LOGISTIC MANAGEMENT DISTRIBUTION: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
LOGISTIC MANAGEMENT DISTRIBUTION
Largest movements
- Current investments -€120,059
down €120,059 (-29.2%), from €411,510 to €291,451
- Receivables within one year +€44,215
up €44,215 (+39.2%), from €112,660 to €156,875
- Intangible fixed assets -€23,684
down €23,684 (-16.7%), from €142,102 to €118,418
- Cash -€18,531
down €18,531 (-42.1%), from €43,984 to €25,453
mainly Net result for the year (-€70,070) and Receivables within one year (-€44,215)
- Profit (loss) carried forward -€70,070
down €70,070 (-70.9%), from -€98,786 to -€168,855
- Other debts -€43,693
down €43,693 (-5.8%), from €747,871 to €704,179
- Debts after one year -€22,495
down €22,495 (-29.2%), from €76,961 to €54,466
- Tax, wage and social debts +€16,000
up €16,000 (+186.2%), from €8,592 to €24,591
- Gross operating margin -€6,266
down €6,266 (-58.1%), from -€10,792 to -€17,058
- Other operating charges -€2,177
down €2,177 (-43.8%), from €4,973 to €2,795
- Financial income +€2,070
up €2,070 (+376.5%), from €550 to €2,619
- Depreciation +€1,817
up €1,817 (+4.0%), from €45,913 to €47,730
- Financial charges -€1,059
down €1,059 (-19.0%), from €5,585 to €4,526
From the 2023 result to the 2024 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,342,977 | €1,216,872 | -€126,105 | -9.4% |
| Fixed assets | 21/28 | €512,858 | €481,128 | -€31,730 | -6.2% |
| Intangible fixed assets | 21 | €142,102 | €118,418 | -€23,684 | -16.7% |
| Tangible fixed assets | 22/27 | €296,614 | €288,568 | -€8,047 | -2.7% |
| Land and buildings | 22 | €225,000 | €225,000 | = | 0.0% |
| Furniture and vehicles | 24 | €61,710 | €55,992 | -€5,718 | -9.3% |
| Other tangible fixed assets | 26 | €9,904 | €7,576 | -€2,329 | -23.5% |
| Financial fixed assets | 28 | €74,142 | €74,142 | = | 0.0% |
| Current assets | 29/58 | €830,119 | €735,744 | -€94,375 | -11.4% |
| Stocks and contracts in progress | 3 | €261,965 | €261,965 | = | 0.0% |
| Stocks | 30/36 | €261,965 | €261,965 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €112,660 | €156,875 | +€44,215 | +39.2% |
| Trade receivables | 40 | €112,660 | €156,875 | +€44,215 | +39.2% |
| Current investments | 50/53 | €411,510 | €291,451 | -€120,059 | -29.2% |
| Cash at bank and in hand | 54/58 | €43,984 | €25,453 | -€18,531 | -42.1% |
| Total equity and liabilities | 10/49 | €1,342,977 | €1,216,872 | -€126,105 | -9.4% |
| Equity | 10/15 | -€35,376 | -€105,445 | -€70,070 | -198.1% |
| Contributions | 10/11 | €61,550 | €61,550 | = | 0.0% |
| Capital | 10 | €61,550 | €61,550 | = | 0.0% |
| Issued capital | 100 | €61,550 | €61,550 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€98,786 | -€168,855 | -€70,070 | -70.9% |
| Amounts payable | 17/49 | €1,378,352 | €1,322,317 | -€56,035 | -4.1% |
| Amounts payable after more than one year | 17 | €76,961 | €54,466 | -€22,495 | -29.2% |
| Financial debts | 170/4 | €76,961 | €54,466 | -€22,495 | -29.2% |
| Amounts payable within one year | 42/48 | €1,301,391 | €1,267,851 | -€33,541 | -2.6% |
| Current portion of amounts payable after more than one year | 42 | €29,078 | €22,495 | -€6,583 | -22.6% |
| Trade debts | 44 | €507,487 | €508,223 | +€736 | +0.1% |
| Suppliers | 440/4 | €507,487 | €508,223 | +€736 | +0.1% |
| Advances received on contracts in progress | 46 | €8,363 | €8,363 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €8,592 | €24,591 | +€16,000 | +186.2% |
| Taxes | 450/3 | €8,592 | €24,591 | +€16,000 | +186.2% |
| Other amounts payable | 47/48 | €747,871 | €704,179 | -€43,693 | -5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,913 | €47,730 | +€1,817 | +4.0% |
| Other operating charges | 640/8 | €4,973 | €2,795 | -€2,177 | -43.8% |
| Gross operating margin | 9900 | -€10,792 | -€17,058 | -€6,266 | -58.1% |
| Operating profit (loss) | 9901 | -€61,677 | -€67,584 | -€5,906 | -9.6% |
| Financial income | 75/76B | €550 | €2,619 | +€2,070 | +376.5% |
| Recurring financial income | 75 | €550 | €2,619 | +€2,070 | +376.5% |
| Financial charges | 65/66B | €5,585 | €4,526 | -€1,059 | -19.0% |
| Recurring financial charges | 65 | €5,585 | €4,526 | -€1,059 | -19.0% |
| Profit (loss) for the period before taxes | 9903 | -€66,713 | -€69,490 | -€2,777 | -4.2% |
| Income taxes | 67/77 | €334 | €579 | +€246 | +73.6% |
| Profit (loss) for the period | 9904 | -€67,047 | -€70,070 | -€3,023 | -4.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€67,047 | -€70,070 | -€3,023 | -4.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.