LOGISTIC PERFORMANCE: what changed
Two financial 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 PERFORMANCE
Largest movements
- Current investments +€15,527
up €15,527 (+13.4%), from €115,540 to €131,067
- Tangible fixed assets +€8,798
up €8,798 (+17.7%), from €49,587 to €58,386
of which Furniture and vehicles: +€12,864
- Reserves +€17,263
up €17,263 (+6.4%), from €269,059 to €286,322
of which Distributable reserves: +€17,263
- Trade debts +€9,815
up €9,815 (+114%), from €8,628 to €18,442
- Tax, wage and social debts -€9,767
down €9,767 (-21.3%), from €45,845 to €36,078
of which Taxes: -€9,355
- Gross operating margin -€8,327
down €8,327 (-4.4%), from €190,209 to €181,882
- Taxes -€2,669
down €2,669 (-17.3%), from €15,400 to €12,731
- Staff costs +€1,904
up €1,904 (+1.3%), from €141,348 to €143,252
From the 2024 result to the 2025 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.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €334,403 | €356,293 | +€21,890 | +6.5% |
| Fixed assets | 21/28 | €49,950 | €58,749 | +€8,798 | +17.6% |
| Tangible fixed assets | 22/27 | €49,587 | €58,386 | +€8,798 | +17.7% |
| Land and buildings | 22 | €46,054 | €42,174 | -€3,880 | -8.4% |
| Plant, machinery and equipment | 23 | €1,519 | €1,333 | -€186 | -12.3% |
| Furniture and vehicles | 24 | €2,014 | €14,879 | +€12,864 | +639% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €284,453 | €297,544 | +€13,091 | +4.6% |
| Amounts receivable after more than one year | 29 | €90,681 | €91,878 | +€1,197 | +1.3% |
| Trade receivables | 290 | €90,681 | €91,878 | +€1,197 | +1.3% |
| Amounts receivable within one year | 40/41 | €41,759 | €42,522 | +€763 | +1.8% |
| Trade receivables | 40 | €38,390 | €39,288 | +€898 | +2.3% |
| Other amounts receivable | 41 | €3,369 | €3,234 | -€134 | -4.0% |
| Current investments | 50/53 | €115,540 | €131,067 | +€15,527 | +13.4% |
| Cash at bank and in hand | 54/58 | €33,494 | €30,978 | -€2,516 | -7.5% |
| Deferred charges and accrued income | 490/1 | €2,978 | €1,098 | -€1,880 | -63.1% |
| Total equity and liabilities | 10/49 | €334,403 | €356,293 | +€21,890 | +6.5% |
| Equity | 10/15 | €275,264 | €292,528 | +€17,263 | +6.3% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €269,059 | €286,322 | +€17,263 | +6.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €267,199 | €284,462 | +€17,263 | +6.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €59,139 | €63,765 | +€4,627 | +7.8% |
| Amounts payable within one year | 42/48 | €59,139 | €63,765 | +€4,627 | +7.8% |
| Financial debts | 43 | €525 | €3,054 | +€2,530 | +482% |
| Credit institutions | 430/8 | €525 | €3,054 | +€2,530 | +482% |
| Trade debts | 44 | €8,628 | €18,442 | +€9,815 | +114% |
| Suppliers | 440/4 | €8,628 | €18,442 | +€9,815 | +114% |
| Taxes, remuneration and social security | 45 | €45,845 | €36,078 | -€9,767 | -21.3% |
| Taxes | 450/3 | €20,919 | €11,565 | -€9,355 | -44.7% |
| Remuneration and social security | 454/9 | €24,925 | €24,513 | -€412 | -1.7% |
| Other amounts payable | 47/48 | €4,142 | €6,191 | +€2,049 | +49.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €141,348 | €143,252 | +€1,904 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,890 | €5,291 | -€599 | -10.2% |
| Other operating charges | 640/8 | €2,274 | €3,221 | +€948 | +41.7% |
| Non-recurring operating charges | 66A | €21 | €0 | -€21 | -100% |
| Gross operating margin | 9900 | €190,209 | €181,882 | -€8,327 | -4.4% |
| Operating profit (loss) | 9901 | €40,677 | €30,118 | -€10,559 | -26.0% |
| Financial income | 75/76B | €1,356 | €1,959 | +€603 | +44.5% |
| Recurring financial income | 75 | €1,356 | €1,959 | +€603 | +44.5% |
| Financial charges | 65/66B | €2,282 | €2,083 | -€199 | -8.7% |
| Recurring financial charges | 65 | €2,282 | €2,083 | -€199 | -8.7% |
| Profit (loss) for the period before taxes | 9903 | €39,751 | €29,994 | -€9,757 | -24.5% |
| Income taxes | 67/77 | €15,400 | €12,731 | -€2,669 | -17.3% |
| Profit (loss) for the period | 9904 | €24,351 | €17,263 | -€7,088 | -29.1% |
| Profit (loss) for the period to be appropriated | 9905 | €24,351 | €17,263 | -€7,088 | -29.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.