LOGISTIC UNIT & DEVELOPMENT AGENCY: 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 UNIT & DEVELOPMENT AGENCY
Largest movements
- Cash +€24,389
up €24,389 (+14.5%), from €167,789 to €192,178
mainly Net result for the year (+€31,015) and Depreciation (+€6,269)
- Receivables within one year +€15,249
up €15,249 (+62.2%), from €24,535 to €39,784
of which Trade receivables: +€11,998
- Tangible fixed assets -€6,269
down €6,269 (-98.1%), from €6,391 to €121
of which Furniture and vehicles: -€5,903
- Reserves +€31,015
up €31,015 (+18.8%), from €165,054 to €196,069
- Depreciation -€3,626
down €3,626 (-36.6%), from €9,896 to €6,269
- Gross operating margin +€1,948
up €1,948 (+4.1%), from €47,737 to €49,685
- Taxes +€1,542
up €1,542 (+15.0%), from €10,261 to €11,803
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 | €199,138 | €232,083 | +€32,944 | +16.5% |
| Fixed assets | 21/28 | €6,391 | €121 | -€6,269 | -98.1% |
| Tangible fixed assets | 22/27 | €6,391 | €121 | -€6,269 | -98.1% |
| Plant, machinery and equipment | 23 | €487 | €121 | -€366 | -75.1% |
| Furniture and vehicles | 24 | €5,903 | - | -€5,903 | |
| Current assets | 29/58 | €192,748 | €231,961 | +€39,214 | +20.3% |
| Amounts receivable within one year | 40/41 | €24,535 | €39,784 | +€15,249 | +62.2% |
| Trade receivables | 40 | €19,781 | €31,779 | +€11,998 | +60.7% |
| Other amounts receivable | 41 | €4,754 | €8,004 | +€3,250 | +68.4% |
| Cash at bank and in hand | 54/58 | €167,789 | €192,178 | +€24,389 | +14.5% |
| Deferred charges and accrued income | 490/1 | €424 | - | -€424 | |
| Total equity and liabilities | 10/49 | €199,138 | €232,083 | +€32,944 | +16.5% |
| Equity | 10/15 | €177,454 | €208,469 | +€31,015 | +17.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €165,054 | €196,069 | +€31,015 | +18.8% |
| Distributable reserves | 133 | €165,054 | €196,069 | +€31,015 | +18.8% |
| Amounts payable | 17/49 | €21,684 | €23,613 | +€1,929 | +8.9% |
| Amounts payable within one year | 42/48 | €21,684 | €23,613 | +€1,929 | +8.9% |
| Trade debts | 44 | €1,791 | €1,661 | -€130 | -7.3% |
| Suppliers | 440/4 | €1,791 | €1,661 | -€130 | -7.3% |
| Taxes, remuneration and social security | 45 | €7,246 | €7,505 | +€259 | +3.6% |
| Taxes | 450/3 | €7,246 | €7,505 | +€259 | +3.6% |
| Other amounts payable | 47/48 | €12,647 | €14,447 | +€1,800 | +14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,896 | €6,269 | -€3,626 | -36.6% |
| Other operating charges | 640/8 | €574 | €587 | +€12 | +2.2% |
| Gross operating margin | 9900 | €47,737 | €49,685 | +€1,948 | +4.1% |
| Operating profit (loss) | 9901 | €37,267 | €42,828 | +€5,562 | +14.9% |
| Financial income | 75/76B | - | €35 | +€35 | |
| Recurring financial income | 75 | - | €35 | +€35 | |
| Financial charges | 65/66B | €161 | €45 | -€116 | -72.1% |
| Recurring financial charges | 65 | €161 | €45 | -€116 | -72.1% |
| Profit (loss) for the period before taxes | 9903 | €37,106 | €42,818 | +€5,712 | +15.4% |
| Income taxes | 67/77 | €10,261 | €11,803 | +€1,542 | +15.0% |
| Profit (loss) for the period | 9904 | €26,845 | €31,015 | +€4,170 | +15.5% |
| Profit (loss) for the period to be appropriated | 9905 | €26,845 | €31,015 | +€4,170 | +15.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.