LOGISTICS 2 MANAGE: 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.
LOGISTICS 2 MANAGE
Largest movements
- Tangible fixed assets +€138,288
up €138,288 (+15.3%), from €904,795 to €1.0m
of which Land and buildings: +€138,598
- Cash +€15,846
up €15,846 (+171%), from €9,272 to €25,118
mainly Other debts (+€176,133) and Depreciation (+€71,974)
- Other debts +€176,133
new in 2025: €176,133
- Debts after one year -€52,708
down €52,708 (-8.7%), from €604,369 to €551,661
- Tax, wage and social debts +€19,180
up €19,180 (+124%), from €15,432 to €34,611
of which Taxes: +€19,097
- Trade debts -€12,646
down €12,646 (-20.4%), from €61,980 to €49,334
- Gross operating margin +€48,719
up €48,719 (+42.4%), from €114,965 to €163,684
- Depreciation +€30,037
up €30,037 (+71.6%), from €41,936 to €71,974
- Financial charges +€16,980
up €16,980 (+94.6%), from €17,944 to €34,924
- Staff costs +€3,949
up €3,949 (+9.3%), from €42,335 to €46,285
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 | €918,389 | €1,069,367 | +€150,978 | +16.4% |
| Fixed assets | 21/28 | €904,795 | €1,043,083 | +€138,288 | +15.3% |
| Tangible fixed assets | 22/27 | €904,795 | €1,043,083 | +€138,288 | +15.3% |
| Land and buildings | 22 | €902,806 | €1,041,404 | +€138,598 | +15.4% |
| Furniture and vehicles | 24 | €1,989 | €1,679 | -€310 | -15.6% |
| Current assets | 29/58 | €13,594 | €26,285 | +€12,690 | +93.4% |
| Amounts receivable within one year | 40/41 | €2,095 | €400 | -€1,695 | -80.9% |
| Trade receivables | 40 | €1,210 | - | -€1,210 | |
| Other amounts receivable | 41 | €885 | €400 | -€485 | -54.8% |
| Cash at bank and in hand | 54/58 | €9,272 | €25,118 | +€15,846 | +171% |
| Deferred charges and accrued income | 490/1 | €2,227 | €767 | -€1,460 | -65.6% |
| Total equity and liabilities | 10/49 | €918,389 | €1,069,367 | +€150,978 | +16.4% |
| Equity | 10/15 | €187,091 | €192,782 | +€5,692 | +3.0% |
| Contributions | 10/11 | €96,350 | €96,350 | = | 0.0% |
| Contributions outside capital | 11 | €96,350 | €96,350 | = | 0.0% |
| Other | 1109/19 | €96,350 | €96,350 | = | 0.0% |
| Reserves | 13 | €82,445 | €88,135 | +€5,690 | +6.9% |
| Distributable reserves | 133 | €82,445 | €88,135 | +€5,690 | +6.9% |
| Profit (loss) carried forward | 14 | €8,296 | €8,297 | +€2 | 0.0% |
| Amounts payable | 17/49 | €731,298 | €876,585 | +€145,287 | +19.9% |
| Amounts payable after more than one year | 17 | €604,369 | €551,661 | -€52,708 | -8.7% |
| Financial debts | 170/4 | €604,369 | €551,661 | -€52,708 | -8.7% |
| Amounts payable within one year | 42/48 | €124,813 | €312,786 | +€187,973 | +151% |
| Current portion of amounts payable after more than one year | 42 | €47,401 | €52,708 | +€5,307 | +11.2% |
| Trade debts | 44 | €61,980 | €49,334 | -€12,646 | -20.4% |
| Suppliers | 440/4 | €61,980 | €49,334 | -€12,646 | -20.4% |
| Taxes, remuneration and social security | 45 | €15,432 | €34,611 | +€19,180 | +124% |
| Taxes | 450/3 | €8,606 | €27,704 | +€19,097 | +222% |
| Remuneration and social security | 454/9 | €6,825 | €6,907 | +€82 | +1.2% |
| Other amounts payable | 47/48 | - | €176,133 | +€176,133 | |
| Accrued charges and deferred income | 492/3 | €2,117 | €12,138 | +€10,021 | +473% |
| Remuneration, social security and pensions | 62 | €42,335 | €46,285 | +€3,949 | +9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,936 | €71,974 | +€30,037 | +71.6% |
| Other operating charges | 640/8 | €1,893 | €1,952 | +€59 | +3.1% |
| Gross operating margin | 9900 | €114,965 | €163,684 | +€48,719 | +42.4% |
| Operating profit (loss) | 9901 | €28,800 | €43,474 | +€14,673 | +50.9% |
| Financial charges | 65/66B | €17,944 | €34,924 | +€16,980 | +94.6% |
| Recurring financial charges | 65 | €17,944 | €34,924 | +€16,980 | +94.6% |
| Profit (loss) for the period before taxes | 9903 | €10,856 | €8,549 | -€2,307 | -21.2% |
| Income taxes | 67/77 | €3,500 | €2,858 | -€642 | -18.3% |
| Profit (loss) for the period | 9904 | €7,356 | €5,692 | -€1,664 | -22.6% |
| Profit (loss) for the period to be appropriated | 9905 | €7,356 | €5,692 | -€1,664 | -22.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.