Logistics center: 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 center
Largest movements
- Cash -€88,071
down €88,071 (-96.5%), from €91,226 to €3,155
mainly Current investments (-€49,978) and Tax, wage and social debts (-€33,917)
- Current investments +€49,978
up €49,978 (+129,745%), from €39 to €50,016
- Receivables within one year -€32,668
down €32,668 (-51.7%), from €63,160 to €30,492
of which Trade receivables: -€41,512
- Tangible fixed assets +€11,995
up €11,995 (+169%), from €7,079 to €19,074
of which Plant, machinery and equipment: +€11,645
- Tax, wage and social debts -€33,917
down €33,917 (-78.5%), from €43,213 to €9,296
of which Taxes: -€25,583
- Other debts -€10,981
down €10,981 (-99.8%), from €11,000 to €19
- Reserves -€9,202
down €9,202 (-10.2%), from €90,524 to €81,322
of which Distributable reserves: -€9,202
- Short-term financial debts -€2,257
down €2,257 (-79.6%), from €2,834 to €577
- Contributions -€1,860
down €1,860 (-13.0%), from €14,260 to €12,400
- Gross operating margin -€103,488
down €103,488 (-89.4%), from €115,718 to €12,230
- Staff costs -€37,096
down €37,096 (-71.5%), from €51,850 to €14,754
- Taxes -€13,326
down €13,326 (-98.6%), from €13,511 to €185
- Depreciation +€1,814
up €1,814 (+55.2%), from €3,289 to €5,104
- Other operating charges +€1,402
up €1,402 (+129%), from €1,089 to €2,491
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.
Derived cash bridge
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 | €163,936 | €105,191 | -€58,746 | -35.8% |
| Fixed assets | 21/28 | €7,079 | €19,074 | +€11,995 | +169% |
| Tangible fixed assets | 22/27 | €7,079 | €19,074 | +€11,995 | +169% |
| Plant, machinery and equipment | 23 | €4,278 | €15,923 | +€11,645 | +272% |
| Furniture and vehicles | 24 | €2,801 | €3,150 | +€350 | +12.5% |
| Current assets | 29/58 | €156,857 | €86,117 | -€70,740 | -45.1% |
| Amounts receivable within one year | 40/41 | €63,160 | €30,492 | -€32,668 | -51.7% |
| Trade receivables | 40 | €58,008 | €16,496 | -€41,512 | -71.6% |
| Other amounts receivable | 41 | €5,152 | €13,996 | +€8,844 | +172% |
| Current investments | 50/53 | €39 | €50,016 | +€49,978 | +129,745% |
| Cash at bank and in hand | 54/58 | €91,226 | €3,155 | -€88,071 | -96.5% |
| Deferred charges and accrued income | 490/1 | €2,433 | €2,454 | +€21 | +0.9% |
| Total equity and liabilities | 10/49 | €163,936 | €105,191 | -€58,746 | -35.8% |
| Equity | 10/15 | €104,784 | €93,722 | -€11,062 | -10.6% |
| Contributions | 10/11 | €14,260 | €12,400 | -€1,860 | -13.0% |
| Reserves | 13 | €90,524 | €81,322 | -€9,202 | -10.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €90,524 | €81,322 | -€9,202 | -10.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €59,152 | €11,468 | -€47,684 | -80.6% |
| Amounts payable within one year | 42/48 | €59,152 | €11,468 | -€47,684 | -80.6% |
| Financial debts | 43 | €2,834 | €577 | -€2,257 | -79.6% |
| Credit institutions | 430/8 | €2,834 | €577 | -€2,257 | -79.6% |
| Trade debts | 44 | €2,106 | €1,576 | -€530 | -25.2% |
| Suppliers | 440/4 | €2,106 | €1,576 | -€530 | -25.2% |
| Taxes, remuneration and social security | 45 | €43,213 | €9,296 | -€33,917 | -78.5% |
| Taxes | 450/3 | €32,879 | €7,296 | -€25,583 | -77.8% |
| Remuneration and social security | 454/9 | €10,334 | €2,000 | -€8,334 | -80.6% |
| Other amounts payable | 47/48 | €11,000 | €19 | -€10,981 | -99.8% |
| Remuneration, social security and pensions | 62 | €51,850 | €14,754 | -€37,096 | -71.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,289 | €5,104 | +€1,814 | +55.2% |
| Other operating charges | 640/8 | €1,089 | €2,491 | +€1,402 | +129% |
| Gross operating margin | 9900 | €115,718 | €12,230 | -€103,488 | -89.4% |
| Operating profit (loss) | 9901 | €59,490 | -€10,119 | -€69,609 | |
| Financial income | 75/76B | €1 | €1 | +€1 | +60.4% |
| Recurring financial income | 75 | €1 | €1 | +€1 | +60.4% |
| Financial charges | 65/66B | €904 | €759 | -€144 | -16.0% |
| Recurring financial charges | 65 | €904 | €759 | -€144 | -16.0% |
| Profit (loss) for the period before taxes | 9903 | €58,587 | -€10,876 | -€69,464 | |
| Income taxes | 67/77 | €13,511 | €185 | -€13,326 | -98.6% |
| Profit (loss) for the period | 9904 | €45,076 | -€11,062 | -€56,138 | |
| Profit (loss) for the period to be appropriated | 9905 | €45,076 | -€11,062 | -€56,138 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.