Logistics General Contracting and Engineering: 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.
What changed
Logistics General Contracting and Engineering
NACE 71.121, Engineering and related technical consultancy, excluding land surveyors
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€5,724
2024 · -€58,283+€64,007
Equity
€1.0m
2024 · €1.0m+€5,724
Cash
-
not filed
Balance sheet total
€4.1m
2024 · €3.8m+€303,216
Largest movements
Assets
- Stocks and contracts +€595,247
new in 2025: €595,247
- Receivables within one year -€312,332
down €312,332 (-9.0%), from €3.5m to €3.2m
of which Trade receivables: -€311,856
- Deferred charges and accrued income +€46,246
up €46,246 (+802%), from €5,766 to €52,012
Equity and liabilities
- Advances received +€400,000
new in 2025: €400,000
- Other debts -€275,426
down €275,426 (-15.2%), from €1.8m to €1.5m
- Tax, wage and social debts +€124,897
up €124,897 (+22.0%), from €568,508 to €693,405
of which Taxes: +€79,664
- Trade debts +€48,667
up €48,667 (+14.1%), from €344,171 to €392,838
Income statement
- Turnover -€667,082
down €667,082 (-15.2%), from €4.4m to €3.7m
- Staff costs +€321,334
up €321,334 (+25.3%), from €1.3m to €1.6m
- Other operating income -€140,019
down €140,019 (-76.2%), from €183,824 to €43,805
- Services and other goods -€87,445
down €87,445 (-4.2%), from €2.1m to €2.0m
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.
Result 2024
-€58,283
Turnover
-€667,082
Other operating income
-€140,019
Goods and materials
-€42,603
Services and other goods
+€87,445
Staff costs
-€321,334
Depreciation
+€4,625
Write-downs
-€4,624
Other operating charges
-€294
Other operating items
+€1.2m
Financial income
+€2,198
Financial charges
+€3,088
Taxes
-€9,235
Result 2025
€5,724
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,774,043 | €4,077,259 | +€303,216 | +8.0% |
| Fixed assets | 21/28 | €299,452 | €273,507 | -€25,945 | -8.7% |
| Tangible fixed assets | 22/27 | €296,838 | €270,893 | -€25,945 | -8.7% |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €118,750 | €109,375 | -€9,375 | -7.9% |
| Furniture and vehicles | 24 | €178,088 | €161,518 | -€16,570 | -9.3% |
| Financial fixed assets | 28 | €2,614 | €2,614 | = | 0.0% |
| Other financial fixed assets | 284/8 | €2,614 | €2,614 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €2,614 | €2,614 | = | 0.0% |
| Current assets | 29/58 | €3,474,591 | €3,803,752 | +€329,161 | +9.5% |
| Stocks and contracts in progress | 3 | - | €595,247 | +€595,247 | |
| Contracts in progress | 37 | - | €595,247 | +€595,247 | |
| Amounts receivable within one year | 40/41 | €3,468,825 | €3,156,493 | -€312,332 | -9.0% |
| Trade receivables | 40 | €3,441,773 | €3,129,918 | -€311,856 | -9.1% |
| Other amounts receivable | 41 | €27,052 | €26,575 | -€477 | -1.8% |
| Deferred charges and accrued income | 490/1 | €5,766 | €52,012 | +€46,246 | +802% |
| Total equity and liabilities | 10/49 | €3,774,043 | €4,077,259 | +€303,216 | +8.0% |
| Equity | 10/15 | €1,041,647 | €1,047,371 | +€5,724 | +0.5% |
| Contributions | 10/11 | €250,700 | €250,700 | = | 0.0% |
| Capital | 10 | €250,700 | €250,700 | = | 0.0% |
| Issued capital | 100 | €250,700 | €250,700 | = | 0.0% |
| Reserves | 13 | €790,947 | €796,671 | +€5,724 | +0.7% |
| Non-distributable reserves | 130/1 | €34,476 | €34,476 | = | 0.0% |
| Legal reserve | 130 | €34,476 | €34,476 | = | 0.0% |
| Tax-exempt reserves | 132 | €474,181 | €474,181 | = | 0.0% |
| Distributable reserves | 133 | €282,290 | €288,015 | +€5,724 | +2.0% |
| Amounts payable | 17/49 | €2,732,396 | €3,029,888 | +€297,492 | +10.9% |
| Amounts payable within one year | 42/48 | €2,726,294 | €3,024,431 | +€298,137 | +10.9% |
| Trade debts | 44 | €344,171 | €392,838 | +€48,667 | +14.1% |
| Suppliers | 440/4 | €344,171 | €392,838 | +€48,667 | +14.1% |
| Advances received on contracts in progress | 46 | - | €400,000 | +€400,000 | |
| Taxes, remuneration and social security | 45 | €568,508 | €693,405 | +€124,897 | +22.0% |
| Taxes | 450/3 | €332,597 | €412,260 | +€79,664 | +24.0% |
| Remuneration and social security | 454/9 | €235,912 | €281,145 | +€45,233 | +19.2% |
| Other amounts payable | 47/48 | €1,813,615 | €1,538,188 | -€275,426 | -15.2% |
| Accrued charges and deferred income | 492/3 | €6,102 | €5,456 | -€646 | -10.6% |
| Operating income | 70/76A | €4,014,551 | €4,364,512 | +€349,961 | +8.7% |
| Turnover | 70 | €4,383,521 | €3,716,439 | -€667,082 | -15.2% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€561,814 | €595,247 | +€1.2m | |
| Other operating income | 74 | €183,824 | €43,805 | -€140,019 | -76.2% |
| Non-recurring operating income | 76A | €9,020 | €9,021 | +€1 | 0.0% |
| Operating charges | 60/66A | €4,039,371 | €4,321,376 | +€282,005 | +7.0% |
| Goods for resale, raw materials and consumables | 60 | €657,402 | €700,004 | +€42,603 | +6.5% |
| Purchases | 600/8 | €657,402 | €700,004 | +€42,603 | +6.5% |
| Services and other goods | 61 | €2,068,075 | €1,980,630 | -€87,445 | -4.2% |
| Remuneration, social security and pensions | 62 | €1,267,914 | €1,589,248 | +€321,334 | +25.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,075 | €35,450 | -€4,625 | -11.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€4,624 | - | +€4,624 | |
| Other operating charges | 640/8 | €10,530 | €10,824 | +€294 | +2.8% |
| Non-recurring operating charges | 66A | - | €5,220 | +€5,220 | |
| Operating profit (loss) | 9901 | -€24,820 | €43,136 | +€67,956 | |
| Financial income | 75/76B | €2,157 | €4,354 | +€2,198 | +102% |
| Recurring financial income | 75 | €2,157 | €4,354 | +€2,198 | +102% |
| Income from current assets | 751 | €2,157 | - | -€2,157 | |
| Non-recurring financial income | 76B | - | €4,354 | +€4,354 | |
| Financial charges | 65/66B | €32,186 | €29,098 | -€3,088 | -9.6% |
| Recurring financial charges | 65 | €32,186 | €29,098 | -€3,088 | -9.6% |
| Debt charges | 650 | €32,018 | €28,988 | -€3,029 | -9.5% |
| Other financial charges | 652/9 | €169 | €110 | -€59 | -34.9% |
| Profit (loss) for the period before taxes | 9903 | -€54,850 | €18,392 | +€73,242 | |
| Income taxes | 67/77 | €3,433 | €12,668 | +€9,235 | +269% |
| Taxes | 670/3 | €3,500 | €13,000 | +€9,500 | +271% |
| Tax adjustments and reversals of tax provisions | 77 | €67 | €332 | +€265 | +396% |
| Profit (loss) for the period | 9904 | -€58,283 | €5,724 | +€64,007 | |
| Profit (loss) for the period to be appropriated | 9905 | -€58,283 | €5,724 | +€64,007 |
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 20 October 2026 via checked.be.