LOGISTICS INTEGRATED SERVICES: what changed
Two fiscal 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 INTEGRATED SERVICES
Largest movements
- Deferred charges and accrued income +€543,153
up €543,153 (+8806.1%), from €6,168 to €549,321
- Cash -€191,234
no longer reported in 2025 (was €191,234)
mainly Deferred charges and accrued income (-€543,153) and Trade debts (-€184,914)
- Receivables within one year +€47,434
up €47,434 (+4.7%), from €1.0m to €1.1m
of which Other amounts receivable: +€154,386
- Financial fixed assets -€37,567
down €37,567 (-88.4%), from €42,500 to €4,933
- Receivables after one year -€31,809
down €31,809 (-44.3%), from €71,809 to €40,000
- Accrued charges and deferred income +€390,110
new in 2025: €390,110
- Short-term financial debts +€187,157
up €187,157 (+312.6%), from €59,864 to €247,021
of which Other loans: +€217,607
- Trade debts -€184,914
down €184,914 (-34.8%), from €531,160 to €346,246
- Tax, wage and social debts -€86,174
down €86,174 (-26.3%), from €327,173 to €240,999
of which Remuneration and social security: -€91,011
- Profit (loss) carried forward +€58,443
up €58,443 (+13.8%), from €424,085 to €482,528
- Financial charges +€81,202
up €81,202 (+203.9%), from €39,817 to €121,019
of which Non-recurring financial charges: +€73,697
- Gross operating margin -€56,117
down €56,117 (-2.7%), from €2.1m to €2.0m
- Taxes -€33,983
down €33,983 (-52.3%), from €64,931 to €30,948
- Other operating charges -€26,094
down €26,094 (-93.3%), from €27,959 to €1,865
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.
Cash bridge derived
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 | €1,583,507 | €1,930,010 | +€346,503 | +21.9% |
| Fixed assets | 21/28 | €303,837 | €282,795 | -€21,042 | -6.9% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €261,337 | €277,862 | +€16,525 | +6.3% |
| Land and buildings | 22 | €260,348 | €252,228 | -€8,119 | -3.1% |
| Plant, machinery and equipment | 23 | €574 | €853 | +€279 | +48.7% |
| Furniture and vehicles | 24 | €415 | €24,780 | +€24,365 | +5869.7% |
| Financial fixed assets | 28 | €42,500 | €4,933 | -€37,567 | -88.4% |
| Current assets | 29/58 | €1,279,671 | €1,647,216 | +€367,545 | +28.7% |
| Amounts receivable after more than one year | 29 | €71,809 | €40,000 | -€31,809 | -44.3% |
| Trade receivables | 290 | €71,809 | €40,000 | -€31,809 | -44.3% |
| Amounts receivable within one year | 40/41 | €1,010,460 | €1,057,895 | +€47,434 | +4.7% |
| Trade receivables | 40 | €946,908 | €839,957 | -€106,952 | -11.3% |
| Other amounts receivable | 41 | €63,552 | €217,938 | +€154,386 | +242.9% |
| Cash at bank and in hand | 54/58 | €191,234 | - | -€191,234 | |
| Deferred charges and accrued income | 490/1 | €6,168 | €549,321 | +€543,153 | +8806.1% |
| Total equity and liabilities | 10/49 | €1,583,507 | €1,930,010 | +€346,503 | +21.9% |
| Equity | 10/15 | €468,085 | €526,528 | +€58,443 | +12.5% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €4,000 | €4,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,000 | €4,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €424,085 | €482,528 | +€58,443 | +13.8% |
| Amounts payable | 17/49 | €1,115,423 | €1,403,483 | +€288,060 | +25.8% |
| Amounts payable after more than one year | 17 | €177,759 | €158,675 | -€19,084 | -10.7% |
| Financial debts | 170/4 | €177,759 | €158,675 | -€19,084 | -10.7% |
| Amounts payable within one year | 42/48 | €937,664 | €854,697 | -€82,967 | -8.8% |
| Current portion of amounts payable after more than one year | 42 | €19,467 | €19,084 | -€384 | -2.0% |
| Financial debts | 43 | €59,864 | €247,021 | +€187,157 | +312.6% |
| Credit institutions | 430/8 | €59,864 | €29,414 | -€30,450 | -50.9% |
| Other loans | 439 | - | €217,607 | +€217,607 | |
| Trade debts | 44 | €531,160 | €346,246 | -€184,914 | -34.8% |
| Suppliers | 440/4 | €531,160 | €346,246 | -€184,914 | -34.8% |
| Taxes, remuneration and social security | 45 | €327,173 | €240,999 | -€86,174 | -26.3% |
| Taxes | 450/3 | €28,065 | €32,902 | +€4,837 | +17.2% |
| Remuneration and social security | 454/9 | €299,108 | €208,097 | -€91,011 | -30.4% |
| Other amounts payable | 47/48 | €0 | €1,349 | +€1,349 | |
| Accrued charges and deferred income | 492/3 | - | €390,110 | +€390,110 | |
| Remuneration, social security and pensions | 62 | €1,771,810 | €1,791,479 | +€19,669 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,439 | €11,193 | +€1,753 | +18.6% |
| Other operating charges | 640/8 | €27,959 | €1,865 | -€26,094 | -93.3% |
| Gross operating margin | 9900 | €2,071,063 | €2,014,946 | -€56,117 | -2.7% |
| Operating profit (loss) | 9901 | €261,855 | €210,410 | -€51,445 | -19.6% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €39,817 | €121,019 | +€81,202 | +203.9% |
| Recurring financial charges | 65 | €39,817 | €47,322 | +€7,506 | +18.9% |
| Non-recurring financial charges | 66B | €0 | €73,697 | +€73,697 | |
| Profit (loss) for the period before taxes | 9903 | €222,038 | €89,390 | -€132,648 | -59.7% |
| Income taxes | 67/77 | €64,931 | €30,948 | -€33,983 | -52.3% |
| Profit (loss) for the period | 9904 | €157,108 | €58,443 | -€98,665 | -62.8% |
| Profit (loss) for the period to be appropriated | 9905 | €157,108 | €58,443 | -€98,665 | -62.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.