Logistics Management & Construcions: 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 Management & Construcions
Largest movements
- Receivables within one year -€51,463
down €51,463 (-86.9%), from €59,253 to €7,790
of which Other amounts receivable: -€41,259
- Cash -€1,960
down €1,960 (-95.5%), from €2,052 to €92
mainly Other debts (-€42,240) and Tax, wage and social debts (-€7,855)
- Other debts -€42,240
down €42,240 (-98.3%), from €42,968 to €728
- Tax, wage and social debts -€7,855
down €7,855 (-64.0%), from €12,279 to €4,424
of which Remuneration and social security: -€5,550
- Reserves +€7,160
up €7,160 (+13.2%), from €54,133 to €61,293
of which Distributable reserves: +€7,160
- Current portion of long-term debt -€5,770
no longer reported in 2026 (was €5,770)
- Trade debts -€4,661
down €4,661 (-43.7%), from €10,668 to €6,007
- Turnover -€83,226
no longer reported in 2026 (was €83,226)
- Staff costs -€33,699
down €33,699 (-68.1%), from €49,518 to €15,819
- Gross operating margin -€32,244
down €32,244 (-54.9%), from €58,735 to €26,491
- Purchases and services -€24,491
no longer reported in 2026 (was €24,491)
- Financial charges -€3,410
down €3,410 (-82.2%), from €4,150 to €740
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €146,428 | €93,062 | -€53,366 | -36.4% |
| Fixed assets | 21/28 | €85,123 | €84,955 | -€168 | -0.2% |
| Tangible fixed assets | 22/27 | €168 | €0 | -€168 | -100% |
| Plant, machinery and equipment | 23 | €168 | - | -€168 | |
| Financial fixed assets | 28 | €84,955 | €84,955 | = | 0.0% |
| Current assets | 29/58 | €61,305 | €8,107 | -€53,198 | -86.8% |
| Amounts receivable within one year | 40/41 | €59,253 | €7,790 | -€51,463 | -86.9% |
| Trade receivables | 40 | €17,327 | €7,123 | -€10,204 | -58.9% |
| Other amounts receivable | 41 | €41,926 | €667 | -€41,259 | -98.4% |
| Cash at bank and in hand | 54/58 | €2,052 | €92 | -€1,960 | -95.5% |
| Deferred charges and accrued income | 490/1 | - | €225 | +€225 | |
| Total equity and liabilities | 10/49 | €146,428 | €93,062 | -€53,366 | -36.4% |
| Equity | 10/15 | €74,743 | €81,903 | +€7,160 | +9.6% |
| Contributions | 10/11 | €20,610 | €20,610 | = | 0.0% |
| Reserves | 13 | €54,133 | €61,293 | +€7,160 | +13.2% |
| Tax-exempt reserves | 132 | €14,999 | €14,999 | = | 0.0% |
| Distributable reserves | 133 | €39,134 | €46,294 | +€7,160 | +18.3% |
| Amounts payable | 17/49 | €71,685 | €11,159 | -€60,526 | -84.4% |
| Amounts payable within one year | 42/48 | €71,685 | €11,159 | -€60,526 | -84.4% |
| Current portion of amounts payable after more than one year | 42 | €5,770 | - | -€5,770 | |
| Trade debts | 44 | €10,668 | €6,007 | -€4,661 | -43.7% |
| Suppliers | 440/4 | €10,668 | €6,007 | -€4,661 | -43.7% |
| Taxes, remuneration and social security | 45 | €12,279 | €4,424 | -€7,855 | -64.0% |
| Taxes | 450/3 | €6,729 | €4,424 | -€2,305 | -34.3% |
| Remuneration and social security | 454/9 | €5,550 | - | -€5,550 | |
| Other amounts payable | 47/48 | €42,968 | €728 | -€42,240 | -98.3% |
| Turnover | 70 | €83,226 | - | -€83,226 | |
| Goods, raw materials, services and sundry goods | 60/61 | €24,491 | - | -€24,491 | |
| Remuneration, social security and pensions | 62 | €49,518 | €15,819 | -€33,699 | -68.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €184 | €168 | -€16 | -8.7% |
| Other operating charges | 640/8 | €387 | €400 | +€13 | +3.4% |
| Gross operating margin | 9900 | €58,735 | €26,491 | -€32,244 | -54.9% |
| Operating profit (loss) | 9901 | €8,646 | €10,104 | +€1,458 | +16.9% |
| Financial income | 75/76B | - | €472 | +€472 | |
| Recurring financial income | 75 | - | €472 | +€472 | |
| Financial charges | 65/66B | €4,150 | €740 | -€3,410 | -82.2% |
| Recurring financial charges | 65 | €4,150 | €740 | -€3,410 | -82.2% |
| Profit (loss) for the period before taxes | 9903 | €4,496 | €9,836 | +€5,340 | +119% |
| Income taxes | 67/77 | €1,366 | €2,675 | +€1,309 | +95.8% |
| Profit (loss) for the period | 9904 | €3,130 | €7,161 | +€4,031 | +129% |
| Profit (loss) for the period to be appropriated | 9905 | €3,130 | €7,161 | +€4,031 | +129% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.