LOGISTICS & TM CONSULTING: 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 & TM CONSULTING
Largest movements
- Cash +€49,703
up €49,703 (+60.1%), from €82,688 to €132,391
mainly Other debts (+€91,100) and Net result for the year (+€55,962)
- Receivables within one year -€3,143
down €3,143 (-19.5%), from €16,092 to €12,949
of which Trade receivables: -€2,965
- Other debts +€91,100
up €91,100 (+15,196%), from €600 to €91,700
- Reserves -€80,040
no longer reported in 2025 (was €80,040)
- Tax, wage and social debts +€36,533
up €36,533 (+235%), from €15,579 to €52,112
- Gross operating margin +€1,450
up €1,450 (+2.0%), from €70,926 to €72,375
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 | €100,290 | €147,806 | +€47,516 | +47.4% |
| Current assets | 29/58 | €100,290 | €147,806 | +€47,516 | +47.4% |
| Amounts receivable within one year | 40/41 | €16,092 | €12,949 | -€3,143 | -19.5% |
| Trade receivables | 40 | €12,705 | €9,741 | -€2,965 | -23.3% |
| Other amounts receivable | 41 | €3,387 | €3,209 | -€178 | -5.3% |
| Cash at bank and in hand | 54/58 | €82,688 | €132,391 | +€49,703 | +60.1% |
| Deferred charges and accrued income | 490/1 | €1,510 | €2,466 | +€956 | +63.3% |
| Total equity and liabilities | 10/49 | €100,290 | €147,806 | +€47,516 | +47.4% |
| Equity | 10/15 | €83,040 | €3,000 | -€80,040 | -96.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €80,040 | - | -€80,040 | |
| Distributable reserves | 133 | €80,040 | - | -€80,040 | |
| Amounts payable | 17/49 | €17,250 | €144,806 | +€127,556 | +739% |
| Amounts payable within one year | 42/48 | €17,250 | €144,806 | +€127,556 | +739% |
| Trade debts | 44 | €1,072 | €995 | -€77 | -7.2% |
| Suppliers | 440/4 | €1,072 | €995 | -€77 | -7.2% |
| Taxes, remuneration and social security | 45 | €15,579 | €52,112 | +€36,533 | +235% |
| Taxes | 450/3 | €15,579 | €52,112 | +€36,533 | +235% |
| Other amounts payable | 47/48 | €600 | €91,700 | +€91,100 | +15,196% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €679 | - | -€679 | |
| Other operating charges | 640/8 | €1,028 | €475 | -€553 | -53.8% |
| Gross operating margin | 9900 | €70,926 | €72,375 | +€1,450 | +2.0% |
| Operating profit (loss) | 9901 | €69,218 | €71,900 | +€2,682 | +3.9% |
| Financial income | 75/76B | €0 | €0 | -€0 | -50.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -50.0% |
| Financial charges | 65/66B | €1,321 | €1,147 | -€174 | -13.2% |
| Recurring financial charges | 65 | €1,321 | €1,147 | -€174 | -13.2% |
| Profit (loss) for the period before taxes | 9903 | €67,897 | €70,753 | +€2,856 | +4.2% |
| Income taxes | 67/77 | €14,613 | €14,791 | +€178 | +1.2% |
| Profit (loss) for the period | 9904 | €53,284 | €55,962 | +€2,678 | +5.0% |
| Profit (loss) for the period to be appropriated | 9905 | €53,284 | €55,962 | +€2,678 | +5.0% |
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 18 October 2026 via checked.be.