Logistik Brussels: 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.
Logistik Brussels
Largest movements
- Deferred charges and accrued income -€14,842
down €14,842 (-12.4%), from €120,170 to €105,328
- Cash -€6,530
down €6,530 (-76.5%), from €8,540 to €2,010
mainly Net result for the year (-€17,038) and Trade debts (-€16,285)
- Tangible fixed assets +€3,668
up €3,668 (+56.3%), from €6,516 to €10,184
of which Other tangible fixed assets: +€5,198
- Stocks and contracts -€2,614
down €2,614 (-12.5%), from €20,916 to €18,302
- Reserves -€17,038
down €17,038 (-33.1%), from €51,549 to €34,511
- Trade debts -€16,285
down €16,285 (-87.0%), from €18,724 to €2,439
- Other debts +€11,042
up €11,042 (+23.2%), from €47,562 to €58,604
- Tax, wage and social debts +€2,955
up €2,955 (+11.6%), from €25,454 to €28,410
of which Taxes: +€2,369
- Gross operating margin -€29,772
down €29,772 (-29.7%), from €100,289 to €70,518
- Taxes -€9,143
no longer reported in 2025 (was €9,143)
- Other operating charges -€4,960
down €4,960 (-90.4%), from €5,488 to €528
- Staff costs +€3,963
up €3,963 (+5.0%), from €79,471 to €83,434
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 | €161,889 | €142,564 | -€19,325 | -11.9% |
| Fixed assets | 21/28 | €6,721 | €10,389 | +€3,668 | +54.6% |
| Tangible fixed assets | 22/27 | €6,516 | €10,184 | +€3,668 | +56.3% |
| Furniture and vehicles | 24 | €3,331 | €1,800 | -€1,531 | -46.0% |
| Other tangible fixed assets | 26 | €3,185 | €8,383 | +€5,198 | +163% |
| Financial fixed assets | 28 | €205 | €205 | = | 0.0% |
| Current assets | 29/58 | €155,168 | €132,176 | -€22,993 | -14.8% |
| Stocks and contracts in progress | 3 | €20,916 | €18,302 | -€2,614 | -12.5% |
| Stocks | 30/36 | €20,916 | €18,302 | -€2,614 | -12.5% |
| Amounts receivable within one year | 40/41 | €5,542 | €6,536 | +€994 | +17.9% |
| Trade receivables | 40 | €1,804 | €974 | -€830 | -46.0% |
| Other amounts receivable | 41 | €3,738 | €5,562 | +€1,824 | +48.8% |
| Cash at bank and in hand | 54/58 | €8,540 | €2,010 | -€6,530 | -76.5% |
| Deferred charges and accrued income | 490/1 | €120,170 | €105,328 | -€14,842 | -12.4% |
| Total equity and liabilities | 10/49 | €161,889 | €142,564 | -€19,325 | -11.9% |
| Equity | 10/15 | €70,149 | €53,111 | -€17,038 | -24.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €51,549 | €34,511 | -€17,038 | -33.1% |
| Distributable reserves | 133 | €51,549 | €34,511 | -€17,038 | -33.1% |
| Amounts payable | 17/49 | €91,740 | €89,453 | -€2,287 | -2.5% |
| Amounts payable within one year | 42/48 | €91,740 | €89,453 | -€2,287 | -2.5% |
| Trade debts | 44 | €18,724 | €2,439 | -€16,285 | -87.0% |
| Suppliers | 440/4 | €18,724 | €2,439 | -€16,285 | -87.0% |
| Taxes, remuneration and social security | 45 | €25,454 | €28,410 | +€2,955 | +11.6% |
| Taxes | 450/3 | €10,140 | €12,509 | +€2,369 | +23.4% |
| Remuneration and social security | 454/9 | €15,314 | €15,901 | +€587 | +3.8% |
| Other amounts payable | 47/48 | €47,562 | €58,604 | +€11,042 | +23.2% |
| Non-recurring operating income | 76A | - | €106 | +€106 | |
| Remuneration, social security and pensions | 62 | €79,471 | €83,434 | +€3,963 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,702 | €1,815 | +€113 | +6.7% |
| Other operating charges | 640/8 | €5,488 | €528 | -€4,960 | -90.4% |
| Gross operating margin | 9900 | €100,289 | €70,518 | -€29,772 | -29.7% |
| Operating profit (loss) | 9901 | €13,628 | -€15,260 | -€28,888 | |
| Financial income | 75/76B | €168 | €0 | -€168 | -99.7% |
| Recurring financial income | 75 | €168 | €0 | -€168 | -99.7% |
| Financial charges | 65/66B | €1,859 | €1,779 | -€80 | -4.3% |
| Recurring financial charges | 65 | €1,859 | €1,779 | -€80 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | €11,937 | -€17,038 | -€28,975 | |
| Income taxes | 67/77 | €9,143 | - | -€9,143 | |
| Profit (loss) for the period | 9904 | €2,794 | -€17,038 | -€19,832 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,794 | -€17,038 | -€19,832 |
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 15 October 2026 via checked.be.