Logistique, Gestion, Services: 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.
Logistique, Gestion, Services
Largest movements
- Tangible fixed assets +€64,428
up €64,428 (+252%), from €25,612 to €90,040
of which Land and buildings: +€55,334
- Cash -€22,239
down €22,239 (-26.8%), from €82,935 to €60,696
mainly Investment in fixed assets (net) (-€73,640) and Receivables within one year (-€14,547)
- Receivables within one year +€14,547
up €14,547 (+1,316%), from €1,105 to €15,652
- Reserves +€50,000
up €50,000 (+100%), from €50,000 to €100,000
- Tax, wage and social debts +€7,499
up €7,499 (+46.6%), from €16,076 to €23,575
- Profit (loss) carried forward -€5,733
down €5,733 (-16.4%), from €34,985 to €29,252
- Trade debts +€4,155
up €4,155 (+530%), from €784 to €4,939
- Gross operating margin +€31,207
up €31,207 (+87.5%), from €35,658 to €66,865
- Taxes +€6,607
up €6,607 (+116%), from €5,700 to €12,307
- Depreciation +€3,324
up €3,324 (+56.5%), from €5,888 to €9,212
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 | €114,525 | €171,336 | +€56,811 | +49.6% |
| Fixed assets | 21/28 | €29,962 | €94,390 | +€64,428 | +215% |
| Tangible fixed assets | 22/27 | €25,612 | €90,040 | +€64,428 | +252% |
| Land and buildings | 22 | - | €55,334 | +€55,334 | |
| Plant, machinery and equipment | 23 | €7,190 | €5,210 | -€1,980 | -27.5% |
| Furniture and vehicles | 24 | €13,485 | €9,560 | -€3,925 | -29.1% |
| Assets under construction and advance payments | 27 | €4,937 | €19,937 | +€15,000 | +304% |
| Financial fixed assets | 28 | €4,350 | €4,350 | = | 0.0% |
| Current assets | 29/58 | €84,563 | €76,946 | -€7,617 | -9.0% |
| Amounts receivable within one year | 40/41 | €1,105 | €15,652 | +€14,547 | +1,316% |
| Trade receivables | 40 | €1,105 | €15,652 | +€14,547 | +1,316% |
| Cash at bank and in hand | 54/58 | €82,935 | €60,696 | -€22,239 | -26.8% |
| Deferred charges and accrued income | 490/1 | €523 | €598 | +€75 | +14.3% |
| Total equity and liabilities | 10/49 | €114,525 | €171,336 | +€56,811 | +49.6% |
| Equity | 10/15 | €89,985 | €134,252 | +€44,267 | +49.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Contributions outside capital | 11 | €5,000 | - | -€5,000 | |
| Other | 1109/19 | €5,000 | - | -€5,000 | |
| Reserves | 13 | €50,000 | €100,000 | +€50,000 | +100% |
| Distributable reserves | 133 | €50,000 | €100,000 | +€50,000 | +100% |
| Profit (loss) carried forward | 14 | €34,985 | €29,252 | -€5,733 | -16.4% |
| Amounts payable | 17/49 | €24,540 | €37,084 | +€12,544 | +51.1% |
| Amounts payable within one year | 42/48 | €24,540 | €37,084 | +€12,544 | +51.1% |
| Trade debts | 44 | €784 | €4,939 | +€4,155 | +530% |
| Suppliers | 440/4 | €784 | €4,939 | +€4,155 | +530% |
| Taxes, remuneration and social security | 45 | €16,076 | €23,575 | +€7,499 | +46.6% |
| Taxes | 450/3 | €16,076 | €23,575 | +€7,499 | +46.6% |
| Other amounts payable | 47/48 | €7,680 | €8,570 | +€890 | +11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,888 | €9,212 | +€3,324 | +56.5% |
| Other operating charges | 640/8 | €1,300 | €857 | -€443 | -34.1% |
| Gross operating margin | 9900 | €35,658 | €66,865 | +€31,207 | +87.5% |
| Operating profit (loss) | 9901 | €28,470 | €56,796 | +€28,326 | +99.5% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €69 | €225 | +€156 | +226% |
| Recurring financial charges | 65 | €69 | €225 | +€156 | +226% |
| Profit (loss) for the period before taxes | 9903 | €28,401 | €56,574 | +€28,173 | +99.2% |
| Income taxes | 67/77 | €5,700 | €12,307 | +€6,607 | +116% |
| Profit (loss) for the period | 9904 | €22,701 | €44,267 | +€21,566 | +95.0% |
| Profit (loss) for the period to be appropriated | 9905 | €22,701 | €44,267 | +€21,566 | +95.0% |
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 26 October 2026 via checked.be.