LST Logistics: 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.
LST Logistics
Largest movements
- Receivables within one year -€134,100
down €134,100 (-32.4%), from €413,257 to €279,157
of which Other amounts receivable: -€69,001
- Financial fixed assets +€16,200
up €16,200 (+47.9%), from €33,800 to €50,000
- Tangible fixed assets -€15,848
down €15,848 (-7.9%), from €200,909 to €185,061
of which Furniture and vehicles: -€19,589
- Receivables after one year +€8,000
up €8,000 (+114%), from €7,000 to €15,000
- Trade debts -€171,626
down €171,626 (-64.9%), from €264,612 to €92,986
- Reserves +€76,832
up €76,832 (+130%), from €59,177 to €136,009
- Tax, wage and social debts +€43,624
up €43,624 (+25.0%), from €174,614 to €218,238
of which Remuneration and social security: +€21,942
- Debts after one year -€23,752
down €23,752 (-29.8%), from €79,582 to €55,830
- Short-term financial debts -€20,169
no longer reported in 2025 (was €20,169)
- Write-downs -€131,253
no longer reported in 2025 (was €131,253)
- Other operating charges +€122,413
up €122,413 (+54.4%), from €224,852 to €347,265
- Staff costs +€30,525
up €30,525 (+3.8%), from €811,713 to €842,238
- Gross operating margin +€30,281
up €30,281 (+2.2%), from €1.3m to €1.4m
- Depreciation +€24,546
up €24,546 (+111%), from €22,210 to €46,756
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 | €683,213 | €560,694 | -€122,518 | -17.9% |
| Fixed assets | 21/28 | €234,709 | €235,061 | +€352 | +0.1% |
| Tangible fixed assets | 22/27 | €200,909 | €185,061 | -€15,848 | -7.9% |
| Land and buildings | 22 | €4,282 | €4,964 | +€682 | +15.9% |
| Plant, machinery and equipment | 23 | €29,475 | €45,983 | +€16,508 | +56.0% |
| Furniture and vehicles | 24 | €73,826 | €54,238 | -€19,589 | -26.5% |
| Leasing and similar rights | 25 | €93,325 | €74,125 | -€19,200 | -20.6% |
| Other tangible fixed assets | 26 | - | €5,751 | +€5,751 | |
| Financial fixed assets | 28 | €33,800 | €50,000 | +€16,200 | +47.9% |
| Current assets | 29/58 | €448,504 | €325,634 | -€122,870 | -27.4% |
| Amounts receivable after more than one year | 29 | €7,000 | €15,000 | +€8,000 | +114% |
| Other amounts receivable | 291 | €7,000 | €15,000 | +€8,000 | +114% |
| Amounts receivable within one year | 40/41 | €413,257 | €279,157 | -€134,100 | -32.4% |
| Trade receivables | 40 | €323,813 | €258,713 | -€65,100 | -20.1% |
| Other amounts receivable | 41 | €89,444 | €20,443 | -€69,001 | -77.1% |
| Cash at bank and in hand | 54/58 | €7,980 | €5,686 | -€2,293 | -28.7% |
| Deferred charges and accrued income | 490/1 | €20,267 | €25,791 | +€5,523 | +27.3% |
| Total equity and liabilities | 10/49 | €683,213 | €560,694 | -€122,518 | -17.9% |
| Equity | 10/15 | €79,177 | €156,009 | +€76,832 | +97.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €59,177 | €136,009 | +€76,832 | +130% |
| Distributable reserves | 133 | €59,177 | €136,009 | +€76,832 | +130% |
| Amounts payable | 17/49 | €604,036 | €404,685 | -€199,351 | -33.0% |
| Amounts payable after more than one year | 17 | €79,582 | €55,830 | -€23,752 | -29.8% |
| Financial debts | 170/4 | €79,582 | €55,830 | -€23,752 | -29.8% |
| Amounts payable within one year | 42/48 | €524,454 | €348,855 | -€175,599 | -33.5% |
| Current portion of amounts payable after more than one year | 42 | €38,911 | €26,440 | -€12,471 | -32.0% |
| Financial debts | 43 | €20,169 | - | -€20,169 | |
| Credit institutions | 430/8 | €20,169 | - | -€20,169 | |
| Trade debts | 44 | €264,612 | €92,986 | -€171,626 | -64.9% |
| Suppliers | 440/4 | €264,612 | €92,986 | -€171,626 | -64.9% |
| Taxes, remuneration and social security | 45 | €174,614 | €218,238 | +€43,624 | +25.0% |
| Taxes | 450/3 | €67,407 | €89,090 | +€21,682 | +32.2% |
| Remuneration and social security | 454/9 | €107,207 | €129,148 | +€21,942 | +20.5% |
| Other amounts payable | 47/48 | €26,148 | €11,191 | -€14,957 | -57.2% |
| Non-recurring operating income | 76A | €73,500 | - | -€73,500 | |
| Remuneration, social security and pensions | 62 | €811,713 | €842,238 | +€30,525 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,210 | €46,756 | +€24,546 | +111% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €131,253 | - | -€131,253 | |
| Other operating charges | 640/8 | €224,852 | €347,265 | +€122,413 | +54.4% |
| Non-recurring operating charges | 66A | €11,633 | - | -€11,633 | |
| Gross operating margin | 9900 | €1,349,004 | €1,379,286 | +€30,281 | +2.2% |
| Operating profit (loss) | 9901 | €147,343 | €143,027 | -€4,317 | -2.9% |
| Financial income | 75/76B | €368 | €480 | +€112 | +30.4% |
| Recurring financial income | 75 | €368 | €480 | +€112 | +30.4% |
| Financial charges | 65/66B | €29,669 | €24,262 | -€5,407 | -18.2% |
| Recurring financial charges | 65 | €29,669 | €24,262 | -€5,407 | -18.2% |
| Profit (loss) for the period before taxes | 9903 | €118,042 | €119,244 | +€1,202 | +1.0% |
| Income taxes | 67/77 | €46,010 | €42,412 | -€3,599 | -7.8% |
| Profit (loss) for the period | 9904 | €72,032 | €76,832 | +€4,801 | +6.7% |
| Profit (loss) for the period to be appropriated | 9905 | €72,032 | €76,832 | +€4,801 | +6.7% |
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 27 October 2026 via checked.be.