MANAGEMENT & LOGISTICS: what changed
Two fiscal 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.
What changed
MANAGEMENT & LOGISTICS
NACE 68.110, Buying and selling of own real estate
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€49,342
2023 · €77,942-€127,284
Equity
-€583,270
2023 · -€533,928-€49,342
Cash
-
2023 · €4,257-€4,257
Balance sheet total
€2.0m
2023 · €1.6m+€375,004
Largest movements
Assets
- Receivables within one year +€385,842
up €385,842 (+34.6%), from €1.1m to €1.5m
of which Trade receivables: +€203,501
Equity and liabilities
- Other debts +€384,813
up €384,813 (+21.0%), from €1.8m to €2.2m
- Profit (loss) carried forward -€49,342
down €49,342 (-8.3%), from -€597,211 to -€646,553
- Trade debts +€30,068
up €30,068 (+9.4%), from €318,835 to €348,903
Income statement
- Gross operating margin -€150,247
down €150,247 (-60.2%), from €249,631 to €99,384
- Financial charges -€38,294
down €38,294 (-89.6%), from €42,753 to €4,459
- Staff costs +€29,463
up €29,463 (+22.1%), from €133,295 to €162,758
- Financial income +€15,464
up €15,464 (+96.5%), from €16,027 to €31,491
From the 2023 result to the 2024 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.
Result 2023
€77,942
Gross operating margin
-€150,247
Staff costs
-€29,463
Depreciation
-€283
Other operating charges
-€1,049
Financial income
+€15,464
Financial charges
+€38,294
Result 2024
-€49,342
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€454
Investment
-€2,078
Financing
-€1,724
Cash 2023
€4,257
From operations (derived)
-€454
Net result for the year
-€49,342
Depreciation
+€11,566
Receivables after one year
-€7,261
Receivables within one year
-€385,842
Deferred charges and accrued income
+€4,354
Trade debts
+€30,068
Tax, wage and social debts
+€511
Advances received
+€10,678
Other debts
+€384,813
Investment (derived)
-€2,078
Investment in fixed assets (net)
-€2,078
Financing
-€1,724
Short-term financial debts
-€1,724
Cash 2024
€0
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,643,722 | €2,018,726 | +€375,004 | +22.8% |
| Fixed assets | 21/28 | €107,991 | €98,504 | -€9,487 | -8.8% |
| Intangible fixed assets | 21 | €39,069 | €33,327 | -€5,743 | -14.7% |
| Tangible fixed assets | 22/27 | €36,741 | €32,996 | -€3,745 | -10.2% |
| Plant, machinery and equipment | 23 | €33,073 | €28,526 | -€4,548 | -13.8% |
| Furniture and vehicles | 24 | €3,667 | €4,470 | +€803 | +21.9% |
| Financial fixed assets | 28 | €32,182 | €32,182 | = | 0.0% |
| Current assets | 29/58 | €1,535,730 | €1,920,222 | +€384,492 | +25.0% |
| Amounts receivable after more than one year | 29 | €279,193 | €286,454 | +€7,261 | +2.6% |
| Other amounts receivable | 291 | €279,193 | €286,454 | +€7,261 | +2.6% |
| Amounts receivable within one year | 40/41 | €1,115,394 | €1,501,236 | +€385,842 | +34.6% |
| Trade receivables | 40 | €781,146 | €984,647 | +€203,501 | +26.1% |
| Other amounts receivable | 41 | €334,247 | €516,589 | +€182,341 | +54.6% |
| Cash at bank and in hand | 54/58 | €4,257 | - | -€4,257 | |
| Deferred charges and accrued income | 490/1 | €136,887 | €132,532 | -€4,354 | -3.2% |
| Total equity and liabilities | 10/49 | €1,643,722 | €2,018,726 | +€375,004 | +22.8% |
| Equity | 10/15 | -€533,928 | -€583,270 | -€49,342 | -9.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,283 | €1,283 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,283 | €1,283 | = | 0.0% |
| Legal reserve | 130 | €1,283 | €1,283 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€597,211 | -€646,553 | -€49,342 | -8.3% |
| Amounts payable | 17/49 | €2,177,649 | €2,601,996 | +€424,347 | +19.5% |
| Amounts payable within one year | 42/48 | €2,177,649 | €2,601,996 | +€424,347 | +19.5% |
| Financial debts | 43 | €2,623 | €898 | -€1,724 | -65.7% |
| Credit institutions | 430/8 | €2,623 | €898 | -€1,724 | -65.7% |
| Trade debts | 44 | €318,835 | €348,903 | +€30,068 | +9.4% |
| Suppliers | 440/4 | €318,835 | €348,903 | +€30,068 | +9.4% |
| Advances received on contracts in progress | 46 | €4,670 | €15,348 | +€10,678 | +228.7% |
| Taxes, remuneration and social security | 45 | €16,335 | €16,846 | +€511 | +3.1% |
| Remuneration and social security | 454/9 | €16,335 | €16,846 | +€511 | +3.1% |
| Other amounts payable | 47/48 | €1,835,187 | €2,220,000 | +€384,813 | +21.0% |
| Remuneration, social security and pensions | 62 | €133,295 | €162,758 | +€29,463 | +22.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,283 | €11,566 | +€283 | +2.5% |
| Other operating charges | 640/8 | €384 | €1,433 | +€1,049 | +272.8% |
| Gross operating margin | 9900 | €249,631 | €99,384 | -€150,247 | -60.2% |
| Operating profit (loss) | 9901 | €104,668 | -€76,374 | -€181,042 | |
| Financial income | 75/76B | €16,027 | €31,491 | +€15,464 | +96.5% |
| Recurring financial income | 75 | €16,027 | €31,491 | +€15,464 | +96.5% |
| Financial charges | 65/66B | €42,753 | €4,459 | -€38,294 | -89.6% |
| Recurring financial charges | 65 | €42,753 | €4,459 | -€38,294 | -89.6% |
| Profit (loss) for the period before taxes | 9903 | €77,942 | -€49,342 | -€127,284 | |
| Profit (loss) for the period | 9904 | €77,942 | -€49,342 | -€127,284 | |
| Profit (loss) for the period to be appropriated | 9905 | €77,942 | -€49,342 | -€127,284 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.