MR-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.
MR-LOGISTICS
Largest movements
- Tangible fixed assets -€26,467
down €26,467 (-65.9%), from €40,156 to €13,689
- Receivables within one year -€4,500
down €4,500 (-42.4%), from €10,624 to €6,124
- Cash +€2,830
up €2,830 (+34.7%), from €8,151 to €10,981
mainly Investment in fixed assets (net) (+€21,938) and Net result for the year (+€7,436)
- Trade debts -€32,083
no longer reported in 2025 (was €32,083)
- Tax, wage and social debts -€8,099
down €8,099 (-75.4%), from €10,744 to €2,645
of which Taxes: -€6,699
- Profit (loss) carried forward +€7,436
up €7,436 (+76.5%), from €9,713 to €17,149
- Other debts +€4,400
up €4,400 (+87.0%), from €5,056 to €9,456
- Gross operating margin -€10,984
down €10,984 (-41.9%), from €26,211 to €15,226
- Other operating charges -€1,813
down €1,813 (-65.7%), from €2,760 to €946
- Taxes -€1,233
down €1,233 (-38.5%), from €3,201 to €1,968
- Depreciation +€270
up €270 (+6.0%), from €4,469 to €4,739
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.
Cash bridge derived
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 | €59,597 | €31,251 | -€28,346 | -47.6% |
| Formation expenses | 20 | €665 | €455 | -€210 | -31.6% |
| Fixed assets | 21/28 | €40,156 | €13,689 | -€26,467 | -65.9% |
| Tangible fixed assets | 22/27 | €40,156 | €13,689 | -€26,467 | -65.9% |
| Furniture and vehicles | 24 | €40,156 | €13,689 | -€26,467 | -65.9% |
| Current assets | 29/58 | €18,775 | €17,106 | -€1,670 | -8.9% |
| Amounts receivable within one year | 40/41 | €10,624 | €6,124 | -€4,500 | -42.4% |
| Trade receivables | 40 | €10,624 | €6,124 | -€4,500 | -42.4% |
| Cash at bank and in hand | 54/58 | €8,151 | €10,981 | +€2,830 | +34.7% |
| Total equity and liabilities | 10/49 | €59,597 | €31,251 | -€28,346 | -47.6% |
| Equity | 10/15 | €11,713 | €19,149 | +€7,436 | +63.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,713 | €17,149 | +€7,436 | +76.5% |
| Amounts payable | 17/49 | €47,883 | €12,102 | -€35,782 | -74.7% |
| Amounts payable within one year | 42/48 | €47,883 | €12,102 | -€35,782 | -74.7% |
| Trade debts | 44 | €32,083 | - | -€32,083 | |
| Suppliers | 440/4 | €32,083 | - | -€32,083 | |
| Taxes, remuneration and social security | 45 | €10,744 | €2,645 | -€8,099 | -75.4% |
| Taxes | 450/3 | €9,344 | €2,645 | -€6,699 | -71.7% |
| Remuneration and social security | 454/9 | €1,400 | - | -€1,400 | |
| Other amounts payable | 47/48 | €5,056 | €9,456 | +€4,400 | +87.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,469 | €4,739 | +€270 | +6.0% |
| Other operating charges | 640/8 | €2,760 | €946 | -€1,813 | -65.7% |
| Gross operating margin | 9900 | €26,211 | €15,226 | -€10,984 | -41.9% |
| Operating profit (loss) | 9901 | €18,983 | €9,541 | -€9,441 | -49.7% |
| Financial charges | 65/66B | €126 | €138 | +€12 | +9.6% |
| Recurring financial charges | 65 | €126 | €138 | +€12 | +9.6% |
| Profit (loss) for the period before taxes | 9903 | €18,857 | €9,403 | -€9,453 | -50.1% |
| Income taxes | 67/77 | €3,201 | €1,968 | -€1,233 | -38.5% |
| Profit (loss) for the period | 9904 | €15,656 | €7,436 | -€8,221 | -52.5% |
| Profit (loss) for the period to be appropriated | 9905 | €15,656 | €7,436 | -€8,221 | -52.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.