ND 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.
ND Logistics
Largest movements
- Receivables within one year +€35,760
up €35,760 (+33.5%), from €106,589 to €142,349
of which Trade receivables: +€35,211
- Cash +€6,778
up €6,778 (+866.3%), from €782 to €7,561
mainly Net result for the year (+€19,979) and Tax, wage and social debts (+€17,003)
- Reserves +€19,500
up €19,500 (+86.7%), from €22,500 to €42,000
- Tax, wage and social debts +€17,003
up €17,003 (+181.6%), from €9,364 to €26,367
- Trade debts +€5,557
up €5,557 (+20.1%), from €27,615 to €33,172
- Gross operating margin +€9,820
up €9,820 (+55.3%), from €17,758 to €27,577
- Taxes +€3,009
up €3,009 (+65.1%), from €4,620 to €7,629
- Other operating charges -€530
no longer reported in 2025 (was €530)
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 | €107,371 | €149,910 | +€42,539 | +39.6% |
| Current assets | 29/58 | €107,371 | €149,910 | +€42,539 | +39.6% |
| Amounts receivable within one year | 40/41 | €106,589 | €142,349 | +€35,760 | +33.5% |
| Trade receivables | 40 | €98,029 | €133,240 | +€35,211 | +35.9% |
| Other amounts receivable | 41 | €8,560 | €9,109 | +€549 | +6.4% |
| Cash at bank and in hand | 54/58 | €782 | €7,561 | +€6,778 | +866.3% |
| Total equity and liabilities | 10/49 | €107,371 | €149,910 | +€42,539 | +39.6% |
| Equity | 10/15 | €24,117 | €44,096 | +€19,979 | +82.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €22,500 | €42,000 | +€19,500 | +86.7% |
| Distributable reserves | 133 | €22,500 | €42,000 | +€19,500 | +86.7% |
| Profit (loss) carried forward | 14 | €617 | €1,096 | +€479 | +77.5% |
| Amounts payable | 17/49 | €83,254 | €105,814 | +€22,560 | +27.1% |
| Amounts payable within one year | 42/48 | €83,254 | €105,814 | +€22,560 | +27.1% |
| Trade debts | 44 | €27,615 | €33,172 | +€5,557 | +20.1% |
| Suppliers | 440/4 | €27,615 | €33,172 | +€5,557 | +20.1% |
| Taxes, remuneration and social security | 45 | €9,364 | €26,367 | +€17,003 | +181.6% |
| Taxes | 450/3 | €9,364 | €26,367 | +€17,003 | +181.6% |
| Other amounts payable | 47/48 | €46,275 | €46,275 | = | 0.0% |
| Other operating charges | 640/8 | €530 | - | -€530 | |
| Gross operating margin | 9900 | €17,758 | €27,577 | +€9,820 | +55.3% |
| Operating profit (loss) | 9901 | €17,228 | €27,577 | +€10,349 | +60.1% |
| Financial income | 75/76B | - | €31 | +€31 | |
| Recurring financial income | 75 | - | €31 | +€31 | |
| Financial charges | 65/66B | €82 | - | -€82 | |
| Recurring financial charges | 65 | €82 | - | -€82 | |
| Profit (loss) for the period before taxes | 9903 | €17,146 | €27,608 | +€10,462 | +61.0% |
| Income taxes | 67/77 | €4,620 | €7,629 | +€3,009 | +65.1% |
| Profit (loss) for the period | 9904 | €12,526 | €19,979 | +€7,453 | +59.5% |
| Profit (loss) for the period to be appropriated | 9905 | €12,526 | €19,979 | +€7,453 | +59.5% |
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 8 October 2026 via checked.be.