Nordic 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.
Nordic Logistics
Largest movements
- Receivables within one year -€184,037
down €184,037 (-62.8%), from €293,045 to €109,008
of which Trade receivables: -€199,666
- Trade debts -€107,791
down €107,791 (-70.8%), from €152,241 to €44,450
- Other debts +€60,000
up €60,000 (+514.2%), from €11,668 to €71,668
- Reserves -€54,555
down €54,555 (-79.3%), from €68,762 to €14,207
- Advances received -€52,418
down €52,418 (-94.0%), from €55,783 to €3,365
- Tax, wage and social debts -€29,816
down €29,816 (-43.7%), from €68,295 to €38,478
of which Taxes: -€30,809
- Financial charges -€28,982
down €28,982 (-98.0%), from €29,570 to €588
of which Non-recurring financial charges: -€29,135
- Staff costs +€28,409
up €28,409 (+10.0%), from €283,938 to €312,347
- Gross operating margin -€12,943
down €12,943 (-3.7%), from €346,658 to €333,714
- Taxes -€9,421
down €9,421 (-74.3%), from €12,673 to €3,252
- Depreciation +€3,532
up €3,532 (+82.3%), from €4,292 to €7,825
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 | €411,749 | €227,169 | -€184,580 | -44.8% |
| Formation expenses | 20 | €761 | €271 | -€490 | -64.4% |
| Fixed assets | 21/28 | €42,234 | €42,143 | -€91 | -0.2% |
| Tangible fixed assets | 22/27 | €42,234 | €42,143 | -€91 | -0.2% |
| Plant, machinery and equipment | 23 | €42,234 | €42,143 | -€91 | -0.2% |
| Current assets | 29/58 | €368,755 | €184,755 | -€184,000 | -49.9% |
| Amounts receivable within one year | 40/41 | €293,045 | €109,008 | -€184,037 | -62.8% |
| Trade receivables | 40 | €278,260 | €78,594 | -€199,666 | -71.8% |
| Other amounts receivable | 41 | €14,784 | €30,414 | +€15,629 | +105.7% |
| Cash at bank and in hand | 54/58 | €75,710 | €73,717 | -€1,993 | -2.6% |
| Deferred charges and accrued income | 490/1 | - | €2,030 | +€2,030 | |
| Total equity and liabilities | 10/49 | €411,749 | €227,169 | -€184,580 | -44.8% |
| Equity | 10/15 | €123,762 | €69,207 | -€54,555 | -44.1% |
| Contributions | 10/11 | €55,000 | €55,000 | = | 0.0% |
| Reserves | 13 | €68,762 | €14,207 | -€54,555 | -79.3% |
| Distributable reserves | 133 | €68,762 | €14,207 | -€54,555 | -79.3% |
| Amounts payable | 17/49 | €287,987 | €157,961 | -€130,025 | -45.1% |
| Amounts payable within one year | 42/48 | €287,987 | €157,961 | -€130,025 | -45.1% |
| Trade debts | 44 | €152,241 | €44,450 | -€107,791 | -70.8% |
| Suppliers | 440/4 | €152,241 | €44,450 | -€107,791 | -70.8% |
| Advances received on contracts in progress | 46 | €55,783 | €3,365 | -€52,418 | -94.0% |
| Taxes, remuneration and social security | 45 | €68,295 | €38,478 | -€29,816 | -43.7% |
| Taxes | 450/3 | €48,831 | €18,022 | -€30,809 | -63.1% |
| Remuneration and social security | 454/9 | €19,464 | €20,457 | +€993 | +5.1% |
| Other amounts payable | 47/48 | €11,668 | €71,668 | +€60,000 | +514.2% |
| Remuneration, social security and pensions | 62 | €283,938 | €312,347 | +€28,409 | +10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,292 | €7,825 | +€3,532 | +82.3% |
| Other operating charges | 640/8 | €5,549 | €5,762 | +€213 | +3.8% |
| Gross operating margin | 9900 | €346,658 | €333,714 | -€12,943 | -3.7% |
| Operating profit (loss) | 9901 | €52,879 | €7,781 | -€45,099 | -85.3% |
| Financial income | 75/76B | €1,087 | €1,504 | +€418 | +38.4% |
| Recurring financial income | 75 | €1,087 | €1,504 | +€418 | +38.4% |
| Financial charges | 65/66B | €29,570 | €588 | -€28,982 | -98.0% |
| Recurring financial charges | 65 | €435 | €588 | +€153 | +35.1% |
| Non-recurring financial charges | 66B | €29,135 | - | -€29,135 | |
| Profit (loss) for the period before taxes | 9903 | €24,395 | €8,697 | -€15,698 | -64.3% |
| Income taxes | 67/77 | €12,673 | €3,252 | -€9,421 | -74.3% |
| Profit (loss) for the period | 9904 | €11,722 | €5,445 | -€6,277 | -53.5% |
| Profit (loss) for the period to be appropriated | 9905 | €11,722 | €5,445 | -€6,277 | -53.5% |
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 12 October 2026 via checked.be.