P-LOGISTIQUE: 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.
P-LOGISTIQUE
Largest movements
- Receivables within one year -€437,042
down €437,042 (-61.8%), from €707,733 to €270,691
of which Trade receivables: -€440,888
- Cash +€62,641
up €62,641 (+192%), from €32,578 to €95,219
mainly Receivables within one year (+€437,042) and Tax, wage and social debts (+€27,832)
- Tangible fixed assets -€12,393
down €12,393 (-49.9%), from €24,845 to €12,451
of which Furniture and vehicles: -€7,854
- Trade debts -€436,494
down €436,494 (-74.6%), from €585,143 to €148,649
- Tax, wage and social debts +€27,832
up €27,832 (+74.2%), from €37,518 to €65,351
of which Taxes: +€25,039
- Reserves +€24,885
up €24,885 (+18.9%), from €131,919 to €156,803
- Gross operating margin +€58,397
up €58,397 (+7.9%), from €737,040 to €795,436
- Staff costs +€51,719
up €51,719 (+7.7%), from €675,604 to €727,323
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €791,979 | €408,443 | -€383,536 | -48.4% |
| Fixed assets | 21/28 | €24,845 | €12,451 | -€12,393 | -49.9% |
| Tangible fixed assets | 22/27 | €24,845 | €12,451 | -€12,393 | -49.9% |
| Plant, machinery and equipment | 23 | €9,050 | €4,510 | -€4,540 | -50.2% |
| Furniture and vehicles | 24 | €15,795 | €7,941 | -€7,854 | -49.7% |
| Current assets | 29/58 | €767,135 | €395,992 | -€371,143 | -48.4% |
| Amounts receivable within one year | 40/41 | €707,733 | €270,691 | -€437,042 | -61.8% |
| Trade receivables | 40 | €706,663 | €265,774 | -€440,888 | -62.4% |
| Other amounts receivable | 41 | €1,070 | €4,917 | +€3,846 | +359% |
| Cash at bank and in hand | 54/58 | €32,578 | €95,219 | +€62,641 | +192% |
| Deferred charges and accrued income | 490/1 | €26,823 | €30,081 | +€3,259 | +12.1% |
| Total equity and liabilities | 10/49 | €791,979 | €408,443 | -€383,536 | -48.4% |
| Equity | 10/15 | €167,919 | €192,803 | +€24,885 | +14.8% |
| Contributions | 10/11 | €36,000 | €36,000 | = | 0.0% |
| Reserves | 13 | €131,919 | €156,803 | +€24,885 | +18.9% |
| Distributable reserves | 133 | €131,919 | €156,803 | +€24,885 | +18.9% |
| Amounts payable | 17/49 | €624,061 | €215,640 | -€408,421 | -65.4% |
| Amounts payable within one year | 42/48 | €622,661 | €214,000 | -€408,661 | -65.6% |
| Trade debts | 44 | €585,143 | €148,649 | -€436,494 | -74.6% |
| Suppliers | 440/4 | €585,143 | €148,649 | -€436,494 | -74.6% |
| Taxes, remuneration and social security | 45 | €37,518 | €65,351 | +€27,832 | +74.2% |
| Taxes | 450/3 | €15,773 | €40,812 | +€25,039 | +159% |
| Remuneration and social security | 454/9 | €21,745 | €24,538 | +€2,793 | +12.8% |
| Accrued charges and deferred income | 492/3 | €1,400 | €1,640 | +€240 | +17.1% |
| Remuneration, social security and pensions | 62 | €675,604 | €727,323 | +€51,719 | +7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,209 | €14,901 | +€692 | +4.9% |
| Other operating charges | 640/8 | €12,680 | €12,928 | +€247 | +1.9% |
| Gross operating margin | 9900 | €737,040 | €795,436 | +€58,397 | +7.9% |
| Operating profit (loss) | 9901 | €34,547 | €40,286 | +€5,739 | +16.6% |
| Financial income | 75/76B | €10 | €11 | +€1 | +6.1% |
| Recurring financial income | 75 | €10 | €11 | +€1 | +6.1% |
| Financial charges | 65/66B | €299 | €327 | +€28 | +9.3% |
| Recurring financial charges | 65 | €299 | €327 | +€28 | +9.3% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €34,257 | €39,969 | +€5,712 | +16.7% |
| Income taxes | 67/77 | €14,282 | €15,084 | +€802 | +5.6% |
| Profit (loss) for the period | 9904 | €19,975 | €24,885 | +€4,910 | +24.6% |
| Profit (loss) for the period to be appropriated | 9905 | €19,975 | €24,885 | +€4,910 | +24.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.