REFERENCE TRANSPORT LOGISTIQUE & DELIVERY: what changed
REFERENCE TRANSPORT LOGISTIQUE & DELIVERY
Largest movements
- Tangible fixed assets +€24,817
up €24,817 (+620%), from €4,000 to €28,817
- Receivables within one year +€16,897
up €16,897 (+47.9%), from €35,295 to €52,192
of which Other amounts receivable: +€14,729
- Cash -€1,188
down €1,188 (-14.6%), from €8,122 to €6,934
mainly Investment in fixed assets (net) (-€32,145) and Receivables within one year (-€16,897)
- Debts after one year +€18,941
new in 2025: €18,941
- Profit (loss) carried forward +€11,431
up €11,431 (+65.4%), from €17,487 to €28,918
- Current portion of long-term debt +€8,939
new in 2025: €8,939
- Tax, wage and social debts +€3,195
up €3,195 (+67.7%), from €4,722 to €7,917
- Trade debts -€1,981
down €1,981 (-30.0%), from €6,608 to €4,627
- Depreciation +€3,328
up €3,328 (+83.2%), from €4,000 to €7,328
- Financial income +€1,977
new in 2025: €1,977
- Gross operating margin -€399
down €399 (-1.9%), from €20,583 to €20,183
- Taxes -€211
down €211 (-5.9%), from €3,590 to €3,379
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €47,863 | €88,388 | +€40,526 | +84.7% |
| Fixed assets | 21/28 | €4,445 | €29,262 | +€24,817 | +558% |
| Tangible fixed assets | 22/27 | €4,000 | €28,817 | +€24,817 | +620% |
| Furniture and vehicles | 24 | €4,000 | €28,817 | +€24,817 | +620% |
| Financial fixed assets | 28 | €445 | €445 | = | 0.0% |
| Current assets | 29/58 | €43,418 | €59,126 | +€15,709 | +36.2% |
| Amounts receivable within one year | 40/41 | €35,295 | €52,192 | +€16,897 | +47.9% |
| Trade receivables | 40 | - | €2,167 | +€2,167 | |
| Other amounts receivable | 41 | €35,295 | €50,024 | +€14,729 | +41.7% |
| Cash at bank and in hand | 54/58 | €8,122 | €6,934 | -€1,188 | -14.6% |
| Total equity and liabilities | 10/49 | €47,863 | €88,388 | +€40,526 | +84.7% |
| Equity | 10/15 | €36,087 | €47,518 | +€11,431 | +31.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,487 | €28,918 | +€11,431 | +65.4% |
| Amounts payable | 17/49 | €11,775 | €40,870 | +€29,095 | +247% |
| Amounts payable after more than one year | 17 | - | €18,941 | +€18,941 | |
| Financial debts | 170/4 | - | €18,941 | +€18,941 | |
| Amounts payable within one year | 42/48 | €11,775 | €21,928 | +€10,153 | +86.2% |
| Current portion of amounts payable after more than one year | 42 | - | €8,939 | +€8,939 | |
| Trade debts | 44 | €6,608 | €4,627 | -€1,981 | -30.0% |
| Suppliers | 440/4 | €6,608 | €4,627 | -€1,981 | -30.0% |
| Taxes, remuneration and social security | 45 | €4,722 | €7,917 | +€3,195 | +67.7% |
| Taxes | 450/3 | €4,722 | €7,917 | +€3,195 | +67.7% |
| Other amounts payable | 47/48 | €445 | €445 | = | 0.0% |
| Non-recurring operating income | 76A | - | €132 | +€132 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,000 | €7,328 | +€3,328 | +83.2% |
| Gross operating margin | 9900 | €20,583 | €20,183 | -€399 | -1.9% |
| Operating profit (loss) | 9901 | €16,583 | €12,855 | -€3,728 | -22.5% |
| Financial income | 75/76B | - | €1,977 | +€1,977 | |
| Recurring financial income | 75 | - | €1,977 | +€1,977 | |
| Financial charges | 65/66B | €113 | €23 | -€90 | -80.0% |
| Recurring financial charges | 65 | €113 | €23 | -€90 | -80.0% |
| Profit (loss) for the period before taxes | 9903 | €16,470 | €14,810 | -€1,660 | -10.1% |
| Income taxes | 67/77 | €3,590 | €3,379 | -€211 | -5.9% |
| Profit (loss) for the period | 9904 | €12,880 | €11,431 | -€1,449 | -11.2% |
| Profit (loss) for the period to be appropriated | 9905 | €12,880 | €11,431 | -€1,449 | -11.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.