RELIEF AND 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.
RELIEF AND LOGISTICS
Largest movements
- Cash +€33,301
up €33,301 (+217%), from €15,338 to €48,639
mainly Net result for the year (+€78,102) and Other debts (+€31,324)
- Tangible fixed assets +€32,790
up €32,790 (+17.2%), from €191,053 to €223,842
of which Furniture and vehicles: +€27,484
- Receivables within one year +€18,386
up €18,386 (+44.7%), from €41,149 to €59,535
of which Other amounts receivable: +€12,940
- Reserves +€134,873
up €134,873 (+273%), from €49,454 to €184,328
- Profit (loss) carried forward -€97,383
no longer reported in 2025 (was €97,383)
- Other debts +€31,324
new in 2025: €31,324
- Trade debts +€12,921
up €12,921 (+55.0%), from €23,512 to €36,433
- Tax, wage and social debts +€8,932
up €8,932 (+266%), from €3,364 to €12,296
of which Taxes: +€8,932
- Gross operating margin +€121,669
up €121,669, from -€11,919 to €109,750
- Taxes +€20,873
up €20,873 (+14,046%), from €149 to €21,021
- Other operating charges -€17,329
down €17,329 (-81.6%), from €21,224 to €3,895
- Depreciation +€2,986
up €2,986 (+76.8%), from €3,888 to €6,874
- Financial charges -€1,667
down €1,667 (-34.3%), from €4,860 to €3,193
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.
Derived cash bridge
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 | €306,138 | €392,725 | +€86,588 | +28.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €191,303 | €224,092 | +€32,790 | +17.1% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €191,053 | €223,842 | +€32,790 | +17.2% |
| Land and buildings | 22 | €146,386 | €145,292 | -€1,094 | -0.7% |
| Plant, machinery and equipment | 23 | €1,043 | €3,424 | +€2,381 | +228% |
| Furniture and vehicles | 24 | €43,624 | €71,108 | +€27,484 | +63.0% |
| Other tangible fixed assets | 26 | - | €4,019 | +€4,019 | |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €114,835 | €168,633 | +€53,798 | +46.8% |
| Amounts receivable after more than one year | 29 | €54,242 | €55,598 | +€1,356 | +2.5% |
| Other amounts receivable | 291 | €54,242 | €55,598 | +€1,356 | +2.5% |
| Amounts receivable within one year | 40/41 | €41,149 | €59,535 | +€18,386 | +44.7% |
| Trade receivables | 40 | €9,438 | €14,884 | +€5,446 | +57.7% |
| Other amounts receivable | 41 | €31,711 | €44,651 | +€12,940 | +40.8% |
| Current investments | 50/53 | €1,000 | €1,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €15,338 | €48,639 | +€33,301 | +217% |
| Deferred charges and accrued income | 490/1 | €3,107 | €3,862 | +€755 | +24.3% |
| Total equity and liabilities | 10/49 | €306,138 | €392,725 | +€86,588 | +28.3% |
| Equity | 10/15 | €165,430 | €202,920 | +€37,490 | +22.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €49,454 | €184,328 | +€134,873 | +273% |
| Distributable reserves | 133 | €49,454 | €184,328 | +€134,873 | +273% |
| Profit (loss) carried forward | 14 | €97,383 | - | -€97,383 | |
| Amounts payable | 17/49 | €140,708 | €189,806 | +€49,097 | +34.9% |
| Amounts payable after more than one year | 17 | €105,577 | €97,794 | -€7,783 | -7.4% |
| Financial debts | 170/4 | €105,577 | €97,794 | -€7,783 | -7.4% |
| Amounts payable within one year | 42/48 | €34,511 | €92,012 | +€57,500 | +167% |
| Current portion of amounts payable after more than one year | 42 | €7,636 | €11,959 | +€4,323 | +56.6% |
| Trade debts | 44 | €23,512 | €36,433 | +€12,921 | +55.0% |
| Suppliers | 440/4 | €23,512 | €36,433 | +€12,921 | +55.0% |
| Taxes, remuneration and social security | 45 | €3,364 | €12,296 | +€8,932 | +266% |
| Taxes | 450/3 | €2,364 | €11,296 | +€8,932 | +378% |
| Remuneration and social security | 454/9 | €1,000 | €1,000 | = | 0.0% |
| Other amounts payable | 47/48 | - | €31,324 | +€31,324 | |
| Accrued charges and deferred income | 492/3 | €620 | - | -€620 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,888 | €6,874 | +€2,986 | +76.8% |
| Other operating charges | 640/8 | €21,224 | €3,895 | -€17,329 | -81.6% |
| Gross operating margin | 9900 | -€11,919 | €109,750 | +€121,669 | |
| Operating profit (loss) | 9901 | -€37,031 | €98,981 | +€136,012 | |
| Financial income | 75/76B | €2,901 | €3,336 | +€434 | +15.0% |
| Recurring financial income | 75 | €2,901 | €3,336 | +€434 | +15.0% |
| Financial charges | 65/66B | €4,860 | €3,193 | -€1,667 | -34.3% |
| Recurring financial charges | 65 | €4,860 | €3,193 | -€1,667 | -34.3% |
| Profit (loss) for the period before taxes | 9903 | -€38,990 | €99,123 | +€138,113 | |
| Income taxes | 67/77 | €149 | €21,021 | +€20,873 | +14,046% |
| Profit (loss) for the period | 9904 | -€39,138 | €78,102 | +€117,240 | |
| Profit (loss) for the period to be appropriated | 9905 | -€39,138 | €78,102 | +€117,240 |
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 30 October 2026 via checked.be.