RETHINK 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.
RETHINK LOGISTICS
Largest movements
- Tangible fixed assets -€3,819
no longer reported in 2025 (was €3,819)
- Receivables within one year -€975
down €975 (-76.6%), from €1,273 to €298
of which Trade receivables: -€975
- Cash -€442
down €442 (-86.4%), from €512 to €69
mainly Tax, wage and social debts (-€6,403) and Net result for the year (-€2,013)
- Formation expenses -€167
no longer reported in 2025 (was €167)
- Tax, wage and social debts -€6,403
no longer reported in 2025 (was €6,403)
- Other debts +€2,618
up €2,618 (+26.1%), from €10,015 to €12,632
- Profit (loss) carried forward -€2,013
down €2,013 (-15.3%), from -€13,146 to -€15,159
- Trade debts +€395
new in 2025: €395
- Gross operating margin +€5,627
up €5,627 (+76.0%), from -€7,400 to -€1,773
- Taxes -€4,522
no longer reported in 2025 (was €4,522)
- Depreciation -€2,281
down €2,281 (-93.2%), from €2,448 to €167
- Other operating charges -€780
no longer reported in 2025 (was €780)
- Financial income -€157
no longer reported in 2025 (was €157)
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 | €5,771 | €368 | -€5,403 | -93.6% |
| Formation expenses | 20 | €167 | - | -€167 | |
| Fixed assets | 21/28 | €3,819 | - | -€3,819 | |
| Tangible fixed assets | 22/27 | €3,819 | - | -€3,819 | |
| Furniture and vehicles | 24 | €3,819 | - | -€3,819 | |
| Current assets | 29/58 | €1,785 | €368 | -€1,417 | -79.4% |
| Amounts receivable within one year | 40/41 | €1,273 | €298 | -€975 | -76.6% |
| Trade receivables | 40 | €975 | - | -€975 | |
| Other amounts receivable | 41 | €298 | €298 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €512 | €69 | -€442 | -86.4% |
| Total equity and liabilities | 10/49 | €5,771 | €368 | -€5,403 | -93.6% |
| Equity | 10/15 | -€10,646 | -€12,659 | -€2,013 | -18.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,146 | -€15,159 | -€2,013 | -15.3% |
| Amounts payable | 17/49 | €16,417 | €13,027 | -€3,390 | -20.7% |
| Amounts payable within one year | 42/48 | €16,417 | €13,027 | -€3,390 | -20.7% |
| Trade debts | 44 | - | €395 | +€395 | |
| Suppliers | 440/4 | - | €395 | +€395 | |
| Taxes, remuneration and social security | 45 | €6,403 | - | -€6,403 | |
| Taxes | 450/3 | €6,403 | - | -€6,403 | |
| Other amounts payable | 47/48 | €10,015 | €12,632 | +€2,618 | +26.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,448 | €167 | -€2,281 | -93.2% |
| Other operating charges | 640/8 | €780 | - | -€780 | |
| Gross operating margin | 9900 | -€7,400 | -€1,773 | +€5,627 | +76.0% |
| Operating profit (loss) | 9901 | -€10,628 | -€1,940 | +€8,688 | +81.7% |
| Financial income | 75/76B | €157 | - | -€157 | |
| Recurring financial income | 75 | €157 | - | -€157 | |
| Financial charges | 65/66B | €93 | €73 | -€21 | -22.0% |
| Recurring financial charges | 65 | €93 | €73 | -€21 | -22.0% |
| Profit (loss) for the period before taxes | 9903 | -€10,565 | -€2,013 | +€8,552 | +80.9% |
| Income taxes | 67/77 | €4,522 | - | -€4,522 | |
| Profit (loss) for the period | 9904 | -€15,087 | -€2,013 | +€13,074 | +86.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,087 | -€2,013 | +€13,074 | +86.7% |
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.