S.I. 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.
S.I. LOGISTICS
Largest movements
- Tangible fixed assets -€193,610
down €193,610 (-13.8%), from €1.4m to €1.2m
of which Leasing and similar rights: -€215,526
- Receivables within one year +€69,381
up €69,381 (+17.3%), from €401,021 to €470,402
of which Trade receivables: +€68,936
- Cash -€65,387
down €65,387 (-80.2%), from €81,515 to €16,128
mainly Debts after one year (-€437,440) and Investment in fixed assets (net) (-€101,498)
- Debts after one year -€437,440
down €437,440 (-56.0%), from €781,079 to €343,640
- Tax, wage and social debts +€138,694
up €138,694 (+64.2%), from €216,058 to €354,751
of which Remuneration and social security: +€117,500
- Current portion of long-term debt +€37,744
up €37,744 (+7.2%), from €524,142 to €561,886
- Profit (loss) carried forward +€34,466
up €34,466 (+20.1%), from €171,177 to €205,643
- Reserves +€30,000
up €30,000 (+50.0%), from €60,000 to €90,000
- Turnover +€3.0m
up €3.0m (+288%), from €1.0m to €4.0m
- Purchases and services +€2.1m
up €2.1m (+453%), from €459,449 to €2.5m
- Gross operating margin +€1.0m
up €1.0m (+169%), from €602,076 to €1.6m
- Staff costs +€899,513
up €899,513 (+482%), from €186,790 to €1.1m
- Depreciation +€209,410
up €209,410 (+254%), from €82,553 to €291,963
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,926,687 | €1,737,586 | -€189,101 | -9.8% |
| Fixed assets | 21/28 | €1,431,898 | €1,241,433 | -€190,465 | -13.3% |
| Tangible fixed assets | 22/27 | €1,406,558 | €1,212,947 | -€193,610 | -13.8% |
| Plant, machinery and equipment | 23 | - | €5,203 | +€5,203 | |
| Furniture and vehicles | 24 | €68,349 | €85,062 | +€16,713 | +24.5% |
| Leasing and similar rights | 25 | €1,338,209 | €1,122,683 | -€215,526 | -16.1% |
| Financial fixed assets | 28 | €25,341 | €28,486 | +€3,145 | +12.4% |
| Current assets | 29/58 | €494,789 | €496,153 | +€1,364 | +0.3% |
| Amounts receivable within one year | 40/41 | €401,021 | €470,402 | +€69,381 | +17.3% |
| Trade receivables | 40 | €384,465 | €453,402 | +€68,936 | +17.9% |
| Other amounts receivable | 41 | €16,555 | €17,000 | +€445 | +2.7% |
| Cash at bank and in hand | 54/58 | €81,515 | €16,128 | -€65,387 | -80.2% |
| Deferred charges and accrued income | 490/1 | €12,253 | €9,623 | -€2,630 | -21.5% |
| Total equity and liabilities | 10/49 | €1,926,687 | €1,737,586 | -€189,101 | -9.8% |
| Equity | 10/15 | €246,177 | €310,643 | +€64,466 | +26.2% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €60,000 | €90,000 | +€30,000 | +50.0% |
| Distributable reserves | 133 | €60,000 | €90,000 | +€30,000 | +50.0% |
| Profit (loss) carried forward | 14 | €171,177 | €205,643 | +€34,466 | +20.1% |
| Amounts payable | 17/49 | €1,680,510 | €1,426,942 | -€253,567 | -15.1% |
| Amounts payable after more than one year | 17 | €781,079 | €343,640 | -€437,440 | -56.0% |
| Financial debts | 170/4 | €781,079 | €343,640 | -€437,440 | -56.0% |
| Amounts payable within one year | 42/48 | €898,851 | €1,083,303 | +€184,452 | +20.5% |
| Current portion of amounts payable after more than one year | 42 | €524,142 | €561,886 | +€37,744 | +7.2% |
| Trade debts | 44 | €152,191 | €162,527 | +€10,336 | +6.8% |
| Suppliers | 440/4 | €152,191 | €162,527 | +€10,336 | +6.8% |
| Taxes, remuneration and social security | 45 | €216,058 | €354,751 | +€138,694 | +64.2% |
| Taxes | 450/3 | €180,236 | €201,430 | +€21,194 | +11.8% |
| Remuneration and social security | 454/9 | €35,821 | €153,321 | +€117,500 | +328% |
| Other amounts payable | 47/48 | €6,461 | €4,139 | -€2,322 | -35.9% |
| Accrued charges and deferred income | 492/3 | €579 | - | -€579 | |
| Turnover | 70 | €1,041,886 | €4,041,829 | +€3.0m | +288% |
| Goods, raw materials, services and sundry goods | 60/61 | €459,449 | €2,538,730 | +€2.1m | +453% |
| Remuneration, social security and pensions | 62 | €186,790 | €1,086,303 | +€899,513 | +482% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,553 | €291,963 | +€209,410 | +254% |
| Other operating charges | 640/8 | €2,194 | €51,365 | +€49,172 | +2,241% |
| Gross operating margin | 9900 | €602,076 | €1,620,113 | +€1.0m | +169% |
| Operating profit (loss) | 9901 | €330,539 | €190,482 | -€140,057 | -42.4% |
| Financial income | 75/76B | €0 | €2 | +€1 | +348% |
| Recurring financial income | 75 | €0 | €2 | +€1 | +348% |
| Financial charges | 65/66B | €19,625 | €84,926 | +€65,301 | +333% |
| Recurring financial charges | 65 | €19,625 | €84,926 | +€65,301 | +333% |
| Profit (loss) for the period before taxes | 9903 | €310,914 | €105,558 | -€205,356 | -66.0% |
| Income taxes | 67/77 | €79,737 | €41,092 | -€38,645 | -48.5% |
| Profit (loss) for the period | 9904 | €231,177 | €64,466 | -€166,711 | -72.1% |
| Profit (loss) for the period to be appropriated | 9905 | €231,177 | €64,466 | -€166,711 | -72.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.