SERVICE 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.
SERVICE LOGISTICS
Largest movements
- Receivables within one year +€30,108
up €30,108 (+169%), from €17,788 to €47,895
of which Trade receivables: +€16,210
- Cash +€12,538
up €12,538 (+51.1%), from €24,518 to €37,056
mainly Net result for the year (+€59,907) and Tax, wage and social debts (+€19,474)
- Profit (loss) carried forward +€59,907
up €59,907, from -€2,219 to €57,688
- Trade debts -€36,058
down €36,058 (-90.8%), from €39,717 to €3,660
- Tax, wage and social debts +€19,474
up €19,474 (+66.7%), from €29,198 to €48,673
of which Taxes: +€19,275
- Gross operating margin +€112,352
up €112,352 (+85.5%), from €131,466 to €243,818
- Staff costs +€28,985
up €28,985 (+22.6%), from €128,130 to €157,116
- Taxes +€14,725
new in 2025: €14,725
- Depreciation +€6,978
up €6,978 (+249%), from €2,807 to €9,785
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 | €70,697 | €114,021 | +€43,324 | +61.3% |
| Fixed assets | 21/28 | €28,391 | €29,070 | +€679 | +2.4% |
| Tangible fixed assets | 22/27 | €18,391 | €19,070 | +€679 | +3.7% |
| Furniture and vehicles | 24 | €18,391 | €19,070 | +€679 | +3.7% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €42,305 | €84,951 | +€42,646 | +101% |
| Amounts receivable within one year | 40/41 | €17,788 | €47,895 | +€30,108 | +169% |
| Trade receivables | 40 | €17,788 | €33,998 | +€16,210 | +91.1% |
| Other amounts receivable | 41 | - | €13,897 | +€13,897 | |
| Cash at bank and in hand | 54/58 | €24,518 | €37,056 | +€12,538 | +51.1% |
| Total equity and liabilities | 10/49 | €70,697 | €114,021 | +€43,324 | +61.3% |
| Equity | 10/15 | €1,781 | €61,688 | +€59,907 | +3,364% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,219 | €57,688 | +€59,907 | |
| Amounts payable | 17/49 | €68,916 | €52,333 | -€16,583 | -24.1% |
| Amounts payable within one year | 42/48 | €68,916 | €52,333 | -€16,583 | -24.1% |
| Trade debts | 44 | €39,717 | €3,660 | -€36,058 | -90.8% |
| Suppliers | 440/4 | €39,717 | €3,660 | -€36,058 | -90.8% |
| Taxes, remuneration and social security | 45 | €29,198 | €48,673 | +€19,474 | +66.7% |
| Taxes | 450/3 | €12,832 | €32,107 | +€19,275 | +150% |
| Remuneration and social security | 454/9 | €16,366 | €16,566 | +€200 | +1.2% |
| Remuneration, social security and pensions | 62 | €128,130 | €157,116 | +€28,985 | +22.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,807 | €9,785 | +€6,978 | +249% |
| Other operating charges | 640/8 | €2,659 | €1,134 | -€1,525 | -57.3% |
| Gross operating margin | 9900 | €131,466 | €243,818 | +€112,352 | +85.5% |
| Operating profit (loss) | 9901 | -€2,131 | €75,783 | +€77,913 | |
| Financial income | 75/76B | €1 | €377 | +€376 | +36,862% |
| Recurring financial income | 75 | €1 | €377 | +€376 | +36,862% |
| Financial charges | 65/66B | €89 | €1,527 | +€1,438 | +1,610% |
| Recurring financial charges | 65 | €89 | €1,527 | +€1,438 | +1,610% |
| Profit (loss) for the period before taxes | 9903 | -€2,219 | €74,632 | +€76,851 | |
| Income taxes | 67/77 | - | €14,725 | +€14,725 | |
| Profit (loss) for the period | 9904 | -€2,219 | €59,907 | +€62,127 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,219 | €59,907 | +€62,127 |
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 26 October 2026 via checked.be.