SF Logistics: what changed
Two fiscal 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.
SF Logistics
Largest movements
- Receivables within one year -€43,769
down €43,769 (-55.1%), from €79,488 to €35,719
of which Trade receivables: -€41,949
- Tangible fixed assets -€2,579
down €2,579 (-30.0%), from €8,595 to €6,017
- Trade debts -€16,867
down €16,867 (-23.8%), from €70,817 to €53,950
- Profit (loss) carried forward -€13,092
down €13,092 (-161.2%), from -€8,121 to -€21,214
- Other debts -€9,891
down €9,891 (-19.4%), from €50,933 to €41,042
- Current portion of long-term debt -€4,019
no longer reported in 2025 (was €4,019)
- Tax, wage and social debts -€2,888
down €2,888 (-90.3%), from €3,197 to €309
- Gross operating margin -€27,564
down €27,564, from €18,371 to -€9,193
- Taxes -€2,888
down €2,888 (-90.3%), from €3,197 to €309
- Depreciation -€1,808
down €1,808 (-41.2%), from €4,386 to €2,579
- Financial charges -€371
down €371 (-65.6%), from €565 to €194
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 | €123,845 | €77,087 | -€46,758 | -37.8% |
| Fixed assets | 21/28 | €8,595 | €6,017 | -€2,579 | -30.0% |
| Tangible fixed assets | 22/27 | €8,595 | €6,017 | -€2,579 | -30.0% |
| Furniture and vehicles | 24 | €8,595 | €6,017 | -€2,579 | -30.0% |
| Current assets | 29/58 | €115,250 | €71,070 | -€44,179 | -38.3% |
| Amounts receivable within one year | 40/41 | €79,488 | €35,719 | -€43,769 | -55.1% |
| Trade receivables | 40 | €76,090 | €34,141 | -€41,949 | -55.1% |
| Other amounts receivable | 41 | €3,399 | €1,579 | -€1,820 | -53.6% |
| Cash at bank and in hand | 54/58 | €35,761 | €35,351 | -€410 | -1.1% |
| Total equity and liabilities | 10/49 | €123,845 | €77,087 | -€46,758 | -37.8% |
| Equity | 10/15 | -€5,121 | -€18,214 | -€13,092 | -255.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,121 | -€21,214 | -€13,092 | -161.2% |
| Amounts payable | 17/49 | €128,966 | €95,301 | -€33,665 | -26.1% |
| Amounts payable within one year | 42/48 | €128,966 | €95,301 | -€33,665 | -26.1% |
| Current portion of amounts payable after more than one year | 42 | €4,019 | - | -€4,019 | |
| Trade debts | 44 | €70,817 | €53,950 | -€16,867 | -23.8% |
| Suppliers | 440/4 | €70,817 | €53,950 | -€16,867 | -23.8% |
| Taxes, remuneration and social security | 45 | €3,197 | €309 | -€2,888 | -90.3% |
| Taxes | 450/3 | €3,197 | €309 | -€2,888 | -90.3% |
| Other amounts payable | 47/48 | €50,933 | €41,042 | -€9,891 | -19.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,386 | €2,579 | -€1,808 | -41.2% |
| Other operating charges | 640/8 | €793 | €818 | +€25 | +3.1% |
| Gross operating margin | 9900 | €18,371 | -€9,193 | -€27,564 | |
| Operating profit (loss) | 9901 | €13,191 | -€12,590 | -€25,781 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €565 | €194 | -€371 | -65.6% |
| Recurring financial charges | 65 | €565 | €194 | -€371 | -65.6% |
| Profit (loss) for the period before taxes | 9903 | €12,627 | -€12,784 | -€25,411 | |
| Income taxes | 67/77 | €3,197 | €309 | -€2,888 | -90.3% |
| Profit (loss) for the period | 9904 | €9,430 | -€13,092 | -€22,522 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,430 | -€13,092 | -€22,522 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.