Shift 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.
Shift Logistics
Largest movements
- Receivables within one year +€75,691
up €75,691 (+79.7%), from €94,916 to €170,607
of which Trade receivables: +€75,430
- Financial fixed assets +€7,500
up €7,500 (+25.8%), from €29,075 to €36,575
- Intangible fixed assets -€5,462
down €5,462 (-25.8%), from €21,188 to €15,726
- Cash +€4,953
up €4,953 (+432.0%), from €1,147 to €6,099
mainly Trade debts (+€50,335) and Net result for the year (+€27,021)
- Trade debts +€50,335
up €50,335 (+40.8%), from €123,353 to €173,687
- Profit (loss) carried forward +€27,021
up €27,021 (+15.1%), from -€179,047 to -€152,026
- Other debts +€25,725
up €25,725 (+77.7%), from €33,110 to €58,835
- Tax, wage and social debts -€16,949
down €16,949 (-60.3%), from €28,085 to €11,137
of which Taxes: -€9,353
- Accrued charges and deferred income -€3,799
down €3,799 (-100.0%), from €3,799 to €0
- Gross operating margin +€58,373
up €58,373 (+44.9%), from €130,033 to €188,406
- Staff costs -€47,710
down €47,710 (-31.7%), from €150,289 to €102,579
- Other operating charges +€38,841
up €38,841 (+1962.7%), from €1,979 to €40,820
- Financial charges -€14,216
down €14,216 (-78.1%), from €18,200 to €3,984
- Depreciation -€8,447
down €8,447 (-37.6%), from €22,453 to €14,006
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 | €163,800 | €246,133 | +€82,333 | +50.3% |
| Fixed assets | 21/28 | €66,573 | €66,267 | -€306 | -0.5% |
| Intangible fixed assets | 21 | €21,188 | €15,726 | -€5,462 | -25.8% |
| Tangible fixed assets | 22/27 | €16,311 | €13,967 | -€2,344 | -14.4% |
| Plant, machinery and equipment | 23 | €16,311 | €13,967 | -€2,344 | -14.4% |
| Financial fixed assets | 28 | €29,075 | €36,575 | +€7,500 | +25.8% |
| Current assets | 29/58 | €97,227 | €179,866 | +€82,639 | +85.0% |
| Amounts receivable within one year | 40/41 | €94,916 | €170,607 | +€75,691 | +79.7% |
| Trade receivables | 40 | €94,431 | €169,861 | +€75,430 | +79.9% |
| Other amounts receivable | 41 | €485 | €747 | +€262 | +54.0% |
| Cash at bank and in hand | 54/58 | €1,147 | €6,099 | +€4,953 | +432.0% |
| Deferred charges and accrued income | 490/1 | €1,164 | €3,160 | +€1,995 | +171.4% |
| Total equity and liabilities | 10/49 | €163,800 | €246,133 | +€82,333 | +50.3% |
| Equity | 10/15 | -€24,547 | €2,474 | +€27,021 | |
| Contributions | 10/11 | €154,500 | €154,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€179,047 | -€152,026 | +€27,021 | +15.1% |
| Amounts payable | 17/49 | €188,347 | €243,659 | +€55,312 | +29.4% |
| Amounts payable within one year | 42/48 | €184,549 | €243,659 | +€59,111 | +32.0% |
| Trade debts | 44 | €123,353 | €173,687 | +€50,335 | +40.8% |
| Suppliers | 440/4 | €123,353 | €173,687 | +€50,335 | +40.8% |
| Taxes, remuneration and social security | 45 | €28,085 | €11,137 | -€16,949 | -60.3% |
| Taxes | 450/3 | €10,013 | €660 | -€9,353 | -93.4% |
| Remuneration and social security | 454/9 | €18,073 | €10,477 | -€7,596 | -42.0% |
| Other amounts payable | 47/48 | €33,110 | €58,835 | +€25,725 | +77.7% |
| Accrued charges and deferred income | 492/3 | €3,799 | €0 | -€3,799 | -100.0% |
| Remuneration, social security and pensions | 62 | €150,289 | €102,579 | -€47,710 | -31.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,453 | €14,006 | -€8,447 | -37.6% |
| Other operating charges | 640/8 | €1,979 | €40,820 | +€38,841 | +1962.7% |
| Gross operating margin | 9900 | €130,033 | €188,406 | +€58,373 | +44.9% |
| Operating profit (loss) | 9901 | -€44,688 | €31,001 | +€75,690 | |
| Financial income | 75/76B | €1,354 | €4 | -€1,350 | -99.7% |
| Recurring financial income | 75 | €1,354 | €4 | -€1,350 | -99.7% |
| Financial charges | 65/66B | €18,200 | €3,984 | -€14,216 | -78.1% |
| Recurring financial charges | 65 | €18,200 | €3,984 | -€14,216 | -78.1% |
| Profit (loss) for the period before taxes | 9903 | -€61,534 | €27,021 | +€88,555 | |
| Profit (loss) for the period | 9904 | -€61,534 | €27,021 | +€88,555 | |
| Profit (loss) for the period to be appropriated | 9905 | -€61,534 | €27,021 | +€88,555 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.