SL-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.
What changed
SL-Logistics
NACE 49.410, Freight transport by road
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.1m
2024 · €1.2m-€110,538
Equity
€1.9m
2024 · €1.8m+€111,544
Cash
€1.7m
2024 · €2.1m-€410,051
Balance sheet total
€6.6m
2024 · €7.1m-€520,354
Largest movements
Assets
- Receivables within one year -€781,477
down €781,477 (-32.3%), from €2.4m to €1.6m
of which Other amounts receivable: -€446,482
- Tangible fixed assets +€653,577
up €653,577 (+25.8%), from €2.5m to €3.2m
of which Leasing and similar rights: +€413,166
- Cash -€410,051
down €410,051 (-19.8%), from €2.1m to €1.7m
mainly Investment in fixed assets (net) (-€1.6m) and Trade debts (-€1.1m)
Equity and liabilities
- Trade debts -€1.1m
down €1.1m (-62.2%), from €1.7m to €651,673
- Debts after one year +€320,704
up €320,704 (+23.0%), from €1.4m to €1.7m
- Other debts -€241,970
down €241,970 (-19.4%), from €1.2m to €1.0m
- Accrued charges and deferred income +€178,968
new in 2025: €178,968
- Tax, wage and social debts +€130,270
up €130,270 (+61.1%), from €213,223 to €343,493
of which Remuneration and social security: +€67,191
Income statement
- Turnover -€935,803
down €935,803 (-5.6%), from €16.7m to €15.8m
- Goods and materials -€801,010
down €801,010 (-8.8%), from €9.1m to €8.3m
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.
Result 2024
€1.2m
Turnover
-€935,803
Other operating income
+€112,589
Goods and materials
+€801,010
Services and other goods
+€159,243
Staff costs
-€136,009
Depreciation
-€155,931
Other operating charges
+€2,251
Other operating items
-€2,293
Financial income
+€3,889
Financial charges
+€1,995
Taxes
+€38,521
Result 2025
€1.1m
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.
From operations
+€1.8m
Investment
-€1.6m
Financing
-€625,200
Cash 2024
€2.1m
From operations (derived)
+€1.8m
Net result for the year
+€1.1m
Depreciation
+€908,013
Receivables within one year
+€781,477
Deferred charges and accrued income
+€14,987
Trade debts
-€1.1m
Tax, wage and social debts
+€130,270
Other debts
-€241,970
Accrued charges and deferred income
+€178,968
Investment (derived)
-€1.6m
Investment in fixed assets (net)
-€1.6m
Financing
-€625,200
Debts after one year
+€320,704
Current portion of long-term debt
+€54,095
Contributions, distributions and other
-€1.0m
Cash 2025
€1.7m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,100,078 | €6,579,724 | -€520,354 | -7.3% |
| Fixed assets | 21/28 | €2,530,337 | €3,216,498 | +€686,161 | +27.1% |
| Intangible fixed assets | 21 | - | €32,534 | +€32,534 | |
| Tangible fixed assets | 22/27 | €2,529,932 | €3,183,509 | +€653,577 | +25.8% |
| Land and buildings | 22 | €18,934 | €41,710 | +€22,776 | +120.3% |
| Plant, machinery and equipment | 23 | €55,805 | €59,319 | +€3,514 | +6.3% |
| Furniture and vehicles | 24 | €401,986 | €609,430 | +€207,445 | +51.6% |
| Leasing and similar rights | 25 | €2,036,908 | €2,450,073 | +€413,166 | +20.3% |
| Other tangible fixed assets | 26 | €16,300 | €22,976 | +€6,677 | +41.0% |
| Financial fixed assets | 28 | €405 | €455 | +€50 | +12.3% |
| Other financial fixed assets | 284/8 | €405 | €455 | +€50 | +12.3% |
| Amounts receivable and cash guarantees | 285/8 | €405 | €455 | +€50 | +12.3% |
| Current assets | 29/58 | €4,569,741 | €3,363,226 | -€1.2m | -26.4% |
| Amounts receivable within one year | 40/41 | €2,420,153 | €1,638,677 | -€781,477 | -32.3% |
| Trade receivables | 40 | €1,962,272 | €1,627,277 | -€334,995 | -17.1% |
| Other amounts receivable | 41 | €457,882 | €11,400 | -€446,482 | -97.5% |
| Cash at bank and in hand | 54/58 | €2,072,280 | €1,662,229 | -€410,051 | -19.8% |
| Deferred charges and accrued income | 490/1 | €77,307 | €62,320 | -€14,987 | -19.4% |
| Total equity and liabilities | 10/49 | €7,100,078 | €6,579,724 | -€520,354 | -7.3% |
| Equity | 10/15 | €1,823,687 | €1,935,231 | +€111,544 | +6.1% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €1,823,587 | €1,935,131 | +€111,544 | +6.1% |
| Distributable reserves | 133 | €1,823,587 | €1,935,131 | +€111,544 | +6.1% |
| Amounts payable | 17/49 | €5,276,391 | €4,644,493 | -€631,898 | -12.0% |
| Amounts payable after more than one year | 17 | €1,397,002 | €1,717,706 | +€320,704 | +23.0% |
| Financial debts | 170/4 | €1,397,002 | €1,717,706 | +€320,704 | +23.0% |
| Leasing and similar obligations | 172 | €1,397,002 | €1,717,706 | +€320,704 | +23.0% |
| Amounts payable within one year | 42/48 | €3,879,389 | €2,747,819 | -€1.1m | -29.2% |
| Current portion of amounts payable after more than one year | 42 | €695,786 | €749,882 | +€54,095 | +7.8% |
| Trade debts | 44 | €1,725,638 | €651,673 | -€1.1m | -62.2% |
| Suppliers | 440/4 | €1,725,638 | €651,673 | -€1.1m | -62.2% |
| Taxes, remuneration and social security | 45 | €213,223 | €343,493 | +€130,270 | +61.1% |
| Taxes | 450/3 | €13,229 | €76,308 | +€63,079 | +476.8% |
| Remuneration and social security | 454/9 | €199,994 | €267,185 | +€67,191 | +33.6% |
| Other amounts payable | 47/48 | €1,244,742 | €1,002,772 | -€241,970 | -19.4% |
| Accrued charges and deferred income | 492/3 | - | €178,968 | +€178,968 | |
| Operating income | 70/76A | €16,903,501 | €16,082,562 | -€820,939 | -4.9% |
| Turnover | 70 | €16,695,726 | €15,759,923 | -€935,803 | -5.6% |
| Other operating income | 74 | €207,775 | €320,364 | +€112,589 | +54.2% |
| Non-recurring operating income | 76A | - | €2,275 | +€2,275 | |
| Operating charges | 60/66A | €15,194,084 | €14,528,088 | -€665,996 | -4.4% |
| Goods for resale, raw materials and consumables | 60 | €9,122,162 | €8,321,152 | -€801,010 | -8.8% |
| Purchases | 600/8 | €9,122,162 | €8,321,152 | -€801,010 | -8.8% |
| Services and other goods | 61 | €3,261,595 | €3,102,352 | -€159,243 | -4.9% |
| Remuneration, social security and pensions | 62 | €2,033,373 | €2,169,382 | +€136,009 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €752,082 | €908,013 | +€155,931 | +20.7% |
| Other operating charges | 640/8 | €24,873 | €22,622 | -€2,251 | -9.1% |
| Non-recurring operating charges | 66A | - | €4,568 | +€4,568 | |
| Operating profit (loss) | 9901 | €1,709,417 | €1,554,473 | -€154,943 | -9.1% |
| Financial income | 75/76B | €14,787 | €18,676 | +€3,889 | +26.3% |
| Recurring financial income | 75 | €14,787 | €18,676 | +€3,889 | +26.3% |
| Income from financial fixed assets | 750 | €201 | - | -€201 | |
| Other financial income | 752/9 | €14,587 | €18,676 | +€4,089 | +28.0% |
| Financial charges | 65/66B | €63,300 | €61,305 | -€1,995 | -3.2% |
| Recurring financial charges | 65 | €63,300 | €61,305 | -€1,995 | -3.2% |
| Debt charges | 650 | €61,277 | €60,404 | -€873 | -1.4% |
| Other financial charges | 652/9 | €2,023 | €901 | -€1,122 | -55.5% |
| Profit (loss) for the period before taxes | 9903 | €1,660,904 | €1,511,845 | -€149,059 | -9.0% |
| Income taxes | 67/77 | €438,822 | €400,301 | -€38,521 | -8.8% |
| Taxes | 670/3 | €438,822 | €400,301 | -€38,521 | -8.8% |
| Profit (loss) for the period | 9904 | €1,222,082 | €1,111,544 | -€110,538 | -9.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,222,082 | €1,111,544 | -€110,538 | -9.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.