STL 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.
STL Logistics
Largest movements
- Cash +€78,616
up €78,616 (+222.1%), from €35,391 to €114,007
mainly Trade debts (+€47,461) and Net result for the year (+€18,933)
- Receivables within one year -€4,893
down €4,893 (-2.7%), from €179,960 to €175,067
of which Trade receivables: -€33,393
- Trade debts +€47,461
up €47,461 (+36.3%), from €130,757 to €178,218
- Profit (loss) carried forward +€18,933
up €18,933 (+25.2%), from €75,270 to €94,203
- Tax, wage and social debts +€6,892
new in 2025: €6,892
- Gross operating margin -€6,841
down €6,841 (-21.1%), from €32,481 to €25,641
- Taxes +€5,371
up €5,371 (+353.2%), from €1,521 to €6,892
- Financial charges -€1,269
down €1,269 (-36.3%), from €3,493 to €2,224
- Other operating charges -€834
down €834 (-39.2%), from €2,125 to €1,291
- Financial income +€498
up €498 (+15.5%), from €3,202 to €3,700
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 | €216,940 | €289,369 | +€72,428 | +33.4% |
| Current assets | 29/58 | €216,940 | €289,369 | +€72,428 | +33.4% |
| Amounts receivable within one year | 40/41 | €179,960 | €175,067 | -€4,893 | -2.7% |
| Trade receivables | 40 | €107,930 | €74,537 | -€33,393 | -30.9% |
| Other amounts receivable | 41 | €72,030 | €100,530 | +€28,500 | +39.6% |
| Cash at bank and in hand | 54/58 | €35,391 | €114,007 | +€78,616 | +222.1% |
| Deferred charges and accrued income | 490/1 | €1,590 | €295 | -€1,295 | -81.4% |
| Total equity and liabilities | 10/49 | €216,940 | €289,369 | +€72,428 | +33.4% |
| Equity | 10/15 | €83,325 | €102,258 | +€18,933 | +22.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €75,270 | €94,203 | +€18,933 | +25.2% |
| Amounts payable | 17/49 | €133,615 | €187,110 | +€53,495 | +40.0% |
| Amounts payable within one year | 42/48 | €131,615 | €185,110 | +€53,495 | +40.6% |
| Financial debts | 43 | €859 | - | -€859 | |
| Other loans | 439 | €859 | - | -€859 | |
| Trade debts | 44 | €130,757 | €178,218 | +€47,461 | +36.3% |
| Suppliers | 440/4 | €130,757 | €178,218 | +€47,461 | +36.3% |
| Taxes, remuneration and social security | 45 | - | €6,892 | +€6,892 | |
| Taxes | 450/3 | - | €6,892 | +€6,892 | |
| Accrued charges and deferred income | 492/3 | €2,000 | €2,000 | = | 0.0% |
| Other operating charges | 640/8 | €2,125 | €1,291 | -€834 | -39.2% |
| Gross operating margin | 9900 | €32,481 | €25,641 | -€6,841 | -21.1% |
| Operating profit (loss) | 9901 | €30,356 | €24,349 | -€6,006 | -19.8% |
| Financial income | 75/76B | €3,202 | €3,700 | +€498 | +15.5% |
| Recurring financial income | 75 | €3,202 | €3,700 | +€498 | +15.5% |
| Financial charges | 65/66B | €3,493 | €2,224 | -€1,269 | -36.3% |
| Recurring financial charges | 65 | €3,493 | €2,224 | -€1,269 | -36.3% |
| Profit (loss) for the period before taxes | 9903 | €30,065 | €25,826 | -€4,239 | -14.1% |
| Income taxes | 67/77 | €1,521 | €6,892 | +€5,371 | +353.2% |
| Profit (loss) for the period | 9904 | €28,544 | €18,933 | -€9,611 | -33.7% |
| Profit (loss) for the period to be appropriated | 9905 | €28,544 | €18,933 | -€9,611 | -33.7% |
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 6 October 2026 via checked.be.