TAILORMADE 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.
What changed
TAILORMADE LOGISTICS
NACE 52.250, Logistics services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€3.8m
2024 · €248,551-€4.1m
Equity
€24.4m
2024 · €12.9m+€11.4m
Cash
€3.2m
2024 · €274,466+€2.9m
Balance sheet total
€101.4m
2024 · €76.1m+€25.3m
Largest movements
Assets
- Fixed assets +€26.0m
up €26.0m (+57.9%), from €45.0m to €71.0m
of which Tangible fixed assets: +€46.5m
- Receivables within one year -€5.5m
down €5.5m (-20.3%), from €26.9m to €21.4m
of which Other amounts receivable: -€16.7m
- Cash +€2.9m
up €2.9m (+1,067%), from €274,466 to €3.2m
mainly Debts after one year (+€23.6m) and Contributions, distributions and other (+€15.2m)
- Deferred charges and accrued income +€1.5m
up €1.5m (+79.9%), from €1.9m to €3.4m
Equity and liabilities
- Debts after one year +€23.6m
up €23.6m (+325%), from €7.3m to €30.8m
- Other debts -€20.9m
down €20.9m (-99.7%), from €21.0m to €59,000
- Equity +€11.4m
up €11.4m (+88.2%), from €12.9m to €24.4m
of which Revaluation surpluses: +€13.3m
- Tax, wage and social debts +€9.2m
up €9.2m (+414%), from €2.2m to €11.4m
of which Remuneration and social security: +€6.8m
- Accrued charges and deferred income +€1.4m
up €1.4m (+267%), from €532,089 to €2.0m
Income statement
- Turnover +€68.4m
up €68.4m (+65.2%), from €105.0m to €173.4m
- Staff costs +€41.9m
up €41.9m (+216%), from €19.4m to €61.3m
- Services and other goods +€22.0m
up €22.0m (+72.2%), from €30.4m to €52.4m
- Goods and materials -€16.8m
down €16.8m (-24.3%), from €69.0m to €52.2m
of which Purchases: -€16.8m
- Other operating income -€8.0m
down €8.0m (-62.4%), from €12.9m to €4.9m
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
€248,551
Turnover
+€68.4m
Other operating income
-€8.0m
Goods and materials
+€16.8m
Services and other goods
-€22.0m
Staff costs
-€41.9m
Depreciation
-€4.3m
Write-downs
-€475,216
Other operating charges
-€872,584
Other operating items
-€8.5m
Financial income
-€119,785
Financial charges
-€2.0m
Taxes
-€1.1m
Result 2025
-€3.8m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€1.7m
Investment
-€34.8m
Financing
+€39.4m
Cash 2024
€274,466
From operations (derived)
-€1.7m
Net result for the year
-€3.8m
Depreciation
+€8.8m
Stocks and contracts
-€374,869
Receivables within one year
+€5.5m
Deferred charges and accrued income
-€1.5m
Smaller working-capital items
+€27,503
Tax, wage and social debts
+€9.2m
Other debts
-€20.9m
Accrued charges and deferred income
+€1.4m
Investment (derived)
-€34.8m
Investment in fixed assets (net)
-€34.7m
Current investments
-€77,063
Financing
+€39.4m
Debts after one year
+€23.6m
Current portion of long-term debt
-€864,073
Short-term financial debts
+€1.4m
Contributions, distributions and other
+€15.2m
Cash 2025
€3.2m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €76,117,554 | €101,420,000 | +€25.3m | +33.2% |
| Formation expenses | 20 | €725,931 | €549,000 | -€176,931 | -24.4% |
| Fixed assets | 21/28 | €44,987,024 | €71,027,000 | +€26.0m | +57.9% |
| Intangible fixed assets | 21 | €9,424,203 | €8,198,000 | -€1.2m | -13.0% |
| Tangible fixed assets | 22/27 | €8,580,489 | €55,075,000 | +€46.5m | +542% |
| Land and buildings | 22 | €25,696 | €17,066,000 | +€17.0m | +66,315% |
| Plant, machinery and equipment | 23 | €760,925 | €1,572,000 | +€811,075 | +107% |
| Furniture and vehicles | 24 | €768,466 | €2,501,000 | +€1.7m | +225% |
| Leasing and similar rights | 25 | €5,323,679 | €32,389,000 | +€27.1m | +508% |
| Other tangible fixed assets | 26 | €1,378,551 | €1,389,000 | +€10,449 | +0.8% |
| Assets under construction and advance payments | 27 | €323,172 | €158,000 | -€165,172 | -51.1% |
| Financial fixed assets | 28 | €26,982,332 | €594,000 | -€26.4m | -97.8% |
| Affiliated companies | 280/1 | €26,951,423 | - | -€27.0m | |
| Participating interests | 280 | €26,951,423 | - | -€27.0m | |
| Other financial fixed assets | 284/8 | €30,909 | €594,000 | +€563,091 | +1,822% |
| Shares | 284 | - | €58,000 | +€58,000 | |
| Amounts receivable and cash guarantees | 285/8 | €30,909 | €536,000 | +€505,091 | +1,634% |
| Current assets | 29/58 | €30,404,599 | €29,844,000 | -€560,599 | -1.8% |
| Stocks and contracts in progress | 3 | €147,131 | €522,000 | +€374,869 | +255% |
| Stocks | 30/36 | €147,131 | €522,000 | +€374,869 | +255% |
| Raw materials and consumables | 30/31 | €32,403 | €272,000 | +€239,597 | +739% |
| Goods purchased for resale | 34 | €114,728 | €250,000 | +€135,272 | +118% |
| Amounts receivable within one year | 40/41 | €26,868,717 | €21,411,000 | -€5.5m | -20.3% |
| Trade receivables | 40 | €7,931,708 | €19,180,000 | +€11.2m | +142% |
| Other amounts receivable | 41 | €18,937,009 | €2,231,000 | -€16.7m | -88.2% |
| Current investments | 50/53 | €1,216,937 | €1,294,000 | +€77,063 | +6.3% |
| Other investments | 51/53 | €1,216,937 | €1,294,000 | +€77,063 | +6.3% |
| Cash at bank and in hand | 54/58 | €274,466 | €3,204,000 | +€2.9m | +1,067% |
| Deferred charges and accrued income | 490/1 | €1,897,348 | €3,413,000 | +€1.5m | +79.9% |
| Total equity and liabilities | 10/49 | €76,117,554 | €101,420,000 | +€25.3m | +33.2% |
| Equity | 10/15 | €12,946,183 | €24,365,000 | +€11.4m | +88.2% |
| Contributions | 10/11 | €1,705,470 | €1,932,000 | +€226,530 | +13.3% |
| Capital | 10 | €1,705,470 | €1,932,000 | +€226,530 | +13.3% |
| Issued capital | 100 | €1,705,470 | €1,932,000 | +€226,530 | +13.3% |
| Revaluation surpluses | 12 | €220,000 | €13,489,000 | +€13.3m | +6,031% |
| Reserves | 13 | €562,338 | - | -€562,338 | |
| Non-distributable reserves | 130/1 | €170,547 | - | -€170,547 | |
| Legal reserve | 130 | €170,547 | - | -€170,547 | |
| Tax-exempt reserves | 132 | €376,791 | - | -€376,791 | |
| Distributable reserves | 133 | €15,000 | - | -€15,000 | |
| Profit (loss) carried forward | 14 | €10,458,375 | - | -€10.5m | |
| Investment grants | 15 | - | €1,598,000 | +€1.6m | |
| Provisions and deferred taxes | 16 | - | €57,000 | +€57,000 | |
| Provisions for liabilities and charges | 160/5 | - | €57,000 | +€57,000 | |
| Other liabilities and charges | 164/5 | - | €57,000 | +€57,000 | |
| Amounts payable | 17/49 | €63,171,371 | €76,998,000 | +€13.8m | +21.9% |
| Amounts payable after more than one year | 17 | €7,258,593 | €30,841,000 | +€23.6m | +325% |
| Financial debts | 170/4 | €7,258,593 | €30,841,000 | +€23.6m | +325% |
| Leasing and similar obligations | 172 | €3,046,347 | €23,633,000 | +€20.6m | +676% |
| Credit institutions | 173 | €712,246 | €6,355,000 | +€5.6m | +792% |
| Other loans | 174 | €3,500,000 | €853,000 | -€2.6m | -75.6% |
| Amounts payable within one year | 42/48 | €55,380,689 | €44,204,000 | -€11.2m | -20.2% |
| Current portion of amounts payable after more than one year | 42 | €10,486,073 | €9,622,000 | -€864,073 | -8.2% |
| Financial debts | 43 | €208,333 | €1,627,000 | +€1.4m | +681% |
| Credit institutions | 430/8 | €208,333 | €1,627,000 | +€1.4m | +681% |
| Trade debts | 44 | €21,486,497 | €21,457,000 | -€29,497 | -0.1% |
| Suppliers | 440/4 | €21,486,497 | €21,457,000 | -€29,497 | -0.1% |
| Taxes, remuneration and social security | 45 | €2,225,730 | €11,439,000 | +€9.2m | +414% |
| Taxes | 450/3 | €354,506 | €2,793,000 | +€2.4m | +688% |
| Remuneration and social security | 454/9 | €1,871,224 | €8,646,000 | +€6.8m | +362% |
| Other amounts payable | 47/48 | €20,974,057 | €59,000 | -€20.9m | -99.7% |
| Accrued charges and deferred income | 492/3 | €532,089 | €1,953,000 | +€1.4m | +267% |
| Operating income | 70/76A | €128,891,769 | €179,289,000 | +€50.4m | +39.1% |
| Turnover | 70 | €105,018,116 | €173,448,000 | +€68.4m | +65.2% |
| Other operating income | 74 | €12,907,818 | €4,859,000 | -€8.0m | -62.4% |
| Non-recurring operating income | 76A | €10,965,835 | €982,000 | -€10.0m | -91.0% |
| Operating charges | 60/66A | €126,911,880 | €178,197,000 | +€51.3m | +40.4% |
| Goods for resale, raw materials and consumables | 60 | €68,964,913 | €52,174,000 | -€16.8m | -24.3% |
| Purchases | 600/8 | €68,949,778 | €52,174,000 | -€16.8m | -24.3% |
| Change in stocks: decrease (increase) | 609 | €15,135 | - | -€15,135 | |
| Services and other goods | 61 | €30,439,893 | €52,413,000 | +€22.0m | +72.2% |
| Remuneration, social security and pensions | 62 | €19,406,693 | €61,263,000 | +€41.9m | +216% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,486,562 | €8,833,000 | +€4.3m | +96.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€47,216 | €428,000 | +€475,216 | |
| Other operating charges | 640/8 | €768,416 | €1,641,000 | +€872,584 | +114% |
| Non-recurring operating charges | 66A | €2,892,619 | €1,445,000 | -€1.4m | -50.0% |
| Operating profit (loss) | 9901 | €1,979,888 | €1,092,000 | -€887,888 | -44.8% |
| Financial income | 75/76B | €412,785 | €293,000 | -€119,785 | -29.0% |
| Recurring financial income | 75 | €412,785 | €293,000 | -€119,785 | -29.0% |
| Income from financial fixed assets | 750 | €155,502 | €56,000 | -€99,502 | -64.0% |
| Income from current assets | 751 | €137,774 | - | -€137,774 | |
| Other financial income | 752/9 | €119,510 | €237,000 | +€117,490 | +98.3% |
| Financial charges | 65/66B | €2,064,297 | €4,029,000 | +€2.0m | +95.2% |
| Recurring financial charges | 65 | €2,064,297 | €4,029,000 | +€2.0m | +95.2% |
| Debt charges | 650 | €1,336,104 | €1,533,000 | +€196,896 | +14.7% |
| Other financial charges | 652/9 | €728,193 | €757,000 | +€28,807 | +4.0% |
| Profit (loss) for the period before taxes | 9903 | €328,377 | -€2,644,000 | -€3.0m | |
| Income taxes | 67/77 | €79,826 | €1,158,000 | +€1.1m | +1,351% |
| Taxes | 670/3 | €79,826 | €1,158,000 | +€1.1m | +1,351% |
| Profit (loss) for the period | 9904 | €248,551 | -€3,802,000 | -€4.1m | |
| Transfer from tax-exempt reserves | 789 | €1,583 | - | -€1,583 | |
| Profit (loss) for the period to be appropriated | 9905 | €250,134 | - | -€250,134 |
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 15 October 2026 via checked.be.