TBL 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.
TBL LOGISTICS
Largest movements
- Receivables within one year +€6,216
up €6,216 (+19.9%), from €31,222 to €37,438
of which Other amounts receivable: +€13,886
- Deferred charges and accrued income +€1,268
up €1,268 (+105.7%), from €1,200 to €2,468
- Cash +€873
up €873 (+35.7%), from €2,446 to €3,319
mainly Tax, wage and social debts (+€38,863)
- Tax, wage and social debts +€38,863
up €38,863 (+559.4%), from €6,948 to €45,810
of which Taxes: +€19,888
- Profit (loss) carried forward -€22,488
down €22,488 (-304.9%), from -€7,375 to -€29,863
- Trade debts -€6,502
down €6,502 (-19.2%), from €33,780 to €27,278
- Other debts -€1,515
no longer reported in 2025 (was €1,515)
- Staff costs +€30,102
up €30,102 (+352.2%), from €8,548 to €38,649
- Gross operating margin +€21,543
up €21,543 (+694.0%), from €3,104 to €24,647
- Other operating charges +€15,012
up €15,012 (+3802.1%), from €395 to €15,407
- Depreciation -€1,509
no longer reported in 2025 (was €1,509)
- Financial charges +€637
up €637 (+2258.4%), from €28 to €666
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 | €34,867 | €43,225 | +€8,358 | +24.0% |
| Current assets | 29/58 | €34,867 | €43,225 | +€8,358 | +24.0% |
| Amounts receivable within one year | 40/41 | €31,222 | €37,438 | +€6,216 | +19.9% |
| Trade receivables | 40 | €29,405 | €21,736 | -€7,670 | -26.1% |
| Other amounts receivable | 41 | €1,816 | €15,702 | +€13,886 | +764.6% |
| Cash at bank and in hand | 54/58 | €2,446 | €3,319 | +€873 | +35.7% |
| Deferred charges and accrued income | 490/1 | €1,200 | €2,468 | +€1,268 | +105.7% |
| Total equity and liabilities | 10/49 | €34,867 | €43,225 | +€8,358 | +24.0% |
| Equity | 10/15 | -€7,375 | -€29,863 | -€22,488 | -304.9% |
| Profit (loss) carried forward | 14 | -€7,375 | -€29,863 | -€22,488 | -304.9% |
| Amounts payable | 17/49 | €42,243 | €73,088 | +€30,845 | +73.0% |
| Amounts payable within one year | 42/48 | €42,243 | €73,088 | +€30,845 | +73.0% |
| Trade debts | 44 | €33,780 | €27,278 | -€6,502 | -19.2% |
| Suppliers | 440/4 | €33,780 | €27,278 | -€6,502 | -19.2% |
| Taxes, remuneration and social security | 45 | €6,948 | €45,810 | +€38,863 | +559.4% |
| Taxes | 450/3 | €4,424 | €24,313 | +€19,888 | +449.5% |
| Remuneration and social security | 454/9 | €2,523 | €21,497 | +€18,974 | +752.0% |
| Other amounts payable | 47/48 | €1,515 | - | -€1,515 | |
| Remuneration, social security and pensions | 62 | €8,548 | €38,649 | +€30,102 | +352.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,509 | - | -€1,509 | |
| Other operating charges | 640/8 | €395 | €15,407 | +€15,012 | +3802.1% |
| Non-recurring operating charges | 66A | - | -€7,260 | -€7,260 | |
| Gross operating margin | 9900 | €3,104 | €24,647 | +€21,543 | +694.0% |
| Operating profit (loss) | 9901 | -€7,347 | -€22,150 | -€14,802 | -201.5% |
| Financial income | 75/76B | - | €327 | +€327 | |
| Recurring financial income | 75 | - | €327 | +€327 | |
| Financial charges | 65/66B | €28 | €666 | +€637 | +2258.4% |
| Recurring financial charges | 65 | €28 | €666 | +€637 | +2258.4% |
| Profit (loss) for the period before taxes | 9903 | -€7,375 | -€22,488 | -€15,113 | -204.9% |
| Profit (loss) for the period | 9904 | -€7,375 | -€22,488 | -€15,113 | -204.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,375 | -€22,488 | -€15,113 | -204.9% |
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 5 October 2026 via checked.be.