Trading & Building 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.
Trading & Building Logistics
Largest movements
- Intangible fixed assets +€12,273
new in 2025: €12,273
- Cash +€2,473
up €2,473 (+701%), from €353 to €2,825
mainly Trade debts (+€12,619) and Net result for the year (+€10,220)
- Receivables within one year +€1,292
up €1,292 (+364%), from €355 to €1,646
of which Other amounts receivable: +€1,350
- Trade debts +€12,619
up €12,619 (+1,490%), from €847 to €13,466
- Other debts -€10,497
down €10,497 (-100%), from €10,497 to €0
- Profit (loss) carried forward +€10,220
up €10,220 (+31.2%), from -€32,710 to -€22,489
- Tax, wage and social debts +€3,695
up €3,695 (+229%), from €1,611 to €5,306
- Gross operating margin -€3,241
down €3,241 (-17.6%), from €18,443 to €15,203
- Taxes -€904
down €904 (-19.6%), from €4,605 to €3,701
- Depreciation +€747
new in 2025: €747
- Financial charges -€208
down €208 (-75.0%), from €277 to €69
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,375 | €17,413 | +€16,037 | +1,166% |
| Fixed assets | 21/28 | - | €12,273 | +€12,273 | |
| Intangible fixed assets | 21 | - | €12,273 | +€12,273 | |
| Current assets | 29/58 | €1,375 | €5,139 | +€3,764 | +274% |
| Amounts receivable within one year | 40/41 | €355 | €1,646 | +€1,292 | +364% |
| Trade receivables | 40 | €154 | €96 | -€58 | -37.9% |
| Other amounts receivable | 41 | €201 | €1,551 | +€1,350 | +673% |
| Cash at bank and in hand | 54/58 | €353 | €2,825 | +€2,473 | +701% |
| Deferred charges and accrued income | 490/1 | €668 | €668 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,375 | €17,413 | +€16,037 | +1,166% |
| Equity | 10/15 | -€12,300 | -€2,079 | +€10,220 | +83.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,710 | -€22,489 | +€10,220 | +31.2% |
| Amounts payable | 17/49 | €13,675 | €19,492 | +€5,817 | +42.5% |
| Amounts payable within one year | 42/48 | €12,955 | €18,772 | +€5,817 | +44.9% |
| Trade debts | 44 | €847 | €13,466 | +€12,619 | +1,490% |
| Suppliers | 440/4 | €847 | €13,466 | +€12,619 | +1,490% |
| Taxes, remuneration and social security | 45 | €1,611 | €5,306 | +€3,695 | +229% |
| Taxes | 450/3 | €1,611 | €5,306 | +€3,695 | +229% |
| Other amounts payable | 47/48 | €10,497 | €0 | -€10,497 | -100% |
| Accrued charges and deferred income | 492/3 | €720 | €720 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €747 | +€747 | |
| Other operating charges | 640/8 | €591 | €465 | -€126 | -21.3% |
| Gross operating margin | 9900 | €18,443 | €15,203 | -€3,241 | -17.6% |
| Operating profit (loss) | 9901 | €17,852 | €13,990 | -€3,862 | -21.6% |
| Financial charges | 65/66B | €277 | €69 | -€208 | -75.0% |
| Recurring financial charges | 65 | €277 | €69 | -€208 | -75.0% |
| Profit (loss) for the period before taxes | 9903 | €17,575 | €13,921 | -€3,654 | -20.8% |
| Income taxes | 67/77 | €4,605 | €3,701 | -€904 | -19.6% |
| Profit (loss) for the period | 9904 | €12,970 | €10,220 | -€2,750 | -21.2% |
| Profit (loss) for the period to be appropriated | 9905 | €12,970 | €10,220 | -€2,750 | -21.2% |
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 20 October 2026 via checked.be.