V.B. 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.
V.B. LOGISTICS
Largest movements
- Receivables within one year +€2.8m
up €2.8m (+113767.7%), from €2,475 to €2.8m
of which Other amounts receivable: +€2.8m
- Cash -€1.8m
down €1.8m (-96.4%), from €1.8m to €65,889
mainly Contributions, distributions and other (-€6.8m) and Receivables within one year (-€2.8m)
- Tangible fixed assets -€421,109
down €421,109 (-8.8%), from €4.8m to €4.3m
- Deferred charges and accrued income +€318,220
up €318,220 (+87.8%), from €362,472 to €680,693
- Other debts +€6.8m
new in 2024: €6.8m
- Reserves -€5.7m
down €5.7m (-93.4%), from €6.1m to €404,508
of which Distributable reserves: -€5.7m
- Debts after one year -€415,768
down €415,768 (-10.1%), from €4.1m to €3.7m
- Tax, wage and social debts +€251,842
up €251,842 (+56.7%), from €443,869 to €695,711
of which Taxes: +€251,842
- Turnover -€290,042
down €290,042 (-12.3%), from €2.4m to €2.1m
- Other operating charges -€95,274
down €95,274 (-45.3%), from €210,486 to €115,213
- Financial income +€54,135
up €54,135 (+15.7%), from €345,248 to €399,383
- Services and other goods -€47,164
down €47,164 (-39.7%), from €118,936 to €71,772
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,970,641 | €12,907,554 | +€936,913 | +7.8% |
| Fixed assets | 21/28 | €9,763,389 | €9,342,279 | -€421,109 | -4.3% |
| Tangible fixed assets | 22/27 | €4,763,389 | €4,342,279 | -€421,109 | -8.8% |
| Land and buildings | 22 | €4,763,389 | €4,342,279 | -€421,109 | -8.8% |
| Financial fixed assets | 28 | €5,000,000 | €5,000,000 | = | 0.0% |
| Affiliated companies | 280/1 | €5,000,000 | €5,000,000 | = | 0.0% |
| Amounts receivable | 281 | €5,000,000 | €5,000,000 | = | 0.0% |
| Current assets | 29/58 | €2,207,252 | €3,565,274 | +€1.4m | +61.5% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €2,475 | €2,818,692 | +€2.8m | +113767.7% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €2,475 | €2,818,692 | +€2.8m | +113767.7% |
| Cash at bank and in hand | 54/58 | €1,842,305 | €65,889 | -€1.8m | -96.4% |
| Deferred charges and accrued income | 490/1 | €362,472 | €680,693 | +€318,220 | +87.8% |
| Total equity and liabilities | 10/49 | €11,970,641 | €12,907,554 | +€936,913 | +7.8% |
| Equity | 10/15 | €6,944,030 | €1,237,688 | -€5.7m | -82.2% |
| Contributions | 10/11 | €820,972 | €820,972 | = | 0.0% |
| Capital | 10 | €820,972 | €820,972 | = | 0.0% |
| Issued capital | 100 | €820,972 | €820,972 | = | 0.0% |
| Reserves | 13 | €6,110,851 | €404,508 | -€5.7m | -93.4% |
| Non-distributable reserves | 130/1 | €82,097 | €82,097 | = | 0.0% |
| Legal reserve | 130 | €82,097 | €82,097 | = | 0.0% |
| Tax-exempt reserves | 132 | €30,309 | €27,808 | -€2,502 | -8.3% |
| Distributable reserves | 133 | €5,998,444 | €294,603 | -€5.7m | -95.1% |
| Investment grants | 15 | €12,208 | €12,208 | = | 0.0% |
| Provisions and deferred taxes | 16 | €10,103 | €9,269 | -€834 | -8.3% |
| Deferred taxes | 168 | €10,103 | €9,269 | -€834 | -8.3% |
| Amounts payable | 17/49 | €5,016,507 | €11,660,597 | +€6.6m | +132.4% |
| Amounts payable after more than one year | 17 | €4,125,270 | €3,709,502 | -€415,768 | -10.1% |
| Financial debts | 170/4 | €4,125,270 | €3,709,502 | -€415,768 | -10.1% |
| Credit institutions | 173 | €4,125,270 | €3,709,502 | -€415,768 | -10.1% |
| Amounts payable within one year | 42/48 | €859,365 | €7,927,080 | +€7.1m | +822.4% |
| Current portion of amounts payable after more than one year | 42 | €375,270 | €415,768 | +€40,498 | +10.8% |
| Trade debts | 44 | €40,226 | €15,601 | -€24,625 | -61.2% |
| Suppliers | 440/4 | €40,226 | €15,601 | -€24,625 | -61.2% |
| Taxes, remuneration and social security | 45 | €443,869 | €695,711 | +€251,842 | +56.7% |
| Taxes | 450/3 | €443,869 | €695,711 | +€251,842 | +56.7% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | - | €6,800,000 | +€6.8m | |
| Accrued charges and deferred income | 492/3 | €31,872 | €24,015 | -€7,857 | -24.7% |
| Operating income | 70/76A | €2,370,555 | €2,075,838 | -€294,717 | -12.4% |
| Turnover | 70 | €2,365,880 | €2,075,838 | -€290,042 | -12.3% |
| Other operating income | 74 | €4,676 | €0 | -€4,676 | -100.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Operating charges | 60/66A | €754,680 | €608,094 | -€146,586 | -19.4% |
| Services and other goods | 61 | €118,936 | €71,772 | -€47,164 | -39.7% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €425,259 | €421,109 | -€4,149 | -1.0% |
| Other operating charges | 640/8 | €210,486 | €115,213 | -€95,274 | -45.3% |
| Operating profit (loss) | 9901 | €1,615,875 | €1,467,744 | -€148,131 | -9.2% |
| Financial income | 75/76B | €345,248 | €399,383 | +€54,135 | +15.7% |
| Recurring financial income | 75 | €345,248 | €399,383 | +€54,135 | +15.7% |
| Income from financial fixed assets | 750 | €305,776 | €336,739 | +€30,963 | +10.1% |
| Income from current assets | 751 | €39,473 | €62,644 | +€23,171 | +58.7% |
| Financial charges | 65/66B | €300,639 | €307,462 | +€6,823 | +2.3% |
| Recurring financial charges | 65 | €300,639 | €307,462 | +€6,823 | +2.3% |
| Debt charges | 650 | €299,661 | €306,445 | +€6,784 | +2.3% |
| Other financial charges | 652/9 | €978 | €1,017 | +€38 | +3.9% |
| Profit (loss) for the period before taxes | 9903 | €1,660,484 | €1,559,665 | -€100,819 | -6.1% |
| Transfer from deferred taxes | 780 | €451 | €834 | +€383 | +84.7% |
| Income taxes | 67/77 | €443,869 | €466,842 | +€22,973 | +5.2% |
| Taxes | 670/3 | €443,869 | €466,842 | +€22,973 | +5.2% |
| Profit (loss) for the period | 9904 | €1,217,067 | €1,093,657 | -€123,410 | -10.1% |
| Transfer from tax-exempt reserves | 789 | €2,502 | €2,502 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,219,569 | €1,096,159 | -€123,410 | -10.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.