VAN MIEGHEM 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
VAN MIEGHEM LOGISTICS
NACE 52.250, Logistics services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€23,082
2024 · €117,802-€94,720
Equity
€1.3m
2024 · €1.3m+€23,082
Cash
€756,745
2024 · €197,124+€559,621
Balance sheet total
€17.1m
2024 · €14.8m+€2.4m
Largest movements
Assets
- Receivables within one year +€1.3m
up €1.3m (+9.5%), from €13.7m to €14.9m
of which Trade receivables: +€1.5m
- Cash +€559,621
up €559,621 (+284%), from €197,124 to €756,745
mainly Trade debts (+€1.9m) and Tax, wage and social debts (+€398,824)
- Tangible fixed assets +€523,464
up €523,464 (+84.8%), from €617,598 to €1.1m
of which Land and buildings: +€496,363
Equity and liabilities
- Trade debts +€1.9m
up €1.9m (+17.0%), from €11.3m to €13.2m
- Tax, wage and social debts +€398,824
up €398,824 (+23.5%), from €1.7m to €2.1m
of which Remuneration and social security: +€236,209
Income statement
- Turnover +€4.4m
up €4.4m (+5.6%), from €78.6m to €83.0m
- Services and other goods +€3.6m
up €3.6m (+5.1%), from €70.2m to €73.8m
- Staff costs +€1.9m
up €1.9m (+17.9%), from €10.4m to €12.2m
- Other operating income +€950,243
up €950,243 (+43.2%), from €2.2m to €3.2m
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
€117,802
Turnover
+€4.4m
Other operating income
+€950,243
Services and other goods
-€3.6m
Staff costs
-€1.9m
Depreciation
-€23,077
Write-downs
+€35,050
Other operating charges
-€1,239
Other operating items
+€1,900
Financial income
-€33,148
Financial charges
+€7,980
Taxes
+€1,351
Result 2025
€23,082
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
+€1.1m
Investment
-€579,929
Financing
€0
Cash 2024
€197,124
From operations (derived)
+€1.1m
Net result for the year
+€23,082
Depreciation
+€59,265
Receivables after one year
+€4,428
Receivables within one year
-€1.3m
Trade debts
+€1.9m
Tax, wage and social debts
+€398,824
Advances received
+€28,128
Other debts
+€49,875
Accrued charges and deferred income
-€51,951
Investment (derived)
-€579,929
Investment in fixed assets (net)
-€579,929
Cash 2025
€756,745
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,770,123 | €17,137,116 | +€2.4m | +16.0% |
| Fixed assets | 21/28 | €715,698 | €1,236,362 | +€520,664 | +72.7% |
| Tangible fixed assets | 22/27 | €617,598 | €1,141,063 | +€523,464 | +84.8% |
| Land and buildings | 22 | €559,757 | €1,056,120 | +€496,363 | +88.7% |
| Plant, machinery and equipment | 23 | €57,841 | €84,942 | +€27,102 | +46.9% |
| Financial fixed assets | 28 | €98,100 | €95,300 | -€2,800 | -2.9% |
| Other financial fixed assets | 284/8 | €98,100 | €95,300 | -€2,800 | -2.9% |
| Shares | 284 | €67,160 | €67,160 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €30,939 | €28,139 | -€2,800 | -9.0% |
| Current assets | 29/58 | €14,054,426 | €15,900,754 | +€1.8m | +13.1% |
| Amounts receivable after more than one year | 29 | €200,312 | €195,884 | -€4,428 | -2.2% |
| Other amounts receivable | 291 | €200,312 | €195,884 | -€4,428 | -2.2% |
| Amounts receivable within one year | 40/41 | €13,656,989 | €14,948,125 | +€1.3m | +9.5% |
| Trade receivables | 40 | €13,326,443 | €14,829,567 | +€1.5m | +11.3% |
| Other amounts receivable | 41 | €330,547 | €118,558 | -€211,989 | -64.1% |
| Cash at bank and in hand | 54/58 | €197,124 | €756,745 | +€559,621 | +284% |
| Total equity and liabilities | 10/49 | €14,770,123 | €17,137,116 | +€2.4m | +16.0% |
| Equity | 10/15 | €1,300,524 | €1,323,606 | +€23,082 | +1.8% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €357,402 | €357,402 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Legal reserve | 130 | €6,250 | €6,250 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,652 | €3,652 | = | 0.0% |
| Distributable reserves | 133 | €347,500 | €347,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €880,622 | €903,704 | +€23,082 | +2.6% |
| Provisions and deferred taxes | 16 | €130,687 | €130,687 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €130,687 | €130,687 | = | 0.0% |
| Pensions and similar obligations | 160 | €55,687 | €55,687 | = | 0.0% |
| Other liabilities and charges | 164/5 | €75,000 | €75,000 | = | 0.0% |
| Amounts payable | 17/49 | €13,338,913 | €15,682,823 | +€2.3m | +17.6% |
| Amounts payable within one year | 42/48 | €12,995,356 | €15,391,217 | +€2.4m | +18.4% |
| Trade debts | 44 | €11,257,317 | €13,176,351 | +€1.9m | +17.0% |
| Suppliers | 440/4 | €11,257,317 | €13,176,351 | +€1.9m | +17.0% |
| Advances received on contracts in progress | 46 | - | €28,128 | +€28,128 | |
| Taxes, remuneration and social security | 45 | €1,697,836 | €2,096,661 | +€398,824 | +23.5% |
| Taxes | 450/3 | €313,463 | €476,078 | +€162,615 | +51.9% |
| Remuneration and social security | 454/9 | €1,384,374 | €1,620,583 | +€236,209 | +17.1% |
| Other amounts payable | 47/48 | €40,202 | €90,078 | +€49,875 | +124% |
| Accrued charges and deferred income | 492/3 | €343,557 | €291,606 | -€51,951 | -15.1% |
| Operating income | 70/76A | €80,786,640 | €86,142,782 | +€5.4m | +6.6% |
| Turnover | 70 | €78,584,765 | €82,988,763 | +€4.4m | +5.6% |
| Other operating income | 74 | €2,201,875 | €3,152,118 | +€950,243 | +43.2% |
| Non-recurring operating income | 76A | - | €1,900 | +€1,900 | |
| Operating charges | 60/66A | €80,697,901 | €86,124,944 | +€5.4m | +6.7% |
| Services and other goods | 61 | €70,227,276 | €73,805,851 | +€3.6m | +5.1% |
| Remuneration, social security and pensions | 62 | €10,385,209 | €12,244,410 | +€1.9m | +17.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,188 | €59,265 | +€23,077 | +63.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €39,841 | €4,791 | -€35,050 | -88.0% |
| Other operating charges | 640/8 | €9,388 | €10,627 | +€1,239 | +13.2% |
| Operating profit (loss) | 9901 | €88,739 | €17,838 | -€70,902 | -79.9% |
| Financial income | 75/76B | €130,675 | €97,527 | -€33,148 | -25.4% |
| Recurring financial income | 75 | €130,675 | €97,527 | -€33,148 | -25.4% |
| Income from current assets | 751 | €2,387 | €4,373 | +€1,986 | +83.2% |
| Other financial income | 752/9 | €128,288 | €93,154 | -€35,135 | -27.4% |
| Financial charges | 65/66B | €23,593 | €15,613 | -€7,980 | -33.8% |
| Recurring financial charges | 65 | €23,593 | €15,613 | -€7,980 | -33.8% |
| Debt charges | 650 | €15,274 | €12,094 | -€3,180 | -20.8% |
| Other financial charges | 652/9 | €8,319 | €3,519 | -€4,800 | -57.7% |
| Profit (loss) for the period before taxes | 9903 | €195,822 | €99,751 | -€96,070 | -49.1% |
| Income taxes | 67/77 | €78,020 | €76,669 | -€1,351 | -1.7% |
| Taxes | 670/3 | €78,020 | €76,669 | -€1,351 | -1.7% |
| Profit (loss) for the period | 9904 | €117,802 | €23,082 | -€94,720 | -80.4% |
| Profit (loss) for the period to be appropriated | 9905 | €117,802 | €23,082 | -€94,720 | -80.4% |
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 18 October 2026 via checked.be.