WA 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.
WA LOGISTICS
Largest movements
- Receivables within one year -€6,479
down €6,479 (-32.5%), from €19,913 to €13,434
of which Other amounts receivable: -€4,773
- Cash -€5,682
down €5,682 (-21.9%), from €25,979 to €20,297
mainly Tax, wage and social debts (-€10,066) and Other debts (-€10,000)
- Tangible fixed assets -€1,483
down €1,483 (-75.9%), from €1,955 to €472
- Tax, wage and social debts -€10,066
down €10,066 (-57.1%), from €17,635 to €7,568
- Other debts -€10,000
no longer reported in 2025 (was €10,000)
- Profit (loss) carried forward +€6,095
up €6,095 (+308%), from €1,980 to €8,076
- Gross operating margin -€7,257
down €7,257 (-37.5%), from €19,360 to €12,103
- Depreciation -€1,904
down €1,904 (-56.2%), from €3,387 to €1,483
- Taxes -€988
down €988 (-21.2%), from €4,669 to €3,681
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 | €48,541 | €34,519 | -€14,022 | -28.9% |
| Fixed assets | 21/28 | €2,255 | €772 | -€1,483 | -65.8% |
| Tangible fixed assets | 22/27 | €1,955 | €472 | -€1,483 | -75.9% |
| Furniture and vehicles | 24 | €1,955 | €472 | -€1,483 | -75.9% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €46,286 | €33,747 | -€12,539 | -27.1% |
| Amounts receivable within one year | 40/41 | €19,913 | €13,434 | -€6,479 | -32.5% |
| Trade receivables | 40 | €7,913 | €6,207 | -€1,706 | -21.6% |
| Other amounts receivable | 41 | €12,000 | €7,227 | -€4,773 | -39.8% |
| Cash at bank and in hand | 54/58 | €25,979 | €20,297 | -€5,682 | -21.9% |
| Deferred charges and accrued income | 490/1 | €393 | €15 | -€378 | -96.1% |
| Total equity and liabilities | 10/49 | €48,541 | €34,519 | -€14,022 | -28.9% |
| Equity | 10/15 | €20,580 | €26,676 | +€6,095 | +29.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,980 | €8,076 | +€6,095 | +308% |
| Amounts payable | 17/49 | €27,960 | €7,843 | -€20,117 | -71.9% |
| Amounts payable within one year | 42/48 | €27,960 | €7,810 | -€20,150 | -72.1% |
| Trade debts | 44 | €325 | €242 | -€84 | -25.8% |
| Suppliers | 440/4 | €325 | €242 | -€84 | -25.8% |
| Taxes, remuneration and social security | 45 | €17,635 | €7,568 | -€10,066 | -57.1% |
| Taxes | 450/3 | €17,635 | €7,568 | -€10,066 | -57.1% |
| Other amounts payable | 47/48 | €10,000 | - | -€10,000 | |
| Accrued charges and deferred income | 492/3 | - | €33 | +€33 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,387 | €1,483 | -€1,904 | -56.2% |
| Other operating charges | 640/8 | €995 | €934 | -€61 | -6.1% |
| Gross operating margin | 9900 | €19,360 | €12,103 | -€7,257 | -37.5% |
| Operating profit (loss) | 9901 | €14,978 | €9,687 | -€5,291 | -35.3% |
| Financial income | 75/76B | - | €185 | +€185 | |
| Recurring financial income | 75 | - | €185 | +€185 | |
| Financial charges | 65/66B | €89 | €96 | +€7 | +7.8% |
| Recurring financial charges | 65 | €89 | €96 | +€7 | +7.8% |
| Profit (loss) for the period before taxes | 9903 | €14,889 | €9,776 | -€5,114 | -34.3% |
| Income taxes | 67/77 | €4,669 | €3,681 | -€988 | -21.2% |
| Profit (loss) for the period | 9904 | €10,220 | €6,095 | -€4,125 | -40.4% |
| Profit (loss) for the period to be appropriated | 9905 | €10,220 | €6,095 | -€4,125 | -40.4% |
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 20 October 2026 via checked.be.