Warehouse: 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
Warehouse
NACE 49.410, Freight transport by road
financial year 2025 compared with 2024not consecutivefiled annual accounts (NBB)
Net result for the year
-€2.7m
2024 · -€57,132-€2.6m
Equity
-€2.6m
2024 · €147,704-€2.7m
Cash
€9,241
2024 · €14,843-€5,603
Balance sheet total
€4.7m
2024 · €5.5m-€828,013
Largest movements
Assets
- Financial fixed assets -€970,000
down €970,000 (-97.7%), from €992,569 to €22,569
of which Affiliated companies: -€970,000
- Receivables after one year +€970,000
new in 2025: €970,000
- Receivables within one year -€735,407
down €735,407 (-16.9%), from €4.4m to €3.6m
of which Trade receivables: -€874,432
- Deferred charges and accrued income -€56,189
down €56,189 (-88.8%), from €63,274 to €7,084
Equity and liabilities
- Profit (loss) carried forward -€2.7m
down €2.7m (-4,724%), from -€57,132 to -€2.8m
- Other debts +€983,990
up €983,990 (+97,406%), from €1,010 to €985,000
- Trade debts +€850,370
up €850,370 (+26.3%), from €3.2m to €4.1m
- Short-term financial debts +€210,344
up €210,344 (+12.6%), from €1.7m to €1.9m
- Tax, wage and social debts -€148,442
down €148,442 (-34.1%), from €435,003 to €286,560
of which Remuneration and social security: -€75,068
Income statement
- Turnover +€4.7m
up €4.7m (+18.7%), from €24.9m to €29.5m
- Goods and materials +€4.4m
up €4.4m (+24.2%), from €18.1m to €22.5m
- Services and other goods +€2.1m
up €2.1m (+43.2%), from €4.8m to €6.9m
- Staff costs +€617,052
up €617,052 (+32.8%), from €1.9m to €2.5m
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
-€57,132
Turnover
+€4.7m
Other operating income
+€77,478
Goods and materials
-€4.4m
Services and other goods
-€2.1m
Staff costs
-€617,052
Depreciation
+€6,926
Write-downs
-€168,775
Other operating charges
-€69,363
Other operating items
-€2,171
Financial income
-€53,868
Financial charges
-€11,027
Taxes
+€291
Result 2025
-€2.7m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,512,943 | €4,684,930 | -€828,013 | -15.0% |
| Fixed assets | 21/28 | €1,082,918 | €82,105 | -€1.0m | -92.4% |
| Intangible fixed assets | 21 | - | €4,978 | +€4,978 | |
| Tangible fixed assets | 22/27 | €90,349 | €54,557 | -€35,792 | -39.6% |
| Plant, machinery and equipment | 23 | €36,457 | €26,177 | -€10,280 | -28.2% |
| Furniture and vehicles | 24 | €22,590 | €27,571 | +€4,981 | +22.1% |
| Leasing and similar rights | 25 | €27,017 | - | -€27,017 | |
| Other tangible fixed assets | 26 | €4,286 | €810 | -€3,476 | -81.1% |
| Financial fixed assets | 28 | €992,569 | €22,569 | -€970,000 | -97.7% |
| Affiliated companies | 280/1 | €970,000 | - | -€970,000 | |
| Amounts receivable | 281 | €970,000 | - | -€970,000 | |
| Other financial fixed assets | 284/8 | €22,569 | €22,569 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €22,569 | €22,569 | = | 0.0% |
| Current assets | 29/58 | €4,430,025 | €4,602,826 | +€172,801 | +3.9% |
| Amounts receivable after more than one year | 29 | - | €970,000 | +€970,000 | |
| Other amounts receivable | 291 | - | €970,000 | +€970,000 | |
| Amounts receivable within one year | 40/41 | €4,351,908 | €3,616,501 | -€735,407 | -16.9% |
| Trade receivables | 40 | €3,994,881 | €3,120,449 | -€874,432 | -21.9% |
| Other amounts receivable | 41 | €357,027 | €496,052 | +€139,024 | +38.9% |
| Cash at bank and in hand | 54/58 | €14,843 | €9,241 | -€5,603 | -37.7% |
| Deferred charges and accrued income | 490/1 | €63,274 | €7,084 | -€56,189 | -88.8% |
| Total equity and liabilities | 10/49 | €5,512,943 | €4,684,930 | -€828,013 | -15.0% |
| Equity | 10/15 | €147,704 | -€2,550,976 | -€2.7m | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €186,236 | €186,236 | = | 0.0% |
| Distributable reserves | 133 | €186,236 | €186,236 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€57,132 | -€2,755,812 | -€2.7m | -4,724% |
| Amounts payable | 17/49 | €5,365,239 | €7,235,906 | +€1.9m | +34.9% |
| Amounts payable after more than one year | 17 | €2,689 | - | -€2,689 | |
| Financial debts | 170/4 | €2,689 | - | -€2,689 | |
| Leasing and similar obligations | 172 | €2,689 | - | -€2,689 | |
| Amounts payable within one year | 42/48 | €5,355,561 | €7,235,906 | +€1.9m | +35.1% |
| Current portion of amounts payable after more than one year | 42 | €15,917 | - | -€15,917 | |
| Financial debts | 43 | €1,671,069 | €1,881,414 | +€210,344 | +12.6% |
| Credit institutions | 430/8 | €1,671,069 | €1,881,414 | +€210,344 | +12.6% |
| Trade debts | 44 | €3,232,562 | €4,082,932 | +€850,370 | +26.3% |
| Suppliers | 440/4 | €3,232,562 | €4,082,932 | +€850,370 | +26.3% |
| Taxes, remuneration and social security | 45 | €435,003 | €286,560 | -€148,442 | -34.1% |
| Taxes | 450/3 | €115,048 | €41,674 | -€73,374 | -63.8% |
| Remuneration and social security | 454/9 | €319,955 | €244,887 | -€75,068 | -23.5% |
| Other amounts payable | 47/48 | €1,010 | €985,000 | +€983,990 | +97,406% |
| Accrued charges and deferred income | 492/3 | €6,989 | - | -€6,989 | |
| Operating income | 70/76A | €25,050,073 | €29,826,057 | +€4.8m | +19.1% |
| Turnover | 70 | €24,850,765 | €29,509,558 | +€4.7m | +18.7% |
| Other operating income | 74 | €199,308 | €276,787 | +€77,478 | +38.9% |
| Non-recurring operating income | 76A | - | €39,713 | +€39,713 | |
| Operating charges | 60/66A | €25,098,159 | €32,451,087 | +€7.4m | +29.3% |
| Goods for resale, raw materials and consumables | 60 | €18,093,925 | €22,468,890 | +€4.4m | +24.2% |
| Purchases | 600/8 | €18,093,925 | €22,468,890 | +€4.4m | +24.2% |
| Services and other goods | 61 | €4,834,760 | €6,922,576 | +€2.1m | +43.2% |
| Remuneration, social security and pensions | 62 | €1,879,707 | €2,496,759 | +€617,052 | +32.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,719 | €48,793 | -€6,926 | -12.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€3,021 | €165,754 | +€168,775 | |
| Other operating charges | 640/8 | €148,737 | €218,100 | +€69,363 | +46.6% |
| Non-recurring operating charges | 66A | €88,333 | €130,216 | +€41,884 | +47.4% |
| Operating profit (loss) | 9901 | -€48,086 | -€2,625,030 | -€2.6m | -5,359% |
| Financial income | 75/76B | €89,810 | €35,942 | -€53,868 | -60.0% |
| Recurring financial income | 75 | €89,810 | €35,942 | -€53,868 | -60.0% |
| Income from financial fixed assets | 750 | €48,308 | €16,093 | -€32,215 | -66.7% |
| Income from current assets | 751 | €3,855 | €2,373 | -€1,482 | -38.4% |
| Other financial income | 752/9 | €37,647 | €17,476 | -€20,172 | -53.6% |
| Financial charges | 65/66B | €95,854 | €106,881 | +€11,027 | +11.5% |
| Recurring financial charges | 65 | €95,854 | €106,881 | +€11,027 | +11.5% |
| Debt charges | 650 | €2,600 | €9,216 | +€6,616 | +254% |
| Other financial charges | 652/9 | €93,254 | €97,666 | +€4,412 | +4.7% |
| Profit (loss) for the period before taxes | 9903 | -€54,130 | -€2,695,969 | -€2.6m | -4,881% |
| Income taxes | 67/77 | €3,002 | €2,711 | -€291 | -9.7% |
| Taxes | 670/3 | €3,002 | €2,711 | -€291 | -9.7% |
| Profit (loss) for the period | 9904 | -€57,132 | -€2,698,680 | -€2.6m | -4,624% |
| Profit (loss) for the period to be appropriated | 9905 | -€57,132 | -€2,698,680 | -€2.6m | -4,624% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.