WIDEM 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
WIDEM LOGISTICS
NACE 49.410, Freight transport by road
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€4.0m
2024 · €5.2m-€1.3m
Equity
€20.0m
2024 · €16.3m+€3.7m
Cash
€4.4m
2024 · €8.4m-€4.1m
Balance sheet total
€50.0m
2024 · €44.8m+€5.2m
Largest movements
Assets
- Receivables within one year +€4.1m
up €4.1m (+35.2%), from €11.7m to €15.8m
of which Trade receivables: +€3.9m
- Cash -€4.1m
down €4.1m (-48.5%), from €8.4m to €4.4m
mainly Investment in fixed assets (net) (-€4.7m) and Receivables within one year (-€4.1m)
- Current investments +€2.9m
up €2.9m (+26.1%), from €11.0m to €13.8m
- Tangible fixed assets +€1.7m
up €1.7m (+14.9%), from €11.2m to €12.9m
of which Furniture and vehicles: +€1.8m
- Deferred charges and accrued income +€831,390
up €831,390 (+655.0%), from €126,938 to €958,328
Equity and liabilities
- Reserves +€3.8m
up €3.8m (+23.6%), from €16.1m to €19.9m
of which Distributable reserves: +€3.9m
- Tax, wage and social debts +€2.8m
up €2.8m (+89.8%), from €3.1m to €5.9m
of which Taxes: +€2.8m
- Other debts -€2.5m
down €2.5m (-82.2%), from €3.1m to €549,673
- Current portion of long-term debt +€628,787
up €628,787 (+21.1%), from €3.0m to €3.6m
- Trade debts +€613,183
up €613,183 (+7.6%), from €8.0m to €8.7m
Income statement
- Goods and materials +€4.0m
up €4.0m (+10.1%), from €39.3m to €43.2m
- Financial income +€2.3m
up €2.3m (+190.7%), from €1.2m to €3.6m
- Write-downs -€971,033
down €971,033, from €464,004 to -€507,029
- Financial charges -€862,570
down €862,570 (-66.0%), from €1.3m to €444,745
of which Financial charges: -€969,777
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
€5.2m
Turnover
+€473,256
Other operating income
+€60,959
Goods and materials
-€4.0m
Services and other goods
-€122,919
Staff costs
+€226,881
Depreciation
-€533,235
Write-downs
+€971,033
Provisions
-€69,921
Other operating charges
-€332,345
Other operating items
-€1.2m
Financial income
+€2.3m
Financial charges
+€862,570
Taxes
-€224,903
Deferred taxes and other
+€283,096
Result 2025
€4.0m
Cash bridge derived
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
+€3.1m
Investment
-€7.5m
Financing
+€368,136
Cash 2024
€8.4m
From operations (derived)
+€3.1m
Net result for the year
+€4.0m
Depreciation
+€3.2m
Receivables after one year
+€20,634
Receivables within one year
-€4.1m
Deferred charges and accrued income
-€831,390
Provisions
-€1,633
Trade debts
+€613,183
Tax, wage and social debts
+€2.8m
Other debts
-€2.5m
Accrued charges and deferred income
-€40,225
Investment (derived)
-€7.5m
Investment in fixed assets (net)
-€4.7m
Current investments
-€2.9m
Financing
+€368,136
Debts after one year
+€594,468
Current portion of long-term debt
+€628,787
Short-term financial debts
-€555,119
Contributions, distributions and other
-€300,000
Cash 2025
€4.4m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €44,773,239 | €49,975,970 | +€5.2m | +11.6% |
| Fixed assets | 21/28 | €13,504,784 | €15,000,860 | +€1.5m | +11.1% |
| Intangible fixed assets | 21 | €10,283 | €4,831 | -€5,452 | -53.0% |
| Tangible fixed assets | 22/27 | €11,228,412 | €12,904,103 | +€1.7m | +14.9% |
| Land and buildings | 22 | €89 | €0 | -€89 | -100.0% |
| Plant, machinery and equipment | 23 | €163,194 | €146,939 | -€16,255 | -10.0% |
| Furniture and vehicles | 24 | €4,062,145 | €5,900,897 | +€1.8m | +45.3% |
| Leasing and similar rights | 25 | €1,818,077 | €921,395 | -€896,682 | -49.3% |
| Other tangible fixed assets | 26 | €5,184,908 | €5,934,872 | +€749,964 | +14.5% |
| Financial fixed assets | 28 | €2,266,089 | €2,091,926 | -€174,163 | -7.7% |
| Affiliated companies | 280/1 | €2,264,301 | €2,090,138 | -€174,163 | -7.7% |
| Amounts receivable | 281 | €2,264,301 | €2,090,138 | -€174,163 | -7.7% |
| Other financial fixed assets | 284/8 | €1,788 | €1,788 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €1,788 | €1,788 | = | 0.0% |
| Current assets | 29/58 | €31,268,454 | €34,975,110 | +€3.7m | +11.9% |
| Amounts receivable after more than one year | 29 | €20,634 | €0 | -€20,634 | -100.0% |
| Other amounts receivable | 291 | €20,634 | €0 | -€20,634 | -100.0% |
| Stocks and contracts in progress | 3 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €11,705,551 | €15,827,165 | +€4.1m | +35.2% |
| Trade receivables | 40 | €10,821,231 | €14,768,292 | +€3.9m | +36.5% |
| Other amounts receivable | 41 | €884,320 | €1,058,874 | +€174,554 | +19.7% |
| Current investments | 50/53 | €10,972,335 | €13,838,035 | +€2.9m | +26.1% |
| Other investments | 51/53 | €10,972,335 | €13,838,035 | +€2.9m | +26.1% |
| Cash at bank and in hand | 54/58 | €8,442,997 | €4,351,581 | -€4.1m | -48.5% |
| Deferred charges and accrued income | 490/1 | €126,938 | €958,328 | +€831,390 | +655.0% |
| Total equity and liabilities | 10/49 | €44,773,239 | €49,975,970 | +€5.2m | +11.6% |
| Equity | 10/15 | €16,341,826 | €20,027,251 | +€3.7m | +22.6% |
| Contributions | 10/11 | €124,000 | €124,000 | = | 0.0% |
| Capital | 10 | €124,000 | €124,000 | = | 0.0% |
| Issued capital | 100 | €124,000 | €124,000 | = | 0.0% |
| Reserves | 13 | €16,063,862 | €19,853,782 | +€3.8m | +23.6% |
| Non-distributable reserves | 130/1 | €12,400 | €12,400 | = | 0.0% |
| Legal reserve | 130 | €12,400 | €12,400 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,751,462 | €5,641,382 | -€110,080 | -1.9% |
| Distributable reserves | 133 | €10,300,000 | €14,200,000 | +€3.9m | +37.9% |
| Profit (loss) carried forward | 14 | €153,963 | €49,468 | -€104,495 | -67.9% |
| Provisions and deferred taxes | 16 | €356,420 | €354,787 | -€1,633 | -0.5% |
| Provisions for liabilities and charges | 160/5 | €64,362 | €62,544 | -€1,818 | -2.8% |
| Other liabilities and charges | 164/5 | €64,362 | €62,544 | -€1,818 | -2.8% |
| Deferred taxes | 168 | €292,058 | €292,243 | +€185 | +0.1% |
| Amounts payable | 17/49 | €28,074,993 | €29,593,932 | +€1.5m | +5.4% |
| Amounts payable after more than one year | 17 | €8,365,624 | €8,960,092 | +€594,468 | +7.1% |
| Financial debts | 170/4 | €6,179,012 | €6,197,565 | +€18,554 | +0.3% |
| Leasing and similar obligations | 172 | €936,332 | €407,195 | -€529,137 | -56.5% |
| Credit institutions | 173 | €5,242,680 | €5,790,370 | +€547,690 | +10.4% |
| Other amounts payable | 178/9 | €2,186,612 | €2,762,526 | +€575,914 | +26.3% |
| Amounts payable within one year | 42/48 | €19,634,942 | €20,599,638 | +€964,696 | +4.9% |
| Current portion of amounts payable after more than one year | 42 | €2,985,250 | €3,614,037 | +€628,787 | +21.1% |
| Financial debts | 43 | €2,392,109 | €1,836,990 | -€555,119 | -23.2% |
| Credit institutions | 430/8 | €2,392,109 | €1,836,990 | -€555,119 | -23.2% |
| Trade debts | 44 | €8,041,212 | €8,654,395 | +€613,183 | +7.6% |
| Suppliers | 440/4 | €8,041,212 | €8,654,395 | +€613,183 | +7.6% |
| Taxes, remuneration and social security | 45 | €3,132,641 | €5,944,543 | +€2.8m | +89.8% |
| Taxes | 450/3 | €1,661,638 | €4,488,486 | +€2.8m | +170.1% |
| Remuneration and social security | 454/9 | €1,471,003 | €1,456,058 | -€14,945 | -1.0% |
| Other amounts payable | 47/48 | €3,083,730 | €549,673 | -€2.5m | -82.2% |
| Accrued charges and deferred income | 492/3 | €74,427 | €34,202 | -€40,225 | -54.0% |
| Operating income | 70/76A | €80,197,036 | €79,433,885 | -€763,151 | -1.0% |
| Turnover | 70 | €77,566,067 | €78,039,322 | +€473,256 | +0.6% |
| Other operating income | 74 | €1,237,067 | €1,298,026 | +€60,959 | +4.9% |
| Non-recurring operating income | 76A | €1,393,903 | €96,536 | -€1.3m | -93.1% |
| Operating charges | 60/66A | €73,587,915 | €77,345,164 | +€3.8m | +5.1% |
| Goods for resale, raw materials and consumables | 60 | €39,280,307 | €43,246,928 | +€4.0m | +10.1% |
| Purchases | 600/8 | €39,280,307 | €43,246,928 | +€4.0m | +10.1% |
| Services and other goods | 61 | €15,921,536 | €16,044,456 | +€122,919 | +0.8% |
| Remuneration, social security and pensions | 62 | €15,025,288 | €14,798,407 | -€226,881 | -1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,638,549 | €3,171,784 | +€533,235 | +20.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €464,004 | -€507,029 | -€971,033 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€71,739 | -€1,818 | +€69,921 | +97.5% |
| Other operating charges | 640/8 | €202,703 | €535,048 | +€332,345 | +164.0% |
| Non-recurring operating charges | 66A | €127,266 | €57,387 | -€69,879 | -54.9% |
| Operating profit (loss) | 9901 | €6,609,121 | €2,088,721 | -€4.5m | -68.4% |
| Financial income | 75/76B | €1,228,011 | €3,569,819 | +€2.3m | +190.7% |
| Recurring financial income | 75 | €1,228,011 | €3,569,819 | +€2.3m | +190.7% |
| Income from financial fixed assets | 750 | €3,615 | €12,497 | +€8,882 | +245.7% |
| Income from current assets | 751 | €431,888 | €309,820 | -€122,068 | -28.3% |
| Other financial income | 752/9 | €792,507 | €3,247,502 | +€2.5m | +309.8% |
| Financial charges | 65/66B | €1,307,315 | €444,745 | -€862,570 | -66.0% |
| Recurring financial charges | 65 | €1,220,348 | €250,571 | -€969,777 | -79.5% |
| Debt charges | 650 | €467,043 | €442,958 | -€24,085 | -5.2% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €531,720 | -€438,353 | -€970,073 | |
| Other financial charges | 652/9 | €221,585 | €245,966 | +€24,382 | +11.0% |
| Non-recurring financial charges | 66B | €86,967 | €194,174 | +€107,207 | +123.3% |
| Profit (loss) for the period before taxes | 9903 | €6,529,816 | €5,213,795 | -€1.3m | -20.2% |
| Transfer from deferred taxes | 780 | €2,210 | €16,421 | +€14,210 | +642.9% |
| Transfer to deferred taxes | 680 | €285,490 | €16,605 | -€268,885 | -94.2% |
| Income taxes | 67/77 | €1,003,283 | €1,228,186 | +€224,903 | +22.4% |
| Taxes | 670/3 | €1,027,459 | €1,228,186 | +€200,727 | +19.5% |
| Tax adjustments and reversals of tax provisions | 77 | €24,176 | €0 | -€24,176 | -100.0% |
| Profit (loss) for the period | 9904 | €5,243,253 | €3,985,425 | -€1.3m | -24.0% |
| Transfer from tax-exempt reserves | 789 | €499,471 | €1,180,517 | +€681,046 | +136.4% |
| Transfer to tax-exempt reserves | 689 | €1,872,991 | €1,070,437 | -€802,554 | -42.8% |
| Profit (loss) for the period to be appropriated | 9905 | €3,869,733 | €4,095,505 | +€225,772 | +5.8% |
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 12 October 2026 via checked.be.