BE-LOGISTICS: what changed
BE-LOGISTICS
Largest movements
- Cash +€652,383
new in 2025: €652,383
mainly Current investments (+€369,829) and Net result for the year (+€221,972)
- Current investments -€369,829
no longer reported in 2025 (was €369,829)
- Receivables within one year -€12,903
down €12,903 (-7.5%), from €172,721 to €159,818
of which Other amounts receivable: -€10,879
- Profit (loss) carried forward +€221,972
up €221,972, from €0 to €221,972
- Tax, wage and social debts +€64,335
up €64,335 (+136%), from €47,425 to €111,761
of which Taxes: +€57,493
- Accrued charges and deferred income -€28,403
no longer reported in 2025 (was €28,403)
- Trade debts +€10,295
up €10,295 (+16.0%), from €64,464 to €74,760
- Gross operating margin +€259,487
up €259,487 (+42.1%), from €615,853 to €875,340
- Other operating charges -€78,248
down €78,248 (-21.0%), from €371,851 to €293,604
- Taxes +€66,309
up €66,309 (+656%), from €10,107 to €76,416
- Staff costs +€59,733
up €59,733 (+26.5%), from €225,500 to €285,233
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €561,900 | €831,024 | +€269,124 | +47.9% |
| Fixed assets | 21/28 | €18,925 | €17,354 | -€1,571 | -8.3% |
| Intangible fixed assets | 21 | €2,388 | €1,788 | -€600 | -25.1% |
| Tangible fixed assets | 22/27 | €16,537 | €10,566 | -€5,971 | -36.1% |
| Furniture and vehicles | 24 | €16,537 | €10,566 | -€5,971 | -36.1% |
| Financial fixed assets | 28 | - | €5,000 | +€5,000 | |
| Current assets | 29/58 | €542,975 | €813,670 | +€270,695 | +49.9% |
| Amounts receivable within one year | 40/41 | €172,721 | €159,818 | -€12,903 | -7.5% |
| Trade receivables | 40 | €141,995 | €139,970 | -€2,025 | -1.4% |
| Other amounts receivable | 41 | €30,727 | €19,848 | -€10,879 | -35.4% |
| Current investments | 50/53 | €369,829 | - | -€369,829 | |
| Cash at bank and in hand | 54/58 | - | €652,383 | +€652,383 | |
| Deferred charges and accrued income | 490/1 | €424 | €1,469 | +€1,045 | +247% |
| Total equity and liabilities | 10/49 | €561,900 | €831,024 | +€269,124 | +47.9% |
| Equity | 10/15 | €421,607 | €643,580 | +€221,972 | +52.6% |
| Contributions | 10/11 | €92,960 | €92,960 | = | 0.0% |
| Reserves | 13 | €328,647 | €328,647 | = | 0.0% |
| Tax-exempt reserves | 132 | €25,260 | €25,260 | = | 0.0% |
| Distributable reserves | 133 | €303,387 | €303,387 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €221,972 | +€221,972 | |
| Amounts payable | 17/49 | €140,293 | €187,445 | +€47,152 | +33.6% |
| Amounts payable within one year | 42/48 | €111,890 | €187,445 | +€75,555 | +67.5% |
| Trade debts | 44 | €64,464 | €74,760 | +€10,295 | +16.0% |
| Suppliers | 440/4 | €64,464 | €74,760 | +€10,295 | +16.0% |
| Taxes, remuneration and social security | 45 | €47,425 | €111,761 | +€64,335 | +136% |
| Taxes | 450/3 | €10,776 | €68,269 | +€57,493 | +534% |
| Remuneration and social security | 454/9 | €36,649 | €43,491 | +€6,842 | +18.7% |
| Other amounts payable | 47/48 | - | €924 | +€924 | |
| Accrued charges and deferred income | 492/3 | €28,403 | - | -€28,403 | |
| Remuneration, social security and pensions | 62 | €225,500 | €285,233 | +€59,733 | +26.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,581 | €6,571 | -€10 | -0.2% |
| Other operating charges | 640/8 | €371,851 | €293,604 | -€78,248 | -21.0% |
| Gross operating margin | 9900 | €615,853 | €875,340 | +€259,487 | +42.1% |
| Operating profit (loss) | 9901 | €11,920 | €289,932 | +€278,012 | +2,332% |
| Financial income | 75/76B | €13,374 | €9,632 | -€3,742 | -28.0% |
| Recurring financial income | 75 | €13,374 | €9,632 | -€3,742 | -28.0% |
| Financial charges | 65/66B | €1,740 | €1,176 | -€563 | -32.4% |
| Recurring financial charges | 65 | €1,740 | €1,176 | -€563 | -32.4% |
| Profit (loss) for the period before taxes | 9903 | €23,554 | €298,388 | +€274,834 | +1,167% |
| Income taxes | 67/77 | €10,107 | €76,416 | +€66,309 | +656% |
| Profit (loss) for the period | 9904 | €13,447 | €221,972 | +€208,525 | +1,551% |
| Profit (loss) for the period to be appropriated | 9905 | €13,447 | €221,972 | +€208,525 | +1,551% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.