DND-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.
DND-Logistics
Largest movements
- Tangible fixed assets -€149,537
down €149,537 (-100%), from €149,537 to €0
of which Land and buildings: -€109,844
- Receivables within one year -€12,592
down €12,592 (-28.0%), from €44,964 to €32,372
of which Other amounts receivable: -€17,015
- Cash -€7,285
down €7,285 (-78.1%), from €9,329 to €2,044
mainly Other debts (-€204,386) and Accrued charges and deferred income (-€2,500)
- Other debts -€204,386
down €204,386 (-94.2%), from €216,956 to €12,571
- Profit (loss) carried forward +€33,185
up €33,185, from -€19,631 to €13,554
- Accrued charges and deferred income -€2,500
down €2,500 (-100%), from €2,500 to €0
- Tax, wage and social debts +€2,184
new in 2025: €2,184
- Gross operating margin +€44,311
up €44,311 (+415%), from €10,667 to €54,977
- Depreciation -€16,422
down €16,422 (-100%), from €16,422 to €0
- Taxes +€2,451
up €2,451 (+462,492%), from €1 to €2,452
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 | €206,966 | €37,154 | -€169,812 | -82.0% |
| Fixed assets | 21/28 | €151,037 | €1,500 | -€149,537 | -99.0% |
| Tangible fixed assets | 22/27 | €149,537 | €0 | -€149,537 | -100% |
| Land and buildings | 22 | €109,844 | €0 | -€109,844 | -100% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €39,693 | €0 | -€39,693 | -100% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €55,929 | €35,654 | -€20,274 | -36.3% |
| Amounts receivable within one year | 40/41 | €44,964 | €32,372 | -€12,592 | -28.0% |
| Trade receivables | 40 | €18,873 | €23,296 | +€4,423 | +23.4% |
| Other amounts receivable | 41 | €26,091 | €9,076 | -€17,015 | -65.2% |
| Current investments | 50/53 | €54 | €4 | -€50 | -92.5% |
| Cash at bank and in hand | 54/58 | €9,329 | €2,044 | -€7,285 | -78.1% |
| Deferred charges and accrued income | 490/1 | €1,582 | €1,234 | -€347 | -22.0% |
| Total equity and liabilities | 10/49 | €206,966 | €37,154 | -€169,812 | -82.0% |
| Equity | 10/15 | -€13,431 | €19,754 | +€33,185 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,631 | €13,554 | +€33,185 | |
| Amounts payable | 17/49 | €220,397 | €17,400 | -€202,997 | -92.1% |
| Amounts payable within one year | 42/48 | €217,897 | €17,400 | -€200,497 | -92.0% |
| Trade debts | 44 | €941 | €2,646 | +€1,706 | +181% |
| Suppliers | 440/4 | €941 | €2,646 | +€1,706 | +181% |
| Taxes, remuneration and social security | 45 | - | €2,184 | +€2,184 | |
| Taxes | 450/3 | - | €2,184 | +€2,184 | |
| Other amounts payable | 47/48 | €216,956 | €12,571 | -€204,386 | -94.2% |
| Accrued charges and deferred income | 492/3 | €2,500 | €0 | -€2,500 | -100% |
| Non-recurring operating income | 76A | - | €79,036 | +€79,036 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,422 | €0 | -€16,422 | -100% |
| Other operating charges | 640/8 | €632 | €718 | +€87 | +13.7% |
| Non-recurring operating charges | 66A | - | €18,582 | +€18,582 | |
| Gross operating margin | 9900 | €10,667 | €54,977 | +€44,311 | +415% |
| Operating profit (loss) | 9901 | -€6,386 | €35,677 | +€42,064 | |
| Financial income | 75/76B | €2 | €0 | -€2 | -99.4% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -99.4% |
| Financial charges | 65/66B | €39 | €40 | +€1 | +3.7% |
| Recurring financial charges | 65 | €39 | €40 | +€1 | +3.7% |
| Profit (loss) for the period before taxes | 9903 | -€6,424 | €35,637 | +€42,060 | |
| Income taxes | 67/77 | €1 | €2,452 | +€2,451 | +462,492% |
| Profit (loss) for the period | 9904 | -€6,424 | €33,185 | +€39,609 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,424 | €33,185 | +€39,609 |
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 31 October 2026 via checked.be.