LOGIPS: 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
LOGIPS
NACE 52.100, Warehousing and storage
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€74,672
2024 · €36,737+€37,936
Equity
€291,277
2024 · €225,470+€65,807
Cash
€612
2024 · €2,243-€1,631
Balance sheet total
€2.7m
2024 · €2.7m-€64,063
Largest movements
Assets
- Tangible fixed assets -€72,939
down €72,939 (-2.8%), from €2.6m to €2.5m
of which Land and buildings: -€47,282
Equity and liabilities
- Debts after one year -€117,077
down €117,077 (-6.4%), from €1.8m to €1.7m
- Reserves +€75,000
up €75,000 (+73.5%), from €102,000 to €177,000
- Other debts -€66,846
down €66,846 (-15.2%), from €439,205 to €372,360
- Short-term financial debts +€47,675
new in 2025: €47,675
Income statement
- Gross operating margin +€94,223
up €94,223 (+29.4%), from €320,385 to €414,608
- Depreciation +€42,047
up €42,047 (+32.5%), from €129,539 to €171,586
- Financial charges +€9,214
up €9,214 (+15.6%), from €59,150 to €68,364
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
€36,737
Gross operating margin
+€94,223
Staff costs
-€3,643
Depreciation
-€42,047
Other operating charges
-€1,291
Financial income
-€96
Financial charges
-€9,214
Taxes
+€4
Result 2025
€74,672
raises the resultlowers the result
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.
From operations
+€180,578
Investment
-€94,397
Financing
-€87,812
Cash 2024
€2,243
From operations (derived)
+€180,578
Net result for the year
+€74,672
Depreciation
+€171,586
Receivables within one year
-€15,255
Deferred charges and accrued income
+€499
Trade debts
-€4,266
Tax, wage and social debts
+€20,642
Other debts
-€66,846
Accrued charges and deferred income
-€454
Investment (derived)
-€94,397
Investment in fixed assets (net)
-€94,397
Financing
-€87,812
Debts after one year
-€117,077
Current portion of long-term debt
-€9,545
Short-term financial debts
+€47,675
Contributions, distributions and other
-€8,865
Cash 2025
€612
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,747,187 | €2,683,124 | -€64,063 | -2.3% |
| Fixed assets | 21/28 | €2,626,161 | €2,548,972 | -€77,189 | -2.9% |
| Intangible fixed assets | 21 | €3,537 | €1,287 | -€2,250 | -63.6% |
| Tangible fixed assets | 22/27 | €2,614,672 | €2,541,732 | -€72,939 | -2.8% |
| Land and buildings | 22 | €2,457,149 | €2,409,867 | -€47,282 | -1.9% |
| Plant, machinery and equipment | 23 | €123,508 | €104,265 | -€19,243 | -15.6% |
| Furniture and vehicles | 24 | €34,015 | €22,006 | -€12,009 | -35.3% |
| Assets under construction and advance payments | 27 | - | €5,595 | +€5,595 | |
| Financial fixed assets | 28 | €7,953 | €5,953 | -€2,000 | -25.1% |
| Current assets | 29/58 | €121,026 | €134,152 | +€13,126 | +10.8% |
| Amounts receivable within one year | 40/41 | €117,046 | €132,301 | +€15,255 | +13.0% |
| Trade receivables | 40 | €34,494 | €12,986 | -€21,508 | -62.4% |
| Other amounts receivable | 41 | €82,552 | €119,315 | +€36,763 | +44.5% |
| Cash at bank and in hand | 54/58 | €2,243 | €612 | -€1,631 | -72.7% |
| Deferred charges and accrued income | 490/1 | €1,738 | €1,239 | -€499 | -28.7% |
| Total equity and liabilities | 10/49 | €2,747,187 | €2,683,124 | -€64,063 | -2.3% |
| Equity | 10/15 | €225,470 | €291,277 | +€65,807 | +29.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €102,000 | €177,000 | +€75,000 | +73.5% |
| Distributable reserves | 133 | €102,000 | €177,000 | +€75,000 | +73.5% |
| Profit (loss) carried forward | 14 | €767 | €439 | -€328 | -42.8% |
| Investment grants | 15 | €104,103 | €95,238 | -€8,865 | -8.5% |
| Amounts payable | 17/49 | €2,521,718 | €2,391,847 | -€129,870 | -5.2% |
| Amounts payable after more than one year | 17 | €1,822,961 | €1,705,884 | -€117,077 | -6.4% |
| Financial debts | 170/4 | €1,822,961 | €1,705,884 | -€117,077 | -6.4% |
| Amounts payable within one year | 42/48 | €693,988 | €681,649 | -€12,339 | -1.8% |
| Current portion of amounts payable after more than one year | 42 | €202,409 | €192,865 | -€9,545 | -4.7% |
| Financial debts | 43 | - | €47,675 | +€47,675 | |
| Credit institutions | 430/8 | - | €47,675 | +€47,675 | |
| Trade debts | 44 | €33,103 | €28,837 | -€4,266 | -12.9% |
| Suppliers | 440/4 | €33,103 | €28,837 | -€4,266 | -12.9% |
| Taxes, remuneration and social security | 45 | €19,271 | €39,913 | +€20,642 | +107% |
| Taxes | 450/3 | €5,426 | €25,009 | +€19,583 | +361% |
| Remuneration and social security | 454/9 | €13,845 | €14,904 | +€1,059 | +7.6% |
| Other amounts payable | 47/48 | €439,205 | €372,360 | -€66,846 | -15.2% |
| Accrued charges and deferred income | 492/3 | €4,768 | €4,314 | -€454 | -9.5% |
| Remuneration, social security and pensions | 62 | €86,649 | €90,292 | +€3,643 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €129,539 | €171,586 | +€42,047 | +32.5% |
| Other operating charges | 640/8 | €17,239 | €18,530 | +€1,291 | +7.5% |
| Gross operating margin | 9900 | €320,385 | €414,608 | +€94,223 | +29.4% |
| Operating profit (loss) | 9901 | €86,959 | €134,200 | +€47,241 | +54.3% |
| Financial income | 75/76B | €9,108 | €9,012 | -€96 | -1.0% |
| Recurring financial income | 75 | €9,108 | €9,012 | -€96 | -1.0% |
| Financial charges | 65/66B | €59,150 | €68,364 | +€9,214 | +15.6% |
| Recurring financial charges | 65 | €59,150 | €68,364 | +€9,214 | +15.6% |
| Profit (loss) for the period before taxes | 9903 | €36,916 | €74,848 | +€37,932 | +103% |
| Income taxes | 67/77 | €180 | €176 | -€4 | -2.1% |
| Profit (loss) for the period | 9904 | €36,737 | €74,672 | +€37,936 | +103% |
| Profit (loss) for the period to be appropriated | 9905 | €36,737 | €74,672 | +€37,936 | +103% |
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 25 October 2026 via checked.be.