K.V. 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.
K.V. Logistics
Largest movements
- Receivables within one year +€21,699
up €21,699 (+42.7%), from €50,806 to €72,504
of which Trade receivables: +€15,208
- Cash +€13,165
up €13,165 (+33.9%), from €38,865 to €52,030
mainly Trade debts (+€16,921) and Net result for the year (+€14,568)
- Tangible fixed assets +€5,900
up €5,900 (+38.4%), from €15,374 to €21,274
of which Furniture and vehicles: +€8,788
- Trade debts +€16,921
up €16,921 (+82.4%), from €20,528 to €37,449
- Reserves +€10,623
up €10,623 (+13.9%), from €76,371 to €86,994
of which Distributable reserves: +€10,623
- Tax, wage and social debts +€6,521
up €6,521 (+72.9%), from €8,942 to €15,463
of which Taxes: +€6,300
- Advances received +€4,000
new in 2025: €4,000
- Gross operating margin +€25,196
up €25,196 (+30.8%), from €81,740 to €106,936
- Taxes +€7,684
up €7,684, from -€1,135 to €6,549
- Write-downs +€2,631
no longer reported in 2025 (was -€2,631)
- Staff costs +€2,602
up €2,602 (+3.4%), from €76,123 to €78,725
- Other operating charges -€2,135
down €2,135 (-53.3%), from €4,009 to €1,874
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 | €126,020 | €165,030 | +€39,010 | +31.0% |
| Fixed assets | 21/28 | €15,729 | €21,629 | +€5,900 | +37.5% |
| Tangible fixed assets | 22/27 | €15,374 | €21,274 | +€5,900 | +38.4% |
| Plant, machinery and equipment | 23 | €391 | - | -€391 | |
| Furniture and vehicles | 24 | €608 | €9,397 | +€8,788 | +1,445% |
| Other tangible fixed assets | 26 | €14,374 | €11,877 | -€2,497 | -17.4% |
| Financial fixed assets | 28 | €355 | €355 | = | 0.0% |
| Current assets | 29/58 | €110,291 | €143,401 | +€33,110 | +30.0% |
| Stocks and contracts in progress | 3 | €14,635 | €13,773 | -€862 | -5.9% |
| Stocks | 30/36 | €14,635 | €13,773 | -€862 | -5.9% |
| Amounts receivable within one year | 40/41 | €50,806 | €72,504 | +€21,699 | +42.7% |
| Trade receivables | 40 | €14,031 | €29,238 | +€15,208 | +108% |
| Other amounts receivable | 41 | €36,775 | €43,266 | +€6,491 | +17.7% |
| Cash at bank and in hand | 54/58 | €38,865 | €52,030 | +€13,165 | +33.9% |
| Deferred charges and accrued income | 490/1 | €5,986 | €5,093 | -€893 | -14.9% |
| Total equity and liabilities | 10/49 | €126,020 | €165,030 | +€39,010 | +31.0% |
| Equity | 10/15 | €95,425 | €106,994 | +€11,568 | +12.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €76,371 | €86,994 | +€10,623 | +13.9% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,124 | €9,124 | = | 0.0% |
| Distributable reserves | 133 | €65,247 | €75,870 | +€10,623 | +16.3% |
| Profit (loss) carried forward | 14 | -€945 | - | +€945 | |
| Amounts payable | 17/49 | €30,595 | €58,036 | +€27,441 | +89.7% |
| Amounts payable within one year | 42/48 | €30,595 | €58,036 | +€27,441 | +89.7% |
| Trade debts | 44 | €20,528 | €37,449 | +€16,921 | +82.4% |
| Suppliers | 440/4 | €20,528 | €37,449 | +€16,921 | +82.4% |
| Advances received on contracts in progress | 46 | - | €4,000 | +€4,000 | |
| Taxes, remuneration and social security | 45 | €8,942 | €15,463 | +€6,521 | +72.9% |
| Taxes | 450/3 | €249 | €6,549 | +€6,300 | +2,534% |
| Remuneration and social security | 454/9 | €8,694 | €8,914 | +€221 | +2.5% |
| Other amounts payable | 47/48 | €1,124 | €1,124 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €76,123 | €78,725 | +€2,602 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,407 | €4,396 | -€1,010 | -18.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,631 | - | +€2,631 | |
| Other operating charges | 640/8 | €4,009 | €1,874 | -€2,135 | -53.3% |
| Gross operating margin | 9900 | €81,740 | €106,936 | +€25,196 | +30.8% |
| Operating profit (loss) | 9901 | -€1,168 | €21,940 | +€23,108 | |
| Financial income | 75/76B | €150 | €55 | -€95 | -63.3% |
| Recurring financial income | 75 | €150 | €55 | -€95 | -63.3% |
| Financial charges | 65/66B | €1,063 | €879 | -€185 | -17.4% |
| Recurring financial charges | 65 | €1,063 | €879 | -€185 | -17.4% |
| Profit (loss) for the period before taxes | 9903 | -€2,081 | €21,117 | +€23,198 | |
| Income taxes | 67/77 | -€1,135 | €6,549 | +€7,684 | |
| Profit (loss) for the period | 9904 | -€945 | €14,568 | +€15,514 | |
| Profit (loss) for the period to be appropriated | 9905 | -€945 | €14,568 | +€15,514 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.