KAIZEN LOGISTICS AND DISTRIBUTION: 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.
KAIZEN LOGISTICS AND DISTRIBUTION
Largest movements
- Intangible fixed assets -€324
down €324 (-68.1%), from €476 to €152
- Receivables within one year -€221
no longer reported in 2025 (was €221)
of which Trade receivables: -€197
- Cash -€71
down €71 (-73.1%), from €97 to €26
mainly Other debts (-€4,749) and Trade debts (-€2,284)
- Profit (loss) carried forward +€6,417
up €6,417 (+85.4%), from -€7,511 to -€1,094
- Other debts -€4,749
down €4,749 (-86.0%), from €5,521 to €772
- Trade debts -€2,284
no longer reported in 2025 (was €2,284)
- Gross operating margin +€8,297
up €8,297, from -€922 to €7,375
- Financial charges -€434
down €434 (-68.0%), from €638 to €204
- Other operating charges +€430
new in 2025: €430
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 | €794 | €178 | -€616 | -77.6% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €476 | €152 | -€324 | -68.1% |
| Intangible fixed assets | 21 | €476 | €152 | -€324 | -68.1% |
| Current assets | 29/58 | €318 | €26 | -€292 | -91.8% |
| Amounts receivable within one year | 40/41 | €221 | - | -€221 | |
| Trade receivables | 40 | €197 | - | -€197 | |
| Other amounts receivable | 41 | €24 | - | -€24 | |
| Cash at bank and in hand | 54/58 | €97 | €26 | -€71 | -73.1% |
| Total equity and liabilities | 10/49 | €794 | €178 | -€616 | -77.6% |
| Equity | 10/15 | -€7,011 | -€594 | +€6,417 | +91.5% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,511 | -€1,094 | +€6,417 | +85.4% |
| Amounts payable | 17/49 | €7,805 | €772 | -€7,033 | -90.1% |
| Amounts payable within one year | 42/48 | €7,805 | €772 | -€7,033 | -90.1% |
| Trade debts | 44 | €2,284 | - | -€2,284 | |
| Suppliers | 440/4 | €2,284 | - | -€2,284 | |
| Other amounts payable | 47/48 | €5,521 | €772 | -€4,749 | -86.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €324 | €324 | = | 0.0% |
| Other operating charges | 640/8 | - | €430 | +€430 | |
| Gross operating margin | 9900 | -€922 | €7,375 | +€8,297 | |
| Operating profit (loss) | 9901 | -€1,246 | €6,621 | +€7,867 | |
| Financial charges | 65/66B | €638 | €204 | -€434 | -68.0% |
| Recurring financial charges | 65 | €638 | €204 | -€434 | -68.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,884 | €6,417 | +€8,301 | |
| Profit (loss) for the period | 9904 | -€1,884 | €6,417 | +€8,301 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,884 | €6,417 | +€8,301 |
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 30 October 2026 via checked.be.