KDS LOGISTICS: what changed
Two fiscal 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.
KDS LOGISTICS
Largest movements
- Tangible fixed assets -€20,516
down €20,516 (-4.0%), from €517,026 to €496,510
of which Land and buildings: -€22,669
- Receivables after one year +€6,824
new in 2025: €6,824
- Reserves -€72,586
down €72,586 (-17.2%), from €423,141 to €350,555
of which Distributable reserves: -€72,586
- Profit (loss) carried forward +€62,138
up €62,138, from -€62,138 to €0
- Other debts -€5,989
down €5,989 (-62.0%), from €9,662 to €3,672
- Other operating charges -€52,145
down €52,145 (-94.5%), from €55,151 to €3,006
- Gross operating margin -€51,449
down €51,449 (-76.2%), from €67,546 to €16,097
- Financial charges -€7,551
down €7,551 (-99.4%), from €7,599 to €48
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.
Cash bridge derived
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 | €543,074 | €524,659 | -€18,415 | -3.4% |
| Fixed assets | 21/28 | €517,389 | €496,873 | -€20,516 | -4.0% |
| Tangible fixed assets | 22/27 | €517,026 | €496,510 | -€20,516 | -4.0% |
| Land and buildings | 22 | €515,486 | €492,817 | -€22,669 | -4.4% |
| Furniture and vehicles | 24 | €1,540 | €3,692 | +€2,152 | +139.8% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €25,685 | €27,787 | +€2,102 | +8.2% |
| Amounts receivable after more than one year | 29 | - | €6,824 | +€6,824 | |
| Other amounts receivable | 291 | - | €6,824 | +€6,824 | |
| Amounts receivable within one year | 40/41 | €17,644 | €14,598 | -€3,046 | -17.3% |
| Trade receivables | 40 | €13,762 | €10,091 | -€3,671 | -26.7% |
| Other amounts receivable | 41 | €3,882 | €4,507 | +€625 | +16.1% |
| Cash at bank and in hand | 54/58 | €5,655 | €6,364 | +€709 | +12.5% |
| Deferred charges and accrued income | 490/1 | €2,385 | €0 | -€2,385 | -100.0% |
| Total equity and liabilities | 10/49 | €543,074 | €524,659 | -€18,415 | -3.4% |
| Equity | 10/15 | €379,603 | €369,155 | -€10,448 | -2.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €423,141 | €350,555 | -€72,586 | -17.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €27,716 | €27,716 | = | 0.0% |
| Distributable reserves | 133 | €395,425 | €322,839 | -€72,586 | -18.4% |
| Profit (loss) carried forward | 14 | -€62,138 | €0 | +€62,138 | |
| Amounts payable | 17/49 | €163,471 | €155,505 | -€7,966 | -4.9% |
| Amounts payable after more than one year | 17 | €101,832 | €101,832 | = | 0.0% |
| Financial debts | 170/4 | €101,832 | €101,832 | = | 0.0% |
| Amounts payable within one year | 42/48 | €60,449 | €52,483 | -€7,966 | -13.2% |
| Current portion of amounts payable after more than one year | 42 | €45,415 | €45,415 | = | 0.0% |
| Trade debts | 44 | €1,198 | €569 | -€629 | -52.5% |
| Suppliers | 440/4 | €1,198 | €569 | -€629 | -52.5% |
| Taxes, remuneration and social security | 45 | €4,174 | €2,826 | -€1,348 | -32.3% |
| Taxes | 450/3 | €4,174 | €2,826 | -€1,348 | -32.3% |
| Other amounts payable | 47/48 | €9,662 | €3,672 | -€5,989 | -62.0% |
| Accrued charges and deferred income | 492/3 | €1,190 | €1,190 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,173 | €23,516 | +€343 | +1.5% |
| Other operating charges | 640/8 | €55,151 | €3,006 | -€52,145 | -94.5% |
| Gross operating margin | 9900 | €67,546 | €16,097 | -€51,449 | -76.2% |
| Operating profit (loss) | 9901 | -€10,778 | -€10,425 | +€353 | +3.3% |
| Financial income | 75/76B | €0 | €25 | +€25 | |
| Recurring financial income | 75 | €0 | €25 | +€25 | |
| Financial charges | 65/66B | €7,599 | €48 | -€7,551 | -99.4% |
| Recurring financial charges | 65 | €7,599 | €48 | -€7,551 | -99.4% |
| Profit (loss) for the period before taxes | 9903 | -€18,377 | -€10,448 | +€7,929 | +43.1% |
| Profit (loss) for the period | 9904 | -€18,377 | -€10,448 | +€7,929 | +43.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,377 | -€10,448 | +€7,929 | +43.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.