KG EXPRESS: 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.
KG EXPRESS
Largest movements
- Cash -€56,424
down €56,424 (-75.7%), from €74,533 to €18,109
mainly Trade debts (-€63,608) and Net result for the year (-€35,248)
- Tangible fixed assets -€17,838
down €17,838 (-31.2%), from €57,256 to €39,418
of which Furniture and vehicles: -€11,238
- Receivables within one year -€4,883
down €4,883 (-7.5%), from €65,302 to €60,419
of which Other amounts receivable: -€13,492
- Debts after one year +€66,901
up €66,901 (+713.2%), from €9,380 to €76,280
- Trade debts -€63,608
down €63,608 (-95.9%), from €66,337 to €2,729
- Profit (loss) carried forward -€35,248
down €35,248 (-60.1%), from €58,657 to €23,408
- Tax, wage and social debts -€27,479
down €27,479 (-91.2%), from €30,118 to €2,639
of which Taxes: -€29,684
- Current portion of long-term debt -€12,027
down €12,027 (-66.5%), from €18,086 to €6,059
- Gross operating margin -€163,695
down €163,695 (-60.5%), from €270,682 to €106,987
- Staff costs -€57,885
down €57,885 (-34.9%), from €166,095 to €108,211
- Depreciation -€19,016
down €19,016 (-39.4%), from €48,299 to €29,283
- Taxes -€9,210
no longer reported in 2024 (was €9,210)
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €198,460 | €120,115 | -€78,345 | -39.5% |
| Fixed assets | 21/28 | €57,256 | €39,418 | -€17,838 | -31.2% |
| Tangible fixed assets | 22/27 | €57,256 | €39,418 | -€17,838 | -31.2% |
| Furniture and vehicles | 24 | €37,456 | €26,218 | -€11,238 | -30.0% |
| Leasing and similar rights | 25 | €19,800 | €13,200 | -€6,600 | -33.3% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €141,204 | €80,697 | -€60,507 | -42.9% |
| Amounts receivable within one year | 40/41 | €65,302 | €60,419 | -€4,883 | -7.5% |
| Trade receivables | 40 | €49,302 | €57,911 | +€8,608 | +17.5% |
| Other amounts receivable | 41 | €16,000 | €2,508 | -€13,492 | -84.3% |
| Cash at bank and in hand | 54/58 | €74,533 | €18,109 | -€56,424 | -75.7% |
| Deferred charges and accrued income | 490/1 | €1,368 | €2,169 | +€801 | +58.5% |
| Total equity and liabilities | 10/49 | €198,460 | €120,115 | -€78,345 | -39.5% |
| Equity | 10/15 | €67,657 | €32,408 | -€35,248 | -52.1% |
| Contributions | 10/11 | €9,000 | €9,000 | = | 0.0% |
| Capital | 10 | €9,000 | €9,000 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €9,600 | €9,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €58,657 | €23,408 | -€35,248 | -60.1% |
| Amounts payable | 17/49 | €130,803 | €87,707 | -€43,096 | -32.9% |
| Amounts payable after more than one year | 17 | €9,380 | €76,280 | +€66,901 | +713.2% |
| Financial debts | 170/4 | €9,380 | €76,280 | +€66,901 | +713.2% |
| Amounts payable within one year | 42/48 | €121,423 | €11,426 | -€109,997 | -90.6% |
| Current portion of amounts payable after more than one year | 42 | €18,086 | €6,059 | -€12,027 | -66.5% |
| Financial debts | 43 | €4,586 | - | -€4,586 | |
| Credit institutions | 430/8 | €4,586 | - | -€4,586 | |
| Trade debts | 44 | €66,337 | €2,729 | -€63,608 | -95.9% |
| Suppliers | 440/4 | €66,337 | €2,729 | -€63,608 | -95.9% |
| Taxes, remuneration and social security | 45 | €30,118 | €2,639 | -€27,479 | -91.2% |
| Taxes | 450/3 | €29,684 | - | -€29,684 | |
| Remuneration and social security | 454/9 | €433 | €2,639 | +€2,206 | +509.1% |
| Other amounts payable | 47/48 | €2,297 | - | -€2,297 | |
| Remuneration, social security and pensions | 62 | €166,095 | €108,211 | -€57,885 | -34.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,299 | €29,283 | -€19,016 | -39.4% |
| Other operating charges | 640/8 | €2,993 | €3,682 | +€689 | +23.0% |
| Gross operating margin | 9900 | €270,682 | €106,987 | -€163,695 | -60.5% |
| Operating profit (loss) | 9901 | €53,295 | -€34,188 | -€87,483 | |
| Financial income | 75/76B | - | €198 | +€198 | |
| Recurring financial income | 75 | - | €198 | +€198 | |
| Non-recurring financial income | 76B | - | €198 | +€198 | |
| Financial charges | 65/66B | €977 | €1,258 | +€281 | +28.7% |
| Recurring financial charges | 65 | €977 | €1,258 | +€281 | +28.7% |
| Profit (loss) for the period before taxes | 9903 | €52,317 | -€35,248 | -€87,565 | |
| Income taxes | 67/77 | €9,210 | - | -€9,210 | |
| Profit (loss) for the period | 9904 | €43,107 | -€35,248 | -€78,355 | |
| Profit (loss) for the period to be appropriated | 9905 | €43,107 | -€35,248 | -€78,355 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.