KIEVIT 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.
KIEVIT LOGISTICS
Largest movements
- Cash +€57,719
up €57,719 (+59.6%), from €96,779 to €154,498
mainly Net result for the year (+€27,501) and Current investments (+€25,195)
- Current investments -€25,195
down €25,195 (-20.2%), from €125,000 to €99,805
- Receivables within one year -€22,249
down €22,249 (-89.0%), from €24,990 to €2,741
of which Trade receivables: -€23,415
- Tangible fixed assets +€9,457
up €9,457 (+283%), from €3,341 to €12,798
of which Furniture and vehicles: +€5,017
- Reserves +€27,501
up €27,501 (+36.2%), from €75,887 to €103,388
- Tax, wage and social debts -€4,274
down €4,274 (-45.2%), from €9,458 to €5,185
- Gross operating margin -€23,164
down €23,164 (-38.5%), from €60,105 to €36,941
- Taxes -€7,035
down €7,035 (-39.4%), from €17,870 to €10,835
- Financial income +€2,624
up €2,624 (+70.4%), from €3,727 to €6,351
- Depreciation +€970
up €970 (+33.9%), from €2,856 to €3,825
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 | €260,190 | €280,017 | +€19,827 | +7.6% |
| Fixed assets | 21/28 | €13,341 | €22,798 | +€9,457 | +70.9% |
| Tangible fixed assets | 22/27 | €3,341 | €12,798 | +€9,457 | +283% |
| Furniture and vehicles | 24 | €3,341 | €8,358 | +€5,017 | +150% |
| Other tangible fixed assets | 26 | - | €4,440 | +€4,440 | |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €246,849 | €257,219 | +€10,370 | +4.2% |
| Amounts receivable within one year | 40/41 | €24,990 | €2,741 | -€22,249 | -89.0% |
| Trade receivables | 40 | €23,500 | €85 | -€23,415 | -99.6% |
| Other amounts receivable | 41 | €1,490 | €2,656 | +€1,166 | +78.3% |
| Current investments | 50/53 | €125,000 | €99,805 | -€25,195 | -20.2% |
| Cash at bank and in hand | 54/58 | €96,779 | €154,498 | +€57,719 | +59.6% |
| Deferred charges and accrued income | 490/1 | €80 | €175 | +€95 | +119% |
| Total equity and liabilities | 10/49 | €260,190 | €280,017 | +€19,827 | +7.6% |
| Equity | 10/15 | €247,037 | €274,539 | +€27,501 | +11.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €75,887 | €103,388 | +€27,501 | +36.2% |
| Distributable reserves | 133 | €75,887 | €103,388 | +€27,501 | +36.2% |
| Profit (loss) carried forward | 14 | €152,550 | €152,550 | = | 0.0% |
| Amounts payable | 17/49 | €13,153 | €5,478 | -€7,674 | -58.3% |
| Amounts payable within one year | 42/48 | €13,153 | €5,478 | -€7,674 | -58.3% |
| Trade debts | 44 | €1,694 | €264 | -€1,430 | -84.4% |
| Suppliers | 440/4 | €1,694 | €264 | -€1,430 | -84.4% |
| Taxes, remuneration and social security | 45 | €9,458 | €5,185 | -€4,274 | -45.2% |
| Taxes | 450/3 | €9,458 | €5,185 | -€4,274 | -45.2% |
| Other amounts payable | 47/48 | €2,000 | €30 | -€1,970 | -98.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,856 | €3,825 | +€970 | +33.9% |
| Other operating charges | 640/8 | €741 | €765 | +€24 | +3.2% |
| Non-recurring operating charges | 66A | - | €45 | +€45 | |
| Gross operating margin | 9900 | €60,105 | €36,941 | -€23,164 | -38.5% |
| Operating profit (loss) | 9901 | €56,508 | €32,305 | -€24,203 | -42.8% |
| Financial income | 75/76B | €3,727 | €6,351 | +€2,624 | +70.4% |
| Recurring financial income | 75 | €3,727 | €6,351 | +€2,624 | +70.4% |
| Financial charges | 65/66B | €155 | €319 | +€164 | +106% |
| Recurring financial charges | 65 | €155 | €319 | +€164 | +106% |
| Profit (loss) for the period before taxes | 9903 | €60,079 | €38,337 | -€21,742 | -36.2% |
| Income taxes | 67/77 | €17,870 | €10,835 | -€7,035 | -39.4% |
| Profit (loss) for the period | 9904 | €42,209 | €27,501 | -€14,707 | -34.8% |
| Profit (loss) for the period to be appropriated | 9905 | €42,209 | €27,501 | -€14,707 | -34.8% |
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 24 October 2026 via checked.be.