King 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.
King Logistics
Largest movements
- Receivables within one year -€15,269
down €15,269 (-77.2%), from €19,772 to €4,503
- Cash +€10,642
up €10,642 (+18.0%), from €59,133 to €69,774
mainly Receivables within one year (+€15,269) and Depreciation (+€2,801)
- Deferred charges and accrued income -€2,271
down €2,271 (-25.2%), from €9,007 to €6,737
- Tangible fixed assets -€1,533
down €1,533 (-22.3%), from €6,860 to €5,327
of which Furniture and vehicles: -€1,096
- Profit (loss) carried forward -€6,439
down €6,439 (-9.0%), from €71,477 to €65,039
- Trade debts -€1,608
down €1,608 (-43.1%), from €3,734 to €2,126
- Gross operating margin -€20,955
down €20,955 (-77.9%), from €26,892 to €5,937
- Turnover -€18,091
down €18,091 (-13.4%), from €135,061 to €116,970
- Staff costs -€6,751
down €6,751 (-72.0%), from €9,380 to €2,629
- Purchases and services -€4,070
down €4,070 (-3.4%), from €118,889 to €114,818
- Taxes -€2,363
down €2,363 (-88.0%), from €2,685 to €321
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 | €110,172 | €101,741 | -€8,431 | -7.7% |
| Fixed assets | 21/28 | €22,260 | €20,727 | -€1,533 | -6.9% |
| Tangible fixed assets | 22/27 | €6,860 | €5,327 | -€1,533 | -22.3% |
| Plant, machinery and equipment | 23 | €2,482 | €2,046 | -€436 | -17.6% |
| Furniture and vehicles | 24 | €4,377 | €3,281 | -€1,096 | -25.0% |
| Financial fixed assets | 28 | €15,400 | €15,400 | = | 0.0% |
| Current assets | 29/58 | €87,912 | €81,014 | -€6,898 | -7.8% |
| Amounts receivable within one year | 40/41 | €19,772 | €4,503 | -€15,269 | -77.2% |
| Trade receivables | 40 | €19,772 | €4,503 | -€15,269 | -77.2% |
| Cash at bank and in hand | 54/58 | €59,133 | €69,774 | +€10,642 | +18.0% |
| Deferred charges and accrued income | 490/1 | €9,007 | €6,737 | -€2,271 | -25.2% |
| Total equity and liabilities | 10/49 | €110,172 | €101,741 | -€8,431 | -7.7% |
| Equity | 10/15 | €90,027 | €83,589 | -€6,439 | -7.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Outside capital | 11 | €18,550 | €18,550 | = | 0.0% |
| Other | 1109/19 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €71,477 | €65,039 | -€6,439 | -9.0% |
| Amounts payable | 17/49 | €20,144 | €18,152 | -€1,992 | -9.9% |
| Amounts payable within one year | 42/48 | €20,144 | €18,152 | -€1,992 | -9.9% |
| Trade debts | 44 | €3,734 | €2,126 | -€1,608 | -43.1% |
| Suppliers | 440/4 | €3,734 | €2,126 | -€1,608 | -43.1% |
| Taxes, remuneration and social security | 45 | €10,435 | €10,447 | +€11 | +0.1% |
| Taxes | 450/3 | €7,633 | €10,447 | +€2,813 | +36.9% |
| Remuneration and social security | 454/9 | €2,802 | - | -€2,802 | |
| Other amounts payable | 47/48 | €5,975 | €5,580 | -€395 | -6.6% |
| Turnover | 70 | €135,061 | €116,970 | -€18,091 | -13.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €118,889 | €114,818 | -€4,070 | -3.4% |
| Remuneration, social security and pensions | 62 | €9,380 | €2,629 | -€6,751 | -72.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,253 | €2,801 | +€1,548 | +123.5% |
| Other operating charges | 640/8 | €2,014 | €4,362 | +€2,348 | +116.6% |
| Gross operating margin | 9900 | €26,892 | €5,937 | -€20,955 | -77.9% |
| Operating profit (loss) | 9901 | €14,245 | -€3,854 | -€18,100 | |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €3,186 | €2,264 | -€923 | -29.0% |
| Recurring financial charges | 65 | €3,186 | €2,264 | -€923 | -29.0% |
| Profit (loss) for the period before taxes | 9903 | €11,062 | -€6,118 | -€17,180 | |
| Income taxes | 67/77 | €2,685 | €321 | -€2,363 | -88.0% |
| Profit (loss) for the period | 9904 | €8,378 | -€6,439 | -€14,817 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,378 | -€6,439 | -€14,817 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.