Kirchner 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.
Kirchner Logistics
Largest movements
- Receivables within one year +€37,208
up €37,208 (+123%), from €30,211 to €67,420
of which Trade receivables: +€37,554
- Cash -€11,386
down €11,386 (-88.5%), from €12,871 to €1,484
mainly Net result for the year (-€168,980) and Receivables within one year (-€37,208)
- Tangible fixed assets -€6,283
down €6,283 (-18.7%), from €33,517 to €27,234
of which Furniture and vehicles: -€3,728
- Reserves -€130,727
no longer reported in 2025 (was €130,727)
- Other debts +€99,575
up €99,575 (+401%), from €24,826 to €124,401
- Trade debts +€58,915
up €58,915 (+140%), from €42,208 to €101,123
- Profit (loss) carried forward -€38,252
new in 2025: -€38,252
- Tax, wage and social debts +€30,029
up €30,029 (+379%), from €7,932 to €37,962
of which Remuneration and social security: +€32,458
- Staff costs +€88,099
up €88,099 (+539%), from €16,332 to €104,431
- Gross operating margin -€67,809
down €67,809, from €13,459 to -€54,350
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 | €218,094 | €237,633 | +€19,539 | +9.0% |
| Fixed assets | 21/28 | €33,517 | €27,234 | -€6,283 | -18.7% |
| Tangible fixed assets | 22/27 | €33,517 | €27,234 | -€6,283 | -18.7% |
| Land and buildings | 22 | €25,000 | €23,500 | -€1,500 | -6.0% |
| Plant, machinery and equipment | 23 | €2,789 | €1,734 | -€1,055 | -37.8% |
| Furniture and vehicles | 24 | €5,729 | €2,001 | -€3,728 | -65.1% |
| Current assets | 29/58 | €184,577 | €210,399 | +€25,822 | +14.0% |
| Amounts receivable after more than one year | 29 | €141,495 | €141,495 | = | 0.0% |
| Other amounts receivable | 291 | €141,495 | €141,495 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €30,211 | €67,420 | +€37,208 | +123% |
| Trade receivables | 40 | €29,311 | €66,865 | +€37,554 | +128% |
| Other amounts receivable | 41 | €900 | €555 | -€346 | -38.4% |
| Cash at bank and in hand | 54/58 | €12,871 | €1,484 | -€11,386 | -88.5% |
| Total equity and liabilities | 10/49 | €218,094 | €237,633 | +€19,539 | +9.0% |
| Equity | 10/15 | €143,127 | -€25,852 | -€168,980 | |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €130,727 | - | -€130,727 | |
| Distributable reserves | 133 | €130,727 | - | -€130,727 | |
| Profit (loss) carried forward | 14 | - | -€38,252 | -€38,252 | |
| Amounts payable | 17/49 | €74,967 | €263,486 | +€188,519 | +251% |
| Amounts payable within one year | 42/48 | €74,967 | €263,486 | +€188,519 | +251% |
| Trade debts | 44 | €42,208 | €101,123 | +€58,915 | +140% |
| Suppliers | 440/4 | €42,208 | €101,123 | +€58,915 | +140% |
| Taxes, remuneration and social security | 45 | €7,932 | €37,962 | +€30,029 | +379% |
| Taxes | 450/3 | €3,028 | €600 | -€2,428 | -80.2% |
| Remuneration and social security | 454/9 | €4,904 | €37,362 | +€32,458 | +662% |
| Other amounts payable | 47/48 | €24,826 | €124,401 | +€99,575 | +401% |
| Remuneration, social security and pensions | 62 | €16,332 | €104,431 | +€88,099 | +539% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,685 | €6,283 | -€403 | -6.0% |
| Other operating charges | 640/8 | €3,389 | €3,406 | +€17 | +0.5% |
| Gross operating margin | 9900 | €13,459 | -€54,350 | -€67,809 | |
| Operating profit (loss) | 9901 | -€12,948 | -€168,471 | -€155,523 | -1,201% |
| Financial income | 75/76B | €28 | - | -€28 | |
| Recurring financial income | 75 | €28 | - | -€28 | |
| Financial charges | 65/66B | €839 | €338 | -€501 | -59.7% |
| Recurring financial charges | 65 | €839 | €338 | -€501 | -59.7% |
| Profit (loss) for the period before taxes | 9903 | -€13,759 | -€168,809 | -€155,050 | -1,127% |
| Income taxes | 67/77 | €536 | €171 | -€365 | -68.1% |
| Profit (loss) for the period | 9904 | -€14,296 | -€168,980 | -€154,684 | -1,082% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,296 | -€168,980 | -€154,684 | -1,082% |
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 13 October 2026 via checked.be.