KIVITS 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.
KIVITS LOGISTICS
Largest movements
- Cash +€108,683
up €108,683 (+69.1%), from €157,289 to €265,972
mainly Current portion of long-term debt (+€180,000) and Net result for the year (+€135,714)
- Receivables within one year +€81,258
up €81,258 (+8.1%), from €1.0m to €1.1m
of which Trade receivables: +€41,641
- Tangible fixed assets -€35,742
down €35,742 (-42.3%), from €84,493 to €48,751
of which Plant, machinery and equipment: -€29,805
- Intangible fixed assets -€27,023
down €27,023 (-26.7%), from €101,023 to €74,000
- Debts after one year -€180,000
no longer reported in 2025 (was €180,000)
- Current portion of long-term debt +€180,000
new in 2025: €180,000
- Reserves +€135,714
up €135,714 (+58.7%), from €231,067 to €366,781
- Trade debts +€122,492
up €122,492 (+16.5%), from €741,734 to €864,225
- Other debts -€120,000
no longer reported in 2025 (was €120,000)
- Staff costs +€15,087
up €15,087 (+2.1%), from €727,783 to €742,870
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 | €1,401,325 | €1,528,954 | +€127,630 | +9.1% |
| Fixed assets | 21/28 | €185,515 | €122,751 | -€62,765 | -33.8% |
| Intangible fixed assets | 21 | €101,023 | €74,000 | -€27,023 | -26.7% |
| Tangible fixed assets | 22/27 | €84,493 | €48,751 | -€35,742 | -42.3% |
| Land and buildings | 22 | €7,526 | €4,812 | -€2,714 | -36.1% |
| Plant, machinery and equipment | 23 | €63,221 | €33,416 | -€29,805 | -47.1% |
| Furniture and vehicles | 24 | €13,746 | €10,523 | -€3,223 | -23.4% |
| Current assets | 29/58 | €1,215,809 | €1,406,204 | +€190,394 | +15.7% |
| Stocks and contracts in progress | 3 | €34,252 | €21,658 | -€12,594 | -36.8% |
| Stocks | 30/36 | €34,252 | €21,658 | -€12,594 | -36.8% |
| Amounts receivable within one year | 40/41 | €1,004,563 | €1,085,821 | +€81,258 | +8.1% |
| Trade receivables | 40 | €990,482 | €1,032,123 | +€41,641 | +4.2% |
| Other amounts receivable | 41 | €14,081 | €53,698 | +€39,617 | +281% |
| Cash at bank and in hand | 54/58 | €157,289 | €265,972 | +€108,683 | +69.1% |
| Deferred charges and accrued income | 490/1 | €19,705 | €32,753 | +€13,047 | +66.2% |
| Total equity and liabilities | 10/49 | €1,401,325 | €1,528,954 | +€127,630 | +9.1% |
| Equity | 10/15 | €251,067 | €386,781 | +€135,714 | +54.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €231,067 | €366,781 | +€135,714 | +58.7% |
| Distributable reserves | 133 | €231,067 | €366,781 | +€135,714 | +58.7% |
| Amounts payable | 17/49 | €1,150,258 | €1,142,174 | -€8,084 | -0.7% |
| Amounts payable after more than one year | 17 | €180,000 | - | -€180,000 | |
| Financial debts | 170/4 | €180,000 | - | -€180,000 | |
| Amounts payable within one year | 42/48 | €965,012 | €1,137,786 | +€172,774 | +17.9% |
| Current portion of amounts payable after more than one year | 42 | - | €180,000 | +€180,000 | |
| Trade debts | 44 | €741,734 | €864,225 | +€122,492 | +16.5% |
| Suppliers | 440/4 | €741,734 | €864,225 | +€122,492 | +16.5% |
| Taxes, remuneration and social security | 45 | €103,278 | €93,561 | -€9,718 | -9.4% |
| Taxes | 450/3 | €16,414 | €13,044 | -€3,370 | -20.5% |
| Remuneration and social security | 454/9 | €86,865 | €80,517 | -€6,348 | -7.3% |
| Other amounts payable | 47/48 | €120,000 | - | -€120,000 | |
| Accrued charges and deferred income | 492/3 | €5,246 | €4,388 | -€858 | -16.4% |
| Remuneration, social security and pensions | 62 | €727,783 | €742,870 | +€15,087 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,058 | €66,865 | -€6,193 | -8.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €15,976 | €9,093 | -€6,883 | -43.1% |
| Other operating charges | 640/8 | €6,552 | €2,314 | -€4,238 | -64.7% |
| Non-recurring operating charges | 66A | €331 | - | -€331 | |
| Gross operating margin | 9900 | €1,021,192 | €1,023,178 | +€1,985 | +0.2% |
| Operating profit (loss) | 9901 | €197,492 | €202,035 | +€4,544 | +2.3% |
| Financial income | 75/76B | €22 | - | -€22 | |
| Recurring financial income | 75 | €22 | - | -€22 | |
| Financial charges | 65/66B | €24,162 | €14,991 | -€9,171 | -38.0% |
| Recurring financial charges | 65 | €24,162 | €14,991 | -€9,171 | -38.0% |
| Profit (loss) for the period before taxes | 9903 | €173,351 | €187,044 | +€13,693 | +7.9% |
| Income taxes | 67/77 | €47,701 | €51,331 | +€3,630 | +7.6% |
| Profit (loss) for the period | 9904 | €125,650 | €135,714 | +€10,063 | +8.0% |
| Profit (loss) for the period to be appropriated | 9905 | €125,650 | €135,714 | +€10,063 | +8.0% |
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 18 October 2026 via checked.be.