KT 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.
KT Logistics
Largest movements
- Tangible fixed assets -€17,693
down €17,693 (-13.9%), from €127,358 to €109,665
of which Leasing and similar rights: -€17,304
- Receivables within one year +€5,850
up €5,850 (+25.1%), from €23,309 to €29,159
of which Trade receivables: +€4,731
- Debts after one year -€19,180
down €19,180 (-39.0%), from €49,233 to €30,054
- Trade debts +€6,745
up €6,745 (+487.3%), from €1,384 to €8,129
- Tax, wage and social debts -€6,501
down €6,501 (-65.4%), from €9,933 to €3,432
of which Remuneration and social security: -€4,683
- Other debts +€5,941
up €5,941 (+15.8%), from €37,562 to €43,502
- Gross operating margin -€5,206
down €5,206 (-4.8%), from €109,165 to €103,959
- Depreciation +€4,254
up €4,254 (+19.9%), from €21,413 to €25,667
- Financial charges -€1,716
down €1,716 (-31.4%), from €5,462 to €3,747
- Financial income +€1,237
up €1,237, from €0 to €1,237
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 | €375,783 | €364,199 | -€11,584 | -3.1% |
| Fixed assets | 21/28 | €127,533 | €109,840 | -€17,693 | -13.9% |
| Tangible fixed assets | 22/27 | €127,358 | €109,665 | -€17,693 | -13.9% |
| Land and buildings | 22 | €643 | €533 | -€110 | -17.1% |
| Furniture and vehicles | 24 | €30,384 | €30,105 | -€280 | -0.9% |
| Leasing and similar rights | 25 | €96,331 | €79,028 | -€17,304 | -18.0% |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €248,250 | €254,359 | +€6,109 | +2.5% |
| Amounts receivable within one year | 40/41 | €23,309 | €29,159 | +€5,850 | +25.1% |
| Trade receivables | 40 | €18,994 | €23,725 | +€4,731 | +24.9% |
| Other amounts receivable | 41 | €4,315 | €5,434 | +€1,119 | +25.9% |
| Cash at bank and in hand | 54/58 | €212,383 | €213,780 | +€1,397 | +0.7% |
| Deferred charges and accrued income | 490/1 | €12,558 | €11,419 | -€1,139 | -9.1% |
| Total equity and liabilities | 10/49 | €375,783 | €364,199 | -€11,584 | -3.1% |
| Equity | 10/15 | €256,773 | €257,794 | +€1,021 | +0.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €250,573 | €251,594 | +€1,021 | +0.4% |
| Tax-exempt reserves | 132 | €21,054 | €0 | -€21,054 | -100.0% |
| Distributable reserves | 133 | €229,518 | €251,594 | +€22,076 | +9.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €119,011 | €106,405 | -€12,606 | -10.6% |
| Amounts payable after more than one year | 17 | €49,233 | €30,054 | -€19,180 | -39.0% |
| Financial debts | 170/4 | €49,233 | €30,054 | -€19,180 | -39.0% |
| Amounts payable within one year | 42/48 | €69,777 | €76,351 | +€6,574 | +9.4% |
| Current portion of amounts payable after more than one year | 42 | €18,522 | €19,180 | +€658 | +3.6% |
| Financial debts | 43 | €2,376 | €2,108 | -€268 | -11.3% |
| Credit institutions | 430/8 | €2,376 | €2,108 | -€268 | -11.3% |
| Trade debts | 44 | €1,384 | €8,129 | +€6,745 | +487.3% |
| Suppliers | 440/4 | €1,384 | €8,129 | +€6,745 | +487.3% |
| Taxes, remuneration and social security | 45 | €9,933 | €3,432 | -€6,501 | -65.4% |
| Taxes | 450/3 | €5,250 | €3,432 | -€1,817 | -34.6% |
| Remuneration and social security | 454/9 | €4,683 | €0 | -€4,683 | -100.0% |
| Other amounts payable | 47/48 | €37,562 | €43,502 | +€5,941 | +15.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €115 | €82 | -€33 | -28.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,413 | €25,667 | +€4,254 | +19.9% |
| Other operating charges | 640/8 | €20,905 | €20,606 | -€299 | -1.4% |
| Gross operating margin | 9900 | €109,165 | €103,959 | -€5,206 | -4.8% |
| Operating profit (loss) | 9901 | €66,732 | €57,604 | -€9,128 | -13.7% |
| Financial income | 75/76B | €0 | €1,237 | +€1,237 | |
| Recurring financial income | 75 | €0 | €1,237 | +€1,237 | |
| Financial charges | 65/66B | €5,462 | €3,747 | -€1,716 | -31.4% |
| Recurring financial charges | 65 | €5,462 | €3,747 | -€1,716 | -31.4% |
| Profit (loss) for the period before taxes | 9903 | €61,270 | €55,094 | -€6,176 | -10.1% |
| Income taxes | 67/77 | €17,302 | €17,612 | +€310 | +1.8% |
| Profit (loss) for the period | 9904 | €43,968 | €37,482 | -€6,486 | -14.8% |
| Transfer from tax-exempt reserves | 789 | - | €21,054 | +€21,054 | |
| Profit (loss) for the period to be appropriated | 9905 | €43,968 | €58,537 | +€14,568 | +33.1% |
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 9 October 2026 via checked.be.