4. Revenue from Contracts with Customers

Revenue

In accordance with IFRS 15, revenue is recognized either at a stated point in time or over a certain period when or as the performance obligation is satisfied and control is passed to the customer.

The amount of the revenue is based on the consideration agreed with the customer in exchange for transferring the promised goods or services.

The main services provided by the divisions, according to business areas, are described in note 2.

In the BLG Group, revenue is normally recognized pursuant to IFRS 15.B16 in the amount permitted to be invoiced, as the invoiced amounts correspond directly to the value of the services rendered to date. BLG LOGISTICS therefore makes use of the exemption provided for by IFRS 15.121 (b) and does not disclose the amount of the remaining performance obligations for these contracts.

In accordance with IFRS 15, revenue is recognized either at a stated point in time or over a certain period when or as the performance obligation is satisfied and control is passed to the customer.

The amount of the revenue is based on the consideration agreed with the customer in exchange for transferring the promised goods or services.

The main services provided by the divisions, according to business areas, are described in note 2.

In the BLG Group, revenue is normally recognized pursuant to IFRS 15.B16 in the amount permitted to be invoiced, as the invoiced amounts correspond directly to the value of the services rendered to date. The BLG Group therefore makes use of the exemption provided for by IFRS 15.121 (b) and does not disclose the amount of the remaining performance obligations for these contracts.

The tables below itemize revenue by service type and by business segment or region and allocate the subdivided revenue to the AUTOMOBILE and CONTRACT Divisions. The CONTAINER Division is not included because it is accounted for using the equity method. A breakdown by revenue generated in Germany and abroad is included in note 3.

By service type

EUR thousand

 

AUTOMOBILE
2024

 

AUTOMOBILE
2023

 

CONTRACT
2024

 

CONTRACT
2023

 

Total
2024

 

Total
2023

Freight forwarding and transport services

 

375,996

 

364,837

 

44,676

 

46,952

 

420,672

 

411,789

Handling revenue

 

115,281

 

98,856

 

203,714

 

249,895

 

318,995

 

348,751

Other logistics services and advisory services

 

70,217

 

70,406

 

176,288

 

135,880

 

246,505

 

206,286

Rental and storage income

 

106,298

 

63,938

 

48,821

 

48,154

 

155,119

 

112,092

Sales of materials

 

11,931

 

15,057

 

15,886

 

14,102

 

27,817

 

29,159

Provision of personnel and equipment

 

2,926

 

2,257

 

22,522

 

29,891

 

25,448

 

32,148

Shipping income

 

2,955

 

2,501

 

3,318

 

2,663

 

6,273

 

5,164

Other

 

1,930

 

24,031

 

20,396

 

41,606

 

22,326

 

65,637

Total

 

687,534

 

641,883

 

535,621

 

569,143

 

1,223,155

 

1,211,026

Consolidation

 

-1,216

 

-98

 

-1,275

 

-893

 

-2,491

 

-991

Total

 

686,318

 

641,785

 

534,346

 

568,250

 

1,220,664

 

1,210,035

By business area/region

EUR thousand

 

2024

 

2023

AUTOMOBILE

 

 

 

 

Seaport terminals

 

297,157

 

230,654

Inland terminals

 

89,727

 

79,269

AutoTransport

 

149,837

 

181,525

Rail

 

126,828

 

131,135

Southern/Eastern Europe

 

17,414

 

16,893

Other

 

5,355

 

2,309

 

 

686,318

 

641,785

CONTRACT

 

 

 

 

Region North

 

154,485

 

172,833

Region North Rhine-Westphalia

 

52,044

 

46,808

Region Center

 

58,754

 

88,856

Region East

 

43,408

 

38,887

Region Thuringia

 

50,824

 

67,432

Region South 1

 

28,044

 

31,982

Region South 2

 

53,627

 

32,180

Business Units Overseas

 

31,985

 

33,078

Other

 

61,175

 

56,194

 

 

534,346

 

568,250

Total

 

1,220,664

 

1,210,035

Assets and liabilities from contracts with customers

Contract assets relate primarily to rights to receive consideration from customers arising from the fulfillment of performance obligations for which no invoice has been issued at the end of the reporting period. They are recognized under other assets in the statement of financial position (note 18).

Contract assets are reclassified as trade receivables if the right to receive consideration becomes unconditional. This is the case if the payment is due or will become due automatically due to the passage of time.

An allowance account was recognized in net profit or loss on the basis of expected credit losses using the simplified approach. According to this approach, the amount of the loss allowance is to be determined on the basis of the lifetime expected credit losses. Changes in credit risk do not have to be tracked. The allowance account is recognized net as a separate item in the statement of profit or loss. Please also refer to note 32.

As the risk structure of the contract assets primarily corresponds to the risk structure of the trade receivables, the same expected credit loss rates are recognized for the allowance account. The calculation of credit loss rates is described in note 18.

Contract liabilities arise from advance payments by customers or unconditional rights to receive consideration from customers that already exist before the (full) satisfaction of the performance obligations. Revenue is only recognized once the services have been transferred to the customer. They are recognized under other liabilities in the statement of financial position (note 28).

Assets and liabilities

EUR thousand

 

12/31/2024

 

12/31/2023

Contract assets

 

13,702

 

17,774

Contract liabilities

 

2,207

 

2,982

The tables below contain information on the development of contract assets and contract liabilities.

Contract assets

EUR thousand

 

2024

 

2023

As of January 1 (gross)

 

17,844

 

17,213

Reclassification to trade receivables (during the year)

 

-16,753

 

-15,877

Change from progress in the reporting year

 

12,669

 

16,508

As of December 31 (gross)

 

13,760

 

17,844

Loss allowances

 

-58

 

-70

As of December 31

 

13,702

 

17,774

Contract liabilities

EUR thousand

 

2024

 

2023

As of January 1 (gross)

 

2,982

 

1,848

Revenue recognized in the reporting year:

 

-1,051

 

-1,058

of which included in contract liabilities at the beginning of the reporting year

 

-1,051

 

-1,058

Increase due to payments received (not including amounts recognized as revenue in the reporting year)

 

815

 

2,222

Other changes

 

-539

 

-30

As of December 31

 

2,207

 

2,982

The credit risk and the expected credit losses for contract assets were as follows as of December 31, 2024 and December 31, 2023:

Contract assets – Credit risk and expected credit losses

EUR thousand

 

12/31/2024
Not past due

 

12/31/2023
Not past due

Nominal amounts

 

13,760

 

17,844

Loss allowances

 

-58

 

-70

Carrying amounts

 

13,702

 

17,774

Loss allowances on contract assets developed as follows:

Contract assets – Loss allowances

EUR thousand

 

2024

 

2023

Amount as of the beginning of the financial year

 

70

 

54

Loss allowances for the financial year

 

 

 

 

Transfers

 

6

 

22

Reversals

 

-18

 

-6

Amount as of the end of the financial year

 

58

 

70

Topics Filter

Results for