BE CARGO: 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.
BE CARGO
Largest movements
- Receivables within one year +€500,585
up €500,585 (+313.9%), from €159,465 to €660,050
of which Trade receivables: +€373,530
- Cash +€142,482
up €142,482 (+259.5%), from €54,906 to €197,388
mainly Net result for the year (+€255,701) and Trade debts (+€194,639)
- Tangible fixed assets -€37,968
down €37,968 (-21.6%), from €176,047 to €138,079
of which Leasing and similar rights: -€37,331
- Profit (loss) carried forward +€255,701
up €255,701 (+370.6%), from €69,002 to €324,703
- Trade debts +€194,639
up €194,639 (+188.6%), from €103,194 to €297,833
- Current portion of long-term debt +€128,892
up €128,892 (+173.9%), from €74,124 to €203,016
- Tax, wage and social debts +€79,278
up €79,278 (+353.5%), from €22,426 to €101,704
of which Remuneration and social security: +€79,112
- Debts after one year -€53,276
down €53,276 (-44.9%), from €118,673 to €65,397
- Gross operating margin +€291,858
up €291,858 (+96.2%), from €303,504 to €595,362
- Staff costs +€78,199
up €78,199 (+44.7%), from €175,062 to €253,261
- Taxes -€12,017
no longer reported in 2025 (was €12,017)
- Financial charges -€9,090
down €9,090 (-59.0%), from €15,408 to €6,318
of which Financial charges: -€9,071
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 | €399,419 | €1,004,653 | +€605,234 | +151.5% |
| Fixed assets | 21/28 | €185,047 | €147,214 | -€37,833 | -20.4% |
| Tangible fixed assets | 22/27 | €176,047 | €138,079 | -€37,968 | -21.6% |
| Furniture and vehicles | 24 | €66,758 | €66,121 | -€637 | -1.0% |
| Leasing and similar rights | 25 | €109,289 | €71,959 | -€37,331 | -34.2% |
| Financial fixed assets | 28 | €9,000 | €9,135 | +€135 | +1.5% |
| Current assets | 29/58 | €214,372 | €857,439 | +€643,067 | +300.0% |
| Amounts receivable within one year | 40/41 | €159,465 | €660,050 | +€500,585 | +313.9% |
| Trade receivables | 40 | €124,192 | €497,722 | +€373,530 | +300.8% |
| Other amounts receivable | 41 | €35,273 | €162,328 | +€127,055 | +360.2% |
| Cash at bank and in hand | 54/58 | €54,906 | €197,388 | +€142,482 | +259.5% |
| Total equity and liabilities | 10/49 | €399,419 | €1,004,653 | +€605,234 | +151.5% |
| Equity | 10/15 | €81,002 | €336,703 | +€255,701 | +315.7% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €69,002 | €324,703 | +€255,701 | +370.6% |
| Amounts payable | 17/49 | €318,417 | €667,950 | +€349,533 | +109.8% |
| Amounts payable after more than one year | 17 | €118,673 | €65,397 | -€53,276 | -44.9% |
| Financial debts | 170/4 | €118,673 | €65,397 | -€53,276 | -44.9% |
| Amounts payable within one year | 42/48 | €199,744 | €602,553 | +€402,809 | +201.7% |
| Current portion of amounts payable after more than one year | 42 | €74,124 | €203,016 | +€128,892 | +173.9% |
| Trade debts | 44 | €103,194 | €297,833 | +€194,639 | +188.6% |
| Suppliers | 440/4 | €103,194 | €297,833 | +€194,639 | +188.6% |
| Taxes, remuneration and social security | 45 | €22,426 | €101,704 | +€79,278 | +353.5% |
| Taxes | 450/3 | €570 | €736 | +€166 | +29.2% |
| Remuneration and social security | 454/9 | €21,856 | €100,968 | +€79,112 | +362.0% |
| Remuneration, social security and pensions | 62 | €175,062 | €253,261 | +€78,199 | +44.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,743 | €63,498 | -€3,245 | -4.9% |
| Other operating charges | 640/8 | €19,717 | €16,585 | -€3,132 | -15.9% |
| Gross operating margin | 9900 | €303,504 | €595,362 | +€291,858 | +96.2% |
| Operating profit (loss) | 9901 | €41,982 | €262,018 | +€220,036 | +524.1% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €15,408 | €6,318 | -€9,090 | -59.0% |
| Recurring financial charges | 65 | €15,388 | €6,318 | -€9,071 | -58.9% |
| Non-recurring financial charges | 66B | €19 | - | -€19 | |
| Profit (loss) for the period before taxes | 9903 | €26,575 | €255,701 | +€229,126 | +862.2% |
| Income taxes | 67/77 | €12,017 | - | -€12,017 | |
| Profit (loss) for the period | 9904 | €14,557 | €255,701 | +€241,144 | +1656.5% |
| Profit (loss) for the period to be appropriated | 9905 | €14,557 | €255,701 | +€241,144 | +1656.5% |
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 4 October 2026 via checked.be.