BKP Cargo: 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.
BKP Cargo
Largest movements
- Tangible fixed assets +€193,811
up €193,811 (+214%), from €90,387 to €284,198
of which Furniture and vehicles: +€195,224
- Receivables within one year +€87,818
up €87,818 (+134%), from €65,486 to €153,304
of which Trade receivables: +€53,642
- Cash -€68,897
down €68,897 (-42.5%), from €161,972 to €93,074
mainly Investment in fixed assets (net) (-€253,499) and Receivables within one year (-€87,818)
- Debts after one year +€113,077
new in 2025: €113,077
- Trade debts +€42,665
up €42,665 (+204%), from €20,910 to €63,575
- Reserves +€22,259
up €22,259 (+13.6%), from €163,721 to €185,980
- Current portion of long-term debt +€19,282
up €19,282 (+156%), from €12,387 to €31,669
- Other debts +€14,065
up €14,065 (+13.5%), from €104,307 to €118,371
- Gross operating margin -€24,369
down €24,369 (-21.5%), from €113,267 to €88,898
- Depreciation +€19,306
up €19,306 (+47.8%), from €40,382 to €59,688
- Taxes -€13,130
down €13,130 (-100%), from €13,130 to €0
- Other operating charges -€5,603
down €5,603 (-66.5%), from €8,426 to €2,823
- Financial charges +€3,255
up €3,255 (+268%), from €1,212 to €4,468
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 | €319,925 | €535,172 | +€215,247 | +67.3% |
| Fixed assets | 21/28 | €90,387 | €284,198 | +€193,811 | +214% |
| Tangible fixed assets | 22/27 | €90,387 | €284,198 | +€193,811 | +214% |
| Plant, machinery and equipment | 23 | €1,630 | €216 | -€1,414 | -86.7% |
| Furniture and vehicles | 24 | €88,757 | €283,981 | +€195,224 | +220% |
| Current assets | 29/58 | €229,538 | €250,974 | +€21,436 | +9.3% |
| Amounts receivable within one year | 40/41 | €65,486 | €153,304 | +€87,818 | +134% |
| Trade receivables | 40 | €43,171 | €96,813 | +€53,642 | +124% |
| Other amounts receivable | 41 | €22,315 | €56,491 | +€34,176 | +153% |
| Cash at bank and in hand | 54/58 | €161,972 | €93,074 | -€68,897 | -42.5% |
| Deferred charges and accrued income | 490/1 | €2,080 | €4,596 | +€2,516 | +121% |
| Total equity and liabilities | 10/49 | €319,925 | €535,172 | +€215,247 | +67.3% |
| Equity | 10/15 | €182,321 | €204,580 | +€22,259 | +12.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €163,721 | €185,980 | +€22,259 | +13.6% |
| Distributable reserves | 133 | €163,721 | €185,980 | +€22,259 | +13.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €137,604 | €330,592 | +€192,988 | +140% |
| Amounts payable after more than one year | 17 | - | €113,077 | +€113,077 | |
| Financial debts | 170/4 | - | €113,077 | +€113,077 | |
| Amounts payable within one year | 42/48 | €137,604 | €217,515 | +€79,911 | +58.1% |
| Current portion of amounts payable after more than one year | 42 | €12,387 | €31,669 | +€19,282 | +156% |
| Trade debts | 44 | €20,910 | €63,575 | +€42,665 | +204% |
| Suppliers | 440/4 | €20,910 | €63,575 | +€42,665 | +204% |
| Taxes, remuneration and social security | 45 | - | €3,900 | +€3,900 | |
| Taxes | 450/3 | - | €3,900 | +€3,900 | |
| Other amounts payable | 47/48 | €104,307 | €118,371 | +€14,065 | +13.5% |
| Non-recurring operating income | 76A | €1,500 | €11,436 | +€9,936 | +662% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,382 | €59,688 | +€19,306 | +47.8% |
| Other operating charges | 640/8 | €8,426 | €2,823 | -€5,603 | -66.5% |
| Non-recurring operating charges | 66A | €1,366 | €0 | -€1,366 | -100% |
| Gross operating margin | 9900 | €113,267 | €88,898 | -€24,369 | -21.5% |
| Operating profit (loss) | 9901 | €63,093 | €26,387 | -€36,706 | -58.2% |
| Financial income | 75/76B | - | €339 | +€339 | |
| Recurring financial income | 75 | - | €339 | +€339 | |
| Financial charges | 65/66B | €1,212 | €4,468 | +€3,255 | +268% |
| Recurring financial charges | 65 | €1,212 | €4,468 | +€3,255 | +268% |
| Profit (loss) for the period before taxes | 9903 | €61,880 | €22,259 | -€39,622 | -64.0% |
| Income taxes | 67/77 | €13,130 | €0 | -€13,130 | -100% |
| Profit (loss) for the period | 9904 | €48,750 | €22,259 | -€26,492 | -54.3% |
| Profit (loss) for the period to be appropriated | 9905 | €48,750 | €22,259 | -€26,492 | -54.3% |
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 23 October 2026 via checked.be.