Brussels Cargo Forwarding: 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.
Brussels Cargo Forwarding
Largest movements
- Receivables within one year +€29,566
up €29,566 (+630%), from €4,695 to €34,261
of which Trade receivables: +€28,719
- Cash -€17,063
down €17,063 (-26.0%), from €65,735 to €48,672
mainly Receivables within one year (-€29,566) and Other debts (-€1,384)
- Tangible fixed assets -€1,486
down €1,486 (-58.2%), from €2,552 to €1,066
- Profit (loss) carried forward +€11,331
up €11,331 (+15.8%), from €71,505 to €82,836
- Other debts -€1,384
down €1,384 (-51.2%), from €2,701 to €1,318
- Gross operating margin +€13,758
up €13,758 (+101%), from €13,595 to €27,353
- Taxes +€3,935
up €3,935 (+218%), from €1,805 to €5,740
- Financial charges -€313
down €313 (-4.1%), from €7,624 to €7,311
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 | €79,251 | €89,610 | +€10,358 | +13.1% |
| Fixed assets | 21/28 | €2,552 | €1,066 | -€1,486 | -58.2% |
| Tangible fixed assets | 22/27 | €2,552 | €1,066 | -€1,486 | -58.2% |
| Furniture and vehicles | 24 | €2,552 | €1,066 | -€1,486 | -58.2% |
| Current assets | 29/58 | €76,699 | €88,543 | +€11,844 | +15.4% |
| Stocks and contracts in progress | 3 | €1,800 | €1,800 | = | 0.0% |
| Stocks | 30/36 | €1,800 | €1,800 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €4,695 | €34,261 | +€29,566 | +630% |
| Trade receivables | 40 | - | €28,719 | +€28,719 | |
| Other amounts receivable | 41 | €4,695 | €5,542 | +€848 | +18.1% |
| Cash at bank and in hand | 54/58 | €65,735 | €48,672 | -€17,063 | -26.0% |
| Deferred charges and accrued income | 490/1 | €4,470 | €3,811 | -€659 | -14.7% |
| Total equity and liabilities | 10/49 | €79,251 | €89,610 | +€10,358 | +13.1% |
| Equity | 10/15 | €74,505 | €85,836 | +€11,331 | +15.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €71,505 | €82,836 | +€11,331 | +15.8% |
| Amounts payable | 17/49 | €4,746 | €3,774 | -€972 | -20.5% |
| Amounts payable within one year | 42/48 | €4,746 | €3,774 | -€972 | -20.5% |
| Trade debts | 44 | €1,204 | €1,438 | +€234 | +19.4% |
| Suppliers | 440/4 | €1,204 | €1,438 | +€234 | +19.4% |
| Taxes, remuneration and social security | 45 | €841 | €1,018 | +€177 | +21.1% |
| Taxes | 450/3 | €841 | €1,018 | +€177 | +21.1% |
| Other amounts payable | 47/48 | €2,701 | €1,318 | -€1,384 | -51.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,486 | €1,486 | = | 0.0% |
| Other operating charges | 640/8 | €591 | €653 | +€62 | +10.6% |
| Gross operating margin | 9900 | €13,595 | €27,353 | +€13,758 | +101% |
| Operating profit (loss) | 9901 | €11,519 | €25,214 | +€13,696 | +119% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €7,624 | €7,311 | -€313 | -4.1% |
| Recurring financial charges | 65 | €7,624 | €7,311 | -€313 | -4.1% |
| Profit (loss) for the period before taxes | 9903 | €3,895 | €17,904 | +€14,009 | +360% |
| Income taxes | 67/77 | €1,805 | €5,740 | +€3,935 | +218% |
| Profit (loss) for the period | 9904 | €2,089 | €12,164 | +€10,075 | +482% |
| Profit (loss) for the period to be appropriated | 9905 | €2,089 | €12,164 | +€10,075 | +482% |
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.