Bulk Cargo Handling: 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.
Bulk Cargo Handling
Largest movements
- Tangible fixed assets +€538,049
up €538,049 (+143%), from €376,306 to €914,355
of which Furniture and vehicles: +€285,533
- Receivables within one year +€166,468
up €166,468 (+39.7%), from €419,110 to €585,579
of which Other amounts receivable: +€189,771
- Intangible fixed assets +€95,546
new in 2025: €95,546
- Cash -€34,476
no longer reported in 2025 (was €34,476)
mainly Investment in fixed assets (net) (-€780,373) and Receivables within one year (-€166,468)
- Trade debts +€562,485
up €562,485 (+307%), from €183,038 to €745,523
- Profit (loss) carried forward +€235,356
up €235,356 (+67.6%), from -€348,307 to -€112,951
- Other debts -€138,011
no longer reported in 2025 (was €138,011)
- Current portion of long-term debt +€59,937
up €59,937 (+49.1%), from €121,947 to €181,884
- Debts after one year +€47,899
up €47,899 (+23.0%), from €208,631 to €256,530
- Financial charges -€117,600
down €117,600 (-89.5%), from €131,414 to €13,814
of which Non-recurring financial charges: -€99,004
- Depreciation -€86,791
down €86,791 (-37.2%), from €233,569 to €146,778
- Staff costs -€21,854
no longer reported in 2025 (was €21,854)
- Other operating charges -€21,248
down €21,248 (-67.7%), from €31,405 to €10,157
- Gross operating margin +€7,880
up €7,880 (+2.0%), from €392,634 to €400,513
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 | €854,093 | €1,611,372 | +€757,279 | +88.7% |
| Fixed assets | 21/28 | €376,306 | €1,009,901 | +€633,595 | +168% |
| Intangible fixed assets | 21 | - | €95,546 | +€95,546 | |
| Tangible fixed assets | 22/27 | €376,306 | €914,355 | +€538,049 | +143% |
| Plant, machinery and equipment | 23 | €19,864 | €131,995 | +€112,131 | +564% |
| Furniture and vehicles | 24 | €59,741 | €345,274 | +€285,533 | +478% |
| Leasing and similar rights | 25 | €296,701 | €437,085 | +€140,384 | +47.3% |
| Current assets | 29/58 | €477,787 | €601,472 | +€123,685 | +25.9% |
| Stocks and contracts in progress | 3 | €5,200 | €1,383 | -€3,817 | -73.4% |
| Stocks | 30/36 | €5,200 | €1,383 | -€3,817 | -73.4% |
| Amounts receivable within one year | 40/41 | €419,110 | €585,579 | +€166,468 | +39.7% |
| Trade receivables | 40 | €269,293 | €245,991 | -€23,303 | -8.7% |
| Other amounts receivable | 41 | €149,817 | €339,588 | +€189,771 | +127% |
| Cash at bank and in hand | 54/58 | €34,476 | - | -€34,476 | |
| Deferred charges and accrued income | 490/1 | €19,001 | €14,510 | -€4,491 | -23.6% |
| Total equity and liabilities | 10/49 | €854,093 | €1,611,372 | +€757,279 | +88.7% |
| Equity | 10/15 | €192,079 | €427,435 | +€235,356 | +123% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €520,386 | €520,386 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,949 | €18,949 | = | 0.0% |
| Distributable reserves | 133 | €501,437 | €501,437 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€348,307 | -€112,951 | +€235,356 | +67.6% |
| Amounts payable | 17/49 | €662,014 | €1,183,938 | +€521,924 | +78.8% |
| Amounts payable after more than one year | 17 | €208,631 | €256,530 | +€47,899 | +23.0% |
| Financial debts | 170/4 | €208,631 | €256,530 | +€47,899 | +23.0% |
| Amounts payable within one year | 42/48 | €452,771 | €927,408 | +€474,637 | +105% |
| Current portion of amounts payable after more than one year | 42 | €121,947 | €181,884 | +€59,937 | +49.1% |
| Trade debts | 44 | €183,038 | €745,523 | +€562,485 | +307% |
| Suppliers | 440/4 | €183,038 | €745,523 | +€562,485 | +307% |
| Taxes, remuneration and social security | 45 | €9,774 | - | -€9,774 | |
| Taxes | 450/3 | €9,774 | - | -€9,774 | |
| Other amounts payable | 47/48 | €138,011 | - | -€138,011 | |
| Accrued charges and deferred income | 492/3 | €612 | - | -€612 | |
| Remuneration, social security and pensions | 62 | €21,854 | - | -€21,854 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €233,569 | €146,778 | -€86,791 | -37.2% |
| Other operating charges | 640/8 | €31,405 | €10,157 | -€21,248 | -67.7% |
| Non-recurring operating charges | 66A | €8,669 | - | -€8,669 | |
| Gross operating margin | 9900 | €392,634 | €400,513 | +€7,880 | +2.0% |
| Operating profit (loss) | 9901 | €97,137 | €243,578 | +€146,441 | +151% |
| Financial income | 75/76B | €6,131 | €5,591 | -€539 | -8.8% |
| Recurring financial income | 75 | €6,131 | €5,591 | -€539 | -8.8% |
| Financial charges | 65/66B | €131,414 | €13,814 | -€117,600 | -89.5% |
| Recurring financial charges | 65 | €32,410 | €13,814 | -€18,596 | -57.4% |
| Non-recurring financial charges | 66B | €99,004 | - | -€99,004 | |
| Profit (loss) for the period before taxes | 9903 | -€28,146 | €235,356 | +€263,502 | |
| Profit (loss) for the period | 9904 | -€28,146 | €235,356 | +€263,502 | |
| Profit (loss) for the period to be appropriated | 9905 | -€28,146 | €235,356 | +€263,502 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.