CAGRO EXPRESS: 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.
CAGRO EXPRESS
Largest movements
- Stocks and contracts -€11,384
down €11,384 (-61.7%), from €18,454 to €7,070
- Cash +€5,855
up €5,855 (+610.4%), from €959 to €6,814
mainly Other debts (+€19,870) and Stocks and contracts (+€11,384)
- Tangible fixed assets -€2,706
down €2,706 (-25.3%), from €10,688 to €7,982
- Receivables within one year -€1,306
no longer reported in 2025 (was €1,306)
of which Trade receivables: -€915
- Deferred charges and accrued income -€698
no longer reported in 2025 (was €698)
- Debts after one year -€43,250
no longer reported in 2025 (was €43,250)
- Other debts +€19,870
up €19,870 (+1401.8%), from €1,417 to €21,287
- Profit (loss) carried forward +€6,549
up €6,549 (+79.3%), from -€8,262 to -€1,713
- Tax, wage and social debts +€3,605
new in 2025: €3,605
- Trade debts +€2,986
up €2,986 (+85.3%), from €3,501 to €6,487
- Gross operating margin +€18,939
up €18,939 (+440.9%), from €4,296 to €23,236
- Financial income -€14,362
no longer reported in 2025 (was €14,362)
- Staff costs +€7,914
up €7,914 (+14825.6%), from €53 to €7,967
- Taxes +€5,191
new in 2025: €5,191
- Financial charges -€1,259
down €1,259 (-74.7%), from €1,685 to €426
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 | €42,906 | €32,667 | -€10,239 | -23.9% |
| Fixed assets | 21/28 | €21,488 | €18,782 | -€2,706 | -12.6% |
| Tangible fixed assets | 22/27 | €10,688 | €7,982 | -€2,706 | -25.3% |
| Furniture and vehicles | 24 | €10,688 | €7,982 | -€2,706 | -25.3% |
| Financial fixed assets | 28 | €10,800 | €10,800 | = | 0.0% |
| Current assets | 29/58 | €21,418 | €13,884 | -€7,533 | -35.2% |
| Stocks and contracts in progress | 3 | €18,454 | €7,070 | -€11,384 | -61.7% |
| Stocks | 30/36 | €18,454 | €7,070 | -€11,384 | -61.7% |
| Amounts receivable within one year | 40/41 | €1,306 | - | -€1,306 | |
| Trade receivables | 40 | €915 | - | -€915 | |
| Other amounts receivable | 41 | €391 | - | -€391 | |
| Cash at bank and in hand | 54/58 | €959 | €6,814 | +€5,855 | +610.4% |
| Deferred charges and accrued income | 490/1 | €698 | - | -€698 | |
| Total equity and liabilities | 10/49 | €42,906 | €32,667 | -€10,239 | -23.9% |
| Equity | 10/15 | -€5,262 | €1,287 | +€6,549 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,262 | -€1,713 | +€6,549 | +79.3% |
| Amounts payable | 17/49 | €48,168 | €31,380 | -€16,789 | -34.9% |
| Amounts payable after more than one year | 17 | €43,250 | - | -€43,250 | |
| Financial debts | 170/4 | €43,250 | - | -€43,250 | |
| Amounts payable within one year | 42/48 | €4,918 | €31,380 | +€26,461 | +538.0% |
| Trade debts | 44 | €3,501 | €6,487 | +€2,986 | +85.3% |
| Suppliers | 440/4 | €3,501 | €6,487 | +€2,986 | +85.3% |
| Taxes, remuneration and social security | 45 | - | €3,605 | +€3,605 | |
| Taxes | 450/3 | - | €3,605 | +€3,605 | |
| Other amounts payable | 47/48 | €1,417 | €21,287 | +€19,870 | +1401.8% |
| Remuneration, social security and pensions | 62 | €53 | €7,967 | +€7,914 | +14825.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,706 | €2,706 | = | 0.0% |
| Other operating charges | 640/8 | - | €396 | +€396 | |
| Gross operating margin | 9900 | €4,296 | €23,236 | +€18,939 | +440.9% |
| Operating profit (loss) | 9901 | €1,537 | €12,166 | +€10,630 | +691.7% |
| Financial income | 75/76B | €14,362 | - | -€14,362 | |
| Recurring financial income | 75 | €14,362 | - | -€14,362 | |
| Financial charges | 65/66B | €1,685 | €426 | -€1,259 | -74.7% |
| Recurring financial charges | 65 | €1,685 | €426 | -€1,259 | -74.7% |
| Profit (loss) for the period before taxes | 9903 | €14,214 | €11,740 | -€2,474 | -17.4% |
| Income taxes | 67/77 | - | €5,191 | +€5,191 | |
| Profit (loss) for the period | 9904 | €14,214 | €6,549 | -€7,665 | -53.9% |
| Profit (loss) for the period to be appropriated | 9905 | €14,214 | €6,549 | -€7,665 | -53.9% |
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.