CARGIDES GROUP: 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.
CARGIDES GROUP
Largest movements
- Receivables within one year +€70,774
up €70,774 (+73.0%), from €96,990 to €167,764
of which Trade receivables: +€36,244
- Tangible fixed assets -€17,689
down €17,689 (-18.1%), from €97,495 to €79,806
of which Furniture and vehicles: -€19,754
- Intangible fixed assets +€11,716
up €11,716 (+578%), from €2,027 to €13,743
- Deferred charges and accrued income -€9,610
down €9,610 (-41.4%), from €23,234 to €13,623
- Cash -€9,425
down €9,425 (-100%), from €9,425 to €0
mainly Receivables within one year (-€70,774) and Investment in fixed assets (net) (-€19,268)
- Short-term financial debts +€20,203
up €20,203 (+320%), from €6,310 to €26,513
- Debts after one year -€18,140
down €18,140 (-33.5%), from €54,103 to €35,963
- Trade debts +€17,238
up €17,238 (+117%), from €14,750 to €31,988
- Tax, wage and social debts +€16,728
up €16,728 (+49.7%), from €33,666 to €50,394
of which Remuneration and social security: +€11,189
- Reserves +€10,232
up €10,232 (+12.2%), from €83,694 to €93,927
- Gross operating margin +€38,663
up €38,663 (+30.0%), from €128,839 to €167,501
- Staff costs +€36,243
up €36,243 (+42.2%), from €85,798 to €122,041
- Depreciation +€11,904
up €11,904 (+89.3%), from €13,337 to €25,240
- Financial charges +€2,643
up €2,643 (+83.0%), from €3,183 to €5,826
- Financial income +€1,998
up €1,998 (+3,583%), from €56 to €2,054
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 | €232,921 | €278,687 | +€45,766 | +19.6% |
| Fixed assets | 21/28 | €103,272 | €97,300 | -€5,972 | -5.8% |
| Intangible fixed assets | 21 | €2,027 | €13,743 | +€11,716 | +578% |
| Tangible fixed assets | 22/27 | €97,495 | €79,806 | -€17,689 | -18.1% |
| Plant, machinery and equipment | 23 | €10,910 | €12,975 | +€2,065 | +18.9% |
| Furniture and vehicles | 24 | €86,585 | €66,832 | -€19,754 | -22.8% |
| Financial fixed assets | 28 | €3,750 | €3,750 | = | 0.0% |
| Current assets | 29/58 | €129,649 | €181,388 | +€51,739 | +39.9% |
| Amounts receivable within one year | 40/41 | €96,990 | €167,764 | +€70,774 | +73.0% |
| Trade receivables | 40 | €64,099 | €100,342 | +€36,244 | +56.5% |
| Other amounts receivable | 41 | €32,892 | €67,422 | +€34,531 | +105% |
| Cash at bank and in hand | 54/58 | €9,425 | €0 | -€9,425 | -100% |
| Deferred charges and accrued income | 490/1 | €23,234 | €13,623 | -€9,610 | -41.4% |
| Total equity and liabilities | 10/49 | €232,921 | €278,687 | +€45,766 | +19.6% |
| Equity | 10/15 | €93,694 | €103,927 | +€10,232 | +10.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €83,694 | €93,927 | +€10,232 | +12.2% |
| Distributable reserves | 133 | €83,694 | €93,927 | +€10,232 | +12.2% |
| Amounts payable | 17/49 | €139,227 | €174,761 | +€35,534 | +25.5% |
| Amounts payable after more than one year | 17 | €54,103 | €35,963 | -€18,140 | -33.5% |
| Financial debts | 170/4 | €54,103 | €35,963 | -€18,140 | -33.5% |
| Amounts payable within one year | 42/48 | €84,787 | €137,621 | +€52,834 | +62.3% |
| Current portion of amounts payable after more than one year | 42 | €27,321 | €28,726 | +€1,405 | +5.1% |
| Financial debts | 43 | €6,310 | €26,513 | +€20,203 | +320% |
| Credit institutions | 430/8 | €6,310 | €26,513 | +€20,203 | +320% |
| Trade debts | 44 | €14,750 | €31,988 | +€17,238 | +117% |
| Suppliers | 440/4 | €14,750 | €31,988 | +€17,238 | +117% |
| Taxes, remuneration and social security | 45 | €33,666 | €50,394 | +€16,728 | +49.7% |
| Taxes | 450/3 | €16,598 | €22,138 | +€5,539 | +33.4% |
| Remuneration and social security | 454/9 | €17,068 | €28,256 | +€11,189 | +65.6% |
| Other amounts payable | 47/48 | €2,741 | €0 | -€2,741 | -100% |
| Accrued charges and deferred income | 492/3 | €336 | €1,176 | +€840 | +250% |
| Remuneration, social security and pensions | 62 | €85,798 | €122,041 | +€36,243 | +42.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,337 | €25,240 | +€11,904 | +89.3% |
| Other operating charges | 640/8 | €1,206 | €1,912 | +€706 | +58.5% |
| Gross operating margin | 9900 | €128,839 | €167,501 | +€38,663 | +30.0% |
| Operating profit (loss) | 9901 | €28,498 | €18,308 | -€10,189 | -35.8% |
| Financial income | 75/76B | €56 | €2,054 | +€1,998 | +3,583% |
| Recurring financial income | 75 | €56 | €2,054 | +€1,998 | +3,583% |
| Financial charges | 65/66B | €3,183 | €5,826 | +€2,643 | +83.0% |
| Recurring financial charges | 65 | €3,183 | €5,826 | +€2,643 | +83.0% |
| Profit (loss) for the period before taxes | 9903 | €25,371 | €14,536 | -€10,834 | -42.7% |
| Income taxes | 67/77 | €6,132 | €4,304 | -€1,828 | -29.8% |
| Profit (loss) for the period | 9904 | €19,238 | €10,232 | -€9,006 | -46.8% |
| Profit (loss) for the period to be appropriated | 9905 | €19,238 | €10,232 | -€9,006 | -46.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.