CARGO: 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.
CARGO
Largest movements
- Receivables within one year +€160,599
up €160,599 (+292.9%), from €54,824 to €215,423
of which Other amounts receivable: +€107,799
- Cash -€51,643
down €51,643 (-8.2%), from €632,851 to €581,208
mainly Receivables within one year (-€160,599) and Investment in fixed assets (net) (-€40,109)
- Profit (loss) carried forward +€136,332
up €136,332 (+207.5%), from €65,707 to €202,039
- Tax, wage and social debts -€19,470
down €19,470 (-11.4%), from €170,655 to €151,185
of which Taxes: -€23,378
- Gross operating margin -€59,643
down €59,643 (-12.1%), from €491,991 to €432,348
- Staff costs +€21,520
up €21,520 (+11.2%), from €192,841 to €214,361
- Taxes -€21,276
down €21,276 (-28.6%), from €74,314 to €53,038
- Depreciation +€20,346
up €20,346 (+228.9%), from €8,889 to €29,235
- Other operating charges -€9,621
down €9,621 (-78.1%), from €12,322 to €2,701
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €907,389 | €1,027,220 | +€119,831 | +13.2% |
| Fixed assets | 21/28 | €132,306 | €143,180 | +€10,874 | +8.2% |
| Tangible fixed assets | 22/27 | €130,582 | €133,112 | +€2,529 | +1.9% |
| Land and buildings | 22 | €15,009 | €27,544 | +€12,536 | +83.5% |
| Plant, machinery and equipment | 23 | €110,817 | €103,737 | -€7,080 | -6.4% |
| Furniture and vehicles | 24 | €4,507 | €1,831 | -€2,676 | -59.4% |
| Other tangible fixed assets | 26 | €250 | - | -€250 | |
| Financial fixed assets | 28 | €1,723 | €10,068 | +€8,344 | +484.2% |
| Current assets | 29/58 | €775,084 | €884,040 | +€108,957 | +14.1% |
| Stocks and contracts in progress | 3 | €87,409 | €87,409 | = | 0.0% |
| Stocks | 30/36 | €87,409 | €87,409 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €54,824 | €215,423 | +€160,599 | +292.9% |
| Trade receivables | 40 | €42,622 | €95,423 | +€52,801 | +123.9% |
| Other amounts receivable | 41 | €12,201 | €120,000 | +€107,799 | +883.5% |
| Cash at bank and in hand | 54/58 | €632,851 | €581,208 | -€51,643 | -8.2% |
| Total equity and liabilities | 10/49 | €907,389 | €1,027,220 | +€119,831 | +13.2% |
| Equity | 10/15 | €94,158 | €230,490 | +€136,332 | +144.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €9,859 | €9,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €65,707 | €202,039 | +€136,332 | +207.5% |
| Amounts payable | 17/49 | €813,232 | €796,730 | -€16,501 | -2.0% |
| Amounts payable after more than one year | 17 | €596,326 | €596,326 | = | 0.0% |
| Financial debts | 170/4 | €596,326 | €596,326 | = | 0.0% |
| Amounts payable within one year | 42/48 | €216,905 | €200,404 | -€16,501 | -7.6% |
| Trade debts | 44 | €16,638 | €19,409 | +€2,771 | +16.7% |
| Suppliers | 440/4 | €16,638 | €19,409 | +€2,771 | +16.7% |
| Taxes, remuneration and social security | 45 | €170,655 | €151,185 | -€19,470 | -11.4% |
| Taxes | 450/3 | €160,822 | €137,444 | -€23,378 | -14.5% |
| Remuneration and social security | 454/9 | €9,833 | €13,741 | +€3,908 | +39.7% |
| Other amounts payable | 47/48 | €29,613 | €29,810 | +€197 | +0.7% |
| Remuneration, social security and pensions | 62 | €192,841 | €214,361 | +€21,520 | +11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,889 | €29,235 | +€20,346 | +228.9% |
| Other operating charges | 640/8 | €12,322 | €2,701 | -€9,621 | -78.1% |
| Gross operating margin | 9900 | €491,991 | €432,348 | -€59,643 | -12.1% |
| Operating profit (loss) | 9901 | €277,939 | €186,051 | -€91,888 | -33.1% |
| Financial income | 75/76B | €1 | €3,580 | +€3,579 | +303273.7% |
| Recurring financial income | 75 | €1 | €3,580 | +€3,579 | +303273.7% |
| Financial charges | 65/66B | €169 | €261 | +€91 | +53.9% |
| Recurring financial charges | 65 | €169 | €261 | +€91 | +53.9% |
| Profit (loss) for the period before taxes | 9903 | €277,771 | €189,370 | -€88,401 | -31.8% |
| Income taxes | 67/77 | €74,314 | €53,038 | -€21,276 | -28.6% |
| Profit (loss) for the period | 9904 | €203,457 | €136,332 | -€67,125 | -33.0% |
| Profit (loss) for the period to be appropriated | 9905 | €203,457 | €136,332 | -€67,125 | -33.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.