Cargo: 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.
Cargo
Largest movements
- Cash -€20,991
down €20,991 (-18.9%), from €111,124 to €90,133
mainly Contributions, distributions and other (-€30,840) and Tax, wage and social debts (-€14,622)
- Receivables within one year -€7,351
down €7,351 (-19.4%), from €37,838 to €30,487
of which Trade receivables: -€6,553
- Deferred charges and accrued income +€5,251
up €5,251 (+6615.3%), from €79 to €5,330
- Reserves -€23,455
down €23,455 (-17.8%), from €131,752 to €108,298
- Trade debts +€21,487
up €21,487 (+421.3%), from €5,100 to €26,587
- Tax, wage and social debts -€14,622
down €14,622 (-72.6%), from €20,128 to €5,506
of which Taxes: -€8,981
- Debts after one year -€5,000
no longer reported in 2024 (was €5,000)
- Gross operating margin -€20,355
down €20,355 (-22.5%), from €90,655 to €70,299
- Taxes -€8,822
down €8,822 (-66.3%), from €13,302 to €4,480
- Staff costs +€4,262
up €4,262 (+10.3%), from €41,313 to €45,575
- Depreciation +€1,417
up €1,417 (+16.9%), from €8,380 to €9,796
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 | €180,580 | €158,991 | -€21,589 | -12.0% |
| Fixed assets | 21/28 | €30,086 | €30,075 | -€11 | 0.0% |
| Intangible fixed assets | 21 | €1,917 | €917 | -€1,000 | -52.2% |
| Tangible fixed assets | 22/27 | €28,169 | €29,158 | +€989 | +3.5% |
| Plant, machinery and equipment | 23 | €27,232 | €28,679 | +€1,447 | +5.3% |
| Furniture and vehicles | 24 | €624 | €337 | -€287 | -46.0% |
| Other tangible fixed assets | 26 | €313 | €142 | -€171 | -54.5% |
| Current assets | 29/58 | €150,494 | €128,916 | -€21,578 | -14.3% |
| Stocks and contracts in progress | 3 | €1,452 | €2,966 | +€1,513 | +104.2% |
| Stocks | 30/36 | €1,452 | €2,966 | +€1,513 | +104.2% |
| Amounts receivable within one year | 40/41 | €37,838 | €30,487 | -€7,351 | -19.4% |
| Trade receivables | 40 | €6,934 | €382 | -€6,553 | -94.5% |
| Other amounts receivable | 41 | €30,903 | €30,106 | -€798 | -2.6% |
| Cash at bank and in hand | 54/58 | €111,124 | €90,133 | -€20,991 | -18.9% |
| Deferred charges and accrued income | 490/1 | €79 | €5,330 | +€5,251 | +6615.3% |
| Total equity and liabilities | 10/49 | €180,580 | €158,991 | -€21,589 | -12.0% |
| Equity | 10/15 | €150,352 | €126,898 | -€23,455 | -15.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €131,752 | €108,298 | -€23,455 | -17.8% |
| Distributable reserves | 133 | €131,752 | €108,298 | -€23,455 | -17.8% |
| Amounts payable | 17/49 | €30,228 | €32,093 | +€1,865 | +6.2% |
| Amounts payable after more than one year | 17 | €5,000 | - | -€5,000 | |
| Financial debts | 170/4 | €5,000 | - | -€5,000 | |
| Amounts payable within one year | 42/48 | €25,228 | €32,093 | +€6,865 | +27.2% |
| Trade debts | 44 | €5,100 | €26,587 | +€21,487 | +421.3% |
| Suppliers | 440/4 | €5,100 | €26,587 | +€21,487 | +421.3% |
| Taxes, remuneration and social security | 45 | €20,128 | €5,506 | -€14,622 | -72.6% |
| Taxes | 450/3 | €13,461 | €4,480 | -€8,981 | -66.7% |
| Remuneration and social security | 454/9 | €6,667 | €1,026 | -€5,641 | -84.6% |
| Remuneration, social security and pensions | 62 | €41,313 | €45,575 | +€4,262 | +10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,380 | €9,796 | +€1,417 | +16.9% |
| Other operating charges | 640/8 | €1,248 | €767 | -€481 | -38.5% |
| Gross operating margin | 9900 | €90,655 | €70,299 | -€20,355 | -22.5% |
| Operating profit (loss) | 9901 | €39,714 | €14,160 | -€25,553 | -64.3% |
| Financial income | 75/76B | €68 | €73 | +€5 | +7.4% |
| Recurring financial income | 75 | €68 | €73 | +€5 | +7.4% |
| Financial charges | 65/66B | €2,409 | €2,368 | -€41 | -1.7% |
| Recurring financial charges | 65 | €2,409 | €2,368 | -€41 | -1.7% |
| Profit (loss) for the period before taxes | 9903 | €37,373 | €11,866 | -€25,507 | -68.3% |
| Income taxes | 67/77 | €13,302 | €4,480 | -€8,822 | -66.3% |
| Profit (loss) for the period | 9904 | €24,071 | €7,386 | -€16,685 | -69.3% |
| Profit (loss) for the period to be appropriated | 9905 | €24,071 | €7,386 | -€16,685 | -69.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.