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 +€38,878
up €38,878 (+617%), from €6,299 to €45,176
mainly Net result for the year (+€25,371) and Tax, wage and social debts (+€8,425)
- Receivables within one year -€4,361
down €4,361 (-89.6%), from €4,867 to €506
of which Other amounts receivable: -€4,867
- Tangible fixed assets +€1,115
new in 2025: €1,115
- Reserves +€21,601
up €21,601, from €0 to €21,601
of which Distributable reserves: +€21,601
- Tax, wage and social debts +€8,425
up €8,425 (+1,204%), from €700 to €9,124
- Profit (loss) carried forward +€2,937
up €2,937, from -€2,937 to €0
- Other debts +€1,645
new in 2025: €1,645
- Trade debts +€1,011
up €1,011 (+167%), from €605 to €1,616
- Gross operating margin +€31,482
up €31,482 (+460%), from €6,840 to €38,322
- Taxes +€12,321
new in 2025: €12,321
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 | €11,166 | €46,797 | +€35,631 | +319% |
| Fixed assets | 21/28 | - | €1,115 | +€1,115 | |
| Tangible fixed assets | 22/27 | - | €1,115 | +€1,115 | |
| Furniture and vehicles | 24 | - | €1,115 | +€1,115 | |
| Current assets | 29/58 | €11,166 | €45,683 | +€34,516 | +309% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €4,867 | €506 | -€4,361 | -89.6% |
| Trade receivables | 40 | €0 | €506 | +€506 | |
| Other amounts receivable | 41 | €4,867 | €0 | -€4,867 | -100% |
| Cash at bank and in hand | 54/58 | €6,299 | €45,176 | +€38,878 | +617% |
| Total equity and liabilities | 10/49 | €11,166 | €46,797 | +€35,631 | +319% |
| Equity | 10/15 | €9,463 | €34,001 | +€24,538 | +259% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €0 | €21,601 | +€21,601 | |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | - | €21,601 | +€21,601 | |
| Profit (loss) carried forward | 14 | -€2,937 | €0 | +€2,937 | |
| Amounts payable | 17/49 | €1,704 | €12,796 | +€11,093 | +651% |
| Amounts payable within one year | 42/48 | €1,305 | €12,385 | +€11,081 | +849% |
| Trade debts | 44 | €605 | €1,616 | +€1,011 | +167% |
| Suppliers | 440/4 | €605 | €1,616 | +€1,011 | +167% |
| Taxes, remuneration and social security | 45 | €700 | €9,124 | +€8,425 | +1,204% |
| Taxes | 450/3 | €700 | €9,124 | +€8,425 | +1,204% |
| Other amounts payable | 47/48 | - | €1,645 | +€1,645 | |
| Accrued charges and deferred income | 492/3 | €399 | €411 | +€12 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €67 | +€67 | |
| Other operating charges | 640/8 | €399 | €400 | +€1 | +0.2% |
| Gross operating margin | 9900 | €6,840 | €38,322 | +€31,482 | +460% |
| Operating profit (loss) | 9901 | €6,441 | €37,855 | +€31,414 | +488% |
| Financial income | 75/76B | €204 | €21 | -€184 | -89.9% |
| Recurring financial income | 75 | €204 | €21 | -€184 | -89.9% |
| Financial charges | 65/66B | €62 | €183 | +€121 | +196% |
| Recurring financial charges | 65 | €62 | €183 | +€121 | +196% |
| Profit (loss) for the period before taxes | 9903 | €6,583 | €37,693 | +€31,109 | +473% |
| Income taxes | 67/77 | - | €12,321 | +€12,321 | |
| Profit (loss) for the period | 9904 | €6,583 | €25,371 | +€18,788 | +285% |
| Profit (loss) for the period to be appropriated | 9905 | €6,583 | €25,371 | +€18,788 | +285% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.