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
- Cash -€12,853
down €12,853 (-76.6%), from €16,773 to €3,920
mainly Debts after one year (-€16,804) and Receivables within one year (-€10,702)
- Receivables within one year +€10,702
new in 2025: €10,702
- Debts after one year -€16,804
down €16,804 (-23.6%), from €71,340 to €54,536
- Profit (loss) carried forward +€16,147
up €16,147 (+333.1%), from €4,847 to €20,994
- Other debts -€7,173
down €7,173 (-18.1%), from €39,673 to €32,500
- Tax, wage and social debts +€2,614
up €2,614 (+72.7%), from €3,598 to €6,212
- Trade debts +€2,421
up €2,421 (+215.0%), from €1,126 to €3,547
- Gross operating margin +€15,278
up €15,278 (+173.9%), from €8,784 to €24,062
- Taxes +€2,931
up €2,931 (+228.3%), from €1,284 to €4,215
- Financial charges +€927
up €927 (+34.9%), from €2,653 to €3,580
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 | €141,773 | €139,622 | -€2,151 | -1.5% |
| Fixed assets | 21/28 | €125,000 | €125,000 | = | 0.0% |
| Financial fixed assets | 28 | €125,000 | €125,000 | = | 0.0% |
| Current assets | 29/58 | €16,773 | €14,622 | -€2,151 | -12.8% |
| Amounts receivable within one year | 40/41 | - | €10,702 | +€10,702 | |
| Other amounts receivable | 41 | - | €10,702 | +€10,702 | |
| Cash at bank and in hand | 54/58 | €16,773 | €3,920 | -€12,853 | -76.6% |
| Total equity and liabilities | 10/49 | €141,773 | €139,622 | -€2,151 | -1.5% |
| Equity | 10/15 | €9,847 | €25,994 | +€16,147 | +164.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,847 | €20,994 | +€16,147 | +333.1% |
| Amounts payable | 17/49 | €131,926 | €113,628 | -€18,298 | -13.9% |
| Amounts payable after more than one year | 17 | €71,340 | €54,536 | -€16,804 | -23.6% |
| Financial debts | 170/4 | €71,340 | €54,536 | -€16,804 | -23.6% |
| Amounts payable within one year | 42/48 | €60,557 | €59,063 | -€1,494 | -2.5% |
| Current portion of amounts payable after more than one year | 42 | €16,160 | €16,804 | +€644 | +4.0% |
| Trade debts | 44 | €1,126 | €3,547 | +€2,421 | +215.0% |
| Suppliers | 440/4 | €1,126 | €3,547 | +€2,421 | +215.0% |
| Taxes, remuneration and social security | 45 | €3,598 | €6,212 | +€2,614 | +72.7% |
| Taxes | 450/3 | €3,598 | €6,212 | +€2,614 | +72.7% |
| Other amounts payable | 47/48 | €39,673 | €32,500 | -€7,173 | -18.1% |
| Accrued charges and deferred income | 492/3 | €29 | €29 | = | 0.0% |
| Other operating charges | 640/8 | - | €120 | +€120 | |
| Gross operating margin | 9900 | €8,784 | €24,062 | +€15,278 | +173.9% |
| Operating profit (loss) | 9901 | €8,784 | €23,942 | +€15,158 | +172.6% |
| Financial charges | 65/66B | €2,653 | €3,580 | +€927 | +34.9% |
| Recurring financial charges | 65 | €2,653 | €3,580 | +€927 | +34.9% |
| Profit (loss) for the period before taxes | 9903 | €6,131 | €20,362 | +€14,231 | +232.1% |
| Income taxes | 67/77 | €1,284 | €4,215 | +€2,931 | +228.3% |
| Profit (loss) for the period | 9904 | €4,847 | €16,147 | +€11,300 | +233.1% |
| Profit (loss) for the period to be appropriated | 9905 | €4,847 | €16,147 | +€11,300 | +233.1% |
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 6 October 2026 via checked.be.