CARGO LIFTING: 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.
What changed
CARGO LIFTING
NACE 33.110, Repair and maintenance of fabricated metal products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.8m
2024 · €1.7m+€158,597
Equity
€6.7m
2024 · €6.7m-€4,921
Cash
€6.1m
2024 · €763,324+€5.4m
Balance sheet total
€10.1m
2024 · €9.5m+€513,685
Largest movements
Assets
- Cash +€5.4m
up €5.4m (+703.3%), from €763,324 to €6.1m
mainly Current investments (+€4.4m) and Net result for the year (+€1.8m)
- Current investments -€4.4m
down €4.4m (-99.5%), from €4.5m to €20,219
- Receivables within one year -€406,639
down €406,639 (-15.4%), from €2.6m to €2.2m
of which Trade receivables: -€412,081
Equity and liabilities
- Trade debts +€186,859
up €186,859 (+31.6%), from €591,613 to €778,472
- Other debts +€170,601
up €170,601 (+10.2%), from €1.7m to €1.9m
- Tax, wage and social debts +€122,855
up €122,855 (+25.1%), from €489,109 to €611,963
of which Taxes: +€88,816
Income statement
- Turnover +€313,087
up €313,087 (+2.3%), from €13.8m to €14.1m
- Staff costs +€190,957
up €190,957 (+10.6%), from €1.8m to €2.0m
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.
Result 2024
€1.7m
Turnover
+€313,087
Other operating income
+€18,278
Goods and materials
+€123,150
Services and other goods
-€13,692
Staff costs
-€190,957
Depreciation
-€8,395
Write-downs
+€58,860
Provisions
-€12,453
Other operating charges
-€2,512
Other operating items
-€41,213
Financial income
-€32,503
Financial charges
+€5,308
Taxes
-€58,363
Result 2025
€1.8m
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.
From operations
+€2.9m
Investment
+€4.3m
Financing
-€1.8m
Cash 2024
€763,324
From operations (derived)
+€2.9m
Net result for the year
+€1.8m
Depreciation
+€131,790
Stocks and contracts
-€33,872
Receivables within one year
+€406,639
Deferred charges and accrued income
+€16,641
Provisions
+€11,413
Trade debts
+€186,859
Tax, wage and social debts
+€122,855
Advances received
+€7,907
Other debts
+€170,601
Accrued charges and deferred income
+€11,080
Investment (derived)
+€4.3m
Investment in fixed assets (net)
-€95,993
Current investments
+€4.4m
Financing
-€1.8m
Debts after one year
+€5,886
Current portion of long-term debt
+€2,965
Short-term financial debts
-€959
Contributions, distributions and other
-€1.9m
Cash 2025
€6.1m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,538,192 | €10,051,877 | +€513,685 | +5.4% |
| Fixed assets | 21/28 | €348,910 | €313,113 | -€35,798 | -10.3% |
| Intangible fixed assets | 21 | €38,708 | €19,689 | -€19,020 | -49.1% |
| Tangible fixed assets | 22/27 | €310,202 | €293,424 | -€16,778 | -5.4% |
| Plant, machinery and equipment | 23 | €61,586 | €50,986 | -€10,600 | -17.2% |
| Furniture and vehicles | 24 | €207,770 | €191,079 | -€16,691 | -8.0% |
| Leasing and similar rights | 25 | - | €15,417 | +€15,417 | |
| Other tangible fixed assets | 26 | €40,846 | €35,941 | -€4,904 | -12.0% |
| Current assets | 29/58 | €9,189,281 | €9,738,764 | +€549,483 | +6.0% |
| Stocks and contracts in progress | 3 | €1,274,339 | €1,308,211 | +€33,872 | +2.7% |
| Stocks | 30/36 | €1,274,339 | €1,308,211 | +€33,872 | +2.7% |
| Raw materials and consumables | 30/31 | €1,126,761 | €1,094,788 | -€31,973 | -2.8% |
| Finished goods | 33 | €147,578 | €213,423 | +€65,846 | +44.6% |
| Amounts receivable within one year | 40/41 | €2,644,763 | €2,238,124 | -€406,639 | -15.4% |
| Trade receivables | 40 | €2,644,005 | €2,231,924 | -€412,081 | -15.6% |
| Other amounts receivable | 41 | €758 | €6,200 | +€5,442 | +718.2% |
| Current investments | 50/53 | €4,450,000 | €20,219 | -€4.4m | -99.5% |
| Other investments | 51/53 | €4,450,000 | €20,219 | -€4.4m | -99.5% |
| Cash at bank and in hand | 54/58 | €763,324 | €6,131,995 | +€5.4m | +703.3% |
| Deferred charges and accrued income | 490/1 | €56,856 | €40,215 | -€16,641 | -29.3% |
| Total equity and liabilities | 10/49 | €9,538,192 | €10,051,877 | +€513,685 | +5.4% |
| Equity | 10/15 | €6,748,740 | €6,743,819 | -€4,921 | -0.1% |
| Contributions | 10/11 | €70,115 | €70,115 | = | 0.0% |
| Capital | 10 | €70,115 | €70,115 | = | 0.0% |
| Issued capital | 100 | €70,115 | €70,115 | = | 0.0% |
| Reserves | 13 | €6,660,511 | €6,660,511 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,011 | €7,011 | = | 0.0% |
| Legal reserve | 130 | €7,011 | €7,011 | = | 0.0% |
| Tax-exempt reserves | 132 | €336,800 | - | -€336,800 | |
| Distributable reserves | 133 | €6,316,700 | €6,653,500 | +€336,800 | +5.3% |
| Profit (loss) carried forward | 14 | €13,788 | €11,603 | -€2,185 | -15.8% |
| Investment grants | 15 | €4,327 | €1,590 | -€2,737 | -63.3% |
| Provisions and deferred taxes | 16 | €20,420 | €31,833 | +€11,413 | +55.9% |
| Provisions for liabilities and charges | 160/5 | €20,420 | €31,833 | +€11,413 | +55.9% |
| Other liabilities and charges | 164/5 | €20,420 | €31,833 | +€11,413 | +55.9% |
| Amounts payable | 17/49 | €2,769,032 | €3,276,224 | +€507,193 | +18.3% |
| Amounts payable after more than one year | 17 | - | €5,886 | +€5,886 | |
| Financial debts | 170/4 | - | €5,886 | +€5,886 | |
| Leasing and similar obligations | 172 | - | €5,886 | +€5,886 | |
| Amounts payable within one year | 42/48 | €2,769,032 | €3,259,259 | +€490,227 | +17.7% |
| Current portion of amounts payable after more than one year | 42 | - | €2,965 | +€2,965 | |
| Financial debts | 43 | €1,853 | €895 | -€959 | -51.7% |
| Credit institutions | 430/8 | €1,853 | €895 | -€959 | -51.7% |
| Trade debts | 44 | €591,613 | €778,472 | +€186,859 | +31.6% |
| Suppliers | 440/4 | €591,613 | €778,472 | +€186,859 | +31.6% |
| Advances received on contracts in progress | 46 | €6,430 | €14,336 | +€7,907 | +123.0% |
| Taxes, remuneration and social security | 45 | €489,109 | €611,963 | +€122,855 | +25.1% |
| Taxes | 450/3 | €330,055 | €418,871 | +€88,816 | +26.9% |
| Remuneration and social security | 454/9 | €159,054 | €193,092 | +€34,038 | +21.4% |
| Other amounts payable | 47/48 | €1,680,028 | €1,850,628 | +€170,601 | +10.2% |
| Accrued charges and deferred income | 492/3 | - | €11,080 | +€11,080 | |
| Operating income | 70/76A | €13,980,377 | €14,270,530 | +€290,153 | +2.1% |
| Turnover | 70 | €13,796,642 | €14,109,729 | +€313,087 | +2.3% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €107,058 | €65,846 | -€41,213 | -38.5% |
| Other operating income | 74 | €76,676 | €94,955 | +€18,278 | +23.8% |
| Operating charges | 60/66A | €11,853,042 | €11,899,041 | +€45,998 | +0.4% |
| Goods for resale, raw materials and consumables | 60 | €7,996,218 | €7,873,068 | -€123,150 | -1.5% |
| Purchases | 600/8 | €7,850,400 | €7,841,095 | -€9,305 | -0.1% |
| Change in stocks: decrease (increase) | 609 | €145,818 | €31,973 | -€113,845 | -78.1% |
| Services and other goods | 61 | €1,923,618 | €1,937,311 | +€13,692 | +0.7% |
| Remuneration, social security and pensions | 62 | €1,802,622 | €1,993,579 | +€190,957 | +10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €123,396 | €131,790 | +€8,395 | +6.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,367 | -€57,493 | -€58,860 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€1,039 | €11,413 | +€12,453 | |
| Other operating charges | 640/8 | €6,860 | €9,372 | +€2,512 | +36.6% |
| Operating profit (loss) | 9901 | €2,127,334 | €2,371,489 | +€244,155 | +11.5% |
| Financial income | 75/76B | €148,119 | €115,615 | -€32,503 | -21.9% |
| Recurring financial income | 75 | €148,119 | €115,615 | -€32,503 | -21.9% |
| Income from financial fixed assets | 750 | €120,072 | €105,268 | -€14,804 | -12.3% |
| Other financial income | 752/9 | €28,046 | €10,347 | -€17,699 | -63.1% |
| Financial charges | 65/66B | €7,486 | €2,178 | -€5,308 | -70.9% |
| Recurring financial charges | 65 | €7,486 | €2,178 | -€5,308 | -70.9% |
| Debt charges | 650 | €5,948 | €463 | -€5,486 | -92.2% |
| Other financial charges | 652/9 | €1,538 | €1,715 | +€178 | +11.6% |
| Profit (loss) for the period before taxes | 9903 | €2,267,967 | €2,484,927 | +€216,960 | +9.6% |
| Income taxes | 67/77 | €578,748 | €637,112 | +€58,363 | +10.1% |
| Taxes | 670/3 | €578,748 | €637,112 | +€58,363 | +10.1% |
| Profit (loss) for the period | 9904 | €1,689,219 | €1,847,815 | +€158,597 | +9.4% |
| Transfer from tax-exempt reserves | 789 | €1,136,700 | €336,800 | -€799,900 | -70.4% |
| Profit (loss) for the period to be appropriated | 9905 | €2,825,919 | €2,184,615 | -€641,303 | -22.7% |
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 2 October 2026 via checked.be.