CARGO NOSTRUM: 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 NOSTRUM
Largest movements
- Receivables within one year +€113,957
up €113,957 (+72.0%), from €158,361 to €272,317
- Cash -€42,996
down €42,996 (-57.5%), from €74,758 to €31,761
mainly Contributions, distributions and other (-€291,063) and Receivables within one year (-€113,957)
- Other debts +€75,421
up €75,421 (+35.0%), from €215,642 to €291,063
- Trade debts -€4,461
down €4,461 (-29.7%), from €15,017 to €10,556
- Financial income -€352,960
down €352,960 (-53.1%), from €665,011 to €312,051
- Financial charges -€36,787
down €36,787 (-99.9%), from €36,817 to €30
of which Non-recurring financial charges: -€36,788
- Gross operating margin -€5,542
down €5,542 (-36.9%), from -€15,017 to -€20,559
- Other operating charges -€568
down €568 (-58.7%), from €968 to €400
- Taxes +€524
up €524, from -€524 to €0
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 | €251,118 | €322,079 | +€70,960 | +28.3% |
| Fixed assets | 21/28 | €18,000 | €18,000 | = | 0.0% |
| Financial fixed assets | 28 | €18,000 | €18,000 | = | 0.0% |
| Current assets | 29/58 | €233,118 | €304,079 | +€70,960 | +30.4% |
| Amounts receivable within one year | 40/41 | €158,361 | €272,317 | +€113,957 | +72.0% |
| Other amounts receivable | 41 | €158,361 | €272,317 | +€113,957 | +72.0% |
| Cash at bank and in hand | 54/58 | €74,758 | €31,761 | -€42,996 | -57.5% |
| Total equity and liabilities | 10/49 | €251,118 | €322,079 | +€70,960 | +28.3% |
| Equity | 10/15 | €20,460 | €20,460 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €230,658 | €301,619 | +€70,960 | +30.8% |
| Amounts payable within one year | 42/48 | €230,658 | €301,619 | +€70,960 | +30.8% |
| Trade debts | 44 | €15,017 | €10,556 | -€4,461 | -29.7% |
| Suppliers | 440/4 | €15,017 | €10,556 | -€4,461 | -29.7% |
| Other amounts payable | 47/48 | €215,642 | €291,063 | +€75,421 | +35.0% |
| Other operating charges | 640/8 | €968 | €400 | -€568 | -58.7% |
| Non-recurring operating charges | 66A | €414,213 | €0 | -€414,213 | -100% |
| Gross operating margin | 9900 | -€15,017 | -€20,559 | -€5,542 | -36.9% |
| Operating profit (loss) | 9901 | -€430,198 | -€20,958 | +€409,239 | +95.1% |
| Financial income | 75/76B | €665,011 | €312,051 | -€352,960 | -53.1% |
| Recurring financial income | 75 | €665,011 | €312,051 | -€352,960 | -53.1% |
| Financial charges | 65/66B | €36,817 | €30 | -€36,787 | -99.9% |
| Recurring financial charges | 65 | €29 | €30 | +€2 | +5.3% |
| Non-recurring financial charges | 66B | €36,788 | €0 | -€36,788 | -100% |
| Profit (loss) for the period before taxes | 9903 | €197,997 | €291,063 | +€93,066 | +47.0% |
| Income taxes | 67/77 | -€524 | €0 | +€524 | |
| Profit (loss) for the period | 9904 | €198,521 | €291,063 | +€92,542 | +46.6% |
| Profit (loss) for the period to be appropriated | 9905 | €198,521 | €291,063 | +€92,542 | +46.6% |
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 16 October 2026 via checked.be.