CARGO-PARTNER: 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-PARTNER
Largest movements
- Cash -€286,374
down €286,374 (-72.2%), from €396,481 to €110,107
mainly Net result for the year (-€954,275) and Accrued charges and deferred income (-€120,894)
- Financial fixed assets +€87,188
up €87,188 (+1432.4%), from €6,087 to €93,275
- Receivables within one year +€63,259
up €63,259 (+15.4%), from €411,589 to €474,848
of which Trade receivables: +€212,038
- Tangible fixed assets -€14,014
no longer reported in 2024 (was €14,014)
of which Furniture and vehicles: -€11,434
- Profit (loss) carried forward -€954,275
down €954,275 (-83.7%), from -€1.1m to -€2.1m
- Short-term financial debts +€656,388
up €656,388 (+194.5%), from €337,469 to €993,857
of which Credit institutions: +€667,823
- Provisions +€204,000
new in 2024: €204,000
- Accrued charges and deferred income -€120,894
down €120,894 (-57.5%), from €210,335 to €89,441
- Tax, wage and social debts +€88,437
up €88,437 (+135.4%), from €65,308 to €153,745
- Provisions +€204,000
new in 2024: €204,000
- Gross operating margin +€178,416
up €178,416 (+113.4%), from €157,369 to €335,785
- Other operating charges +€92,876
up €92,876 (+822.3%), from €11,294 to €104,171
- Staff costs +€92,403
up €92,403 (+11.2%), from €822,771 to €915,174
- Financial charges +€62,002
up €62,002 (+1131.7%), from €5,479 to €67,480
of which Financial charges: +€63,586
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 | €838,584 | €691,318 | -€147,265 | -17.6% |
| Fixed assets | 21/28 | €20,101 | €93,275 | +€73,174 | +364.0% |
| Tangible fixed assets | 22/27 | €14,014 | - | -€14,014 | |
| Plant, machinery and equipment | 23 | €2,581 | - | -€2,581 | |
| Furniture and vehicles | 24 | €11,434 | - | -€11,434 | |
| Financial fixed assets | 28 | €6,087 | €93,275 | +€87,188 | +1432.4% |
| Current assets | 29/58 | €818,482 | €598,043 | -€220,439 | -26.9% |
| Amounts receivable within one year | 40/41 | €411,589 | €474,848 | +€63,259 | +15.4% |
| Trade receivables | 40 | €255,757 | €467,794 | +€212,038 | +82.9% |
| Other amounts receivable | 41 | €155,833 | €7,054 | -€148,779 | -95.5% |
| Cash at bank and in hand | 54/58 | €396,481 | €110,107 | -€286,374 | -72.2% |
| Deferred charges and accrued income | 490/1 | €10,412 | €13,088 | +€2,676 | +25.7% |
| Total equity and liabilities | 10/49 | €838,584 | €691,318 | -€147,265 | -17.6% |
| Equity | 10/15 | -€24,637 | -€978,911 | -€954,275 | -3873.4% |
| Contributions | 10/11 | €1,100,000 | €1,100,000 | = | 0.0% |
| Reserves | 13 | €16,148 | €16,148 | = | 0.0% |
| Non-distributable reserves | 130/1 | €16,148 | €16,148 | = | 0.0% |
| Reserves not available under the articles | 1311 | €16,148 | €16,148 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,140,784 | -€2,095,059 | -€954,275 | -83.7% |
| Provisions and deferred taxes | 16 | - | €204,000 | +€204,000 | |
| Provisions for liabilities and charges | 160/5 | - | €204,000 | +€204,000 | |
| Other liabilities and charges | 164/5 | - | €204,000 | +€204,000 | |
| Amounts payable | 17/49 | €863,220 | €1,466,230 | +€603,009 | +69.9% |
| Amounts payable within one year | 42/48 | €652,886 | €1,376,789 | +€723,903 | +110.9% |
| Financial debts | 43 | €337,469 | €993,857 | +€656,388 | +194.5% |
| Credit institutions | 430/8 | €326,034 | €993,857 | +€667,823 | +204.8% |
| Other loans | 439 | €11,435 | - | -€11,435 | |
| Trade debts | 44 | €250,108 | €229,187 | -€20,922 | -8.4% |
| Suppliers | 440/4 | €249,696 | €229,187 | -€20,509 | -8.2% |
| Bills of exchange payable | 441 | €413 | - | -€413 | |
| Taxes, remuneration and social security | 45 | €65,308 | €153,745 | +€88,437 | +135.4% |
| Remuneration and social security | 454/9 | €65,308 | €153,745 | +€88,437 | +135.4% |
| Accrued charges and deferred income | 492/3 | €210,335 | €89,441 | -€120,894 | -57.5% |
| Remuneration, social security and pensions | 62 | €822,771 | €915,174 | +€92,403 | +11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,621 | €14,014 | +€1,394 | +11.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€19 | €37,321 | +€37,340 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €204,000 | +€204,000 | |
| Other operating charges | 640/8 | €11,294 | €104,171 | +€92,876 | +822.3% |
| Non-recurring operating charges | 66A | €60,663 | - | -€60,663 | |
| Gross operating margin | 9900 | €157,369 | €335,785 | +€178,416 | +113.4% |
| Operating profit (loss) | 9901 | -€749,961 | -€938,894 | -€188,933 | -25.2% |
| Financial income | 75/76B | €52,281 | €52,100 | -€181 | -0.3% |
| Recurring financial income | 75 | €52,281 | €43,559 | -€8,722 | -16.7% |
| Non-recurring financial income | 76B | - | €8,541 | +€8,541 | |
| Financial charges | 65/66B | €5,479 | €67,480 | +€62,002 | +1131.7% |
| Recurring financial charges | 65 | €3,894 | €67,480 | +€63,586 | +1633.0% |
| Non-recurring financial charges | 66B | €1,585 | - | -€1,585 | |
| Profit (loss) for the period before taxes | 9903 | -€703,159 | -€954,275 | -€251,116 | -35.7% |
| Income taxes | 67/77 | -€20,170 | - | +€20,170 | |
| Profit (loss) for the period | 9904 | -€682,989 | -€954,275 | -€271,285 | -39.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€682,989 | -€954,275 | -€271,285 | -39.7% |
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 10 October 2026 via checked.be.