CARGO PLUS: 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 PLUS
Largest movements
- Tangible fixed assets +€72,807
up €72,807 (+91.1%), from €79,942 to €152,749
- Receivables within one year +€53,675
up €53,675 (+33.4%), from €160,908 to €214,583
- Profit (loss) carried forward +€69,058
up €69,058, from -€32,990 to €36,068
- Tax, wage and social debts +€41,572
up €41,572 (+91.4%), from €45,472 to €87,044
of which Taxes: +€35,393
- Trade debts +€21,643
up €21,643 (+10.5%), from €205,611 to €227,254
- Other debts -€5,298
down €5,298 (-15.6%), from €33,977 to €28,679
- Gross operating margin +€115,173
up €115,173 (+55.2%), from €208,724 to €323,897
- Staff costs +€44,159
up €44,159 (+26.6%), from €165,729 to €209,888
- Depreciation +€31,071
up €31,071 (+336%), from €9,254 to €40,325
- Other operating charges +€3,268
up €3,268 (+2,421%), from €135 to €3,403
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 | €264,970 | €391,945 | +€126,975 | +47.9% |
| Fixed assets | 21/28 | €103,942 | €176,749 | +€72,807 | +70.0% |
| Tangible fixed assets | 22/27 | €79,942 | €152,749 | +€72,807 | +91.1% |
| Furniture and vehicles | 24 | €79,942 | €152,749 | +€72,807 | +91.1% |
| Financial fixed assets | 28 | €24,000 | €24,000 | = | 0.0% |
| Current assets | 29/58 | €161,028 | €215,196 | +€54,168 | +33.6% |
| Amounts receivable within one year | 40/41 | €160,908 | €214,583 | +€53,675 | +33.4% |
| Trade receivables | 40 | €160,908 | €214,583 | +€53,675 | +33.4% |
| Cash at bank and in hand | 54/58 | €120 | €613 | +€493 | +411% |
| Total equity and liabilities | 10/49 | €264,970 | €391,945 | +€126,975 | +47.9% |
| Equity | 10/15 | -€20,090 | €48,968 | +€69,058 | |
| Contributions | 10/11 | €12,900 | €12,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,990 | €36,068 | +€69,058 | |
| Amounts payable | 17/49 | €285,060 | €342,977 | +€57,917 | +20.3% |
| Amounts payable within one year | 42/48 | €285,060 | €342,977 | +€57,917 | +20.3% |
| Trade debts | 44 | €205,611 | €227,254 | +€21,643 | +10.5% |
| Suppliers | 440/4 | €205,611 | €227,254 | +€21,643 | +10.5% |
| Taxes, remuneration and social security | 45 | €45,472 | €87,044 | +€41,572 | +91.4% |
| Taxes | 450/3 | €28,865 | €64,258 | +€35,393 | +123% |
| Remuneration and social security | 454/9 | €16,607 | €22,786 | +€6,179 | +37.2% |
| Other amounts payable | 47/48 | €33,977 | €28,679 | -€5,298 | -15.6% |
| Remuneration, social security and pensions | 62 | €165,729 | €209,888 | +€44,159 | +26.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,254 | €40,325 | +€31,071 | +336% |
| Other operating charges | 640/8 | €135 | €3,403 | +€3,268 | +2,421% |
| Gross operating margin | 9900 | €208,724 | €323,897 | +€115,173 | +55.2% |
| Operating profit (loss) | 9901 | €33,606 | €70,281 | +€36,675 | +109% |
| Financial charges | 65/66B | €429 | €1,223 | +€794 | +185% |
| Recurring financial charges | 65 | €429 | €1,223 | +€794 | +185% |
| Profit (loss) for the period before taxes | 9903 | €33,177 | €69,058 | +€35,881 | +108% |
| Profit (loss) for the period | 9904 | €33,177 | €69,058 | +€35,881 | +108% |
| Profit (loss) for the period to be appropriated | 9905 | €33,177 | €69,058 | +€35,881 | +108% |
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.