CARGO SANTOS: 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 SANTOS
Largest movements
- Cash +€15,208
up €15,208 (+93.7%), from €16,234 to €31,442
mainly Net result for the year (+€11,071) and Tax, wage and social debts (+€7,221)
- Receivables within one year +€2,022
up €2,022 (+8.5%), from €23,833 to €25,855
of which Trade receivables: +€4,660
- Stocks and contracts +€1,144
up €1,144 (+304%), from €377 to €1,521
- Receivables after one year -€1,000
down €1,000 (-3.3%), from €30,000 to €29,000
- Reserves +€10,000
up €10,000 (+50.3%), from €19,900 to €29,900
of which Distributable reserves: +€10,000
- Tax, wage and social debts +€7,221
up €7,221 (+45.8%), from €15,766 to €22,987
of which Remuneration and social security: +€6,072
- Profit (loss) carried forward +€1,071
up €1,071 (+19.4%), from €5,534 to €6,605
- Gross operating margin -€20,100
down €20,100 (-28.0%), from €71,865 to €51,764
- Other operating charges -€4,077
down €4,077 (-54.4%), from €7,498 to €3,421
- Staff costs -€3,621
down €3,621 (-11.7%), from €30,993 to €27,372
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 | €75,859 | €93,968 | +€18,109 | +23.9% |
| Fixed assets | 21/28 | €5,414 | €6,150 | +€736 | +13.6% |
| Tangible fixed assets | 22/27 | €5,330 | €6,066 | +€736 | +13.8% |
| Plant, machinery and equipment | 23 | €1,047 | €833 | -€214 | -20.5% |
| Furniture and vehicles | 24 | €4,283 | €5,233 | +€950 | +22.2% |
| Financial fixed assets | 28 | €85 | €85 | = | 0.0% |
| Current assets | 29/58 | €70,444 | €87,818 | +€17,374 | +24.7% |
| Amounts receivable after more than one year | 29 | €30,000 | €29,000 | -€1,000 | -3.3% |
| Other amounts receivable | 291 | €30,000 | €29,000 | -€1,000 | -3.3% |
| Stocks and contracts in progress | 3 | €377 | €1,521 | +€1,144 | +304% |
| Stocks | 30/36 | €377 | €1,521 | +€1,144 | +304% |
| Amounts receivable within one year | 40/41 | €23,833 | €25,855 | +€2,022 | +8.5% |
| Trade receivables | 40 | €13,308 | €17,968 | +€4,660 | +35.0% |
| Other amounts receivable | 41 | €10,525 | €7,887 | -€2,638 | -25.1% |
| Cash at bank and in hand | 54/58 | €16,234 | €31,442 | +€15,208 | +93.7% |
| Total equity and liabilities | 10/49 | €75,859 | €93,968 | +€18,109 | +23.9% |
| Equity | 10/15 | €31,634 | €42,705 | +€11,071 | +35.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €19,900 | €29,900 | +€10,000 | +50.3% |
| Non-distributable reserves | 130/1 | €900 | €900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €900 | €900 | = | 0.0% |
| Distributable reserves | 133 | €19,000 | €29,000 | +€10,000 | +52.6% |
| Profit (loss) carried forward | 14 | €5,534 | €6,605 | +€1,071 | +19.4% |
| Amounts payable | 17/49 | €44,225 | €51,263 | +€7,038 | +15.9% |
| Amounts payable within one year | 42/48 | €44,225 | €51,263 | +€7,038 | +15.9% |
| Trade debts | 44 | €10,449 | €9,889 | -€560 | -5.4% |
| Suppliers | 440/4 | €10,449 | €9,889 | -€560 | -5.4% |
| Taxes, remuneration and social security | 45 | €15,766 | €22,987 | +€7,221 | +45.8% |
| Taxes | 450/3 | €15,194 | €16,343 | +€1,149 | +7.6% |
| Remuneration and social security | 454/9 | €572 | €6,644 | +€6,072 | +1,062% |
| Other amounts payable | 47/48 | €18,010 | €18,387 | +€377 | +2.1% |
| Remuneration, social security and pensions | 62 | €30,993 | €27,372 | -€3,621 | -11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €877 | €1,310 | +€433 | +49.3% |
| Other operating charges | 640/8 | €7,498 | €3,421 | -€4,077 | -54.4% |
| Gross operating margin | 9900 | €71,865 | €51,764 | -€20,100 | -28.0% |
| Operating profit (loss) | 9901 | €32,497 | €19,661 | -€12,835 | -39.5% |
| Financial income | 75/76B | €216 | €216 | = | 0.0% |
| Recurring financial income | 75 | €216 | €216 | = | 0.0% |
| Financial charges | 65/66B | €920 | €325 | -€595 | -64.7% |
| Recurring financial charges | 65 | €920 | €325 | -€595 | -64.7% |
| Profit (loss) for the period before taxes | 9903 | €31,792 | €19,552 | -€12,240 | -38.5% |
| Income taxes | 67/77 | €8,941 | €8,481 | -€460 | -5.1% |
| Profit (loss) for the period | 9904 | €22,851 | €11,071 | -€11,780 | -51.5% |
| Profit (loss) for the period to be appropriated | 9905 | €22,851 | €11,071 | -€11,780 | -51.5% |
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 18 October 2026 via checked.be.