CARGO SECURING APPLICATIONS: 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.
CARGO SECURING APPLICATIONS
Largest movements
- Tangible fixed assets +€82,710
up €82,710 (+165.9%), from €49,853 to €132,562
of which Plant, machinery and equipment: +€84,475
- Receivables within one year -€33,857
down €33,857 (-55.4%), from €61,072 to €27,215
of which Trade receivables: -€32,466
- Cash +€23,198
up €23,198 (+46.1%), from €50,277 to €73,475
mainly Net result for the year (+€69,109) and Receivables within one year (+€33,857)
- Current investments -€10,000
down €10,000 (-6.3%), from €160,000 to €150,000
- Intangible fixed assets -€4,552
down €4,552 (-68.8%), from €6,617 to €2,065
- Reserves +€69,109
up €69,109 (+71.8%), from €96,245 to €165,354
- Trade debts -€21,497
down €21,497 (-38.2%), from €56,338 to €34,841
- Other debts +€11,090
up €11,090 (+6.8%), from €163,136 to €174,226
- Gross operating margin +€52,152
up €52,152 (+64.1%), from €81,413 to €133,565
- Taxes +€11,142
up €11,142 (+59.5%), from €18,716 to €29,858
- Depreciation +€5,068
up €5,068 (+17.7%), from €28,588 to €33,657
- Other operating charges +€2,870
up €2,870 (+399.9%), from €718 to €3,587
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €350,761 | €406,650 | +€55,888 | +15.9% |
| Fixed assets | 21/28 | €57,429 | €135,588 | +€78,158 | +136.1% |
| Intangible fixed assets | 21 | €6,617 | €2,065 | -€4,552 | -68.8% |
| Tangible fixed assets | 22/27 | €49,853 | €132,562 | +€82,710 | +165.9% |
| Plant, machinery and equipment | 23 | €44,317 | €128,791 | +€84,475 | +190.6% |
| Furniture and vehicles | 24 | €5,536 | €3,771 | -€1,765 | -31.9% |
| Financial fixed assets | 28 | €960 | €960 | = | 0.0% |
| Current assets | 29/58 | €293,332 | €271,062 | -€22,270 | -7.6% |
| Stocks and contracts in progress | 3 | €17,402 | €18,491 | +€1,090 | +6.3% |
| Stocks | 30/36 | €17,402 | €18,491 | +€1,090 | +6.3% |
| Amounts receivable within one year | 40/41 | €61,072 | €27,215 | -€33,857 | -55.4% |
| Trade receivables | 40 | €58,657 | €26,191 | -€32,466 | -55.3% |
| Other amounts receivable | 41 | €2,414 | €1,023 | -€1,391 | -57.6% |
| Current investments | 50/53 | €160,000 | €150,000 | -€10,000 | -6.3% |
| Cash at bank and in hand | 54/58 | €50,277 | €73,475 | +€23,198 | +46.1% |
| Deferred charges and accrued income | 490/1 | €4,581 | €1,882 | -€2,700 | -58.9% |
| Total equity and liabilities | 10/49 | €350,761 | €406,650 | +€55,888 | +15.9% |
| Equity | 10/15 | €126,245 | €195,354 | +€69,109 | +54.7% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €96,245 | €165,354 | +€69,109 | +71.8% |
| Distributable reserves | 133 | €96,245 | €165,354 | +€69,109 | +71.8% |
| Amounts payable | 17/49 | €224,516 | €211,295 | -€13,221 | -5.9% |
| Amounts payable within one year | 42/48 | €224,516 | €211,295 | -€13,221 | -5.9% |
| Trade debts | 44 | €56,338 | €34,841 | -€21,497 | -38.2% |
| Suppliers | 440/4 | €56,338 | €34,841 | -€21,497 | -38.2% |
| Taxes, remuneration and social security | 45 | €5,043 | €2,229 | -€2,814 | -55.8% |
| Taxes | 450/3 | €5,043 | €2,229 | -€2,814 | -55.8% |
| Other amounts payable | 47/48 | €163,136 | €174,226 | +€11,090 | +6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,588 | €33,657 | +€5,068 | +17.7% |
| Other operating charges | 640/8 | €718 | €3,587 | +€2,870 | +399.9% |
| Gross operating margin | 9900 | €81,413 | €133,565 | +€52,152 | +64.1% |
| Operating profit (loss) | 9901 | €52,107 | €96,321 | +€44,214 | +84.9% |
| Financial income | 75/76B | €3,844 | €2,941 | -€903 | -23.5% |
| Recurring financial income | 75 | €3,844 | €2,941 | -€903 | -23.5% |
| Financial charges | 65/66B | €191 | €295 | +€104 | +54.5% |
| Recurring financial charges | 65 | €191 | €295 | +€104 | +54.5% |
| Profit (loss) for the period before taxes | 9903 | €55,760 | €98,967 | +€43,207 | +77.5% |
| Income taxes | 67/77 | €18,716 | €29,858 | +€11,142 | +59.5% |
| Profit (loss) for the period | 9904 | €37,044 | €69,109 | +€32,065 | +86.6% |
| Profit (loss) for the period to be appropriated | 9905 | €37,044 | €69,109 | +€32,065 | +86.6% |
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 6 October 2026 via checked.be.