Cargo-Service: 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-Service
Largest movements
- Receivables within one year +€349,422
up €349,422 (+4,662%), from €7,495 to €356,917
of which Trade receivables: +€330,738
- Financial fixed assets +€44,520
up €44,520 (+28,177%), from €158 to €44,678
- Tangible fixed assets +€10,112
new in 2025: €10,112
of which Furniture and vehicles: +€7,844
- Cash +€7,676
new in 2025: €7,676
mainly Trade debts (+€225,130) and Net result for the year (+€95,766)
- Trade debts +€225,130
new in 2025: €225,130
- Reserves +€89,228
new in 2025: €89,228
- Tax, wage and social debts +€52,018
up €52,018 (+833%), from €6,242 to €58,260
of which Taxes: +€28,039
- Other debts +€38,816
up €38,816 (+1,992%), from €1,949 to €40,765
- Profit (loss) carried forward +€6,538
no longer reported in 2025 (was -€6,538)
- Gross operating margin +€609,580
up €609,580 (+1,424%), from €42,796 to €652,376
- Staff costs +€352,564
up €352,564 (+845%), from €41,737 to €394,301
- Other operating charges +€133,390
up €133,390 (+34,557%), from €386 to €133,776
- Taxes +€27,591
up €27,591 (+6,159%), from €448 to €28,039
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 | €7,653 | €419,383 | +€411,730 | +5,380% |
| Fixed assets | 21/28 | €158 | €54,790 | +€54,632 | +34,577% |
| Tangible fixed assets | 22/27 | - | €10,112 | +€10,112 | |
| Plant, machinery and equipment | 23 | - | €2,268 | +€2,268 | |
| Furniture and vehicles | 24 | - | €7,844 | +€7,844 | |
| Financial fixed assets | 28 | €158 | €44,678 | +€44,520 | +28,177% |
| Current assets | 29/58 | €7,495 | €364,593 | +€357,098 | +4,764% |
| Amounts receivable within one year | 40/41 | €7,495 | €356,917 | +€349,422 | +4,662% |
| Trade receivables | 40 | - | €330,738 | +€330,738 | |
| Other amounts receivable | 41 | €7,495 | €26,179 | +€18,684 | +249% |
| Cash at bank and in hand | 54/58 | - | €7,676 | +€7,676 | |
| Total equity and liabilities | 10/49 | €7,653 | €419,383 | +€411,730 | +5,380% |
| Equity | 10/15 | -€538 | €95,228 | +€95,766 | |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | - | €89,228 | +€89,228 | |
| Distributable reserves | 133 | - | €89,228 | +€89,228 | |
| Profit (loss) carried forward | 14 | -€6,538 | - | +€6,538 | |
| Amounts payable | 17/49 | €8,191 | €324,155 | +€315,964 | +3,857% |
| Amounts payable within one year | 42/48 | €8,191 | €324,155 | +€315,964 | +3,857% |
| Trade debts | 44 | - | €225,130 | +€225,130 | |
| Suppliers | 440/4 | - | €225,130 | +€225,130 | |
| Taxes, remuneration and social security | 45 | €6,242 | €58,260 | +€52,018 | +833% |
| Taxes | 450/3 | €448 | €28,487 | +€28,039 | +6,259% |
| Remuneration and social security | 454/9 | €5,794 | €29,773 | +€23,979 | +414% |
| Other amounts payable | 47/48 | €1,949 | €40,765 | +€38,816 | +1,992% |
| Non-recurring operating income | 76A | €51,024 | - | -€51,024 | |
| Remuneration, social security and pensions | 62 | €41,737 | €394,301 | +€352,564 | +845% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €800 | +€800 | |
| Other operating charges | 640/8 | €386 | €133,776 | +€133,390 | +34,557% |
| Gross operating margin | 9900 | €42,796 | €652,376 | +€609,580 | +1,424% |
| Operating profit (loss) | 9901 | €673 | €123,500 | +€122,827 | +18,251% |
| Financial income | 75/76B | €150 | €380 | +€230 | +154% |
| Recurring financial income | 75 | €150 | €380 | +€230 | +154% |
| Financial charges | 65/66B | €727 | €76 | -€651 | -89.6% |
| Recurring financial charges | 65 | €727 | €76 | -€651 | -89.6% |
| Profit (loss) for the period before taxes | 9903 | €96 | €123,804 | +€123,708 | +128,863% |
| Income taxes | 67/77 | €448 | €28,039 | +€27,591 | +6,159% |
| Profit (loss) for the period | 9904 | -€352 | €95,766 | +€96,118 | |
| Profit (loss) for the period to be appropriated | 9905 | -€352 | €95,766 | +€96,118 |
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.