CARGO VEURNE: 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 VEURNE
Largest movements
- Cash +€22,262
up €22,262 (+231%), from €9,618 to €31,879
mainly Depreciation (+€20,996) and Net result for the year (+€8,147)
- Tangible fixed assets -€20,996
down €20,996 (-34.4%), from €61,076 to €40,081
of which Other tangible fixed assets: -€20,508
- Receivables within one year -€4,669
down €4,669 (-68.3%), from €6,834 to €2,165
of which Trade receivables: -€4,669
- Profit (loss) carried forward +€8,147
up €8,147 (+10.2%), from -€80,164 to -€72,017
- Other debts -€7,762
down €7,762 (-5.8%), from €133,445 to €125,683
- Current portion of long-term debt -€3,571
down €3,571 (-100%), from €3,571 to €0
- Gross operating margin -€8,495
down €8,495 (-21.0%), from €40,469 to €31,974
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 | €77,924 | €74,539 | -€3,385 | -4.3% |
| Fixed assets | 21/28 | €61,076 | €40,081 | -€20,996 | -34.4% |
| Tangible fixed assets | 22/27 | €61,076 | €40,081 | -€20,996 | -34.4% |
| Plant, machinery and equipment | 23 | €1,419 | €931 | -€488 | -34.4% |
| Other tangible fixed assets | 26 | €59,658 | €39,149 | -€20,508 | -34.4% |
| Current assets | 29/58 | €16,847 | €34,459 | +€17,611 | +105% |
| Amounts receivable within one year | 40/41 | €6,834 | €2,165 | -€4,669 | -68.3% |
| Trade receivables | 40 | €5,078 | €409 | -€4,669 | -91.9% |
| Other amounts receivable | 41 | €1,756 | €1,756 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €9,618 | €31,879 | +€22,262 | +231% |
| Deferred charges and accrued income | 490/1 | €396 | €414 | +€19 | +4.7% |
| Total equity and liabilities | 10/49 | €77,924 | €74,539 | -€3,385 | -4.3% |
| Equity | 10/15 | -€61,564 | -€53,417 | +€8,147 | +13.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€80,164 | -€72,017 | +€8,147 | +10.2% |
| Amounts payable | 17/49 | €139,488 | €127,956 | -€11,531 | -8.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €139,488 | €127,956 | -€11,531 | -8.3% |
| Current portion of amounts payable after more than one year | 42 | €3,571 | €0 | -€3,571 | -100% |
| Trade debts | 44 | €387 | €185 | -€202 | -52.3% |
| Suppliers | 440/4 | €387 | €185 | -€202 | -52.3% |
| Taxes, remuneration and social security | 45 | €2,084 | €2,089 | +€4 | +0.2% |
| Taxes | 450/3 | €2,084 | €2,089 | +€4 | +0.2% |
| Other amounts payable | 47/48 | €133,445 | €125,683 | -€7,762 | -5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,996 | €20,996 | = | 0.0% |
| Other operating charges | 640/8 | €301 | €306 | +€5 | +1.7% |
| Gross operating margin | 9900 | €40,469 | €31,974 | -€8,495 | -21.0% |
| Operating profit (loss) | 9901 | €19,172 | €10,672 | -€8,500 | -44.3% |
| Financial charges | 65/66B | €2,746 | €2,525 | -€221 | -8.1% |
| Recurring financial charges | 65 | €2,746 | €2,525 | -€221 | -8.1% |
| Profit (loss) for the period before taxes | 9903 | €16,426 | €8,147 | -€8,279 | -50.4% |
| Profit (loss) for the period | 9904 | €16,426 | €8,147 | -€8,279 | -50.4% |
| Profit (loss) for the period to be appropriated | 9905 | €16,426 | €8,147 | -€8,279 | -50.4% |
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 17 October 2026 via checked.be.