CARGOBASE: 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.
CARGOBASE
Largest movements
- Receivables within one year +€958,667
up €958,667 (+251%), from €381,660 to €1.3m
of which Other amounts receivable: +€816,882
- Cash -€938,284
down €938,284 (-77.0%), from €1.2m to €279,623
mainly Receivables within one year (-€958,667) and Trade debts (-€68,706)
- Tangible fixed assets -€26,067
down €26,067 (-32.5%), from €80,217 to €54,151
of which Furniture and vehicles: -€25,740
- Reserves +€88,116
up €88,116 (+6.8%), from €1.3m to €1.4m
of which Distributable reserves: +€431,231
- Trade debts -€68,706
down €68,706 (-18.2%), from €377,096 to €308,390
- Gross operating margin +€58,719
up €58,719 (+85.1%), from €69,032 to €127,750
- Staff costs -€24,338
down €24,338 (-99.4%), from €24,482 to €145
- Financial charges +€2,306
up €2,306 (+279%), from €826 to €3,132
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 | €1,710,371 | €1,715,529 | +€5,158 | +0.3% |
| Fixed assets | 21/28 | €106,897 | €80,831 | -€26,067 | -24.4% |
| Tangible fixed assets | 22/27 | €80,217 | €54,151 | -€26,067 | -32.5% |
| Plant, machinery and equipment | 23 | €327 | - | -€327 | |
| Furniture and vehicles | 24 | €74,495 | €48,756 | -€25,740 | -34.6% |
| Other tangible fixed assets | 26 | €5,395 | €5,395 | = | 0.0% |
| Financial fixed assets | 28 | €26,680 | €26,680 | = | 0.0% |
| Current assets | 29/58 | €1,603,474 | €1,634,698 | +€31,225 | +1.9% |
| Amounts receivable within one year | 40/41 | €381,660 | €1,340,327 | +€958,667 | +251% |
| Trade receivables | 40 | €278,200 | €419,985 | +€141,785 | +51.0% |
| Other amounts receivable | 41 | €103,460 | €920,342 | +€816,882 | +790% |
| Cash at bank and in hand | 54/58 | €1,217,907 | €279,623 | -€938,284 | -77.0% |
| Deferred charges and accrued income | 490/1 | €3,907 | €14,749 | +€10,842 | +277% |
| Total equity and liabilities | 10/49 | €1,710,371 | €1,715,529 | +€5,158 | +0.3% |
| Equity | 10/15 | €1,316,136 | €1,404,252 | +€88,116 | +6.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,297,536 | €1,385,652 | +€88,116 | +6.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €505,200 | €162,085 | -€343,115 | -67.9% |
| Distributable reserves | 133 | €790,476 | €1,221,707 | +€431,231 | +54.6% |
| Amounts payable | 17/49 | €394,235 | €311,277 | -€82,958 | -21.0% |
| Amounts payable after more than one year | 17 | €1,889 | - | -€1,889 | |
| Financial debts | 170/4 | €1,889 | - | -€1,889 | |
| Amounts payable within one year | 42/48 | €392,346 | €310,279 | -€82,067 | -20.9% |
| Current portion of amounts payable after more than one year | 42 | €11,250 | €1,889 | -€9,362 | -83.2% |
| Trade debts | 44 | €377,096 | €308,390 | -€68,706 | -18.2% |
| Suppliers | 440/4 | €377,096 | €308,390 | -€68,706 | -18.2% |
| Taxes, remuneration and social security | 45 | €4,000 | - | -€4,000 | |
| Taxes | 450/3 | €4,000 | - | -€4,000 | |
| Accrued charges and deferred income | 492/3 | - | €998 | +€998 | |
| Non-recurring operating income | 76A | - | €3,000 | +€3,000 | |
| Remuneration, social security and pensions | 62 | €24,482 | €145 | -€24,338 | -99.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,151 | €26,067 | -€1,084 | -4.0% |
| Other operating charges | 640/8 | €2,930 | €1,887 | -€1,042 | -35.6% |
| Gross operating margin | 9900 | €69,032 | €127,750 | +€58,719 | +85.1% |
| Operating profit (loss) | 9901 | €14,469 | €99,652 | +€85,183 | +589% |
| Financial income | 75/76B | €519 | €96 | -€423 | -81.5% |
| Recurring financial income | 75 | €519 | €96 | -€423 | -81.5% |
| Financial charges | 65/66B | €826 | €3,132 | +€2,306 | +279% |
| Recurring financial charges | 65 | €826 | €3,132 | +€2,306 | +279% |
| Profit (loss) for the period before taxes | 9903 | €14,163 | €96,616 | +€82,453 | +582% |
| Income taxes | 67/77 | €8,163 | €8,501 | +€338 | +4.1% |
| Profit (loss) for the period | 9904 | €6,000 | €88,116 | +€82,115 | +1,369% |
| Transfer from tax-exempt reserves | 789 | - | €378,900 | +€378,900 | |
| Transfer to tax-exempt reserves | 689 | - | €35,785 | +€35,785 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,000 | €431,231 | +€425,230 | +7,087% |
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 16 October 2026 via checked.be.