CARGOBEL LOGISTICS: 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.
CARGOBEL LOGISTICS
Largest movements
- Tangible fixed assets -€56,328
down €56,328 (-35.7%), from €157,865 to €101,537
of which Furniture and vehicles: -€55,594
- Receivables within one year +€29,704
up €29,704 (+49.9%), from €59,546 to €89,250
of which Trade receivables: +€30,630
- Cash -€7,214
down €7,214 (-2.0%), from €365,194 to €357,980
mainly Net result for the year (-€33,560) and Receivables within one year (-€29,704)
- Reserves -€33,560
down €33,560 (-8.5%), from €394,992 to €361,432
of which Distributable reserves: -€33,560
- Trade debts +€22,720
up €22,720 (+93.1%), from €24,414 to €47,134
- Tax, wage and social debts -€21,837
down €21,837 (-19.5%), from €111,895 to €90,059
of which Taxes: -€12,300
- Turnover -€368,616
down €368,616 (-34.1%), from €1.1m to €713,556
- Staff costs -€189,592
down €189,592 (-31.6%), from €600,361 to €410,770
- Services and other goods -€46,916
down €46,916 (-22.9%), from €204,917 to €158,001
- Goods and materials -€45,108
down €45,108 (-28.1%), from €160,746 to €115,638
of which Purchases: -€43,105
- Other operating income -€17,244
down €17,244 (-41.3%), from €41,713 to €24,469
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 | €611,692 | €573,644 | -€38,048 | -6.2% |
| Fixed assets | 21/28 | €158,945 | €102,617 | -€56,328 | -35.4% |
| Tangible fixed assets | 22/27 | €157,865 | €101,537 | -€56,328 | -35.7% |
| Plant, machinery and equipment | 23 | €2,435 | €1,701 | -€734 | -30.1% |
| Furniture and vehicles | 24 | €155,430 | €99,836 | -€55,594 | -35.8% |
| Financial fixed assets | 28 | €1,080 | €1,080 | = | 0.0% |
| Other financial fixed assets | 284/8 | €1,080 | €1,080 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €1,080 | €1,080 | = | 0.0% |
| Current assets | 29/58 | €452,747 | €471,027 | +€18,280 | +4.0% |
| Stocks and contracts in progress | 3 | €3,541 | €4,867 | +€1,326 | +37.5% |
| Stocks | 30/36 | €3,541 | €4,867 | +€1,326 | +37.5% |
| Raw materials and consumables | 30/31 | €3,541 | €4,867 | +€1,326 | +37.5% |
| Amounts receivable within one year | 40/41 | €59,546 | €89,250 | +€29,704 | +49.9% |
| Trade receivables | 40 | €57,670 | €88,300 | +€30,630 | +53.1% |
| Other amounts receivable | 41 | €1,877 | €950 | -€926 | -49.4% |
| Cash at bank and in hand | 54/58 | €365,194 | €357,980 | -€7,214 | -2.0% |
| Deferred charges and accrued income | 490/1 | €24,466 | €18,930 | -€5,536 | -22.6% |
| Total equity and liabilities | 10/49 | €611,692 | €573,644 | -€38,048 | -6.2% |
| Equity | 10/15 | €469,992 | €436,432 | -€33,560 | -7.1% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €394,992 | €361,432 | -€33,560 | -8.5% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Legal reserve | 130 | €7,500 | €7,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €25,100 | €25,100 | = | 0.0% |
| Distributable reserves | 133 | €362,392 | €328,832 | -€33,560 | -9.3% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €141,700 | €137,212 | -€4,488 | -3.2% |
| Amounts payable within one year | 42/48 | €140,909 | €137,193 | -€3,716 | -2.6% |
| Trade debts | 44 | €24,414 | €47,134 | +€22,720 | +93.1% |
| Suppliers | 440/4 | €24,414 | €47,134 | +€22,720 | +93.1% |
| Taxes, remuneration and social security | 45 | €111,895 | €90,059 | -€21,837 | -19.5% |
| Taxes | 450/3 | €56,754 | €44,454 | -€12,300 | -21.7% |
| Remuneration and social security | 454/9 | €55,141 | €45,604 | -€9,536 | -17.3% |
| Other amounts payable | 47/48 | €4,600 | €0 | -€4,600 | -100% |
| Accrued charges and deferred income | 492/3 | €791 | €19 | -€772 | -97.6% |
| Operating income | 70/76A | €1,123,885 | €738,025 | -€385,860 | -34.3% |
| Turnover | 70 | €1,082,172 | €713,556 | -€368,616 | -34.1% |
| Other operating income | 74 | €41,713 | €24,469 | -€17,244 | -41.3% |
| Operating charges | 60/66A | €1,083,826 | €775,620 | -€308,206 | -28.4% |
| Goods for resale, raw materials and consumables | 60 | €160,746 | €115,638 | -€45,108 | -28.1% |
| Purchases | 600/8 | €160,069 | €116,965 | -€43,105 | -26.9% |
| Change in stocks: decrease (increase) | 609 | €677 | -€1,326 | -€2,003 | |
| Services and other goods | 61 | €204,917 | €158,001 | -€46,916 | -22.9% |
| Remuneration, social security and pensions | 62 | €600,361 | €410,770 | -€189,592 | -31.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,886 | €57,082 | -€16,804 | -22.7% |
| Other operating charges | 640/8 | €43,916 | €34,129 | -€9,787 | -22.3% |
| Operating profit (loss) | 9901 | €40,059 | -€37,595 | -€77,654 | |
| Financial income | 75/76B | €9 | €5,001 | +€4,992 | +55,897% |
| Recurring financial income | 75 | €9 | €1 | -€8 | -94.3% |
| Other financial income | 752/9 | €9 | €1 | -€8 | -94.3% |
| Non-recurring financial income | 76B | - | €5,000 | +€5,000 | |
| Financial charges | 65/66B | €832 | €777 | -€55 | -6.6% |
| Recurring financial charges | 65 | €832 | €777 | -€55 | -6.6% |
| Debt charges | 650 | €11 | €0 | -€11 | -100% |
| Other financial charges | 652/9 | €822 | €777 | -€44 | -5.4% |
| Profit (loss) for the period before taxes | 9903 | €39,236 | -€33,371 | -€72,607 | |
| Transfer from deferred taxes | 780 | €32 | €0 | -€32 | -100% |
| Income taxes | 67/77 | €12,538 | €188 | -€12,349 | -98.5% |
| Taxes | 670/3 | €12,538 | €188 | -€12,349 | -98.5% |
| Profit (loss) for the period | 9904 | €26,730 | -€33,560 | -€60,290 | |
| Transfer from tax-exempt reserves | 789 | €96 | €0 | -€96 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €26,826 | -€33,560 | -€60,386 |
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 30 October 2026 via checked.be.