CARGOBRU: 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.
CARGOBRU
Largest movements
- Receivables within one year +€24,238
up €24,238 (+26.1%), from €92,782 to €117,020
of which Trade receivables: +€22,720
- Cash +€20,312
up €20,312 (+7007.6%), from €290 to €20,601
mainly Net result for the year (+€44,950) and Other debts (+€25,356)
- Tangible fixed assets -€17,807
down €17,807 (-6.1%), from €291,508 to €273,701
- Profit (loss) carried forward +€44,950
up €44,950 (+10.9%), from -€413,123 to -€368,173
- Debts after one year -€26,174
down €26,174 (-46.3%), from €56,591 to €30,417
of which Financial debts: -€26,174
- Other debts +€25,356
up €25,356 (+4.9%), from €513,225 to €538,582
- Trade debts -€16,264
down €16,264 (-88.1%), from €18,451 to €2,187
- Other operating charges +€85,741
up €85,741 (+347.9%), from €24,644 to €110,385
- Write-downs -€84,968
new in 2025: -€84,968
- Financial charges -€2,020
down €2,020 (-7.6%), from €26,477 to €24,457
- Gross operating margin +€1,601
up €1,601 (+1.5%), from €108,705 to €110,306
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 | €386,098 | €412,901 | +€26,803 | +6.9% |
| Fixed assets | 21/28 | €291,508 | €273,701 | -€17,807 | -6.1% |
| Tangible fixed assets | 22/27 | €291,508 | €273,701 | -€17,807 | -6.1% |
| Land and buildings | 22 | €291,508 | €273,701 | -€17,807 | -6.1% |
| Current assets | 29/58 | €94,590 | €139,200 | +€44,610 | +47.2% |
| Amounts receivable within one year | 40/41 | €92,782 | €117,020 | +€24,238 | +26.1% |
| Trade receivables | 40 | €54,082 | €76,802 | +€22,720 | +42.0% |
| Other amounts receivable | 41 | €38,700 | €40,219 | +€1,518 | +3.9% |
| Cash at bank and in hand | 54/58 | €290 | €20,601 | +€20,312 | +7007.6% |
| Deferred charges and accrued income | 490/1 | €1,518 | €1,578 | +€60 | +4.0% |
| Total equity and liabilities | 10/49 | €386,098 | €412,901 | +€26,803 | +6.9% |
| Equity | 10/15 | -€250,887 | -€205,937 | +€44,950 | +17.9% |
| Contributions | 10/11 | €162,000 | €162,000 | = | 0.0% |
| Capital | 10 | €162,000 | €162,000 | = | 0.0% |
| Issued capital | 100 | €162,000 | €162,000 | = | 0.0% |
| Reserves | 13 | €236 | €236 | = | 0.0% |
| Non-distributable reserves | 130/1 | €236 | €236 | = | 0.0% |
| Legal reserve | 130 | €236 | €236 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€413,123 | -€368,173 | +€44,950 | +10.9% |
| Amounts payable | 17/49 | €636,985 | €618,838 | -€18,147 | -2.8% |
| Amounts payable after more than one year | 17 | €56,591 | €30,417 | -€26,174 | -46.3% |
| Financial debts | 170/4 | €51,203 | €25,029 | -€26,174 | -51.1% |
| Other amounts payable | 178/9 | €5,388 | €5,388 | = | 0.0% |
| Amounts payable within one year | 42/48 | €557,658 | €567,336 | +€9,678 | +1.7% |
| Current portion of amounts payable after more than one year | 42 | €25,982 | €26,174 | +€192 | +0.7% |
| Trade debts | 44 | €18,451 | €2,187 | -€16,264 | -88.1% |
| Suppliers | 440/4 | €18,451 | €2,187 | -€16,264 | -88.1% |
| Taxes, remuneration and social security | 45 | €0 | €394 | +€394 | +393610.0% |
| Taxes | 450/3 | €0 | €394 | +€394 | +393610.0% |
| Other amounts payable | 47/48 | €513,225 | €538,582 | +€25,356 | +4.9% |
| Accrued charges and deferred income | 492/3 | €22,736 | €21,084 | -€1,651 | -7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,807 | €17,807 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€84,968 | -€84,968 | |
| Other operating charges | 640/8 | €24,644 | €110,385 | +€85,741 | +347.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €108,705 | €110,306 | +€1,601 | +1.5% |
| Operating profit (loss) | 9901 | €66,254 | €67,082 | +€828 | +1.3% |
| Financial income | 75/76B | €1,518 | €2,324 | +€806 | +53.1% |
| Recurring financial income | 75 | €1,518 | €2,324 | +€806 | +53.1% |
| Financial charges | 65/66B | €26,477 | €24,457 | -€2,020 | -7.6% |
| Recurring financial charges | 65 | €26,477 | €24,457 | -€2,020 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | €41,295 | €44,950 | +€3,655 | +8.8% |
| Profit (loss) for the period | 9904 | €41,295 | €44,950 | +€3,655 | +8.8% |
| Profit (loss) for the period to be appropriated | 9905 | €41,295 | €44,950 | +€3,655 | +8.8% |
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 1 October 2026 via checked.be.