CARGUS COMPANY: what changed
CARGUS COMPANY
Largest movements
- Tangible fixed assets -€41,326
down €41,326 (-15.5%), from €267,105 to €225,779
- Cash -€24,809
down €24,809 (-56.0%), from €44,320 to €19,511
mainly Trade debts (-€44,831) and Debts after one year (-€30,976)
- Receivables within one year -€3,665
down €3,665 (-12.0%), from €30,515 to €26,850
- Trade debts -€44,831
down €44,831 (-80.6%), from €55,589 to €10,758
- Debts after one year -€30,976
down €30,976 (-22.7%), from €136,635 to €105,659
- Profit (loss) carried forward +€9,450
up €9,450 (+25.0%), from €37,852 to €47,302
- Staff costs -€47,739
down €47,739 (-27.6%), from €172,714 to €124,974
- Taxes +€13,495
up €13,495, from -€4,209 to €9,286
- Depreciation +€12,992
up €12,992 (+40.3%), from €32,230 to €45,222
- Gross operating margin -€8,438
down €8,438 (-4.0%), from €210,454 to €202,016
- Financial charges +€2,625
up €2,625 (+30.6%), from €8,570 to €11,195
of which Non-recurring financial charges: +€2,495
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €341,940 | €272,140 | -€69,800 | -20.4% |
| Fixed assets | 21/28 | €267,105 | €225,779 | -€41,326 | -15.5% |
| Tangible fixed assets | 22/27 | €267,105 | €225,779 | -€41,326 | -15.5% |
| Furniture and vehicles | 24 | €267,105 | €225,779 | -€41,326 | -15.5% |
| Current assets | 29/58 | €74,835 | €46,361 | -€28,474 | -38.0% |
| Amounts receivable within one year | 40/41 | €30,515 | €26,850 | -€3,665 | -12.0% |
| Trade receivables | 40 | €30,515 | €26,850 | -€3,665 | -12.0% |
| Cash at bank and in hand | 54/58 | €44,320 | €19,511 | -€24,809 | -56.0% |
| Total equity and liabilities | 10/49 | €341,940 | €272,140 | -€69,800 | -20.4% |
| Equity | 10/15 | €58,972 | €68,422 | +€9,450 | +16.0% |
| Contributions | 10/11 | €19,200 | €19,200 | = | 0.0% |
| Reserves | 13 | €1,920 | €1,920 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,920 | €1,920 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,920 | €1,920 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,852 | €47,302 | +€9,450 | +25.0% |
| Amounts payable | 17/49 | €282,968 | €203,718 | -€79,250 | -28.0% |
| Amounts payable after more than one year | 17 | €136,635 | €105,659 | -€30,976 | -22.7% |
| Financial debts | 170/4 | €136,635 | €105,659 | -€30,976 | -22.7% |
| Amounts payable within one year | 42/48 | €146,333 | €98,059 | -€48,274 | -33.0% |
| Current portion of amounts payable after more than one year | 42 | €57,429 | €55,127 | -€2,302 | -4.0% |
| Trade debts | 44 | €55,589 | €10,758 | -€44,831 | -80.6% |
| Suppliers | 440/4 | €55,589 | €10,758 | -€44,831 | -80.6% |
| Taxes, remuneration and social security | 45 | €18,158 | €17,017 | -€1,141 | -6.3% |
| Taxes | 450/3 | €6,465 | €8,962 | +€2,498 | +38.6% |
| Remuneration and social security | 454/9 | €11,693 | €8,054 | -€3,639 | -31.1% |
| Other amounts payable | 47/48 | €15,157 | €15,157 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €172,714 | €124,974 | -€47,739 | -27.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,230 | €45,222 | +€12,992 | +40.3% |
| Other operating charges | 640/8 | €1,885 | €1,889 | +€4 | +0.2% |
| Non-recurring operating charges | 66A | €3,985 | - | -€3,985 | |
| Gross operating margin | 9900 | €210,454 | €202,016 | -€8,438 | -4.0% |
| Operating profit (loss) | 9901 | -€360 | €29,932 | +€30,292 | |
| Financial charges | 65/66B | €8,570 | €11,195 | +€2,625 | +30.6% |
| Recurring financial charges | 65 | €8,570 | €8,700 | +€130 | +1.5% |
| Non-recurring financial charges | 66B | - | €2,495 | +€2,495 | |
| Profit (loss) for the period before taxes | 9903 | -€8,930 | €18,737 | +€27,667 | |
| Income taxes | 67/77 | -€4,209 | €9,286 | +€13,495 | |
| Profit (loss) for the period | 9904 | -€4,722 | €9,450 | +€14,172 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,722 | €9,450 | +€14,172 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.