CGATE Logistics Belgium: what changed
CGATE Logistics Belgium
Largest movements
- Cash -€168,829
down €168,829 (-64.0%), from €263,595 to €94,766
mainly Net result for the year (-€188,929) and Trade debts (-€102,872)
- Receivables within one year -€80,397
down €80,397 (-8.9%), from €900,542 to €820,145
of which Trade receivables: -€80,759
- Tangible fixed assets -€16,916
down €16,916 (-18.7%), from €90,480 to €73,564
- Profit (loss) carried forward -€188,929
down €188,929 (-263%), from -€71,707 to -€260,636
- Trade debts -€102,872
down €102,872 (-12.3%), from €839,679 to €736,807
- Tax, wage and social debts +€21,679
up €21,679 (+25.4%), from €85,379 to €107,058
of which Taxes: +€19,702
- Gross operating margin -€74,616
down €74,616 (-15.0%), from €496,571 to €421,955
- Staff costs +€24,459
up €24,459 (+4.6%), from €535,889 to €560,347
- Taxes +€7,644
up €7,644 (+772%), from €991 to €8,634
- Financial charges +€6,996
up €6,996 (+42.3%), from €16,532 to €23,528
Change in the result, 2023 to 2024
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 2023 and 2024 balance sheets and the 2024 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 | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,262,140 | €997,991 | -€264,149 | -20.9% |
| Fixed assets | 21/28 | €90,480 | €73,564 | -€16,916 | -18.7% |
| Tangible fixed assets | 22/27 | €90,480 | €73,564 | -€16,916 | -18.7% |
| Furniture and vehicles | 24 | €90,480 | €73,564 | -€16,916 | -18.7% |
| Current assets | 29/58 | €1,171,661 | €924,427 | -€247,233 | -21.1% |
| Amounts receivable within one year | 40/41 | €900,542 | €820,145 | -€80,397 | -8.9% |
| Trade receivables | 40 | €854,757 | €773,998 | -€80,759 | -9.4% |
| Other amounts receivable | 41 | €45,785 | €46,147 | +€363 | +0.8% |
| Cash at bank and in hand | 54/58 | €263,595 | €94,766 | -€168,829 | -64.0% |
| Deferred charges and accrued income | 490/1 | €7,524 | €9,516 | +€1,992 | +26.5% |
| Total equity and liabilities | 10/49 | €1,262,140 | €997,991 | -€264,149 | -20.9% |
| Equity | 10/15 | -€44,397 | -€233,326 | -€188,929 | -426% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €2,310 | €2,310 | = | 0.0% |
| Distributable reserves | 133 | €2,310 | €2,310 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€71,707 | -€260,636 | -€188,929 | -263% |
| Amounts payable | 17/49 | €1,306,537 | €1,231,317 | -€75,220 | -5.8% |
| Amounts payable after more than one year | 17 | €345,280 | €351,253 | +€5,973 | +1.7% |
| Other amounts payable | 178/9 | €345,280 | €351,253 | +€5,973 | +1.7% |
| Amounts payable within one year | 42/48 | €928,208 | €847,015 | -€81,193 | -8.7% |
| Current portion of amounts payable after more than one year | 42 | €3,047 | €3,047 | = | 0.0% |
| Financial debts | 43 | €103 | €103 | = | 0.0% |
| Credit institutions | 430/8 | €103 | €103 | = | 0.0% |
| Trade debts | 44 | €839,679 | €736,807 | -€102,872 | -12.3% |
| Suppliers | 440/4 | €839,679 | €736,807 | -€102,872 | -12.3% |
| Taxes, remuneration and social security | 45 | €85,379 | €107,058 | +€21,679 | +25.4% |
| Taxes | 450/3 | €12,100 | €31,802 | +€19,702 | +163% |
| Remuneration and social security | 454/9 | €73,278 | €75,256 | +€1,977 | +2.7% |
| Accrued charges and deferred income | 492/3 | €33,049 | €33,049 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €535,889 | €560,347 | +€24,459 | +4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,075 | €19,038 | +€3,963 | +26.3% |
| Other operating charges | 640/8 | €4,491 | €1,170 | -€3,321 | -74.0% |
| Gross operating margin | 9900 | €496,571 | €421,955 | -€74,616 | -15.0% |
| Operating profit (loss) | 9901 | -€58,883 | -€158,600 | -€99,717 | -169% |
| Financial income | 75/76B | €4,698 | €1,832 | -€2,866 | -61.0% |
| Recurring financial income | 75 | €4,698 | €1,832 | -€2,866 | -61.0% |
| Financial charges | 65/66B | €16,532 | €23,528 | +€6,996 | +42.3% |
| Recurring financial charges | 65 | €16,532 | €23,528 | +€6,996 | +42.3% |
| Profit (loss) for the period before taxes | 9903 | -€70,716 | -€180,295 | -€109,579 | -155% |
| Income taxes | 67/77 | €991 | €8,634 | +€7,644 | +772% |
| Profit (loss) for the period | 9904 | -€71,707 | -€188,929 | -€117,222 | -163% |
| Profit (loss) for the period to be appropriated | 9905 | -€71,707 | -€188,929 | -€117,222 | -163% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.