CLdN Cargo: 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.
What changed
CLdN Cargo
NACE 52.249, Warehousing and support activities for transportation
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€11.2m
2024 · -€6.7m-€4.5m
Equity
-€5.1m
2024 · €6.1m-€11.2m
Cash
€224,656
2024 · €418,592-€193,936
Balance sheet total
€41.1m
2024 · €33.1m+€8.0m
Largest movements
Assets
- Tangible fixed assets +€5.6m
up €5.6m (+288%), from €1.9m to €7.5m
of which Furniture and vehicles: +€4.6m
- Receivables within one year +€2.9m
up €2.9m (+9.9%), from €29.5m to €32.4m
of which Trade receivables: +€4.9m
- Current investments -€932,000
down €932,000 (-84.8%), from €1.1m to €167,000
- Stocks and contracts +€595,353
new in 2025: €595,353
Equity and liabilities
- Profit (loss) carried forward -€11.2m
down €11.2m, from €2.1m to -€9.0m
- Trade debts +€11.1m
up €11.1m (+91.9%), from €12.1m to €23.2m
- Short-term financial debts +€7.9m
up €7.9m (+56.0%), from €14.2m to €22.1m
of which Credit institutions: +€4.7m
Income statement
- Turnover +€38.5m
up €38.5m (+29.1%), from €132.3m to €170.7m
- Goods and materials +€35.8m
up €35.8m (+28.3%), from €126.3m to €162.0m
of which Purchases: +€36.4m
- Services and other goods +€5.8m
up €5.8m (+113%), from €5.2m to €11.0m
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.
Result 2024
-€6.7m
Turnover
+€38.5m
Other operating income
+€125,229
Goods and materials
-€35.8m
Services and other goods
-€5.8m
Staff costs
-€1.0m
Depreciation
-€701,253
Write-downs
-€36,745
Other operating charges
+€5,933
Other operating items
+€171,810
Financial income
+€152,885
Financial charges
-€117,144
Taxes
+€708
Result 2025
-€11.2m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€2.1m
Investment
-€6.0m
Financing
+€7.9m
Cash 2024
€418,592
From operations (derived)
-€2.1m
Net result for the year
-€11.2m
Depreciation
+€1.3m
Stocks and contracts
-€595,353
Receivables within one year
-€2.9m
Deferred charges and accrued income
-€28,171
Trade debts
+€11.1m
Tax, wage and social debts
+€125,067
Accrued charges and deferred income
-€58
Investment (derived)
-€6.0m
Investment in fixed assets (net)
-€6.9m
Current investments
+€932,000
Financing
+€7.9m
Short-term financial debts
+€7.9m
Cash 2025
€224,656
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €33,093,183 | €41,104,430 | +€8.0m | +24.2% |
| Fixed assets | 21/28 | €1,959,891 | €7,564,841 | +€5.6m | +286% |
| Tangible fixed assets | 22/27 | €1,944,763 | €7,549,713 | +€5.6m | +288% |
| Plant, machinery and equipment | 23 | €213,303 | €1,151,521 | +€938,218 | +440% |
| Furniture and vehicles | 24 | €1,512,087 | €6,117,304 | +€4.6m | +305% |
| Other tangible fixed assets | 26 | €2,202 | €1,448 | -€753 | -34.2% |
| Assets under construction and advance payments | 27 | €217,171 | €279,440 | +€62,268 | +28.7% |
| Financial fixed assets | 28 | €15,128 | €15,128 | = | 0.0% |
| Other financial fixed assets | 284/8 | €15,128 | €15,128 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €15,128 | €15,128 | = | 0.0% |
| Current assets | 29/58 | €31,133,293 | €33,539,589 | +€2.4m | +7.7% |
| Stocks and contracts in progress | 3 | - | €595,353 | +€595,353 | |
| Stocks | 30/36 | - | €595,353 | +€595,353 | |
| Raw materials and consumables | 30/31 | - | €595,353 | +€595,353 | |
| Amounts receivable within one year | 40/41 | €29,466,504 | €32,375,212 | +€2.9m | +9.9% |
| Trade receivables | 40 | €27,404,814 | €32,263,728 | +€4.9m | +17.7% |
| Other amounts receivable | 41 | €2,061,690 | €111,484 | -€2.0m | -94.6% |
| Current investments | 50/53 | €1,099,000 | €167,000 | -€932,000 | -84.8% |
| Other investments | 51/53 | €1,099,000 | €167,000 | -€932,000 | -84.8% |
| Cash at bank and in hand | 54/58 | €418,592 | €224,656 | -€193,936 | -46.3% |
| Deferred charges and accrued income | 490/1 | €149,197 | €177,368 | +€28,171 | +18.9% |
| Total equity and liabilities | 10/49 | €33,093,183 | €41,104,430 | +€8.0m | +24.2% |
| Equity | 10/15 | €6,096,542 | -€5,064,969 | -€11.2m | |
| Contributions | 10/11 | €3,780,000 | €3,780,000 | = | 0.0% |
| Capital | 10 | €1,869,000 | €1,869,000 | = | 0.0% |
| Issued capital | 100 | €1,869,000 | €1,869,000 | = | 0.0% |
| Contributions outside capital | 11 | €1,911,000 | €1,911,000 | = | 0.0% |
| Share premium | 1100/10 | €1,911,000 | €1,911,000 | = | 0.0% |
| Reserves | 13 | €186,900 | €186,900 | = | 0.0% |
| Non-distributable reserves | 130/1 | €186,900 | €186,900 | = | 0.0% |
| Legal reserve | 130 | €186,900 | €186,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,129,642 | -€9,031,869 | -€11.2m | |
| Amounts payable | 17/49 | €26,996,641 | €46,169,399 | +€19.2m | +71.0% |
| Amounts payable within one year | 42/48 | €26,996,577 | €46,169,392 | +€19.2m | +71.0% |
| Financial debts | 43 | €14,197,599 | €22,141,630 | +€7.9m | +56.0% |
| Credit institutions | 430/8 | €14,197,599 | €18,922,816 | +€4.7m | +33.3% |
| Other loans | 439 | - | €3,218,814 | +€3.2m | |
| Trade debts | 44 | €12,087,137 | €23,190,854 | +€11.1m | +91.9% |
| Suppliers | 440/4 | €12,087,137 | €23,190,854 | +€11.1m | +91.9% |
| Taxes, remuneration and social security | 45 | €711,841 | €836,908 | +€125,067 | +17.6% |
| Taxes | 450/3 | - | €5,097 | +€5,097 | |
| Remuneration and social security | 454/9 | €711,841 | €831,810 | +€119,970 | +16.9% |
| Accrued charges and deferred income | 492/3 | €65 | €7 | -€58 | -89.5% |
| Operating income | 70/76A | €132,488,809 | €171,245,453 | +€38.8m | +29.3% |
| Turnover | 70 | €132,255,515 | €170,738,325 | +€38.5m | +29.1% |
| Other operating income | 74 | €117,206 | €242,435 | +€125,229 | +107% |
| Non-recurring operating income | 76A | €116,088 | €264,693 | +€148,605 | +128% |
| Operating charges | 60/66A | €138,818,083 | €182,110,282 | +€43.3m | +31.2% |
| Goods for resale, raw materials and consumables | 60 | €126,275,814 | €162,034,622 | +€35.8m | +28.3% |
| Purchases | 600/8 | €126,275,814 | €162,629,974 | +€36.4m | +28.8% |
| Change in stocks: decrease (increase) | 609 | - | -€595,353 | -€595,353 | |
| Services and other goods | 61 | €5,156,357 | €10,979,253 | +€5.8m | +113% |
| Remuneration, social security and pensions | 62 | €6,703,645 | €7,705,280 | +€1.0m | +14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €619,122 | €1,320,376 | +€701,253 | +113% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€754 | €35,992 | +€36,745 | |
| Other operating charges | 640/8 | €15,940 | €10,007 | -€5,933 | -37.2% |
| Non-recurring operating charges | 66A | €47,958 | €24,753 | -€23,205 | -48.4% |
| Operating profit (loss) | 9901 | -€6,329,274 | -€10,864,829 | -€4.5m | -71.7% |
| Financial income | 75/76B | €201,707 | €354,592 | +€152,885 | +75.8% |
| Recurring financial income | 75 | €201,707 | €354,592 | +€152,885 | +75.8% |
| Income from current assets | 751 | €16,900 | €51,314 | +€34,413 | +204% |
| Other financial income | 752/9 | €184,806 | €303,278 | +€118,471 | +64.1% |
| Financial charges | 65/66B | €529,275 | €646,419 | +€117,144 | +22.1% |
| Recurring financial charges | 65 | €529,275 | €646,419 | +€117,144 | +22.1% |
| Debt charges | 650 | €385,849 | €520,594 | +€134,745 | +34.9% |
| Other financial charges | 652/9 | €143,426 | €125,825 | -€17,600 | -12.3% |
| Profit (loss) for the period before taxes | 9903 | -€6,656,842 | -€11,156,657 | -€4.5m | -67.6% |
| Income taxes | 67/77 | €5,561 | €4,854 | -€708 | -12.7% |
| Taxes | 670/3 | €5,632 | €4,854 | -€778 | -13.8% |
| Tax adjustments and reversals of tax provisions | 77 | €70 | - | -€70 | |
| Profit (loss) for the period | 9904 | -€6,662,404 | -€11,161,510 | -€4.5m | -67.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,662,404 | -€11,161,510 | -€4.5m | -67.5% |
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 18 October 2026 via checked.be.