CVS CARGO GROUP: 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.
CVS CARGO GROUP
Largest movements
- Tangible fixed assets +€516,192
up €516,192 (+177%), from €291,825 to €808,017
of which Leasing and similar rights: +€509,054
- Receivables within one year +€127,147
up €127,147 (+34.2%), from €372,104 to €499,251
of which Trade receivables: +€134,328
- Debts after one year +€304,386
up €304,386 (+180%), from €168,811 to €473,197
- Current portion of long-term debt +€155,166
up €155,166 (+169%), from €91,838 to €247,004
- Trade debts +€117,803
new in 2025: €117,803
- Reserves +€70,000
up €70,000 (+3,763%), from €1,860 to €71,860
of which Distributable reserves: +€70,000
- Short-term financial debts -€40,720
down €40,720 (-40.5%), from €100,526 to €59,806
of which Other loans: -€45,000
- Gross operating margin +€396,310
up €396,310 (+93.3%), from €424,793 to €821,103
- Staff costs +€245,219
up €245,219 (+142%), from €172,487 to €417,706
- Depreciation +€62,351
up €62,351 (+104%), from €59,673 to €122,024
- Financial charges +€40,858
up €40,858 (+234%), from €17,481 to €58,339
- Other operating charges +€39,163
up €39,163 (+95.8%), from €40,899 to €80,062
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €666,694 | €1,313,672 | +€646,978 | +97.0% |
| Fixed assets | 21/28 | €294,431 | €813,518 | +€519,087 | +176% |
| Tangible fixed assets | 22/27 | €291,825 | €808,017 | +€516,192 | +177% |
| Land and buildings | 22 | €6,646 | €5,854 | -€792 | -11.9% |
| Furniture and vehicles | 24 | €44,690 | €52,620 | +€7,930 | +17.7% |
| Leasing and similar rights | 25 | €240,489 | €749,543 | +€509,054 | +212% |
| Financial fixed assets | 28 | €2,606 | €5,501 | +€2,895 | +111% |
| Current assets | 29/58 | €372,263 | €500,154 | +€127,891 | +34.4% |
| Amounts receivable within one year | 40/41 | €372,104 | €499,251 | +€127,147 | +34.2% |
| Trade receivables | 40 | €243,818 | €378,146 | +€134,328 | +55.1% |
| Other amounts receivable | 41 | €128,286 | €121,105 | -€7,181 | -5.6% |
| Deferred charges and accrued income | 490/1 | €159 | €903 | +€744 | +468% |
| Total equity and liabilities | 10/49 | €666,694 | €1,313,672 | +€646,978 | +97.0% |
| Equity | 10/15 | €184,789 | €281,238 | +€96,449 | +52.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €1,860 | €71,860 | +€70,000 | +3,763% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | - | €70,000 | +€70,000 | |
| Profit (loss) carried forward | 14 | €164,329 | €190,778 | +€26,449 | +16.1% |
| Amounts payable | 17/49 | €481,905 | €1,032,434 | +€550,529 | +114% |
| Amounts payable after more than one year | 17 | €168,811 | €473,197 | +€304,386 | +180% |
| Financial debts | 170/4 | €168,811 | €473,197 | +€304,386 | +180% |
| Amounts payable within one year | 42/48 | €313,094 | €559,237 | +€246,143 | +78.6% |
| Current portion of amounts payable after more than one year | 42 | €91,838 | €247,004 | +€155,166 | +169% |
| Financial debts | 43 | €100,526 | €59,806 | -€40,720 | -40.5% |
| Credit institutions | 430/8 | €55,526 | €59,806 | +€4,280 | +7.7% |
| Other loans | 439 | €45,000 | - | -€45,000 | |
| Trade debts | 44 | - | €117,803 | +€117,803 | |
| Suppliers | 440/4 | - | €117,803 | +€117,803 | |
| Taxes, remuneration and social security | 45 | €104,730 | €134,624 | +€29,894 | +28.5% |
| Taxes | 450/3 | €84,599 | €112,425 | +€27,826 | +32.9% |
| Remuneration and social security | 454/9 | €20,131 | €22,199 | +€2,068 | +10.3% |
| Other amounts payable | 47/48 | €16,000 | - | -€16,000 | |
| Remuneration, social security and pensions | 62 | €172,487 | €417,706 | +€245,219 | +142% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,673 | €122,024 | +€62,351 | +104% |
| Other operating charges | 640/8 | €40,899 | €80,062 | +€39,163 | +95.8% |
| Non-recurring operating charges | 66A | €5,372 | - | -€5,372 | |
| Gross operating margin | 9900 | €424,793 | €821,103 | +€396,310 | +93.3% |
| Operating profit (loss) | 9901 | €146,362 | €201,311 | +€54,949 | +37.5% |
| Financial income | 75/76B | €3,401 | €7,068 | +€3,667 | +108% |
| Recurring financial income | 75 | €3,401 | €7,068 | +€3,667 | +108% |
| Financial charges | 65/66B | €17,481 | €58,339 | +€40,858 | +234% |
| Recurring financial charges | 65 | €17,481 | €58,339 | +€40,858 | +234% |
| Profit (loss) for the period before taxes | 9903 | €132,282 | €150,040 | +€17,758 | +13.4% |
| Income taxes | 67/77 | €32,605 | €53,591 | +€20,986 | +64.4% |
| Profit (loss) for the period | 9904 | €99,677 | €96,449 | -€3,228 | -3.2% |
| Profit (loss) for the period to be appropriated | 9905 | €99,677 | €96,449 | -€3,228 | -3.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.