EAST AFRICAN CARGO: 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.
EAST AFRICAN CARGO
Largest movements
- Current investments +€88,772
up €88,772 (+19.5%), from €455,459 to €544,231
- Cash +€86,583
up €86,583 (+50.9%), from €169,996 to €256,579
mainly Other debts (+€345,699) and Net result for the year (+€87,128)
- Receivables within one year +€62,423
up €62,423 (+17.7%), from €352,276 to €414,699
of which Other amounts receivable: +€74,516
- Tangible fixed assets -€12,543
down €12,543 (-45.6%), from €27,515 to €14,973
- Other debts +€345,699
up €345,699 (+1085.1%), from €31,860 to €377,558
- Trade debts -€172,811
down €172,811 (-39.4%), from €438,132 to €265,321
- Reserves +€46,106
up €46,106 (+9.0%), from €513,287 to €559,394
of which Distributable reserves: +€46,106
- Gross operating margin +€84,399
up €84,399 (+70.5%), from €119,684 to €204,082
- Financial charges +€33,987
up €33,987 (+233.8%), from €14,537 to €48,525
- Other operating charges +€17,562
up €17,562 (+1537.5%), from €1,142 to €18,705
- Taxes +€14,053
up €14,053 (+43.1%), from €32,579 to €46,632
- Financial income -€7,897
down €7,897 (-43.5%), from €18,161 to €10,264
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 | €1,008,700 | €1,237,921 | +€229,221 | +22.7% |
| Fixed assets | 21/28 | €27,515 | €14,973 | -€12,543 | -45.6% |
| Tangible fixed assets | 22/27 | €27,515 | €14,973 | -€12,543 | -45.6% |
| Furniture and vehicles | 24 | €27,515 | €14,973 | -€12,543 | -45.6% |
| Current assets | 29/58 | €981,185 | €1,222,948 | +€241,763 | +24.6% |
| Amounts receivable within one year | 40/41 | €352,276 | €414,699 | +€62,423 | +17.7% |
| Trade receivables | 40 | €205,950 | €193,857 | -€12,093 | -5.9% |
| Other amounts receivable | 41 | €146,326 | €220,842 | +€74,516 | +50.9% |
| Current investments | 50/53 | €455,459 | €544,231 | +€88,772 | +19.5% |
| Cash at bank and in hand | 54/58 | €169,996 | €256,579 | +€86,583 | +50.9% |
| Deferred charges and accrued income | 490/1 | €3,454 | €7,439 | +€3,985 | +115.4% |
| Total equity and liabilities | 10/49 | €1,008,700 | €1,237,921 | +€229,221 | +22.7% |
| Equity | 10/15 | €533,496 | €579,603 | +€46,106 | +8.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €513,287 | €559,394 | +€46,106 | +9.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €511,287 | €557,394 | +€46,106 | +9.0% |
| Profit (loss) carried forward | 14 | €209 | €209 | = | 0.0% |
| Amounts payable | 17/49 | €475,204 | €658,318 | +€183,114 | +38.5% |
| Amounts payable within one year | 42/48 | €475,121 | €658,265 | +€183,144 | +38.5% |
| Trade debts | 44 | €438,132 | €265,321 | -€172,811 | -39.4% |
| Suppliers | 440/4 | €438,132 | €265,321 | -€172,811 | -39.4% |
| Taxes, remuneration and social security | 45 | €5,130 | €15,386 | +€10,256 | +199.9% |
| Taxes | 450/3 | €5,100 | €15,267 | +€10,167 | +199.4% |
| Remuneration and social security | 454/9 | €30 | €119 | +€89 | +301.4% |
| Other amounts payable | 47/48 | €31,860 | €377,558 | +€345,699 | +1085.1% |
| Accrued charges and deferred income | 492/3 | €83 | €53 | -€30 | -35.9% |
| Remuneration, social security and pensions | 62 | €516 | €814 | +€298 | +57.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,791 | €12,543 | -€248 | -1.9% |
| Other operating charges | 640/8 | €1,142 | €18,705 | +€17,562 | +1537.5% |
| Gross operating margin | 9900 | €119,684 | €204,082 | +€84,399 | +70.5% |
| Operating profit (loss) | 9901 | €105,234 | €172,021 | +€66,787 | +63.5% |
| Financial income | 75/76B | €18,161 | €10,264 | -€7,897 | -43.5% |
| Recurring financial income | 75 | €18,161 | €10,264 | -€7,897 | -43.5% |
| Financial charges | 65/66B | €14,537 | €48,525 | +€33,987 | +233.8% |
| Recurring financial charges | 65 | €14,537 | €48,525 | +€33,987 | +233.8% |
| Profit (loss) for the period before taxes | 9903 | €108,858 | €133,760 | +€24,902 | +22.9% |
| Income taxes | 67/77 | €32,579 | €46,632 | +€14,053 | +43.1% |
| Profit (loss) for the period | 9904 | €76,279 | €87,128 | +€10,849 | +14.2% |
| Profit (loss) for the period to be appropriated | 9905 | €76,279 | €87,128 | +€10,849 | +14.2% |
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 5 October 2026 via checked.be.