EV Cargo Global Forwarding: 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
EV Cargo Global Forwarding
NACE 52.250, Logistics services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€1.8m
2024 · -€1.3m-€505,151
Equity
€4.4m
2024 · €4.1m+€237,743
Cash
€1.5m
2024 · €3.9m-€2.4m
Balance sheet total
€7.7m
2024 · €10.5m-€2.8m
Largest movements
Assets
- Cash -€2.4m
down €2.4m (-61.8%), from €3.9m to €1.5m
mainly Other debts (-€2.4m) and Net result for the year (-€1.8m)
- Receivables within one year -€959,614
down €959,614 (-16.7%), from €5.7m to €4.8m
of which Trade receivables: -€845,386
- Formation expenses +€411,660
new in 2025: €411,660
- Tangible fixed assets +€111,650
up €111,650 (+18.3%), from €610,634 to €722,284
of which Other tangible fixed assets: +€210,604
Equity and liabilities
- Other debts -€2.4m
down €2.4m (-98.3%), from €2.5m to €41,468
- Contributions +€2.0m
up €2.0m (+386%), from €518,550 to €2.5m
- Profit (loss) carried forward -€1.8m
down €1.8m (-66.1%), from €2.7m to €902,939
- Trade debts -€385,711
down €385,711 (-13.7%), from €2.8m to €2.4m
- Accrued charges and deferred income -€287,433
down €287,433 (-87.0%), from €330,300 to €42,867
Income statement
- Turnover +€2.9m
up €2.9m (+13.7%), from €21.1m to €23.9m
- Goods and materials +€2.2m
up €2.2m (+15.9%), from €13.8m to €16.0m
- Other operating charges +€482,451
up €482,451 (+2,889%), from €16,697 to €499,148
- Staff costs +€456,927
up €456,927 (+10.5%), from €4.3m to €4.8m
- Write-downs -€411,566
down €411,566, from €95,421 to -€316,145
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
-€1.3m
Turnover
+€2.9m
Other operating income
+€18,911
Goods and materials
-€2.2m
Services and other goods
-€304,366
Staff costs
-€456,927
Depreciation
+€11,635
Write-downs
+€411,566
Provisions
+€1,307
Other operating charges
-€482,451
Other operating items
-€90,301
Financial income
-€29,085
Financial charges
-€297,693
Taxes
+€32,628
Result 2025
-€1.8m
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
-€3.7m
Investment
-€676,791
Financing
+€2.0m
Cash 2024
€3.9m
From operations (derived)
-€3.7m
Net result for the year
-€1.8m
Depreciation
+€153,101
Receivables within one year
+€959,614
Deferred charges and accrued income
-€25,661
Provisions
-€1,190
Trade debts
-€385,711
Tax, wage and social debts
+€74,271
Other debts
-€2.4m
Accrued charges and deferred income
-€287,433
Investment (derived)
-€676,791
Investment in fixed assets (net)
-€676,791
Financing
+€2.0m
Debts after one year
-€13,062
Current portion of long-term debt
-€557
Contributions, distributions and other
+€2.0m
Cash 2025
€1.5m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,515,611 | €7,698,795 | -€2.8m | -26.8% |
| Formation expenses | 20 | - | €411,660 | +€411,660 | |
| Fixed assets | 21/28 | €772,916 | €884,946 | +€112,030 | +14.5% |
| Tangible fixed assets | 22/27 | €610,634 | €722,284 | +€111,650 | +18.3% |
| Plant, machinery and equipment | 23 | €80,217 | €54,366 | -€25,851 | -32.2% |
| Furniture and vehicles | 24 | €210,200 | €137,097 | -€73,103 | -34.8% |
| Other tangible fixed assets | 26 | €320,216 | €530,820 | +€210,604 | +65.8% |
| Financial fixed assets | 28 | €162,283 | €162,663 | +€380 | +0.2% |
| Other financial fixed assets | 284/8 | €162,283 | €162,663 | +€380 | +0.2% |
| Amounts receivable and cash guarantees | 285/8 | €162,283 | €162,663 | +€380 | +0.2% |
| Current assets | 29/58 | €9,742,694 | €6,402,188 | -€3.3m | -34.3% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €5,747,739 | €4,788,125 | -€959,614 | -16.7% |
| Trade receivables | 40 | €4,780,036 | €3,934,650 | -€845,386 | -17.7% |
| Other amounts receivable | 41 | €967,703 | €853,475 | -€114,228 | -11.8% |
| Cash at bank and in hand | 54/58 | €3,894,378 | €1,487,826 | -€2.4m | -61.8% |
| Deferred charges and accrued income | 490/1 | €100,578 | €126,238 | +€25,661 | +25.5% |
| Total equity and liabilities | 10/49 | €10,515,611 | €7,698,795 | -€2.8m | -26.8% |
| Equity | 10/15 | €4,147,384 | €4,385,126 | +€237,743 | +5.7% |
| Contributions | 10/11 | €518,550 | €2,518,550 | +€2.0m | +386% |
| Capital | 10 | €518,550 | €2,518,550 | +€2.0m | +386% |
| Issued capital | 100 | €518,550 | €2,518,550 | +€2.0m | +386% |
| Reserves | 13 | €963,637 | €963,637 | = | 0.0% |
| Non-distributable reserves | 130/1 | €51,855 | €51,855 | = | 0.0% |
| Legal reserve | 130 | €51,855 | €51,855 | = | 0.0% |
| Distributable reserves | 133 | €911,782 | €911,782 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,665,197 | €902,939 | -€1.8m | -66.1% |
| Provisions and deferred taxes | 16 | €10,331 | €9,141 | -€1,190 | -11.5% |
| Provisions for liabilities and charges | 160/5 | €10,331 | €9,141 | -€1,190 | -11.5% |
| Other liabilities and charges | 164/5 | €10,331 | €9,141 | -€1,190 | -11.5% |
| Amounts payable | 17/49 | €6,357,896 | €3,304,528 | -€3.1m | -48.0% |
| Amounts payable after more than one year | 17 | €13,062 | €0 | -€13,062 | -100% |
| Financial debts | 170/4 | €13,062 | €0 | -€13,062 | -100% |
| Credit institutions | 173 | €13,062 | €0 | -€13,062 | -100% |
| Amounts payable within one year | 42/48 | €6,014,534 | €3,261,660 | -€2.8m | -45.8% |
| Current portion of amounts payable after more than one year | 42 | €13,619 | €13,062 | -€557 | -4.1% |
| Financial debts | 43 | €65 | €65 | = | 0.0% |
| Credit institutions | 430/8 | €65 | €65 | = | 0.0% |
| Trade debts | 44 | €2,807,622 | €2,421,912 | -€385,711 | -13.7% |
| Suppliers | 440/4 | €2,807,622 | €2,421,912 | -€385,711 | -13.7% |
| Taxes, remuneration and social security | 45 | €710,883 | €785,154 | +€74,271 | +10.4% |
| Taxes | 450/3 | €133,602 | €180,298 | +€46,696 | +35.0% |
| Remuneration and social security | 454/9 | €577,281 | €604,856 | +€27,575 | +4.8% |
| Other amounts payable | 47/48 | €2,482,346 | €41,468 | -€2.4m | -98.3% |
| Accrued charges and deferred income | 492/3 | €330,300 | €42,867 | -€287,433 | -87.0% |
| Operating income | 70/76A | €21,316,857 | €24,149,210 | +€2.8m | +13.3% |
| Turnover | 70 | €21,071,748 | €23,949,369 | +€2.9m | +13.7% |
| Other operating income | 74 | €174,311 | €193,222 | +€18,911 | +10.8% |
| Non-recurring operating income | 76A | €70,798 | €6,618 | -€64,180 | -90.7% |
| Operating charges | 60/66A | €22,410,899 | €25,454,253 | +€3.0m | +13.6% |
| Goods for resale, raw materials and consumables | 60 | €13,831,725 | €16,029,722 | +€2.2m | +15.9% |
| Purchases | 600/8 | €13,831,725 | €16,029,722 | +€2.2m | +15.9% |
| Services and other goods | 61 | €2,016,717 | €2,321,082 | +€304,366 | +15.1% |
| Remuneration, social security and pensions | 62 | €4,339,633 | €4,796,560 | +€456,927 | +10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €164,736 | €153,101 | -€11,635 | -7.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €95,421 | -€316,145 | -€411,566 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €117 | -€1,190 | -€1,307 | |
| Other operating charges | 640/8 | €16,697 | €499,148 | +€482,451 | +2,889% |
| Operating charges capitalised as restructuring costs | 649 | - | -€150,171 | -€150,171 | |
| Non-recurring operating charges | 66A | €1,945,854 | €2,122,145 | +€176,292 | +9.1% |
| Operating profit (loss) | 9901 | -€1,094,042 | -€1,305,044 | -€211,002 | -19.3% |
| Financial income | 75/76B | €83,591 | €54,506 | -€29,085 | -34.8% |
| Recurring financial income | 75 | €83,591 | €54,506 | -€29,085 | -34.8% |
| Income from financial fixed assets | 750 | €1,217 | €1,278 | +€61 | +5.0% |
| Other financial income | 752/9 | €82,374 | €53,229 | -€29,145 | -35.4% |
| Financial charges | 65/66B | €119,382 | €417,076 | +€297,693 | +249% |
| Recurring financial charges | 65 | €119,382 | €417,076 | +€297,693 | +249% |
| Debt charges | 650 | €26,564 | €18,656 | -€7,908 | -29.8% |
| Other financial charges | 652/9 | €92,818 | €398,419 | +€305,601 | +329% |
| Profit (loss) for the period before taxes | 9903 | -€1,129,834 | -€1,667,613 | -€537,780 | -47.6% |
| Income taxes | 67/77 | €127,272 | €94,644 | -€32,628 | -25.6% |
| Taxes | 670/3 | €141,697 | €94,644 | -€47,052 | -33.2% |
| Tax adjustments and reversals of tax provisions | 77 | €14,424 | €0 | -€14,424 | -100% |
| Profit (loss) for the period | 9904 | -€1,257,106 | -€1,762,257 | -€505,151 | -40.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,257,106 | -€1,762,257 | -€505,151 | -40.2% |
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 19 October 2026 via checked.be.