Excess Baggage Shipping: what changed
Excess Baggage Shipping
Largest movements
- Tangible fixed assets +€28,627
up €28,627 (+136%), from €21,018 to €49,645
of which Furniture and vehicles: +€28,921
- Cash +€25,916
up €25,916 (+93.9%), from €27,608 to €53,525
mainly Other debts (+€20,463) and Receivables within one year (+€18,682)
- Receivables within one year -€18,682
down €18,682 (-71.8%), from €26,037 to €7,355
of which Trade receivables: -€18,036
- Financial fixed assets +€5,000
up €5,000 (+30.8%), from €16,260 to €21,260
- Deferred charges and accrued income -€3,295
down €3,295 (-31.2%), from €10,577 to €7,282
- Other debts +€20,463
up €20,463 (+585%), from €3,498 to €23,961
- Reserves +€14,400
up €14,400 (+17.3%), from €83,185 to €97,585
- Tax, wage and social debts +€4,571
new in 2025: €4,571
- Trade debts -€1,832
down €1,832 (-38.3%), from €4,781 to €2,949
- Gross operating margin -€86,620
down €86,620 (-73.9%), from €117,265 to €30,646
- Taxes -€17,553
down €17,553 (-81.3%), from €21,603 to €4,050
Change in the result, 2024 to 2025
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 2024 and 2025 balance sheets and the 2025 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 | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €101,500 | €139,067 | +€37,567 | +37.0% |
| Fixed assets | 21/28 | €37,278 | €70,905 | +€33,627 | +90.2% |
| Tangible fixed assets | 22/27 | €21,018 | €49,645 | +€28,627 | +136% |
| Plant, machinery and equipment | 23 | €13,638 | €14,001 | +€364 | +2.7% |
| Furniture and vehicles | 24 | €4,751 | €33,672 | +€28,921 | +609% |
| Other tangible fixed assets | 26 | €2,629 | €1,972 | -€657 | -25.0% |
| Financial fixed assets | 28 | €16,260 | €21,260 | +€5,000 | +30.8% |
| Current assets | 29/58 | €64,222 | €68,162 | +€3,940 | +6.1% |
| Amounts receivable within one year | 40/41 | €26,037 | €7,355 | -€18,682 | -71.8% |
| Trade receivables | 40 | €24,494 | €6,458 | -€18,036 | -73.6% |
| Other amounts receivable | 41 | €1,543 | €897 | -€646 | -41.9% |
| Cash at bank and in hand | 54/58 | €27,608 | €53,525 | +€25,916 | +93.9% |
| Deferred charges and accrued income | 490/1 | €10,577 | €7,282 | -€3,295 | -31.2% |
| Total equity and liabilities | 10/49 | €101,500 | €139,067 | +€37,567 | +37.0% |
| Equity | 10/15 | €93,185 | €107,585 | +€14,400 | +15.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €83,185 | €97,585 | +€14,400 | +17.3% |
| Distributable reserves | 133 | €83,185 | €97,585 | +€14,400 | +17.3% |
| Amounts payable | 17/49 | €8,315 | €31,481 | +€23,166 | +279% |
| Amounts payable within one year | 42/48 | €8,279 | €31,481 | +€23,203 | +280% |
| Trade debts | 44 | €4,781 | €2,949 | -€1,832 | -38.3% |
| Suppliers | 440/4 | €4,781 | €2,949 | -€1,832 | -38.3% |
| Taxes, remuneration and social security | 45 | - | €4,571 | +€4,571 | |
| Taxes | 450/3 | - | €4,571 | +€4,571 | |
| Other amounts payable | 47/48 | €3,498 | €23,961 | +€20,463 | +585% |
| Accrued charges and deferred income | 492/3 | €36 | - | -€36 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,195 | €9,661 | +€466 | +5.1% |
| Other operating charges | 640/8 | €1,413 | €1,528 | +€115 | +8.2% |
| Gross operating margin | 9900 | €117,265 | €30,646 | -€86,620 | -73.9% |
| Operating profit (loss) | 9901 | €106,657 | €19,456 | -€87,201 | -81.8% |
| Financial income | 75/76B | €79 | €409 | +€330 | +417% |
| Recurring financial income | 75 | €79 | €409 | +€330 | +417% |
| Financial charges | 65/66B | €1,115 | €582 | -€532 | -47.8% |
| Recurring financial charges | 65 | €1,115 | €582 | -€532 | -47.8% |
| Profit (loss) for the period before taxes | 9903 | €105,622 | €19,283 | -€86,338 | -81.7% |
| Income taxes | 67/77 | €21,603 | €4,050 | -€17,553 | -81.3% |
| Profit (loss) for the period | 9904 | €84,018 | €15,233 | -€68,785 | -81.9% |
| Profit (loss) for the period to be appropriated | 9905 | €84,018 | €15,233 | -€68,785 | -81.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.