EZ 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
EZ CARGO
NACE 52.250, Logistics services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.4m
2024 · €893,427+€500,741
Equity
€1.0m
2024 · €715,786+€302,406
Cash
€815,096
2024 · €782,424+€32,672
Balance sheet total
€4.3m
2024 · €4.2m+€97,102
Largest movements
Assets
- Receivables within one year +€195,957
up €195,957 (+6.7%), from €2.9m to €3.1m
of which Other amounts receivable: +€545,862
- Deferred charges and accrued income -€144,168
down €144,168 (-60.9%), from €236,784 to €92,617
Equity and liabilities
- Trade debts -€674,256
down €674,256 (-25.0%), from €2.7m to €2.0m
- Other debts +€414,022
up €414,022 (+61.1%), from €677,741 to €1.1m
- Profit (loss) carried forward +€302,406
up €302,406 (+46.8%), from €646,276 to €948,682
- Provisions +€54,000
new in 2025: €54,000
Income statement
- Turnover -€14.9m
no longer reported in 2025 (was €14.9m)
- Goods and materials -€12.2m
no longer reported in 2025 (was €12.2m)
- Gross operating margin +€3.0m
new in 2025: €3.0m
- Services and other goods -€1.2m
no longer reported in 2025 (was €1.2m)
- Other operating income -€425,027
no longer reported in 2025 (was €425,027)
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
€893,427
Turnover
-€14.9m
Other operating income
-€425,027
Goods and materials
+€12.2m
Services and other goods
+€1.2m
Staff costs
-€63,006
Depreciation
-€2,855
Write-downs
+€2,402
Provisions
-€54,000
Other operating charges
+€455
Other operating items
+€2.9m
Financial income
-€35,076
Financial charges
-€61,930
Taxes
-€222,622
Result 2025
€1.4m
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
+€1.2m
Investment
-€45,067
Financing
-€1.1m
Cash 2024
€782,424
From operations (derived)
+€1.2m
Net result for the year
+€1.4m
Depreciation
+€44,339
Receivables after one year
-€11,913
Receivables within one year
-€195,957
Deferred charges and accrued income
+€144,168
Provisions
+€54,000
Trade debts
-€674,256
Tax, wage and social debts
-€30,135
Other debts
+€414,022
Accrued charges and deferred income
+€31,065
Investment (derived)
-€45,067
Investment in fixed assets (net)
-€45,067
Financing
-€1.1m
Contributions, distributions and other
-€1.1m
Cash 2025
€815,096
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,238,375 | €4,335,477 | +€97,102 | +2.3% |
| Fixed assets | 21/28 | €311,919 | €312,647 | +€728 | +0.2% |
| Intangible fixed assets | 21 | - | €32,090 | +€32,090 | |
| Tangible fixed assets | 22/27 | €310,485 | €279,342 | -€31,143 | -10.0% |
| Plant, machinery and equipment | 23 | €160 | €0 | -€160 | -100% |
| Furniture and vehicles | 24 | €24,551 | €21,274 | -€3,276 | -13.3% |
| Other tangible fixed assets | 26 | €285,774 | €258,068 | -€27,706 | -9.7% |
| Financial fixed assets | 28 | €1,434 | €1,214 | -€220 | -15.3% |
| Other financial fixed assets | 284/8 | €1,434 | - | -€1,434 | |
| Amounts receivable and cash guarantees | 285/8 | €1,434 | - | -€1,434 | |
| Current assets | 29/58 | €3,926,456 | €4,022,830 | +€96,374 | +2.5% |
| Amounts receivable after more than one year | 29 | - | €11,913 | +€11,913 | |
| Trade receivables | 290 | - | €11,913 | +€11,913 | |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €2,907,247 | €3,103,205 | +€195,957 | +6.7% |
| Trade receivables | 40 | €2,691,166 | €2,341,262 | -€349,904 | -13.0% |
| Other amounts receivable | 41 | €216,081 | €761,943 | +€545,862 | +253% |
| Current investments | 50/53 | €0 | - | = | |
| Other investments | 51/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €782,424 | €815,096 | +€32,672 | +4.2% |
| Deferred charges and accrued income | 490/1 | €236,784 | €92,617 | -€144,168 | -60.9% |
| Total equity and liabilities | 10/49 | €4,238,375 | €4,335,477 | +€97,102 | +2.3% |
| Equity | 10/15 | €715,786 | €1,018,192 | +€302,406 | +42.2% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €8,010 | €8,010 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,010 | €8,010 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €646,276 | €948,682 | +€302,406 | +46.8% |
| Provisions and deferred taxes | 16 | - | €54,000 | +€54,000 | |
| Provisions for liabilities and charges | 160/5 | - | €54,000 | +€54,000 | |
| Other liabilities and charges | 164/5 | - | €54,000 | +€54,000 | |
| Amounts payable | 17/49 | €3,522,589 | €3,263,285 | -€259,304 | -7.4% |
| Amounts payable within one year | 42/48 | €3,515,916 | €3,225,547 | -€290,369 | -8.3% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €2,697,647 | €2,023,391 | -€674,256 | -25.0% |
| Suppliers | 440/4 | €2,697,647 | €2,023,391 | -€674,256 | -25.0% |
| Taxes, remuneration and social security | 45 | €140,529 | €110,394 | -€30,135 | -21.4% |
| Taxes | 450/3 | €0 | €10,119 | +€10,119 | |
| Remuneration and social security | 454/9 | €140,529 | €100,275 | -€40,254 | -28.6% |
| Other amounts payable | 47/48 | €677,741 | €1,091,763 | +€414,022 | +61.1% |
| Accrued charges and deferred income | 492/3 | €6,673 | €37,737 | +€31,065 | +466% |
| Operating income | 70/76A | €15,340,416 | - | -€15.3m | |
| Turnover | 70 | €14,905,733 | - | -€14.9m | |
| Other operating income | 74 | €425,027 | - | -€425,027 | |
| Non-recurring operating income | 76A | €9,655 | €1,275 | -€8,380 | -86.8% |
| Operating charges | 60/66A | €14,334,596 | - | -€14.3m | |
| Goods for resale, raw materials and consumables | 60 | €12,152,668 | - | -€12.2m | |
| Purchases | 600/8 | €12,152,668 | - | -€12.2m | |
| Services and other goods | 61 | €1,166,241 | - | -€1.2m | |
| Remuneration, social security and pensions | 62 | €960,053 | €1,023,058 | +€63,006 | +6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,484 | €44,339 | +€2,855 | +6.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,402 | €0 | -€2,402 | -100% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €54,000 | +€54,000 | |
| Other operating charges | 640/8 | €3,988 | €3,533 | -€455 | -11.4% |
| Non-recurring operating charges | 66A | €7,760 | €686 | -€7,075 | -91.2% |
| Gross operating margin | 9900 | - | €2,951,804 | +€3.0m | |
| Operating profit (loss) | 9901 | €1,005,820 | €1,826,189 | +€820,369 | +81.6% |
| Financial income | 75/76B | €36,308 | €1,232 | -€35,076 | -96.6% |
| Recurring financial income | 75 | €36,308 | €1,232 | -€35,076 | -96.6% |
| Income from current assets | 751 | €3,356 | - | -€3,356 | |
| Other financial income | 752/9 | €32,952 | - | -€32,952 | |
| Financial charges | 65/66B | €40,891 | €102,820 | +€61,930 | +151% |
| Recurring financial charges | 65 | €40,891 | €102,820 | +€61,930 | +151% |
| Debt charges | 650 | €8,588 | - | -€8,588 | |
| Other financial charges | 652/9 | €32,302 | - | -€32,302 | |
| Profit (loss) for the period before taxes | 9903 | €1,001,238 | €1,724,601 | +€723,363 | +72.2% |
| Income taxes | 67/77 | €107,810 | €330,432 | +€222,622 | +206% |
| Taxes | 670/3 | €107,810 | - | -€107,810 | |
| Profit (loss) for the period | 9904 | €893,427 | €1,394,169 | +€500,741 | +56.0% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €893,427 | €1,394,169 | +€500,741 | +56.0% |
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 20 October 2026 via checked.be.