FFD 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.
FFD CARGO
Largest movements
- Cash -€282,089
down €282,089 (-49.6%), from €569,238 to €287,149
mainly Other debts (-€187,820) and Advances received (-€163,919)
- Receivables within one year -€52,635
down €52,635 (-10.1%), from €520,587 to €467,952
of which Other amounts receivable: -€55,205
- Financial fixed assets +€20,000
up €20,000 (+15.6%), from €128,500 to €148,500
- Other debts -€187,820
down €187,820 (-61.8%), from €303,849 to €116,030
- Advances received -€163,919
down €163,919 (-53.7%), from €305,397 to €141,478
- Profit (loss) carried forward +€57,152
up €57,152 (+35.6%), from €160,610 to €217,762
- Trade debts -€44,830
down €44,830 (-74.2%), from €60,426 to €15,596
- Tax, wage and social debts +€23,401
up €23,401 (+6.9%), from €340,136 to €363,537
of which Remuneration and social security: +€74,848
- Staff costs +€330,767
up €330,767 (+83.0%), from €398,303 to €729,070
- Gross operating margin -€159,566
down €159,566 (-16.4%), from €975,821 to €816,255
- Taxes -€99,672
down €99,672 (-83.6%), from €119,296 to €19,624
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 | €1,231,919 | €915,902 | -€316,016 | -25.7% |
| Fixed assets | 21/28 | €142,093 | €160,801 | +€18,708 | +13.2% |
| Tangible fixed assets | 22/27 | €13,593 | €12,301 | -€1,292 | -9.5% |
| Furniture and vehicles | 24 | €13,593 | €12,301 | -€1,292 | -9.5% |
| Financial fixed assets | 28 | €128,500 | €148,500 | +€20,000 | +15.6% |
| Current assets | 29/58 | €1,089,826 | €755,102 | -€334,724 | -30.7% |
| Amounts receivable within one year | 40/41 | €520,587 | €467,952 | -€52,635 | -10.1% |
| Trade receivables | 40 | €62,691 | €65,261 | +€2,570 | +4.1% |
| Other amounts receivable | 41 | €457,896 | €402,691 | -€55,205 | -12.1% |
| Cash at bank and in hand | 54/58 | €569,238 | €287,149 | -€282,089 | -49.6% |
| Total equity and liabilities | 10/49 | €1,231,919 | €915,902 | -€316,016 | -25.7% |
| Equity | 10/15 | €222,110 | €279,262 | +€57,152 | +25.7% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | - | -€61,500 | |
| Issued capital | 100 | €61,500 | - | -€61,500 | |
| Contributions outside capital | 11 | - | €61,500 | +€61,500 | |
| Other | 1109/19 | - | €61,500 | +€61,500 | |
| Profit (loss) carried forward | 14 | €160,610 | €217,762 | +€57,152 | +35.6% |
| Amounts payable | 17/49 | €1,009,808 | €636,640 | -€373,168 | -37.0% |
| Amounts payable within one year | 42/48 | €1,009,808 | €636,640 | -€373,168 | -37.0% |
| Trade debts | 44 | €60,426 | €15,596 | -€44,830 | -74.2% |
| Suppliers | 440/4 | €60,426 | €15,596 | -€44,830 | -74.2% |
| Advances received on contracts in progress | 46 | €305,397 | €141,478 | -€163,919 | -53.7% |
| Taxes, remuneration and social security | 45 | €340,136 | €363,537 | +€23,401 | +6.9% |
| Taxes | 450/3 | €236,659 | €185,211 | -€51,447 | -21.7% |
| Remuneration and social security | 454/9 | €103,478 | €178,326 | +€74,848 | +72.3% |
| Other amounts payable | 47/48 | €303,849 | €116,030 | -€187,820 | -61.8% |
| Remuneration, social security and pensions | 62 | €398,303 | €729,070 | +€330,767 | +83.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,862 | €3,576 | +€1,714 | +92.1% |
| Other operating charges | 640/8 | €570 | €2,310 | +€1,740 | +305.2% |
| Gross operating margin | 9900 | €975,821 | €816,255 | -€159,566 | -16.4% |
| Operating profit (loss) | 9901 | €575,087 | €81,300 | -€493,787 | -85.9% |
| Financial income | 75/76B | €4,596 | €1,865 | -€2,731 | -59.4% |
| Recurring financial income | 75 | €4,596 | €1,667 | -€2,929 | -63.7% |
| Non-recurring financial income | 76B | - | €198 | +€198 | |
| Financial charges | 65/66B | €1,517 | €6,389 | +€4,872 | +321.3% |
| Recurring financial charges | 65 | €1,517 | €6,389 | +€4,872 | +321.3% |
| Profit (loss) for the period before taxes | 9903 | €578,166 | €76,775 | -€501,391 | -86.7% |
| Income taxes | 67/77 | €119,296 | €19,624 | -€99,672 | -83.6% |
| Profit (loss) for the period | 9904 | €458,870 | €57,152 | -€401,719 | -87.5% |
| Profit (loss) for the period to be appropriated | 9905 | €458,870 | €57,152 | -€401,719 | -87.5% |
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 10 October 2026 via checked.be.