Interim 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.
Interim Cargo
Largest movements
- Tangible fixed assets -€340,259
down €340,259 (-67.8%), from €502,142 to €161,883
of which Furniture and vehicles: -€324,040
- Receivables within one year +€27,581
up €27,581 (+18.7%), from €147,277 to €174,858
of which Other amounts receivable: +€92,974
- Cash +€14,891
up €14,891 (+316.5%), from €4,705 to €19,596
- Trade debts -€316,273
down €316,273 (-90.9%), from €347,891 to €31,618
- Other debts -€258,201
down €258,201 (-97.5%), from €264,715 to €6,514
- Profit (loss) carried forward +€250,881
up €250,881 (+82.2%), from -€305,086 to -€54,204
- Tax, wage and social debts +€35,118
up €35,118 (+516.4%), from €6,800 to €41,918
of which Taxes: +€41,918
- Gross operating margin +€448,954
up €448,954 (+310.1%), from €144,764 to €593,718
- Taxes +€37,878
up €37,878 (+1207.9%), from €3,136 to €41,014
- Depreciation +€32,265
up €32,265 (+23.4%), from €138,111 to €170,376
- Staff costs +€21,509
up €21,509 (+35.9%), from €59,913 to €81,422
- Financial charges -€13,405
down €13,405 (-57.5%), from €23,327 to €9,921
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €655,213 | €356,837 | -€298,376 | -45.5% |
| Fixed assets | 21/28 | €502,142 | €162,383 | -€339,759 | -67.7% |
| Tangible fixed assets | 22/27 | €502,142 | €161,883 | -€340,259 | -67.8% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €41,919 | €25,700 | -€16,218 | -38.7% |
| Furniture and vehicles | 24 | €460,223 | €136,182 | -€324,040 | -70.4% |
| Financial fixed assets | 28 | €0 | €500 | +€500 | |
| Current assets | 29/58 | €153,071 | €194,454 | +€41,383 | +27.0% |
| Amounts receivable within one year | 40/41 | €147,277 | €174,858 | +€27,581 | +18.7% |
| Trade receivables | 40 | €120,793 | €55,400 | -€65,393 | -54.1% |
| Other amounts receivable | 41 | €26,484 | €119,459 | +€92,974 | +351.1% |
| Cash at bank and in hand | 54/58 | €4,705 | €19,596 | +€14,891 | +316.5% |
| Deferred charges and accrued income | 490/1 | €1,089 | €0 | -€1,089 | -100.0% |
| Total equity and liabilities | 10/49 | €655,213 | €356,837 | -€298,376 | -45.5% |
| Equity | 10/15 | €18,299 | €269,180 | +€250,881 | +1371.0% |
| Contributions | 10/11 | €99,500 | €99,500 | = | 0.0% |
| Capital | 10 | €99,500 | €99,500 | = | 0.0% |
| Issued capital | 100 | €99,500 | €99,500 | = | 0.0% |
| Reserves | 13 | €223,884 | €223,884 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,916 | €9,916 | = | 0.0% |
| Legal reserve | 130 | €9,916 | €9,916 | = | 0.0% |
| Distributable reserves | 133 | €213,969 | €213,969 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€305,086 | -€54,204 | +€250,881 | +82.2% |
| Amounts payable | 17/49 | €636,914 | €87,657 | -€549,257 | -86.2% |
| Amounts payable after more than one year | 17 | €7,607 | €1,559 | -€6,048 | -79.5% |
| Financial debts | 170/4 | €7,607 | €1,559 | -€6,048 | -79.5% |
| Amounts payable within one year | 42/48 | €629,307 | €86,098 | -€543,209 | -86.3% |
| Current portion of amounts payable after more than one year | 42 | €9,901 | €6,048 | -€3,853 | -38.9% |
| Trade debts | 44 | €347,891 | €31,618 | -€316,273 | -90.9% |
| Suppliers | 440/4 | €347,891 | €31,618 | -€316,273 | -90.9% |
| Taxes, remuneration and social security | 45 | €6,800 | €41,918 | +€35,118 | +516.4% |
| Taxes | 450/3 | - | €41,918 | +€41,918 | |
| Remuneration and social security | 454/9 | €6,800 | €0 | -€6,800 | -100.0% |
| Other amounts payable | 47/48 | €264,715 | €6,514 | -€258,201 | -97.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €122,939 | +€122,939 | |
| Remuneration, social security and pensions | 62 | €59,913 | €81,422 | +€21,509 | +35.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €138,111 | €170,376 | +€32,265 | +23.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €347 | +€347 | |
| Other operating charges | 640/8 | €17,336 | €8,313 | -€9,023 | -52.0% |
| Non-recurring operating charges | 66A | €72,815 | €33,042 | -€39,773 | -54.6% |
| Gross operating margin | 9900 | €144,764 | €593,718 | +€448,954 | +310.1% |
| Operating profit (loss) | 9901 | -€143,411 | €300,218 | +€443,628 | |
| Financial income | 75/76B | €1,048 | €1,600 | +€551 | +52.6% |
| Recurring financial income | 75 | €1,048 | €1,600 | +€551 | +52.6% |
| Financial charges | 65/66B | €23,327 | €9,921 | -€13,405 | -57.5% |
| Recurring financial charges | 65 | €23,327 | €9,921 | -€13,405 | -57.5% |
| Profit (loss) for the period before taxes | 9903 | -€165,689 | €291,896 | +€457,585 | |
| Income taxes | 67/77 | €3,136 | €41,014 | +€37,878 | +1207.9% |
| Profit (loss) for the period | 9904 | -€168,825 | €250,881 | +€419,707 | |
| Profit (loss) for the period to be appropriated | 9905 | -€168,825 | €250,881 | +€419,707 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.