KARGO: what changed
Two fiscal 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.
KARGO
Largest movements
- Cash -€214
down €214 (-8.9%), from €2,410 to €2,196
mainly Net result for the year (-€214)
- Profit (loss) carried forward -€214
down €214 (-0.1%), from -€340,078 to -€340,293
- Gross operating margin +€1,348
up €1,348, from -€898 to €450
- Financial charges -€150
down €150 (-77.0%), from €195 to €45
- Other operating charges +€12
up €12 (+2.0%), from €607 to €620
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 | €2,410 | €2,196 | -€214 | -8.9% |
| Current assets | 29/58 | €2,410 | €2,196 | -€214 | -8.9% |
| Cash at bank and in hand | 54/58 | €2,410 | €2,196 | -€214 | -8.9% |
| Total equity and liabilities | 10/49 | €2,410 | €2,196 | -€214 | -8.9% |
| Equity | 10/15 | -€305,822 | -€306,036 | -€214 | -0.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €15,656 | €15,656 | = | 0.0% |
| Tax-exempt reserves | 132 | €13,796 | €13,796 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€340,078 | -€340,293 | -€214 | -0.1% |
| Amounts payable | 17/49 | €308,232 | €308,232 | = | 0.0% |
| Amounts payable within one year | 42/48 | €308,232 | €308,232 | = | 0.0% |
| Other amounts payable | 47/48 | €308,232 | €308,232 | = | 0.0% |
| Other operating charges | 640/8 | €607 | €620 | +€12 | +2.0% |
| Gross operating margin | 9900 | -€898 | €450 | +€1,348 | |
| Operating profit (loss) | 9901 | -€1,505 | -€169 | +€1,336 | +88.7% |
| Financial charges | 65/66B | €195 | €45 | -€150 | -77.0% |
| Recurring financial charges | 65 | €195 | €45 | -€150 | -77.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,700 | -€214 | +€1,486 | +87.4% |
| Profit (loss) for the period | 9904 | -€1,700 | -€214 | +€1,486 | +87.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,700 | -€214 | +€1,486 | +87.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.