New Cargo Performance: 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.
New Cargo Performance
Largest movements
- Receivables within one year -€14,502
down €14,502 (-26.7%), from €54,387 to €39,885
of which Trade receivables: -€14,502
- Cash +€13,693
up €13,693 (+217.7%), from €6,291 to €19,984
mainly Receivables within one year (+€14,502) and Tax, wage and social debts (+€6,670)
- Stocks and contracts -€2,610
down €2,610 (-21.6%), from €12,110 to €9,500
- Tangible fixed assets -€1,808
down €1,808 (-6.3%), from €28,890 to €27,082
- Trade debts -€15,896
down €15,896 (-52.2%), from €30,435 to €14,539
- Tax, wage and social debts +€6,670
up €6,670 (+88.6%), from €7,525 to €14,195
- Profit (loss) carried forward +€4,107
up €4,107 (+5.9%), from €69,930 to €74,037
- Gross operating margin -€30,280
down €30,280 (-63.0%), from €48,040 to €17,760
- Taxes +€10,728
new in 2025: €10,728
- Financial income +€622
up €622 (+89.4%), from €696 to €1,318
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 | €110,990 | €105,871 | -€5,119 | -4.6% |
| Fixed assets | 21/28 | €38,202 | €36,502 | -€1,700 | -4.5% |
| Tangible fixed assets | 22/27 | €28,890 | €27,082 | -€1,808 | -6.3% |
| Other tangible fixed assets | 26 | €28,890 | €27,082 | -€1,808 | -6.3% |
| Financial fixed assets | 28 | €9,312 | €9,420 | +€108 | +1.2% |
| Current assets | 29/58 | €72,788 | €69,369 | -€3,419 | -4.7% |
| Stocks and contracts in progress | 3 | €12,110 | €9,500 | -€2,610 | -21.6% |
| Stocks | 30/36 | €12,110 | €9,500 | -€2,610 | -21.6% |
| Amounts receivable within one year | 40/41 | €54,387 | €39,885 | -€14,502 | -26.7% |
| Trade receivables | 40 | €42,277 | €27,775 | -€14,502 | -34.3% |
| Other amounts receivable | 41 | €12,110 | €12,110 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €6,291 | €19,984 | +€13,693 | +217.7% |
| Total equity and liabilities | 10/49 | €110,990 | €105,871 | -€5,119 | -4.6% |
| Equity | 10/15 | €73,030 | €77,137 | +€4,107 | +5.6% |
| Contributions | 10/11 | €3,100 | €3,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €69,930 | €74,037 | +€4,107 | +5.9% |
| Amounts payable | 17/49 | €37,960 | €28,734 | -€9,226 | -24.3% |
| Amounts payable within one year | 42/48 | €37,960 | €28,734 | -€9,226 | -24.3% |
| Trade debts | 44 | €30,435 | €14,539 | -€15,896 | -52.2% |
| Suppliers | 440/4 | €30,435 | €14,539 | -€15,896 | -52.2% |
| Taxes, remuneration and social security | 45 | €7,525 | €14,195 | +€6,670 | +88.6% |
| Taxes | 450/3 | €7,525 | €14,195 | +€6,670 | +88.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,808 | €1,808 | = | 0.0% |
| Other operating charges | 640/8 | €2,098 | €1,745 | -€353 | -16.8% |
| Gross operating margin | 9900 | €48,040 | €17,760 | -€30,280 | -63.0% |
| Operating profit (loss) | 9901 | €44,134 | €14,207 | -€29,927 | -67.8% |
| Financial income | 75/76B | €696 | €1,318 | +€622 | +89.4% |
| Recurring financial income | 75 | €696 | €1,318 | +€622 | +89.4% |
| Financial charges | 65/66B | €636 | €690 | +€54 | +8.5% |
| Recurring financial charges | 65 | €636 | €690 | +€54 | +8.5% |
| Profit (loss) for the period before taxes | 9903 | €44,194 | €14,835 | -€29,359 | -66.4% |
| Income taxes | 67/77 | - | €10,728 | +€10,728 | |
| Profit (loss) for the period | 9904 | €44,194 | €4,107 | -€40,087 | -90.7% |
| Profit (loss) for the period to be appropriated | 9905 | €44,194 | €4,107 | -€40,087 | -90.7% |
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 1 October 2026 via checked.be.