NOVA CARGO SERVICES: 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
NOVA CARGO SERVICES
NACE 52.250, Logistics services
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
€9,693
2025 · €67,825-€58,133
Equity
€454,270
2025 · €444,578+€9,693
Cash
€348,250
2025 · €151,519+€196,731
Balance sheet total
€2.7m
2025 · €2.5m+€246,105
Largest movements
Assets
- Cash +€196,731
up €196,731 (+130%), from €151,519 to €348,250
mainly Depreciation (+€205,589) and Trade debts (+€135,246)
- Tangible fixed assets +€124,855
up €124,855 (+17.2%), from €726,015 to €850,870
of which Leasing and similar rights: +€159,105
- Receivables within one year -€93,254
down €93,254 (-6.1%), from €1.5m to €1.4m
of which Other amounts receivable: -€63,938
Equity and liabilities
- Trade debts +€135,246
up €135,246 (+11.1%), from €1.2m to €1.3m
- Current portion of long-term debt +€100,534
up €100,534 (+68.7%), from €146,391 to €246,925
Income statement
- Turnover +€671,389
up €671,389 (+16.5%), from €4.1m to €4.8m
- Services and other goods +€525,580
up €525,580 (+16.4%), from €3.2m to €3.7m
- Staff costs +€165,655
up €165,655 (+18.5%), from €895,353 to €1.1m
From the 2025 result to the 2026 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 2025
€67,825
Turnover
+€671,389
Other operating income
-€4,910
Services and other goods
-€525,580
Staff costs
-€165,655
Depreciation
-€44,161
Other operating charges
-€2
Other operating items
+€13,530
Financial income
-€13
Financial charges
-€2,742
Taxes
+€11
Result 2026
€9,693
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€423,511
Investment
-€330,446
Financing
+€103,666
Cash 2025
€151,519
From operations (derived)
+€423,511
Net result for the year
+€9,693
Depreciation
+€205,589
Receivables within one year
+€93,254
Deferred charges and accrued income
-€17,771
Trade debts
+€135,246
Tax, wage and social debts
+€831
Other debts
-€3,330
Investment (derived)
-€330,446
Investment in fixed assets (net)
-€330,444
Current investments
-€2
Financing
+€103,666
Debts after one year
+€3,132
Current portion of long-term debt
+€100,534
Cash 2026
€348,250
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,451,022 | €2,697,128 | +€246,105 | +10.0% |
| Fixed assets | 21/28 | €726,515 | €851,370 | +€124,855 | +17.2% |
| Tangible fixed assets | 22/27 | €726,015 | €850,870 | +€124,855 | +17.2% |
| Furniture and vehicles | 24 | €354,932 | €320,682 | -€34,250 | -9.6% |
| Leasing and similar rights | 25 | €371,083 | €530,188 | +€159,105 | +42.9% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Other financial fixed assets | 284/8 | €500 | €500 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €1,724,508 | €1,845,758 | +€121,250 | +7.0% |
| Amounts receivable within one year | 40/41 | €1,527,871 | €1,434,617 | -€93,254 | -6.1% |
| Trade receivables | 40 | €1,393,080 | €1,363,764 | -€29,316 | -2.1% |
| Other amounts receivable | 41 | €134,791 | €70,854 | -€63,938 | -47.4% |
| Current investments | 50/53 | €25,079 | €25,080 | +€2 | 0.0% |
| Other investments | 51/53 | €25,079 | €25,080 | +€2 | 0.0% |
| Cash at bank and in hand | 54/58 | €151,519 | €348,250 | +€196,731 | +130% |
| Deferred charges and accrued income | 490/1 | €20,039 | €37,810 | +€17,771 | +88.7% |
| Total equity and liabilities | 10/49 | €2,451,022 | €2,697,128 | +€246,105 | +10.0% |
| Equity | 10/15 | €444,578 | €454,270 | +€9,693 | +2.2% |
| Contributions | 10/11 | €210,000 | €210,000 | = | 0.0% |
| Capital | 10 | €210,000 | €210,000 | = | 0.0% |
| Issued capital | 100 | €210,000 | €210,000 | = | 0.0% |
| Reserves | 13 | €75,849 | €75,849 | = | 0.0% |
| Non-distributable reserves | 130/1 | €21,000 | €21,000 | = | 0.0% |
| Legal reserve | 130 | €21,000 | €21,000 | = | 0.0% |
| Distributable reserves | 133 | €54,849 | €54,849 | = | 0.0% |
| Profit (loss) carried forward | 14 | €158,729 | €168,422 | +€9,693 | +6.1% |
| Amounts payable | 17/49 | €2,006,445 | €2,242,857 | +€236,412 | +11.8% |
| Amounts payable after more than one year | 17 | €529,207 | €532,339 | +€3,132 | +0.6% |
| Financial debts | 170/4 | €484,207 | €532,339 | +€48,132 | +9.9% |
| Leasing and similar obligations | 172 | €264,740 | €389,573 | +€124,833 | +47.2% |
| Credit institutions | 173 | €219,467 | €142,766 | -€76,701 | -34.9% |
| Other amounts payable | 178/9 | €45,000 | - | -€45,000 | |
| Amounts payable within one year | 42/48 | €1,477,238 | €1,710,519 | +€233,280 | +15.8% |
| Current portion of amounts payable after more than one year | 42 | €146,391 | €246,925 | +€100,534 | +68.7% |
| Trade debts | 44 | €1,214,312 | €1,349,558 | +€135,246 | +11.1% |
| Suppliers | 440/4 | €1,214,312 | €1,349,558 | +€135,246 | +11.1% |
| Taxes, remuneration and social security | 45 | €110,900 | €111,731 | +€831 | +0.7% |
| Taxes | 450/3 | €10,098 | €9,889 | -€209 | -2.1% |
| Remuneration and social security | 454/9 | €100,802 | €101,841 | +€1,040 | +1.0% |
| Other amounts payable | 47/48 | €5,635 | €2,305 | -€3,330 | -59.1% |
| Operating income | 70/76A | €4,384,851 | €5,055,380 | +€670,529 | +15.3% |
| Turnover | 70 | €4,079,048 | €4,750,438 | +€671,389 | +16.5% |
| Other operating income | 74 | €244,101 | €239,191 | -€4,910 | -2.0% |
| Non-recurring operating income | 76A | €61,702 | €65,751 | +€4,050 | +6.6% |
| Operating charges | 60/66A | €4,286,119 | €5,012,036 | +€725,917 | +16.9% |
| Services and other goods | 61 | €3,200,885 | €3,726,465 | +€525,580 | +16.4% |
| Remuneration, social security and pensions | 62 | €895,353 | €1,061,009 | +€165,655 | +18.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €161,428 | €205,589 | +€44,161 | +27.4% |
| Other operating charges | 640/8 | €8,084 | €8,085 | +€2 | 0.0% |
| Non-recurring operating charges | 66A | €20,368 | €10,887 | -€9,481 | -46.5% |
| Operating profit (loss) | 9901 | €98,732 | €43,344 | -€55,389 | -56.1% |
| Financial income | 75/76B | €15 | €3 | -€13 | -83.1% |
| Recurring financial income | 75 | €15 | €3 | -€13 | -83.1% |
| Other financial income | 752/9 | €15 | €3 | -€13 | -83.1% |
| Financial charges | 65/66B | €30,267 | €33,010 | +€2,742 | +9.1% |
| Recurring financial charges | 65 | €30,267 | €33,010 | +€2,742 | +9.1% |
| Debt charges | 650 | €25,968 | €29,455 | +€3,488 | +13.4% |
| Other financial charges | 652/9 | €4,300 | €3,554 | -€745 | -17.3% |
| Profit (loss) for the period before taxes | 9903 | €68,480 | €10,337 | -€58,144 | -84.9% |
| Income taxes | 67/77 | €655 | €644 | -€11 | -1.6% |
| Taxes | 670/3 | €655 | €644 | -€11 | -1.6% |
| Profit (loss) for the period | 9904 | €67,825 | €9,693 | -€58,133 | -85.7% |
| Profit (loss) for the period to be appropriated | 9905 | €67,825 | €9,693 | -€58,133 | -85.7% |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.