NV CARGO: 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.
NV CARGO
Largest movements
- Receivables within one year +€1.8m
up €1.8m (+139.8%), from €1.3m to €3.1m
of which Other amounts receivable: +€1.4m
- Cash +€501,095
up €501,095 (+42.0%), from €1.2m to €1.7m
mainly Other debts (+€1.9m) and Trade debts (+€851,972)
- Financial fixed assets +€187,878
up €187,878 (+101.6%), from €184,855 to €372,733
- Other debts +€1.9m
up €1.9m (+14651.9%), from €13,144 to €1.9m
- Trade debts +€851,972
up €851,972 (+42.8%), from €2.0m to €2.8m
- Advances received -€129,303
no longer reported in 2025 (was €129,303)
- Tax, wage and social debts -€117,455
down €117,455 (-85.2%), from €137,823 to €20,368
of which Taxes: -€63,733
- Accrued charges and deferred income -€58,438
down €58,438 (-56.5%), from €103,438 to €45,000
- Turnover -€20.3m
no longer reported in 2025 (was €20.3m)
- Purchases and services -€20.3m
no longer reported in 2025 (was €20.3m)
- Staff costs -€224,143
down €224,143 (-41.5%), from €539,758 to €315,616
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 | €2,698,977 | €5,187,735 | +€2.5m | +92.2% |
| Fixed assets | 21/28 | €210,343 | €387,479 | +€177,136 | +84.2% |
| Tangible fixed assets | 22/27 | €25,488 | €14,746 | -€10,741 | -42.1% |
| Plant, machinery and equipment | 23 | €25,488 | €14,746 | -€10,741 | -42.1% |
| Financial fixed assets | 28 | €184,855 | €372,733 | +€187,878 | +101.6% |
| Current assets | 29/58 | €2,488,634 | €4,800,256 | +€2.3m | +92.9% |
| Amounts receivable within one year | 40/41 | €1,295,179 | €3,105,706 | +€1.8m | +139.8% |
| Trade receivables | 40 | €842,538 | €1,274,519 | +€431,981 | +51.3% |
| Other amounts receivable | 41 | €452,641 | €1,831,186 | +€1.4m | +304.6% |
| Cash at bank and in hand | 54/58 | €1,193,455 | €1,694,550 | +€501,095 | +42.0% |
| Total equity and liabilities | 10/49 | €2,698,977 | €5,187,735 | +€2.5m | +92.2% |
| Equity | 10/15 | €323,375 | €339,516 | +€16,141 | +5.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €303,375 | €319,516 | +€16,141 | +5.3% |
| Amounts payable | 17/49 | €2,375,602 | €4,848,219 | +€2.5m | +104.1% |
| Amounts payable within one year | 42/48 | €2,272,164 | €4,803,219 | +€2.5m | +111.4% |
| Trade debts | 44 | €1,991,894 | €2,843,867 | +€851,972 | +42.8% |
| Suppliers | 440/4 | €1,991,894 | €2,843,867 | +€851,972 | +42.8% |
| Advances received on contracts in progress | 46 | €129,303 | - | -€129,303 | |
| Taxes, remuneration and social security | 45 | €137,823 | €20,368 | -€117,455 | -85.2% |
| Taxes | 450/3 | €70,003 | €6,270 | -€63,733 | -91.0% |
| Remuneration and social security | 454/9 | €67,820 | €14,098 | -€53,722 | -79.2% |
| Other amounts payable | 47/48 | €13,144 | €1,938,985 | +€1.9m | +14651.9% |
| Accrued charges and deferred income | 492/3 | €103,438 | €45,000 | -€58,438 | -56.5% |
| Turnover | 70 | €20,275,571 | - | -€20.3m | |
| Goods, raw materials, services and sundry goods | 60/61 | €20,275,571 | - | -€20.3m | |
| Remuneration, social security and pensions | 62 | €539,758 | €315,616 | -€224,143 | -41.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,891 | €10,741 | +€8,850 | +468.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €11,862 | - | -€11,862 | |
| Other operating charges | 640/8 | €200,259 | €358,716 | +€158,458 | +79.1% |
| Gross operating margin | 9900 | €744,055 | €727,268 | -€16,787 | -2.3% |
| Operating profit (loss) | 9901 | -€9,715 | €42,195 | +€51,909 | |
| Financial income | 75/76B | €64 | €3,301 | +€3,237 | +5045.5% |
| Recurring financial income | 75 | €64 | €3,301 | +€3,237 | +5045.5% |
| Financial charges | 65/66B | €26,427 | €26,848 | +€421 | +1.6% |
| Recurring financial charges | 65 | €26,427 | €26,848 | +€421 | +1.6% |
| Profit (loss) for the period before taxes | 9903 | -€36,077 | €18,648 | +€54,726 | |
| Income taxes | 67/77 | - | €17,400 | +€17,400 | |
| Profit (loss) for the period | 9904 | -€36,077 | €1,248 | +€37,326 | |
| Profit (loss) for the period to be appropriated | 9905 | -€36,077 | €1,248 | +€37,326 |
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 8 October 2026 via checked.be.