PC 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.
PC CARGO
Largest movements
- Receivables within one year +€745,225
up €745,225 (+2,727%), from €27,324 to €772,548
of which Trade receivables: +€667,963
- Cash +€365,594
up €365,594 (+474%), from €77,116 to €442,710
mainly Other debts (+€686,013) and Net result for the year (+€448,287)
- Other debts +€686,013
up €686,013 (+160%), from €429,555 to €1.1m
- Profit (loss) carried forward +€448,287
up €448,287 (+94.4%), from -€475,041 to -€26,754
- Trade debts -€59,076
down €59,076 (-41.3%), from €142,889 to €83,813
of which Bills of exchange payable: -€35,847
- Tax, wage and social debts +€36,540
up €36,540 (+60.6%), from €60,298 to €96,838
of which Remuneration and social security: +€50,315
- Gross operating margin +€974,833
up €974,833, from -€185,589 to €789,245
- Staff costs +€89,296
up €89,296 (+35.8%), from €249,242 to €338,538
- Other operating charges -€36,705
down €36,705 (-99.0%), from €37,075 to €369
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.
Derived cash bridge
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 | €160,700 | €1,272,465 | +€1.1m | +692% |
| Fixed assets | 21/28 | €54,440 | €57,206 | +€2,766 | +5.1% |
| Tangible fixed assets | 22/27 | €4,883 | €4,349 | -€534 | -10.9% |
| Furniture and vehicles | 24 | €4,883 | €4,349 | -€534 | -10.9% |
| Financial fixed assets | 28 | €49,557 | €52,857 | +€3,300 | +6.7% |
| Current assets | 29/58 | €106,260 | €1,215,259 | +€1.1m | +1,044% |
| Amounts receivable within one year | 40/41 | €27,324 | €772,548 | +€745,225 | +2,727% |
| Trade receivables | 40 | - | €667,963 | +€667,963 | |
| Other amounts receivable | 41 | €27,324 | €104,585 | +€77,262 | +283% |
| Cash at bank and in hand | 54/58 | €77,116 | €442,710 | +€365,594 | +474% |
| Deferred charges and accrued income | 490/1 | €1,820 | €0 | -€1,820 | -100% |
| Total equity and liabilities | 10/49 | €160,700 | €1,272,465 | +€1.1m | +692% |
| Equity | 10/15 | -€472,041 | -€23,754 | +€448,287 | +95.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€475,041 | -€26,754 | +€448,287 | +94.4% |
| Amounts payable | 17/49 | €632,741 | €1,296,219 | +€663,478 | +105% |
| Amounts payable within one year | 42/48 | €632,741 | €1,296,219 | +€663,478 | +105% |
| Trade debts | 44 | €142,889 | €83,813 | -€59,076 | -41.3% |
| Suppliers | 440/4 | €107,041 | €83,813 | -€23,228 | -21.7% |
| Bills of exchange payable | 441 | €35,847 | - | -€35,847 | |
| Taxes, remuneration and social security | 45 | €60,298 | €96,838 | +€36,540 | +60.6% |
| Taxes | 450/3 | €13,775 | €0 | -€13,775 | -100% |
| Remuneration and social security | 454/9 | €46,523 | €96,838 | +€50,315 | +108% |
| Other amounts payable | 47/48 | €429,555 | €1,115,568 | +€686,013 | +160% |
| Remuneration, social security and pensions | 62 | €249,242 | €338,538 | +€89,296 | +35.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €988 | €1,360 | +€372 | +37.7% |
| Other operating charges | 640/8 | €37,075 | €369 | -€36,705 | -99.0% |
| Gross operating margin | 9900 | -€185,589 | €789,245 | +€974,833 | |
| Operating profit (loss) | 9901 | -€472,893 | €448,978 | +€921,871 | |
| Financial income | 75/76B | - | €6 | +€6 | |
| Recurring financial income | 75 | - | €6 | +€6 | |
| Financial charges | 65/66B | €2,148 | €697 | -€1,451 | -67.6% |
| Recurring financial charges | 65 | €2,148 | €697 | -€1,451 | -67.6% |
| Profit (loss) for the period before taxes | 9903 | -€475,041 | €448,287 | +€923,328 | |
| Profit (loss) for the period | 9904 | -€475,041 | €448,287 | +€923,328 | |
| Profit (loss) for the period to be appropriated | 9905 | -€475,041 | €448,287 | +€923,328 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.