Qargo Tech: 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.
Qargo Tech
Largest movements
- Cash +€278,497
up €278,497 (+150.8%), from €184,694 to €463,190
mainly Net result for the year (+€423,423) and Tax, wage and social debts (+€106,622)
- Receivables within one year +€208,389
up €208,389 (+35.8%), from €581,759 to €790,149
of which Trade receivables: +€398,892
- Tangible fixed assets +€78,382
up €78,382 (+27.7%), from €283,219 to €361,601
of which Furniture and vehicles: +€93,719
- Financial fixed assets -€40,080
down €40,080 (-100.0%), from €40,080 to €0
- Deferred charges and accrued income +€18,089
up €18,089 (+27.1%), from €66,629 to €84,718
- Profit (loss) carried forward +€423,423
up €423,423 (+58.9%), from €719,297 to €1.1m
- Tax, wage and social debts +€106,622
up €106,622 (+33.8%), from €315,390 to €422,012
of which Remuneration and social security: +€184,978
- Gross operating margin +€2.2m
up €2.2m (+81.1%), from €2.7m to €5.0m
- Staff costs +€1.9m
up €1.9m (+78.8%), from €2.4m to €4.3m
- Taxes +€77,698
up €77,698 (+87.6%), from €88,699 to €166,397
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 | €1,156,381 | €1,699,659 | +€543,277 | +47.0% |
| Fixed assets | 21/28 | €323,299 | €361,601 | +€38,303 | +11.8% |
| Tangible fixed assets | 22/27 | €283,219 | €361,601 | +€78,382 | +27.7% |
| Furniture and vehicles | 24 | €175,758 | €269,477 | +€93,719 | +53.3% |
| Other tangible fixed assets | 26 | €107,461 | €92,124 | -€15,337 | -14.3% |
| Financial fixed assets | 28 | €40,080 | €0 | -€40,080 | -100.0% |
| Current assets | 29/58 | €833,083 | €1,338,058 | +€504,975 | +60.6% |
| Amounts receivable within one year | 40/41 | €581,759 | €790,149 | +€208,389 | +35.8% |
| Trade receivables | 40 | €299,158 | €698,050 | +€398,892 | +133.3% |
| Other amounts receivable | 41 | €282,602 | €92,099 | -€190,503 | -67.4% |
| Cash at bank and in hand | 54/58 | €184,694 | €463,190 | +€278,497 | +150.8% |
| Deferred charges and accrued income | 490/1 | €66,629 | €84,718 | +€18,089 | +27.1% |
| Total equity and liabilities | 10/49 | €1,156,381 | €1,699,659 | +€543,277 | +47.0% |
| Equity | 10/15 | €769,297 | €1,192,720 | +€423,423 | +55.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €719,297 | €1,142,720 | +€423,423 | +58.9% |
| Amounts payable | 17/49 | €387,084 | €506,939 | +€119,855 | +31.0% |
| Amounts payable within one year | 42/48 | €385,847 | €492,406 | +€106,559 | +27.6% |
| Trade debts | 44 | €70,458 | €70,395 | -€63 | -0.1% |
| Suppliers | 440/4 | €70,458 | €70,395 | -€63 | -0.1% |
| Taxes, remuneration and social security | 45 | €315,390 | €422,012 | +€106,622 | +33.8% |
| Taxes | 450/3 | €89,753 | €11,397 | -€78,356 | -87.3% |
| Remuneration and social security | 454/9 | €225,636 | €410,614 | +€184,978 | +82.0% |
| Accrued charges and deferred income | 492/3 | €1,237 | €14,533 | +€13,296 | +1075.2% |
| Remuneration, social security and pensions | 62 | €2,386,151 | €4,267,542 | +€1.9m | +78.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,766 | €77,655 | +€30,889 | +66.0% |
| Other operating charges | 640/8 | €11,968 | €21,120 | +€9,153 | +76.5% |
| Gross operating margin | 9900 | €2,736,664 | €4,957,018 | +€2.2m | +81.1% |
| Operating profit (loss) | 9901 | €291,778 | €590,701 | +€298,922 | +102.4% |
| Financial income | 75/76B | €0 | €14 | +€14 | +3841.7% |
| Recurring financial income | 75 | €0 | €14 | +€14 | +3841.7% |
| Financial charges | 65/66B | €874 | €895 | +€21 | +2.5% |
| Recurring financial charges | 65 | €874 | €895 | +€21 | +2.5% |
| Profit (loss) for the period before taxes | 9903 | €290,905 | €589,820 | +€298,915 | +102.8% |
| Income taxes | 67/77 | €88,699 | €166,397 | +€77,698 | +87.6% |
| Profit (loss) for the period | 9904 | €202,206 | €423,423 | +€221,217 | +109.4% |
| Profit (loss) for the period to be appropriated | 9905 | €202,206 | €423,423 | +€221,217 | +109.4% |
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 9 October 2026 via checked.be.