NMBS/SNCB is an autonomous government company, formed in 1926 as successor to the Belgian State Railways. In 2005, the company was split up into three parts: Infrabel, which manages the railway infrastructure, network operations and network access, the public railway operator NMBS/SNCB itself to manage the freight (B-Cargo) and passenger services, and NMBS/SNCB-Holding, which owns both public companies and supervises the collaboration between them. Essentially, this was a move to facilitate future liberalisation of railway freight and passenger services in agreement with European regulations.