BARGO SHIPPING: 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.
BARGO SHIPPING
Largest movements
- Tangible fixed assets +€155,788
up €155,788 (+19.7%), from €791,513 to €947,302
of which Plant, machinery and equipment: +€141,714
- Receivables within one year -€10,251
down €10,251 (-24.2%), from €42,318 to €32,067
of which Trade receivables: -€9,115
- Accrued charges and deferred income -€230,220
no longer reported in 2024 (was €230,220)
- Debts after one year +€167,139
up €167,139 (+79.6%), from €210,004 to €377,143
- Other debts +€123,242
up €123,242 (+66.9%), from €184,205 to €307,447
- Trade debts +€52,971
up €52,971 (+535%), from €9,907 to €62,878
- Reserves +€30,974
up €30,974 (+22.5%), from €137,886 to €168,860
of which Distributable reserves: +€30,974
- Depreciation +€29,390
up €29,390 (+19.7%), from €149,263 to €178,653
- Financial income +€24,942
up €24,942 (+1,799%), from €1,386 to €26,328
- Gross operating margin +€10,444
up €10,444 (+5.3%), from €197,832 to €208,275
- Financial charges +€4,899
up €4,899 (+60.3%), from €8,124 to €13,024
- Staff costs -€3,788
down €3,788 (-45.2%), from €8,378 to €4,590
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €860,851 | €1,009,748 | +€148,897 | +17.3% |
| Fixed assets | 21/28 | €791,513 | €947,302 | +€155,788 | +19.7% |
| Tangible fixed assets | 22/27 | €791,513 | €947,302 | +€155,788 | +19.7% |
| Plant, machinery and equipment | 23 | €778,997 | €920,711 | +€141,714 | +18.2% |
| Furniture and vehicles | 24 | €12,516 | €26,590 | +€14,074 | +112% |
| Current assets | 29/58 | €69,338 | €62,446 | -€6,892 | -9.9% |
| Amounts receivable within one year | 40/41 | €42,318 | €32,067 | -€10,251 | -24.2% |
| Trade receivables | 40 | €25,383 | €16,268 | -€9,115 | -35.9% |
| Other amounts receivable | 41 | €16,935 | €15,800 | -€1,136 | -6.7% |
| Cash at bank and in hand | 54/58 | €21,522 | €25,838 | +€4,316 | +20.1% |
| Deferred charges and accrued income | 490/1 | €5,498 | €4,541 | -€957 | -17.4% |
| Total equity and liabilities | 10/49 | €860,851 | €1,009,748 | +€148,897 | +17.3% |
| Equity | 10/15 | €156,486 | €187,460 | +€30,974 | +19.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €137,886 | €168,860 | +€30,974 | +22.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €136,026 | €167,000 | +€30,974 | +22.8% |
| Amounts payable | 17/49 | €704,365 | €822,288 | +€117,923 | +16.7% |
| Amounts payable after more than one year | 17 | €210,004 | €377,143 | +€167,139 | +79.6% |
| Financial debts | 170/4 | €210,004 | €377,143 | +€167,139 | +79.6% |
| Amounts payable within one year | 42/48 | €264,141 | €445,145 | +€181,004 | +68.5% |
| Current portion of amounts payable after more than one year | 42 | €65,000 | €62,857 | -€2,143 | -3.3% |
| Financial debts | 43 | €44 | - | -€44 | |
| Credit institutions | 430/8 | €44 | - | -€44 | |
| Trade debts | 44 | €9,907 | €62,878 | +€52,971 | +535% |
| Suppliers | 440/4 | €9,907 | €62,878 | +€52,971 | +535% |
| Advances received on contracts in progress | 46 | €216 | €7,063 | +€6,847 | +3,171% |
| Taxes, remuneration and social security | 45 | €4,768 | €4,900 | +€132 | +2.8% |
| Taxes | 450/3 | €4,157 | €4,506 | +€350 | +8.4% |
| Remuneration and social security | 454/9 | €612 | €394 | -€217 | -35.5% |
| Other amounts payable | 47/48 | €184,205 | €307,447 | +€123,242 | +66.9% |
| Accrued charges and deferred income | 492/3 | €230,220 | - | -€230,220 | |
| Remuneration, social security and pensions | 62 | €8,378 | €4,590 | -€3,788 | -45.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €149,263 | €178,653 | +€29,390 | +19.7% |
| Other operating charges | 640/8 | €1,870 | €1,800 | -€70 | -3.7% |
| Gross operating margin | 9900 | €197,832 | €208,275 | +€10,444 | +5.3% |
| Operating profit (loss) | 9901 | €38,321 | €23,233 | -€15,088 | -39.4% |
| Financial income | 75/76B | €1,386 | €26,328 | +€24,942 | +1,799% |
| Recurring financial income | 75 | €1,386 | €26,328 | +€24,942 | +1,799% |
| Financial charges | 65/66B | €8,124 | €13,024 | +€4,899 | +60.3% |
| Recurring financial charges | 65 | €8,124 | €13,024 | +€4,899 | +60.3% |
| Profit (loss) for the period before taxes | 9903 | €31,583 | €36,537 | +€4,954 | +15.7% |
| Income taxes | 67/77 | €8,889 | €5,564 | -€3,326 | -37.4% |
| Profit (loss) for the period | 9904 | €22,694 | €30,974 | +€8,280 | +36.5% |
| Profit (loss) for the period to be appropriated | 9905 | €22,694 | €30,974 | +€8,280 | +36.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.