Boeckmans Ship Management: what changed
What changed
Boeckmans Ship Management
NACE 52.250, Logistics services
filed annual accounts (NBB)
Net result for the year
-€159,636
2024 · €1,957-€161,593
Equity
€103,294
2024 · €81,530+€21,764
Cash
€244,930
2024 · €149,836+€95,094
Balance sheet total
€303,623
2024 · €347,764-€44,141
Largest movements
Assets
- Receivables within one year -€161,035
down €161,035 (-84.1%), from €191,449 to €30,414
of which Trade receivables: -€157,866
- Cash +€95,094
up €95,094 (+63.5%), from €149,836 to €244,930
mainly Contributions, distributions and other (+€181,400) and Receivables within one year (+€161,035)
- Deferred charges and accrued income +€24,572
up €24,572 (+723%), from €3,400 to €27,972
Equity and liabilities
- Contributions +€181,400
up €181,400 (+975%), from €18,600 to €200,000
- Profit (loss) carried forward -€98,566
new in 2025: -€98,566
- Trade debts -€93,710
down €93,710 (-43.1%), from €217,178 to €123,468
- Reserves -€61,070
down €61,070 (-97.0%), from €62,930 to €1,860
of which Distributable reserves: -€61,070
- Tax, wage and social debts +€13,980
up €13,980 (+66.1%), from €21,142 to €35,122
of which Remuneration and social security: +€17,454
Income statement
- Other operating income -€242,381
down €242,381 (-26.4%), from €916,930 to €674,549
- Services and other goods -€225,407
down €225,407 (-7.9%), from €2.8m to €2.6m
- Turnover -€125,732
down €125,732 (-6.1%), from €2.1m to €1.9m
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€1,957
Turnover
-€125,732
Other operating income
-€242,381
Goods and materials
-€2,248
Services and other goods
+€225,407
Staff costs
-€19,589
Depreciation
+€485
Other operating charges
-€12
Financial income
+€235
Financial charges
-€337
Taxes
+€2,577
Result 2025
-€159,636
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€86,291
Investment
€0
Financing
+€181,384
Cash 2024
€149,836
From operations (derived)
-€86,291
Net result for the year
-€159,636
Depreciation
+€361
Stocks and contracts
+€2,410
Receivables within one year
+€161,035
Deferred charges and accrued income
-€24,572
Trade debts
-€93,710
Tax, wage and social debts
+€13,980
Accrued charges and deferred income
+€13,841
Financing
+€181,384
Current portion of long-term debt
-€16
Contributions, distributions and other
+€181,400
Cash 2025
€244,930
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €347,764 | €303,623 | -€44,141 | -12.7% |
| Fixed assets | 21/28 | €669 | €308 | -€361 | -54.0% |
| Tangible fixed assets | 22/27 | €669 | €308 | -€361 | -54.0% |
| Plant, machinery and equipment | 23 | €669 | €308 | -€361 | -54.0% |
| Current assets | 29/58 | €347,095 | €303,316 | -€43,780 | -12.6% |
| Stocks and contracts in progress | 3 | €2,410 | - | -€2,410 | |
| Stocks | 30/36 | €2,410 | - | -€2,410 | |
| Goods purchased for resale | 34 | €2,410 | - | -€2,410 | |
| Amounts receivable within one year | 40/41 | €191,449 | €30,414 | -€161,035 | -84.1% |
| Trade receivables | 40 | €184,434 | €26,568 | -€157,866 | -85.6% |
| Other amounts receivable | 41 | €7,015 | €3,846 | -€3,169 | -45.2% |
| Cash at bank and in hand | 54/58 | €149,836 | €244,930 | +€95,094 | +63.5% |
| Deferred charges and accrued income | 490/1 | €3,400 | €27,972 | +€24,572 | +723% |
| Total equity and liabilities | 10/49 | €347,764 | €303,623 | -€44,141 | -12.7% |
| Equity | 10/15 | €81,530 | €103,294 | +€21,764 | +26.7% |
| Contributions | 10/11 | €18,600 | €200,000 | +€181,400 | +975% |
| Reserves | 13 | €62,930 | €1,860 | -€61,070 | -97.0% |
| 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 | €61,070 | - | -€61,070 | |
| Profit (loss) carried forward | 14 | - | -€98,566 | -€98,566 | |
| Amounts payable | 17/49 | €266,234 | €200,330 | -€65,904 | -24.8% |
| Amounts payable within one year | 42/48 | €257,363 | €177,618 | -€79,745 | -31.0% |
| Current portion of amounts payable after more than one year | 42 | €19,044 | €19,028 | -€16 | -0.1% |
| Trade debts | 44 | €217,178 | €123,468 | -€93,710 | -43.1% |
| Suppliers | 440/4 | €217,178 | €123,468 | -€93,710 | -43.1% |
| Taxes, remuneration and social security | 45 | €21,142 | €35,122 | +€13,980 | +66.1% |
| Taxes | 450/3 | €8,375 | €4,902 | -€3,473 | -41.5% |
| Remuneration and social security | 454/9 | €12,767 | €30,220 | +€17,454 | +137% |
| Accrued charges and deferred income | 492/3 | €8,871 | €22,712 | +€13,841 | +156% |
| Operating income | 70/76A | €2,988,885 | €2,620,772 | -€368,112 | -12.3% |
| Turnover | 70 | €2,071,955 | €1,946,223 | -€125,732 | -6.1% |
| Other operating income | 74 | €916,930 | €674,549 | -€242,381 | -26.4% |
| Operating charges | 60/66A | €2,981,302 | €2,777,259 | -€204,044 | -6.8% |
| Goods for resale, raw materials and consumables | 60 | €163 | €2,410 | +€2,248 | +1,381% |
| Change in stocks: decrease (increase) | 609 | €163 | €2,410 | +€2,248 | +1,381% |
| Services and other goods | 61 | €2,848,268 | €2,622,860 | -€225,407 | -7.9% |
| Remuneration, social security and pensions | 62 | €131,908 | €151,497 | +€19,589 | +14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €846 | €361 | -€485 | -57.3% |
| Other operating charges | 640/8 | €118 | €130 | +€12 | +10.2% |
| Operating profit (loss) | 9901 | €7,582 | -€156,486 | -€164,069 | |
| Financial income | 75/76B | €166 | €401 | +€235 | +142% |
| Recurring financial income | 75 | €166 | €401 | +€235 | +142% |
| Other financial income | 752/9 | €166 | €401 | +€235 | +142% |
| Financial charges | 65/66B | €3,024 | €3,361 | +€337 | +11.1% |
| Recurring financial charges | 65 | €3,024 | €3,361 | +€337 | +11.1% |
| Debt charges | 650 | €528 | €333 | -€196 | -37.0% |
| Other financial charges | 652/9 | €2,496 | €3,028 | +€532 | +21.3% |
| Profit (loss) for the period before taxes | 9903 | €4,724 | -€159,446 | -€164,170 | |
| Income taxes | 67/77 | €2,767 | €190 | -€2,577 | -93.1% |
| Taxes | 670/3 | €2,767 | €190 | -€2,577 | -93.1% |
| Profit (loss) for the period | 9904 | €1,957 | -€159,636 | -€161,593 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,957 | -€159,636 | -€161,593 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.