CELKO 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.
CELKO SHIPPING
Largest movements
- Tangible fixed assets +€26,691
up €26,691 (+192%), from €13,916 to €40,607
of which Furniture and vehicles: +€25,049
- Receivables within one year -€19,915
down €19,915 (-32.8%), from €60,675 to €40,760
of which Trade receivables: -€23,146
- Cash -€19,013
down €19,013 (-17.8%), from €106,922 to €87,909
mainly Debts after one year (-€42,301) and Investment in fixed assets (net) (-€34,323)
- Reserves +€92,499
up €92,499 (+16.7%), from €553,798 to €646,297
- Debts after one year -€42,301
down €42,301 (-10.7%), from €396,143 to €353,842
- Tax, wage and social debts -€31,007
down €31,007 (-99.1%), from €31,276 to €269
- Trade debts -€29,123
down €29,123 (-48.5%), from €60,062 to €30,939
- Financial charges -€12,408
down €12,408 (-36.3%), from €34,143 to €21,734
- Staff costs +€6,120
up €6,120 (+86.4%), from €7,081 to €13,201
- Gross operating margin +€4,874
up €4,874 (+3.1%), from €157,259 to €162,133
- Depreciation +€2,600
up €2,600 (+51.7%), from €5,031 to €7,632
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 | €1,413,066 | €1,403,100 | -€9,966 | -0.7% |
| Fixed assets | 21/28 | €1,241,455 | €1,268,147 | +€26,691 | +2.2% |
| Tangible fixed assets | 22/27 | €13,916 | €40,607 | +€26,691 | +192% |
| Plant, machinery and equipment | 23 | €13,916 | €15,558 | +€1,642 | +11.8% |
| Furniture and vehicles | 24 | - | €25,049 | +€25,049 | |
| Financial fixed assets | 28 | €1,227,539 | €1,227,539 | = | 0.0% |
| Current assets | 29/58 | €171,611 | €134,954 | -€36,657 | -21.4% |
| Amounts receivable within one year | 40/41 | €60,675 | €40,760 | -€19,915 | -32.8% |
| Trade receivables | 40 | €55,176 | €32,030 | -€23,146 | -41.9% |
| Other amounts receivable | 41 | €5,499 | €8,731 | +€3,231 | +58.8% |
| Cash at bank and in hand | 54/58 | €106,922 | €87,909 | -€19,013 | -17.8% |
| Deferred charges and accrued income | 490/1 | €4,014 | €6,285 | +€2,271 | +56.6% |
| Total equity and liabilities | 10/49 | €1,413,066 | €1,403,100 | -€9,966 | -0.7% |
| Equity | 10/15 | €803,798 | €896,297 | +€92,499 | +11.5% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €553,798 | €646,297 | +€92,499 | +16.7% |
| Distributable reserves | 133 | €553,798 | €646,297 | +€92,499 | +16.7% |
| Amounts payable | 17/49 | €609,268 | €506,803 | -€102,465 | -16.8% |
| Amounts payable after more than one year | 17 | €396,143 | €353,842 | -€42,301 | -10.7% |
| Financial debts | 170/4 | €396,143 | €353,842 | -€42,301 | -10.7% |
| Amounts payable within one year | 42/48 | €213,125 | €152,962 | -€60,163 | -28.2% |
| Current portion of amounts payable after more than one year | 42 | €111,429 | €111,429 | = | 0.0% |
| Financial debts | 43 | €10,212 | €10,180 | -€33 | -0.3% |
| Credit institutions | 430/8 | €10,212 | €10,180 | -€33 | -0.3% |
| Trade debts | 44 | €60,062 | €30,939 | -€29,123 | -48.5% |
| Suppliers | 440/4 | €60,062 | €30,939 | -€29,123 | -48.5% |
| Taxes, remuneration and social security | 45 | €31,276 | €269 | -€31,007 | -99.1% |
| Taxes | 450/3 | €31,276 | €269 | -€31,007 | -99.1% |
| Other amounts payable | 47/48 | €146 | €146 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €7,081 | €13,201 | +€6,120 | +86.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,031 | €7,632 | +€2,600 | +51.7% |
| Other operating charges | 640/8 | €1,642 | €628 | -€1,014 | -61.8% |
| Gross operating margin | 9900 | €157,259 | €162,133 | +€4,874 | +3.1% |
| Operating profit (loss) | 9901 | €143,504 | €140,672 | -€2,832 | -2.0% |
| Financial income | 75/76B | €11 | €19 | +€7 | +65.6% |
| Recurring financial income | 75 | €11 | €19 | +€7 | +65.6% |
| Financial charges | 65/66B | €34,143 | €21,734 | -€12,408 | -36.3% |
| Recurring financial charges | 65 | €34,143 | €21,734 | -€12,408 | -36.3% |
| Profit (loss) for the period before taxes | 9903 | €109,373 | €118,957 | +€9,584 | +8.8% |
| Income taxes | 67/77 | €25,101 | €26,458 | +€1,357 | +5.4% |
| Profit (loss) for the period | 9904 | €84,272 | €92,499 | +€8,227 | +9.8% |
| Profit (loss) for the period to be appropriated | 9905 | €84,272 | €92,499 | +€8,227 | +9.8% |
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 17 October 2026 via checked.be.