CONTI-LINES: 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.
What changed
CONTI-LINES
NACE 50.200, Water transport
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€7.5m
2024 · €4.9m+€2.6m
Equity
€42.7m
2024 · €42.2m+€499,675
Cash
€9.4m
2024 · €4.4m+€4.9m
Balance sheet total
€106.4m
2024 · €117.6m-€11.3m
Largest movements
Assets
- Tangible fixed assets -€11.8m
down €11.8m (-14.3%), from €82.1m to €70.3m
of which Furniture and vehicles: -€11.8m
- Receivables within one year -€5.7m
down €5.7m (-26.7%), from €21.3m to €15.6m
of which Other amounts receivable: -€4.8m
- Cash +€4.9m
up €4.9m (+112%), from €4.4m to €9.4m
mainly Investment in fixed assets (net) (+€7.9m) and Net result for the year (+€7.5m)
- Deferred charges and accrued income +€3.4m
up €3.4m (+66.2%), from €5.1m to €8.6m
- Stocks and contracts -€2.2m
down €2.2m (-52.2%), from €4.1m to €2.0m
Equity and liabilities
- Other debts -€5.5m
down €5.5m (-44.2%), from €12.5m to €7.0m
- Debts after one year -€4.5m
down €4.5m (-10.2%), from €44.6m to €40.1m
- Accrued charges and deferred income +€3.2m
up €3.2m (+148%), from €2.2m to €5.4m
- Provisions -€2.9m
down €2.9m (-71.9%), from €4.1m to €1.1m
- Trade debts -€1.6m
down €1.6m (-28.9%), from €5.5m to €3.9m
Income statement
- Turnover -€12.0m
down €12.0m (-19.1%), from €62.9m to €50.9m
- Goods and materials -€10.0m
down €10.0m (-24.0%), from €41.5m to €31.6m
of which Purchases: -€12.8m
- Provisions -€4.1m
down €4.1m, from €1.2m to -€2.9m
- Services and other goods +€3.3m
up €3.3m (+32.1%), from €10.4m to €13.7m
- Depreciation +€1.4m
up €1.4m (+52.9%), from €2.6m to €4.0m
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.
Result 2024
€4.9m
Turnover
-€12.0m
Other operating income
+€748,618
Goods and materials
+€10.0m
Services and other goods
-€3.3m
Staff costs
-€81,138
Depreciation
-€1.4m
Write-downs
-€301,302
Provisions
+€4.1m
Other operating charges
-€241,442
Other operating items
+€5.8m
Financial income
+€738,571
Financial charges
-€1.2m
Taxes
-€190,409
Result 2025
€7.5m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€9.4m
Investment
+€7.8m
Financing
-€12.2m
Cash 2024
€4.4m
From operations (derived)
+€9.4m
Net result for the year
+€7.5m
Depreciation
+€4.0m
Stocks and contracts
+€2.2m
Receivables within one year
+€5.7m
Deferred charges and accrued income
-€3.4m
Provisions
-€2.9m
Trade debts
-€1.6m
Tax, wage and social debts
+€276,514
Other debts
-€5.5m
Accrued charges and deferred income
+€3.2m
Investment (derived)
+€7.8m
Investment in fixed assets (net)
+€7.9m
Current investments
-€126,627
Financing
-€12.2m
Debts after one year
-€4.5m
Current portion of long-term debt
-€655,834
Contributions, distributions and other
-€7.0m
Cash 2025
€9.4m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €117,642,739 | €106,386,871 | -€11.3m | -9.6% |
| Fixed assets | 21/28 | €82,448,610 | €70,560,190 | -€11.9m | -14.4% |
| Intangible fixed assets | 21 | €365,855 | €252,072 | -€113,783 | -31.1% |
| Tangible fixed assets | 22/27 | €82,076,372 | €70,301,735 | -€11.8m | -14.3% |
| Furniture and vehicles | 24 | €82,048,289 | €70,273,651 | -€11.8m | -14.4% |
| Other tangible fixed assets | 26 | €28,084 | €28,084 | +€0 | 0.0% |
| Financial fixed assets | 28 | €6,383 | €6,383 | +€0 | 0.0% |
| Other financial fixed assets | 284/8 | €6,383 | €6,383 | +€0 | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €6,383 | €6,383 | +€0 | 0.0% |
| Current assets | 29/58 | €35,194,129 | €35,826,681 | +€632,552 | +1.8% |
| Stocks and contracts in progress | 3 | €4,144,610 | €1,982,437 | -€2.2m | -52.2% |
| Stocks | 30/36 | €4,144,610 | €1,982,437 | -€2.2m | -52.2% |
| Goods purchased for resale | 34 | €4,144,610 | €1,982,437 | -€2.2m | -52.2% |
| Amounts receivable within one year | 40/41 | €21,308,222 | €15,626,884 | -€5.7m | -26.7% |
| Trade receivables | 40 | €4,521,192 | €3,599,243 | -€921,949 | -20.4% |
| Other amounts receivable | 41 | €16,787,031 | €12,027,641 | -€4.8m | -28.4% |
| Current investments | 50/53 | €179,257 | €305,884 | +€126,627 | +70.6% |
| Other investments | 51/53 | €179,257 | €305,884 | +€126,627 | +70.6% |
| Cash at bank and in hand | 54/58 | €4,417,059 | €9,361,424 | +€4.9m | +112% |
| Deferred charges and accrued income | 490/1 | €5,144,981 | €8,550,052 | +€3.4m | +66.2% |
| Total equity and liabilities | 10/49 | €117,642,739 | €106,386,871 | -€11.3m | -9.6% |
| Equity | 10/15 | €42,192,441 | €42,692,116 | +€499,675 | +1.2% |
| Contributions | 10/11 | €10,621,018 | €10,621,018 | -€0 | 0.0% |
| Capital | 10 | €2,371,800 | €2,371,800 | = | 0.0% |
| Issued capital | 100 | €2,371,800 | €2,371,800 | = | 0.0% |
| Contributions outside capital | 11 | €8,249,218 | €8,249,218 | -€0 | 0.0% |
| Share premium | 1100/10 | €8,249,218 | €8,249,218 | -€0 | 0.0% |
| Reserves | 13 | €237,180 | €237,180 | = | 0.0% |
| Non-distributable reserves | 130/1 | €237,180 | €237,180 | = | 0.0% |
| Legal reserve | 130 | €237,180 | €237,180 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,334,242 | €31,833,918 | +€499,676 | +1.6% |
| Provisions and deferred taxes | 16 | €4,067,903 | €1,144,886 | -€2.9m | -71.9% |
| Provisions for liabilities and charges | 160/5 | €4,067,903 | €1,144,886 | -€2.9m | -71.9% |
| Major repairs and maintenance | 162 | €3,310,924 | €387,907 | -€2.9m | -88.3% |
| Other liabilities and charges | 164/5 | €756,979 | €756,979 | +€0 | 0.0% |
| Amounts payable | 17/49 | €71,382,395 | €62,549,869 | -€8.8m | -12.4% |
| Amounts payable after more than one year | 17 | €44,641,042 | €40,095,682 | -€4.5m | -10.2% |
| Financial debts | 170/4 | €44,641,042 | €40,095,682 | -€4.5m | -10.2% |
| Credit institutions | 173 | €44,641,042 | €40,095,682 | -€4.5m | -10.2% |
| Amounts payable within one year | 42/48 | €24,569,954 | €17,059,825 | -€7.5m | -30.6% |
| Current portion of amounts payable after more than one year | 42 | €6,263,902 | €5,608,068 | -€655,834 | -10.5% |
| Trade debts | 44 | €5,495,095 | €3,908,283 | -€1.6m | -28.9% |
| Suppliers | 440/4 | €5,495,095 | €3,908,283 | -€1.6m | -28.9% |
| Taxes, remuneration and social security | 45 | €266,960 | €543,474 | +€276,514 | +104% |
| Taxes | 450/3 | €147,481 | €323,785 | +€176,304 | +120% |
| Remuneration and social security | 454/9 | €119,479 | €219,689 | +€100,210 | +83.9% |
| Other amounts payable | 47/48 | €12,543,997 | €7,000,000 | -€5.5m | -44.2% |
| Accrued charges and deferred income | 492/3 | €2,171,400 | €5,394,362 | +€3.2m | +148% |
| Operating income | 70/76A | €64,844,802 | €58,762,412 | -€6.1m | -9.4% |
| Turnover | 70 | €62,905,830 | €50,889,115 | -€12.0m | -19.1% |
| Other operating income | 74 | €1,938,972 | €2,687,590 | +€748,618 | +38.6% |
| Non-recurring operating income | 76A | - | €5,185,707 | +€5.2m | |
| Operating charges | 60/66A | €59,209,716 | €49,833,912 | -€9.4m | -15.8% |
| Goods for resale, raw materials and consumables | 60 | €41,518,793 | €31,554,508 | -€10.0m | -24.0% |
| Purchases | 600/8 | €42,217,199 | €29,392,335 | -€12.8m | -30.4% |
| Change in stocks: decrease (increase) | 609 | -€698,406 | €2,162,173 | +€2.9m | |
| Services and other goods | 61 | €10,369,613 | €13,695,117 | +€3.3m | +32.1% |
| Remuneration, social security and pensions | 62 | €1,247,283 | €1,328,421 | +€81,138 | +6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,623,013 | €4,009,473 | +€1.4m | +52.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €301,302 | +€301,302 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €1,178,060 | -€2,923,017 | -€4.1m | |
| Other operating charges | 640/8 | €1,625,894 | €1,867,336 | +€241,442 | +14.8% |
| Non-recurring operating charges | 66A | €647,062 | €772 | -€646,290 | -99.9% |
| Operating profit (loss) | 9901 | €5,635,086 | €8,928,500 | +€3.3m | +58.4% |
| Financial income | 75/76B | €2,904,241 | €3,642,812 | +€738,571 | +25.4% |
| Recurring financial income | 75 | €2,904,241 | €3,642,812 | +€738,571 | +25.4% |
| Income from current assets | 751 | €1,731,193 | €559,744 | -€1.2m | -67.7% |
| Other financial income | 752/9 | €1,173,048 | €3,083,068 | +€1.9m | +163% |
| Financial charges | 65/66B | €3,594,853 | €4,818,140 | +€1.2m | +34.0% |
| Recurring financial charges | 65 | €3,594,853 | €4,818,140 | +€1.2m | +34.0% |
| Debt charges | 650 | €2,693,713 | €4,361,273 | +€1.7m | +61.9% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | - | €377,081 | +€377,081 | |
| Other financial charges | 652/9 | €901,140 | €79,786 | -€821,354 | -91.1% |
| Profit (loss) for the period before taxes | 9903 | €4,944,474 | €7,753,172 | +€2.8m | +56.8% |
| Income taxes | 67/77 | €63,088 | €253,497 | +€190,409 | +302% |
| Taxes | 670/3 | €63,088 | €253,497 | +€190,409 | +302% |
| Profit (loss) for the period | 9904 | €4,881,386 | €7,499,675 | +€2.6m | +53.6% |
| Profit (loss) for the period to be appropriated | 9905 | €4,881,386 | €7,499,675 | +€2.6m | +53.6% |
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 25 October 2026 via checked.be.