CROSS CHARTERING: 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.
CROSS CHARTERING
Largest movements
- Cash -€3.9m
down €3.9m (-83.2%), from €4.7m to €793,061
mainly Other debts (-€3.5m) and Contributions, distributions and other (-€2.2m)
- Receivables within one year +€1.6m
up €1.6m (+103%), from €1.6m to €3.2m
of which Trade receivables: +€1.6m
- Other debts -€3.5m
down €3.5m (-95.6%), from €3.7m to €163,118
- Trade debts +€893,642
up €893,642 (+56.3%), from €1.6m to €2.5m
- Tax, wage and social debts +€316,070
up €316,070 (+474%), from €66,615 to €382,685
of which Taxes: +€339,695
- Taxes +€702,656
up €702,656 (+3,910%), from €17,973 to €720,629
- Financial charges +€440,751
up €440,751 (+1,004%), from €43,914 to €484,666
- Financial income -€402,120
down €402,120 (-100.0%), from €402,298 to €179
- Gross operating margin +€310,190
up €310,190 (+9.6%), from €3.2m to €3.6m
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 | €6,319,670 | €4,005,673 | -€2.3m | -36.6% |
| Fixed assets | 21/28 | €31,575 | €14,290 | -€17,285 | -54.7% |
| Tangible fixed assets | 22/27 | €31,389 | €14,290 | -€17,099 | -54.5% |
| Plant, machinery and equipment | 23 | €1,438 | €1,438 | = | 0.0% |
| Furniture and vehicles | 24 | €29,951 | €12,852 | -€17,099 | -57.1% |
| Financial fixed assets | 28 | €186 | - | -€186 | |
| Current assets | 29/58 | €6,288,095 | €3,991,383 | -€2.3m | -36.5% |
| Amounts receivable within one year | 40/41 | €1,573,795 | €3,197,601 | +€1.6m | +103% |
| Trade receivables | 40 | €1,466,503 | €3,086,852 | +€1.6m | +110% |
| Other amounts receivable | 41 | €107,292 | €110,749 | +€3,457 | +3.2% |
| Cash at bank and in hand | 54/58 | €4,713,621 | €793,061 | -€3.9m | -83.2% |
| Deferred charges and accrued income | 490/1 | €679 | €722 | +€43 | +6.3% |
| Total equity and liabilities | 10/49 | €6,319,670 | €4,005,673 | -€2.3m | -36.6% |
| Equity | 10/15 | €674,817 | €675,163 | +€345 | +0.1% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Capital | 10 | €125,000 | €125,000 | = | 0.0% |
| Issued capital | 100 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €337,500 | €337,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,500 | €12,500 | = | 0.0% |
| Legal reserve | 130 | €12,500 | €12,500 | = | 0.0% |
| Distributable reserves | 133 | €325,000 | €325,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €212,317 | €212,663 | +€345 | +0.2% |
| Provisions and deferred taxes | 16 | €305,000 | €305,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €305,000 | €305,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €305,000 | €305,000 | = | 0.0% |
| Amounts payable | 17/49 | €5,339,853 | €3,025,511 | -€2.3m | -43.3% |
| Amounts payable within one year | 42/48 | €5,339,853 | €3,025,511 | -€2.3m | -43.3% |
| Trade debts | 44 | €1,586,066 | €2,479,708 | +€893,642 | +56.3% |
| Suppliers | 440/4 | €1,586,066 | €2,479,708 | +€893,642 | +56.3% |
| Taxes, remuneration and social security | 45 | €66,615 | €382,685 | +€316,070 | +474% |
| Taxes | 450/3 | €5,927 | €345,622 | +€339,695 | +5,731% |
| Remuneration and social security | 454/9 | €60,687 | €37,062 | -€23,625 | -38.9% |
| Other amounts payable | 47/48 | €3,687,172 | €163,118 | -€3.5m | -95.6% |
| Remuneration, social security and pensions | 62 | €164,963 | €137,844 | -€27,119 | -16.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,597 | €18,404 | -€1,193 | -6.1% |
| Other operating charges | 640/8 | €3,705 | €4,163 | +€458 | +12.4% |
| Gross operating margin | 9900 | €3,241,589 | €3,551,779 | +€310,190 | +9.6% |
| Operating profit (loss) | 9901 | €3,053,325 | €3,391,369 | +€338,044 | +11.1% |
| Financial income | 75/76B | €402,298 | €179 | -€402,120 | -100.0% |
| Recurring financial income | 75 | €402,298 | €179 | -€402,120 | -100.0% |
| Financial charges | 65/66B | €43,914 | €484,666 | +€440,751 | +1,004% |
| Recurring financial charges | 65 | €43,914 | €484,666 | +€440,751 | +1,004% |
| Profit (loss) for the period before taxes | 9903 | €3,411,709 | €2,906,882 | -€504,827 | -14.8% |
| Income taxes | 67/77 | €17,973 | €720,629 | +€702,656 | +3,910% |
| Profit (loss) for the period | 9904 | €3,393,736 | €2,186,253 | -€1.2m | -35.6% |
| Profit (loss) for the period to be appropriated | 9905 | €3,393,736 | €2,186,253 | -€1.2m | -35.6% |
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 18 October 2026 via checked.be.