DANCA-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.
DANCA-SHIPPING
Largest movements
- Tangible fixed assets -€264,407
down €264,407 (-9.9%), from €2.7m to €2.4m
of which Furniture and vehicles: -€261,746
- Cash +€45,034
up €45,034 (+10.5%), from €428,341 to €473,375
mainly Depreciation (+€293,535) and Net result for the year (+€108,208)
- Debts after one year -€247,803
down €247,803 (-12.4%), from €2.0m to €1.7m
- Reserves +€108,208
up €108,208 (+22.8%), from €474,701 to €582,908
of which Distributable reserves: +€113,209
- Provisions -€45,000
down €45,000 (-100%), from €45,000 to €0
- Other debts -€39,822
down €39,822 (-47.4%), from €83,947 to €44,125
- Gross operating margin +€64,158
up €64,158 (+16.4%), from €392,191 to €456,349
- Provisions -€55,000
down €55,000, from €10,000 to -€45,000
- Taxes +€27,369
up €27,369 (+5,894%), from €464 to €27,833
- Staff costs -€12,998
down €12,998 (-40.7%), from €31,954 to €18,956
- Depreciation +€6,242
up €6,242 (+2.2%), from €287,293 to €293,535
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 | €3,382,223 | €3,179,704 | -€202,519 | -6.0% |
| Fixed assets | 21/28 | €2,677,146 | €2,412,487 | -€264,659 | -9.9% |
| Tangible fixed assets | 22/27 | €2,676,894 | €2,412,487 | -€264,407 | -9.9% |
| Plant, machinery and equipment | 23 | €7,720 | €5,058 | -€2,662 | -34.5% |
| Furniture and vehicles | 24 | €2,669,175 | €2,407,429 | -€261,746 | -9.8% |
| Financial fixed assets | 28 | €252 | €0 | -€252 | -100% |
| Current assets | 29/58 | €705,077 | €767,217 | +€62,140 | +8.8% |
| Amounts receivable within one year | 40/41 | €22,666 | €19,110 | -€3,556 | -15.7% |
| Trade receivables | 40 | €13,931 | €7,750 | -€6,181 | -44.4% |
| Other amounts receivable | 41 | €8,735 | €11,360 | +€2,625 | +30.1% |
| Current investments | 50/53 | €250,000 | €250,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €428,341 | €473,375 | +€45,034 | +10.5% |
| Deferred charges and accrued income | 490/1 | €4,070 | €24,732 | +€20,662 | +508% |
| Total equity and liabilities | 10/49 | €3,382,223 | €3,179,704 | -€202,519 | -6.0% |
| Equity | 10/15 | €993,301 | €1,101,508 | +€108,208 | +10.9% |
| Contributions | 10/11 | €518,600 | €518,600 | = | 0.0% |
| Reserves | 13 | €474,701 | €582,908 | +€108,208 | +22.8% |
| Non-distributable reserves | 130/1 | €5,001 | €0 | -€5,001 | -100% |
| Reserves not available under the articles | 1311 | €5,001 | €0 | -€5,001 | -100% |
| Distributable reserves | 133 | €469,699 | €582,908 | +€113,209 | +24.1% |
| Provisions and deferred taxes | 16 | €45,000 | €0 | -€45,000 | -100% |
| Provisions for liabilities and charges | 160/5 | €45,000 | €0 | -€45,000 | -100% |
| Major repairs and maintenance | 162 | €45,000 | €0 | -€45,000 | -100% |
| Amounts payable | 17/49 | €2,343,922 | €2,078,195 | -€265,727 | -11.3% |
| Amounts payable after more than one year | 17 | €1,995,118 | €1,747,314 | -€247,803 | -12.4% |
| Financial debts | 170/4 | €1,995,118 | €1,747,314 | -€247,803 | -12.4% |
| Amounts payable within one year | 42/48 | €339,758 | €319,515 | -€20,243 | -6.0% |
| Current portion of amounts payable after more than one year | 42 | €254,429 | €247,803 | -€6,626 | -2.6% |
| Trade debts | 44 | - | €1,666 | +€1,666 | |
| Suppliers | 440/4 | - | €1,666 | +€1,666 | |
| Taxes, remuneration and social security | 45 | €1,382 | €25,921 | +€24,539 | +1,776% |
| Taxes | 450/3 | - | €25,921 | +€25,921 | |
| Remuneration and social security | 454/9 | €1,382 | €0 | -€1,382 | -100% |
| Other amounts payable | 47/48 | €83,947 | €44,125 | -€39,822 | -47.4% |
| Accrued charges and deferred income | 492/3 | €9,047 | €11,366 | +€2,318 | +25.6% |
| Non-recurring operating income | 76A | €7,943 | €4,525 | -€3,418 | -43.0% |
| Remuneration, social security and pensions | 62 | €31,954 | €18,956 | -€12,998 | -40.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €287,293 | €293,535 | +€6,242 | +2.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €10,000 | -€45,000 | -€55,000 | |
| Other operating charges | 640/8 | €3,820 | €2,323 | -€1,497 | -39.2% |
| Gross operating margin | 9900 | €392,191 | €456,349 | +€64,158 | +16.4% |
| Operating profit (loss) | 9901 | €59,124 | €186,535 | +€127,412 | +216% |
| Financial income | 75/76B | €5,747 | €7,996 | +€2,248 | +39.1% |
| Recurring financial income | 75 | €4,532 | €7,996 | +€3,463 | +76.4% |
| Non-recurring financial income | 76B | €1,215 | - | -€1,215 | |
| Financial charges | 65/66B | €57,376 | €58,490 | +€1,113 | +1.9% |
| Recurring financial charges | 65 | €56,880 | €58,490 | +€1,610 | +2.8% |
| Non-recurring financial charges | 66B | €496 | - | -€496 | |
| Profit (loss) for the period before taxes | 9903 | €7,495 | €136,041 | +€128,547 | +1,715% |
| Income taxes | 67/77 | €464 | €27,833 | +€27,369 | +5,894% |
| Profit (loss) for the period | 9904 | €7,030 | €108,208 | +€101,177 | +1,439% |
| Profit (loss) for the period to be appropriated | 9905 | €7,030 | €108,208 | +€101,177 | +1,439% |
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 28 October 2026 via checked.be.