DB SHIPPING: what changed
Two fiscal 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.
DB SHIPPING
Largest movements
- Deferred charges and accrued income +€72,895
up €72,895 (+8835.7%), from €825 to €73,720
- Debts after one year -€413,180
down €413,180 (-11.0%), from €3.7m to €3.3m
- Trade debts +€247,521
up €247,521 (+3060.4%), from €8,088 to €255,609
- Other debts +€205,000
up €205,000 (+8.4%), from €2.4m to €2.6m
- Profit (loss) carried forward -€180,334
down €180,334 (-36.4%), from -€495,738 to -€676,072
- Accrued charges and deferred income +€78,311
new in 2025: €78,311
- Financial charges +€39,457
up €39,457 (+16.8%), from €234,533 to €273,990
- Gross operating margin +€33,759
up €33,759 (+6.6%), from €510,740 to €544,499
- Depreciation +€25,719
up €25,719 (+6.1%), from €424,008 to €449,727
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.
Cash bridge derived
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 | €7,112,262 | €7,045,678 | -€66,584 | -0.9% |
| Fixed assets | 21/28 | €6,982,238 | €6,942,420 | -€39,818 | -0.6% |
| Tangible fixed assets | 22/27 | €6,974,285 | €6,933,404 | -€40,881 | -0.6% |
| Other tangible fixed assets | 26 | €6,974,285 | €6,933,404 | -€40,881 | -0.6% |
| Financial fixed assets | 28 | €7,953 | €9,016 | +€1,063 | +13.4% |
| Current assets | 29/58 | €130,024 | €103,258 | -€26,766 | -20.6% |
| Amounts receivable within one year | 40/41 | €60,177 | €485 | -€59,692 | -99.2% |
| Trade receivables | 40 | €55,000 | €58 | -€54,942 | -99.9% |
| Other amounts receivable | 41 | €5,177 | €427 | -€4,750 | -91.8% |
| Cash at bank and in hand | 54/58 | €69,022 | €29,053 | -€39,969 | -57.9% |
| Deferred charges and accrued income | 490/1 | €825 | €73,720 | +€72,895 | +8835.7% |
| Total equity and liabilities | 10/49 | €7,112,262 | €7,045,678 | -€66,584 | -0.9% |
| Equity | 10/15 | €504,262 | €323,928 | -€180,334 | -35.8% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€495,738 | -€676,072 | -€180,334 | -36.4% |
| Amounts payable | 17/49 | €6,608,000 | €6,721,749 | +€113,750 | +1.7% |
| Amounts payable after more than one year | 17 | €3,748,829 | €3,335,649 | -€413,180 | -11.0% |
| Financial debts | 170/4 | €3,748,829 | €3,335,649 | -€413,180 | -11.0% |
| Amounts payable within one year | 42/48 | €2,859,171 | €3,307,789 | +€448,618 | +15.7% |
| Current portion of amounts payable after more than one year | 42 | €413,180 | €413,180 | = | 0.0% |
| Trade debts | 44 | €8,088 | €255,609 | +€247,521 | +3060.4% |
| Suppliers | 440/4 | €8,088 | €255,609 | +€247,521 | +3060.4% |
| Taxes, remuneration and social security | 45 | €3,903 | €0 | -€3,903 | -100.0% |
| Taxes | 450/3 | €3,903 | €0 | -€3,903 | -100.0% |
| Other amounts payable | 47/48 | €2,434,000 | €2,639,000 | +€205,000 | +8.4% |
| Accrued charges and deferred income | 492/3 | - | €78,311 | +€78,311 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €424,008 | €449,727 | +€25,719 | +6.1% |
| Other operating charges | 640/8 | €1,086 | €1,118 | +€33 | +3.0% |
| Gross operating margin | 9900 | €510,740 | €544,499 | +€33,759 | +6.6% |
| Operating profit (loss) | 9901 | €85,647 | €93,654 | +€8,007 | +9.3% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €234,533 | €273,990 | +€39,457 | +16.8% |
| Recurring financial charges | 65 | €234,533 | €273,990 | +€39,457 | +16.8% |
| Profit (loss) for the period before taxes | 9903 | -€148,886 | -€180,334 | -€31,448 | -21.1% |
| Profit (loss) for the period | 9904 | -€148,886 | -€180,334 | -€31,448 | -21.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€148,886 | -€180,334 | -€31,448 | -21.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.