DEEPSEA 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.
DEEPSEA SHIPPING
Largest movements
- Tangible fixed assets +€4.7m
up €4.7m (+38.6%), from €12.1m to €16.8m
- Cash -€1.3m
down €1.3m (-84.6%), from €1.5m to €236,544
mainly Investment in fixed assets (net) (-€5.5m) and Receivables within one year (-€670,488)
- Receivables within one year +€670,488
up €670,488 (+144%), from €464,543 to €1.1m
of which Trade receivables: +€457,035
- Debts after one year +€2.4m
up €2.4m (+27.7%), from €8.7m to €11.1m
- Current portion of long-term debt +€1.3m
up €1.3m (+144%), from €893,333 to €2.2m
- Reserves +€526,402
up €526,402 (+18.9%), from €2.8m to €3.3m
of which Distributable reserves: +€379,052
- Tax, wage and social debts -€205,026
down €205,026 (-83.5%), from €245,553 to €40,527
- Gross operating margin -€1.5m
down €1.5m (-42.8%), from €3.5m to €2.0m
- Taxes -€389,677
down €389,677 (-68.2%), from €571,750 to €182,074
- Depreciation +€80,556
up €80,556 (+10.9%), from €738,324 to €818,880
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 | €14,132,232 | €18,183,955 | +€4.1m | +28.7% |
| Fixed assets | 21/28 | €12,130,433 | €16,812,380 | +€4.7m | +38.6% |
| Tangible fixed assets | 22/27 | €12,130,433 | €16,812,380 | +€4.7m | +38.6% |
| Furniture and vehicles | 24 | €12,130,433 | €16,812,380 | +€4.7m | +38.6% |
| Current assets | 29/58 | €2,001,799 | €1,371,575 | -€630,224 | -31.5% |
| Amounts receivable within one year | 40/41 | €464,543 | €1,135,031 | +€670,488 | +144% |
| Trade receivables | 40 | €452,965 | €910,000 | +€457,035 | +101% |
| Other amounts receivable | 41 | €11,578 | €225,031 | +€213,452 | +1,844% |
| Cash at bank and in hand | 54/58 | €1,537,256 | €236,544 | -€1.3m | -84.6% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €14,132,232 | €18,183,955 | +€4.1m | +28.7% |
| Equity | 10/15 | €3,679,427 | €4,205,830 | +€526,402 | +14.3% |
| Contributions | 10/11 | €900,000 | €900,000 | = | 0.0% |
| Reserves | 13 | €2,779,427 | €3,305,830 | +€526,402 | +18.9% |
| Tax-exempt reserves | 132 | €999,875 | €1,147,225 | +€147,350 | +14.7% |
| Distributable reserves | 133 | €1,779,552 | €2,158,605 | +€379,052 | +21.3% |
| Amounts payable | 17/49 | €10,452,805 | €13,978,125 | +€3.5m | +33.7% |
| Amounts payable after more than one year | 17 | €8,660,000 | €11,062,798 | +€2.4m | +27.7% |
| Financial debts | 170/4 | €8,660,000 | €11,062,798 | +€2.4m | +27.7% |
| Amounts payable within one year | 42/48 | €1,771,471 | €2,860,480 | +€1.1m | +61.5% |
| Current portion of amounts payable after more than one year | 42 | €893,333 | €2,182,679 | +€1.3m | +144% |
| Trade debts | 44 | €245,085 | €234,274 | -€10,810 | -4.4% |
| Suppliers | 440/4 | €245,085 | €234,274 | -€10,810 | -4.4% |
| Taxes, remuneration and social security | 45 | €245,553 | €40,527 | -€205,026 | -83.5% |
| Taxes | 450/3 | €245,553 | €40,527 | -€205,026 | -83.5% |
| Other amounts payable | 47/48 | €387,500 | €403,000 | +€15,500 | +4.0% |
| Accrued charges and deferred income | 492/3 | €21,333 | €54,847 | +€33,514 | +157% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €738,324 | €818,880 | +€80,556 | +10.9% |
| Other operating charges | 640/8 | €1,434 | €16,426 | +€14,993 | +1,046% |
| Gross operating margin | 9900 | €3,544,396 | €2,028,854 | -€1.5m | -42.8% |
| Operating profit (loss) | 9901 | €2,804,639 | €1,193,547 | -€1.6m | -57.4% |
| Financial income | 75/76B | €158 | €0 | -€158 | -100% |
| Recurring financial income | 75 | €158 | €0 | -€158 | -100% |
| Financial charges | 65/66B | €512,573 | €485,071 | -€27,501 | -5.4% |
| Recurring financial charges | 65 | €512,573 | €485,071 | -€27,501 | -5.4% |
| Profit (loss) for the period before taxes | 9903 | €2,292,224 | €708,476 | -€1.6m | -69.1% |
| Income taxes | 67/77 | €571,750 | €182,074 | -€389,677 | -68.2% |
| Profit (loss) for the period | 9904 | €1,720,474 | €526,402 | -€1.2m | -69.4% |
| Transfer to tax-exempt reserves | 689 | €999,875 | €147,350 | -€852,525 | -85.3% |
| Profit (loss) for the period to be appropriated | 9905 | €720,599 | €379,052 | -€341,546 | -47.4% |
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 27 October 2026 via checked.be.