EGALITE 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.
EGALITE SHIPPING
Largest movements
- Tangible fixed assets -€510,829
down €510,829 (-14.8%), from €3.5m to €3.0m
- Receivables within one year -€243,270
down €243,270 (-43.6%), from €557,604 to €314,334
of which Other amounts receivable: -€204,565
- Cash +€64,932
up €64,932 (+117%), from €55,329 to €120,261
mainly Depreciation (+€510,830) and Receivables within one year (+€243,270)
- Debts after one year -€362,364
down €362,364 (-18.8%), from €1.9m to €1.6m
- Reserves -€258,166
down €258,166 (-44.2%), from €584,199 to €326,033
of which Distributable reserves: -€257,575
- Accrued charges and deferred income -€115,000
down €115,000 (-95.8%), from €120,000 to €5,000
- Turnover -€1.3m
no longer reported in 2025 (was €1.3m)
- Purchases and services -€766,655
no longer reported in 2025 (was €766,655)
- Gross operating margin -€148,577
down €148,577 (-27.4%), from €542,563 to €393,986
- Write-downs +€49,442
new in 2025: €49,442
- Taxes -€41,787
down €41,787 (-93.4%), from €44,736 to €2,949
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 | €4,075,212 | €3,386,044 | -€689,168 | -16.9% |
| Fixed assets | 21/28 | €3,462,279 | €2,951,450 | -€510,829 | -14.8% |
| Tangible fixed assets | 22/27 | €3,462,279 | €2,951,450 | -€510,829 | -14.8% |
| Plant, machinery and equipment | 23 | €3,462,279 | €2,951,450 | -€510,829 | -14.8% |
| Current assets | 29/58 | €612,933 | €434,595 | -€178,338 | -29.1% |
| Amounts receivable within one year | 40/41 | €557,604 | €314,334 | -€243,270 | -43.6% |
| Trade receivables | 40 | €343,237 | €304,532 | -€38,705 | -11.3% |
| Other amounts receivable | 41 | €214,367 | €9,802 | -€204,565 | -95.4% |
| Cash at bank and in hand | 54/58 | €55,329 | €120,261 | +€64,932 | +117% |
| Total equity and liabilities | 10/49 | €4,075,212 | €3,386,044 | -€689,168 | -16.9% |
| Equity | 10/15 | €1,272,799 | €1,014,633 | -€258,166 | -20.3% |
| Contributions | 10/11 | €688,600 | €688,600 | = | 0.0% |
| Capital | 10 | €688,600 | - | -€688,600 | |
| Issued capital | 100 | €688,600 | - | -€688,600 | |
| Reserves | 13 | €584,199 | €326,033 | -€258,166 | -44.2% |
| Non-distributable reserves | 130/1 | €591 | €0 | -€591 | -100% |
| Legal reserve | 130 | €591 | - | -€591 | |
| Reserves not available under the articles | 1311 | - | €0 | = | |
| Distributable reserves | 133 | €583,608 | €326,033 | -€257,575 | -44.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €62,500 | €93,750 | +€31,250 | +50.0% |
| Provisions for liabilities and charges | 160/5 | €62,500 | €93,750 | +€31,250 | +50.0% |
| Major repairs and maintenance | 162 | €62,500 | - | -€62,500 | |
| Other liabilities and charges | 164/5 | - | €93,750 | +€93,750 | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €2,739,913 | €2,277,661 | -€462,252 | -16.9% |
| Amounts payable after more than one year | 17 | €1,923,707 | €1,561,343 | -€362,364 | -18.8% |
| Financial debts | 170/4 | €1,923,707 | €1,561,343 | -€362,364 | -18.8% |
| Amounts payable within one year | 42/48 | €696,206 | €711,318 | +€15,112 | +2.2% |
| Current portion of amounts payable after more than one year | 42 | €352,019 | €362,364 | +€10,345 | +2.9% |
| Trade debts | 44 | €295,437 | €297,220 | +€1,783 | +0.6% |
| Suppliers | 440/4 | €295,437 | €297,220 | +€1,783 | +0.6% |
| Taxes, remuneration and social security | 45 | €48,750 | €51,735 | +€2,985 | +6.1% |
| Taxes | 450/3 | €48,750 | €51,735 | +€2,985 | +6.1% |
| Accrued charges and deferred income | 492/3 | €120,000 | €5,000 | -€115,000 | -95.8% |
| Turnover | 70 | €1,309,217 | - | -€1.3m | |
| Goods, raw materials, services and sundry goods | 60/61 | €766,655 | - | -€766,655 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €510,830 | €510,830 | -€0 | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €49,442 | +€49,442 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €31,250 | €31,250 | = | 0.0% |
| Other operating charges | 640/8 | €8,172 | €5,187 | -€2,985 | -36.5% |
| Gross operating margin | 9900 | €542,563 | €393,986 | -€148,577 | -27.4% |
| Operating profit (loss) | 9901 | -€7,689 | -€202,722 | -€195,033 | -2,537% |
| Financial income | 75/76B | - | €1,171 | +€1,171 | |
| Recurring financial income | 75 | - | €1,171 | +€1,171 | |
| Financial charges | 65/66B | €63,594 | €53,665 | -€9,929 | -15.6% |
| Recurring financial charges | 65 | €63,594 | €53,665 | -€9,929 | -15.6% |
| Profit (loss) for the period before taxes | 9903 | -€71,283 | -€255,216 | -€183,933 | -258% |
| Transfer from deferred taxes | 780 | €65,251 | €0 | -€65,251 | -100% |
| Income taxes | 67/77 | €44,736 | €2,949 | -€41,787 | -93.4% |
| Profit (loss) for the period | 9904 | -€50,768 | -€258,166 | -€207,398 | -409% |
| Transfer from tax-exempt reserves | 789 | €195,754 | €0 | -€195,754 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €144,986 | -€258,166 | -€403,152 |
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 22 October 2026 via checked.be.