ESSE-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.
ESSE-SHIPPING
Largest movements
- Cash -€182,100
down €182,100 (-81.7%), from €222,816 to €40,716
mainly Investment in fixed assets (net) (-€200,286) and Current portion of long-term debt (-€149,832)
- Tangible fixed assets +€90,984
up €90,984 (+12.2%), from €748,386 to €839,370
of which Furniture and vehicles: +€119,032
- Current portion of long-term debt -€149,832
down €149,832 (-64.8%), from €231,282 to €81,450
- Debts after one year +€113,063
up €113,063 (+87.2%), from €129,625 to €242,688
- Profit (loss) carried forward -€58,908
down €58,908, from €0 to -€58,908
- Trade debts +€36,258
up €36,258 (+2846.4%), from €1,274 to €37,532
- Tax, wage and social debts -€29,175
down €29,175 (-86.9%), from €33,588 to €4,413
of which Taxes: -€29,374
- Gross operating margin -€292,575
down €292,575 (-67.4%), from €434,220 to €141,645
- Taxes -€74,092
down €74,092 (-99.6%), from €74,374 to €282
- Depreciation +€4,676
up €4,676 (+4.5%), from €104,626 to €109,302
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 | €987,734 | €905,071 | -€82,663 | -8.4% |
| Fixed assets | 21/28 | €748,706 | €839,690 | +€90,984 | +12.2% |
| Tangible fixed assets | 22/27 | €748,386 | €839,370 | +€90,984 | +12.2% |
| Plant, machinery and equipment | 23 | €99 | €0 | -€99 | -100.0% |
| Furniture and vehicles | 24 | €720,338 | €839,370 | +€119,032 | +16.5% |
| Leasing and similar rights | 25 | €27,949 | €0 | -€27,949 | -100.0% |
| Financial fixed assets | 28 | €320 | €320 | = | 0.0% |
| Current assets | 29/58 | €239,028 | €65,381 | -€173,647 | -72.6% |
| Amounts receivable within one year | 40/41 | €11,206 | €20,066 | +€8,860 | +79.1% |
| Trade receivables | 40 | €5,767 | €7,949 | +€2,181 | +37.8% |
| Other amounts receivable | 41 | €5,438 | €12,117 | +€6,678 | +122.8% |
| Cash at bank and in hand | 54/58 | €222,816 | €40,716 | -€182,100 | -81.7% |
| Deferred charges and accrued income | 490/1 | €5,006 | €4,600 | -€406 | -8.1% |
| Total equity and liabilities | 10/49 | €987,734 | €905,071 | -€82,663 | -8.4% |
| Equity | 10/15 | €524,339 | €463,943 | -€60,396 | -11.5% |
| Reserves | 13 | €524,339 | €522,851 | -€1,488 | -0.3% |
| Distributable reserves | 133 | €524,339 | €522,851 | -€1,488 | -0.3% |
| Profit (loss) carried forward | 14 | €0 | -€58,908 | -€58,908 | |
| Amounts payable | 17/49 | €463,395 | €441,128 | -€22,267 | -4.8% |
| Amounts payable after more than one year | 17 | €129,625 | €242,688 | +€113,063 | +87.2% |
| Financial debts | 170/4 | €129,625 | €242,688 | +€113,063 | +87.2% |
| Amounts payable within one year | 42/48 | €333,770 | €197,685 | -€136,086 | -40.8% |
| Current portion of amounts payable after more than one year | 42 | €231,282 | €81,450 | -€149,832 | -64.8% |
| Trade debts | 44 | €1,274 | €37,532 | +€36,258 | +2846.4% |
| Suppliers | 440/4 | €1,274 | €37,532 | +€36,258 | +2846.4% |
| Taxes, remuneration and social security | 45 | €33,588 | €4,413 | -€29,175 | -86.9% |
| Taxes | 450/3 | €29,374 | €0 | -€29,374 | -100.0% |
| Remuneration and social security | 454/9 | €4,214 | €4,413 | +€199 | +4.7% |
| Other amounts payable | 47/48 | €67,626 | €74,290 | +€6,664 | +9.9% |
| Accrued charges and deferred income | 492/3 | - | €756 | +€756 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €66,571 | €69,534 | +€2,964 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €104,626 | €109,302 | +€4,676 | +4.5% |
| Other operating charges | 640/8 | €2,513 | €3,001 | +€488 | +19.4% |
| Non-recurring operating charges | 66A | €769 | €0 | -€769 | -100.0% |
| Gross operating margin | 9900 | €434,220 | €141,645 | -€292,575 | -67.4% |
| Operating profit (loss) | 9901 | €259,741 | -€40,193 | -€299,934 | |
| Financial income | 75/76B | €264 | €281 | +€17 | +6.3% |
| Recurring financial income | 75 | €264 | €281 | +€17 | +6.3% |
| Financial charges | 65/66B | €17,319 | €20,201 | +€2,883 | +16.6% |
| Recurring financial charges | 65 | €17,319 | €20,201 | +€2,883 | +16.6% |
| Profit (loss) for the period before taxes | 9903 | €242,687 | -€60,113 | -€302,800 | |
| Income taxes | 67/77 | €74,374 | €282 | -€74,092 | -99.6% |
| Profit (loss) for the period | 9904 | €168,313 | -€60,396 | -€228,708 | |
| Profit (loss) for the period to be appropriated | 9905 | €168,313 | -€60,396 | -€228,708 |
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.