G3-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.
G3-SHIPPING
Largest movements
- Stocks and contracts +€450,000
new in 2024: €450,000
- Tangible fixed assets -€192,613
down €192,613 (-11.2%), from €1.7m to €1.5m
of which Furniture and vehicles: -€192,480
- Cash +€62,738
up €62,738 (+490%), from €12,810 to €75,548
mainly Other debts (+€425,983) and Depreciation (+€192,613)
- Financial fixed assets -€31,000
down €31,000 (-99.9%), from €31,040 to €40
- Other debts +€425,983
up €425,983 (+133%), from €319,811 to €745,794
- Debts after one year -€177,368
down €177,368 (-8.3%), from €2.1m to €1.9m
- Profit (loss) carried forward +€36,319
up €36,319 (+5.2%), from -€696,710 to -€660,390
- Financial charges -€311,881
down €311,881 (-68.7%), from €453,691 to €141,809
of which Non-recurring financial charges: -€320,000
- Gross operating margin +€86,675
up €86,675 (+30.3%), from €286,215 to €372,890
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,856,933 | €2,140,932 | +€284,000 | +15.3% |
| Fixed assets | 21/28 | €1,750,844 | €1,527,231 | -€223,613 | -12.8% |
| Tangible fixed assets | 22/27 | €1,719,804 | €1,527,191 | -€192,613 | -11.2% |
| Plant, machinery and equipment | 23 | €133 | - | -€133 | |
| Furniture and vehicles | 24 | €1,719,672 | €1,527,191 | -€192,480 | -11.2% |
| Financial fixed assets | 28 | €31,040 | €40 | -€31,000 | -99.9% |
| Current assets | 29/58 | €106,089 | €613,701 | +€507,613 | +478% |
| Stocks and contracts in progress | 3 | - | €450,000 | +€450,000 | |
| Contracts in progress | 37 | - | €450,000 | +€450,000 | |
| Amounts receivable within one year | 40/41 | €93,279 | €88,154 | -€5,125 | -5.5% |
| Trade receivables | 40 | €55,801 | €59,801 | +€4,000 | +7.2% |
| Other amounts receivable | 41 | €37,478 | €28,353 | -€9,125 | -24.3% |
| Cash at bank and in hand | 54/58 | €12,810 | €75,548 | +€62,738 | +490% |
| Total equity and liabilities | 10/49 | €1,856,933 | €2,140,932 | +€284,000 | +15.3% |
| Equity | 10/15 | -€676,250 | -€639,930 | +€36,319 | +5.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€696,710 | -€660,390 | +€36,319 | +5.2% |
| Amounts payable | 17/49 | €2,533,183 | €2,780,863 | +€247,680 | +9.8% |
| Amounts payable after more than one year | 17 | €2,125,344 | €1,947,976 | -€177,368 | -8.3% |
| Financial debts | 170/4 | €2,125,344 | €1,947,976 | -€177,368 | -8.3% |
| Amounts payable within one year | 42/48 | €407,839 | €832,887 | +€425,048 | +104% |
| Current portion of amounts payable after more than one year | 42 | €80,000 | €80,000 | = | 0.0% |
| Trade debts | 44 | €750 | €796 | +€46 | +6.1% |
| Suppliers | 440/4 | €750 | €796 | +€46 | +6.1% |
| Advances received on contracts in progress | 46 | €3,764 | €3,764 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €3,514 | €2,533 | -€981 | -27.9% |
| Taxes | 450/3 | €3,514 | €2,533 | -€981 | -27.9% |
| Other amounts payable | 47/48 | €319,811 | €745,794 | +€425,983 | +133% |
| Non-recurring operating income | 76A | €539 | - | -€539 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €194,375 | €192,613 | -€1,762 | -0.9% |
| Other operating charges | 640/8 | €1,282 | €1,255 | -€27 | -2.1% |
| Non-recurring operating charges | 66A | €204 | - | -€204 | |
| Gross operating margin | 9900 | €286,215 | €372,890 | +€86,675 | +30.3% |
| Operating profit (loss) | 9901 | €90,355 | €179,023 | +€88,667 | +98.1% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €453,691 | €141,809 | -€311,881 | -68.7% |
| Recurring financial charges | 65 | €133,691 | €141,809 | +€8,119 | +6.1% |
| Non-recurring financial charges | 66B | €320,000 | - | -€320,000 | |
| Profit (loss) for the period before taxes | 9903 | -€363,336 | €37,216 | +€400,552 | |
| Income taxes | 67/77 | €1,077 | €897 | -€180 | -16.7% |
| Profit (loss) for the period | 9904 | -€364,412 | €36,319 | +€400,732 | |
| Profit (loss) for the period to be appropriated | 9905 | -€364,412 | €36,319 | +€400,732 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.