INTER 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.
What changed
INTER SHIPPING
NACE 23.610, Manufacture of other non-metallic mineral products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€847,496
2024 · €412,295+€435,201
Equity
€4.3m
2024 · €3.4m+€847,496
Cash
€934,692
2024 · €1.6m-€702,844
Balance sheet total
€25.0m
2024 · €22.7m+€2.3m
Largest movements
Assets
- Stocks and contracts +€2.5m
up €2.5m (+39.7%), from €6.2m to €8.6m
of which Contracts in progress: +€2.5m
- Receivables within one year +€1.7m
up €1.7m (+29.3%), from €5.6m to €7.3m
- Tangible fixed assets -€1.1m
down €1.1m (-12.2%), from €9.2m to €8.1m
of which Land and buildings: -€791,326
- Cash -€702,844
down €702,844 (-42.9%), from €1.6m to €934,692
mainly Stocks and contracts (-€2.5m) and Receivables within one year (-€1.7m)
Equity and liabilities
- Debts after one year +€1.7m
up €1.7m (+15.2%), from €11.2m to €12.9m
of which Other amounts payable: +€7.7m
- Profit (loss) carried forward +€552,496
up €552,496, from -€551,988 to €508
- Reserves +€295,000
up €295,000 (+295000.0%), from €100 to €295,100
of which Distributable reserves: +€252,625
Income statement
- Turnover -€1.8m
down €1.8m (-6.8%), from €26.8m to €25.0m
- Goods and materials +€1.3m
up €1.3m (+7.3%), from €17.4m to €18.7m
of which Purchases: +€808,031
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.
Result 2024
€412,295
Turnover
-€1.8m
Other operating income
+€2,102
Goods and materials
-€1.3m
Services and other goods
+€152,125
Staff costs
+€232,081
Depreciation
+€238,529
Other operating charges
+€9,151
Other operating items
+€3.1m
Financial income
-€9,944
Financial charges
-€23,562
Taxes
-€157,260
Result 2025
€847,496
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.
From operations
-€1.8m
Investment
-€594,192
Financing
+€1.6m
Cash 2024
€1.6m
From operations (derived)
-€1.8m
Net result for the year
+€847,496
Depreciation
+€1.7m
Stocks and contracts
-€2.5m
Receivables within one year
-€1.7m
Deferred charges and accrued income
-€11,966
Trade debts
-€112,823
Tax, wage and social debts
-€89,846
Investment (derived)
-€594,192
Investment in fixed assets (net)
-€594,192
Financing
+€1.6m
Debts after one year
+€1.7m
Current portion of long-term debt
-€60,131
Cash 2025
€934,692
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €22,695,619 | €24,988,163 | +€2.3m | +10.1% |
| Fixed assets | 21/28 | €9,213,639 | €8,086,935 | -€1.1m | -12.2% |
| Tangible fixed assets | 22/27 | €9,213,639 | €8,086,935 | -€1.1m | -12.2% |
| Land and buildings | 22 | €3,955,918 | €3,164,592 | -€791,326 | -20.0% |
| Plant, machinery and equipment | 23 | €5,011,719 | €4,641,747 | -€369,972 | -7.4% |
| Furniture and vehicles | 24 | €246,001 | €280,596 | +€34,595 | +14.1% |
| Current assets | 29/58 | €13,481,980 | €16,901,228 | +€3.4m | +25.4% |
| Stocks and contracts in progress | 3 | €6,187,970 | €8,641,510 | +€2.5m | +39.7% |
| Stocks | 30/36 | €3,142,151 | €3,128,928 | -€13,223 | -0.4% |
| Raw materials and consumables | 30/31 | €3,142,151 | €3,128,928 | -€13,223 | -0.4% |
| Contracts in progress | 37 | €3,045,819 | €5,512,582 | +€2.5m | +81.0% |
| Amounts receivable within one year | 40/41 | €5,649,746 | €7,306,332 | +€1.7m | +29.3% |
| Trade receivables | 40 | €5,649,746 | €7,306,332 | +€1.7m | +29.3% |
| Cash at bank and in hand | 54/58 | €1,637,537 | €934,692 | -€702,844 | -42.9% |
| Deferred charges and accrued income | 490/1 | €6,727 | €18,693 | +€11,966 | +177.9% |
| Total equity and liabilities | 10/49 | €22,695,619 | €24,988,163 | +€2.3m | +10.1% |
| Equity | 10/15 | €3,448,112 | €4,295,608 | +€847,496 | +24.6% |
| Contributions | 10/11 | €4,000,000 | €4,000,000 | = | 0.0% |
| Capital | 10 | €4,000,000 | €4,000,000 | = | 0.0% |
| Issued capital | 100 | €4,000,000 | €4,000,000 | = | 0.0% |
| Reserves | 13 | €100 | €295,100 | +€295,000 | +295000.0% |
| Non-distributable reserves | 130/1 | €100 | €42,475 | +€42,375 | +42375.0% |
| Legal reserve | 130 | €100 | €42,475 | +€42,375 | +42375.0% |
| Distributable reserves | 133 | - | €252,625 | +€252,625 | |
| Profit (loss) carried forward | 14 | -€551,988 | €508 | +€552,496 | |
| Amounts payable | 17/49 | €19,247,507 | €20,692,554 | +€1.4m | +7.5% |
| Amounts payable after more than one year | 17 | €11,240,056 | €12,947,903 | +€1.7m | +15.2% |
| Financial debts | 170/4 | €11,240,056 | €5,257,903 | -€6.0m | -53.2% |
| Credit institutions | 173 | €6,410,056 | €5,257,903 | -€1.2m | -18.0% |
| Other loans | 174 | €4,830,000 | €0 | -€4.8m | -100.0% |
| Other amounts payable | 178/9 | - | €7,690,000 | +€7.7m | |
| Amounts payable within one year | 42/48 | €8,007,451 | €7,744,652 | -€262,799 | -3.3% |
| Current portion of amounts payable after more than one year | 42 | €1,212,284 | €1,152,153 | -€60,131 | -5.0% |
| Trade debts | 44 | €6,242,005 | €6,129,182 | -€112,823 | -1.8% |
| Suppliers | 440/4 | €6,242,005 | €6,129,182 | -€112,823 | -1.8% |
| Taxes, remuneration and social security | 45 | €553,162 | €463,316 | -€89,846 | -16.2% |
| Taxes | 450/3 | €125,497 | €221,949 | +€96,452 | +76.9% |
| Remuneration and social security | 454/9 | €427,665 | €241,367 | -€186,298 | -43.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Operating income | 70/76A | €26,404,335 | €27,704,095 | +€1.3m | +4.9% |
| Turnover | 70 | €26,808,329 | €24,996,257 | -€1.8m | -6.8% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€642,140 | €2,466,764 | +€3.1m | |
| Other operating income | 74 | €238,146 | €240,248 | +€2,102 | +0.9% |
| Non-recurring operating income | 76A | €0 | €826 | +€826 | |
| Operating charges | 60/66A | €25,772,746 | €26,446,538 | +€673,793 | +2.6% |
| Goods for resale, raw materials and consumables | 60 | €17,377,193 | €18,650,162 | +€1.3m | +7.3% |
| Purchases | 600/8 | €17,828,908 | €18,636,939 | +€808,031 | +4.5% |
| Change in stocks: decrease (increase) | 609 | -€451,715 | €13,223 | +€464,939 | |
| Services and other goods | 61 | €3,196,713 | €3,044,588 | -€152,125 | -4.8% |
| Remuneration, social security and pensions | 62 | €2,997,597 | €2,765,516 | -€232,081 | -7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,959,424 | €1,720,895 | -€238,529 | -12.2% |
| Other operating charges | 640/8 | €238,305 | €229,154 | -€9,151 | -3.8% |
| Non-recurring operating charges | 66A | €3,514 | €36,223 | +€32,709 | +930.7% |
| Operating profit (loss) | 9901 | €631,589 | €1,257,556 | +€625,967 | +99.1% |
| Financial income | 75/76B | €9,944 | €0 | -€9,944 | -100.0% |
| Recurring financial income | 75 | €9,944 | €0 | -€9,944 | -100.0% |
| Other financial income | 752/9 | €9,944 | €0 | -€9,944 | -100.0% |
| Financial charges | 65/66B | €227,924 | €251,486 | +€23,562 | +10.3% |
| Recurring financial charges | 65 | €227,924 | €251,486 | +€23,562 | +10.3% |
| Debt charges | 650 | €218,309 | €243,619 | +€25,310 | +11.6% |
| Other financial charges | 652/9 | €9,616 | €7,868 | -€1,748 | -18.2% |
| Profit (loss) for the period before taxes | 9903 | €413,609 | €1,006,070 | +€592,461 | +143.2% |
| Income taxes | 67/77 | €1,314 | €158,574 | +€157,260 | +11971.2% |
| Taxes | 670/3 | €1,314 | €158,574 | +€157,260 | +11971.2% |
| Profit (loss) for the period | 9904 | €412,295 | €847,496 | +€435,201 | +105.6% |
| Profit (loss) for the period to be appropriated | 9905 | €412,295 | €847,496 | +€435,201 | +105.6% |
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 6 October 2026 via checked.be.