Largo 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.
Largo Shipping
Largest movements
- Tangible fixed assets -€388,992
down €388,992 (-19.9%), from €2.0m to €1.6m
- Receivables within one year -€47,788
down €47,788 (-80.9%), from €59,064 to €11,276
of which Trade receivables: -€48,874
- Debts after one year -€342,173
down €342,173 (-25.1%), from €1.4m to €1.0m
of which Financial debts: -€342,173
- Accrued charges and deferred income -€117,915
down €117,915 (-24.6%), from €479,051 to €361,136
- Other debts +€24,563
up €24,563 (+17.9%), from €137,580 to €162,143
- Profit (loss) carried forward +€21,687
up €21,687 (+32.9%), from -€65,857 to -€44,170
- Trade debts -€21,350
down €21,350 (-50.5%), from €42,270 to €20,920
- Financial charges -€39,578
down €39,578 (-35.0%), from €112,944 to €73,366
- Gross operating margin -€25,378
down €25,378 (-5.0%), from €509,787 to €484,409
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 | €2,123,413 | €1,688,225 | -€435,188 | -20.5% |
| Fixed assets | 21/28 | €2,049,071 | €1,660,078 | -€388,992 | -19.0% |
| Tangible fixed assets | 22/27 | €1,956,702 | €1,567,709 | -€388,992 | -19.9% |
| Other tangible fixed assets | 26 | €1,956,702 | €1,567,709 | -€388,992 | -19.9% |
| Financial fixed assets | 28 | €92,369 | €92,369 | = | 0.0% |
| Current assets | 29/58 | €74,342 | €28,146 | -€46,196 | -62.1% |
| Amounts receivable within one year | 40/41 | €59,064 | €11,276 | -€47,788 | -80.9% |
| Trade receivables | 40 | €58,711 | €9,837 | -€48,874 | -83.2% |
| Other amounts receivable | 41 | €353 | €1,439 | +€1,086 | +307% |
| Cash at bank and in hand | 54/58 | €15,278 | €16,871 | +€1,593 | +10.4% |
| Total equity and liabilities | 10/49 | €2,123,413 | €1,688,225 | -€435,188 | -20.5% |
| Equity | 10/15 | -€45,610 | -€23,923 | +€21,687 | +47.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €247 | €247 | = | 0.0% |
| Non-distributable reserves | 130/1 | €247 | €247 | = | 0.0% |
| Reserves not available under the articles | 1311 | €247 | €247 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€65,857 | -€44,170 | +€21,687 | +32.9% |
| Amounts payable | 17/49 | €2,169,023 | €1,712,148 | -€456,875 | -21.1% |
| Amounts payable after more than one year | 17 | €1,362,331 | €1,020,158 | -€342,173 | -25.1% |
| Financial debts | 170/4 | €1,123,831 | €781,658 | -€342,173 | -30.4% |
| Other amounts payable | 178/9 | €238,500 | €238,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €327,640 | €330,853 | +€3,213 | +1.0% |
| Current portion of amounts payable after more than one year | 42 | €147,790 | €147,790 | = | 0.0% |
| Trade debts | 44 | €42,270 | €20,920 | -€21,350 | -50.5% |
| Suppliers | 440/4 | €42,270 | €20,920 | -€21,350 | -50.5% |
| Other amounts payable | 47/48 | €137,580 | €162,143 | +€24,563 | +17.9% |
| Accrued charges and deferred income | 492/3 | €479,051 | €361,136 | -€117,915 | -24.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €388,992 | €388,992 | = | 0.0% |
| Other operating charges | 640/8 | €773 | €773 | = | 0.0% |
| Gross operating margin | 9900 | €509,787 | €484,409 | -€25,378 | -5.0% |
| Operating profit (loss) | 9901 | €120,022 | €94,643 | -€25,378 | -21.1% |
| Financial income | 75/76B | - | €410 | +€410 | |
| Recurring financial income | 75 | - | €410 | +€410 | |
| Financial charges | 65/66B | €112,944 | €73,366 | -€39,578 | -35.0% |
| Recurring financial charges | 65 | €112,944 | €73,366 | -€39,578 | -35.0% |
| Profit (loss) for the period before taxes | 9903 | €7,078 | €21,687 | +€14,609 | +206% |
| Profit (loss) for the period | 9904 | €7,078 | €21,687 | +€14,609 | +206% |
| Profit (loss) for the period to be appropriated | 9905 | €7,078 | €21,687 | +€14,609 | +206% |
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 25 October 2026 via checked.be.