Muzara 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.
Muzara Shipping
Largest movements
- Tangible fixed assets +€48,163
up €48,163 (+15.9%), from €303,654 to €351,817
of which Furniture and vehicles: +€49,791
- Receivables within one year +€26,099
up €26,099 (+26.1%), from €99,904 to €126,003
- Cash +€13,364
up €13,364 (+2,697%), from €496 to €13,860
mainly Depreciation (+€37,793) and Net result for the year (+€36,095)
- Deferred charges and accrued income +€7,750
new in 2024: €7,750
- Profit (loss) carried forward +€36,095
up €36,095 (+25.3%), from €142,656 to €178,750
- Debts after one year +€26,050
up €26,050 (+20.8%), from €125,400 to €151,450
- Current portion of long-term debt +€21,000
up €21,000 (+26.5%), from €79,200 to €100,200
- Tax, wage and social debts +€12,075
up €12,075 (+76.7%), from €15,744 to €27,819
- Gross operating margin -€13,731
down €13,731 (-13.9%), from €98,870 to €85,139
- Financial income +€4,623
up €4,623 (+196%), from €2,356 to €6,978
- Taxes -€3,668
down €3,668 (-23.3%), from €15,744 to €12,075
- Financial charges +€2,336
up €2,336 (+71.8%), from €3,254 to €5,590
- Other operating charges -€2,065
down €2,065 (-78.6%), from €2,629 to €564
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 | €404,054 | €499,430 | +€95,376 | +23.6% |
| Fixed assets | 21/28 | €303,654 | €351,817 | +€48,163 | +15.9% |
| Tangible fixed assets | 22/27 | €303,654 | €351,817 | +€48,163 | +15.9% |
| Plant, machinery and equipment | 23 | €1,827 | €198 | -€1,629 | -89.2% |
| Furniture and vehicles | 24 | €301,828 | €351,619 | +€49,791 | +16.5% |
| Current assets | 29/58 | €100,399 | €147,613 | +€47,213 | +47.0% |
| Amounts receivable within one year | 40/41 | €99,904 | €126,003 | +€26,099 | +26.1% |
| Other amounts receivable | 41 | €99,904 | €126,003 | +€26,099 | +26.1% |
| Cash at bank and in hand | 54/58 | €496 | €13,860 | +€13,364 | +2,697% |
| Deferred charges and accrued income | 490/1 | - | €7,750 | +€7,750 | |
| Total equity and liabilities | 10/49 | €404,054 | €499,430 | +€95,376 | +23.6% |
| Equity | 10/15 | €161,256 | €197,350 | +€36,095 | +22.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €142,656 | €178,750 | +€36,095 | +25.3% |
| Amounts payable | 17/49 | €242,798 | €302,079 | +€59,281 | +24.4% |
| Amounts payable after more than one year | 17 | €125,400 | €151,450 | +€26,050 | +20.8% |
| Financial debts | 170/4 | €125,400 | €151,450 | +€26,050 | +20.8% |
| Amounts payable within one year | 42/48 | €117,398 | €150,629 | +€33,231 | +28.3% |
| Current portion of amounts payable after more than one year | 42 | €79,200 | €100,200 | +€21,000 | +26.5% |
| Trade debts | 44 | €22,454 | €22,610 | +€156 | +0.7% |
| Suppliers | 440/4 | €22,454 | €22,610 | +€156 | +0.7% |
| Taxes, remuneration and social security | 45 | €15,744 | €27,819 | +€12,075 | +76.7% |
| Taxes | 450/3 | €15,744 | €27,819 | +€12,075 | +76.7% |
| Non-recurring operating income | 76A | €6,984 | €0 | -€6,984 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,034 | €37,793 | +€760 | +2.1% |
| Other operating charges | 640/8 | €2,629 | €564 | -€2,065 | -78.6% |
| Gross operating margin | 9900 | €98,870 | €85,139 | -€13,731 | -13.9% |
| Operating profit (loss) | 9901 | €59,207 | €46,782 | -€12,425 | -21.0% |
| Financial income | 75/76B | €2,356 | €6,978 | +€4,623 | +196% |
| Recurring financial income | 75 | €2,356 | €6,978 | +€4,623 | +196% |
| Financial charges | 65/66B | €3,254 | €5,590 | +€2,336 | +71.8% |
| Recurring financial charges | 65 | €3,254 | €5,590 | +€2,336 | +71.8% |
| Profit (loss) for the period before taxes | 9903 | €58,309 | €48,170 | -€10,139 | -17.4% |
| Income taxes | 67/77 | €15,744 | €12,075 | -€3,668 | -23.3% |
| Profit (loss) for the period | 9904 | €42,565 | €36,095 | -€6,470 | -15.2% |
| Profit (loss) for the period to be appropriated | 9905 | €42,565 | €36,095 | -€6,470 | -15.2% |
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 26 October 2026 via checked.be.