Offshore Equipment Chartering: 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.
Offshore Equipment Chartering
Largest movements
- Tangible fixed assets +€22.4m
up €22.4m (+37.0%), from €60.6m to €83.0m
of which Assets under construction and advance payments: +€12.4m
- Deferred charges and accrued income +€7.7m
up €7.7m (+24.7%), from €31.2m to €38.9m
- Receivables within one year -€2.2m
down €2.2m (-47.3%), from €4.7m to €2.5m
of which Other amounts receivable: -€2.6m
- Other debts +€25.5m
up €25.5m (+55.3%), from €46.0m to €71.5m
- Accrued charges and deferred income +€4.6m
up €4.6m (+3,286%), from €138,707 to €4.7m
- Tax, wage and social debts -€1.7m
down €1.7m (-42.7%), from €4.0m to €2.3m
- Trade debts -€1.4m
down €1.4m (-18.5%), from €7.6m to €6.2m
- Turnover +€8.4m
up €8.4m (+27.7%), from €30.4m to €38.8m
- Depreciation +€3.8m
up €3.8m (+46.9%), from €8.1m to €11.9m
- Goods and materials +€2.4m
up €2.4m (+13.6%), from €17.5m to €19.9m
- Taxes +€1.7m
up €1.7m, from -€794,976 to €868,405
- Services and other goods +€1.4m
up €1.4m (+53.0%), from €2.7m to €4.2m
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €96,515,962 | €124,470,161 | +€28.0m | +29.0% |
| Fixed assets | 21/28 | €60,618,151 | €83,069,189 | +€22.5m | +37.0% |
| Intangible fixed assets | 21 | - | €23,383 | +€23,383 | |
| Tangible fixed assets | 22/27 | €60,618,151 | €83,045,806 | +€22.4m | +37.0% |
| Plant, machinery and equipment | 23 | €24,688,649 | €34,680,701 | +€10.0m | +40.5% |
| Assets under construction and advance payments | 27 | €35,929,501 | €48,365,105 | +€12.4m | +34.6% |
| Current assets | 29/58 | €35,897,811 | €41,400,973 | +€5.5m | +15.3% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €4,669,837 | €2,460,764 | -€2.2m | -47.3% |
| Trade receivables | 40 | €0 | €365,740 | +€365,740 | |
| Other amounts receivable | 41 | €4,669,837 | €2,095,024 | -€2.6m | -55.1% |
| Deferred charges and accrued income | 490/1 | €31,227,974 | €38,940,209 | +€7.7m | +24.7% |
| Total equity and liabilities | 10/49 | €96,515,962 | €124,470,161 | +€28.0m | +29.0% |
| Equity | 10/15 | €38,800,117 | €39,833,678 | +€1.0m | +2.7% |
| Contributions | 10/11 | €21,985,000 | €21,985,000 | = | 0.0% |
| Capital | 10 | €21,985,000 | €21,985,000 | = | 0.0% |
| Issued capital | 100 | €21,985,000 | €21,985,000 | = | 0.0% |
| Reserves | 13 | €16,815,117 | €17,848,678 | +€1.0m | +6.1% |
| Non-distributable reserves | 130/1 | €1,474,914 | €1,526,593 | +€51,678 | +3.5% |
| Legal reserve | 130 | €1,474,914 | €1,526,593 | +€51,678 | +3.5% |
| Distributable reserves | 133 | €15,340,203 | €16,322,085 | +€981,882 | +6.4% |
| Amounts payable | 17/49 | €57,715,844 | €84,636,484 | +€26.9m | +46.6% |
| Amounts payable within one year | 42/48 | €57,577,138 | €79,939,271 | +€22.4m | +38.8% |
| Trade debts | 44 | €7,557,520 | €6,157,269 | -€1.4m | -18.5% |
| Suppliers | 440/4 | €7,557,520 | €6,157,269 | -€1.4m | -18.5% |
| Taxes, remuneration and social security | 45 | €3,997,662 | €2,289,916 | -€1.7m | -42.7% |
| Taxes | 450/3 | €3,997,662 | €2,289,916 | -€1.7m | -42.7% |
| Other amounts payable | 47/48 | €46,021,955 | €71,492,086 | +€25.5m | +55.3% |
| Accrued charges and deferred income | 492/3 | €138,707 | €4,697,212 | +€4.6m | +3,286% |
| Operating income | 70/76A | €30,374,302 | €39,133,809 | +€8.8m | +28.8% |
| Turnover | 70 | €30,363,971 | €38,776,209 | +€8.4m | +27.7% |
| Other operating income | 74 | €10,331 | €357,582 | +€347,251 | +3,361% |
| Non-recurring operating income | 76A | - | €18 | +€18 | |
| Operating charges | 60/66A | €28,331,423 | €35,951,770 | +€7.6m | +26.9% |
| Goods for resale, raw materials and consumables | 60 | €17,497,238 | €19,870,325 | +€2.4m | +13.6% |
| Purchases | 600/8 | €17,497,238 | €19,870,325 | +€2.4m | +13.6% |
| Services and other goods | 61 | €2,733,699 | €4,183,621 | +€1.4m | +53.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,099,401 | €11,896,706 | +€3.8m | +46.9% |
| Other operating charges | 640/8 | €1,086 | €1,118 | +€33 | +3.0% |
| Operating profit (loss) | 9901 | €2,042,879 | €3,182,039 | +€1.1m | +55.8% |
| Financial income | 75/76B | €129,035 | €86,277 | -€42,758 | -33.1% |
| Recurring financial income | 75 | €129,035 | €86,277 | -€42,758 | -33.1% |
| Income from current assets | 751 | €21,771 | €19,805 | -€1,967 | -9.0% |
| Other financial income | 752/9 | €107,264 | €66,472 | -€40,792 | -38.0% |
| Financial charges | 65/66B | €699,639 | €1,366,350 | +€666,712 | +95.3% |
| Recurring financial charges | 65 | €699,639 | €1,366,350 | +€666,712 | +95.3% |
| Debt charges | 650 | €635,618 | €1,307,679 | +€672,061 | +106% |
| Other financial charges | 652/9 | €64,021 | €58,672 | -€5,349 | -8.4% |
| Profit (loss) for the period before taxes | 9903 | €1,472,275 | €1,901,965 | +€429,690 | +29.2% |
| Income taxes | 67/77 | -€794,976 | €868,405 | +€1.7m | |
| Taxes | 670/3 | €408,657 | €868,405 | +€459,747 | +113% |
| Tax adjustments and reversals of tax provisions | 77 | €1,203,633 | €0 | -€1.2m | -100% |
| Profit (loss) for the period | 9904 | €2,267,251 | €1,033,560 | -€1.2m | -54.4% |
| Profit (loss) for the period to be appropriated | 9905 | €2,267,251 | €1,033,560 | -€1.2m | -54.4% |
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 30 October 2026 via checked.be.