PRAX SHIPPING I: 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.
PRAX SHIPPING I
Largest movements
- Tangible fixed assets -€948,721
down €948,721 (-19.0%), from €5.0m to €4.1m
of which Other tangible fixed assets: -€1.1m
- Receivables within one year -€620,593
down €620,593 (-30.7%), from €2.0m to €1.4m
- Cash +€583,947
up €583,947 (+94.6%), from €617,558 to €1.2m
mainly Depreciation (+€834,777) and Receivables within one year (+€620,593)
- Profit (loss) carried forward -€828,385
down €828,385 (-49.9%), from -€1.7m to -€2.5m
- Accrued charges and deferred income +€390,961
up €390,961 (+770%), from €50,804 to €441,765
- Short-term financial debts -€345,513
down €345,513 (-4.5%), from €7.6m to €7.3m
of which Credit institutions: -€200,813
- Trade debts -€190,892
down €190,892 (-67.5%), from €282,903 to €92,011
- Gross operating margin +€271,497
up €271,497 (+80.3%), from €337,982 to €609,479
- Turnover +€216,482
up €216,482 (+6.8%), from €3.2m to €3.4m
- Depreciation -€216,225
down €216,225 (-20.6%), from €1.1m to €834,777
- Financial charges +€123,981
up €123,981 (+33.8%), from €367,030 to €491,011
- Financial income -€109,533
down €109,533 (-35.6%), from €307,714 to €198,181
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 | €7,640,642 | €6,655,275 | -€985,367 | -12.9% |
| Fixed assets | 21/28 | €5,001,153 | €4,052,432 | -€948,721 | -19.0% |
| Tangible fixed assets | 22/27 | €5,001,153 | €4,052,432 | -€948,721 | -19.0% |
| Plant, machinery and equipment | 23 | - | €160,892 | +€160,892 | |
| Other tangible fixed assets | 26 | €5,001,153 | €3,891,540 | -€1.1m | -22.2% |
| Current assets | 29/58 | €2,639,489 | €2,602,843 | -€36,646 | -1.4% |
| Amounts receivable within one year | 40/41 | €2,021,931 | €1,401,338 | -€620,593 | -30.7% |
| Other amounts receivable | 41 | €2,021,931 | €1,401,338 | -€620,593 | -30.7% |
| Cash at bank and in hand | 54/58 | €617,558 | €1,201,505 | +€583,947 | +94.6% |
| Total equity and liabilities | 10/49 | €7,640,642 | €6,655,275 | -€985,367 | -12.9% |
| Equity | 10/15 | -€1,157,625 | -€1,986,010 | -€828,385 | -71.6% |
| Contributions | 10/11 | €501,000 | €501,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,658,625 | -€2,487,010 | -€828,385 | -49.9% |
| Amounts payable | 17/49 | €8,798,267 | €8,641,285 | -€156,982 | -1.8% |
| Amounts payable within one year | 42/48 | €8,747,463 | €8,199,520 | -€547,943 | -6.3% |
| Financial debts | 43 | €7,611,280 | €7,265,767 | -€345,513 | -4.5% |
| Credit institutions | 430/8 | €2,217,910 | €2,017,097 | -€200,813 | -9.1% |
| Other loans | 439 | €5,393,370 | €5,248,670 | -€144,700 | -2.7% |
| Trade debts | 44 | €282,903 | €92,011 | -€190,892 | -67.5% |
| Suppliers | 440/4 | €282,903 | €92,011 | -€190,892 | -67.5% |
| Taxes, remuneration and social security | 45 | €853,280 | €841,742 | -€11,538 | -1.4% |
| Taxes | 450/3 | €853,280 | €841,742 | -€11,538 | -1.4% |
| Accrued charges and deferred income | 492/3 | €50,804 | €441,765 | +€390,961 | +770% |
| Turnover | 70 | €3,196,438 | €3,412,920 | +€216,482 | +6.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €2,858,456 | €2,803,441 | -€55,015 | -1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,051,002 | €834,777 | -€216,225 | -20.6% |
| Other operating charges | 640/8 | €609 | €21,274 | +€20,665 | +3,393% |
| Non-recurring operating charges | 66A | - | €288,983 | +€288,983 | |
| Gross operating margin | 9900 | €337,982 | €609,479 | +€271,497 | +80.3% |
| Operating profit (loss) | 9901 | -€713,629 | -€535,555 | +€178,074 | +25.0% |
| Financial income | 75/76B | €307,714 | €198,181 | -€109,533 | -35.6% |
| Recurring financial income | 75 | €307,714 | €198,181 | -€109,533 | -35.6% |
| Financial charges | 65/66B | €367,030 | €491,011 | +€123,981 | +33.8% |
| Recurring financial charges | 65 | €367,030 | €491,011 | +€123,981 | +33.8% |
| Profit (loss) for the period before taxes | 9903 | -€772,945 | -€828,385 | -€55,440 | -7.2% |
| Income taxes | 67/77 | €89,270 | - | -€89,270 | |
| Profit (loss) for the period | 9904 | -€862,215 | -€828,385 | +€33,830 | +3.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€862,215 | -€828,385 | +€33,830 | +3.9% |
Source: filed annual accounts (NBB), financial years ended 29 February 2024 and 28 February 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.