Prax Shipping II: what changed
Prax Shipping II
Largest movements
- Tangible fixed assets -€838,275
down €838,275 (-22.7%), from €3.7m to €2.9m
- Cash -€482,398
down €482,398 (-87.6%), from €550,891 to €68,493
mainly Net result for the year (-€1.1m) and Short-term financial debts (-€265,445)
- Receivables within one year -€138,783
down €138,783 (-12.2%), from €1.1m to €999,879
of which Other amounts receivable: -€461,524
- Profit (loss) carried forward -€1.1m
down €1.1m (-45.5%), from -€2.3m to -€3.4m
- Short-term financial debts -€265,445
down €265,445 (-4.2%), from €6.4m to €6.1m
of which Credit institutions: -€158,463
- Trade debts -€154,540
down €154,540 (-85.0%), from €181,707 to €27,167
- Gross operating margin -€488,664
down €488,664 (-66.5%), from €735,037 to €246,373
- Turnover -€310,944
down €310,944 (-12.3%), from €2.5m to €2.2m
- Financial income -€211,821
down €211,821 (-55.9%), from €379,256 to €167,435
- Purchases and services +€177,720
up €177,720 (+10.0%), from €1.8m to €2.0m
- Financial charges +€129,194
up €129,194 (+26.0%), from €495,967 to €625,161
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,379,515 | €3,920,059 | -€1.5m | -27.1% |
| Fixed assets | 21/28 | €3,689,962 | €2,851,687 | -€838,275 | -22.7% |
| Tangible fixed assets | 22/27 | €3,689,962 | €2,851,687 | -€838,275 | -22.7% |
| Other tangible fixed assets | 26 | €3,689,962 | €2,851,687 | -€838,275 | -22.7% |
| Current assets | 29/58 | €1,689,553 | €1,068,372 | -€621,181 | -36.8% |
| Amounts receivable within one year | 40/41 | €1,138,662 | €999,879 | -€138,783 | -12.2% |
| Trade receivables | 40 | - | €322,741 | +€322,741 | |
| Other amounts receivable | 41 | €1,138,662 | €677,138 | -€461,524 | -40.5% |
| Cash at bank and in hand | 54/58 | €550,891 | €68,493 | -€482,398 | -87.6% |
| Total equity and liabilities | 10/49 | €5,379,515 | €3,920,059 | -€1.5m | -27.1% |
| Equity | 10/15 | -€1,806,357 | -€2,856,378 | -€1.1m | -58.1% |
| Contributions | 10/11 | €501,000 | €501,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,307,357 | -€3,357,378 | -€1.1m | -45.5% |
| Amounts payable | 17/49 | €7,185,872 | €6,776,437 | -€409,435 | -5.7% |
| Amounts payable within one year | 42/48 | €7,098,897 | €6,678,912 | -€419,985 | -5.9% |
| Financial debts | 43 | €6,364,575 | €6,099,130 | -€265,445 | -4.2% |
| Credit institutions | 430/8 | €3,211,348 | €3,052,885 | -€158,463 | -4.9% |
| Other loans | 439 | €3,153,227 | €3,046,245 | -€106,982 | -3.4% |
| Trade debts | 44 | €181,707 | €27,167 | -€154,540 | -85.0% |
| Suppliers | 440/4 | €181,707 | €27,167 | -€154,540 | -85.0% |
| Taxes, remuneration and social security | 45 | €552,615 | €552,615 | = | 0.0% |
| Taxes | 450/3 | €552,615 | €552,615 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €86,975 | €97,525 | +€10,550 | +12.1% |
| Turnover | 70 | €2,518,269 | €2,207,325 | -€310,944 | -12.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,783,232 | €1,960,952 | +€177,720 | +10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €838,275 | €838,275 | = | 0.0% |
| Other operating charges | 640/8 | €609 | €393 | -€216 | -35.5% |
| Gross operating margin | 9900 | €735,037 | €246,373 | -€488,664 | -66.5% |
| Operating profit (loss) | 9901 | -€103,847 | -€592,295 | -€488,448 | -470% |
| Financial income | 75/76B | €379,256 | €167,435 | -€211,821 | -55.9% |
| Recurring financial income | 75 | €379,256 | €167,435 | -€211,821 | -55.9% |
| Financial charges | 65/66B | €495,967 | €625,161 | +€129,194 | +26.0% |
| Recurring financial charges | 65 | €495,967 | €625,161 | +€129,194 | +26.0% |
| Profit (loss) for the period before taxes | 9903 | -€220,558 | -€1,050,021 | -€829,463 | -376% |
| Income taxes | 67/77 | €69,702 | - | -€69,702 | |
| Profit (loss) for the period | 9904 | -€290,260 | -€1,050,021 | -€759,761 | -262% |
| Profit (loss) for the period to be appropriated | 9905 | -€290,260 | -€1,050,021 | -€759,761 | -262% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 29 February 2024 and 28 February 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.