Shark Ice: 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.
Shark Ice
Largest movements
- Receivables within one year +€33,742
up €33,742 (+229%), from €14,734 to €48,476
of which Trade receivables: +€36,507
- Tangible fixed assets -€14,003
down €14,003 (-16.3%), from €86,141 to €72,139
of which Other tangible fixed assets: -€13,134
- Other debts +€38,930
up €38,930 (+159%), from €24,450 to €63,380
- Trade debts -€18,476
down €18,476 (-54.5%), from €33,910 to €15,434
- Debts after one year -€5,939
down €5,939 (-37.0%), from €16,033 to €10,094
- Tax, wage and social debts +€4,104
up €4,104 (+50.3%), from €8,156 to €12,260
of which Remuneration and social security: +€6,928
- Gross operating margin +€28,111
up €28,111 (+73.2%), from €38,417 to €66,528
- Staff costs -€16,226
down €16,226 (-45.5%), from €35,676 to €19,450
- Taxes +€958
up €958 (+20.9%), from €4,576 to €5,534
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 | €120,648 | €139,923 | +€19,275 | +16.0% |
| Fixed assets | 21/28 | €89,481 | €75,479 | -€14,003 | -15.6% |
| Tangible fixed assets | 22/27 | €86,141 | €72,139 | -€14,003 | -16.3% |
| Plant, machinery and equipment | 23 | €2,000 | €1,400 | -€600 | -30.0% |
| Furniture and vehicles | 24 | €538 | €269 | -€269 | -50.0% |
| Other tangible fixed assets | 26 | €83,603 | €70,470 | -€13,134 | -15.7% |
| Financial fixed assets | 28 | €3,340 | €3,340 | = | 0.0% |
| Current assets | 29/58 | €31,167 | €64,445 | +€33,278 | +107% |
| Amounts receivable within one year | 40/41 | €14,734 | €48,476 | +€33,742 | +229% |
| Trade receivables | 40 | €10,469 | €46,976 | +€36,507 | +349% |
| Other amounts receivable | 41 | €4,265 | €1,500 | -€2,765 | -64.8% |
| Cash at bank and in hand | 54/58 | €16,433 | €15,969 | -€464 | -2.8% |
| Total equity and liabilities | 10/49 | €120,648 | €139,923 | +€19,275 | +16.0% |
| Equity | 10/15 | €29,995 | €30,492 | +€496 | +1.7% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Capital | 10 | €3,500 | €3,500 | = | 0.0% |
| Issued capital | 100 | €3,500 | €3,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,495 | €26,992 | +€496 | +1.9% |
| Amounts payable | 17/49 | €90,653 | €109,432 | +€18,779 | +20.7% |
| Amounts payable after more than one year | 17 | €16,033 | €10,094 | -€5,939 | -37.0% |
| Financial debts | 170/4 | €16,033 | €10,094 | -€5,939 | -37.0% |
| Amounts payable within one year | 42/48 | €74,620 | €99,338 | +€24,718 | +33.1% |
| Current portion of amounts payable after more than one year | 42 | €5,995 | €5,939 | -€56 | -0.9% |
| Trade debts | 44 | €33,910 | €15,434 | -€18,476 | -54.5% |
| Suppliers | 440/4 | €33,910 | €15,434 | -€18,476 | -54.5% |
| Advances received on contracts in progress | 46 | €2,109 | €2,324 | +€215 | +10.2% |
| Taxes, remuneration and social security | 45 | €8,156 | €12,260 | +€4,104 | +50.3% |
| Taxes | 450/3 | €3,781 | €957 | -€2,824 | -74.7% |
| Remuneration and social security | 454/9 | €4,375 | €11,303 | +€6,928 | +158% |
| Other amounts payable | 47/48 | €24,450 | €63,380 | +€38,930 | +159% |
| Remuneration, social security and pensions | 62 | €35,676 | €19,450 | -€16,226 | -45.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,003 | €14,003 | = | 0.0% |
| Other operating charges | 640/8 | €1,692 | €1,291 | -€402 | -23.7% |
| Gross operating margin | 9900 | €38,417 | €66,528 | +€28,111 | +73.2% |
| Operating profit (loss) | 9901 | -€12,954 | €31,784 | +€44,739 | |
| Financial income | 75/76B | €39 | - | -€39 | |
| Recurring financial income | 75 | €39 | - | -€39 | |
| Financial charges | 65/66B | €2,141 | €1,754 | -€387 | -18.1% |
| Recurring financial charges | 65 | €2,141 | €1,754 | -€387 | -18.1% |
| Profit (loss) for the period before taxes | 9903 | -€15,057 | €30,030 | +€45,086 | |
| Income taxes | 67/77 | €4,576 | €5,534 | +€958 | +20.9% |
| Profit (loss) for the period | 9904 | -€19,632 | €24,496 | +€44,129 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,632 | €24,496 | +€44,129 |
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 23 October 2026 via checked.be.