SHIPCARE: 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.
SHIPCARE
Largest movements
- Cash -€114,181
down €114,181 (-13.5%), from €843,398 to €729,217
mainly Investment in fixed assets (net) (-€234,313) and Debts after one year (-€58,820)
- Tangible fixed assets +€91,360
up €91,360 (+25.7%), from €355,846 to €447,206
of which Other tangible fixed assets: +€161,231
- Profit (loss) carried forward -€220,568
down €220,568, from €180,243 to -€40,325
- Trade debts +€152,223
up €152,223 (+30.9%), from €493,201 to €645,423
- Reserves +€131,671
up €131,671 (+17.7%), from €743,198 to €874,868
- Debts after one year -€58,820
down €58,820 (-36.3%), from €161,989 to €103,169
- Short-term financial debts -€33,810
no longer reported in 2025 (was €33,810)
- Gross operating margin -€242,884
down €242,884 (-28.5%), from €852,692 to €609,808
- Taxes -€61,529
down €61,529 (-98.7%), from €62,356 to €826
- Depreciation +€49,307
up €49,307 (+52.7%), from €93,647 to €142,954
- Staff costs -€10,639
down €10,639 (-2.1%), from €504,621 to €493,982
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 | €1,805,702 | €1,788,933 | -€16,769 | -0.9% |
| Fixed assets | 21/28 | €356,141 | €447,501 | +€91,360 | +25.7% |
| Tangible fixed assets | 22/27 | €355,846 | €447,206 | +€91,360 | +25.7% |
| Plant, machinery and equipment | 23 | €84,119 | €66,057 | -€18,062 | -21.5% |
| Furniture and vehicles | 24 | €29,994 | €45,900 | +€15,906 | +53.0% |
| Leasing and similar rights | 25 | €239,959 | €172,244 | -€67,715 | -28.2% |
| Other tangible fixed assets | 26 | €1,774 | €163,005 | +€161,231 | +9,087% |
| Financial fixed assets | 28 | €295 | €295 | = | 0.0% |
| Current assets | 29/58 | €1,449,561 | €1,341,433 | -€108,129 | -7.5% |
| Stocks and contracts in progress | 3 | €22,071 | €37,152 | +€15,081 | +68.3% |
| Stocks | 30/36 | €22,071 | €37,152 | +€15,081 | +68.3% |
| Amounts receivable within one year | 40/41 | €570,845 | €560,964 | -€9,881 | -1.7% |
| Trade receivables | 40 | €442,839 | €398,735 | -€44,104 | -10.0% |
| Other amounts receivable | 41 | €128,006 | €162,229 | +€34,224 | +26.7% |
| Cash at bank and in hand | 54/58 | €843,398 | €729,217 | -€114,181 | -13.5% |
| Deferred charges and accrued income | 490/1 | €13,247 | €14,099 | +€852 | +6.4% |
| Total equity and liabilities | 10/49 | €1,805,702 | €1,788,933 | -€16,769 | -0.9% |
| Equity | 10/15 | €943,901 | €855,003 | -€88,898 | -9.4% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €743,198 | €874,868 | +€131,671 | +17.7% |
| Distributable reserves | 133 | €743,198 | €874,868 | +€131,671 | +17.7% |
| Profit (loss) carried forward | 14 | €180,243 | -€40,325 | -€220,568 | |
| Amounts payable | 17/49 | €861,802 | €933,930 | +€72,129 | +8.4% |
| Amounts payable after more than one year | 17 | €161,989 | €103,169 | -€58,820 | -36.3% |
| Financial debts | 170/4 | €161,989 | €103,169 | -€58,820 | -36.3% |
| Amounts payable within one year | 42/48 | €699,813 | €830,762 | +€130,949 | +18.7% |
| Current portion of amounts payable after more than one year | 42 | €70,015 | €58,820 | -€11,195 | -16.0% |
| Financial debts | 43 | €33,810 | - | -€33,810 | |
| Credit institutions | 430/8 | €33,810 | - | -€33,810 | |
| Trade debts | 44 | €493,201 | €645,423 | +€152,223 | +30.9% |
| Suppliers | 440/4 | €493,201 | €645,423 | +€152,223 | +30.9% |
| Taxes, remuneration and social security | 45 | €101,480 | €114,076 | +€12,596 | +12.4% |
| Taxes | 450/3 | €4,549 | €19,203 | +€14,654 | +322% |
| Remuneration and social security | 454/9 | €96,931 | €94,873 | -€2,058 | -2.1% |
| Other amounts payable | 47/48 | €1,307 | €12,442 | +€11,135 | +852% |
| Remuneration, social security and pensions | 62 | €504,621 | €493,982 | -€10,639 | -2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €93,647 | €142,954 | +€49,307 | +52.7% |
| Other operating charges | 640/8 | €4,173 | €7,193 | +€3,020 | +72.4% |
| Gross operating margin | 9900 | €852,692 | €609,808 | -€242,884 | -28.5% |
| Operating profit (loss) | 9901 | €250,251 | -€34,320 | -€284,571 | |
| Financial income | 75/76B | €3,880 | €7,181 | +€3,300 | +85.0% |
| Recurring financial income | 75 | €3,880 | €7,181 | +€3,300 | +85.0% |
| Financial charges | 65/66B | €11,533 | €12,359 | +€827 | +7.2% |
| Recurring financial charges | 65 | €11,533 | €12,359 | +€827 | +7.2% |
| Profit (loss) for the period before taxes | 9903 | €242,599 | -€39,499 | -€282,098 | |
| Income taxes | 67/77 | €62,356 | €826 | -€61,529 | -98.7% |
| Profit (loss) for the period | 9904 | €180,243 | -€40,325 | -€220,568 | |
| Profit (loss) for the period to be appropriated | 9905 | €180,243 | -€40,325 | -€220,568 |
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 14 October 2026 via checked.be.