Shiperise: 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.
Shiperise
Largest movements
- Stocks and contracts +€401,689
up €401,689 (+1307.7%), from €30,717 to €432,406
- Cash -€173,658
down €173,658 (-56.3%), from €308,378 to €134,721
mainly Stocks and contracts (-€401,689) and Debts after one year (-€175,000)
- Receivables within one year +€13,393
up €13,393 (+159.0%), from €8,423 to €21,816
of which Trade receivables: +€13,670
- Intangible fixed assets -€10,960
down €10,960 (-41.9%), from €26,153 to €15,193
- Other debts +€465,474
up €465,474 (+6232.8%), from €7,468 to €472,942
- Debts after one year -€175,000
down €175,000 (-49.1%), from €356,677 to €181,677
- Profit (loss) carried forward -€114,391
down €114,391 (-134.0%), from -€85,361 to -€199,752
- Trade debts +€54,329
up €54,329 (+788.9%), from €6,886 to €61,215
- Financial charges +€35,401
up €35,401 (+518.3%), from €6,830 to €42,230
of which Financial charges: +€35,387
- Gross operating margin +€16,216
up €16,216 (+21.2%), from -€76,644 to -€60,429
- Depreciation +€3,622
up €3,622 (+49.4%), from €7,338 to €10,960
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.
Cash bridge derived
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 | €373,671 | €604,135 | +€230,464 | +61.7% |
| Fixed assets | 21/28 | €26,153 | €15,193 | -€10,960 | -41.9% |
| Intangible fixed assets | 21 | €26,153 | €15,193 | -€10,960 | -41.9% |
| Current assets | 29/58 | €347,518 | €588,942 | +€241,424 | +69.5% |
| Stocks and contracts in progress | 3 | €30,717 | €432,406 | +€401,689 | +1307.7% |
| Stocks | 30/36 | €30,717 | €432,406 | +€401,689 | +1307.7% |
| Amounts receivable within one year | 40/41 | €8,423 | €21,816 | +€13,393 | +159.0% |
| Trade receivables | 40 | €745 | €14,415 | +€13,670 | +1834.8% |
| Other amounts receivable | 41 | €7,678 | €7,401 | -€277 | -3.6% |
| Cash at bank and in hand | 54/58 | €308,378 | €134,721 | -€173,658 | -56.3% |
| Total equity and liabilities | 10/49 | €373,671 | €604,135 | +€230,464 | +61.7% |
| Equity | 10/15 | €2,639 | -€111,752 | -€114,391 | |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Capital | 10 | €80,000 | €80,000 | = | 0.0% |
| Issued capital | 100 | €80,000 | €80,000 | = | 0.0% |
| Reserves | 13 | €8,000 | €8,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,000 | €8,000 | = | 0.0% |
| Legal reserve | 130 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€85,361 | -€199,752 | -€114,391 | -134.0% |
| Amounts payable | 17/49 | €371,032 | €715,887 | +€344,855 | +92.9% |
| Amounts payable after more than one year | 17 | €356,677 | €181,677 | -€175,000 | -49.1% |
| Financial debts | 170/4 | €356,677 | €181,677 | -€175,000 | -49.1% |
| Amounts payable within one year | 42/48 | €14,355 | €534,210 | +€519,855 | +3621.5% |
| Trade debts | 44 | €6,886 | €61,215 | +€54,329 | +788.9% |
| Suppliers | 440/4 | €6,886 | €61,215 | +€54,329 | +788.9% |
| Taxes, remuneration and social security | 45 | - | €53 | +€53 | |
| Taxes | 450/3 | - | €53 | +€53 | |
| Other amounts payable | 47/48 | €7,468 | €472,942 | +€465,474 | +6232.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,338 | €10,960 | +€3,622 | +49.4% |
| Other operating charges | 640/8 | €384 | €787 | +€403 | +104.7% |
| Gross operating margin | 9900 | -€76,644 | -€60,429 | +€16,216 | +21.2% |
| Operating profit (loss) | 9901 | -€84,367 | -€72,176 | +€12,191 | +14.5% |
| Financial income | 75/76B | €136 | €21 | -€116 | -84.8% |
| Recurring financial income | 75 | €136 | €21 | -€116 | -84.8% |
| Financial charges | 65/66B | €6,830 | €42,230 | +€35,401 | +518.3% |
| Recurring financial charges | 65 | €6,830 | €42,216 | +€35,387 | +518.1% |
| Non-recurring financial charges | 66B | - | €14 | +€14 | |
| Profit (loss) for the period before taxes | 9903 | -€91,061 | -€114,385 | -€23,325 | -25.6% |
| Income taxes | 67/77 | - | €6 | +€6 | |
| Profit (loss) for the period | 9904 | -€91,061 | -€114,391 | -€23,331 | -25.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€91,061 | -€114,391 | -€23,331 | -25.6% |
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 10 October 2026 via checked.be.