Shipit Group: 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.
What changed
Shipit Group
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€14,485
2024 · €11,172-€25,657
Equity
€6.1m
2024 · €6.1m-€14,485
Cash
€7,293
2024 · €78,810-€71,517
Balance sheet total
€13.9m
2024 · €10.8m+€3.1m
Largest movements
Assets
- Financial fixed assets +€2.7m
up €2.7m (+26.9%), from €10.0m to €12.7m
of which Affiliated companies: +€2.7m
- Receivables within one year +€613,264
up €613,264 (+147%), from €416,105 to €1.0m
of which Other amounts receivable: +€495,462
- Intangible fixed assets -€198,646
no longer reported in 2025 (was €198,646)
Equity and liabilities
- Debts after one year +€1.7m
up €1.7m (+38.8%), from €4.5m to €6.2m
- Other debts +€426,630
up €426,630 (+5,097%), from €8,370 to €435,000
- Current portion of long-term debt +€326,667
new in 2025: €326,667
- Accrued charges and deferred income +€232,523
up €232,523 (+410%), from €56,763 to €289,286
- Tax, wage and social debts +€203,432
up €203,432 (+4,862%), from €4,185 to €207,617
of which Taxes: +€187,324
Income statement
- Turnover +€1.1m
up €1.1m (+1,421%), from €79,843 to €1.2m
- Services and other goods +€669,807
up €669,807 (+120,926%), from €554 to €670,361
- Staff costs +€338,581
new in 2025: €338,581
- Financial charges +€208,884
up €208,884 (+286%), from €73,039 to €281,924
- Financial income +€59,230
up €59,230 (+442%), from €13,398 to €72,628
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.
Result 2024
€11,172
Turnover
+€1.1m
Other operating income
+€8,125
Services and other goods
-€669,807
Staff costs
-€338,581
Depreciation
-€9,610
Other operating charges
-€1,134
Other operating items
+€30
Financial income
+€59,230
Financial charges
-€208,884
Taxes
+€267
Result 2025
-€14,485
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€373,478
Investment
-€2.5m
Financing
+€2.1m
Cash 2024
€78,810
From operations (derived)
+€373,478
Net result for the year
-€14,485
Depreciation
+€13,515
Receivables within one year
-€613,264
Deferred charges and accrued income
-€66,543
Trade debts
+€191,671
Tax, wage and social debts
+€203,432
Other debts
+€426,630
Accrued charges and deferred income
+€232,523
Investment (derived)
-€2.5m
Investment in fixed assets (net)
-€2.5m
Financing
+€2.1m
Debts after one year
+€1.7m
Current portion of long-term debt
+€326,667
Cash 2025
€7,293
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,827,604 | €13,933,279 | +€3.1m | +28.7% |
| Formation expenses | 20 | €63,142 | €49,739 | -€13,403 | -21.2% |
| Fixed assets | 21/28 | €10,241,422 | €12,752,210 | +€2.5m | +24.5% |
| Intangible fixed assets | 21 | €198,646 | - | -€198,646 | |
| Tangible fixed assets | 22/27 | - | €9,732 | +€9,732 | |
| Furniture and vehicles | 24 | - | €1,232 | +€1,232 | |
| Assets under construction and advance payments | 27 | - | €8,500 | +€8,500 | |
| Financial fixed assets | 28 | €10,042,776 | €12,742,477 | +€2.7m | +26.9% |
| Affiliated companies | 280/1 | €8,627,751 | €11,327,452 | +€2.7m | +31.3% |
| Participating interests | 280 | €8,627,751 | €8,827,452 | +€199,702 | +2.3% |
| Amounts receivable | 281 | - | €2,500,000 | +€2.5m | |
| Companies linked by participating interests | 282/3 | €1,415,025 | €1,415,025 | = | 0.0% |
| Participating interests | 282 | €1,415,025 | €1,415,025 | = | 0.0% |
| Current assets | 29/58 | €523,040 | €1,131,331 | +€608,291 | +116% |
| Amounts receivable within one year | 40/41 | €416,105 | €1,029,369 | +€613,264 | +147% |
| Trade receivables | 40 | €93,241 | €211,043 | +€117,802 | +126% |
| Other amounts receivable | 41 | €322,864 | €818,326 | +€495,462 | +153% |
| Cash at bank and in hand | 54/58 | €78,810 | €7,293 | -€71,517 | -90.7% |
| Deferred charges and accrued income | 490/1 | €28,125 | €94,668 | +€66,543 | +237% |
| Total equity and liabilities | 10/49 | €10,827,604 | €13,933,279 | +€3.1m | +28.7% |
| Equity | 10/15 | €6,075,049 | €6,060,564 | -€14,485 | -0.2% |
| Contributions | 10/11 | €5,933,116 | €5,933,116 | = | 0.0% |
| Reserves | 13 | €141,933 | €127,448 | -€14,485 | -10.2% |
| Tax-exempt reserves | 132 | €113,114 | €104,170 | -€8,944 | -7.9% |
| Distributable reserves | 133 | €28,819 | €23,277 | -€5,541 | -19.2% |
| Amounts payable | 17/49 | €4,752,555 | €7,872,715 | +€3.1m | +65.7% |
| Amounts payable after more than one year | 17 | €4,481,523 | €6,220,761 | +€1.7m | +38.8% |
| Financial debts | 170/4 | €4,481,523 | €6,220,761 | +€1.7m | +38.8% |
| Subordinated loans | 170 | €800,000 | €800,000 | = | 0.0% |
| Credit institutions | 173 | €1,960,000 | €1,633,333 | -€326,667 | -16.7% |
| Other loans | 174 | €1,721,523 | €3,787,427 | +€2.1m | +120% |
| Amounts payable within one year | 42/48 | €214,268 | €1,362,668 | +€1.1m | +536% |
| Current portion of amounts payable after more than one year | 42 | - | €326,667 | +€326,667 | |
| Trade debts | 44 | €201,713 | €393,384 | +€191,671 | +95.0% |
| Suppliers | 440/4 | €201,713 | €393,384 | +€191,671 | +95.0% |
| Taxes, remuneration and social security | 45 | €4,185 | €207,617 | +€203,432 | +4,862% |
| Taxes | 450/3 | €4,185 | €191,508 | +€187,324 | +4,477% |
| Remuneration and social security | 454/9 | - | €16,109 | +€16,109 | |
| Other amounts payable | 47/48 | €8,370 | €435,000 | +€426,630 | +5,097% |
| Accrued charges and deferred income | 492/3 | €56,763 | €289,286 | +€232,523 | +410% |
| Operating income | 70/76A | €79,843 | €1,222,706 | +€1.1m | +1,431% |
| Turnover | 70 | €79,843 | €1,214,551 | +€1.1m | +1,421% |
| Other operating income | 74 | - | €8,125 | +€8,125 | |
| Non-recurring operating income | 76A | - | €30 | +€30 | |
| Operating charges | 60/66A | €4,845 | €1,023,979 | +€1.0m | +21,033% |
| Services and other goods | 61 | €554 | €670,361 | +€669,807 | +120,926% |
| Remuneration, social security and pensions | 62 | - | €338,581 | +€338,581 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,904 | €13,515 | +€9,610 | +246% |
| Other operating charges | 640/8 | €387 | €1,522 | +€1,134 | +293% |
| Operating profit (loss) | 9901 | €74,998 | €198,728 | +€123,730 | +165% |
| Financial income | 75/76B | €13,398 | €72,628 | +€59,230 | +442% |
| Recurring financial income | 75 | €13,398 | €72,628 | +€59,230 | +442% |
| Income from current assets | 751 | - | €72,628 | +€72,628 | |
| Other financial income | 752/9 | €13,398 | - | -€13,398 | |
| Financial charges | 65/66B | €73,039 | €281,924 | +€208,884 | +286% |
| Recurring financial charges | 65 | €73,039 | €281,924 | +€208,884 | +286% |
| Debt charges | 650 | €71,876 | €276,515 | +€204,639 | +285% |
| Other financial charges | 652/9 | €1,163 | €5,408 | +€4,245 | +365% |
| Profit (loss) for the period before taxes | 9903 | €15,356 | -€10,568 | -€25,924 | |
| Income taxes | 67/77 | €4,185 | €3,917 | -€267 | -6.4% |
| Taxes | 670/3 | €4,185 | €3,994 | -€190 | -4.5% |
| Tax adjustments and reversals of tax provisions | 77 | - | €77 | +€77 | |
| Profit (loss) for the period | 9904 | €11,172 | -€14,485 | -€25,657 | |
| Transfer from tax-exempt reserves | 789 | - | €8,944 | +€8,944 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,172 | -€5,541 | -€16,713 |
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 25 October 2026 via checked.be.