SHIPIT MULTIMODAL LOGISTICS: 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 MULTIMODAL LOGISTICS
NACE 50.400, Inland freight water transport
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€108,261
2024 · €61,351+€46,910
Equity
€4.3m
2024 · €4.2m+€108,261
Cash
€504,696
2024 · €874,998-€370,302
Balance sheet total
€10.2m
2024 · €8.8m+€1.3m
Largest movements
Assets
- Receivables after one year +€1.4m
up €1.4m (+146%), from €977,581 to €2.4m
- Cash -€370,302
down €370,302 (-42.3%), from €874,998 to €504,696
mainly Receivables after one year (-€1.4m) and Investment in fixed assets (net) (-€748,047)
- Receivables within one year -€356,208
down €356,208 (-7.8%), from €4.5m to €4.2m
of which Other amounts receivable: -€830,680
- Tangible fixed assets +€332,915
up €332,915 (+15.3%), from €2.2m to €2.5m
of which Plant, machinery and equipment: +€300,530
- Deferred charges and accrued income +€265,982
up €265,982 (+183%), from €145,145 to €411,128
Equity and liabilities
- Trade debts +€928,080
up €928,080 (+48.7%), from €1.9m to €2.8m
- Accrued charges and deferred income +€237,370
up €237,370 (+90.2%), from €263,269 to €500,639
- Tax, wage and social debts -€160,794
down €160,794 (-54.0%), from €297,583 to €136,789
of which Taxes: -€116,737
- Debts after one year +€133,404
up €133,404 (+26.5%), from €503,684 to €637,088
- Profit (loss) carried forward +€101,761
up €101,761 (+23.6%), from €431,442 to €533,203
Income statement
- Turnover +€3.6m
up €3.6m (+20.6%), from €17.6m to €21.2m
- Goods and materials +€2.9m
up €2.9m (+20.6%), from €14.3m to €17.2m
of which Purchases: +€3.0m
- Services and other goods +€558,386
up €558,386 (+22.1%), from €2.5m to €3.1m
- Staff costs -€400,304
down €400,304 (-44.8%), from €893,595 to €493,291
- Other operating income -€378,916
down €378,916 (-66.8%), from €567,127 to €188,212
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
€61,351
Turnover
+€3.6m
Other operating income
-€378,916
Goods and materials
-€2.9m
Services and other goods
-€558,386
Staff costs
+€400,304
Depreciation
-€104,007
Write-downs
-€381
Other operating charges
-€3,662
Other operating items
-€71
Financial income
+€35,423
Financial charges
-€17,356
Taxes
-€6,082
Result 2025
€108,261
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
+€168,837
Investment
-€748,047
Financing
+€208,909
Cash 2024
€874,998
From operations (derived)
+€168,837
Net result for the year
+€108,261
Depreciation
+€404,766
Receivables after one year
-€1.4m
Stocks and contracts
-€9,225
Receivables within one year
+€356,208
Deferred charges and accrued income
-€265,982
Trade debts
+€928,080
Tax, wage and social debts
-€160,794
Accrued charges and deferred income
+€237,370
Investment (derived)
-€748,047
Investment in fixed assets (net)
-€748,047
Financing
+€208,909
Debts after one year
+€133,404
Current portion of long-term debt
+€72,616
Short-term financial debts
+€2,888
Cash 2025
€504,696
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,828,195 | €10,150,019 | +€1.3m | +15.0% |
| Fixed assets | 21/28 | €2,216,389 | €2,559,671 | +€343,281 | +15.5% |
| Intangible fixed assets | 21 | €42,116 | €52,483 | +€10,367 | +24.6% |
| Tangible fixed assets | 22/27 | €2,174,073 | €2,506,988 | +€332,915 | +15.3% |
| Plant, machinery and equipment | 23 | €539,714 | €840,244 | +€300,530 | +55.7% |
| Furniture and vehicles | 24 | €47,516 | €38,625 | -€8,892 | -18.7% |
| Other tangible fixed assets | 26 | €1,411,160 | €1,519,937 | +€108,776 | +7.7% |
| Assets under construction and advance payments | 27 | €175,682 | €108,182 | -€67,500 | -38.4% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Other financial fixed assets | 284/8 | €200 | €200 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €6,611,805 | €7,590,349 | +€978,544 | +14.8% |
| Amounts receivable after more than one year | 29 | €977,581 | €2,407,427 | +€1.4m | +146% |
| Other amounts receivable | 291 | €977,581 | €2,407,427 | +€1.4m | +146% |
| Stocks and contracts in progress | 3 | €73,753 | €82,978 | +€9,225 | +12.5% |
| Stocks | 30/36 | €73,753 | €82,978 | +€9,225 | +12.5% |
| Raw materials and consumables | 30/31 | €73,753 | €82,978 | +€9,225 | +12.5% |
| Amounts receivable within one year | 40/41 | €4,540,328 | €4,184,120 | -€356,208 | -7.8% |
| Trade receivables | 40 | €3,424,844 | €3,899,316 | +€474,472 | +13.9% |
| Other amounts receivable | 41 | €1,115,485 | €284,804 | -€830,680 | -74.5% |
| Cash at bank and in hand | 54/58 | €874,998 | €504,696 | -€370,302 | -42.3% |
| Deferred charges and accrued income | 490/1 | €145,145 | €411,128 | +€265,982 | +183% |
| Total equity and liabilities | 10/49 | €8,828,195 | €10,150,019 | +€1.3m | +15.0% |
| Equity | 10/15 | €4,229,735 | €4,337,996 | +€108,261 | +2.6% |
| Contributions | 10/11 | €3,771,875 | €3,771,875 | = | 0.0% |
| Capital | 10 | €3,771,875 | €3,771,875 | = | 0.0% |
| Issued capital | 100 | €3,771,875 | €3,771,875 | = | 0.0% |
| Reserves | 13 | €26,418 | €32,918 | +€6,500 | +24.6% |
| Non-distributable reserves | 130/1 | €26,418 | €32,918 | +€6,500 | +24.6% |
| Legal reserve | 130 | €26,418 | €32,918 | +€6,500 | +24.6% |
| Profit (loss) carried forward | 14 | €431,442 | €533,203 | +€101,761 | +23.6% |
| Amounts payable | 17/49 | €4,598,459 | €5,812,023 | +€1.2m | +26.4% |
| Amounts payable after more than one year | 17 | €503,684 | €637,088 | +€133,404 | +26.5% |
| Financial debts | 170/4 | €503,684 | €637,088 | +€133,404 | +26.5% |
| Credit institutions | 173 | €503,684 | €637,088 | +€133,404 | +26.5% |
| Amounts payable within one year | 42/48 | €3,831,506 | €4,674,296 | +€842,790 | +22.0% |
| Current portion of amounts payable after more than one year | 42 | €100,050 | €172,666 | +€72,616 | +72.6% |
| Financial debts | 43 | €1,513,928 | €1,516,816 | +€2,888 | +0.2% |
| Credit institutions | 430/8 | €1,513,928 | €1,516,816 | +€2,888 | +0.2% |
| Trade debts | 44 | €1,903,909 | €2,831,989 | +€928,080 | +48.7% |
| Suppliers | 440/4 | €1,903,909 | €2,831,989 | +€928,080 | +48.7% |
| Taxes, remuneration and social security | 45 | €297,583 | €136,789 | -€160,794 | -54.0% |
| Taxes | 450/3 | €196,632 | €79,896 | -€116,737 | -59.4% |
| Remuneration and social security | 454/9 | €100,951 | €56,893 | -€44,058 | -43.6% |
| Other amounts payable | 47/48 | €16,037 | €16,037 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €263,269 | €500,639 | +€237,370 | +90.2% |
| Operating income | 70/76A | €18,161,718 | €21,410,469 | +€3.2m | +17.9% |
| Turnover | 70 | €17,594,591 | €21,222,258 | +€3.6m | +20.6% |
| Other operating income | 74 | €567,127 | €188,212 | -€378,916 | -66.8% |
| Operating charges | 60/66A | €18,050,510 | €21,264,337 | +€3.2m | +17.8% |
| Goods for resale, raw materials and consumables | 60 | €14,301,243 | €17,248,867 | +€2.9m | +20.6% |
| Purchases | 600/8 | €14,297,520 | €17,258,092 | +€3.0m | +20.7% |
| Change in stocks: decrease (increase) | 609 | €3,723 | -€9,225 | -€12,948 | |
| Services and other goods | 61 | €2,531,342 | €3,089,727 | +€558,386 | +22.1% |
| Remuneration, social security and pensions | 62 | €893,595 | €493,291 | -€400,304 | -44.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €300,759 | €404,766 | +€104,007 | +34.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €381 | +€381 | |
| Other operating charges | 640/8 | €23,572 | €27,233 | +€3,662 | +15.5% |
| Non-recurring operating charges | 66A | - | €71 | +€71 | |
| Operating profit (loss) | 9901 | €111,208 | €146,133 | +€34,925 | +31.4% |
| Financial income | 75/76B | €57,858 | €93,281 | +€35,423 | +61.2% |
| Recurring financial income | 75 | €57,858 | €93,281 | +€35,423 | +61.2% |
| Income from current assets | 751 | €57,858 | €93,281 | +€35,423 | +61.2% |
| Financial charges | 65/66B | €56,243 | €73,600 | +€17,356 | +30.9% |
| Recurring financial charges | 65 | €56,243 | €73,600 | +€17,356 | +30.9% |
| Debt charges | 650 | €46,328 | €63,430 | +€17,102 | +36.9% |
| Other financial charges | 652/9 | €9,916 | €10,170 | +€254 | +2.6% |
| Profit (loss) for the period before taxes | 9903 | €112,822 | €165,814 | +€52,992 | +47.0% |
| Income taxes | 67/77 | €51,472 | €57,553 | +€6,082 | +11.8% |
| Taxes | 670/3 | €51,472 | €57,553 | +€6,082 | +11.8% |
| Profit (loss) for the period | 9904 | €61,351 | €108,261 | +€46,910 | +76.5% |
| Profit (loss) for the period to be appropriated | 9905 | €61,351 | €108,261 | +€46,910 | +76.5% |
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.