SHIPNEXT: what changed
Two fiscal 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.
SHIPNEXT
Largest movements
- Receivables within one year -€50,477
down €50,477 (-38.0%), from €132,782 to €82,304
of which Other amounts receivable: -€40,493
- Deferred charges and accrued income +€4,534
up €4,534 (+1004.1%), from €451 to €4,985
- Cash -€2,531
down €2,531 (-87.2%), from €2,904 to €372
mainly Net result for the year (-€305,444) and Deferred charges and accrued income (-€4,534)
- Profit (loss) carried forward -€305,444
down €305,444 (-29.5%), from -€1.0m to -€1.3m
- Other debts +€101,749
up €101,749 (+9.5%), from €1.1m to €1.2m
- Trade debts +€84,657
up €84,657 (+404.3%), from €20,941 to €105,598
- Tax, wage and social debts +€70,563
up €70,563 (+87.5%), from €80,685 to €151,248
of which Remuneration and social security: +€58,627
- Gross operating margin +€823,572
up €823,572, from -€680,990 to €142,583
- Staff costs +€145,434
up €145,434 (+40.3%), from €360,636 to €506,070
- Financial income -€47,427
down €47,427 (-36.6%), from €129,730 to €82,303
of which Financial income: -€47,427
- Financial charges -€25,614
down €25,614 (-52.5%), from €48,818 to €23,204
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 | €160,073 | €111,598 | -€48,475 | -30.3% |
| Fixed assets | 21/28 | €4,095 | €4,095 | = | 0.0% |
| Financial fixed assets | 28 | €4,095 | €4,095 | = | 0.0% |
| Current assets | 29/58 | €155,978 | €107,503 | -€48,475 | -31.1% |
| Amounts receivable within one year | 40/41 | €132,782 | €82,304 | -€50,477 | -38.0% |
| Trade receivables | 40 | €10,832 | €848 | -€9,985 | -92.2% |
| Other amounts receivable | 41 | €121,949 | €81,457 | -€40,493 | -33.2% |
| Current investments | 50/53 | €19,841 | €19,841 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,904 | €372 | -€2,531 | -87.2% |
| Deferred charges and accrued income | 490/1 | €451 | €4,985 | +€4,534 | +1004.1% |
| Total equity and liabilities | 10/49 | €160,073 | €111,598 | -€48,475 | -30.3% |
| Equity | 10/15 | -€1,007,839 | -€1,313,283 | -€305,444 | -30.3% |
| Contributions | 10/11 | €3,031 | €3,031 | = | 0.0% |
| Reserves | 13 | €23,948 | €23,948 | = | 0.0% |
| Distributable reserves | 133 | €23,948 | €23,948 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,034,818 | -€1,340,263 | -€305,444 | -29.5% |
| Amounts payable | 17/49 | €1,167,912 | €1,424,881 | +€256,969 | +22.0% |
| Amounts payable within one year | 42/48 | €1,167,912 | €1,424,881 | +€256,969 | +22.0% |
| Trade debts | 44 | €20,941 | €105,598 | +€84,657 | +404.3% |
| Suppliers | 440/4 | €20,941 | €105,598 | +€84,657 | +404.3% |
| Taxes, remuneration and social security | 45 | €80,685 | €151,248 | +€70,563 | +87.5% |
| Taxes | 450/3 | €27,343 | €39,280 | +€11,936 | +43.7% |
| Remuneration and social security | 454/9 | €53,342 | €111,969 | +€58,627 | +109.9% |
| Other amounts payable | 47/48 | €1,066,285 | €1,168,034 | +€101,749 | +9.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €360,636 | €506,070 | +€145,434 | +40.3% |
| Other operating charges | 640/8 | €505 | €1,056 | +€550 | +108.9% |
| Gross operating margin | 9900 | -€680,990 | €142,583 | +€823,572 | |
| Operating profit (loss) | 9901 | -€1,042,131 | -€364,543 | +€677,588 | +65.0% |
| Financial income | 75/76B | €129,730 | €82,303 | -€47,427 | -36.6% |
| Recurring financial income | 75 | €129,730 | €82,303 | -€47,427 | -36.6% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €48,818 | €23,204 | -€25,614 | -52.5% |
| Recurring financial charges | 65 | €48,818 | €23,204 | -€25,614 | -52.5% |
| Profit (loss) for the period before taxes | 9903 | -€961,219 | -€305,444 | +€655,774 | +68.2% |
| Income taxes | 67/77 | -€91 | €0 | +€91 | |
| Profit (loss) for the period | 9904 | -€961,128 | -€305,444 | +€655,683 | +68.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€961,128 | -€305,444 | +€655,683 | +68.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.