Shippr: 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.
Shippr
Largest movements
- Cash -€766,815
down €766,815 (-76.3%), from €1.0m to €238,375
mainly Net result for the year (-€1.3m) and Investment in fixed assets (net) (-€595,637)
- Receivables within one year -€444,854
down €444,854 (-32.0%), from €1.4m to €945,051
of which Trade receivables: -€661,446
- Intangible fixed assets +€254,818
up €254,818 (+11.0%), from €2.3m to €2.6m
- Contributions -€7.9m
down €7.9m (-65.3%), from €12.1m to €4.2m
of which Capital: -€7.9m
- Profit (loss) carried forward +€6.6m
up €6.6m (+72.7%), from -€9.0m to -€2.5m
- Debts after one year +€232,880
up €232,880 (+55.8%), from €417,205 to €650,085
- Current portion of long-term debt +€214,905
up €214,905 (+101%), from €212,025 to €426,930
- Trade debts -€212,643
down €212,643 (-21.0%), from €1.0m to €799,295
- Gross operating margin +€953,658
up €953,658 (+78.7%), from -€1.2m to -€257,525
- Staff costs -€368,176
down €368,176 (-36.3%), from €1.0m to €646,932
- Depreciation +€55,694
up €55,694 (+19.9%), from €279,419 to €335,113
- Other operating charges -€15,044
down €15,044 (-64.6%), from €23,306 to €8,262
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 | €4,815,764 | €3,866,584 | -€949,180 | -19.7% |
| Fixed assets | 21/28 | €2,390,663 | €2,651,187 | +€260,524 | +10.9% |
| Intangible fixed assets | 21 | €2,317,599 | €2,572,417 | +€254,818 | +11.0% |
| Tangible fixed assets | 22/27 | €17,406 | €17,925 | +€520 | +3.0% |
| Furniture and vehicles | 24 | €8,809 | €11,664 | +€2,855 | +32.4% |
| Other tangible fixed assets | 26 | €8,596 | €6,261 | -€2,335 | -27.2% |
| Financial fixed assets | 28 | €55,658 | €60,845 | +€5,186 | +9.3% |
| Current assets | 29/58 | €2,425,100 | €1,215,397 | -€1.2m | -49.9% |
| Amounts receivable within one year | 40/41 | €1,389,905 | €945,051 | -€444,854 | -32.0% |
| Trade receivables | 40 | €1,240,974 | €579,528 | -€661,446 | -53.3% |
| Other amounts receivable | 41 | €148,931 | €365,523 | +€216,592 | +145% |
| Cash at bank and in hand | 54/58 | €1,005,190 | €238,375 | -€766,815 | -76.3% |
| Deferred charges and accrued income | 490/1 | €30,005 | €31,971 | +€1,966 | +6.6% |
| Total equity and liabilities | 10/49 | €4,815,764 | €3,866,584 | -€949,180 | -19.7% |
| Equity | 10/15 | €3,029,237 | €1,730,079 | -€1.3m | -42.9% |
| Contributions | 10/11 | €12,068,855 | €4,193,847 | -€7.9m | -65.3% |
| Capital | 10 | €11,862,608 | €3,987,600 | -€7.9m | -66.4% |
| Issued capital | 100 | €11,875,008 | €4,000,000 | -€7.9m | -66.3% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €206,247 | €206,247 | = | 0.0% |
| Share premium | 1100/10 | €206,247 | €206,247 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,039,617 | -€2,463,768 | +€6.6m | +72.7% |
| Amounts payable | 17/49 | €1,786,526 | €2,136,505 | +€349,979 | +19.6% |
| Amounts payable after more than one year | 17 | €417,205 | €650,085 | +€232,880 | +55.8% |
| Financial debts | 170/4 | €417,205 | €650,085 | +€232,880 | +55.8% |
| Amounts payable within one year | 42/48 | €1,301,411 | €1,479,822 | +€178,411 | +13.7% |
| Current portion of amounts payable after more than one year | 42 | €212,025 | €426,930 | +€214,905 | +101% |
| Financial debts | 43 | €11,305 | €67,756 | +€56,452 | +499% |
| Other loans | 439 | €11,305 | €67,756 | +€56,452 | +499% |
| Trade debts | 44 | €1,011,938 | €799,295 | -€212,643 | -21.0% |
| Suppliers | 440/4 | €1,011,938 | €799,295 | -€212,643 | -21.0% |
| Taxes, remuneration and social security | 45 | €66,099 | €88,023 | +€21,924 | +33.2% |
| Taxes | 450/3 | €0 | €4,925 | +€4,925 | |
| Remuneration and social security | 454/9 | €66,099 | €83,098 | +€16,998 | +25.7% |
| Other amounts payable | 47/48 | €44 | €97,818 | +€97,774 | +224,768% |
| Accrued charges and deferred income | 492/3 | €67,910 | €6,598 | -€61,312 | -90.3% |
| Non-recurring operating income | 76A | €8,670 | €450 | -€8,220 | -94.8% |
| Remuneration, social security and pensions | 62 | €1,015,108 | €646,932 | -€368,176 | -36.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €279,419 | €335,113 | +€55,694 | +19.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,532 | -€7,638 | -€6,106 | -398% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €23,306 | €8,262 | -€15,044 | -64.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€1,211,183 | -€257,525 | +€953,658 | +78.7% |
| Operating profit (loss) | 9901 | -€2,527,483 | -€1,240,194 | +€1.3m | +50.9% |
| Financial income | 75/76B | €10,534 | €9,374 | -€1,161 | -11.0% |
| Recurring financial income | 75 | €10,534 | €9,374 | -€1,161 | -11.0% |
| Financial charges | 65/66B | €76,061 | €87,497 | +€11,436 | +15.0% |
| Recurring financial charges | 65 | €76,061 | €87,497 | +€11,436 | +15.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,593,010 | -€1,318,318 | +€1.3m | +49.2% |
| Income taxes | 67/77 | -€24,171 | -€19,159 | +€5,012 | +20.7% |
| Profit (loss) for the period | 9904 | -€2,568,839 | -€1,299,158 | +€1.3m | +49.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,568,839 | -€1,299,158 | +€1.3m | +49.4% |
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 23 October 2026 via checked.be.