Shipset7: 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.
Shipset7
Largest movements
- Receivables within one year -€157,049
down €157,049 (-97.1%), from €161,719 to €4,670
of which Trade receivables: -€134,547
- Tangible fixed assets -€17,624
down €17,624 (-45.5%), from €38,727 to €21,104
of which Furniture and vehicles: -€15,860
- Cash -€17,063
down €17,063 (-32.4%), from €52,619 to €35,556
mainly Net result for the year (-€179,814) and Trade debts (-€7,113)
- Deferred charges and accrued income -€4,610
down €4,610 (-46.5%), from €9,921 to €5,310
- Profit (loss) carried forward -€179,814
down €179,814 (-82.9%), from €217,013 to €37,199
- Trade debts -€7,113
no longer reported in 2025 (was €7,113)
- Tax, wage and social debts -€6,524
down €6,524 (-42.9%), from €15,205 to €8,681
of which Taxes: -€12,624
- Gross operating margin -€339,210
down €339,210, from €179,294 to -€159,916
- Taxes -€35,910
down €35,910 (-99.1%), from €36,230 to €320
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 | €262,986 | €66,639 | -€196,346 | -74.7% |
| Fixed assets | 21/28 | €38,727 | €21,104 | -€17,624 | -45.5% |
| Tangible fixed assets | 22/27 | €38,727 | €21,104 | -€17,624 | -45.5% |
| Land and buildings | 22 | €13,438 | €12,242 | -€1,196 | -8.9% |
| Plant, machinery and equipment | 23 | €1,734 | €1,166 | -€568 | -32.8% |
| Furniture and vehicles | 24 | €23,556 | €7,696 | -€15,860 | -67.3% |
| Current assets | 29/58 | €224,258 | €45,536 | -€178,723 | -79.7% |
| Amounts receivable within one year | 40/41 | €161,719 | €4,670 | -€157,049 | -97.1% |
| Trade receivables | 40 | €137,940 | €3,393 | -€134,547 | -97.5% |
| Other amounts receivable | 41 | €23,779 | €1,277 | -€22,502 | -94.6% |
| Cash at bank and in hand | 54/58 | €52,619 | €35,556 | -€17,063 | -32.4% |
| Deferred charges and accrued income | 490/1 | €9,921 | €5,310 | -€4,610 | -46.5% |
| Total equity and liabilities | 10/49 | €262,986 | €66,639 | -€196,346 | -74.7% |
| Equity | 10/15 | €235,613 | €55,799 | -€179,814 | -76.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €217,013 | €37,199 | -€179,814 | -82.9% |
| Amounts payable | 17/49 | €27,373 | €10,841 | -€16,532 | -60.4% |
| Amounts payable within one year | 42/48 | €24,239 | €8,681 | -€15,558 | -64.2% |
| Trade debts | 44 | €7,113 | - | -€7,113 | |
| Suppliers | 440/4 | €7,113 | - | -€7,113 | |
| Taxes, remuneration and social security | 45 | €15,205 | €8,681 | -€6,524 | -42.9% |
| Taxes | 450/3 | €15,205 | €2,581 | -€12,624 | -83.0% |
| Remuneration and social security | 454/9 | - | €6,100 | +€6,100 | |
| Other amounts payable | 47/48 | €1,920 | - | -€1,920 | |
| Accrued charges and deferred income | 492/3 | €3,134 | €2,160 | -€974 | -31.1% |
| Non-recurring operating income | 76A | - | €20,347 | +€20,347 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,495 | €18,680 | +€185 | +1.0% |
| Other operating charges | 640/8 | €1,075 | €757 | -€318 | -29.6% |
| Gross operating margin | 9900 | €179,294 | -€159,916 | -€339,210 | |
| Operating profit (loss) | 9901 | €159,724 | -€179,353 | -€339,077 | |
| Financial income | 75/76B | €100 | €2 | -€99 | -98.4% |
| Recurring financial income | 75 | €100 | €2 | -€99 | -98.4% |
| Financial charges | 65/66B | €148 | €144 | -€5 | -3.2% |
| Recurring financial charges | 65 | €148 | €144 | -€5 | -3.2% |
| Profit (loss) for the period before taxes | 9903 | €159,676 | -€179,495 | -€339,171 | |
| Income taxes | 67/77 | €36,230 | €320 | -€35,910 | -99.1% |
| Profit (loss) for the period | 9904 | €123,446 | -€179,814 | -€303,261 | |
| Profit (loss) for the period to be appropriated | 9905 | €123,446 | -€179,814 | -€303,261 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.