SHUTTLE BRIDGE 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.
SHUTTLE BRIDGE LOGISTICS
Largest movements
- Cash -€122,222
down €122,222 (-39.5%), from €309,678 to €187,456
mainly Other debts (-€129,306) and Receivables within one year (-€58,970)
- Receivables within one year +€58,970
up €58,970 (+66.7%), from €88,385 to €147,355
of which Other amounts receivable: +€31,882
- Financial fixed assets +€7,500
up €7,500 (+5.7%), from €132,450 to €139,950
- Other debts -€129,306
down €129,306 (-29.3%), from €441,115 to €311,809
- Profit (loss) carried forward +€42,205
up €42,205, from -€12,229 to €29,976
- Trade debts +€18,504
up €18,504 (+21.1%), from €87,537 to €106,041
- Tax, wage and social debts +€13,702
up €13,702 (+258%), from €5,305 to €19,007
of which Taxes: +€9,899
- Gross operating margin +€123,835
up €123,835 (+300%), from €41,242 to €165,077
- Staff costs +€65,121
up €65,121 (+174%), from €37,481 to €102,602
- Taxes +€15,266
up €15,266 (+25,640%), from €60 to €15,326
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 | €534,128 | €479,233 | -€54,895 | -10.3% |
| Fixed assets | 21/28 | €136,065 | €143,902 | +€7,837 | +5.8% |
| Intangible fixed assets | 21 | - | €1,773 | +€1,773 | |
| Tangible fixed assets | 22/27 | €3,615 | €2,180 | -€1,435 | -39.7% |
| Furniture and vehicles | 24 | €3,615 | €2,180 | -€1,435 | -39.7% |
| Financial fixed assets | 28 | €132,450 | €139,950 | +€7,500 | +5.7% |
| Current assets | 29/58 | €398,063 | €335,331 | -€62,732 | -15.8% |
| Amounts receivable within one year | 40/41 | €88,385 | €147,355 | +€58,970 | +66.7% |
| Trade receivables | 40 | €78,975 | €106,062 | +€27,087 | +34.3% |
| Other amounts receivable | 41 | €9,410 | €41,293 | +€31,882 | +339% |
| Cash at bank and in hand | 54/58 | €309,678 | €187,456 | -€122,222 | -39.5% |
| Deferred charges and accrued income | 490/1 | - | €520 | +€520 | |
| Total equity and liabilities | 10/49 | €534,128 | €479,233 | -€54,895 | -10.3% |
| Equity | 10/15 | €171 | €42,376 | +€42,205 | +24,752% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,229 | €29,976 | +€42,205 | |
| Amounts payable | 17/49 | €533,958 | €436,857 | -€97,100 | -18.2% |
| Amounts payable within one year | 42/48 | €533,958 | €436,857 | -€97,100 | -18.2% |
| Trade debts | 44 | €87,537 | €106,041 | +€18,504 | +21.1% |
| Suppliers | 440/4 | €87,537 | €106,041 | +€18,504 | +21.1% |
| Taxes, remuneration and social security | 45 | €5,305 | €19,007 | +€13,702 | +258% |
| Taxes | 450/3 | €60 | €9,958 | +€9,899 | +16,625% |
| Remuneration and social security | 454/9 | €5,246 | €9,049 | +€3,803 | +72.5% |
| Other amounts payable | 47/48 | €441,115 | €311,809 | -€129,306 | -29.3% |
| Remuneration, social security and pensions | 62 | €37,481 | €102,602 | +€65,121 | +174% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €691 | €1,933 | +€1,242 | +180% |
| Other operating charges | 640/8 | €200 | €100 | -€100 | -50.0% |
| Gross operating margin | 9900 | €41,242 | €165,077 | +€123,835 | +300% |
| Operating profit (loss) | 9901 | €2,870 | €60,441 | +€57,571 | +2,006% |
| Financial income | 75/76B | - | €716 | +€716 | |
| Recurring financial income | 75 | - | €716 | +€716 | |
| Financial charges | 65/66B | €2,491 | €3,627 | +€1,136 | +45.6% |
| Recurring financial charges | 65 | €2,491 | €3,627 | +€1,136 | +45.6% |
| Profit (loss) for the period before taxes | 9903 | €379 | €57,531 | +€57,152 | +15,068% |
| Income taxes | 67/77 | €60 | €15,326 | +€15,266 | +25,640% |
| Profit (loss) for the period | 9904 | €320 | €42,205 | +€41,885 | +13,099% |
| Profit (loss) for the period to be appropriated | 9905 | €320 | €42,205 | +€41,885 | +13,099% |
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 17 October 2026 via checked.be.