Shuttle Direct: 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 Direct
Largest movements
- Cash -€3,649
down €3,649 (-10.6%), from €34,521 to €30,872
mainly Trade debts (-€4,278) and Debts after one year (-€2,561)
- Tangible fixed assets -€998
down €998 (-53.0%), from €1,884 to €886
- Deferred charges and accrued income -€782
no longer reported in 2023 (was €782)
- Receivables within one year +€672
up €672 (+21.5%), from €3,122 to €3,794
of which Other amounts receivable: +€2,174
- Profit (loss) carried forward +€5,603
up €5,603 (+65.4%), from €8,567 to €14,170
- Trade debts -€4,278
down €4,278 (-82.0%), from €5,216 to €938
- Debts after one year -€2,561
no longer reported in 2023 (was €2,561)
- Current portion of long-term debt -€2,520
no longer reported in 2023 (was €2,520)
- Tax, wage and social debts -€1,000
no longer reported in 2023 (was €1,000)
- Gross operating margin +€7,614
up €7,614, from -€724 to €6,890
- Other operating charges -€371
down €371 (-65.6%), from €566 to €195
- Write-downs -€311
no longer reported in 2023 (was €311)
- Financial charges -€294
down €294 (-75.7%), from €388 to €94
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €40,324 | €35,567 | -€4,757 | -11.8% |
| Fixed assets | 21/28 | €1,899 | €901 | -€998 | -52.6% |
| Tangible fixed assets | 22/27 | €1,884 | €886 | -€998 | -53.0% |
| Furniture and vehicles | 24 | €1,884 | €886 | -€998 | -53.0% |
| Financial fixed assets | 28 | €15 | €15 | = | 0.0% |
| Current assets | 29/58 | €38,425 | €34,666 | -€3,759 | -9.8% |
| Amounts receivable within one year | 40/41 | €3,122 | €3,794 | +€672 | +21.5% |
| Trade receivables | 40 | €1,502 | - | -€1,502 | |
| Other amounts receivable | 41 | €1,620 | €3,794 | +€2,174 | +134% |
| Cash at bank and in hand | 54/58 | €34,521 | €30,872 | -€3,649 | -10.6% |
| Deferred charges and accrued income | 490/1 | €782 | - | -€782 | |
| Total equity and liabilities | 10/49 | €40,324 | €35,567 | -€4,757 | -11.8% |
| Equity | 10/15 | €29,027 | €34,630 | +€5,603 | +19.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,567 | €14,170 | +€5,603 | +65.4% |
| Amounts payable | 17/49 | €11,297 | €938 | -€10,360 | -91.7% |
| Amounts payable after more than one year | 17 | €2,561 | - | -€2,561 | |
| Financial debts | 170/4 | €2,561 | - | -€2,561 | |
| Amounts payable within one year | 42/48 | €8,736 | €938 | -€7,798 | -89.3% |
| Current portion of amounts payable after more than one year | 42 | €2,520 | - | -€2,520 | |
| Trade debts | 44 | €5,216 | €938 | -€4,278 | -82.0% |
| Suppliers | 440/4 | €5,216 | €938 | -€4,278 | -82.0% |
| Taxes, remuneration and social security | 45 | €1,000 | - | -€1,000 | |
| Remuneration and social security | 454/9 | €1,000 | - | -€1,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €998 | €998 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €311 | - | -€311 | |
| Other operating charges | 640/8 | €566 | €195 | -€371 | -65.6% |
| Gross operating margin | 9900 | -€724 | €6,890 | +€7,614 | |
| Operating profit (loss) | 9901 | -€2,600 | €5,697 | +€8,297 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -71.4% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -71.4% |
| Financial charges | 65/66B | €388 | €94 | -€294 | -75.7% |
| Recurring financial charges | 65 | €388 | €94 | -€294 | -75.7% |
| Profit (loss) for the period before taxes | 9903 | -€2,988 | €5,603 | +€8,591 | |
| Profit (loss) for the period | 9904 | -€2,988 | €5,603 | +€8,591 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,988 | €5,603 | +€8,591 |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.