SYLMER SHIPPING: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
SYLMER SHIPPING
Largest movements
- Tangible fixed assets -€160,271
down €160,271 (-11.3%), from €1.4m to €1.3m
of which Furniture and vehicles: -€158,832
- Cash -€151,128
down €151,128 (-97.6%), from €154,839 to €3,712
mainly Debts after one year (-€223,218) and Tax, wage and social debts (-€77,141)
- Debts after one year -€223,218
down €223,218 (-15.4%), from €1.5m to €1.2m
- Tax, wage and social debts -€77,141
down €77,141 (-99.7%), from €77,411 to €270
- Short-term financial debts +€57,012
new in 2025: €57,012
- Profit (loss) carried forward -€52,140
down €52,140 (-23.8%), from -€219,160 to -€271,299
- Trade debts -€39,846
down €39,846 (-71.3%), from €55,865 to €16,019
- Gross operating margin +€200,566
up €200,566 (+420%), from €47,732 to €248,297
- Provisions +€79,375
up €79,375, from -€66,875 to €12,500
- Depreciation -€12,381
down €12,381 (-5.0%), from €246,871 to €234,490
- Financial charges +€7,234
up €7,234 (+17.3%), from €41,732 to €48,966
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,612,558 | €1,296,298 | -€316,260 | -19.6% |
| Fixed assets | 21/28 | €1,412,927 | €1,252,655 | -€160,271 | -11.3% |
| Tangible fixed assets | 22/27 | €1,412,427 | €1,252,155 | -€160,271 | -11.3% |
| Land and buildings | 22 | €427,913 | €415,892 | -€12,021 | -2.8% |
| Furniture and vehicles | 24 | €514,236 | €355,404 | -€158,832 | -30.9% |
| Other tangible fixed assets | 26 | €470,277 | €480,860 | +€10,582 | +2.3% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €199,631 | €43,643 | -€155,989 | -78.1% |
| Amounts receivable within one year | 40/41 | €34,910 | €30,256 | -€4,654 | -13.3% |
| Trade receivables | 40 | €10,565 | €10,085 | -€480 | -4.5% |
| Other amounts receivable | 41 | €24,345 | €20,171 | -€4,174 | -17.1% |
| Current investments | 50/53 | - | €1,061 | +€1,061 | |
| Cash at bank and in hand | 54/58 | €154,839 | €3,712 | -€151,128 | -97.6% |
| Deferred charges and accrued income | 490/1 | €9,883 | €8,614 | -€1,269 | -12.8% |
| Total equity and liabilities | 10/49 | €1,612,558 | €1,296,298 | -€316,260 | -19.6% |
| Equity | 10/15 | -€198,700 | -€250,839 | -€52,140 | -26.2% |
| 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 | -€219,160 | -€271,299 | -€52,140 | -23.8% |
| Provisions and deferred taxes | 16 | €3,125 | €15,625 | +€12,500 | +400% |
| Provisions for liabilities and charges | 160/5 | €3,125 | €15,625 | +€12,500 | +400% |
| Major repairs and maintenance | 162 | €3,125 | €15,625 | +€12,500 | +400% |
| Amounts payable | 17/49 | €1,808,133 | €1,531,512 | -€276,621 | -15.3% |
| Amounts payable after more than one year | 17 | €1,452,239 | €1,229,020 | -€223,218 | -15.4% |
| Financial debts | 170/4 | €1,452,239 | €1,229,020 | -€223,218 | -15.4% |
| Amounts payable within one year | 42/48 | €355,843 | €302,308 | -€53,534 | -15.0% |
| Current portion of amounts payable after more than one year | 42 | €222,567 | €223,218 | +€651 | +0.3% |
| Financial debts | 43 | - | €57,012 | +€57,012 | |
| Credit institutions | 430/8 | - | €57,012 | +€57,012 | |
| Trade debts | 44 | €55,865 | €16,019 | -€39,846 | -71.3% |
| Suppliers | 440/4 | €55,865 | €16,019 | -€39,846 | -71.3% |
| Taxes, remuneration and social security | 45 | €77,411 | €270 | -€77,141 | -99.7% |
| Taxes | 450/3 | €77,411 | €270 | -€77,141 | -99.7% |
| Other amounts payable | 47/48 | - | €5,789 | +€5,789 | |
| Accrued charges and deferred income | 492/3 | €52 | €184 | +€132 | +256% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €246,871 | €234,490 | -€12,381 | -5.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€66,875 | €12,500 | +€79,375 | |
| Other operating charges | 640/8 | €3,274 | €4,518 | +€1,244 | +38.0% |
| Non-recurring operating charges | 66A | €398 | - | -€398 | |
| Gross operating margin | 9900 | €47,732 | €248,297 | +€200,566 | +420% |
| Operating profit (loss) | 9901 | -€135,936 | -€3,211 | +€132,725 | +97.6% |
| Financial income | 75/76B | €1,981 | €546 | -€1,435 | -72.4% |
| Recurring financial income | 75 | €1,981 | €230 | -€1,752 | -88.4% |
| Non-recurring financial income | 76B | - | €316 | +€316 | |
| Financial charges | 65/66B | €41,732 | €48,966 | +€7,234 | +17.3% |
| Recurring financial charges | 65 | €41,732 | €48,966 | +€7,234 | +17.3% |
| Profit (loss) for the period before taxes | 9903 | -€175,687 | -€51,631 | +€124,056 | +70.6% |
| Income taxes | 67/77 | €449 | €509 | +€60 | +13.3% |
| Profit (loss) for the period | 9904 | -€176,135 | -€52,140 | +€123,996 | +70.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€176,135 | -€52,140 | +€123,996 | +70.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.