The Sailors: 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.
The Sailors
Largest movements
- Receivables within one year -€20,428
down €20,428 (-85.9%), from €23,774 to €3,346
of which Trade receivables: -€14,594
- Tangible fixed assets -€17,162
down €17,162 (-11.7%), from €147,276 to €130,114
of which Other tangible fixed assets: -€15,000
- Cash -€8,357
down €8,357 (-31.4%), from €26,655 to €18,298
mainly Trade debts (-€26,385) and Tax, wage and social debts (-€14,891)
- Stocks and contracts +€2,116
up €2,116 (+70.2%), from €3,016 to €5,131
- Trade debts -€26,385
down €26,385 (-74.2%), from €35,567 to €9,182
- Tax, wage and social debts -€14,891
down €14,891 (-53.7%), from €27,717 to €12,826
of which Remuneration and social security: -€15,496
- Debts after one year -€14,115
down €14,115 (-11.7%), from €120,601 to €106,487
- Reserves +€6,617
up €6,617 (+369%), from €1,792 to €8,409
- Other debts +€6,426
new in 2024: €6,426
- Staff costs -€41,159
down €41,159 (-19.0%), from €216,468 to €175,309
- Gross operating margin -€37,109
down €37,109 (-14.9%), from €248,291 to €211,182
- Financial charges -€3,201
down €3,201 (-42.9%), from €7,458 to €4,257
- Taxes +€2,715
up €2,715 (+433%), from €628 to €3,343
- Depreciation -€2,598
down €2,598 (-13.1%), from €19,759 to €17,162
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €204,444 | €162,446 | -€41,997 | -20.5% |
| Fixed assets | 21/28 | €147,276 | €130,114 | -€17,162 | -11.7% |
| Tangible fixed assets | 22/27 | €147,276 | €130,114 | -€17,162 | -11.7% |
| Land and buildings | 22 | €14,874 | €13,095 | -€1,779 | -12.0% |
| Plant, machinery and equipment | 23 | €289 | €215 | -€74 | -25.6% |
| Furniture and vehicles | 24 | €893 | €584 | -€308 | -34.5% |
| Other tangible fixed assets | 26 | €131,219 | €116,219 | -€15,000 | -11.4% |
| Current assets | 29/58 | €57,168 | €32,332 | -€24,836 | -43.4% |
| Stocks and contracts in progress | 3 | €3,016 | €5,131 | +€2,116 | +70.2% |
| Stocks | 30/36 | €3,016 | €5,131 | +€2,116 | +70.2% |
| Amounts receivable within one year | 40/41 | €23,774 | €3,346 | -€20,428 | -85.9% |
| Trade receivables | 40 | €17,622 | €3,028 | -€14,594 | -82.8% |
| Other amounts receivable | 41 | €6,153 | €319 | -€5,834 | -94.8% |
| Cash at bank and in hand | 54/58 | €26,655 | €18,298 | -€8,357 | -31.4% |
| Deferred charges and accrued income | 490/1 | €3,723 | €5,557 | +€1,834 | +49.2% |
| Total equity and liabilities | 10/49 | €204,444 | €162,446 | -€41,997 | -20.5% |
| Equity | 10/15 | €6,792 | €13,409 | +€6,617 | +97.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €1,792 | €8,409 | +€6,617 | +369% |
| Distributable reserves | 133 | €1,792 | €8,409 | +€6,617 | +369% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €197,652 | €149,037 | -€48,614 | -24.6% |
| Amounts payable after more than one year | 17 | €120,601 | €106,487 | -€14,115 | -11.7% |
| Financial debts | 170/4 | €120,601 | €106,487 | -€14,115 | -11.7% |
| Amounts payable within one year | 42/48 | €77,050 | €42,548 | -€34,502 | -44.8% |
| Current portion of amounts payable after more than one year | 42 | €13,766 | €14,115 | +€348 | +2.5% |
| Trade debts | 44 | €35,567 | €9,182 | -€26,385 | -74.2% |
| Suppliers | 440/4 | €35,567 | €9,182 | -€26,385 | -74.2% |
| Taxes, remuneration and social security | 45 | €27,717 | €12,826 | -€14,891 | -53.7% |
| Taxes | 450/3 | €4,463 | €5,068 | +€605 | +13.5% |
| Remuneration and social security | 454/9 | €23,253 | €7,758 | -€15,496 | -66.6% |
| Other amounts payable | 47/48 | - | €6,426 | +€6,426 | |
| Accrued charges and deferred income | 492/3 | - | €3 | +€3 | |
| Remuneration, social security and pensions | 62 | €216,468 | €175,309 | -€41,159 | -19.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,759 | €17,162 | -€2,598 | -13.1% |
| Other operating charges | 640/8 | €2,837 | €3,661 | +€824 | +29.0% |
| Gross operating margin | 9900 | €248,291 | €211,182 | -€37,109 | -14.9% |
| Operating profit (loss) | 9901 | €9,227 | €15,050 | +€5,823 | +63.1% |
| Financial income | 75/76B | €651 | €0 | -€651 | -100% |
| Recurring financial income | 75 | €651 | €0 | -€651 | -100% |
| Financial charges | 65/66B | €7,458 | €4,257 | -€3,201 | -42.9% |
| Recurring financial charges | 65 | €7,458 | €4,257 | -€3,201 | -42.9% |
| Profit (loss) for the period before taxes | 9903 | €2,420 | €10,793 | +€8,373 | +346% |
| Income taxes | 67/77 | €628 | €3,343 | +€2,715 | +433% |
| Profit (loss) for the period | 9904 | €1,792 | €7,450 | +€5,658 | +316% |
| Profit (loss) for the period to be appropriated | 9905 | €1,792 | €7,450 | +€5,658 | +316% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.