UNITED SHIPPING SERVICES: 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.
UNITED SHIPPING SERVICES
Largest movements
- Receivables within one year -€14,126
down €14,126 (-11.4%), from €123,581 to €109,455
of which Other amounts receivable: -€14,641
- Cash +€13,498
up €13,498 (+371%), from €3,636 to €17,134
mainly Other debts (+€14,705) and Receivables within one year (+€14,126)
- Profit (loss) carried forward -€14,805
new in 2026: -€14,805
- Other debts +€14,705
up €14,705 (+53.0%), from €27,741 to €42,446
- Reserves -€3,413
down €3,413 (-10.9%), from €31,294 to €27,881
of which Distributable reserves: -€3,413
- Trade debts +€2,624
up €2,624 (+7.5%), from €34,832 to €37,456
- Turnover +€413,178
new in 2026: €413,178
- Purchases and services +€350,509
new in 2026: €350,509
- Gross operating margin -€43,429
down €43,429 (-40.8%), from €106,522 to €63,093
- Staff costs -€16,415
down €16,415 (-17.1%), from €96,071 to €79,656
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €127,976 | €126,826 | -€1,150 | -0.9% |
| Fixed assets | 21/28 | €389 | €108 | -€281 | -72.2% |
| Tangible fixed assets | 22/27 | €349 | €68 | -€281 | -80.5% |
| Furniture and vehicles | 24 | €349 | €68 | -€281 | -80.5% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €127,588 | €126,718 | -€870 | -0.7% |
| Amounts receivable within one year | 40/41 | €123,581 | €109,455 | -€14,126 | -11.4% |
| Trade receivables | 40 | €99,957 | €100,472 | +€515 | +0.5% |
| Other amounts receivable | 41 | €23,624 | €8,983 | -€14,641 | -62.0% |
| Cash at bank and in hand | 54/58 | €3,636 | €17,134 | +€13,498 | +371% |
| Deferred charges and accrued income | 490/1 | €371 | €129 | -€242 | -65.2% |
| Total equity and liabilities | 10/49 | €127,976 | €126,826 | -€1,150 | -0.9% |
| Equity | 10/15 | €49,844 | €31,626 | -€18,218 | -36.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €31,294 | €27,881 | -€3,413 | -10.9% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €29,439 | €26,026 | -€3,413 | -11.6% |
| Profit (loss) carried forward | 14 | - | -€14,805 | -€14,805 | |
| Amounts payable | 17/49 | €78,132 | €95,200 | +€17,068 | +21.8% |
| Amounts payable within one year | 42/48 | €78,132 | €95,200 | +€17,068 | +21.8% |
| Trade debts | 44 | €34,832 | €37,456 | +€2,624 | +7.5% |
| Suppliers | 440/4 | €34,832 | €37,456 | +€2,624 | +7.5% |
| Taxes, remuneration and social security | 45 | €15,560 | €15,298 | -€262 | -1.7% |
| Taxes | 450/3 | €6,060 | €848 | -€5,212 | -86.0% |
| Remuneration and social security | 454/9 | €9,500 | €14,450 | +€4,950 | +52.1% |
| Other amounts payable | 47/48 | €27,741 | €42,446 | +€14,705 | +53.0% |
| Turnover | 70 | - | €413,178 | +€413,178 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €350,509 | +€350,509 | |
| Remuneration, social security and pensions | 62 | €96,071 | €79,656 | -€16,415 | -17.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €281 | €281 | +€0 | +0.1% |
| Other operating charges | 640/8 | €856 | €888 | +€32 | +3.7% |
| Gross operating margin | 9900 | €106,522 | €63,093 | -€43,429 | -40.8% |
| Operating profit (loss) | 9901 | €9,313 | -€17,732 | -€27,045 | |
| Financial income | 75/76B | €0 | €17 | +€17 | +6,438% |
| Recurring financial income | 75 | €0 | €17 | +€17 | +6,438% |
| Financial charges | 65/66B | €469 | €503 | +€34 | +7.2% |
| Recurring financial charges | 65 | €469 | €503 | +€34 | +7.2% |
| Profit (loss) for the period before taxes | 9903 | €8,844 | -€18,218 | -€27,062 | |
| Income taxes | 67/77 | €3,887 | - | -€3,887 | |
| Profit (loss) for the period | 9904 | €4,958 | -€18,218 | -€23,176 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,958 | -€18,218 | -€23,176 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.