VENTURE SHIPPING: 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.
VENTURE SHIPPING
Largest movements
- Tangible fixed assets +€59,300
up €59,300 (+6,660%), from €890 to €60,191
of which Assets under construction and advance payments: +€60,000
- Cash -€49,251
down €49,251 (-26.8%), from €183,944 to €134,693
mainly Investment in fixed assets (net) (-€60,000) and Net result for the year (-€44,959)
- Receivables within one year -€41,377
down €41,377 (-53.9%), from €76,829 to €35,452
of which Trade receivables: -€76,148
- Deferred charges and accrued income -€13,661
no longer reported in 2025 (was €13,661)
- Profit (loss) carried forward -€44,959
down €44,959 (-80.9%), from -€55,577 to -€100,536
- Gross operating margin -€64,623
down €64,623, from €40,598 to -€24,025
- Financial charges +€19,026
up €19,026 (+2,617%), from €727 to €19,753
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 | €358,272 | €313,236 | -€45,036 | -12.6% |
| Fixed assets | 21/28 | €83,839 | €143,091 | +€59,252 | +70.7% |
| Intangible fixed assets | 21 | €49 | - | -€49 | |
| Tangible fixed assets | 22/27 | €890 | €60,191 | +€59,300 | +6,660% |
| Furniture and vehicles | 24 | €237 | €50 | -€188 | -79.0% |
| Other tangible fixed assets | 26 | €653 | €141 | -€512 | -78.4% |
| Assets under construction and advance payments | 27 | - | €60,000 | +€60,000 | |
| Financial fixed assets | 28 | €82,900 | €82,900 | = | 0.0% |
| Current assets | 29/58 | €274,433 | €170,145 | -€104,288 | -38.0% |
| Amounts receivable within one year | 40/41 | €76,829 | €35,452 | -€41,377 | -53.9% |
| Trade receivables | 40 | €76,148 | - | -€76,148 | |
| Other amounts receivable | 41 | €681 | €35,452 | +€34,771 | +5,105% |
| Cash at bank and in hand | 54/58 | €183,944 | €134,693 | -€49,251 | -26.8% |
| Deferred charges and accrued income | 490/1 | €13,661 | - | -€13,661 | |
| Total equity and liabilities | 10/49 | €358,272 | €313,236 | -€45,036 | -12.6% |
| Equity | 10/15 | €54,423 | €9,464 | -€44,959 | -82.6% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€55,577 | -€100,536 | -€44,959 | -80.9% |
| Amounts payable | 17/49 | €303,849 | €303,773 | -€77 | 0.0% |
| Amounts payable after more than one year | 17 | €300,000 | €300,000 | = | 0.0% |
| Financial debts | 170/4 | €300,000 | €300,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €3,849 | €3,773 | -€77 | -2.0% |
| Trade debts | 44 | €1,061 | €384 | -€677 | -63.8% |
| Suppliers | 440/4 | €1,061 | €384 | -€677 | -63.8% |
| Taxes, remuneration and social security | 45 | €2,788 | €3,388 | +€600 | +21.5% |
| Taxes | 450/3 | €2,788 | €3,388 | +€600 | +21.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €748 | €748 | = | 0.0% |
| Other operating charges | 640/8 | €419 | €433 | +€14 | +3.3% |
| Gross operating margin | 9900 | €40,598 | -€24,025 | -€64,623 | |
| Operating profit (loss) | 9901 | €39,430 | -€25,206 | -€64,637 | |
| Financial charges | 65/66B | €727 | €19,753 | +€19,026 | +2,617% |
| Recurring financial charges | 65 | €727 | €19,753 | +€19,026 | +2,617% |
| Profit (loss) for the period before taxes | 9903 | €38,703 | -€44,959 | -€83,663 | |
| Profit (loss) for the period | 9904 | €38,703 | -€44,959 | -€83,663 | |
| Profit (loss) for the period to be appropriated | 9905 | €38,703 | -€44,959 | -€83,663 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.