VERRAZANO 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.
VERRAZANO SHIPPING
Largest movements
- Receivables within one year +€120,911
up €120,911 (+108%), from €111,457 to €232,368
- Current investments -€73,000
down €73,000 (-14.0%), from €523,000 to €450,000
- Reserves +€28,442
up €28,442 (+2.8%), from €1.0m to €1.1m
of which Distributable reserves: +€28,442
- Financial income +€9,085
up €9,085 (+31.2%), from €29,115 to €38,200
- Taxes +€4,115
up €4,115 (+41.9%), from €9,825 to €13,940
- Gross operating margin +€4,087
up €4,087 (+199%), from €2,056 to €6,143
- Other operating charges +€1,735
up €1,735 (+943%), from €184 to €1,919
- Depreciation -€777
no longer reported in 2025 (was €777)
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 | €1,104,347 | €1,142,701 | +€38,354 | +3.5% |
| Current assets | 29/58 | €1,104,347 | €1,142,701 | +€38,354 | +3.5% |
| Amounts receivable after more than one year | 29 | €450,000 | €450,000 | = | 0.0% |
| Other amounts receivable | 291 | €450,000 | €450,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €111,457 | €232,368 | +€120,911 | +108% |
| Other amounts receivable | 41 | €111,457 | €232,368 | +€120,911 | +108% |
| Current investments | 50/53 | €523,000 | €450,000 | -€73,000 | -14.0% |
| Cash at bank and in hand | 54/58 | €19,890 | €10,006 | -€9,884 | -49.7% |
| Deferred charges and accrued income | 490/1 | - | €327 | +€327 | |
| Total equity and liabilities | 10/49 | €1,104,347 | €1,142,701 | +€38,354 | +3.5% |
| Equity | 10/15 | €1,098,289 | €1,126,731 | +€28,442 | +2.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,029,420 | €1,057,862 | +€28,442 | +2.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,027,560 | €1,056,002 | +€28,442 | +2.8% |
| Profit (loss) carried forward | 14 | €62,669 | €62,669 | = | 0.0% |
| Amounts payable | 17/49 | €6,058 | €15,970 | +€9,912 | +164% |
| Amounts payable within one year | 42/48 | €6,058 | €15,970 | +€9,912 | +164% |
| Taxes, remuneration and social security | 45 | €6,058 | €15,970 | +€9,912 | +164% |
| Taxes | 450/3 | €6,058 | €15,970 | +€9,912 | +164% |
| Non-recurring operating income | 76A | €1,810 | - | -€1,810 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €777 | - | -€777 | |
| Other operating charges | 640/8 | €184 | €1,919 | +€1,735 | +943% |
| Gross operating margin | 9900 | €2,056 | €6,143 | +€4,087 | +199% |
| Operating profit (loss) | 9901 | €1,095 | €4,224 | +€3,129 | +286% |
| Financial income | 75/76B | €29,115 | €38,200 | +€9,085 | +31.2% |
| Recurring financial income | 75 | €29,115 | €38,200 | +€9,085 | +31.2% |
| Financial charges | 65/66B | €47 | €42 | -€5 | -10.6% |
| Recurring financial charges | 65 | €47 | €42 | -€5 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | €30,163 | €42,382 | +€12,219 | +40.5% |
| Income taxes | 67/77 | €9,825 | €13,940 | +€4,115 | +41.9% |
| Profit (loss) for the period | 9904 | €20,338 | €28,442 | +€8,104 | +39.8% |
| Profit (loss) for the period to be appropriated | 9905 | €20,338 | €28,442 | +€8,104 | +39.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.