ZADEKO 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.
ZADEKO SHIPPING
Largest movements
- Cash +€39,622
up €39,622 (+58.9%), from €67,250 to €106,872
mainly Receivables after one year (+€37,054) and Net result for the year (+€1,786)
- Receivables after one year -€37,054
down €37,054 (-32.0%), from €115,790 to €78,736
of which Trade receivables: -€115,790
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€17,768
up €17,768, from -€16,779 to €989
- Taxes +€6,672
no longer reported in 2025 (was -€6,672)
- Financial income +€2,516
new in 2025: €2,516
- Other operating charges -€512
down €512 (-24.1%), from €2,123 to €1,611
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 | €186,593 | €188,014 | +€1,422 | +0.8% |
| Current assets | 29/58 | €186,593 | €188,014 | +€1,422 | +0.8% |
| Amounts receivable after more than one year | 29 | €115,790 | €78,736 | -€37,054 | -32.0% |
| Trade receivables | 290 | €115,790 | - | -€115,790 | |
| Other amounts receivable | 291 | - | €78,736 | +€78,736 | |
| Amounts receivable within one year | 40/41 | €680 | €1,134 | +€454 | +66.8% |
| Trade receivables | 40 | - | €612 | +€612 | |
| Other amounts receivable | 41 | €680 | €522 | -€158 | -23.2% |
| Cash at bank and in hand | 54/58 | €67,250 | €106,872 | +€39,622 | +58.9% |
| Deferred charges and accrued income | 490/1 | €2,873 | €1,273 | -€1,600 | -55.7% |
| Total equity and liabilities | 10/49 | €186,593 | €188,014 | +€1,422 | +0.8% |
| Equity | 10/15 | €137,779 | €139,565 | +€1,786 | +1.3% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Capital | 10 | €30,987 | €30,987 | = | 0.0% |
| Issued capital | 100 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €144,114 | €144,114 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Legal reserve | 130 | €3,099 | €3,099 | = | 0.0% |
| Distributable reserves | 133 | €141,016 | €141,016 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,323 | -€35,537 | +€1,786 | +4.8% |
| Amounts payable | 17/49 | €48,814 | €48,450 | -€364 | -0.7% |
| Amounts payable within one year | 42/48 | €47,707 | €47,343 | -€364 | -0.8% |
| Trade debts | 44 | €501 | €137 | -€364 | -72.7% |
| Suppliers | 440/4 | €501 | €137 | -€364 | -72.7% |
| Taxes, remuneration and social security | 45 | €4 | €4 | = | 0.0% |
| Taxes | 450/3 | €4 | €4 | = | 0.0% |
| Other amounts payable | 47/48 | €47,202 | €47,202 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,107 | €1,107 | = | 0.0% |
| Other operating charges | 640/8 | €2,123 | €1,611 | -€512 | -24.1% |
| Non-recurring operating charges | 66A | €25,000 | - | -€25,000 | |
| Gross operating margin | 9900 | -€16,779 | €989 | +€17,768 | |
| Operating profit (loss) | 9901 | -€43,902 | -€623 | +€43,279 | +98.6% |
| Financial income | 75/76B | - | €2,516 | +€2,516 | |
| Recurring financial income | 75 | - | €2,516 | +€2,516 | |
| Financial charges | 65/66B | €92 | €107 | +€15 | +16.3% |
| Recurring financial charges | 65 | €92 | €107 | +€15 | +16.3% |
| Profit (loss) for the period before taxes | 9903 | -€43,994 | €1,786 | +€45,780 | |
| Income taxes | 67/77 | -€6,672 | - | +€6,672 | |
| Profit (loss) for the period | 9904 | -€37,323 | €1,786 | +€39,109 | |
| Profit (loss) for the period to be appropriated | 9905 | -€37,323 | €1,786 | +€39,109 |
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 24 October 2026 via checked.be.