ALL MARITIME SERVICES: what changed
ALL MARITIME SERVICES
Largest movements
- Receivables within one year -€31,242
down €31,242 (-16.6%), from €188,019 to €156,777
of which Other amounts receivable: -€37,869
- Cash +€11,708
up €11,708 (+531%), from €2,207 to €13,915
mainly Receivables within one year (+€31,242) and Tax, wage and social debts (+€9,135)
- Deferred charges and accrued income -€7,667
down €7,667 (-44.1%), from €17,369 to €9,702
- Tangible fixed assets -€2,869
down €2,869 (-23.8%), from €12,072 to €9,203
of which Plant, machinery and equipment: -€3,990
- Trade debts -€18,112
down €18,112 (-25.7%), from €70,351 to €52,240
- Reserves -€15,880
down €15,880 (-26.3%), from €60,404 to €44,524
of which Distributable reserves: -€15,880
- Tax, wage and social debts +€9,135
up €9,135 (+37.7%), from €24,225 to €33,360
of which Taxes: +€8,296
- Short-term financial debts -€5,612
down €5,612 (-11.6%), from €48,207 to €42,595
- Staff costs -€15,240
down €15,240 (-6.9%), from €220,437 to €205,196
- Taxes -€12,426
down €12,426 (-90.6%), from €13,710 to €1,284
- Financial charges -€9,196
down €9,196 (-63.2%), from €14,560 to €5,364
- Gross operating margin +€5,472
up €5,472 (+2.8%), from €195,530 to €201,002
- Depreciation -€3,459
down €3,459 (-47.0%), from €7,352 to €3,894
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €234,863 | €203,909 | -€30,955 | -13.2% |
| Fixed assets | 21/28 | €12,072 | €9,203 | -€2,869 | -23.8% |
| Tangible fixed assets | 22/27 | €12,072 | €9,203 | -€2,869 | -23.8% |
| Plant, machinery and equipment | 23 | €11,999 | €8,009 | -€3,990 | -33.3% |
| Furniture and vehicles | 24 | €73 | €1,194 | +€1,121 | +1,536% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €222,791 | €194,706 | -€28,086 | -12.6% |
| Stocks and contracts in progress | 3 | €15,197 | €14,312 | -€885 | -5.8% |
| Stocks | 30/36 | €15,197 | €14,312 | -€885 | -5.8% |
| Amounts receivable within one year | 40/41 | €188,019 | €156,777 | -€31,242 | -16.6% |
| Trade receivables | 40 | €150,092 | €156,719 | +€6,627 | +4.4% |
| Other amounts receivable | 41 | €37,927 | €58 | -€37,869 | -99.8% |
| Cash at bank and in hand | 54/58 | €2,207 | €13,915 | +€11,708 | +531% |
| Deferred charges and accrued income | 490/1 | €17,369 | €9,702 | -€7,667 | -44.1% |
| Total equity and liabilities | 10/49 | €234,863 | €203,909 | -€30,955 | -13.2% |
| Equity | 10/15 | €91,391 | €75,510 | -€15,880 | -17.4% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Revaluation surpluses | 12 | €0 | - | = | |
| Reserves | 13 | €60,404 | €44,524 | -€15,880 | -26.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €57 | €57 | = | 0.0% |
| Distributable reserves | 133 | €60,347 | €44,467 | -€15,880 | -26.3% |
| Amounts payable | 17/49 | €143,473 | €128,398 | -€15,075 | -10.5% |
| Amounts payable within one year | 42/48 | €142,784 | €128,195 | -€14,589 | -10.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €48,207 | €42,595 | -€5,612 | -11.6% |
| Credit institutions | 430/8 | €48,207 | €42,595 | -€5,612 | -11.6% |
| Trade debts | 44 | €70,351 | €52,240 | -€18,112 | -25.7% |
| Suppliers | 440/4 | €70,351 | €52,240 | -€18,112 | -25.7% |
| Taxes, remuneration and social security | 45 | €24,225 | €33,360 | +€9,135 | +37.7% |
| Taxes | 450/3 | €143 | €8,439 | +€8,296 | +5,817% |
| Remuneration and social security | 454/9 | €24,083 | €24,921 | +€838 | +3.5% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €689 | €203 | -€485 | -70.5% |
| Non-recurring operating income | 76A | €5,391 | €3,120 | -€2,271 | -42.1% |
| Remuneration, social security and pensions | 62 | €220,437 | €205,196 | -€15,240 | -6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,352 | €3,894 | -€3,459 | -47.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €2,401 | €823 | -€1,579 | -65.7% |
| Non-recurring operating charges | 66A | €14,462 | €324 | -€14,138 | -97.8% |
| Gross operating margin | 9900 | €195,530 | €201,002 | +€5,472 | +2.8% |
| Operating profit (loss) | 9901 | -€49,123 | -€9,234 | +€39,888 | +81.2% |
| Financial income | 75/76B | €2,542 | €2 | -€2,540 | -99.9% |
| Recurring financial income | 75 | €2,542 | €2 | -€2,540 | -99.9% |
| Financial charges | 65/66B | €14,560 | €5,364 | -€9,196 | -63.2% |
| Recurring financial charges | 65 | €14,560 | €5,364 | -€9,196 | -63.2% |
| Profit (loss) for the period before taxes | 9903 | -€61,140 | -€14,596 | +€46,544 | +76.1% |
| Income taxes | 67/77 | €13,710 | €1,284 | -€12,426 | -90.6% |
| Profit (loss) for the period | 9904 | -€74,851 | -€15,880 | +€58,970 | +78.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€74,851 | -€15,880 | +€58,970 | +78.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.