HISTORIC MARINE: 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.
HISTORIC MARINE
Largest movements
- Stocks and contracts +€2,810
up €2,810 (+6.6%), from €42,501 to €45,311
- Cash -€2,104
down €2,104 (-96.3%), from €2,184 to €80
mainly Other debts (-€5,588) and Stocks and contracts (-€2,810)
- Profit (loss) carried forward +€6,379
up €6,379 (+7.6%), from -€84,302 to -€77,922
- Other debts -€5,588
down €5,588 (-4.8%), from €116,664 to €111,075
- Tax, wage and social debts -€692
down €692 (-49.1%), from €1,409 to €717
- Gross operating margin +€2,960
up €2,960 (+43.5%), from €6,810 to €9,770
- Depreciation -€728
down €728 (-61.2%), from €1,189 to €461
- Other operating charges +€261
up €261 (+39.0%), from €668 to €928
- Financial charges -€108
down €108 (-5.9%), from €1,836 to €1,728
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 | €54,230 | €54,721 | +€491 | +0.9% |
| Fixed assets | 21/28 | €8,387 | €7,926 | -€461 | -5.5% |
| Tangible fixed assets | 22/27 | €2,765 | €2,304 | -€461 | -16.7% |
| Other tangible fixed assets | 26 | €2,765 | €2,304 | -€461 | -16.7% |
| Financial fixed assets | 28 | €5,622 | €5,622 | = | 0.0% |
| Current assets | 29/58 | €45,843 | €46,795 | +€952 | +2.1% |
| Stocks and contracts in progress | 3 | €42,501 | €45,311 | +€2,810 | +6.6% |
| Stocks | 30/36 | €42,501 | €45,311 | +€2,810 | +6.6% |
| Amounts receivable within one year | 40/41 | €1,158 | €1,404 | +€246 | +21.3% |
| Trade receivables | 40 | €1,158 | €1,404 | +€246 | +21.3% |
| Cash at bank and in hand | 54/58 | €2,184 | €80 | -€2,104 | -96.3% |
| Total equity and liabilities | 10/49 | €54,230 | €54,721 | +€491 | +0.9% |
| Equity | 10/15 | -€63,843 | -€57,463 | +€6,379 | +10.0% |
| Contributions | 10/11 | €20,459 | €20,459 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€84,302 | -€77,922 | +€6,379 | +7.6% |
| Amounts payable | 17/49 | €118,073 | €112,184 | -€5,888 | -5.0% |
| Amounts payable within one year | 42/48 | €118,073 | €112,184 | -€5,888 | -5.0% |
| Financial debts | 43 | - | €392 | +€392 | |
| Credit institutions | 430/8 | - | €392 | +€392 | |
| Taxes, remuneration and social security | 45 | €1,409 | €717 | -€692 | -49.1% |
| Taxes | 450/3 | €1,409 | €717 | -€692 | -49.1% |
| Other amounts payable | 47/48 | €116,664 | €111,075 | -€5,588 | -4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,189 | €461 | -€728 | -61.2% |
| Other operating charges | 640/8 | €668 | €928 | +€261 | +39.0% |
| Gross operating margin | 9900 | €6,810 | €9,770 | +€2,960 | +43.5% |
| Operating profit (loss) | 9901 | €4,953 | €8,381 | +€3,428 | +69.2% |
| Financial charges | 65/66B | €1,836 | €1,728 | -€108 | -5.9% |
| Recurring financial charges | 65 | €1,836 | €1,728 | -€108 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | €3,117 | €6,653 | +€3,536 | +113% |
| Income taxes | 67/77 | €268 | €274 | +€6 | +2.1% |
| Profit (loss) for the period | 9904 | €2,849 | €6,379 | +€3,530 | +124% |
| Profit (loss) for the period to be appropriated | 9905 | €2,849 | €6,379 | +€3,530 | +124% |
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 25 October 2026 via checked.be.