IMMO - MARITIEM: what changed
IMMO - MARITIEM
Largest movements
- Cash -€38,517
down €38,517 (-55.9%), from €68,885 to €30,367
mainly Other debts (-€58,382) and Contributions, distributions and other (-€25,000)
- Receivables within one year -€17,615
down €17,615 (-12.2%), from €144,035 to €126,420
of which Trade receivables: -€15,050
- Tangible fixed assets -€2,260
down €2,260 (-67.9%), from €3,328 to €1,068
of which Plant, machinery and equipment: -€1,764
- Other debts -€58,382
no longer reported in 2025 (was €58,382)
- Gross operating margin -€13,202
down €13,202 (-26.6%), from €49,694 to €36,492
- Depreciation -€4,701
down €4,701 (-67.5%), from €6,961 to €2,260
- Other operating charges -€3,561
down €3,561 (-85.0%), from €4,189 to €628
- Taxes -€923
down €923 (-9.4%), from €9,768 to €8,845
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 | €225,838 | €167,534 | -€58,305 | -25.8% |
| Fixed assets | 21/28 | €9,328 | €7,068 | -€2,260 | -24.2% |
| Tangible fixed assets | 22/27 | €3,328 | €1,068 | -€2,260 | -67.9% |
| Plant, machinery and equipment | 23 | €2,134 | €370 | -€1,764 | -82.7% |
| Furniture and vehicles | 24 | €1,194 | €698 | -€496 | -41.5% |
| Financial fixed assets | 28 | €6,000 | €6,000 | = | 0.0% |
| Current assets | 29/58 | €216,510 | €160,465 | -€56,045 | -25.9% |
| Amounts receivable within one year | 40/41 | €144,035 | €126,420 | -€17,615 | -12.2% |
| Trade receivables | 40 | €20,730 | €5,681 | -€15,050 | -72.6% |
| Other amounts receivable | 41 | €123,304 | €120,739 | -€2,565 | -2.1% |
| Cash at bank and in hand | 54/58 | €68,885 | €30,367 | -€38,517 | -55.9% |
| Deferred charges and accrued income | 490/1 | €3,591 | €3,678 | +€88 | +2.4% |
| Total equity and liabilities | 10/49 | €225,838 | €167,534 | -€58,305 | -25.8% |
| Equity | 10/15 | €165,488 | €165,633 | +€145 | +0.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €146,896 | €147,041 | +€145 | +0.1% |
| Distributable reserves | 133 | €146,896 | €147,041 | +€145 | +0.1% |
| Amounts payable | 17/49 | €60,350 | €1,900 | -€58,450 | -96.9% |
| Amounts payable within one year | 42/48 | €60,350 | €1,900 | -€58,450 | -96.9% |
| Trade debts | 44 | €1,661 | €1,740 | +€79 | +4.8% |
| Suppliers | 440/4 | €1,661 | €1,740 | +€79 | +4.8% |
| Taxes, remuneration and social security | 45 | €307 | €160 | -€147 | -47.9% |
| Taxes | 450/3 | €307 | €160 | -€147 | -47.9% |
| Other amounts payable | 47/48 | €58,382 | - | -€58,382 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,961 | €2,260 | -€4,701 | -67.5% |
| Other operating charges | 640/8 | €4,189 | €628 | -€3,561 | -85.0% |
| Gross operating margin | 9900 | €49,694 | €36,492 | -€13,202 | -26.6% |
| Operating profit (loss) | 9901 | €38,544 | €33,604 | -€4,940 | -12.8% |
| Financial income | 75/76B | €171 | €442 | +€270 | +158% |
| Recurring financial income | 75 | €171 | €442 | +€270 | +158% |
| Financial charges | 65/66B | €419 | €56 | -€363 | -86.6% |
| Recurring financial charges | 65 | €419 | €56 | -€363 | -86.6% |
| Profit (loss) for the period before taxes | 9903 | €38,296 | €33,990 | -€4,306 | -11.2% |
| Income taxes | 67/77 | €9,768 | €8,845 | -€923 | -9.4% |
| Profit (loss) for the period | 9904 | €28,528 | €25,145 | -€3,383 | -11.9% |
| Profit (loss) for the period to be appropriated | 9905 | €28,528 | €25,145 | -€3,383 | -11.9% |
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 6 November 2026 via checked.be.