MARINA BLITZ: 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.
MARINA BLITZ
Largest movements
- Receivables within one year +€51,640
up €51,640 (+2,406%), from €2,146 to €53,786
of which Trade receivables: +€49,200
- Cash -€16,752
down €16,752 (-34.2%), from €49,010 to €32,257
mainly Contributions, distributions and other (-€350,000) and Receivables within one year (-€51,640)
- Other debts +€152,035
up €152,035 (+2,467%), from €6,163 to €158,197
- Profit (loss) carried forward -€97,095
down €97,095 (-97.4%), from €99,672 to €2,578
- Reserves -€69,579
down €69,579 (-13.6%), from €511,905 to €442,326
- Tax, wage and social debts +€28,634
up €28,634 (+211%), from €13,546 to €42,180
- Trade debts +€17,293
up €17,293 (+56.9%), from €30,382 to €47,675
- Gross operating margin +€14,651
up €14,651 (+6.0%), from €243,561 to €258,211
- Taxes -€8,125
down €8,125 (-10.6%), from €76,546 to €68,421
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €661,963 | €693,798 | +€31,835 | +4.8% |
| Fixed assets | 21/28 | €355,854 | €352,776 | -€3,078 | -0.9% |
| Tangible fixed assets | 22/27 | €18,090 | €15,012 | -€3,078 | -17.0% |
| Furniture and vehicles | 24 | €7,579 | €4,502 | -€3,078 | -40.6% |
| Other tangible fixed assets | 26 | €10,511 | €10,511 | = | 0.0% |
| Financial fixed assets | 28 | €337,764 | €337,764 | = | 0.0% |
| Current assets | 29/58 | €306,109 | €341,021 | +€34,913 | +11.4% |
| Amounts receivable within one year | 40/41 | €2,146 | €53,786 | +€51,640 | +2,406% |
| Trade receivables | 40 | - | €49,200 | +€49,200 | |
| Other amounts receivable | 41 | €2,146 | €4,586 | +€2,440 | +114% |
| Current investments | 50/53 | €250,000 | €250,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €49,010 | €32,257 | -€16,752 | -34.2% |
| Deferred charges and accrued income | 490/1 | €4,953 | €4,978 | +€24 | +0.5% |
| Total equity and liabilities | 10/49 | €661,963 | €693,798 | +€31,835 | +4.8% |
| Equity | 10/15 | €611,577 | €444,904 | -€166,674 | -27.3% |
| Reserves | 13 | €511,905 | €442,326 | -€69,579 | -13.6% |
| Distributable reserves | 133 | €511,905 | €442,326 | -€69,579 | -13.6% |
| Profit (loss) carried forward | 14 | €99,672 | €2,578 | -€97,095 | -97.4% |
| Amounts payable | 17/49 | €50,385 | €248,894 | +€198,509 | +394% |
| Amounts payable within one year | 42/48 | €50,090 | €248,052 | +€197,962 | +395% |
| Trade debts | 44 | €30,382 | €47,675 | +€17,293 | +56.9% |
| Suppliers | 440/4 | €30,382 | €47,675 | +€17,293 | +56.9% |
| Taxes, remuneration and social security | 45 | €13,546 | €42,180 | +€28,634 | +211% |
| Taxes | 450/3 | €13,546 | €42,180 | +€28,634 | +211% |
| Other amounts payable | 47/48 | €6,163 | €158,197 | +€152,035 | +2,467% |
| Accrued charges and deferred income | 492/3 | €295 | €842 | +€547 | +185% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,151 | €5,578 | -€573 | -9.3% |
| Other operating charges | 640/8 | €682 | €701 | +€18 | +2.7% |
| Gross operating margin | 9900 | €243,561 | €258,211 | +€14,651 | +6.0% |
| Operating profit (loss) | 9901 | €236,727 | €251,932 | +€15,205 | +6.4% |
| Financial income | 75/76B | €3 | €14 | +€11 | +351% |
| Recurring financial income | 75 | €3 | €14 | +€11 | +351% |
| Financial charges | 65/66B | €203 | €200 | -€4 | -1.8% |
| Recurring financial charges | 65 | €203 | €200 | -€4 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | €236,527 | €251,747 | +€15,220 | +6.4% |
| Income taxes | 67/77 | €76,546 | €68,421 | -€8,125 | -10.6% |
| Profit (loss) for the period | 9904 | €159,982 | €183,326 | +€23,345 | +14.6% |
| Profit (loss) for the period to be appropriated | 9905 | €159,982 | €183,326 | +€23,345 | +14.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.