MARINA CORNELIS: what changed
MARINA CORNELIS
Largest movements
- Cash -€140,758
down €140,758 (-63.5%), from €221,749 to €80,991
mainly Current investments (-€120,000) and Contributions, distributions and other (-€58,954)
- Current investments +€120,000
up €120,000 (+52.4%), from €229,128 to €349,128
- Receivables within one year +€40,174
up €40,174 (+131%), from €30,740 to €70,914
of which Trade receivables: +€22,464
- Tangible fixed assets -€21,378
down €21,378 (-6.0%), from €355,021 to €333,643
of which Furniture and vehicles: -€12,784
- Reserves +€20,045
up €20,045 (+2.9%), from €697,727 to €717,772
of which Distributable reserves: +€20,045
- Tax, wage and social debts -€17,325
down €17,325 (-44.4%), from €39,022 to €21,697
of which Taxes: -€24,812
- Debts after one year -€11,306
down €11,306 (-19.6%), from €57,555 to €46,249
- Trade debts +€10,459
up €10,459 (+310%), from €3,376 to €13,835
- Gross operating margin -€257,665
down €257,665 (-63.5%), from €406,051 to €148,386
- Turnover -€244,516
down €244,516 (-49.3%), from €495,994 to €251,478
- Taxes -€91,383
down €91,383 (-69.3%), from €131,912 to €40,529
- Financial income -€16,597
down €16,597 (-82.5%), from €20,109 to €3,512
- Depreciation +€12,748
up €12,748 (+112%), from €11,411 to €24,159
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 | €839,283 | €837,631 | -€1,652 | -0.2% |
| Fixed assets | 21/28 | €355,021 | €333,643 | -€21,378 | -6.0% |
| Tangible fixed assets | 22/27 | €355,021 | €333,643 | -€21,378 | -6.0% |
| Land and buildings | 22 | €284,553 | €275,959 | -€8,594 | -3.0% |
| Furniture and vehicles | 24 | €70,468 | €57,684 | -€12,784 | -18.1% |
| Current assets | 29/58 | €484,262 | €503,988 | +€19,726 | +4.1% |
| Amounts receivable within one year | 40/41 | €30,740 | €70,914 | +€40,174 | +131% |
| Trade receivables | 40 | €30,740 | €53,204 | +€22,464 | +73.1% |
| Other amounts receivable | 41 | - | €17,710 | +€17,710 | |
| Current investments | 50/53 | €229,128 | €349,128 | +€120,000 | +52.4% |
| Cash at bank and in hand | 54/58 | €221,749 | €80,991 | -€140,758 | -63.5% |
| Deferred charges and accrued income | 490/1 | €2,645 | €2,955 | +€310 | +11.7% |
| Total equity and liabilities | 10/49 | €839,283 | €837,631 | -€1,652 | -0.2% |
| Equity | 10/15 | €716,327 | €736,372 | +€20,045 | +2.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €697,727 | €717,772 | +€20,045 | +2.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €84,200 | €84,200 | = | 0.0% |
| Distributable reserves | 133 | €611,667 | €631,712 | +€20,045 | +3.3% |
| Amounts payable | 17/49 | €122,956 | €101,259 | -€21,697 | -17.6% |
| Amounts payable after more than one year | 17 | €57,555 | €46,249 | -€11,306 | -19.6% |
| Financial debts | 170/4 | €57,555 | €46,249 | -€11,306 | -19.6% |
| Amounts payable within one year | 42/48 | €65,401 | €55,010 | -€10,391 | -15.9% |
| Current portion of amounts payable after more than one year | 42 | €13,362 | €12,334 | -€1,028 | -7.7% |
| Trade debts | 44 | €3,376 | €13,835 | +€10,459 | +310% |
| Suppliers | 440/4 | €3,376 | €13,835 | +€10,459 | +310% |
| Taxes, remuneration and social security | 45 | €39,022 | €21,697 | -€17,325 | -44.4% |
| Taxes | 450/3 | €36,164 | €11,352 | -€24,812 | -68.6% |
| Remuneration and social security | 454/9 | €2,858 | €10,345 | +€7,487 | +262% |
| Other amounts payable | 47/48 | €9,641 | €7,144 | -€2,497 | -25.9% |
| Turnover | 70 | €495,994 | €251,478 | -€244,516 | -49.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €126,489 | €119,139 | -€7,350 | -5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,411 | €24,159 | +€12,748 | +112% |
| Other operating charges | 640/8 | €5,118 | €4,814 | -€304 | -5.9% |
| Gross operating margin | 9900 | €406,051 | €148,386 | -€257,665 | -63.5% |
| Operating profit (loss) | 9901 | €389,522 | €119,413 | -€270,109 | -69.3% |
| Financial income | 75/76B | €20,109 | €3,512 | -€16,597 | -82.5% |
| Recurring financial income | 75 | €20,109 | €3,512 | -€16,597 | -82.5% |
| Financial charges | 65/66B | €4,686 | €3,397 | -€1,289 | -27.5% |
| Recurring financial charges | 65 | €4,686 | €3,397 | -€1,289 | -27.5% |
| Profit (loss) for the period before taxes | 9903 | €404,945 | €119,528 | -€285,417 | -70.5% |
| Income taxes | 67/77 | €131,912 | €40,529 | -€91,383 | -69.3% |
| Profit (loss) for the period | 9904 | €273,033 | €78,999 | -€194,034 | -71.1% |
| Profit (loss) for the period to be appropriated | 9905 | €273,033 | €78,999 | -€194,034 | -71.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.