MARINA STOOP: 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 STOOP
Largest movements
- Receivables after one year -€83,566
down €83,566 (-61.0%), from €137,100 to €53,534
- Cash +€12,453
up €12,453 (+417%), from €2,988 to €15,442
mainly Receivables after one year (+€83,566) and Other debts (+€43,958)
- Receivables within one year -€10,700
down €10,700 (-90.8%), from €11,782 to €1,083
of which Trade receivables: -€6,033
- Reserves -€123,743
down €123,743 (-55.4%), from €223,255 to €99,512
- Other debts +€43,958
new in 2025: €43,958
- Gross operating margin -€4,620
down €4,620 (-8.8%), from €52,688 to €48,068
- Taxes +€1,019
up €1,019 (+6.6%), from €15,350 to €16,368
- Financial income -€642
down €642 (-29.7%), from €2,159 to €1,517
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 | €239,405 | €159,744 | -€79,661 | -33.3% |
| Fixed assets | 21/28 | €83,636 | €84,575 | +€939 | +1.1% |
| Tangible fixed assets | 22/27 | €3,587 | €4,526 | +€939 | +26.2% |
| Other tangible fixed assets | 26 | €3,587 | €4,526 | +€939 | +26.2% |
| Financial fixed assets | 28 | €80,050 | €80,050 | = | 0.0% |
| Current assets | 29/58 | €155,768 | €75,169 | -€80,600 | -51.7% |
| Amounts receivable after more than one year | 29 | €137,100 | €53,534 | -€83,566 | -61.0% |
| Other amounts receivable | 291 | €137,100 | €53,534 | -€83,566 | -61.0% |
| Amounts receivable within one year | 40/41 | €11,782 | €1,083 | -€10,700 | -90.8% |
| Trade receivables | 40 | €6,033 | - | -€6,033 | |
| Other amounts receivable | 41 | €5,749 | €1,083 | -€4,666 | -81.2% |
| Cash at bank and in hand | 54/58 | €2,988 | €15,442 | +€12,453 | +417% |
| Deferred charges and accrued income | 490/1 | €3,898 | €5,110 | +€1,212 | +31.1% |
| Total equity and liabilities | 10/49 | €239,405 | €159,744 | -€79,661 | -33.3% |
| Equity | 10/15 | €226,069 | €102,326 | -€123,743 | -54.7% |
| Reserves | 13 | €223,255 | €99,512 | -€123,743 | -55.4% |
| Distributable reserves | 133 | €223,255 | €99,512 | -€123,743 | -55.4% |
| Profit (loss) carried forward | 14 | €2,814 | €2,814 | = | 0.0% |
| Amounts payable | 17/49 | €13,335 | €57,418 | +€44,082 | +331% |
| Amounts payable within one year | 42/48 | €13,145 | €57,131 | +€43,985 | +335% |
| Financial debts | 43 | €4,565 | €4,543 | -€22 | -0.5% |
| Credit institutions | 430/8 | €4,565 | €4,543 | -€22 | -0.5% |
| Trade debts | 44 | €4,050 | €3,949 | -€100 | -2.5% |
| Suppliers | 440/4 | €4,050 | €3,949 | -€100 | -2.5% |
| Taxes, remuneration and social security | 45 | €4,531 | €4,680 | +€149 | +3.3% |
| Taxes | 450/3 | €4,531 | €4,680 | +€149 | +3.3% |
| Other amounts payable | 47/48 | - | €43,958 | +€43,958 | |
| Accrued charges and deferred income | 492/3 | €190 | €287 | +€97 | +51.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €648 | €736 | +€87 | +13.5% |
| Other operating charges | 640/8 | €1,534 | €2,049 | +€515 | +33.5% |
| Gross operating margin | 9900 | €52,688 | €48,068 | -€4,620 | -8.8% |
| Operating profit (loss) | 9901 | €50,505 | €45,284 | -€5,222 | -10.3% |
| Financial income | 75/76B | €2,159 | €1,517 | -€642 | -29.7% |
| Recurring financial income | 75 | €2,159 | €1,517 | -€642 | -29.7% |
| Financial charges | 65/66B | €390 | €297 | -€93 | -23.8% |
| Recurring financial charges | 65 | €390 | €297 | -€93 | -23.8% |
| Profit (loss) for the period before taxes | 9903 | €52,273 | €46,503 | -€5,771 | -11.0% |
| Income taxes | 67/77 | €15,350 | €16,368 | +€1,019 | +6.6% |
| Profit (loss) for the period | 9904 | €36,924 | €30,135 | -€6,789 | -18.4% |
| Profit (loss) for the period to be appropriated | 9905 | €36,924 | €30,135 | -€6,789 | -18.4% |
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 13 October 2026 via checked.be.