MARINAADE: what changed
Two fiscal 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.
MARINAADE
Largest movements
- Tangible fixed assets -€4,177
down €4,177 (-19.4%), from €21,575 to €17,398
of which Furniture and vehicles: -€4,164
- Deferred charges and accrued income -€1,498
down €1,498 (-48.9%), from €3,065 to €1,567
- Cash -€936
down €936 (-8.6%), from €10,822 to €9,886
mainly Current portion of long-term debt (-€3,821) and Debts after one year (-€3,027)
- Receivables after one year -€800
down €800 (-25.0%), from €3,200 to €2,400
- Stocks and contracts -€495
down €495 (-11.0%), from €4,515 to €4,020
- Current portion of long-term debt -€3,821
down €3,821 (-54.1%), from €7,062 to €3,241
- Debts after one year -€3,027
down €3,027 (-39.3%), from €7,699 to €4,671
of which Financial debts: -€3,027
- Short-term financial debts +€2,740
new in 2023: €2,740
- Trade debts -€2,501
down €2,501 (-26.3%), from €9,511 to €7,010
- Other debts -€952
down €952 (-89.9%), from €1,059 to €107
- Staff costs +€14,043
up €14,043 (+59.2%), from €23,720 to €37,763
- Gross operating margin +€11,126
up €11,126 (+28.7%), from €38,719 to €49,845
- Other operating charges +€1,070
up €1,070 (+51.4%), from €2,079 to €3,149
From the 2022 result to the 2023 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.
Cash bridge derived
Derived from the 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €43,437 | €35,636 | -€7,800 | -18.0% |
| Fixed assets | 21/28 | €21,835 | €17,763 | -€4,072 | -18.6% |
| Tangible fixed assets | 22/27 | €21,575 | €17,398 | -€4,177 | -19.4% |
| Plant, machinery and equipment | 23 | €291 | €1,317 | +€1,026 | +353.0% |
| Furniture and vehicles | 24 | €16,783 | €12,618 | -€4,164 | -24.8% |
| Other tangible fixed assets | 26 | €4,501 | €3,463 | -€1,039 | -23.1% |
| Financial fixed assets | 28 | €260 | €365 | +€105 | +40.4% |
| Current assets | 29/58 | €21,602 | €17,873 | -€3,728 | -17.3% |
| Amounts receivable after more than one year | 29 | €3,200 | €2,400 | -€800 | -25.0% |
| Other amounts receivable | 291 | €3,200 | €2,400 | -€800 | -25.0% |
| Stocks and contracts in progress | 3 | €4,515 | €4,020 | -€495 | -11.0% |
| Stocks | 30/36 | €4,515 | €4,020 | -€495 | -11.0% |
| Cash at bank and in hand | 54/58 | €10,822 | €9,886 | -€936 | -8.6% |
| Deferred charges and accrued income | 490/1 | €3,065 | €1,567 | -€1,498 | -48.9% |
| Total equity and liabilities | 10/49 | €43,437 | €35,636 | -€7,800 | -18.0% |
| Equity | 10/15 | €14,533 | €14,083 | -€450 | -3.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,067 | -€4,517 | -€450 | -11.1% |
| Amounts payable | 17/49 | €28,904 | €21,554 | -€7,351 | -25.4% |
| Amounts payable after more than one year | 17 | €7,699 | €4,671 | -€3,027 | -39.3% |
| Financial debts | 170/4 | €3,611 | €583 | -€3,027 | -83.8% |
| Other amounts payable | 178/9 | €4,088 | €4,088 | = | 0.0% |
| Amounts payable within one year | 42/48 | €21,149 | €16,770 | -€4,379 | -20.7% |
| Current portion of amounts payable after more than one year | 42 | €7,062 | €3,241 | -€3,821 | -54.1% |
| Financial debts | 43 | - | €2,740 | +€2,740 | |
| Credit institutions | 430/8 | - | €2,740 | +€2,740 | |
| Trade debts | 44 | €9,511 | €7,010 | -€2,501 | -26.3% |
| Suppliers | 440/4 | €9,511 | €7,010 | -€2,501 | -26.3% |
| Taxes, remuneration and social security | 45 | €3,518 | €3,673 | +€155 | +4.4% |
| Taxes | 450/3 | €950 | €1,030 | +€80 | +8.5% |
| Remuneration and social security | 454/9 | €2,568 | €2,643 | +€75 | +2.9% |
| Other amounts payable | 47/48 | €1,059 | €107 | -€952 | -89.9% |
| Accrued charges and deferred income | 492/3 | €56 | €112 | +€56 | +100.0% |
| Non-recurring operating income | 76A | €303 | €15 | -€287 | -94.9% |
| Remuneration, social security and pensions | 62 | €23,720 | €37,763 | +€14,043 | +59.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,152 | €5,662 | -€489 | -8.0% |
| Other operating charges | 640/8 | €2,079 | €3,149 | +€1,070 | +51.4% |
| Non-recurring operating charges | 66A | €965 | €1,183 | +€217 | +22.5% |
| Gross operating margin | 9900 | €38,719 | €49,845 | +€11,126 | +28.7% |
| Operating profit (loss) | 9901 | €5,803 | €2,089 | -€3,714 | -64.0% |
| Financial income | 75/76B | €85 | €110 | +€25 | +29.3% |
| Recurring financial income | 75 | €85 | €110 | +€25 | +29.3% |
| Financial charges | 65/66B | €2,651 | €2,451 | -€200 | -7.5% |
| Recurring financial charges | 65 | €2,651 | €2,451 | -€200 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | €3,238 | -€252 | -€3,490 | |
| Income taxes | 67/77 | €192 | €198 | +€6 | +3.2% |
| Profit (loss) for the period | 9904 | €3,046 | -€450 | -€3,496 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,046 | -€450 | -€3,496 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.