MARINALYS: 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.
MARINALYS
Largest movements
- Tangible fixed assets -€16,524
down €16,524 (-5.2%), from €315,433 to €298,909
- Trade debts -€19,784
down €19,784 (-88.5%), from €22,344 to €2,560
- Reserves +€13,778
up €13,778 (+1.2%), from €1.1m to €1.1m
of which Distributable reserves: +€13,778
- Gross operating margin +€83,658
up €83,658, from -€58,458 to €25,201
- Financial charges +€8,999
up €8,999 (+9,729%), from €93 to €9,092
of which Non-recurring financial charges: +€9,019
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 | €1,292,756 | €1,286,818 | -€5,938 | -0.5% |
| Fixed assets | 21/28 | €315,433 | €298,909 | -€16,524 | -5.2% |
| Tangible fixed assets | 22/27 | €315,433 | €298,909 | -€16,524 | -5.2% |
| Land and buildings | 22 | €315,433 | €298,909 | -€16,524 | -5.2% |
| Current assets | 29/58 | €977,322 | €987,909 | +€10,586 | +1.1% |
| Stocks and contracts in progress | 3 | €430,735 | €430,735 | = | 0.0% |
| Stocks | 30/36 | €430,735 | €430,735 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €525,377 | €531,298 | +€5,921 | +1.1% |
| Trade receivables | 40 | €9,019 | €0 | -€9,019 | -100% |
| Other amounts receivable | 41 | €516,358 | €531,298 | +€14,941 | +2.9% |
| Cash at bank and in hand | 54/58 | €1,081 | €5,525 | +€4,445 | +411% |
| Deferred charges and accrued income | 490/1 | €20,130 | €20,350 | +€220 | +1.1% |
| Total equity and liabilities | 10/49 | €1,292,756 | €1,286,818 | -€5,938 | -0.5% |
| Equity | 10/15 | €1,270,185 | €1,283,962 | +€13,778 | +1.1% |
| Contributions | 10/11 | €161,500 | €161,500 | = | 0.0% |
| Capital | 10 | €161,500 | €161,500 | = | 0.0% |
| Issued capital | 100 | €161,500 | €161,500 | = | 0.0% |
| Reserves | 13 | €1,108,685 | €1,122,462 | +€13,778 | +1.2% |
| Non-distributable reserves | 130/1 | €16,150 | €16,150 | = | 0.0% |
| Legal reserve | 130 | €16,150 | €16,150 | = | 0.0% |
| Distributable reserves | 133 | €1,092,535 | €1,106,312 | +€13,778 | +1.3% |
| Amounts payable | 17/49 | €22,571 | €2,856 | -€19,716 | -87.3% |
| Amounts payable within one year | 42/48 | €22,571 | €2,853 | -€19,718 | -87.4% |
| Trade debts | 44 | €22,344 | €2,560 | -€19,784 | -88.5% |
| Suppliers | 440/4 | €22,344 | €2,560 | -€19,784 | -88.5% |
| Other amounts payable | 47/48 | €227 | €293 | +€66 | +29.0% |
| Accrued charges and deferred income | 492/3 | - | €2 | +€2 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,524 | €16,524 | = | 0.0% |
| Other operating charges | 640/8 | €6,280 | €6,165 | -€115 | -1.8% |
| Gross operating margin | 9900 | -€58,458 | €25,201 | +€83,658 | |
| Operating profit (loss) | 9901 | -€81,261 | €2,512 | +€83,773 | |
| Financial income | 75/76B | €20,131 | €20,358 | +€227 | +1.1% |
| Recurring financial income | 75 | €20,131 | €20,358 | +€227 | +1.1% |
| Financial charges | 65/66B | €93 | €9,092 | +€8,999 | +9,729% |
| Recurring financial charges | 65 | €93 | €72 | -€20 | -22.0% |
| Non-recurring financial charges | 66B | - | €9,019 | +€9,019 | |
| Profit (loss) for the period before taxes | 9903 | -€61,223 | €13,778 | +€75,001 | |
| Income taxes | 67/77 | €0 | €0 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€61,223 | €13,778 | +€75,001 | |
| Profit (loss) for the period to be appropriated | 9905 | -€61,223 | €13,778 | +€75,001 |
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.