MARINE DENIS: 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.
MARINE DENIS
Largest movements
- Cash +€28,221
up €28,221 (+70.4%), from €40,111 to €68,332
mainly Net result for the year (+€25,438) and Other debts (+€4,355)
- Receivables within one year +€2,158
up €2,158 (+15.4%), from €14,023 to €16,181
of which Other amounts receivable: +€1,217
- Tangible fixed assets -€913
down €913 (-56.7%), from €1,611 to €698
- Reserves +€25,438
up €25,438 (+57.5%), from €44,223 to €69,661
- Other debts +€4,355
up €4,355 (+83.2%), from €5,232 to €9,587
- Gross operating margin -€9,591
down €9,591 (-22.2%), from €43,258 to €33,667
- Taxes -€1,962
down €1,962 (-21.7%), from €9,047 to €7,085
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 | €56,341 | €85,927 | +€29,586 | +52.5% |
| Fixed assets | 21/28 | €1,611 | €698 | -€913 | -56.7% |
| Tangible fixed assets | 22/27 | €1,611 | €698 | -€913 | -56.7% |
| Furniture and vehicles | 24 | €1,611 | €698 | -€913 | -56.7% |
| Current assets | 29/58 | €54,730 | €85,229 | +€30,499 | +55.7% |
| Amounts receivable within one year | 40/41 | €14,023 | €16,181 | +€2,158 | +15.4% |
| Trade receivables | 40 | €9,772 | €10,713 | +€940 | +9.6% |
| Other amounts receivable | 41 | €4,251 | €5,468 | +€1,217 | +28.6% |
| Cash at bank and in hand | 54/58 | €40,111 | €68,332 | +€28,221 | +70.4% |
| Deferred charges and accrued income | 490/1 | €596 | €717 | +€121 | +20.3% |
| Total equity and liabilities | 10/49 | €56,341 | €85,927 | +€29,586 | +52.5% |
| Equity | 10/15 | €47,223 | €72,661 | +€25,438 | +53.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €44,223 | €69,661 | +€25,438 | +57.5% |
| Distributable reserves | 133 | €44,223 | €69,661 | +€25,438 | +57.5% |
| Amounts payable | 17/49 | €9,118 | €13,266 | +€4,149 | +45.5% |
| Amounts payable within one year | 42/48 | €7,463 | €11,550 | +€4,087 | +54.8% |
| Trade debts | 44 | €2,230 | €1,963 | -€267 | -12.0% |
| Suppliers | 440/4 | €2,230 | €1,963 | -€267 | -12.0% |
| Other amounts payable | 47/48 | €5,232 | €9,587 | +€4,355 | +83.2% |
| Accrued charges and deferred income | 492/3 | €1,655 | €1,716 | +€61 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €687 | €913 | +€226 | +32.8% |
| Other operating charges | 640/8 | €81 | €82 | +€1 | +1.6% |
| Gross operating margin | 9900 | €43,258 | €33,667 | -€9,591 | -22.2% |
| Operating profit (loss) | 9901 | €42,489 | €32,672 | -€9,818 | -23.1% |
| Financial charges | 65/66B | €38 | €149 | +€112 | +298% |
| Recurring financial charges | 65 | €38 | €149 | +€112 | +298% |
| Profit (loss) for the period before taxes | 9903 | €42,452 | €32,522 | -€9,929 | -23.4% |
| Income taxes | 67/77 | €9,047 | €7,085 | -€1,962 | -21.7% |
| Profit (loss) for the period | 9904 | €33,405 | €25,438 | -€7,967 | -23.9% |
| Profit (loss) for the period to be appropriated | 9905 | €33,405 | €25,438 | -€7,967 | -23.9% |
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 17 October 2026 via checked.be.