MARINELEC: 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.
MARINELEC
Largest movements
- Tangible fixed assets -€13,774
down €13,774 (-43.8%), from €31,434 to €17,660
of which Plant, machinery and equipment: -€8,677
- Receivables within one year +€4,426
up €4,426 (+11.6%), from €38,031 to €42,457
of which Trade receivables: +€4,047
- Stocks and contracts -€1,833
down €1,833 (-18.1%), from €10,123 to €8,290
- Cash -€1,491
down €1,491 (-29.4%), from €5,074 to €3,583
mainly Tax, wage and social debts (-€16,307) and Net result for the year (-€5,075)
- Tax, wage and social debts -€16,307
down €16,307 (-56.5%), from €28,847 to €12,540
of which Remuneration and social security: -€12,199
- Trade debts +€7,388
up €7,388 (+60.6%), from €12,189 to €19,577
- Profit (loss) carried forward -€5,075
down €5,075 (-91.2%), from -€5,566 to -€10,641
- Advances received +€1,488
new in 2024: €1,488
- Staff costs -€17,509
down €17,509 (-47.4%), from €36,972 to €19,463
- Gross operating margin -€15,517
down €15,517 (-31.4%), from €49,433 to €33,917
- Financial charges +€4,049
up €4,049 (+373%), from €1,084 to €5,134
- Other operating charges -€1,597
down €1,597 (-72.0%), from €2,218 to €621
- Depreciation +€679
up €679 (+5.2%), from €13,095 to €13,774
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €84,980 | €72,175 | -€12,806 | -15.1% |
| Fixed assets | 21/28 | €31,434 | €17,660 | -€13,774 | -43.8% |
| Tangible fixed assets | 22/27 | €31,434 | €17,660 | -€13,774 | -43.8% |
| Plant, machinery and equipment | 23 | €18,839 | €10,162 | -€8,677 | -46.1% |
| Furniture and vehicles | 24 | €12,594 | €7,498 | -€5,096 | -40.5% |
| Current assets | 29/58 | €53,547 | €54,514 | +€968 | +1.8% |
| Stocks and contracts in progress | 3 | €10,123 | €8,290 | -€1,833 | -18.1% |
| Stocks | 30/36 | €10,123 | €8,290 | -€1,833 | -18.1% |
| Amounts receivable within one year | 40/41 | €38,031 | €42,457 | +€4,426 | +11.6% |
| Trade receivables | 40 | €11,622 | €15,669 | +€4,047 | +34.8% |
| Other amounts receivable | 41 | €26,410 | €26,788 | +€379 | +1.4% |
| Cash at bank and in hand | 54/58 | €5,074 | €3,583 | -€1,491 | -29.4% |
| Deferred charges and accrued income | 490/1 | €319 | €185 | -€134 | -41.9% |
| Total equity and liabilities | 10/49 | €84,980 | €72,175 | -€12,806 | -15.1% |
| Equity | 10/15 | €1,385 | -€3,690 | -€5,075 | |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Contributions outside capital | 11 | €6,197 | €6,197 | = | 0.0% |
| Other | 1109/19 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €754 | €754 | = | 0.0% |
| Non-distributable reserves | 130/1 | €754 | €754 | = | 0.0% |
| Reserves not available under the articles | 1311 | €754 | €754 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,566 | -€10,641 | -€5,075 | -91.2% |
| Amounts payable | 17/49 | €83,596 | €75,865 | -€7,731 | -9.2% |
| Amounts payable within one year | 42/48 | €83,596 | €75,865 | -€7,731 | -9.2% |
| Trade debts | 44 | €12,189 | €19,577 | +€7,388 | +60.6% |
| Suppliers | 440/4 | €12,189 | €19,577 | +€7,388 | +60.6% |
| Advances received on contracts in progress | 46 | - | €1,488 | +€1,488 | |
| Taxes, remuneration and social security | 45 | €28,847 | €12,540 | -€16,307 | -56.5% |
| Taxes | 450/3 | €10,969 | €6,861 | -€4,108 | -37.4% |
| Remuneration and social security | 454/9 | €17,878 | €5,679 | -€12,199 | -68.2% |
| Other amounts payable | 47/48 | €42,560 | €42,260 | -€300 | -0.7% |
| Remuneration, social security and pensions | 62 | €36,972 | €19,463 | -€17,509 | -47.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,095 | €13,774 | +€679 | +5.2% |
| Other operating charges | 640/8 | €2,218 | €621 | -€1,597 | -72.0% |
| Gross operating margin | 9900 | €49,433 | €33,917 | -€15,517 | -31.4% |
| Operating profit (loss) | 9901 | -€2,852 | €59 | +€2,911 | |
| Financial income | 75/76B | €2 | €0 | -€2 | -94.7% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -94.7% |
| Financial charges | 65/66B | €1,084 | €5,134 | +€4,049 | +373% |
| Recurring financial charges | 65 | €1,084 | €5,134 | +€4,049 | +373% |
| Profit (loss) for the period before taxes | 9903 | -€3,934 | -€5,075 | -€1,141 | -29.0% |
| Profit (loss) for the period | 9904 | -€3,934 | -€5,075 | -€1,141 | -29.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,934 | -€5,075 | -€1,141 | -29.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.