Marinyvet: 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.
Marinyvet
Largest movements
- Tangible fixed assets -€15,395
down €15,395 (-2.8%), from €548,688 to €533,293
of which Land and buildings: -€22,407
- Cash -€14,612
down €14,612 (-26.8%), from €54,433 to €39,821
mainly Contributions, distributions and other (-€75,000) and Investment in fixed assets (net) (-€20,905)
- Reserves -€22,750
down €22,750 (-30.3%), from €75,000 to €52,250
- Other debts +€18,715
up €18,715 (+246%), from €7,593 to €26,308
- Debts after one year -€16,280
down €16,280 (-3.3%), from €491,335 to €475,055
- Tax, wage and social debts -€9,710
down €9,710 (-34.5%), from €28,142 to €18,432
of which Taxes: -€11,567
- Gross operating margin +€14,370
up €14,370 (+9.7%), from €148,811 to €163,181
- Staff costs +€6,500
up €6,500 (+23.2%), from €28,026 to €34,526
- Financial charges +€1,677
up €1,677 (+7.5%), from €22,476 to €24,153
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 | €645,823 | €616,999 | -€28,824 | -4.5% |
| Fixed assets | 21/28 | €557,363 | €541,968 | -€15,395 | -2.8% |
| Tangible fixed assets | 22/27 | €548,688 | €533,293 | -€15,395 | -2.8% |
| Land and buildings | 22 | €504,167 | €481,759 | -€22,407 | -4.4% |
| Plant, machinery and equipment | 23 | €39,729 | €43,126 | +€3,397 | +8.6% |
| Furniture and vehicles | 24 | €1,148 | €5,914 | +€4,766 | +415% |
| Other tangible fixed assets | 26 | €3,645 | €2,494 | -€1,151 | -31.6% |
| Financial fixed assets | 28 | €8,675 | €8,675 | = | 0.0% |
| Current assets | 29/58 | €88,460 | €75,031 | -€13,429 | -15.2% |
| Stocks and contracts in progress | 3 | €26,154 | €27,893 | +€1,739 | +6.6% |
| Stocks | 30/36 | €26,154 | €27,893 | +€1,739 | +6.6% |
| Amounts receivable within one year | 40/41 | €4,464 | €4,368 | -€96 | -2.2% |
| Trade receivables | 40 | €2,158 | €4,368 | +€2,210 | +102% |
| Other amounts receivable | 41 | €2,307 | €0 | -€2,307 | -100% |
| Cash at bank and in hand | 54/58 | €54,433 | €39,821 | -€14,612 | -26.8% |
| Deferred charges and accrued income | 490/1 | €3,409 | €2,949 | -€459 | -13.5% |
| Total equity and liabilities | 10/49 | €645,823 | €616,999 | -€28,824 | -4.5% |
| Equity | 10/15 | €80,226 | €56,381 | -€23,845 | -29.7% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €75,000 | €52,250 | -€22,750 | -30.3% |
| Distributable reserves | 133 | €75,000 | €52,250 | -€22,750 | -30.3% |
| Profit (loss) carried forward | 14 | €1,226 | €131 | -€1,095 | -89.3% |
| Amounts payable | 17/49 | €565,597 | €560,618 | -€4,980 | -0.9% |
| Amounts payable after more than one year | 17 | €491,335 | €475,055 | -€16,280 | -3.3% |
| Financial debts | 170/4 | €491,335 | €475,055 | -€16,280 | -3.3% |
| Amounts payable within one year | 42/48 | €73,893 | €84,763 | +€10,870 | +14.7% |
| Current portion of amounts payable after more than one year | 42 | €32,788 | €34,632 | +€1,845 | +5.6% |
| Trade debts | 44 | €5,370 | €5,391 | +€20 | +0.4% |
| Suppliers | 440/4 | €5,370 | €5,391 | +€20 | +0.4% |
| Taxes, remuneration and social security | 45 | €28,142 | €18,432 | -€9,710 | -34.5% |
| Taxes | 450/3 | €23,636 | €12,068 | -€11,567 | -48.9% |
| Remuneration and social security | 454/9 | €4,506 | €6,363 | +€1,857 | +41.2% |
| Other amounts payable | 47/48 | €7,593 | €26,308 | +€18,715 | +246% |
| Accrued charges and deferred income | 492/3 | €370 | €800 | +€430 | +116% |
| Remuneration, social security and pensions | 62 | €28,026 | €34,526 | +€6,500 | +23.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,116 | €36,301 | -€815 | -2.2% |
| Other operating charges | 640/8 | €3,862 | €3,991 | +€129 | +3.3% |
| Non-recurring operating charges | 66A | €625 | €196 | -€429 | -68.7% |
| Gross operating margin | 9900 | €148,811 | €163,181 | +€14,370 | +9.7% |
| Operating profit (loss) | 9901 | €79,182 | €88,167 | +€8,985 | +11.3% |
| Financial income | 75/76B | €1,400 | €0 | -€1,400 | -100% |
| Recurring financial income | 75 | €1,400 | €0 | -€1,400 | -100% |
| Financial charges | 65/66B | €22,476 | €24,153 | +€1,677 | +7.5% |
| Recurring financial charges | 65 | €22,476 | €24,153 | +€1,677 | +7.5% |
| Profit (loss) for the period before taxes | 9903 | €58,106 | €64,014 | +€5,908 | +10.2% |
| Income taxes | 67/77 | €12,693 | €12,859 | +€166 | +1.3% |
| Profit (loss) for the period | 9904 | €45,413 | €51,155 | +€5,743 | +12.6% |
| Profit (loss) for the period to be appropriated | 9905 | €45,413 | €51,155 | +€5,743 | +12.6% |
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 24 October 2026 via checked.be.