MARSINNE SERVICES: 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.
MARSINNE SERVICES
Largest movements
- Cash +€35,021
up €35,021 (+82.5%), from €42,425 to €77,446
mainly Net result for the year (+€26,260) and Accrued charges and deferred income (+€16,426)
- Receivables within one year +€26,460
up €26,460 (+311%), from €8,498 to €34,958
of which Trade receivables: +€25,757
- Tangible fixed assets -€9,303
down €9,303 (-16.4%), from €56,845 to €47,541
- Profit (loss) carried forward +€26,260
up €26,260 (+93.6%), from -€28,049 to -€1,789
- Accrued charges and deferred income +€16,426
new in 2025: €16,426
- Other debts +€16,038
up €16,038 (+331%), from €4,839 to €20,877
- Debts after one year -€8,110
down €8,110 (-49.7%), from €16,332 to €8,222
- Tax, wage and social debts +€5,478
up €5,478 (+869%), from €630 to €6,108
of which Taxes: +€5,478
- Gross operating margin +€40,434
up €40,434 (+347%), from €11,649 to €52,083
- Taxes +€6,050
up €6,050 (+5,396%), from €112 to €6,162
- Other operating charges -€5,167
down €5,167 (-81.6%), from €6,334 to €1,167
- Depreciation -€2,214
down €2,214 (-16.0%), from €13,797 to €11,583
- Write-downs +€1,131
new in 2025: €1,131
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 | €110,537 | €164,324 | +€53,787 | +48.7% |
| Fixed assets | 21/28 | €56,845 | €47,541 | -€9,303 | -16.4% |
| Tangible fixed assets | 22/27 | €56,845 | €47,541 | -€9,303 | -16.4% |
| Land and buildings | 22 | €26,706 | €23,305 | -€3,401 | -12.7% |
| Plant, machinery and equipment | 23 | €27,952 | €24,237 | -€3,716 | -13.3% |
| Furniture and vehicles | 24 | €2,187 | €0 | -€2,187 | -100.0% |
| Current assets | 29/58 | €53,692 | €116,782 | +€63,090 | +118% |
| Stocks and contracts in progress | 3 | €2,675 | €2,675 | = | 0.0% |
| Stocks | 30/36 | €2,675 | €2,675 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €8,498 | €34,958 | +€26,460 | +311% |
| Trade receivables | 40 | €6,320 | €32,077 | +€25,757 | +408% |
| Other amounts receivable | 41 | €2,178 | €2,881 | +€703 | +32.3% |
| Cash at bank and in hand | 54/58 | €42,425 | €77,446 | +€35,021 | +82.5% |
| Deferred charges and accrued income | 490/1 | €94 | €1,703 | +€1,609 | +1,707% |
| Total equity and liabilities | 10/49 | €110,537 | €164,324 | +€53,787 | +48.7% |
| Equity | 10/15 | €77,675 | €103,935 | +€26,260 | +33.8% |
| Contributions | 10/11 | €95,324 | €95,324 | = | 0.0% |
| Reserves | 13 | €10,400 | €10,400 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,400 | €10,400 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,400 | €10,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,049 | -€1,789 | +€26,260 | +93.6% |
| Amounts payable | 17/49 | €32,862 | €60,389 | +€27,527 | +83.8% |
| Amounts payable after more than one year | 17 | €16,332 | €8,222 | -€8,110 | -49.7% |
| Financial debts | 170/4 | €16,332 | €8,222 | -€8,110 | -49.7% |
| Amounts payable within one year | 42/48 | €16,530 | €35,741 | +€19,211 | +116% |
| Current portion of amounts payable after more than one year | 42 | €10,392 | €8,110 | -€2,283 | -22.0% |
| Trade debts | 44 | €669 | €646 | -€23 | -3.5% |
| Suppliers | 440/4 | €669 | €646 | -€23 | -3.5% |
| Taxes, remuneration and social security | 45 | €630 | €6,108 | +€5,478 | +869% |
| Taxes | 450/3 | €630 | €6,108 | +€5,478 | +869% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €4,839 | €20,877 | +€16,038 | +331% |
| Accrued charges and deferred income | 492/3 | - | €16,426 | +€16,426 | |
| Remuneration, social security and pensions | 62 | €408 | €0 | -€408 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,797 | €11,583 | -€2,214 | -16.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,131 | +€1,131 | |
| Other operating charges | 640/8 | €6,334 | €1,167 | -€5,167 | -81.6% |
| Non-recurring operating charges | 66A | - | €5,218 | +€5,218 | |
| Gross operating margin | 9900 | €11,649 | €52,083 | +€40,434 | +347% |
| Operating profit (loss) | 9901 | -€8,891 | €32,984 | +€41,875 | |
| Financial income | 75/76B | €989 | €86 | -€903 | -91.3% |
| Recurring financial income | 75 | €989 | €86 | -€903 | -91.3% |
| Financial charges | 65/66B | €651 | €647 | -€4 | -0.6% |
| Recurring financial charges | 65 | €651 | €647 | -€4 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | -€8,553 | €32,422 | +€40,975 | |
| Income taxes | 67/77 | €112 | €6,162 | +€6,050 | +5,396% |
| Profit (loss) for the period | 9904 | -€8,665 | €26,260 | +€34,925 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,665 | €26,260 | +€34,925 |
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 29 October 2026 via checked.be.