MOENENS MARINO: what changed
MOENENS MARINO
Largest movements
- Cash +€109,461
up €109,461 (+947%), from €11,558 to €121,018
mainly Receivables within one year (+€108,207) and Depreciation (+€78,508)
- Receivables within one year -€108,207
down €108,207 (-24.4%), from €442,768 to €334,561
of which Trade receivables: -€139,324
- Stocks and contracts -€40,986
down €40,986 (-84.2%), from €48,657 to €7,671
of which Contracts in progress: -€40,986
- Deferred charges and accrued income +€33,726
up €33,726 (+542%), from €6,222 to €39,948
- Tangible fixed assets -€19,758
down €19,758 (-5.0%), from €391,488 to €371,730
of which Furniture and vehicles: -€16,772
- Trade debts -€156,413
down €156,413 (-84.5%), from €185,047 to €28,634
- Debts after one year +€49,774
new in 2025: €49,774
- Current portion of long-term debt +€31,020
up €31,020 (+2,001%), from €1,550 to €32,570
- Reserves +€25,277
up €25,277 (+3.9%), from €649,839 to €675,116
of which Distributable reserves: +€25,277
- Tax, wage and social debts +€23,477
up €23,477 (+82.4%), from €28,504 to €51,982
of which Remuneration and social security: +€42,450
- Staff costs +€74,027
up €74,027 (+31.3%), from €236,585 to €310,612
- Gross operating margin +€41,514
up €41,514 (+10.3%), from €403,166 to €444,680
- Depreciation +€10,788
up €10,788 (+15.9%), from €67,720 to €78,508
- Taxes -€10,222
down €10,222 (-51.5%), from €19,834 to €9,612
- Other operating charges +€8,429
up €8,429 (+327%), from €2,577 to €11,006
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €901,205 | €875,327 | -€25,878 | -2.9% |
| Fixed assets | 21/28 | €392,000 | €372,129 | -€19,871 | -5.1% |
| Intangible fixed assets | 21 | €377 | €264 | -€113 | -30.0% |
| Tangible fixed assets | 22/27 | €391,488 | €371,730 | -€19,758 | -5.0% |
| Land and buildings | 22 | €169,629 | €160,956 | -€8,673 | -5.1% |
| Plant, machinery and equipment | 23 | €10,431 | €16,119 | +€5,688 | +54.5% |
| Furniture and vehicles | 24 | €211,427 | €194,655 | -€16,772 | -7.9% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €509,205 | €503,198 | -€6,007 | -1.2% |
| Stocks and contracts in progress | 3 | €48,657 | €7,671 | -€40,986 | -84.2% |
| Stocks | 30/36 | €7,671 | €7,671 | = | 0.0% |
| Contracts in progress | 37 | €40,986 | €0 | -€40,986 | -100% |
| Amounts receivable within one year | 40/41 | €442,768 | €334,561 | -€108,207 | -24.4% |
| Trade receivables | 40 | €418,804 | €279,480 | -€139,324 | -33.3% |
| Other amounts receivable | 41 | €23,964 | €55,081 | +€31,117 | +130% |
| Cash at bank and in hand | 54/58 | €11,558 | €121,018 | +€109,461 | +947% |
| Deferred charges and accrued income | 490/1 | €6,222 | €39,948 | +€33,726 | +542% |
| Total equity and liabilities | 10/49 | €901,205 | €875,327 | -€25,878 | -2.9% |
| Equity | 10/15 | €665,952 | €691,229 | +€25,277 | +3.8% |
| Contributions | 10/11 | €16,113 | €16,113 | = | 0.0% |
| Reserves | 13 | €649,839 | €675,116 | +€25,277 | +3.9% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €206,250 | €206,250 | = | 0.0% |
| Distributable reserves | 133 | €441,730 | €467,007 | +€25,277 | +5.7% |
| Amounts payable | 17/49 | €235,253 | €184,097 | -€51,156 | -21.7% |
| Amounts payable after more than one year | 17 | - | €49,774 | +€49,774 | |
| Financial debts | 170/4 | - | €49,774 | +€49,774 | |
| Amounts payable within one year | 42/48 | €235,253 | €126,977 | -€108,276 | -46.0% |
| Current portion of amounts payable after more than one year | 42 | €1,550 | €32,570 | +€31,020 | +2,001% |
| Trade debts | 44 | €185,047 | €28,634 | -€156,413 | -84.5% |
| Suppliers | 440/4 | €185,047 | €28,634 | -€156,413 | -84.5% |
| Taxes, remuneration and social security | 45 | €28,504 | €51,982 | +€23,477 | +82.4% |
| Taxes | 450/3 | €27,460 | €8,487 | -€18,973 | -69.1% |
| Remuneration and social security | 454/9 | €1,045 | €43,495 | +€42,450 | +4,064% |
| Other amounts payable | 47/48 | €20,152 | €13,792 | -€6,360 | -31.6% |
| Accrued charges and deferred income | 492/3 | - | €7,347 | +€7,347 | |
| Non-recurring operating income | 76A | - | €3,631 | +€3,631 | |
| Remuneration, social security and pensions | 62 | €236,585 | €310,612 | +€74,027 | +31.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,720 | €78,508 | +€10,788 | +15.9% |
| Other operating charges | 640/8 | €2,577 | €11,006 | +€8,429 | +327% |
| Gross operating margin | 9900 | €403,166 | €444,680 | +€41,514 | +10.3% |
| Operating profit (loss) | 9901 | €96,284 | €44,554 | -€51,730 | -53.7% |
| Financial income | 75/76B | €558 | €1,679 | +€1,122 | +201% |
| Recurring financial income | 75 | €558 | €1,679 | +€1,122 | +201% |
| Financial charges | 65/66B | €8,990 | €11,344 | +€2,354 | +26.2% |
| Recurring financial charges | 65 | €8,990 | €11,344 | +€2,354 | +26.2% |
| Profit (loss) for the period before taxes | 9903 | €87,852 | €34,890 | -€52,962 | -60.3% |
| Income taxes | 67/77 | €19,834 | €9,612 | -€10,222 | -51.5% |
| Profit (loss) for the period | 9904 | €68,017 | €25,277 | -€42,740 | -62.8% |
| Profit (loss) for the period to be appropriated | 9905 | €68,017 | €25,277 | -€42,740 | -62.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.