Pain Marin: 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.
Pain Marin
Largest movements
- Cash -€57,028
down €57,028 (-55.3%), from €103,213 to €46,185
mainly Net result for the year (-€61,612) and Tax, wage and social debts (-€19,142)
- Receivables within one year -€24,256
down €24,256 (-70.4%), from €34,477 to €10,221
of which Trade receivables: -€34,304
- Tangible fixed assets -€6,428
down €6,428 (-19.3%), from €33,389 to €26,961
of which Leasing and similar rights: -€5,888
- Profit (loss) carried forward -€33,633
down €33,633, from €0 to -€33,633
- Reserves -€27,979
down €27,979 (-32.8%), from €85,227 to €57,247
- Tax, wage and social debts -€19,142
down €19,142 (-61.4%), from €31,164 to €12,021
of which Taxes: -€13,342
- Debts after one year -€5,709
down €5,709 (-26.6%), from €21,452 to €15,743
- Gross operating margin -€89,450
down €89,450, from €39,333 to -€50,117
- Financial income -€39,703
down €39,703 (-99.2%), from €40,005 to €302
- Taxes -€11,765
down €11,765 (-98.9%), from €11,893 to €128
- Depreciation +€3,628
up €3,628 (+79.0%), from €4,592 to €8,220
- Financial charges -€2,413
down €2,413 (-48.2%), from €5,011 to €2,598
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €171,079 | €83,965 | -€87,114 | -50.9% |
| Fixed assets | 21/28 | €33,389 | €26,961 | -€6,428 | -19.3% |
| Tangible fixed assets | 22/27 | €33,389 | €26,961 | -€6,428 | -19.3% |
| Plant, machinery and equipment | 23 | €3,652 | €2,642 | -€1,010 | -27.7% |
| Furniture and vehicles | 24 | €3,023 | €3,493 | +€470 | +15.6% |
| Leasing and similar rights | 25 | €26,715 | €20,827 | -€5,888 | -22.0% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €137,690 | €57,004 | -€80,686 | -58.6% |
| Amounts receivable within one year | 40/41 | €34,477 | €10,221 | -€24,256 | -70.4% |
| Trade receivables | 40 | €34,304 | €0 | -€34,304 | -100% |
| Other amounts receivable | 41 | €174 | €10,221 | +€10,047 | +5,787% |
| Cash at bank and in hand | 54/58 | €103,213 | €46,185 | -€57,028 | -55.3% |
| Deferred charges and accrued income | 490/1 | - | €599 | +€599 | |
| Total equity and liabilities | 10/49 | €171,079 | €83,965 | -€87,114 | -50.9% |
| Equity | 10/15 | €110,227 | €48,615 | -€61,612 | -55.9% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €85,227 | €57,247 | -€27,979 | -32.8% |
| Distributable reserves | 133 | €85,227 | €57,247 | -€27,979 | -32.8% |
| Profit (loss) carried forward | 14 | €0 | -€33,633 | -€33,633 | |
| Amounts payable | 17/49 | €60,853 | €35,351 | -€25,502 | -41.9% |
| Amounts payable after more than one year | 17 | €21,452 | €15,743 | -€5,709 | -26.6% |
| Financial debts | 170/4 | €21,452 | €15,743 | -€5,709 | -26.6% |
| Amounts payable within one year | 42/48 | €39,401 | €19,608 | -€19,793 | -50.2% |
| Current portion of amounts payable after more than one year | 42 | €5,400 | €5,709 | +€309 | +5.7% |
| Trade debts | 44 | €2,591 | €1,877 | -€713 | -27.5% |
| Suppliers | 440/4 | €2,591 | €1,877 | -€713 | -27.5% |
| Taxes, remuneration and social security | 45 | €31,164 | €12,021 | -€19,142 | -61.4% |
| Taxes | 450/3 | €25,364 | €12,021 | -€13,342 | -52.6% |
| Remuneration and social security | 454/9 | €5,800 | €0 | -€5,800 | -100% |
| Other amounts payable | 47/48 | €246 | €0 | -€246 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,592 | €8,220 | +€3,628 | +79.0% |
| Other operating charges | 640/8 | €594 | €850 | +€256 | +43.1% |
| Gross operating margin | 9900 | €39,333 | -€50,117 | -€89,450 | |
| Operating profit (loss) | 9901 | €34,147 | -€59,187 | -€93,335 | |
| Financial income | 75/76B | €40,005 | €302 | -€39,703 | -99.2% |
| Recurring financial income | 75 | €40,005 | €302 | -€39,703 | -99.2% |
| Financial charges | 65/66B | €5,011 | €2,598 | -€2,413 | -48.2% |
| Recurring financial charges | 65 | €5,011 | €2,598 | -€2,413 | -48.2% |
| Profit (loss) for the period before taxes | 9903 | €69,141 | -€61,484 | -€130,625 | |
| Income taxes | 67/77 | €11,893 | €128 | -€11,765 | -98.9% |
| Profit (loss) for the period | 9904 | €57,247 | -€61,612 | -€118,859 | |
| Profit (loss) for the period to be appropriated | 9905 | €57,247 | -€61,612 | -€118,859 |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.