Secrets Marins: what changed
Two fiscal 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.
Secrets Marins
Largest movements
- Tangible fixed assets +€3,222
up €3,222 (+806.9%), from €399 to €3,621
of which Other tangible fixed assets: +€3,621
- Stocks and contracts +€685
up €685 (+3.4%), from €20,382 to €21,066
- Cash -€373
down €373 (-99.7%), from €374 to €1
mainly Debts after one year (-€4,464) and Investment in fixed assets (net) (-€3,730)
- Debts after one year -€4,464
down €4,464 (-100.0%), from €4,464 to €0
- Profit (loss) carried forward +€3,322
up €3,322 (+2.3%), from -€141,644 to -€138,321
- Other debts +€3,045
up €3,045 (+2.7%), from €111,640 to €114,685
- Current portion of long-term debt +€2,888
up €2,888 (+183.2%), from €1,576 to €4,464
- Short-term financial debts -€815
down €815 (-12.3%), from €6,633 to €5,818
- Staff costs -€4,348
down €4,348 (-100.0%), from €4,348 to €0
- Depreciation -€3,482
down €3,482 (-87.3%), from €3,990 to €508
- Gross operating margin -€1,433
down €1,433 (-16.9%), from €8,502 to €7,069
- Other operating charges +€1,147
up €1,147 (+236.9%), from €484 to €1,631
- Financial charges -€293
down €293 (-16.7%), from €1,758 to €1,465
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.
Cash bridge derived
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 | €22,612 | €26,337 | +€3,725 | +16.5% |
| Fixed assets | 21/28 | €819 | €4,041 | +€3,222 | +393.3% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €399 | €3,621 | +€3,222 | +806.9% |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | €399 | €0 | -€399 | -100.0% |
| Other tangible fixed assets | 26 | - | €3,621 | +€3,621 | |
| Financial fixed assets | 28 | €420 | €420 | = | 0.0% |
| Current assets | 29/58 | €21,792 | €22,295 | +€503 | +2.3% |
| Stocks and contracts in progress | 3 | €20,382 | €21,066 | +€685 | +3.4% |
| Stocks | 30/36 | €20,382 | €21,066 | +€685 | +3.4% |
| Amounts receivable within one year | 40/41 | €1,036 | €1,228 | +€192 | +18.5% |
| Trade receivables | 40 | €1,036 | €1,228 | +€192 | +18.5% |
| Other amounts receivable | 41 | - | €0 | = | |
| Cash at bank and in hand | 54/58 | €374 | €1 | -€373 | -99.7% |
| Total equity and liabilities | 10/49 | €22,612 | €26,337 | +€3,725 | +16.5% |
| Equity | 10/15 | -€108,644 | -€105,321 | +€3,322 | +3.1% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €3,000 | €3,000 | = | 0.0% |
| Distributable reserves | 133 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€141,644 | -€138,321 | +€3,322 | +2.3% |
| Amounts payable | 17/49 | €131,255 | €131,658 | +€403 | +0.3% |
| Amounts payable after more than one year | 17 | €4,464 | €0 | -€4,464 | -100.0% |
| Financial debts | 170/4 | €4,464 | €0 | -€4,464 | -100.0% |
| Amounts payable within one year | 42/48 | €126,565 | €131,408 | +€4,843 | +3.8% |
| Current portion of amounts payable after more than one year | 42 | €1,576 | €4,464 | +€2,888 | +183.2% |
| Financial debts | 43 | €6,633 | €5,818 | -€815 | -12.3% |
| Credit institutions | 430/8 | €6,633 | €5,818 | -€815 | -12.3% |
| Trade debts | 44 | €1,995 | €2,258 | +€263 | +13.2% |
| Suppliers | 440/4 | €1,995 | €2,258 | +€263 | +13.2% |
| Taxes, remuneration and social security | 45 | €4,721 | €4,183 | -€538 | -11.4% |
| Taxes | 450/3 | €4,650 | €4,183 | -€467 | -10.0% |
| Remuneration and social security | 454/9 | €71 | €0 | -€71 | -100.0% |
| Other amounts payable | 47/48 | €111,640 | €114,685 | +€3,045 | +2.7% |
| Accrued charges and deferred income | 492/3 | €226 | €250 | +€24 | +10.6% |
| Remuneration, social security and pensions | 62 | €4,348 | €0 | -€4,348 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,990 | €508 | -€3,482 | -87.3% |
| Other operating charges | 640/8 | €484 | €1,631 | +€1,147 | +236.9% |
| Gross operating margin | 9900 | €8,502 | €7,069 | -€1,433 | -16.9% |
| Operating profit (loss) | 9901 | -€320 | €4,930 | +€5,250 | |
| Financial charges | 65/66B | €1,758 | €1,465 | -€293 | -16.7% |
| Recurring financial charges | 65 | €1,758 | €1,465 | -€293 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | -€2,078 | €3,465 | +€5,543 | |
| Income taxes | 67/77 | €137 | €143 | +€6 | +4.4% |
| Profit (loss) for the period | 9904 | -€2,215 | €3,322 | +€5,537 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,215 | €3,322 | +€5,537 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.