Sint-Maarten: 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.
Sint-Maarten
Largest movements
- Receivables within one year -€9,844
down €9,844 (-95.7%), from €10,287 to €443
of which Trade receivables: -€9,895
- Cash -€3,159
down €3,159 (-14.9%), from €21,139 to €17,980
mainly Tax, wage and social debts (-€18,743) and Trade debts (-€9,577)
- Tangible fixed assets -€1,192
down €1,192 (-54.3%), from €2,196 to €1,004
of which Furniture and vehicles: -€1,029
- Other debts +€19,967
new in 2025: €19,967
- Tax, wage and social debts -€18,743
down €18,743 (-99.6%), from €18,814 to €71
of which Remuneration and social security: -€18,768
- Trade debts -€9,577
no longer reported in 2025 (was €9,577)
- Profit (loss) carried forward -€4,542
down €4,542 (-58.3%), from -€7,792 to -€12,334
- Current portion of long-term debt -€1,291
no longer reported in 2025 (was €1,291)
- Depreciation -€3,099
down €3,099 (-72.2%), from €4,291 to €1,192
- Gross operating margin -€2,287
down €2,287 (-204%), from -€1,121 to -€3,408
- Other operating charges -€182
down €182 (-41.4%), from €439 to €257
- Financial income +€109
up €109 (+30.2%), from €361 to €470
- Financial charges -€98
down €98 (-38.9%), from €251 to €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 | €33,846 | €19,661 | -€14,185 | -41.9% |
| Fixed assets | 21/28 | €2,196 | €1,004 | -€1,192 | -54.3% |
| Tangible fixed assets | 22/27 | €2,196 | €1,004 | -€1,192 | -54.3% |
| Plant, machinery and equipment | 23 | €163 | - | -€163 | |
| Furniture and vehicles | 24 | €2,033 | €1,004 | -€1,029 | -50.6% |
| Current assets | 29/58 | €31,650 | €18,657 | -€12,993 | -41.1% |
| Amounts receivable within one year | 40/41 | €10,287 | €443 | -€9,844 | -95.7% |
| Trade receivables | 40 | €10,145 | €250 | -€9,895 | -97.5% |
| Other amounts receivable | 41 | €142 | €193 | +€51 | +35.9% |
| Cash at bank and in hand | 54/58 | €21,139 | €17,980 | -€3,159 | -14.9% |
| Deferred charges and accrued income | 490/1 | €224 | €234 | +€10 | +4.6% |
| Total equity and liabilities | 10/49 | €33,846 | €19,661 | -€14,185 | -41.9% |
| Equity | 10/15 | €4,164 | -€377 | -€4,541 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €1,956 | €1,956 | +€0 | 0.0% |
| Distributable reserves | 133 | €1,956 | €1,956 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€7,792 | -€12,334 | -€4,542 | -58.3% |
| Amounts payable | 17/49 | €29,682 | €20,039 | -€9,643 | -32.5% |
| Amounts payable within one year | 42/48 | €29,682 | €20,039 | -€9,643 | -32.5% |
| Current portion of amounts payable after more than one year | 42 | €1,291 | - | -€1,291 | |
| Trade debts | 44 | €9,577 | - | -€9,577 | |
| Suppliers | 440/4 | €9,577 | - | -€9,577 | |
| Taxes, remuneration and social security | 45 | €18,814 | €71 | -€18,743 | -99.6% |
| Taxes | 450/3 | €46 | €71 | +€25 | +54.8% |
| Remuneration and social security | 454/9 | €18,768 | - | -€18,768 | |
| Other amounts payable | 47/48 | - | €19,967 | +€19,967 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,291 | €1,192 | -€3,099 | -72.2% |
| Other operating charges | 640/8 | €439 | €257 | -€182 | -41.4% |
| Gross operating margin | 9900 | -€1,121 | -€3,408 | -€2,287 | -204% |
| Operating profit (loss) | 9901 | -€5,851 | -€4,858 | +€993 | +17.0% |
| Financial income | 75/76B | €361 | €470 | +€109 | +30.2% |
| Recurring financial income | 75 | €361 | €470 | +€109 | +30.2% |
| Financial charges | 65/66B | €251 | €153 | -€98 | -38.9% |
| Recurring financial charges | 65 | €251 | €153 | -€98 | -38.9% |
| Profit (loss) for the period before taxes | 9903 | -€5,741 | -€4,541 | +€1,200 | +20.9% |
| Profit (loss) for the period | 9904 | -€5,741 | -€4,541 | +€1,200 | +20.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,741 | -€4,541 | +€1,200 | +20.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.