EL MARINO: 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.
EL MARINO
Largest movements
- Tangible fixed assets -€4,037
down €4,037 (-18.0%), from €22,480 to €18,443
of which Land and buildings: -€4,341
- Cash +€3,629
up €3,629 (+329%), from €1,104 to €4,733
mainly Depreciation (+€5,970) and Receivables within one year (+€811)
- Receivables within one year -€811
down €811 (-67.7%), from €1,198 to €387
of which Other amounts receivable: -€637
- Profit (loss) carried forward -€1,269
down €1,269 (-2.3%), from -€55,216 to -€56,485
- Gross operating margin +€10,251
up €10,251, from -€3,712 to €6,540
- Depreciation +€154
up €154 (+2.6%), from €5,816 to €5,970
- Other operating charges +€126
up €126 (+8.3%), from €1,518 to €1,644
- Taxes -€80
down €80 (-46.1%), from €174 to €94
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 | €26,907 | €25,688 | -€1,219 | -4.5% |
| Fixed assets | 21/28 | €24,605 | €20,568 | -€4,037 | -16.4% |
| Tangible fixed assets | 22/27 | €22,480 | €18,443 | -€4,037 | -18.0% |
| Land and buildings | 22 | €15,947 | €11,607 | -€4,341 | -27.2% |
| Plant, machinery and equipment | 23 | €6,532 | €6,836 | +€304 | +4.7% |
| Financial fixed assets | 28 | €2,125 | €2,125 | = | 0.0% |
| Current assets | 29/58 | €2,302 | €5,120 | +€2,818 | +122% |
| Amounts receivable within one year | 40/41 | €1,198 | €387 | -€811 | -67.7% |
| Trade receivables | 40 | €174 | €0 | -€174 | -100% |
| Other amounts receivable | 41 | €1,024 | €387 | -€637 | -62.2% |
| Cash at bank and in hand | 54/58 | €1,104 | €4,733 | +€3,629 | +329% |
| Total equity and liabilities | 10/49 | €26,907 | €25,688 | -€1,219 | -4.5% |
| Equity | 10/15 | €12,957 | €11,688 | -€1,269 | -9.8% |
| Contributions | 10/11 | €61,975 | €61,975 | = | 0.0% |
| Capital | 10 | €61,975 | - | -€61,975 | |
| Issued capital | 100 | €61,975 | - | -€61,975 | |
| Reserves | 13 | €6,198 | €6,198 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,198 | €6,198 | = | 0.0% |
| Legal reserve | 130 | €6,198 | - | -€6,198 | |
| Reserves not available under the articles | 1311 | - | €6,198 | +€6,198 | |
| Profit (loss) carried forward | 14 | -€55,216 | -€56,485 | -€1,269 | -2.3% |
| Amounts payable | 17/49 | €13,950 | €14,001 | +€50 | +0.4% |
| Amounts payable within one year | 42/48 | €13,950 | €14,001 | +€50 | +0.4% |
| Trade debts | 44 | - | €121 | +€121 | |
| Suppliers | 440/4 | - | €121 | +€121 | |
| Taxes, remuneration and social security | 45 | €339 | €269 | -€70 | -20.7% |
| Taxes | 450/3 | €339 | €269 | -€70 | -20.7% |
| Other amounts payable | 47/48 | €13,611 | €13,611 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €5,785 | +€5,785 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,816 | €5,970 | +€154 | +2.6% |
| Other operating charges | 640/8 | €1,518 | €1,644 | +€126 | +8.3% |
| Gross operating margin | 9900 | -€3,712 | €6,540 | +€10,251 | |
| Operating profit (loss) | 9901 | -€11,046 | -€1,074 | +€9,971 | +90.3% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €105 | €101 | -€4 | -3.9% |
| Recurring financial charges | 65 | €105 | €101 | -€4 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | -€11,150 | -€1,175 | +€9,975 | +89.5% |
| Income taxes | 67/77 | €174 | €94 | -€80 | -46.1% |
| Profit (loss) for the period | 9904 | -€11,325 | -€1,269 | +€10,056 | +88.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,325 | -€1,269 | +€10,056 | +88.8% |
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 24 October 2026 via checked.be.