LA MARINA: 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.
LA MARINA
Largest movements
- Cash +€10,898
up €10,898 (+237%), from €4,590 to €15,488
mainly Net result for the year (+€19,101) and Depreciation (+€11,865)
- Tangible fixed assets -€8,523
down €8,523 (-13.0%), from €65,549 to €57,026
of which Plant, machinery and equipment: -€4,284
- Receivables within one year -€2,095
down €2,095 (-15.8%), from €13,299 to €11,204
of which Trade receivables: -€2,351
- Profit (loss) carried forward +€19,101
up €19,101 (+14.2%), from -€134,915 to -€115,815
- Short-term financial debts -€14,471
down €14,471 (-77.3%), from €18,726 to €4,255
- Debts after one year -€7,500
down €7,500 (-20.0%), from €37,500 to €30,000
- Other debts +€4,132
up €4,132 (+9.1%), from €45,291 to €49,423
- Tax, wage and social debts +€2,247
up €2,247 (+7.0%), from €31,911 to €34,158
of which Taxes: +€1,478
- Gross operating margin -€8,323
down €8,323 (-3.3%), from €254,343 to €246,020
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 | €92,843 | €92,603 | -€240 | -0.3% |
| Fixed assets | 21/28 | €66,584 | €57,921 | -€8,663 | -13.0% |
| Intangible fixed assets | 21 | €139 | - | -€139 | |
| Tangible fixed assets | 22/27 | €65,549 | €57,026 | -€8,523 | -13.0% |
| Plant, machinery and equipment | 23 | €27,383 | €23,098 | -€4,284 | -15.6% |
| Furniture and vehicles | 24 | €806 | €519 | -€287 | -35.6% |
| Other tangible fixed assets | 26 | €37,361 | €33,409 | -€3,952 | -10.6% |
| Financial fixed assets | 28 | €895 | €895 | = | 0.0% |
| Current assets | 29/58 | €26,259 | €34,682 | +€8,423 | +32.1% |
| Stocks and contracts in progress | 3 | €7,706 | €7,096 | -€611 | -7.9% |
| Stocks | 30/36 | €7,706 | €7,096 | -€611 | -7.9% |
| Amounts receivable within one year | 40/41 | €13,299 | €11,204 | -€2,095 | -15.8% |
| Trade receivables | 40 | €11,698 | €9,346 | -€2,351 | -20.1% |
| Other amounts receivable | 41 | €1,601 | €1,857 | +€256 | +16.0% |
| Cash at bank and in hand | 54/58 | €4,590 | €15,488 | +€10,898 | +237% |
| Deferred charges and accrued income | 490/1 | €664 | €895 | +€230 | +34.7% |
| Total equity and liabilities | 10/49 | €92,843 | €92,603 | -€240 | -0.3% |
| Equity | 10/15 | -€82,515 | -€63,415 | +€19,101 | +23.1% |
| Contributions | 10/11 | €52,400 | €52,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€134,915 | -€115,815 | +€19,101 | +14.2% |
| Amounts payable | 17/49 | €175,358 | €156,018 | -€19,340 | -11.0% |
| Amounts payable after more than one year | 17 | €37,500 | €30,000 | -€7,500 | -20.0% |
| Financial debts | 170/4 | €37,500 | €30,000 | -€7,500 | -20.0% |
| Amounts payable within one year | 42/48 | €137,268 | €125,570 | -€11,698 | -8.5% |
| Current portion of amounts payable after more than one year | 42 | €15,319 | €13,344 | -€1,975 | -12.9% |
| Financial debts | 43 | €18,726 | €4,255 | -€14,471 | -77.3% |
| Credit institutions | 430/8 | €18,726 | €4,255 | -€14,471 | -77.3% |
| Trade debts | 44 | €26,021 | €24,390 | -€1,631 | -6.3% |
| Suppliers | 440/4 | €26,021 | €24,390 | -€1,631 | -6.3% |
| Taxes, remuneration and social security | 45 | €31,911 | €34,158 | +€2,247 | +7.0% |
| Taxes | 450/3 | €8,621 | €10,099 | +€1,478 | +17.1% |
| Remuneration and social security | 454/9 | €23,291 | €24,059 | +€769 | +3.3% |
| Other amounts payable | 47/48 | €45,291 | €49,423 | +€4,132 | +9.1% |
| Accrued charges and deferred income | 492/3 | €590 | €448 | -€143 | -24.2% |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €203,262 | €205,326 | +€2,064 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,875 | €11,865 | -€9 | -0.1% |
| Other operating charges | 640/8 | €2,755 | €1,778 | -€977 | -35.5% |
| Gross operating margin | 9900 | €254,343 | €246,020 | -€8,323 | -3.3% |
| Operating profit (loss) | 9901 | €36,452 | €27,051 | -€9,401 | -25.8% |
| Financial income | 75/76B | €268 | €5 | -€263 | -98.3% |
| Recurring financial income | 75 | €268 | €5 | -€263 | -98.3% |
| Financial charges | 65/66B | €6,683 | €7,955 | +€1,272 | +19.0% |
| Recurring financial charges | 65 | €6,683 | €7,955 | +€1,272 | +19.0% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €30,037 | €19,101 | -€10,937 | -36.4% |
| Profit (loss) for the period | 9904 | €30,037 | €19,101 | -€10,937 | -36.4% |
| Profit (loss) for the period to be appropriated | 9905 | €30,037 | €19,101 | -€10,937 | -36.4% |
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 14 October 2026 via checked.be.