MARIMED: 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.
MARIMED
Largest movements
- Cash +€15,879
up €15,879 (+42.8%), from €37,089 to €52,969
mainly Net result for the year (+€18,120) and Depreciation (+€11,903)
- Tangible fixed assets -€11,903
down €11,903 (-38.9%), from €30,561 to €18,658
of which Furniture and vehicles: -€11,517
- Current investments +€10,000
up €10,000 (+16.7%), from €60,000 to €70,000
- Receivables within one year -€4,404
down €4,404 (-46.0%), from €9,571 to €5,167
of which Trade receivables: -€4,626
- Reserves +€18,000
up €18,000 (+24.2%), from €74,228 to €92,228
- Debts after one year -€5,077
no longer reported in 2025 (was €5,077)
- Current portion of long-term debt -€5,011
down €5,011 (-49.7%), from €10,088 to €5,077
- Other debts +€2,167
up €2,167 (+8.6%), from €25,250 to €27,418
- Gross operating margin -€1,558
down €1,558 (-3.7%), from €41,920 to €40,362
- Taxes -€746
down €746 (-7.3%), from €10,229 to €9,483
- Financial income -€725
down €725 (-53.9%), from €1,345 to €620
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 | €138,064 | €147,641 | +€9,578 | +6.9% |
| Fixed assets | 21/28 | €30,561 | €18,658 | -€11,903 | -38.9% |
| Tangible fixed assets | 22/27 | €30,561 | €18,658 | -€11,903 | -38.9% |
| Plant, machinery and equipment | 23 | €937 | €551 | -€386 | -41.2% |
| Furniture and vehicles | 24 | €29,623 | €18,107 | -€11,517 | -38.9% |
| Current assets | 29/58 | €107,503 | €128,984 | +€21,480 | +20.0% |
| Amounts receivable within one year | 40/41 | €9,571 | €5,167 | -€4,404 | -46.0% |
| Trade receivables | 40 | €9,090 | €4,464 | -€4,626 | -50.9% |
| Other amounts receivable | 41 | €481 | €703 | +€223 | +46.3% |
| Current investments | 50/53 | €60,000 | €70,000 | +€10,000 | +16.7% |
| Cash at bank and in hand | 54/58 | €37,089 | €52,969 | +€15,879 | +42.8% |
| Deferred charges and accrued income | 490/1 | €843 | €848 | +€5 | +0.6% |
| Total equity and liabilities | 10/49 | €138,064 | €147,641 | +€9,578 | +6.9% |
| Equity | 10/15 | €96,173 | €113,293 | +€17,120 | +17.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €74,228 | €92,228 | +€18,000 | +24.2% |
| Distributable reserves | 133 | €74,228 | €92,228 | +€18,000 | +24.2% |
| Profit (loss) carried forward | 14 | €1,945 | €1,065 | -€880 | -45.2% |
| Amounts payable | 17/49 | €41,891 | €34,348 | -€7,542 | -18.0% |
| Amounts payable after more than one year | 17 | €5,077 | - | -€5,077 | |
| Financial debts | 170/4 | €5,077 | - | -€5,077 | |
| Amounts payable within one year | 42/48 | €36,813 | €34,348 | -€2,465 | -6.7% |
| Current portion of amounts payable after more than one year | 42 | €10,088 | €5,077 | -€5,011 | -49.7% |
| Trade debts | 44 | €950 | €1,328 | +€379 | +39.9% |
| Suppliers | 440/4 | €950 | €1,328 | +€379 | +39.9% |
| Taxes, remuneration and social security | 45 | €525 | €525 | = | 0.0% |
| Taxes | 450/3 | €525 | €525 | = | 0.0% |
| Other amounts payable | 47/48 | €25,250 | €27,418 | +€2,167 | +8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,521 | €11,903 | +€382 | +3.3% |
| Other operating charges | 640/8 | €603 | €798 | +€195 | +32.4% |
| Gross operating margin | 9900 | €41,920 | €40,362 | -€1,558 | -3.7% |
| Operating profit (loss) | 9901 | €29,797 | €27,661 | -€2,135 | -7.2% |
| Financial income | 75/76B | €1,345 | €620 | -€725 | -53.9% |
| Recurring financial income | 75 | €1,345 | €620 | -€725 | -53.9% |
| Financial charges | 65/66B | €661 | €679 | +€18 | +2.7% |
| Recurring financial charges | 65 | €661 | €679 | +€18 | +2.7% |
| Profit (loss) for the period before taxes | 9903 | €30,481 | €27,603 | -€2,878 | -9.4% |
| Income taxes | 67/77 | €10,229 | €9,483 | -€746 | -7.3% |
| Profit (loss) for the period | 9904 | €20,252 | €18,120 | -€2,132 | -10.5% |
| Profit (loss) for the period to be appropriated | 9905 | €20,252 | €18,120 | -€2,132 | -10.5% |
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 4 October 2026 via checked.be.