MARIN BUILDING: 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.
MARIN BUILDING
Largest movements
- Receivables within one year -€11,129
down €11,129 (-24.2%), from €45,973 to €34,844
of which Trade receivables: -€24,388
- Cash +€4,472
up €4,472 (+84.7%), from €5,279 to €9,751
mainly Net result for the year (+€35,006) and Other debts (+€30,195)
- Tangible fixed assets -€2,252
down €2,252 (-35.0%), from €6,428 to €4,176
- Deferred charges and accrued income -€833
down €833 (-43.5%), from €1,914 to €1,081
- Other debts +€30,195
new in 2025: €30,195
- Trade debts -€26,790
down €26,790 (-98.4%), from €27,217 to €427
- Profit (loss) carried forward -€25,833
down €25,833 (-100%), from €25,833 to €0
- Tax, wage and social debts +€12,686
up €12,686 (+279%), from €4,544 to €17,230
of which Taxes: +€14,486
- Gross operating margin +€41,012
up €41,012 (+290%), from €14,151 to €55,163
- Taxes +€7,074
up €7,074 (+256%), from €2,768 to €9,842
- Depreciation +€1,925
up €1,925 (+589%), from €327 to €2,252
- Financial charges +€950
up €950 (+13.0%), from €7,328 to €8,278
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 | €59,594 | €49,852 | -€9,742 | -16.3% |
| Fixed assets | 21/28 | €6,428 | €4,176 | -€2,252 | -35.0% |
| Tangible fixed assets | 22/27 | €6,428 | €4,176 | -€2,252 | -35.0% |
| Furniture and vehicles | 24 | €6,428 | €4,176 | -€2,252 | -35.0% |
| Current assets | 29/58 | €53,166 | €45,676 | -€7,490 | -14.1% |
| Amounts receivable within one year | 40/41 | €45,973 | €34,844 | -€11,129 | -24.2% |
| Trade receivables | 40 | €24,388 | - | -€24,388 | |
| Other amounts receivable | 41 | €21,585 | €34,844 | +€13,259 | +61.4% |
| Cash at bank and in hand | 54/58 | €5,279 | €9,751 | +€4,472 | +84.7% |
| Deferred charges and accrued income | 490/1 | €1,914 | €1,081 | -€833 | -43.5% |
| Total equity and liabilities | 10/49 | €59,594 | €49,852 | -€9,742 | -16.3% |
| Equity | 10/15 | €27,833 | €2,000 | -€25,833 | -92.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,833 | €0 | -€25,833 | -100% |
| Amounts payable | 17/49 | €31,761 | €47,852 | +€16,091 | +50.7% |
| Amounts payable within one year | 42/48 | €31,761 | €47,852 | +€16,091 | +50.7% |
| Trade debts | 44 | €27,217 | €427 | -€26,790 | -98.4% |
| Suppliers | 440/4 | €27,217 | €427 | -€26,790 | -98.4% |
| Taxes, remuneration and social security | 45 | €4,544 | €17,230 | +€12,686 | +279% |
| Taxes | 450/3 | €2,744 | €17,230 | +€14,486 | +528% |
| Remuneration and social security | 454/9 | €1,800 | - | -€1,800 | |
| Other amounts payable | 47/48 | - | €30,195 | +€30,195 | |
| Remuneration, social security and pensions | 62 | €387 | - | -€387 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €327 | €2,252 | +€1,925 | +589% |
| Other operating charges | 640/8 | €1,593 | €1,124 | -€469 | -29.4% |
| Gross operating margin | 9900 | €14,151 | €55,163 | +€41,012 | +290% |
| Operating profit (loss) | 9901 | €11,844 | €51,787 | +€39,943 | +337% |
| Financial income | 75/76B | €1,120 | €1,339 | +€219 | +19.6% |
| Recurring financial income | 75 | €1,120 | €1,339 | +€219 | +19.6% |
| Financial charges | 65/66B | €7,328 | €8,278 | +€950 | +13.0% |
| Recurring financial charges | 65 | €7,328 | €8,278 | +€950 | +13.0% |
| Profit (loss) for the period before taxes | 9903 | €5,636 | €44,848 | +€39,212 | +696% |
| Income taxes | 67/77 | €2,768 | €9,842 | +€7,074 | +256% |
| Profit (loss) for the period | 9904 | €2,868 | €35,006 | +€32,138 | +1,121% |
| Profit (loss) for the period to be appropriated | 9905 | €2,868 | €35,006 | +€32,138 | +1,121% |
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 20 October 2026 via checked.be.