MARIN CONSTRUCT: 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 CONSTRUCT
Largest movements
- Receivables within one year +€7,481
up €7,481 (+22.0%), from €34,008 to €41,488
of which Trade receivables: +€6,585
- Cash -€3,023
down €3,023 (-38.2%), from €7,906 to €4,883
mainly Receivables within one year (-€7,481) and Trade debts (-€2,786)
- Profit (loss) carried forward +€8,174
up €8,174 (+30.7%), from €26,598 to €34,772
- Trade debts -€2,786
no longer reported in 2025 (was €2,786)
- Tax, wage and social debts -€676
down €676 (-10.7%), from €6,330 to €5,654
- Gross operating margin -€5,399
down €5,399 (-33.5%), from €16,130 to €10,731
- Taxes -€1,598
down €1,598 (-40.9%), from €3,909 to €2,311
- Financial charges -€330
down €330 (-19.1%), from €1,728 to €1,398
- Staff costs -€226
no longer reported in 2025 (was €226)
- Financial income +€169
up €169 (+12.7%), from €1,332 to €1,501
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 | €41,914 | €46,626 | +€4,712 | +11.2% |
| Fixed assets | 21/28 | - | €255 | +€255 | |
| Tangible fixed assets | 22/27 | - | €255 | +€255 | |
| Furniture and vehicles | 24 | - | €255 | +€255 | |
| Current assets | 29/58 | €41,914 | €46,371 | +€4,457 | +10.6% |
| Amounts receivable within one year | 40/41 | €34,008 | €41,488 | +€7,481 | +22.0% |
| Trade receivables | 40 | €7,145 | €13,730 | +€6,585 | +92.2% |
| Other amounts receivable | 41 | €26,863 | €27,758 | +€895 | +3.3% |
| Cash at bank and in hand | 54/58 | €7,906 | €4,883 | -€3,023 | -38.2% |
| Total equity and liabilities | 10/49 | €41,914 | €46,626 | +€4,712 | +11.2% |
| Equity | 10/15 | €32,798 | €40,972 | +€8,174 | +24.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,598 | €34,772 | +€8,174 | +30.7% |
| Amounts payable | 17/49 | €9,116 | €5,654 | -€3,462 | -38.0% |
| Amounts payable within one year | 42/48 | €9,116 | €5,654 | -€3,462 | -38.0% |
| Trade debts | 44 | €2,786 | - | -€2,786 | |
| Suppliers | 440/4 | €2,786 | - | -€2,786 | |
| Taxes, remuneration and social security | 45 | €6,330 | €5,654 | -€676 | -10.7% |
| Taxes | 450/3 | €6,330 | €5,654 | -€676 | -10.7% |
| Remuneration, social security and pensions | 62 | €226 | - | -€226 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €14 | +€14 | |
| Other operating charges | 640/8 | €171 | €334 | +€163 | +95.4% |
| Gross operating margin | 9900 | €16,130 | €10,731 | -€5,399 | -33.5% |
| Operating profit (loss) | 9901 | €15,733 | €10,382 | -€5,350 | -34.0% |
| Financial income | 75/76B | €1,332 | €1,501 | +€169 | +12.7% |
| Recurring financial income | 75 | €1,332 | €1,501 | +€169 | +12.7% |
| Financial charges | 65/66B | €1,728 | €1,398 | -€330 | -19.1% |
| Recurring financial charges | 65 | €1,728 | €1,398 | -€330 | -19.1% |
| Profit (loss) for the period before taxes | 9903 | €15,337 | €10,485 | -€4,851 | -31.6% |
| Income taxes | 67/77 | €3,909 | €2,311 | -€1,598 | -40.9% |
| Profit (loss) for the period | 9904 | €11,427 | €8,174 | -€3,253 | -28.5% |
| Profit (loss) for the period to be appropriated | 9905 | €11,427 | €8,174 | -€3,253 | -28.5% |
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 17 October 2026 via checked.be.