MARIN MOTOR: 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 MOTOR
Largest movements
- Stocks and contracts -€277,576
down €277,576 (-76.0%), from €365,276 to €87,700
- Current investments +€29,988
up €29,988 (+240,864%), from €12 to €30,000
- Tangible fixed assets -€23,254
down €23,254 (-17.4%), from €133,804 to €110,550
of which Plant, machinery and equipment: -€14,612
- Receivables within one year +€22,845
up €22,845 (+58.2%), from €39,268 to €62,113
of which Trade receivables: +€22,850
- Cash +€16,780
up €16,780 (+422%), from €3,976 to €20,756
mainly Stocks and contracts (+€277,576) and Depreciation (+€34,888)
- Short-term financial debts -€150,000
no longer reported in 2025 (was €150,000)
- Debts after one year -€70,262
down €70,262 (-21.5%), from €326,911 to €256,649
- Profit (loss) carried forward -€26,045
down €26,045 (-31.3%), from -€83,080 to -€109,126
- Other debts +€20,300
up €20,300 (+1,727%), from €1,175 to €21,476
- Trade debts -€19,164
down €19,164 (-51.8%), from €36,999 to €17,835
- Gross operating margin +€28,105
up €28,105 (+19.9%), from €141,238 to €169,343
- Staff costs +€17,845
up €17,845 (+14.7%), from €121,506 to €139,352
- Financial charges -€7,459
down €7,459 (-37.5%), from €19,886 to €12,426
- Other operating charges +€1,882
up €1,882 (+29.0%), from €6,501 to €8,384
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 | €563,726 | €333,349 | -€230,376 | -40.9% |
| Fixed assets | 21/28 | €135,431 | €111,911 | -€23,520 | -17.4% |
| Intangible fixed assets | 21 | €1,626 | €1,361 | -€265 | -16.3% |
| Tangible fixed assets | 22/27 | €133,804 | €110,550 | -€23,254 | -17.4% |
| Plant, machinery and equipment | 23 | €61,170 | €46,557 | -€14,612 | -23.9% |
| Furniture and vehicles | 24 | €39,370 | €27,379 | -€11,991 | -30.5% |
| Other tangible fixed assets | 26 | €33,265 | €36,614 | +€3,349 | +10.1% |
| Current assets | 29/58 | €428,295 | €221,438 | -€206,857 | -48.3% |
| Stocks and contracts in progress | 3 | €365,276 | €87,700 | -€277,576 | -76.0% |
| Stocks | 30/36 | €365,276 | €87,700 | -€277,576 | -76.0% |
| Amounts receivable within one year | 40/41 | €39,268 | €62,113 | +€22,845 | +58.2% |
| Trade receivables | 40 | €13,263 | €36,113 | +€22,850 | +172% |
| Other amounts receivable | 41 | €26,005 | €26,000 | -€5 | 0.0% |
| Current investments | 50/53 | €12 | €30,000 | +€29,988 | +240,864% |
| Cash at bank and in hand | 54/58 | €3,976 | €20,756 | +€16,780 | +422% |
| Deferred charges and accrued income | 490/1 | €19,762 | €20,870 | +€1,107 | +5.6% |
| Total equity and liabilities | 10/49 | €563,726 | €333,349 | -€230,376 | -40.9% |
| Equity | 10/15 | -€68,080 | -€94,126 | -€26,045 | -38.3% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€83,080 | -€109,126 | -€26,045 | -31.3% |
| Amounts payable | 17/49 | €631,806 | €427,475 | -€204,331 | -32.3% |
| Amounts payable after more than one year | 17 | €326,911 | €256,649 | -€70,262 | -21.5% |
| Financial debts | 170/4 | €326,911 | €256,649 | -€70,262 | -21.5% |
| Amounts payable within one year | 42/48 | €304,009 | €170,328 | -€133,681 | -44.0% |
| Current portion of amounts payable after more than one year | 42 | €85,656 | €85,887 | +€231 | +0.3% |
| Financial debts | 43 | €150,000 | - | -€150,000 | |
| Credit institutions | 430/8 | €150,000 | - | -€150,000 | |
| Trade debts | 44 | €36,999 | €17,835 | -€19,164 | -51.8% |
| Suppliers | 440/4 | €36,999 | €17,835 | -€19,164 | -51.8% |
| Taxes, remuneration and social security | 45 | €30,179 | €45,131 | +€14,952 | +49.5% |
| Taxes | 450/3 | €11,143 | €28,193 | +€17,050 | +153% |
| Remuneration and social security | 454/9 | €19,036 | €16,938 | -€2,098 | -11.0% |
| Other amounts payable | 47/48 | €1,175 | €21,476 | +€20,300 | +1,727% |
| Accrued charges and deferred income | 492/3 | €886 | €497 | -€389 | -43.9% |
| Remuneration, social security and pensions | 62 | €121,506 | €139,352 | +€17,845 | +14.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,512 | €34,888 | +€1,376 | +4.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €353 | +€353 | |
| Other operating charges | 640/8 | €6,501 | €8,384 | +€1,882 | +29.0% |
| Gross operating margin | 9900 | €141,238 | €169,343 | +€28,105 | +19.9% |
| Operating profit (loss) | 9901 | -€20,281 | -€13,634 | +€6,647 | +32.8% |
| Financial income | 75/76B | €1 | €21 | +€21 | +2,703% |
| Recurring financial income | 75 | €1 | €21 | +€21 | +2,703% |
| Financial charges | 65/66B | €19,886 | €12,426 | -€7,459 | -37.5% |
| Recurring financial charges | 65 | €19,886 | €12,426 | -€7,459 | -37.5% |
| Profit (loss) for the period before taxes | 9903 | -€40,166 | -€26,039 | +€14,127 | +35.2% |
| Income taxes | 67/77 | -€5 | €6 | +€11 | |
| Profit (loss) for the period | 9904 | -€40,161 | -€26,045 | +€14,115 | +35.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€40,161 | -€26,045 | +€14,115 | +35.1% |
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 27 October 2026 via checked.be.