MARIN'S: 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'S
Largest movements
- Receivables within one year -€58,322
down €58,322 (-38.8%), from €150,164 to €91,842
of which Trade receivables: -€57,902
- Tangible fixed assets -€7,386
down €7,386 (-24.9%), from €29,633 to €22,248
of which Furniture and vehicles: -€7,386
- Cash -€5,202
down €5,202 (-8.3%), from €62,722 to €57,520
mainly Other debts (-€130,668) and Trade debts (-€41,896)
- Other debts -€130,668
no longer reported in 2025 (was €130,668)
- Profit (loss) carried forward +€108,229
up €108,229 (+390%), from €27,753 to €135,981
- Trade debts -€41,896
down €41,896 (-73.9%), from €56,672 to €14,776
- Tax, wage and social debts -€6,368
down €6,368 (-24.7%), from €25,779 to €19,411
- Gross operating margin -€38,411
down €38,411 (-19.2%), from €199,813 to €161,401
- Depreciation +€3,975
up €3,975 (+117%), from €3,411 to €7,386
- Taxes -€3,030
down €3,030 (-6.8%), from €44,415 to €41,385
- Other operating charges -€2,858
down €2,858 (-87.8%), from €3,254 to €396
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 | €242,732 | €172,028 | -€70,704 | -29.1% |
| Fixed assets | 21/28 | €29,633 | €22,248 | -€7,386 | -24.9% |
| Tangible fixed assets | 22/27 | €29,633 | €22,248 | -€7,386 | -24.9% |
| Furniture and vehicles | 24 | €27,133 | €19,748 | -€7,386 | -27.2% |
| Other tangible fixed assets | 26 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €213,098 | €149,780 | -€63,318 | -29.7% |
| Amounts receivable within one year | 40/41 | €150,164 | €91,842 | -€58,322 | -38.8% |
| Trade receivables | 40 | €137,794 | €79,892 | -€57,902 | -42.0% |
| Other amounts receivable | 41 | €12,371 | €11,950 | -€421 | -3.4% |
| Cash at bank and in hand | 54/58 | €62,722 | €57,520 | -€5,202 | -8.3% |
| Deferred charges and accrued income | 490/1 | €212 | €418 | +€206 | +97.5% |
| Total equity and liabilities | 10/49 | €242,732 | €172,028 | -€70,704 | -29.1% |
| Equity | 10/15 | €29,612 | €137,841 | +€108,229 | +365% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,753 | €135,981 | +€108,229 | +390% |
| Amounts payable | 17/49 | €213,120 | €34,187 | -€178,933 | -84.0% |
| Amounts payable within one year | 42/48 | €213,120 | €34,187 | -€178,933 | -84.0% |
| Trade debts | 44 | €56,672 | €14,776 | -€41,896 | -73.9% |
| Suppliers | 440/4 | €56,672 | €14,776 | -€41,896 | -73.9% |
| Taxes, remuneration and social security | 45 | €25,779 | €19,411 | -€6,368 | -24.7% |
| Taxes | 450/3 | €25,779 | €19,411 | -€6,368 | -24.7% |
| Other amounts payable | 47/48 | €130,668 | - | -€130,668 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,411 | €7,386 | +€3,975 | +117% |
| Other operating charges | 640/8 | €3,254 | €396 | -€2,858 | -87.8% |
| Gross operating margin | 9900 | €199,813 | €161,401 | -€38,411 | -19.2% |
| Operating profit (loss) | 9901 | €193,148 | €153,619 | -€39,528 | -20.5% |
| Financial charges | 65/66B | €5,432 | €4,006 | -€1,426 | -26.3% |
| Recurring financial charges | 65 | €5,432 | €4,006 | -€1,426 | -26.3% |
| Profit (loss) for the period before taxes | 9903 | €187,715 | €149,613 | -€38,102 | -20.3% |
| Income taxes | 67/77 | €44,415 | €41,385 | -€3,030 | -6.8% |
| Profit (loss) for the period | 9904 | €143,300 | €108,229 | -€35,072 | -24.5% |
| Profit (loss) for the period to be appropriated | 9905 | €143,300 | €108,229 | -€35,072 | -24.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.