MARINA GOLF: 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.
MARINA GOLF
Largest movements
- Receivables within one year +€41,127
up €41,127 (+142%), from €28,910 to €70,037
of which Other amounts receivable: +€40,644
- Tangible fixed assets -€33,559
down €33,559 (-23.4%), from €143,675 to €110,116
of which Land and buildings: -€33,263
- Deferred charges and accrued income +€3,674
up €3,674 (+6,334%), from €58 to €3,732
- Cash +€2,996
up €2,996 (+59.0%), from €5,080 to €8,076
mainly Depreciation (+€33,559) and Net result for the year (+€14,936)
- Profit (loss) carried forward +€14,936
up €14,936 (+10.8%), from -€138,252 to -€123,316
- Current portion of long-term debt -€3,400
no longer reported in 2025 (was €3,400)
- Trade debts +€2,326
new in 2025: €2,326
- Gross operating margin +€30,190
up €30,190 (+108%), from €27,903 to €58,093
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 | €177,723 | €191,961 | +€14,238 | +8.0% |
| Fixed assets | 21/28 | €143,675 | €110,116 | -€33,559 | -23.4% |
| Tangible fixed assets | 22/27 | €143,675 | €110,116 | -€33,559 | -23.4% |
| Land and buildings | 22 | €143,255 | €109,992 | -€33,263 | -23.2% |
| Plant, machinery and equipment | 23 | €420 | €124 | -€296 | -70.5% |
| Current assets | 29/58 | €34,048 | €81,845 | +€47,797 | +140% |
| Amounts receivable within one year | 40/41 | €28,910 | €70,037 | +€41,127 | +142% |
| Trade receivables | 40 | €2,616 | €3,099 | +€483 | +18.5% |
| Other amounts receivable | 41 | €26,294 | €66,938 | +€40,644 | +155% |
| Cash at bank and in hand | 54/58 | €5,080 | €8,076 | +€2,996 | +59.0% |
| Deferred charges and accrued income | 490/1 | €58 | €3,732 | +€3,674 | +6,334% |
| Total equity and liabilities | 10/49 | €177,723 | €191,961 | +€14,238 | +8.0% |
| Equity | 10/15 | €171,074 | €186,010 | +€14,936 | +8.7% |
| Contributions | 10/11 | €292,000 | €292,000 | = | 0.0% |
| Capital | 10 | €292,000 | €292,000 | = | 0.0% |
| Issued capital | 100 | €292,000 | €292,000 | = | 0.0% |
| Reserves | 13 | €17,326 | €17,326 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Legal reserve | 130 | €3,099 | €3,099 | = | 0.0% |
| Distributable reserves | 133 | €14,227 | €14,227 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€138,252 | -€123,316 | +€14,936 | +10.8% |
| Amounts payable | 17/49 | €6,649 | €5,951 | -€698 | -10.5% |
| Amounts payable within one year | 42/48 | €4,588 | €4,651 | +€63 | +1.4% |
| Current portion of amounts payable after more than one year | 42 | €3,400 | - | -€3,400 | |
| Trade debts | 44 | - | €2,326 | +€2,326 | |
| Suppliers | 440/4 | - | €2,326 | +€2,326 | |
| Taxes, remuneration and social security | 45 | €616 | €1,665 | +€1,049 | +170% |
| Taxes | 450/3 | €616 | €1,665 | +€1,049 | +170% |
| Other amounts payable | 47/48 | €572 | €660 | +€88 | +15.4% |
| Accrued charges and deferred income | 492/3 | €2,061 | €1,300 | -€761 | -36.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,815 | €33,559 | -€256 | -0.8% |
| Other operating charges | 640/8 | €9,706 | €9,192 | -€514 | -5.3% |
| Non-recurring operating charges | 66A | €12,482 | - | -€12,482 | |
| Gross operating margin | 9900 | €27,903 | €58,093 | +€30,190 | +108% |
| Operating profit (loss) | 9901 | -€28,100 | €15,342 | +€43,442 | |
| Financial charges | 65/66B | €920 | €406 | -€514 | -55.9% |
| Recurring financial charges | 65 | €920 | €406 | -€514 | -55.9% |
| Profit (loss) for the period before taxes | 9903 | -€29,020 | €14,936 | +€43,956 | |
| Profit (loss) for the period | 9904 | -€29,020 | €14,936 | +€43,956 | |
| Profit (loss) for the period to be appropriated | 9905 | -€29,020 | €14,936 | +€43,956 |
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 24 October 2026 via checked.be.