Marini Constructions: 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.
Marini Constructions
Largest movements
- Receivables within one year +€8,225
up €8,225 (+123%), from €6,672 to €14,896
of which Other amounts receivable: +€4,674
- Tangible fixed assets -€1,740
down €1,740 (-19.0%), from €9,181 to €7,441
of which Plant, machinery and equipment: -€4,422
- Cash +€1,231
up €1,231 (+23.5%), from €5,249 to €6,481
mainly Net result for the year (+€9,783) and Depreciation (+€6,764)
- Reserves +€9,783
up €9,783 (+258%), from €3,785 to €13,568
- Trade debts -€1,535
down €1,535 (-47.2%), from €3,252 to €1,718
- Tax, wage and social debts -€920
down €920 (-48.1%), from €1,914 to €994
- Other debts +€441
up €441 (+7.3%), from €6,028 to €6,468
- Write-downs -€6,900
down €6,900 (-100%), from €6,900 to €0
- Taxes +€3,022
up €3,022 (+158%), from €1,914 to €4,936
- Depreciation -€3,007
down €3,007 (-30.8%), from €9,771 to €6,764
- Gross operating margin -€1,199
down €1,199 (-5.1%), from €23,679 to €22,480
- Other operating charges -€419
down €419 (-36.8%), from €1,140 to €721
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 | €21,228 | €28,998 | +€7,770 | +36.6% |
| Fixed assets | 21/28 | €9,181 | €7,441 | -€1,740 | -19.0% |
| Tangible fixed assets | 22/27 | €9,181 | €7,441 | -€1,740 | -19.0% |
| Plant, machinery and equipment | 23 | €5,561 | €1,138 | -€4,422 | -79.5% |
| Furniture and vehicles | 24 | €3,620 | €6,303 | +€2,683 | +74.1% |
| Current assets | 29/58 | €12,047 | €21,557 | +€9,509 | +78.9% |
| Amounts receivable within one year | 40/41 | €6,672 | €14,896 | +€8,225 | +123% |
| Trade receivables | 40 | €6,281 | €9,832 | +€3,551 | +56.5% |
| Other amounts receivable | 41 | €391 | €5,064 | +€4,674 | +1,197% |
| Cash at bank and in hand | 54/58 | €5,249 | €6,481 | +€1,231 | +23.5% |
| Deferred charges and accrued income | 490/1 | €126 | €180 | +€54 | +42.5% |
| Total equity and liabilities | 10/49 | €21,228 | €28,998 | +€7,770 | +36.6% |
| Equity | 10/15 | €10,035 | €19,818 | +€9,783 | +97.5% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Reserves | 13 | €3,785 | €13,568 | +€9,783 | +258% |
| Distributable reserves | 133 | €3,785 | €13,568 | +€9,783 | +258% |
| Amounts payable | 17/49 | €11,193 | €9,180 | -€2,014 | -18.0% |
| Amounts payable within one year | 42/48 | €11,193 | €9,180 | -€2,014 | -18.0% |
| Trade debts | 44 | €3,252 | €1,718 | -€1,535 | -47.2% |
| Suppliers | 440/4 | €3,252 | €1,718 | -€1,535 | -47.2% |
| Taxes, remuneration and social security | 45 | €1,914 | €994 | -€920 | -48.1% |
| Taxes | 450/3 | €1,914 | €994 | -€920 | -48.1% |
| Other amounts payable | 47/48 | €6,028 | €6,468 | +€441 | +7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,771 | €6,764 | -€3,007 | -30.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,900 | €0 | -€6,900 | -100% |
| Other operating charges | 640/8 | €1,140 | €721 | -€419 | -36.8% |
| Gross operating margin | 9900 | €23,679 | €22,480 | -€1,199 | -5.1% |
| Operating profit (loss) | 9901 | €5,868 | €14,995 | +€9,127 | +156% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €169 | €277 | +€108 | +63.7% |
| Recurring financial charges | 65 | €169 | €277 | +€108 | +63.7% |
| Profit (loss) for the period before taxes | 9903 | €5,699 | €14,719 | +€9,020 | +158% |
| Income taxes | 67/77 | €1,914 | €4,936 | +€3,022 | +158% |
| Profit (loss) for the period | 9904 | €3,785 | €9,783 | +€5,998 | +158% |
| Profit (loss) for the period to be appropriated | 9905 | €3,785 | €9,783 | +€5,998 | +158% |
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 15 October 2026 via checked.be.