MARINO: what changed
Two fiscal 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.
MARINO
Largest movements
- Current assets -€18,013
down €18,013 (-3.6%), from €499,040 to €481,026
of which Receivables within one year: -€71,574
- Debts within one year +€155,414
up €155,414 (+47.9%), from €324,463 to €479,877
of which Other debts: +€439,951
- Reserves -€99,000
down €99,000 (-61.3%), from €161,550 to €62,550
- Profit (loss) carried forward -€68,972
down €68,972, from €426 to -€68,545
- Staff costs +€96,615
new in 2022: €96,615
- Gross operating margin -€14,942
down €14,942 (-42.1%), from €35,529 to €20,587
- Other operating charges +€11,345
new in 2022: €11,345
- Depreciation -€3,277
no longer reported in 2022 (was €3,277)
From the 2020 result to the 2022 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.
Cash bridge derived
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2020 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €549,442 | €536,882 | -€12,560 | -2.3% |
| Fixed assets | 21/28 | €50,403 | €55,856 | +€5,453 | +10.8% |
| Tangible fixed assets | 22/27 | €50,403 | €55,856 | +€5,453 | +10.8% |
| Land and buildings | 22 | - | €49,284 | +€49,284 | |
| Plant, machinery and equipment | 23 | - | €283 | +€283 | |
| Other tangible fixed assets | 26 | - | €6,289 | +€6,289 | |
| Current assets | 29/58 | €499,040 | €481,026 | -€18,013 | -3.6% |
| Stocks and contracts in progress | 3 | €341,250 | €400,000 | +€58,750 | +17.2% |
| Stocks | 30/36 | - | €400,000 | +€400,000 | |
| Amounts receivable within one year | 40/41 | €139,412 | €67,838 | -€71,574 | -51.3% |
| Trade receivables | 40 | - | €55,670 | +€55,670 | |
| Other amounts receivable | 41 | - | €12,168 | +€12,168 | |
| Cash at bank and in hand | 54/58 | €14,517 | €4,322 | -€10,195 | -70.2% |
| Deferred charges and accrued income | 490/1 | - | €8,866 | +€8,866 | |
| Total equity and liabilities | 10/49 | €549,442 | €536,882 | -€12,560 | -2.3% |
| Equity | 10/15 | €224,976 | €57,005 | -€167,972 | -74.7% |
| Contributions | 10/11 | €63,000 | €63,000 | = | 0.0% |
| Capital | 10 | - | €63,000 | +€63,000 | |
| Issued capital | 100 | - | €63,000 | +€63,000 | |
| Reserves | 13 | €161,550 | €62,550 | -€99,000 | -61.3% |
| Non-distributable reserves | 130/1 | - | €6,300 | +€6,300 | |
| Legal reserve | 130 | - | €6,300 | +€6,300 | |
| Tax-exempt reserves | 132 | - | €56,250 | +€56,250 | |
| Profit (loss) carried forward | 14 | €426 | -€68,545 | -€68,972 | |
| Amounts payable | 17/49 | €324,466 | €479,877 | +€155,411 | +47.9% |
| Amounts payable within one year | 42/48 | €324,463 | €479,877 | +€155,414 | +47.9% |
| Trade debts | 44 | €77,651 | €21,210 | -€56,441 | -72.7% |
| Suppliers | 440/4 | - | €21,210 | +€21,210 | |
| Taxes, remuneration and social security | 45 | - | €18,716 | +€18,716 | |
| Taxes | 450/3 | - | €229 | +€229 | |
| Remuneration and social security | 454/9 | - | €18,488 | +€18,488 | |
| Other amounts payable | 47/48 | - | €439,951 | +€439,951 | |
| Remuneration, social security and pensions | 62 | - | €96,615 | +€96,615 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,277 | - | -€3,277 | |
| Other operating charges | 640/8 | - | €11,345 | +€11,345 | |
| Gross operating margin | 9900 | €35,529 | €20,587 | -€14,942 | -42.1% |
| Operating profit (loss) | 9901 | -€73,789 | -€87,372 | -€13,584 | -18.4% |
| Recurring financial income | 75 | €7,245 | - | -€7,245 | |
| Financial charges | 65/66B | - | €312 | +€312 | |
| Recurring financial charges | 65 | €538 | €312 | -€226 | -42.0% |
| Profit (loss) for the period before taxes | 9903 | -€67,081 | -€87,684 | -€20,603 | -30.7% |
| Profit (loss) for the period | 9904 | -€67,081 | -€87,684 | -€20,603 | -30.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€67,081 | -€87,684 | -€20,603 | -30.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2020 and 30 September 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.