MARINTO: 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.
MARINTO
Largest movements
- Receivables within one year +€19,954
up €19,954 (+633%), from €3,154 to €23,108
of which Trade receivables: +€20,605
- Tangible fixed assets -€12,869
down €12,869 (-13.9%), from €92,594 to €79,725
of which Land and buildings: -€9,083
- Cash -€5,362
down €5,362 (-22.4%), from €23,959 to €18,597
mainly Receivables within one year (-€19,954) and Debts after one year (-€10,352)
- Deferred charges and accrued income +€1,339
up €1,339 (+78.8%), from €1,700 to €3,039
- Debts after one year -€10,352
down €10,352 (-24.6%), from €42,119 to €31,767
- Trade debts +€9,468
up €9,468 (+2,913%), from €325 to €9,793
- Reserves +€7,258
up €7,258 (+17.9%), from €40,657 to €47,915
of which Distributable reserves: +€7,258
- Other debts -€2,799
down €2,799 (-54.4%), from €5,144 to €2,345
- Gross operating margin +€1,984
up €1,984 (+6.2%), from €32,260 to €34,245
- Taxes +€1,473
up €1,473 (+41.6%), from €3,536 to €5,008
- Depreciation -€1,304
down €1,304 (-9.2%), from €14,173 to €12,869
- Financial charges -€708
down €708 (-26.9%), from €2,635 to €1,926
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 | €122,553 | €125,367 | +€2,814 | +2.3% |
| Fixed assets | 21/28 | €92,894 | €80,025 | -€12,869 | -13.9% |
| Tangible fixed assets | 22/27 | €92,594 | €79,725 | -€12,869 | -13.9% |
| Land and buildings | 22 | €81,949 | €72,866 | -€9,083 | -11.1% |
| Plant, machinery and equipment | 23 | €5,268 | €4,396 | -€872 | -16.6% |
| Furniture and vehicles | 24 | €5,378 | €2,464 | -€2,914 | -54.2% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €29,659 | €45,341 | +€15,683 | +52.9% |
| Stocks and contracts in progress | 3 | €845 | €598 | -€248 | -29.3% |
| Stocks | 30/36 | €845 | €598 | -€248 | -29.3% |
| Amounts receivable within one year | 40/41 | €3,154 | €23,108 | +€19,954 | +633% |
| Trade receivables | 40 | - | €20,605 | +€20,605 | |
| Other amounts receivable | 41 | €3,154 | €2,503 | -€651 | -20.6% |
| Cash at bank and in hand | 54/58 | €23,959 | €18,597 | -€5,362 | -22.4% |
| Deferred charges and accrued income | 490/1 | €1,700 | €3,039 | +€1,339 | +78.8% |
| Total equity and liabilities | 10/49 | €122,553 | €125,367 | +€2,814 | +2.3% |
| Equity | 10/15 | €62,796 | €70,053 | +€7,258 | +11.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €40,657 | €47,915 | +€7,258 | +17.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,418 | €9,418 | = | 0.0% |
| Distributable reserves | 133 | €29,379 | €36,636 | +€7,258 | +24.7% |
| Profit (loss) carried forward | 14 | €3,538 | €3,538 | = | 0.0% |
| Amounts payable | 17/49 | €59,758 | €55,314 | -€4,444 | -7.4% |
| Amounts payable after more than one year | 17 | €42,119 | €31,767 | -€10,352 | -24.6% |
| Financial debts | 170/4 | €42,119 | €31,767 | -€10,352 | -24.6% |
| Amounts payable within one year | 42/48 | €17,639 | €23,547 | +€5,908 | +33.5% |
| Current portion of amounts payable after more than one year | 42 | €10,976 | €10,352 | -€625 | -5.7% |
| Trade debts | 44 | €325 | €9,793 | +€9,468 | +2,913% |
| Suppliers | 440/4 | €325 | €9,793 | +€9,468 | +2,913% |
| Taxes, remuneration and social security | 45 | €1,194 | €1,057 | -€137 | -11.5% |
| Taxes | 450/3 | €1,194 | €1,057 | -€137 | -11.5% |
| Other amounts payable | 47/48 | €5,144 | €2,345 | -€2,799 | -54.4% |
| Non-recurring operating income | 76A | €5,992 | - | -€5,992 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,173 | €12,869 | -€1,304 | -9.2% |
| Other operating charges | 640/8 | €1,361 | €1,224 | -€137 | -10.1% |
| Gross operating margin | 9900 | €32,260 | €34,245 | +€1,984 | +6.2% |
| Operating profit (loss) | 9901 | €16,726 | €20,152 | +€3,425 | +20.5% |
| Financial income | 75/76B | €57 | €101 | +€44 | +76.5% |
| Recurring financial income | 75 | €57 | €101 | +€44 | +76.5% |
| Financial charges | 65/66B | €2,635 | €1,926 | -€708 | -26.9% |
| Recurring financial charges | 65 | €2,635 | €1,926 | -€708 | -26.9% |
| Profit (loss) for the period before taxes | 9903 | €14,149 | €18,326 | +€4,177 | +29.5% |
| Income taxes | 67/77 | €3,536 | €5,008 | +€1,473 | +41.6% |
| Profit (loss) for the period | 9904 | €10,613 | €13,318 | +€2,705 | +25.5% |
| Profit (loss) for the period to be appropriated | 9905 | €10,613 | €13,318 | +€2,705 | +25.5% |
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 16 October 2026 via checked.be.