Dr. Marie Jacobs: 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.
Dr. Marie Jacobs
Largest movements
- Cash -€28,771
down €28,771 (-30.0%), from €95,976 to €67,205
mainly Contributions, distributions and other (-€104,550) and Receivables within one year (-€22,109)
- Receivables within one year +€22,109
up €22,109 (+205%), from €10,759 to €32,868
of which Trade receivables: +€15,196
- Deferred charges and accrued income -€1,496
down €1,496 (-41.1%), from €3,638 to €2,141
- Reserves -€5,900
down €5,900 (-5.6%), from €104,550 to €98,650
- Accrued charges and deferred income -€1,651
down €1,651 (-100%), from €1,651 to €0
- Gross operating margin +€134,668
up €134,668, from -€8,726 to €125,942
- Taxes +€25,726
up €25,726, from -€26 to €25,700
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 | €110,638 | €102,527 | -€8,111 | -7.3% |
| Fixed assets | 21/28 | €266 | €312 | +€47 | +17.7% |
| Tangible fixed assets | 22/27 | €266 | €312 | +€47 | +17.7% |
| Plant, machinery and equipment | 23 | €125 | €0 | -€125 | -100% |
| Furniture and vehicles | 24 | €141 | €312 | +€172 | +122% |
| Current assets | 29/58 | €110,372 | €102,214 | -€8,158 | -7.4% |
| Amounts receivable within one year | 40/41 | €10,759 | €32,868 | +€22,109 | +205% |
| Trade receivables | 40 | €10,759 | €25,955 | +€15,196 | +141% |
| Other amounts receivable | 41 | €0 | €6,913 | +€6,913 | |
| Cash at bank and in hand | 54/58 | €95,976 | €67,205 | -€28,771 | -30.0% |
| Deferred charges and accrued income | 490/1 | €3,638 | €2,141 | -€1,496 | -41.1% |
| Total equity and liabilities | 10/49 | €110,638 | €102,527 | -€8,111 | -7.3% |
| Equity | 10/15 | €107,550 | €101,657 | -€5,893 | -5.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €104,550 | €98,650 | -€5,900 | -5.6% |
| Distributable reserves | 133 | €104,550 | €98,650 | -€5,900 | -5.6% |
| Profit (loss) carried forward | 14 | €0 | €7 | +€7 | +1,377% |
| Amounts payable | 17/49 | €3,087 | €869 | -€2,218 | -71.8% |
| Amounts payable within one year | 42/48 | €1,436 | €869 | -€567 | -39.5% |
| Trade debts | 44 | €1,423 | €869 | -€553 | -38.9% |
| Suppliers | 440/4 | €1,423 | €869 | -€553 | -38.9% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €14 | €0 | -€14 | -100% |
| Accrued charges and deferred income | 492/3 | €1,651 | €0 | -€1,651 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €711 | €406 | -€305 | -42.9% |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | -€8,726 | €125,942 | +€134,668 | |
| Operating profit (loss) | 9901 | -€9,437 | €125,136 | +€134,573 | |
| Financial income | 75/76B | €486 | €167 | -€319 | -65.6% |
| Recurring financial income | 75 | €486 | €167 | -€319 | -65.6% |
| Financial charges | 65/66B | €637 | €947 | +€310 | +48.7% |
| Recurring financial charges | 65 | €637 | €947 | +€310 | +48.7% |
| Profit (loss) for the period before taxes | 9903 | -€9,588 | €124,357 | +€133,945 | |
| Income taxes | 67/77 | -€26 | €25,700 | +€25,726 | |
| Profit (loss) for the period | 9904 | -€9,562 | €98,657 | +€108,218 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,562 | €98,657 | +€108,218 |
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 1 November 2026 via checked.be.