JACQMAIN: 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.
What changed
JACQMAIN
NACE 68.310, Real estate agency activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€86,168
2024 · -€58,601-€27,567
Equity
€7.3m
2024 · €7.4m-€86,168
Cash
€329,951
2024 · €106,174+€223,777
Balance sheet total
€8.6m
2024 · €8.7m-€133,735
Largest movements
Assets
- Tangible fixed assets -€311,792
down €311,792 (-16.1%), from €1.9m to €1.6m
- Stocks and contracts -€225,057
down €225,057 (-17.3%), from €1.3m to €1.1m
- Cash +€223,777
up €223,777 (+211%), from €106,174 to €329,951
mainly Investment in fixed assets (net) (+€251,579) and Stocks and contracts (+€225,057)
- Receivables within one year +€205,097
up €205,097 (+3.9%), from €5.2m to €5.4m
of which Other amounts receivable: +€209,067
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Other operating charges +€75,345
up €75,345 (+164%), from €45,821 to €121,166
- Gross operating margin +€70,299
up €70,299 (+94.0%), from €74,765 to €145,064
- Write-downs +€60,220
no longer reported in 2025 (was -€60,220)
- Financial income +€21,800
new in 2025: €21,800
- Taxes -€14,385
no longer reported in 2025 (was €14,385)
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.
Result 2024
-€58,601
Gross operating margin
+€70,299
Staff costs
-€2,736
Depreciation
+€4,307
Write-downs
-€60,220
Other operating charges
-€75,345
Financial income
+€21,800
Financial charges
-€56
Taxes
+€14,385
Result 2025
-€86,168
raises the resultlowers the result
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.
From operations
-€27,802
Investment
+€251,579
Financing
€0
Cash 2024
€106,174
From operations (derived)
-€27,802
Net result for the year
-€86,168
Depreciation
+€60,214
Receivables after one year
+€25,400
Stocks and contracts
+€225,057
Receivables within one year
-€205,097
Smaller working-capital items
-€259
Trade debts
-€29,771
Tax, wage and social debts
-€13,008
Accrued charges and deferred income
-€4,170
Investment (derived)
+€251,579
Investment in fixed assets (net)
+€251,579
Cash 2025
€329,951
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,742,582 | €8,608,847 | -€133,735 | -1.5% |
| Fixed assets | 21/28 | €1,947,551 | €1,635,759 | -€311,792 | -16.0% |
| Tangible fixed assets | 22/27 | €1,940,563 | €1,628,771 | -€311,792 | -16.1% |
| Land and buildings | 22 | €1,940,563 | €1,628,771 | -€311,792 | -16.1% |
| Financial fixed assets | 28 | €6,987 | €6,987 | = | 0.0% |
| Current assets | 29/58 | €6,795,031 | €6,973,088 | +€178,057 | +2.6% |
| Amounts receivable after more than one year | 29 | €152,400 | €127,000 | -€25,400 | -16.7% |
| Other amounts receivable | 291 | €152,400 | €127,000 | -€25,400 | -16.7% |
| Stocks and contracts in progress | 3 | €1,304,364 | €1,079,307 | -€225,057 | -17.3% |
| Contracts in progress | 37 | €1,304,364 | €1,079,307 | -€225,057 | -17.3% |
| Amounts receivable within one year | 40/41 | €5,226,752 | €5,431,848 | +€205,097 | +3.9% |
| Trade receivables | 40 | €138,592 | €134,621 | -€3,970 | -2.9% |
| Other amounts receivable | 41 | €5,088,160 | €5,297,227 | +€209,067 | +4.1% |
| Cash at bank and in hand | 54/58 | €106,174 | €329,951 | +€223,777 | +211% |
| Deferred charges and accrued income | 490/1 | €5,341 | €4,982 | -€359 | -6.7% |
| Total equity and liabilities | 10/49 | €8,742,582 | €8,608,847 | -€133,735 | -1.5% |
| Equity | 10/15 | €7,411,134 | €7,324,966 | -€86,168 | -1.2% |
| Contributions | 10/11 | €1,117,525 | €1,117,525 | = | 0.0% |
| Capital | 10 | €1,117,500 | €1,117,500 | = | 0.0% |
| Issued capital | 100 | €1,117,500 | €1,117,500 | = | 0.0% |
| Contributions outside capital | 11 | €25 | €25 | = | 0.0% |
| Share premium | 1100/10 | €25 | €25 | = | 0.0% |
| Reserves | 13 | €6,293,609 | €6,207,441 | -€86,168 | -1.4% |
| Non-distributable reserves | 130/1 | €111,750 | €111,750 | = | 0.0% |
| Legal reserve | 130 | €111,750 | €111,750 | = | 0.0% |
| Distributable reserves | 133 | €6,181,859 | €6,095,691 | -€86,168 | -1.4% |
| Provisions and deferred taxes | 16 | €1,065,335 | €1,065,335 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €1,065,335 | €1,065,335 | = | 0.0% |
| Environmental obligations | 163 | - | €1,065,335 | +€1.1m | |
| Other liabilities and charges | 164/5 | €1,065,335 | - | -€1.1m | |
| Amounts payable | 17/49 | €266,113 | €218,545 | -€47,567 | -17.9% |
| Amounts payable within one year | 42/48 | €258,862 | €215,465 | -€43,397 | -16.8% |
| Trade debts | 44 | €97,835 | €68,064 | -€29,771 | -30.4% |
| Suppliers | 440/4 | €97,835 | €68,064 | -€29,771 | -30.4% |
| Taxes, remuneration and social security | 45 | €36,408 | €23,400 | -€13,008 | -35.7% |
| Taxes | 450/3 | €25,439 | €15,072 | -€10,368 | -40.8% |
| Remuneration and social security | 454/9 | €10,968 | €8,328 | -€2,640 | -24.1% |
| Other amounts payable | 47/48 | €124,619 | €124,001 | -€618 | -0.5% |
| Accrued charges and deferred income | 492/3 | €7,250 | €3,080 | -€4,170 | -57.5% |
| Non-recurring operating income | 76A | - | €19,899 | +€19,899 | |
| Remuneration, social security and pensions | 62 | €65,016 | €67,752 | +€2,736 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,520 | €60,214 | -€4,307 | -6.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€60,220 | - | +€60,220 | |
| Other operating charges | 640/8 | €45,821 | €121,166 | +€75,345 | +164% |
| Gross operating margin | 9900 | €74,765 | €145,064 | +€70,299 | +94.0% |
| Operating profit (loss) | 9901 | -€40,372 | -€104,067 | -€63,695 | -158% |
| Financial income | 75/76B | - | €21,800 | +€21,800 | |
| Recurring financial income | 75 | - | €21,800 | +€21,800 | |
| Financial charges | 65/66B | €3,844 | €3,900 | +€56 | +1.5% |
| Recurring financial charges | 65 | €3,844 | €3,900 | +€56 | +1.5% |
| Profit (loss) for the period before taxes | 9903 | -€44,216 | -€86,168 | -€41,952 | -94.9% |
| Income taxes | 67/77 | €14,385 | - | -€14,385 | |
| Profit (loss) for the period | 9904 | -€58,601 | -€86,168 | -€27,567 | -47.0% |
| Transfer from tax-exempt reserves | 789 | €1,052,500 | - | -€1.1m | |
| Profit (loss) for the period to be appropriated | 9905 | €993,899 | -€86,168 | -€1.1m |
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 14 October 2026 via checked.be.