Mar Jaen: 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.
Mar Jaen
Largest movements
- Tangible fixed assets +€8,819
up €8,819 (+38.2%), from €23,110 to €31,929
of which Other tangible fixed assets: +€8,324
- Tax, wage and social debts +€9,326
up €9,326 (+74.6%), from €12,508 to €21,834
- Trade debts -€4,968
down €4,968 (-70.6%), from €7,033 to €2,065
- Profit (loss) carried forward +€4,611
no longer reported in 2025 (was -€4,611)
- Reserves +€3,140
up €3,140 (+9.2%), from €34,027 to €37,167
- Other debts -€2,880
down €2,880 (-55.4%), from €5,200 to €2,320
- Gross operating margin -€11,689
down €11,689 (-38.7%), from €30,184 to €18,495
- Financial charges -€10,166
down €10,166 (-73.4%), from €13,846 to €3,680
of which Non-recurring financial charges: -€11,200
- Taxes -€4,447
down €4,447 (-41.8%), from €10,645 to €6,198
- Other operating charges -€2,272
down €2,272 (-64.8%), from €3,507 to €1,236
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €59,268 | €67,897 | +€8,630 | +14.6% |
| Fixed assets | 21/28 | €23,110 | €31,929 | +€8,819 | +38.2% |
| Tangible fixed assets | 22/27 | €23,110 | €31,929 | +€8,819 | +38.2% |
| Furniture and vehicles | 24 | €4,250 | €4,745 | +€496 | +11.7% |
| Other tangible fixed assets | 26 | €18,860 | €27,184 | +€8,324 | +44.1% |
| Current assets | 29/58 | €36,158 | €35,968 | -€190 | -0.5% |
| Amounts receivable within one year | 40/41 | €33,527 | €33,172 | -€356 | -1.1% |
| Trade receivables | 40 | €17,181 | €7,260 | -€9,921 | -57.7% |
| Other amounts receivable | 41 | €16,347 | €25,912 | +€9,565 | +58.5% |
| Deferred charges and accrued income | 490/1 | €2,631 | €2,797 | +€166 | +6.3% |
| Total equity and liabilities | 10/49 | €59,268 | €67,897 | +€8,630 | +14.6% |
| Equity | 10/15 | €32,116 | €39,867 | +€7,751 | +24.1% |
| Contributions | 10/11 | €2,700 | €2,700 | = | 0.0% |
| Reserves | 13 | €34,027 | €37,167 | +€3,140 | +9.2% |
| Distributable reserves | 133 | €34,027 | €37,167 | +€3,140 | +9.2% |
| Profit (loss) carried forward | 14 | -€4,611 | - | +€4,611 | |
| Amounts payable | 17/49 | €27,151 | €28,030 | +€879 | +3.2% |
| Amounts payable within one year | 42/48 | €27,151 | €28,030 | +€879 | +3.2% |
| Financial debts | 43 | €2,410 | €1,810 | -€600 | -24.9% |
| Credit institutions | 430/8 | €2,410 | €1,810 | -€600 | -24.9% |
| Trade debts | 44 | €7,033 | €2,065 | -€4,968 | -70.6% |
| Suppliers | 440/4 | €7,033 | €2,065 | -€4,968 | -70.6% |
| Taxes, remuneration and social security | 45 | €12,508 | €21,834 | +€9,326 | +74.6% |
| Taxes | 450/3 | €12,508 | €21,834 | +€9,326 | +74.6% |
| Other amounts payable | 47/48 | €5,200 | €2,320 | -€2,880 | -55.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,334 | €1,074 | -€261 | -19.5% |
| Other operating charges | 640/8 | €3,507 | €1,236 | -€2,272 | -64.8% |
| Gross operating margin | 9900 | €30,184 | €18,495 | -€11,689 | -38.7% |
| Operating profit (loss) | 9901 | €25,343 | €16,186 | -€9,157 | -36.1% |
| Financial income | 75/76B | €1,251 | €1,443 | +€192 | +15.4% |
| Recurring financial income | 75 | €1,251 | €1,443 | +€192 | +15.4% |
| Financial charges | 65/66B | €13,846 | €3,680 | -€10,166 | -73.4% |
| Recurring financial charges | 65 | €2,646 | €3,680 | +€1,034 | +39.1% |
| Non-recurring financial charges | 66B | €11,200 | - | -€11,200 | |
| Profit (loss) for the period before taxes | 9903 | €12,748 | €13,949 | +€1,201 | +9.4% |
| Income taxes | 67/77 | €10,645 | €6,198 | -€4,447 | -41.8% |
| Profit (loss) for the period | 9904 | €2,102 | €7,751 | +€5,649 | +269% |
| Profit (loss) for the period to be appropriated | 9905 | €2,102 | €7,751 | +€5,649 | +269% |
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 18 October 2026 via checked.be.