MARC JACOB: 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.
MARC JACOB
Largest movements
- Receivables after one year +€246,000
up €246,000 (+246%), from €100,000 to €346,000
- Reserves +€197,890
up €197,890 (+13.7%), from €1.4m to €1.6m
of which Distributable reserves: +€197,890
- Tax, wage and social debts +€33,375
up €33,375 (+132%), from €25,362 to €58,736
- Gross operating margin -€16,501
down €16,501 (-5.4%), from €307,817 to €291,316
- Taxes -€4,225
down €4,225 (-4.3%), from €97,600 to €93,375
- Depreciation -€3,481
down €3,481 (-37.9%), from €9,187 to €5,707
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 | €1,535,901 | €1,765,704 | +€229,803 | +15.0% |
| Fixed assets | 21/28 | €19,342 | €13,635 | -€5,707 | -29.5% |
| Tangible fixed assets | 22/27 | €19,309 | €13,602 | -€5,707 | -29.6% |
| Plant, machinery and equipment | 23 | €11,644 | €9,549 | -€2,094 | -18.0% |
| Furniture and vehicles | 24 | €7,666 | €4,053 | -€3,612 | -47.1% |
| Financial fixed assets | 28 | €32 | €32 | = | 0.0% |
| Current assets | 29/58 | €1,516,560 | €1,752,069 | +€235,509 | +15.5% |
| Amounts receivable after more than one year | 29 | €100,000 | €346,000 | +€246,000 | +246% |
| Other amounts receivable | 291 | €100,000 | €346,000 | +€246,000 | +246% |
| Amounts receivable within one year | 40/41 | €6,257 | €6,260 | +€3 | 0.0% |
| Trade receivables | 40 | €6,257 | €6,260 | +€3 | 0.0% |
| Cash at bank and in hand | 54/58 | €1,406,900 | €1,398,012 | -€8,889 | -0.6% |
| Deferred charges and accrued income | 490/1 | €3,402 | €1,797 | -€1,605 | -47.2% |
| Total equity and liabilities | 10/49 | €1,535,901 | €1,765,704 | +€229,803 | +15.0% |
| Equity | 10/15 | €1,474,706 | €1,672,595 | +€197,890 | +13.4% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €1,449,706 | €1,647,595 | +€197,890 | +13.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,449,706 | €1,647,595 | +€197,890 | +13.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €61,196 | €93,109 | +€31,913 | +52.1% |
| Amounts payable within one year | 42/48 | €61,051 | €92,958 | +€31,906 | +52.3% |
| Trade debts | 44 | €4,236 | €750 | -€3,485 | -82.3% |
| Suppliers | 440/4 | €4,236 | €750 | -€3,485 | -82.3% |
| Taxes, remuneration and social security | 45 | €25,362 | €58,736 | +€33,375 | +132% |
| Taxes | 450/3 | €25,362 | €58,736 | +€33,375 | +132% |
| Other amounts payable | 47/48 | €31,454 | €33,471 | +€2,017 | +6.4% |
| Accrued charges and deferred income | 492/3 | €144 | €151 | +€7 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,187 | €5,707 | -€3,481 | -37.9% |
| Other operating charges | 640/8 | €4,237 | €1,617 | -€2,620 | -61.8% |
| Gross operating margin | 9900 | €307,817 | €291,316 | -€16,501 | -5.4% |
| Operating profit (loss) | 9901 | €294,393 | €283,992 | -€10,401 | -3.5% |
| Financial income | 75/76B | €9,486 | €7,390 | -€2,096 | -22.1% |
| Recurring financial income | 75 | €9,486 | €7,390 | -€2,096 | -22.1% |
| Financial charges | 65/66B | €112 | €118 | +€5 | +4.9% |
| Recurring financial charges | 65 | €112 | €118 | +€5 | +4.9% |
| Profit (loss) for the period before taxes | 9903 | €303,766 | €291,264 | -€12,502 | -4.1% |
| Income taxes | 67/77 | €97,600 | €93,375 | -€4,225 | -4.3% |
| Profit (loss) for the period | 9904 | €206,166 | €197,890 | -€8,277 | -4.0% |
| Profit (loss) for the period to be appropriated | 9905 | €206,166 | €197,890 | -€8,277 | -4.0% |
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 20 October 2026 via checked.be.