MARC JACQUEMIN: 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 JACQUEMIN
Largest movements
- Cash -€10,078
down €10,078 (-43.8%), from €23,011 to €12,933
mainly Other debts (-€6,639) and Net result for the year (-€4,246)
- Tangible fixed assets -€3,307
down €3,307 (-5.3%), from €62,059 to €58,752
of which Plant, machinery and equipment: -€2,883
- Receivables within one year +€2,349
up €2,349 (+69.3%), from €3,391 to €5,740
- Other debts -€6,639
no longer reported in 2025 (was €6,639)
- Reserves -€4,246
down €4,246 (-13.8%), from €30,728 to €26,482
of which Distributable reserves: -€4,246
- Gross operating margin -€1,333
down €1,333 (-59.0%), from €2,260 to €928
- Taxes +€1,269
new in 2025: €1,269
- Other operating charges -€759
down €759 (-65.5%), from €1,159 to €400
- Depreciation +€424
up €424 (+14.7%), from €2,883 to €3,307
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 | €89,491 | €78,455 | -€11,036 | -12.3% |
| Fixed assets | 21/28 | €63,089 | €59,782 | -€3,307 | -5.2% |
| Tangible fixed assets | 22/27 | €62,059 | €58,752 | -€3,307 | -5.3% |
| Plant, machinery and equipment | 23 | €58,439 | €55,556 | -€2,883 | -4.9% |
| Furniture and vehicles | 24 | €3,620 | €3,196 | -€424 | -11.7% |
| Financial fixed assets | 28 | €1,030 | €1,030 | = | 0.0% |
| Current assets | 29/58 | €26,402 | €18,673 | -€7,729 | -29.3% |
| Amounts receivable within one year | 40/41 | €3,391 | €5,740 | +€2,349 | +69.3% |
| Trade receivables | 40 | €3,391 | €5,740 | +€2,349 | +69.3% |
| Cash at bank and in hand | 54/58 | €23,011 | €12,933 | -€10,078 | -43.8% |
| Total equity and liabilities | 10/49 | €89,491 | €78,455 | -€11,036 | -12.3% |
| Equity | 10/15 | €80,728 | €76,482 | -€4,246 | -5.3% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €30,728 | €26,482 | -€4,246 | -13.8% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €25,728 | €21,482 | -€4,246 | -16.5% |
| Amounts payable | 17/49 | €8,763 | €1,973 | -€6,789 | -77.5% |
| Amounts payable within one year | 42/48 | €8,763 | €1,973 | -€6,789 | -77.5% |
| Trade debts | 44 | €625 | €474 | -€151 | -24.1% |
| Suppliers | 440/4 | €625 | €474 | -€151 | -24.1% |
| Taxes, remuneration and social security | 45 | €1,499 | €1,499 | = | 0.0% |
| Taxes | 450/3 | €1,499 | €1,499 | = | 0.0% |
| Other amounts payable | 47/48 | €6,639 | - | -€6,639 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,883 | €3,307 | +€424 | +14.7% |
| Other operating charges | 640/8 | €1,159 | €400 | -€759 | -65.5% |
| Gross operating margin | 9900 | €2,260 | €928 | -€1,333 | -59.0% |
| Operating profit (loss) | 9901 | -€1,782 | -€2,779 | -€997 | -56.0% |
| Financial charges | 65/66B | €213 | €198 | -€15 | -7.1% |
| Recurring financial charges | 65 | €213 | €198 | -€15 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,995 | -€2,977 | -€982 | -49.2% |
| Income taxes | 67/77 | - | €1,269 | +€1,269 | |
| Profit (loss) for the period | 9904 | -€1,995 | -€4,246 | -€2,251 | -113% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,995 | -€4,246 | -€2,251 | -113% |
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 31 October 2026 via checked.be.