MARC JACQUES: what changed
Two fiscal 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 JACQUES
Largest movements
- Tangible fixed assets -€10,418
down €10,418 (-12.5%), from €83,672 to €73,254
- Receivables after one year -€4,556
down €4,556 (-5.8%), from €78,187 to €73,631
- Profit (loss) carried forward -€13,952
down €13,952 (-7.6%), from €184,129 to €170,177
- Gross operating margin -€9,134
down €9,134, from €7,006 to -€2,128
- Depreciation +€927
up €927 (+9.8%), from €9,491 to €10,418
- Financial income -€327
down €327 (-18.3%), from €1,790 to €1,462
- Financial charges -€185
down €185 (-45.3%), from €408 to €223
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.
Cash bridge derived
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 | €192,563 | €178,625 | -€13,939 | -7.2% |
| Fixed assets | 21/28 | €83,854 | €73,436 | -€10,418 | -12.4% |
| Tangible fixed assets | 22/27 | €83,672 | €73,254 | -€10,418 | -12.5% |
| Land and buildings | 22 | €83,672 | €73,254 | -€10,418 | -12.5% |
| Financial fixed assets | 28 | €182 | €182 | = | 0.0% |
| Current assets | 29/58 | €108,710 | €105,189 | -€3,521 | -3.2% |
| Amounts receivable after more than one year | 29 | €78,187 | €73,631 | -€4,556 | -5.8% |
| Other amounts receivable | 291 | €78,187 | €73,631 | -€4,556 | -5.8% |
| Current investments | 50/53 | €22,705 | €22,725 | +€21 | +0.1% |
| Cash at bank and in hand | 54/58 | €7,131 | €7,633 | +€502 | +7.0% |
| Deferred charges and accrued income | 490/1 | €687 | €1,200 | +€513 | +74.6% |
| Total equity and liabilities | 10/49 | €192,563 | €178,625 | -€13,939 | -7.2% |
| Equity | 10/15 | €192,194 | €178,242 | -€13,952 | -7.3% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €184,129 | €170,177 | -€13,952 | -7.6% |
| Amounts payable | 17/49 | €369 | €383 | +€14 | +3.7% |
| Amounts payable within one year | 42/48 | €369 | €45 | -€325 | -87.9% |
| Trade debts | 44 | €369 | €45 | -€325 | -87.9% |
| Suppliers | 440/4 | €369 | €45 | -€325 | -87.9% |
| Accrued charges and deferred income | 492/3 | - | €338 | +€338 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,491 | €10,418 | +€927 | +9.8% |
| Other operating charges | 640/8 | €2,630 | €2,646 | +€16 | +0.6% |
| Gross operating margin | 9900 | €7,006 | -€2,128 | -€9,134 | |
| Operating profit (loss) | 9901 | -€5,115 | -€15,192 | -€10,077 | -197.0% |
| Financial income | 75/76B | €1,790 | €1,462 | -€327 | -18.3% |
| Recurring financial income | 75 | €1,790 | €1,462 | -€327 | -18.3% |
| Financial charges | 65/66B | €408 | €223 | -€185 | -45.3% |
| Recurring financial charges | 65 | €408 | €223 | -€185 | -45.3% |
| Profit (loss) for the period before taxes | 9903 | -€3,733 | -€13,952 | -€10,219 | -273.8% |
| Profit (loss) for the period | 9904 | -€3,733 | -€13,952 | -€10,219 | -273.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,733 | -€13,952 | -€10,219 | -273.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.