MARC JORDENS: what changed
What changed
MARC JORDENS
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€656,204
2025 · €454,918+€201,285
Equity
€3.1m
2025 · €2.5m+€656,204
Cash
€395,812
2025 · €1.1m-€687,647
Balance sheet total
€3.9m
2025 · €3.4m+€480,378
Largest movements
Assets
- Current investments +€1.2m
up €1.2m (+121%), from €1.0m to €2.3m
- Cash -€687,647
down €687,647 (-63.5%), from €1.1m to €395,812
mainly Current investments (-€1.2m) and Other debts (-€282,573)
- Tangible fixed assets -€174,114
down €174,114 (-79.7%), from €218,397 to €44,283
of which Other tangible fixed assets: -€148,674
- Receivables within one year +€81,196
up €81,196 (+7.8%), from €1.0m to €1.1m
of which Other amounts receivable: +€81,196
Equity and liabilities
- Reserves +€656,204
up €656,204 (+27.0%), from €2.4m to €3.1m
- Other debts -€282,573
down €282,573 (-98.6%), from €286,450 to €3,877
- Short-term financial debts +€95,885
up €95,885 (+16.1%), from €594,908 to €690,793
of which Other loans: +€95,115
Income statement
- Gross operating margin +€268,823
up €268,823 (+41.3%), from €650,691 to €919,514
- Taxes +€84,941
up €84,941 (+40.7%), from €208,912 to €293,853
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
€454,918
Gross operating margin
+€268,823
Depreciation
+€6,898
Other operating charges
+€790
Financial income
+€6,981
Financial charges
+€2,735
Taxes
-€84,941
Result 2026
€656,204
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€305,497
Investment
-€1.1m
Financing
+€95,885
Cash 2025
€1.1m
From operations (derived)
+€305,497
Net result for the year
+€656,204
Depreciation
+€25,440
Receivables within one year
-€81,196
Deferred charges and accrued income
-€23,239
Trade debts
-€18,719
Tax, wage and social debts
+€29,698
Other debts
-€282,573
Accrued charges and deferred income
-€117
Investment (derived)
-€1.1m
Investment in fixed assets (net)
+€148,674
Current investments
-€1.2m
Financing
+€95,885
Short-term financial debts
+€95,885
Cash 2026
€395,812
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,392,844 | €3,873,222 | +€480,378 | +14.2% |
| Fixed assets | 21/28 | €218,397 | €44,283 | -€174,114 | -79.7% |
| Tangible fixed assets | 22/27 | €218,397 | €44,283 | -€174,114 | -79.7% |
| Furniture and vehicles | 24 | €69,724 | €44,283 | -€25,440 | -36.5% |
| Other tangible fixed assets | 26 | €148,674 | €0 | -€148,674 | -100% |
| Current assets | 29/58 | €3,174,447 | €3,828,939 | +€654,492 | +20.6% |
| Amounts receivable within one year | 40/41 | €1,041,091 | €1,122,288 | +€81,196 | +7.8% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €1,041,091 | €1,122,288 | +€81,196 | +7.8% |
| Current investments | 50/53 | €1,023,043 | €2,260,747 | +€1.2m | +121% |
| Cash at bank and in hand | 54/58 | €1,083,460 | €395,812 | -€687,647 | -63.5% |
| Deferred charges and accrued income | 490/1 | €26,853 | €50,092 | +€23,239 | +86.5% |
| Total equity and liabilities | 10/49 | €3,392,844 | €3,873,222 | +€480,378 | +14.2% |
| Equity | 10/15 | €2,458,636 | €3,114,839 | +€656,204 | +26.7% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €2,428,636 | €3,084,839 | +€656,204 | +27.0% |
| Distributable reserves | 133 | €2,428,636 | €3,084,839 | +€656,204 | +27.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €934,208 | €758,382 | -€175,826 | -18.8% |
| Amounts payable within one year | 42/48 | €902,890 | €727,181 | -€175,709 | -19.5% |
| Financial debts | 43 | €594,908 | €690,793 | +€95,885 | +16.1% |
| Credit institutions | 430/8 | €323 | €1,093 | +€770 | +239% |
| Other loans | 439 | €594,585 | €689,700 | +€95,115 | +16.0% |
| Trade debts | 44 | €21,158 | €2,439 | -€18,719 | -88.5% |
| Suppliers | 440/4 | €21,158 | €2,439 | -€18,719 | -88.5% |
| Taxes, remuneration and social security | 45 | €374 | €30,071 | +€29,698 | +7,948% |
| Taxes | 450/3 | €374 | €30,071 | +€29,698 | +7,948% |
| Other amounts payable | 47/48 | €286,450 | €3,877 | -€282,573 | -98.6% |
| Accrued charges and deferred income | 492/3 | €31,319 | €31,202 | -€117 | -0.4% |
| Non-recurring operating income | 76A | €0 | €182,976 | +€182,976 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,338 | €25,440 | -€6,898 | -21.3% |
| Other operating charges | 640/8 | €5,215 | €4,425 | -€790 | -15.1% |
| Gross operating margin | 9900 | €650,691 | €919,514 | +€268,823 | +41.3% |
| Operating profit (loss) | 9901 | €613,138 | €889,649 | +€276,511 | +45.1% |
| Financial income | 75/76B | €96,133 | €103,114 | +€6,981 | +7.3% |
| Recurring financial income | 75 | €96,133 | €103,114 | +€6,981 | +7.3% |
| Financial charges | 65/66B | €45,440 | €42,705 | -€2,735 | -6.0% |
| Recurring financial charges | 65 | €45,440 | €42,705 | -€2,735 | -6.0% |
| Profit (loss) for the period before taxes | 9903 | €663,831 | €950,057 | +€286,226 | +43.1% |
| Income taxes | 67/77 | €208,912 | €293,853 | +€84,941 | +40.7% |
| Profit (loss) for the period | 9904 | €454,918 | €656,204 | +€201,285 | +44.2% |
| Profit (loss) for the period to be appropriated | 9905 | €454,918 | €656,204 | +€201,285 | +44.2% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 April 2025 and 30 April 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.