MARCEL JACOBS: what changed
What changed
MARCEL JACOBS
NACE 43.211, General electrical installation work
filed annual accounts (NBB)
Net result for the year
€1,764
2024 · €5,487-€3,723
Equity
€72,727
2024 · €70,963+€1,764
Cash
€73,737
2024 · €71,331+€2,406
Balance sheet total
€122,528
2024 · €154,540-€32,012
Largest movements
Assets
- Tangible fixed assets -€14,491
down €14,491 (-37.4%), from €38,726 to €24,235
of which Furniture and vehicles: -€15,068
- Stocks and contracts -€9,399
down €9,399 (-51.6%), from €18,209 to €8,810
- Receivables within one year -€7,420
down €7,420 (-32.0%), from €23,166 to €15,746
of which Other amounts receivable: -€4,683
- Deferred charges and accrued income -€3,108
no longer reported in 2025 (was €3,108)
- Cash +€2,406
up €2,406 (+3.4%), from €71,331 to €73,737
mainly Depreciation (+€18,802) and Stocks and contracts (+€9,399)
Equity and liabilities
- Trade debts -€22,617
down €22,617 (-60.3%), from €37,534 to €14,917
of which Suppliers: -€22,942
- Debts after one year -€13,825
down €13,825 (-79.5%), from €17,388 to €3,563
- Accrued charges and deferred income +€8,700
new in 2025: €8,700
- Tax, wage and social debts -€5,438
down €5,438 (-63.5%), from €8,569 to €3,131
of which Taxes: -€4,865
- Reserves +€1,764
up €1,764 (+5.7%), from €30,942 to €32,706
Income statement
No income-statement line moved by more than 1% of the activity.
Change in the result, 2024 to 2025
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 2024
€5,487
Gross operating margin
+€84
Staff costs
-€898
Depreciation
-€1,764
Other operating charges
+€607
Financial income
-€2,236
Financial charges
+€143
Taxes
+€341
Result 2025
€1,764
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€19,879
Investment
-€4,311
Financing
-€13,162
Cash 2024
€71,331
From operations (derived)
+€19,879
Net result for the year
+€1,764
Depreciation
+€18,802
Stocks and contracts
+€9,399
Receivables within one year
+€7,420
Deferred charges and accrued income
+€3,108
Trade debts
-€22,617
Tax, wage and social debts
-€5,438
Other debts
-€1,259
Accrued charges and deferred income
+€8,700
Investment (derived)
-€4,311
Investment in fixed assets (net)
-€4,311
Financing
-€13,162
Debts after one year
-€13,825
Current portion of long-term debt
+€663
Cash 2025
€73,737
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €154,540 | €122,528 | -€32,012 | -20.7% |
| Fixed assets | 21/28 | €38,726 | €24,235 | -€14,491 | -37.4% |
| Tangible fixed assets | 22/27 | €38,726 | €24,235 | -€14,491 | -37.4% |
| Plant, machinery and equipment | 23 | €5,850 | €6,427 | +€577 | +9.9% |
| Furniture and vehicles | 24 | €32,876 | €17,808 | -€15,068 | -45.8% |
| Current assets | 29/58 | €115,814 | €98,293 | -€17,521 | -15.1% |
| Stocks and contracts in progress | 3 | €18,209 | €8,810 | -€9,399 | -51.6% |
| Stocks | 30/36 | €18,209 | €8,810 | -€9,399 | -51.6% |
| Amounts receivable within one year | 40/41 | €23,166 | €15,746 | -€7,420 | -32.0% |
| Trade receivables | 40 | €15,461 | €12,724 | -€2,737 | -17.7% |
| Other amounts receivable | 41 | €7,705 | €3,022 | -€4,683 | -60.8% |
| Cash at bank and in hand | 54/58 | €71,331 | €73,737 | +€2,406 | +3.4% |
| Deferred charges and accrued income | 490/1 | €3,108 | - | -€3,108 | |
| Total equity and liabilities | 10/49 | €154,540 | €122,528 | -€32,012 | -20.7% |
| Equity | 10/15 | €70,963 | €72,727 | +€1,764 | +2.5% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €30,942 | €32,706 | +€1,764 | +5.7% |
| Distributable reserves | 133 | €30,942 | €32,706 | +€1,764 | +5.7% |
| Profit (loss) carried forward | 14 | €21,021 | €21,021 | = | 0.0% |
| Amounts payable | 17/49 | €83,577 | €49,801 | -€33,776 | -40.4% |
| Amounts payable after more than one year | 17 | €17,388 | €3,563 | -€13,825 | -79.5% |
| Financial debts | 170/4 | €17,388 | €3,563 | -€13,825 | -79.5% |
| Amounts payable within one year | 42/48 | €66,189 | €37,538 | -€28,651 | -43.3% |
| Current portion of amounts payable after more than one year | 42 | €13,162 | €13,825 | +€663 | +5.0% |
| Trade debts | 44 | €37,534 | €14,917 | -€22,617 | -60.3% |
| Suppliers | 440/4 | €37,534 | €14,592 | -€22,942 | -61.1% |
| Bills of exchange payable | 441 | - | €325 | +€325 | |
| Taxes, remuneration and social security | 45 | €8,569 | €3,131 | -€5,438 | -63.5% |
| Taxes | 450/3 | €5,041 | €176 | -€4,865 | -96.5% |
| Remuneration and social security | 454/9 | €3,528 | €2,955 | -€573 | -16.2% |
| Other amounts payable | 47/48 | €6,924 | €5,665 | -€1,259 | -18.2% |
| Accrued charges and deferred income | 492/3 | - | €8,700 | +€8,700 | |
| Turnover | 70 | €494,878 | €498,571 | +€3,693 | +0.7% |
| Non-recurring operating income | 76A | €11,349 | €10,787 | -€562 | -5.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €380,280 | €383,327 | +€3,047 | +0.8% |
| Remuneration, social security and pensions | 62 | €105,987 | €106,885 | +€898 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,038 | €18,802 | +€1,764 | +10.4% |
| Other operating charges | 640/8 | €1,492 | €885 | -€607 | -40.7% |
| Gross operating margin | 9900 | €125,947 | €126,031 | +€84 | +0.1% |
| Operating profit (loss) | 9901 | €1,430 | -€541 | -€1,971 | |
| Financial income | 75/76B | €7,517 | €5,281 | -€2,236 | -29.7% |
| Recurring financial income | 75 | €2,558 | €5,281 | +€2,723 | +106% |
| Non-recurring financial income | 76B | €4,959 | - | -€4,959 | |
| Financial charges | 65/66B | €1,447 | €1,304 | -€143 | -9.9% |
| Recurring financial charges | 65 | €1,447 | €1,304 | -€143 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | €7,500 | €3,436 | -€4,064 | -54.2% |
| Income taxes | 67/77 | €2,013 | €1,672 | -€341 | -16.9% |
| Profit (loss) for the period | 9904 | €5,487 | €1,764 | -€3,723 | -67.9% |
| Profit (loss) for the period to be appropriated | 9905 | €5,487 | €1,764 | -€3,723 | -67.9% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.