MARCUS NAVIN-JONES: 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.
MARCUS NAVIN-JONES
Largest movements
- Cash +€65,068
up €65,068 (+64.8%), from €100,419 to €165,487
mainly Net result for the year (+€61,779) and Other debts (+€3,588)
- Receivables within one year -€2,055
no longer reported in 2025 (was €2,055)
of which Other amounts receivable: -€1,839
- Reserves +€61,779
up €61,779 (+92.3%), from €66,919 to €128,698
of which Distributable reserves: +€61,779
- Other debts +€3,588
new in 2025: €3,588
- Taxes +€5,193
up €5,193 (+27.4%), from €18,919 to €24,112
- Gross operating margin +€2,714
up €2,714 (+3.2%), from €84,297 to €87,011
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 | €102,500 | €165,616 | +€63,115 | +61.6% |
| Current assets | 29/58 | €102,500 | €165,616 | +€63,115 | +61.6% |
| Amounts receivable within one year | 40/41 | €2,055 | - | -€2,055 | |
| Trade receivables | 40 | €215 | - | -€215 | |
| Other amounts receivable | 41 | €1,839 | - | -€1,839 | |
| Cash at bank and in hand | 54/58 | €100,419 | €165,487 | +€65,068 | +64.8% |
| Deferred charges and accrued income | 490/1 | €26 | €128 | +€102 | +386.4% |
| Total equity and liabilities | 10/49 | €102,500 | €165,616 | +€63,115 | +61.6% |
| Equity | 10/15 | €79,816 | €141,596 | +€61,779 | +77.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €66,919 | €128,698 | +€61,779 | +92.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €65,059 | €126,838 | +€61,779 | +95.0% |
| Profit (loss) carried forward | 14 | €498 | €498 | = | 0.0% |
| Amounts payable | 17/49 | €22,684 | €24,020 | +€1,336 | +5.9% |
| Amounts payable within one year | 42/48 | €19,684 | €22,208 | +€2,524 | +12.8% |
| Trade debts | 44 | €2,074 | €2,209 | +€136 | +6.6% |
| Suppliers | 440/4 | €2,074 | €2,209 | +€136 | +6.6% |
| Taxes, remuneration and social security | 45 | €17,610 | €16,411 | -€1,199 | -6.8% |
| Taxes | 450/3 | €17,610 | €16,411 | -€1,199 | -6.8% |
| Other amounts payable | 47/48 | - | €3,588 | +€3,588 | |
| Accrued charges and deferred income | 492/3 | €3,000 | €1,812 | -€1,188 | -39.6% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €84,297 | €87,011 | +€2,714 | +3.2% |
| Operating profit (loss) | 9901 | €83,910 | €86,612 | +€2,702 | +3.2% |
| Financial charges | 65/66B | - | €720 | +€720 | |
| Recurring financial charges | 65 | - | €720 | +€720 | |
| Profit (loss) for the period before taxes | 9903 | €83,910 | €85,891 | +€1,982 | +2.4% |
| Income taxes | 67/77 | €18,919 | €24,112 | +€5,193 | +27.4% |
| Profit (loss) for the period | 9904 | €64,991 | €61,779 | -€3,211 | -4.9% |
| Profit (loss) for the period to be appropriated | 9905 | €64,991 | €61,779 | -€3,211 | -4.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.