M.J.A. CONSTRUCT: 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.
M.J.A. CONSTRUCT
Largest movements
- Cash -€84,126
down €84,126 (-14.0%), from €600,926 to €516,800
mainly Tax, wage and social debts (-€102,267) and Receivables within one year (-€63,536)
- Receivables within one year +€63,536
up €63,536 (+57.5%), from €110,487 to €174,022
of which Other amounts receivable: +€69,128
- Tax, wage and social debts -€102,267
down €102,267 (-88.9%), from €115,033 to €12,765
of which Taxes: -€94,143
- Trade debts +€68,246
up €68,246 (+58.2%), from €117,182 to €185,427
- Reserves +€16,000
up €16,000 (+3.3%), from €478,000 to €494,000
- Gross operating margin -€193,778
down €193,778 (-59.3%), from €326,994 to €133,215
- Taxes -€48,640
down €48,640 (-88.7%), from €54,808 to €6,168
- Staff costs -€26,163
down €26,163 (-18.7%), from €139,738 to €113,575
- Financial income +€3,718
up €3,718, from €0 to €3,718
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 | €711,627 | €693,871 | -€17,757 | -2.5% |
| Current assets | 29/58 | €711,627 | €693,871 | -€17,757 | -2.5% |
| Amounts receivable within one year | 40/41 | €110,487 | €174,022 | +€63,536 | +57.5% |
| Trade receivables | 40 | €14,823 | €9,231 | -€5,592 | -37.7% |
| Other amounts receivable | 41 | €95,664 | €164,792 | +€69,128 | +72.3% |
| Cash at bank and in hand | 54/58 | €600,926 | €516,800 | -€84,126 | -14.0% |
| Deferred charges and accrued income | 490/1 | €215 | €3,049 | +€2,834 | +1320.9% |
| Total equity and liabilities | 10/49 | €711,627 | €693,871 | -€17,757 | -2.5% |
| Equity | 10/15 | €479,413 | €495,678 | +€16,265 | +3.4% |
| Reserves | 13 | €478,000 | €494,000 | +€16,000 | +3.3% |
| Distributable reserves | 133 | €478,000 | €494,000 | +€16,000 | +3.3% |
| Profit (loss) carried forward | 14 | €1,413 | €1,678 | +€265 | +18.7% |
| Amounts payable | 17/49 | €232,214 | €198,193 | -€34,022 | -14.7% |
| Amounts payable within one year | 42/48 | €232,214 | €198,193 | -€34,022 | -14.7% |
| Trade debts | 44 | €117,182 | €185,427 | +€68,246 | +58.2% |
| Suppliers | 440/4 | €117,182 | €185,427 | +€68,246 | +58.2% |
| Taxes, remuneration and social security | 45 | €115,033 | €12,765 | -€102,267 | -88.9% |
| Taxes | 450/3 | €96,416 | €2,274 | -€94,143 | -97.6% |
| Remuneration and social security | 454/9 | €18,616 | €10,491 | -€8,125 | -43.6% |
| Remuneration, social security and pensions | 62 | €139,738 | €113,575 | -€26,163 | -18.7% |
| Other operating charges | 640/8 | €1,386 | €540 | -€846 | -61.0% |
| Gross operating margin | 9900 | €326,994 | €133,215 | -€193,778 | -59.3% |
| Operating profit (loss) | 9901 | €185,870 | €19,100 | -€166,769 | -89.7% |
| Financial income | 75/76B | €0 | €3,718 | +€3,718 | |
| Recurring financial income | 75 | €0 | €3,718 | +€3,718 | |
| Financial charges | 65/66B | €69 | €386 | +€317 | +458.4% |
| Recurring financial charges | 65 | €69 | €386 | +€317 | +458.4% |
| Profit (loss) for the period before taxes | 9903 | €185,801 | €22,433 | -€163,368 | -87.9% |
| Income taxes | 67/77 | €54,808 | €6,168 | -€48,640 | -88.7% |
| Profit (loss) for the period | 9904 | €130,993 | €16,265 | -€114,728 | -87.6% |
| Profit (loss) for the period to be appropriated | 9905 | €130,993 | €16,265 | -€114,728 | -87.6% |
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 11 October 2026 via checked.be.