M&J CONCEPT: 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 CONCEPT
Largest movements
- Financial fixed assets +€23,267
up €23,267 (+5,966%), from €390 to €23,657
- Cash -€23,151
down €23,151 (-47.7%), from €48,560 to €25,410
mainly Investment in fixed assets (net) (-€47,222) and Contributions, distributions and other (-€24,000)
- Tangible fixed assets +€17,347
up €17,347 (+210%), from €8,268 to €25,615
of which Furniture and vehicles: +€18,558
- Deferred charges and accrued income -€1,349
down €1,349 (-85.9%), from €1,570 to €221
- Receivables within one year +€1,132
up €1,132 (+3.6%), from €31,566 to €32,697
of which Trade receivables: +€7,946
- Other debts +€11,451
up €11,451 (+91.3%), from €12,549 to €24,000
- Reserves +€8,449
new in 2025: €8,449
- Tax, wage and social debts +€4,659
up €4,659 (+18.1%), from €25,790 to €30,449
of which Taxes: +€2,893
- Accrued charges and deferred income -€4,591
no longer reported in 2025 (was €4,591)
- Trade debts -€2,721
down €2,721 (-9.4%), from €28,824 to €26,103
- Gross operating margin +€44,592
up €44,592 (+28.8%), from €154,583 to €199,175
- Taxes +€9,808
up €9,808 (+234%), from €4,198 to €14,007
- Depreciation +€5,397
up €5,397 (+446%), from €1,211 to €6,607
- Other operating charges +€5,023
up €5,023 (+21.4%), from €23,477 to €28,500
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.
Derived cash bridge
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 | €90,354 | €107,601 | +€17,246 | +19.1% |
| Fixed assets | 21/28 | €8,658 | €49,273 | +€40,614 | +469% |
| Tangible fixed assets | 22/27 | €8,268 | €25,615 | +€17,347 | +210% |
| Furniture and vehicles | 24 | - | €18,558 | +€18,558 | |
| Other tangible fixed assets | 26 | €8,268 | €7,058 | -€1,211 | -14.6% |
| Financial fixed assets | 28 | €390 | €23,657 | +€23,267 | +5,966% |
| Current assets | 29/58 | €81,696 | €58,328 | -€23,368 | -28.6% |
| Amounts receivable within one year | 40/41 | €31,566 | €32,697 | +€1,132 | +3.6% |
| Trade receivables | 40 | €21,276 | €29,222 | +€7,946 | +37.3% |
| Other amounts receivable | 41 | €10,289 | €3,475 | -€6,815 | -66.2% |
| Cash at bank and in hand | 54/58 | €48,560 | €25,410 | -€23,151 | -47.7% |
| Deferred charges and accrued income | 490/1 | €1,570 | €221 | -€1,349 | -85.9% |
| Total equity and liabilities | 10/49 | €90,354 | €107,601 | +€17,246 | +19.1% |
| Equity | 10/15 | €18,600 | €27,049 | +€8,449 | +45.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €8,449 | +€8,449 | |
| Distributable reserves | 133 | - | €8,449 | +€8,449 | |
| Amounts payable | 17/49 | €71,754 | €80,551 | +€8,797 | +12.3% |
| Amounts payable within one year | 42/48 | €67,163 | €80,551 | +€13,388 | +19.9% |
| Trade debts | 44 | €28,824 | €26,103 | -€2,721 | -9.4% |
| Suppliers | 440/4 | €28,824 | €26,103 | -€2,721 | -9.4% |
| Taxes, remuneration and social security | 45 | €25,790 | €30,449 | +€4,659 | +18.1% |
| Taxes | 450/3 | €13,078 | €15,972 | +€2,893 | +22.1% |
| Remuneration and social security | 454/9 | €12,711 | €14,477 | +€1,766 | +13.9% |
| Other amounts payable | 47/48 | €12,549 | €24,000 | +€11,451 | +91.3% |
| Accrued charges and deferred income | 492/3 | €4,591 | - | -€4,591 | |
| Remuneration, social security and pensions | 62 | €112,904 | €111,021 | -€1,883 | -1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,211 | €6,607 | +€5,397 | +446% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,732 | €4,962 | -€1,770 | -26.3% |
| Other operating charges | 640/8 | €23,477 | €28,500 | +€5,023 | +21.4% |
| Gross operating margin | 9900 | €154,583 | €199,175 | +€44,592 | +28.8% |
| Operating profit (loss) | 9901 | €10,259 | €48,084 | +€37,824 | +369% |
| Financial income | 75/76B | €381 | €173 | -€207 | -54.5% |
| Recurring financial income | 75 | €381 | €173 | -€207 | -54.5% |
| Financial charges | 65/66B | €2,652 | €1,800 | -€851 | -32.1% |
| Recurring financial charges | 65 | €2,652 | €1,800 | -€851 | -32.1% |
| Profit (loss) for the period before taxes | 9903 | €7,988 | €46,456 | +€38,468 | +482% |
| Income taxes | 67/77 | €4,198 | €14,007 | +€9,808 | +234% |
| Profit (loss) for the period | 9904 | €3,790 | €32,449 | +€28,660 | +756% |
| Profit (loss) for the period to be appropriated | 9905 | €3,790 | €32,449 | +€28,660 | +756% |
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 18 October 2026 via checked.be.