M&J CONSTRUCTION: 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 CONSTRUCTION
Largest movements
- Cash +€18,942
up €18,942 (+712,117%), from €3 to €18,945
mainly Net result for the year (+€18,611) and Receivables within one year (+€13,365)
- Receivables within one year -€13,365
down €13,365 (-55.3%), from €24,181 to €10,816
of which Trade receivables: -€13,410
- Tangible fixed assets +€3,337
up €3,337 (+297%), from €1,124 to €4,462
of which Plant, machinery and equipment: +€2,968
- Deferred charges and accrued income +€452
up €452 (+24.6%), from €1,832 to €2,284
- Profit (loss) carried forward +€18,611
up €18,611 (+77.6%), from -€23,975 to -€5,364
- Trade debts -€4,614
down €4,614 (-50.0%), from €9,224 to €4,610
- Short-term financial debts -€2,788
no longer reported in 2025 (was €2,788)
- Other debts -€2,243
down €2,243 (-85.2%), from €2,632 to €389
- Tax, wage and social debts +€400
up €400 (+16.7%), from €2,400 to €2,800
of which Taxes: +€2,000
- Gross operating margin +€6,653
up €6,653 (+32.7%), from €20,342 to €26,996
- Taxes +€5,615
up €5,615 (+702%), from €800 to €6,415
- Other operating charges -€681
down €681 (-52.9%), from €1,287 to €606
- Financial charges -€291
down €291 (-49.2%), from €591 to €300
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 | €28,280 | €37,646 | +€9,366 | +33.1% |
| Fixed assets | 21/28 | €2,264 | €5,601 | +€3,337 | +147% |
| Tangible fixed assets | 22/27 | €1,124 | €4,462 | +€3,337 | +297% |
| Plant, machinery and equipment | 23 | €835 | €3,804 | +€2,968 | +355% |
| Furniture and vehicles | 24 | €289 | €658 | +€369 | +128% |
| Financial fixed assets | 28 | €1,140 | €1,140 | = | 0.0% |
| Current assets | 29/58 | €26,016 | €32,045 | +€6,029 | +23.2% |
| Amounts receivable within one year | 40/41 | €24,181 | €10,816 | -€13,365 | -55.3% |
| Trade receivables | 40 | €22,937 | €9,527 | -€13,410 | -58.5% |
| Other amounts receivable | 41 | €1,244 | €1,288 | +€45 | +3.6% |
| Cash at bank and in hand | 54/58 | €3 | €18,945 | +€18,942 | +712,117% |
| Deferred charges and accrued income | 490/1 | €1,832 | €2,284 | +€452 | +24.6% |
| Total equity and liabilities | 10/49 | €28,280 | €37,646 | +€9,366 | +33.1% |
| Equity | 10/15 | €11,236 | €29,847 | +€18,611 | +166% |
| Contributions | 10/11 | €10,400 | €10,400 | = | 0.0% |
| Reserves | 13 | €24,811 | €24,811 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,811 | €1,811 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,811 | €1,811 | = | 0.0% |
| Distributable reserves | 133 | €23,000 | €23,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,975 | -€5,364 | +€18,611 | +77.6% |
| Amounts payable | 17/49 | €17,044 | €7,799 | -€9,245 | -54.2% |
| Amounts payable within one year | 42/48 | €17,044 | €7,799 | -€9,245 | -54.2% |
| Financial debts | 43 | €2,788 | - | -€2,788 | |
| Credit institutions | 430/8 | €2,788 | - | -€2,788 | |
| Trade debts | 44 | €9,224 | €4,610 | -€4,614 | -50.0% |
| Suppliers | 440/4 | €9,224 | €4,610 | -€4,614 | -50.0% |
| Taxes, remuneration and social security | 45 | €2,400 | €2,800 | +€400 | +16.7% |
| Taxes | 450/3 | €800 | €2,800 | +€2,000 | +250% |
| Remuneration and social security | 454/9 | €1,600 | - | -€1,600 | |
| Other amounts payable | 47/48 | €2,632 | €389 | -€2,243 | -85.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €909 | €1,073 | +€164 | +18.0% |
| Other operating charges | 640/8 | €1,287 | €606 | -€681 | -52.9% |
| Gross operating margin | 9900 | €20,342 | €26,996 | +€6,653 | +32.7% |
| Operating profit (loss) | 9901 | €18,146 | €25,316 | +€7,170 | +39.5% |
| Financial income | 75/76B | €11 | €10 | -€1 | -11.7% |
| Recurring financial income | 75 | €11 | €10 | -€1 | -11.7% |
| Financial charges | 65/66B | €591 | €300 | -€291 | -49.2% |
| Recurring financial charges | 65 | €591 | €300 | -€291 | -49.2% |
| Profit (loss) for the period before taxes | 9903 | €17,566 | €25,026 | +€7,460 | +42.5% |
| Income taxes | 67/77 | €800 | €6,415 | +€5,615 | +702% |
| Profit (loss) for the period | 9904 | €16,766 | €18,611 | +€1,844 | +11.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,766 | €18,611 | +€1,844 | +11.0% |
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 14 October 2026 via checked.be.