M-J CONSULTING: 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 CONSULTING
Largest movements
- Cash -€90,457
down €90,457 (-99.5%), from €90,870 to €413
mainly Receivables within one year (-€85,894) and Debts after one year (-€40,460)
- Receivables within one year +€85,894
up €85,894 (+19.9%), from €432,621 to €518,515
of which Other amounts receivable: +€85,894
- Tangible fixed assets -€60,752
down €60,752 (-6.1%), from €1.0m to €942,188
of which Land and buildings: -€59,887
- Debts after one year -€40,460
down €40,460 (-7.7%), from €524,128 to €483,668
- Reserves -€31,879
down €31,879 (-2.7%), from €1.2m to €1.2m
of which Tax-exempt reserves: -€31,839
- Gross operating margin -€371,181
down €371,181 (-84.4%), from €439,963 to €68,783
- Depreciation +€17,633
up €17,633 (+33.2%), from €53,161 to €70,795
- Financial charges -€8,770
down €8,770 (-28.8%), from €30,443 to €21,673
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 | €1,845,312 | €1,780,002 | -€65,310 | -3.5% |
| Fixed assets | 21/28 | €1,026,869 | €966,117 | -€60,752 | -5.9% |
| Tangible fixed assets | 22/27 | €1,002,939 | €942,188 | -€60,752 | -6.1% |
| Land and buildings | 22 | €999,275 | €939,389 | -€59,887 | -6.0% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €3,664 | €2,799 | -€865 | -23.6% |
| Financial fixed assets | 28 | €23,929 | €23,929 | = | 0.0% |
| Current assets | 29/58 | €818,444 | €813,885 | -€4,558 | -0.6% |
| Amounts receivable after more than one year | 29 | €292,667 | €292,667 | = | 0.0% |
| Other amounts receivable | 291 | €292,667 | €292,667 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €432,621 | €518,515 | +€85,894 | +19.9% |
| Trade receivables | 40 | €5,000 | €5,000 | = | 0.0% |
| Other amounts receivable | 41 | €427,621 | €513,515 | +€85,894 | +20.1% |
| Cash at bank and in hand | 54/58 | €90,870 | €413 | -€90,457 | -99.5% |
| Deferred charges and accrued income | 490/1 | €2,285 | €2,290 | +€5 | +0.2% |
| Total equity and liabilities | 10/49 | €1,845,312 | €1,780,002 | -€65,310 | -3.5% |
| Equity | 10/15 | €1,134,552 | €1,115,646 | -€18,906 | -1.7% |
| Contributions | 10/11 | €400 | €400 | = | 0.0% |
| Reserves | 13 | €1,200,173 | €1,168,295 | -€31,879 | -2.7% |
| Tax-exempt reserves | 132 | €398,520 | €366,682 | -€31,839 | -8.0% |
| Distributable reserves | 133 | €801,653 | €801,613 | -€40 | 0.0% |
| Profit (loss) carried forward | 14 | -€66,021 | -€53,049 | +€12,973 | +19.6% |
| Provisions and deferred taxes | 16 | €132,840 | €122,227 | -€10,613 | -8.0% |
| Deferred taxes | 168 | €132,840 | €122,227 | -€10,613 | -8.0% |
| Amounts payable | 17/49 | €577,920 | €542,129 | -€35,791 | -6.2% |
| Amounts payable after more than one year | 17 | €524,128 | €483,668 | -€40,460 | -7.7% |
| Financial debts | 170/4 | €524,128 | €483,668 | -€40,460 | -7.7% |
| Amounts payable within one year | 42/48 | €53,792 | €58,461 | +€4,669 | +8.7% |
| Current portion of amounts payable after more than one year | 42 | €39,322 | €40,460 | +€1,138 | +2.9% |
| Financial debts | 43 | €309 | €17,792 | +€17,482 | +5,651% |
| Credit institutions | 430/8 | €309 | €17,792 | +€17,482 | +5,651% |
| Trade debts | 44 | €1,659 | €209 | -€1,450 | -87.4% |
| Suppliers | 440/4 | €1,659 | €209 | -€1,450 | -87.4% |
| Other amounts payable | 47/48 | €12,501 | €0 | -€12,501 | -100% |
| Non-recurring operating income | 76A | €408,220 | €0 | -€408,220 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,161 | €70,795 | +€17,633 | +33.2% |
| Other operating charges | 640/8 | €7,367 | €7,618 | +€251 | +3.4% |
| Gross operating margin | 9900 | €439,963 | €68,783 | -€371,181 | -84.4% |
| Operating profit (loss) | 9901 | €379,435 | -€9,630 | -€389,065 | |
| Financial income | 75/76B | €1 | €1,784 | +€1,784 | +274,408% |
| Recurring financial income | 75 | €1 | €1,784 | +€1,784 | +274,408% |
| Financial charges | 65/66B | €30,443 | €21,673 | -€8,770 | -28.8% |
| Recurring financial charges | 65 | €30,443 | €21,673 | -€8,770 | -28.8% |
| Profit (loss) for the period before taxes | 9903 | €348,992 | -€29,519 | -€378,511 | |
| Transfer from deferred taxes | 780 | €6,145 | €10,613 | +€4,468 | +72.7% |
| Transfer to deferred taxes | 680 | €100,805 | €0 | -€100,805 | -100% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €254,332 | -€18,906 | -€273,238 | |
| Transfer from tax-exempt reserves | 789 | €18,434 | €31,839 | +€13,404 | +72.7% |
| Transfer to tax-exempt reserves | 689 | €302,415 | €0 | -€302,415 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,649 | €12,933 | +€42,581 |
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 26 October 2026 via checked.be.