M.J.DECO: 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.DECO
Largest movements
- Receivables within one year +€12,616
up €12,616 (+101%), from €12,441 to €25,057
of which Trade receivables: +€12,616
- Tangible fixed assets +€1,505
up €1,505 (+3.9%), from €38,347 to €39,853
of which Plant, machinery and equipment: +€3,780
- Deferred charges and accrued income -€1,501
down €1,501 (-44.0%), from €3,411 to €1,910
- Other debts +€6,954
up €6,954 (+142%), from €4,898 to €11,852
- Debts after one year -€6,341
down €6,341 (-24.1%), from €26,362 to €20,020
- Profit (loss) carried forward +€5,397
up €5,397 (+9.3%), from €57,954 to €63,351
- Trade debts +€4,103
up €4,103 (+25.8%), from €15,889 to €19,991
- Turnover +€70,214
up €70,214 (+23.2%), from €302,285 to €372,499
- Gross operating margin +€62,600
up €62,600 (+37.3%), from €167,864 to €230,464
- Staff costs +€29,191
up €29,191 (+16.7%), from €174,623 to €203,814
- Purchases and services +€13,485
up €13,485 (+7.8%), from €172,881 to €186,366
- Depreciation +€6,507
up €6,507 (+129%), from €5,046 to €11,553
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 | €136,207 | €147,400 | +€11,193 | +8.2% |
| Fixed assets | 21/28 | €38,397 | €39,903 | +€1,505 | +3.9% |
| Tangible fixed assets | 22/27 | €38,347 | €39,853 | +€1,505 | +3.9% |
| Plant, machinery and equipment | 23 | €4,692 | €8,472 | +€3,780 | +80.6% |
| Furniture and vehicles | 24 | €33,656 | €29,006 | -€4,649 | -13.8% |
| Other tangible fixed assets | 26 | €0 | €2,375 | +€2,375 | |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €97,810 | €107,497 | +€9,688 | +9.9% |
| Stocks and contracts in progress | 3 | €7,950 | €7,861 | -€89 | -1.1% |
| Stocks | 30/36 | €7,950 | €7,861 | -€89 | -1.1% |
| Amounts receivable within one year | 40/41 | €12,441 | €25,057 | +€12,616 | +101% |
| Trade receivables | 40 | €8,941 | €21,557 | +€12,616 | +141% |
| Other amounts receivable | 41 | €3,500 | €3,500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €74,008 | €72,669 | -€1,338 | -1.8% |
| Deferred charges and accrued income | 490/1 | €3,411 | €1,910 | -€1,501 | -44.0% |
| Total equity and liabilities | 10/49 | €136,207 | €147,400 | +€11,193 | +8.2% |
| Equity | 10/15 | €68,675 | €74,072 | +€5,397 | +7.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €4,521 | €4,521 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,661 | €2,661 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,954 | €63,351 | +€5,397 | +9.3% |
| Amounts payable | 17/49 | €67,532 | €73,328 | +€5,796 | +8.6% |
| Amounts payable after more than one year | 17 | €26,362 | €20,020 | -€6,341 | -24.1% |
| Financial debts | 170/4 | €26,362 | €20,020 | -€6,341 | -24.1% |
| Amounts payable within one year | 42/48 | €41,152 | €52,768 | +€11,616 | +28.2% |
| Current portion of amounts payable after more than one year | 42 | €6,092 | €6,341 | +€250 | +4.1% |
| Trade debts | 44 | €15,889 | €19,991 | +€4,103 | +25.8% |
| Suppliers | 440/4 | €15,889 | €19,991 | +€4,103 | +25.8% |
| Taxes, remuneration and social security | 45 | €14,274 | €14,583 | +€309 | +2.2% |
| Taxes | 450/3 | €6,700 | €4,739 | -€1,960 | -29.3% |
| Remuneration and social security | 454/9 | €7,574 | €9,844 | +€2,270 | +30.0% |
| Other amounts payable | 47/48 | €4,898 | €11,852 | +€6,954 | +142% |
| Accrued charges and deferred income | 492/3 | €18 | €540 | +€522 | +2,862% |
| Turnover | 70 | €302,285 | €372,499 | +€70,214 | +23.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €172,881 | €186,366 | +€13,485 | +7.8% |
| Remuneration, social security and pensions | 62 | €174,623 | €203,814 | +€29,191 | +16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,046 | €11,553 | +€6,507 | +129% |
| Other operating charges | 640/8 | €6,171 | €1,544 | -€4,626 | -75.0% |
| Non-recurring operating charges | 66A | €3,919 | €1,429 | -€2,490 | -63.5% |
| Gross operating margin | 9900 | €167,864 | €230,464 | +€62,600 | +37.3% |
| Operating profit (loss) | 9901 | -€21,895 | €12,124 | +€34,019 | |
| Financial income | 75/76B | €8 | €3 | -€5 | -66.9% |
| Recurring financial income | 75 | €8 | €3 | -€5 | -67.0% |
| Non-recurring financial income | 76B | - | €0 | +€0 | |
| Financial charges | 65/66B | €3,538 | €6,384 | +€2,846 | +80.4% |
| Recurring financial charges | 65 | €3,538 | €6,384 | +€2,846 | +80.4% |
| Profit (loss) for the period before taxes | 9903 | -€25,426 | €5,742 | +€31,168 | |
| Income taxes | 67/77 | €690 | €345 | -€345 | -50.0% |
| Profit (loss) for the period | 9904 | -€26,116 | €5,397 | +€31,512 | |
| Profit (loss) for the period to be appropriated | 9905 | -€26,116 | €5,397 | +€31,512 |
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 20 October 2026 via checked.be.