M.J.H. Associates: what changed
What changed
M.J.H. Associates
NACE 73.200, Market research and public opinion polling
filed annual accounts (NBB)
Net result for the year
€306,135
2024 · €189,727+€116,408
Equity
€502,793
2024 · €496,657+€6,135
Cash
€40,720
2024 · €278,683-€237,963
Balance sheet total
€825,599
2024 · €768,037+€57,562
Largest movements
Assets
- Receivables within one year +€313,197
up €313,197 (+564%), from €55,520 to €368,718
of which Other amounts receivable: +€301,097
- Cash -€237,963
down €237,963 (-85.4%), from €278,683 to €40,720
mainly Receivables within one year (-€313,197) and Contributions, distributions and other (-€300,000)
- Financial fixed assets -€17,576
down €17,576 (-4.1%), from €430,674 to €413,098
Equity and liabilities
- Other debts +€50,000
up €50,000 (+20.0%), from €250,000 to €300,000
Income statement
- Financial income +€63,566
up €63,566 (+192%), from €33,075 to €96,641
- Financial charges -€34,519
down €34,519 (-98.6%), from €35,020 to €501
- Gross operating margin +€19,420
up €19,420 (+7.8%), from €250,526 to €269,946
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€189,727
Gross operating margin
+€19,420
Staff costs
+€26
Depreciation
+€44
Other operating charges
-€129
Financial income
+€63,566
Financial charges
+€34,519
Taxes
-€1,038
Result 2025
€306,135
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€45,697
Investment
+€16,340
Financing
-€300,000
Cash 2024
€278,683
From operations (derived)
+€45,697
Net result for the year
+€306,135
Depreciation
+€1,332
Receivables within one year
-€313,197
Trade debts
+€909
Tax, wage and social debts
+€4,019
Other debts
+€50,000
Accrued charges and deferred income
-€3,500
Investment (derived)
+€16,340
Investment in fixed assets (net)
+€16,340
Financing
-€300,000
Contributions, distributions and other
-€300,000
Cash 2025
€40,720
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €768,037 | €825,599 | +€57,562 | +7.5% |
| Fixed assets | 21/28 | €433,833 | €416,162 | -€17,672 | -4.1% |
| Tangible fixed assets | 22/27 | €3,160 | €3,064 | -€96 | -3.0% |
| Furniture and vehicles | 24 | €3,160 | €3,064 | -€96 | -3.0% |
| Financial fixed assets | 28 | €430,674 | €413,098 | -€17,576 | -4.1% |
| Current assets | 29/58 | €334,203 | €409,437 | +€75,234 | +22.5% |
| Amounts receivable within one year | 40/41 | €55,520 | €368,718 | +€313,197 | +564% |
| Trade receivables | 40 | €3,570 | €15,670 | +€12,100 | +339% |
| Other amounts receivable | 41 | €51,951 | €353,048 | +€301,097 | +580% |
| Cash at bank and in hand | 54/58 | €278,683 | €40,720 | -€237,963 | -85.4% |
| Total equity and liabilities | 10/49 | €768,037 | €825,599 | +€57,562 | +7.5% |
| Equity | 10/15 | €496,657 | €502,793 | +€6,135 | +1.2% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €252,255 | €252,255 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €246,057 | €246,057 | = | 0.0% |
| Profit (loss) carried forward | 14 | €182,429 | €188,564 | +€6,135 | +3.4% |
| Amounts payable | 17/49 | €271,379 | €322,806 | +€51,427 | +19.0% |
| Amounts payable within one year | 42/48 | €267,879 | €322,806 | +€54,927 | +20.5% |
| Trade debts | 44 | €4,803 | €5,712 | +€909 | +18.9% |
| Suppliers | 440/4 | €4,803 | €5,712 | +€909 | +18.9% |
| Taxes, remuneration and social security | 45 | €13,076 | €17,094 | +€4,019 | +30.7% |
| Taxes | 450/3 | €13,076 | €17,094 | +€4,019 | +30.7% |
| Other amounts payable | 47/48 | €250,000 | €300,000 | +€50,000 | +20.0% |
| Accrued charges and deferred income | 492/3 | €3,500 | - | -€3,500 | |
| Non-recurring operating income | 76A | €11,961 | €4,278 | -€7,683 | -64.2% |
| Remuneration, social security and pensions | 62 | €26 | - | -€26 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,377 | €1,332 | -€44 | -3.2% |
| Other operating charges | 640/8 | €584 | €713 | +€129 | +22.1% |
| Gross operating margin | 9900 | €250,526 | €269,946 | +€19,420 | +7.8% |
| Operating profit (loss) | 9901 | €248,540 | €267,901 | +€19,361 | +7.8% |
| Financial income | 75/76B | €33,075 | €96,641 | +€63,566 | +192% |
| Recurring financial income | 75 | €33,075 | €96,641 | +€63,566 | +192% |
| Financial charges | 65/66B | €35,020 | €501 | -€34,519 | -98.6% |
| Recurring financial charges | 65 | €35,020 | €501 | -€34,519 | -98.6% |
| Profit (loss) for the period before taxes | 9903 | €246,594 | €364,041 | +€117,447 | +47.6% |
| Income taxes | 67/77 | €56,867 | €57,906 | +€1,038 | +1.8% |
| Profit (loss) for the period | 9904 | €189,727 | €306,135 | +€116,408 | +61.4% |
| Profit (loss) for the period to be appropriated | 9905 | €189,727 | €306,135 | +€116,408 | +61.4% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.