M.J.M. DISTRIBUTION: 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.M. DISTRIBUTION
Largest movements
- Cash -€7,713
down €7,713 (-45.1%), from €17,091 to €9,378
mainly Trade debts (-€15,130) and Deferred charges and accrued income (-€4,173)
- Deferred charges and accrued income +€4,173
up €4,173 (+8.0%), from €52,242 to €56,415
- Trade debts -€15,130
down €15,130 (-26.0%), from €58,089 to €42,959
- Tax, wage and social debts +€6,059
up €6,059 (+61.9%), from €9,796 to €15,855
of which Remuneration and social security: +€6,599
- Profit (loss) carried forward +€5,795
up €5,795 (+3.4%), from -€172,775 to -€166,980
- Purchases and services -€2,782
down €2,782 (-3.4%), from €81,910 to €79,128
- Gross operating margin +€2,747
up €2,747 (+3.8%), from €72,864 to €75,611
- Turnover +€2,300
up €2,300 (+1.6%), from €148,077 to €150,377
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 | €76,910 | €74,132 | -€2,778 | -3.6% |
| Fixed assets | 21/28 | €2,603 | €3,174 | +€571 | +21.9% |
| Tangible fixed assets | 22/27 | €1,815 | €2,386 | +€571 | +31.5% |
| Plant, machinery and equipment | 23 | €1,815 | €1,141 | -€674 | -37.1% |
| Furniture and vehicles | 24 | - | €1,245 | +€1,245 | |
| Financial fixed assets | 28 | €788 | €788 | = | 0.0% |
| Current assets | 29/58 | €74,307 | €70,958 | -€3,349 | -4.5% |
| Stocks and contracts in progress | 3 | €4,648 | €5,024 | +€376 | +8.1% |
| Stocks | 30/36 | €4,648 | €5,024 | +€376 | +8.1% |
| Amounts receivable within one year | 40/41 | €326 | €141 | -€185 | -56.7% |
| Other amounts receivable | 41 | €326 | €141 | -€185 | -56.7% |
| Cash at bank and in hand | 54/58 | €17,091 | €9,378 | -€7,713 | -45.1% |
| Deferred charges and accrued income | 490/1 | €52,242 | €56,415 | +€4,173 | +8.0% |
| Total equity and liabilities | 10/49 | €76,910 | €74,132 | -€2,778 | -3.6% |
| Equity | 10/15 | -€94,175 | -€88,380 | +€5,795 | +6.2% |
| Contributions | 10/11 | €78,600 | €78,600 | = | 0.0% |
| Capital | 10 | €78,600 | €78,600 | = | 0.0% |
| Issued capital | 100 | €78,600 | €78,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€172,775 | -€166,980 | +€5,795 | +3.4% |
| Amounts payable | 17/49 | €171,085 | €162,512 | -€8,573 | -5.0% |
| Amounts payable after more than one year | 17 | €103,200 | €103,200 | = | 0.0% |
| Other amounts payable | 178/9 | €103,200 | €103,200 | = | 0.0% |
| Amounts payable within one year | 42/48 | €67,885 | €59,312 | -€8,573 | -12.6% |
| Trade debts | 44 | €58,089 | €42,959 | -€15,130 | -26.0% |
| Suppliers | 440/4 | €58,089 | €42,959 | -€15,130 | -26.0% |
| Taxes, remuneration and social security | 45 | €9,796 | €15,855 | +€6,059 | +61.9% |
| Taxes | 450/3 | €1,750 | €1,210 | -€540 | -30.9% |
| Remuneration and social security | 454/9 | €8,046 | €14,645 | +€6,599 | +82.0% |
| Other amounts payable | 47/48 | - | €498 | +€498 | |
| Turnover | 70 | €148,077 | €150,377 | +€2,300 | +1.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €81,910 | €79,128 | -€2,782 | -3.4% |
| Remuneration, social security and pensions | 62 | €67,734 | €67,325 | -€409 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €874 | €1,113 | +€239 | +27.3% |
| Other operating charges | 640/8 | €595 | €400 | -€195 | -32.8% |
| Gross operating margin | 9900 | €72,864 | €75,611 | +€2,747 | +3.8% |
| Operating profit (loss) | 9901 | €3,661 | €6,773 | +€3,112 | +85.0% |
| Financial income | 75/76B | €10 | - | -€10 | |
| Recurring financial income | 75 | €10 | - | -€10 | |
| Financial charges | 65/66B | €748 | €978 | +€230 | +30.7% |
| Recurring financial charges | 65 | €748 | €978 | +€230 | +30.7% |
| Profit (loss) for the period before taxes | 9903 | €2,923 | €5,795 | +€2,872 | +98.3% |
| Profit (loss) for the period | 9904 | €2,923 | €5,795 | +€2,872 | +98.3% |
| Profit (loss) for the period to be appropriated | 9905 | €2,923 | €5,795 | +€2,872 | +98.3% |
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 15 October 2026 via checked.be.