M.J MANAGEMENT: 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 MANAGEMENT
Largest movements
- Receivables within one year +€62,585
up €62,585 (+320%), from €19,561 to €82,146
of which Other amounts receivable: +€62,584
- Cash +€22,941
up €22,941 (+852%), from €2,692 to €25,633
mainly Net result for the year (+€73,944) and Trade debts (+€12,385)
- Profit (loss) carried forward +€73,944
up €73,944 (+62.1%), from €119,093 to €193,037
- Trade debts +€12,385
up €12,385 (+367%), from €3,371 to €15,756
- Financial income -€49,012
down €49,012 (-91.0%), from €53,875 to €4,863
- Gross operating margin +€24,323
up €24,323 (+33.5%), from €72,602 to €96,925
- Taxes +€5,501
up €5,501 (+33.6%), from €16,396 to €21,897
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 | €420,166 | €509,692 | +€89,526 | +21.3% |
| Fixed assets | 21/28 | €385,913 | €385,913 | = | 0.0% |
| Financial fixed assets | 28 | €385,913 | €385,913 | = | 0.0% |
| Current assets | 29/58 | €34,253 | €123,779 | +€89,526 | +261% |
| Amounts receivable within one year | 40/41 | €19,561 | €82,146 | +€62,585 | +320% |
| Trade receivables | 40 | €511 | €512 | +€1 | +0.2% |
| Other amounts receivable | 41 | €19,050 | €81,634 | +€62,584 | +329% |
| Cash at bank and in hand | 54/58 | €2,692 | €25,633 | +€22,941 | +852% |
| Deferred charges and accrued income | 490/1 | €12,000 | €16,000 | +€4,000 | +33.3% |
| Total equity and liabilities | 10/49 | €420,166 | €509,692 | +€89,526 | +21.3% |
| Equity | 10/15 | €236,093 | €310,037 | +€73,944 | +31.3% |
| Contributions | 10/11 | €77,000 | €77,000 | = | 0.0% |
| Reserves | 13 | €40,000 | €40,000 | = | 0.0% |
| Distributable reserves | 133 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €119,093 | €193,037 | +€73,944 | +62.1% |
| Amounts payable | 17/49 | €184,073 | €199,655 | +€15,582 | +8.5% |
| Amounts payable after more than one year | 17 | €150,000 | €150,000 | = | 0.0% |
| Financial debts | 170/4 | €150,000 | €150,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €9,903 | €22,485 | +€12,582 | +127% |
| Trade debts | 44 | €3,371 | €15,756 | +€12,385 | +367% |
| Suppliers | 440/4 | €3,371 | €15,756 | +€12,385 | +367% |
| Taxes, remuneration and social security | 45 | €6,532 | €6,729 | +€197 | +3.0% |
| Taxes | 450/3 | €1,565 | €1,562 | -€3 | -0.2% |
| Remuneration and social security | 454/9 | €4,967 | €5,167 | +€200 | +4.0% |
| Accrued charges and deferred income | 492/3 | €24,170 | €27,170 | +€3,000 | +12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37 | - | -€37 | |
| Other operating charges | 640/8 | €387 | - | -€387 | |
| Gross operating margin | 9900 | €72,602 | €96,925 | +€24,323 | +33.5% |
| Operating profit (loss) | 9901 | €72,178 | €96,925 | +€24,747 | +34.3% |
| Financial income | 75/76B | €53,875 | €4,863 | -€49,012 | -91.0% |
| Recurring financial income | 75 | €53,875 | €4,863 | -€49,012 | -91.0% |
| Financial charges | 65/66B | €5,906 | €5,947 | +€41 | +0.7% |
| Recurring financial charges | 65 | €5,906 | €5,947 | +€41 | +0.7% |
| Profit (loss) for the period before taxes | 9903 | €120,147 | €95,841 | -€24,306 | -20.2% |
| Income taxes | 67/77 | €16,396 | €21,897 | +€5,501 | +33.6% |
| Profit (loss) for the period | 9904 | €103,751 | €73,944 | -€29,807 | -28.7% |
| Profit (loss) for the period to be appropriated | 9905 | €103,751 | €73,944 | -€29,807 | -28.7% |
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 25 October 2026 via checked.be.