M&J'S MANAGEMENT: what changed
M&J'S MANAGEMENT
Largest movements
- Receivables within one year +€644,537
up €644,537 (+29,358%), from €2,195 to €646,732
of which Trade receivables: +€585,000
- Financial fixed assets -€586,783
no longer reported in 2025 (was €586,783)
- Current investments +€387,208
up €387,208 (+38.8%), from €998,860 to €1.4m
- Receivables after one year +€160,000
new in 2025: €160,000
- Cash -€30,187
down €30,187 (-95.9%), from €31,474 to €1,287
mainly Receivables within one year (-€644,537) and Current investments (-€387,208)
- Reserves +€498,642
up €498,642 (+35.5%), from €1.4m to €1.9m
- Tax, wage and social debts +€72,467
up €72,467 (+107%), from €67,958 to €140,425
- Financial income +€26,517
up €26,517 (+3.3%), from €808,307 to €834,824
- Taxes +€7,997
up €7,997 (+11.4%), from €70,181 to €78,177
- Financial charges +€1,716
up €1,716 (+47.1%), from €3,644 to €5,360
- Depreciation +€1,071
up €1,071 (+4.9%), from €22,035 to €23,106
- Other operating charges -€1,053
down €1,053 (-29.1%), from €3,616 to €2,563
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,216,593 | €2,768,262 | +€551,669 | +24.9% |
| Fixed assets | 21/28 | €1,184,063 | €574,174 | -€609,889 | -51.5% |
| Tangible fixed assets | 22/27 | €597,279 | €574,174 | -€23,106 | -3.9% |
| Land and buildings | 22 | €597,279 | €574,174 | -€23,106 | -3.9% |
| Financial fixed assets | 28 | €586,783 | - | -€586,783 | |
| Current assets | 29/58 | €1,032,530 | €2,194,088 | +€1.2m | +112% |
| Amounts receivable after more than one year | 29 | - | €160,000 | +€160,000 | |
| Other amounts receivable | 291 | - | €160,000 | +€160,000 | |
| Amounts receivable within one year | 40/41 | €2,195 | €646,732 | +€644,537 | +29,358% |
| Trade receivables | 40 | - | €585,000 | +€585,000 | |
| Other amounts receivable | 41 | €2,195 | €61,732 | +€59,537 | +2,712% |
| Current investments | 50/53 | €998,860 | €1,386,069 | +€387,208 | +38.8% |
| Cash at bank and in hand | 54/58 | €31,474 | €1,287 | -€30,187 | -95.9% |
| Total equity and liabilities | 10/49 | €2,216,593 | €2,768,262 | +€551,669 | +24.9% |
| Equity | 10/15 | €1,927,546 | €2,426,188 | +€498,642 | +25.9% |
| Contributions | 10/11 | €523,000 | €523,000 | = | 0.0% |
| Reserves | 13 | €1,404,546 | €1,903,188 | +€498,642 | +35.5% |
| Distributable reserves | 133 | €1,404,546 | €1,903,188 | +€498,642 | +35.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €289,047 | €342,074 | +€53,027 | +18.3% |
| Amounts payable after more than one year | 17 | €201,649 | €182,914 | -€18,736 | -9.3% |
| Financial debts | 170/4 | €201,649 | €182,914 | -€18,736 | -9.3% |
| Amounts payable within one year | 42/48 | €87,397 | €159,160 | +€71,763 | +82.1% |
| Current portion of amounts payable after more than one year | 42 | €18,472 | €18,736 | +€264 | +1.4% |
| Trade debts | 44 | €968 | €0 | -€968 | -100% |
| Suppliers | 440/4 | €968 | €0 | -€968 | -100% |
| Taxes, remuneration and social security | 45 | €67,958 | €140,425 | +€72,467 | +107% |
| Taxes | 450/3 | €67,958 | €140,425 | +€72,467 | +107% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,035 | €23,106 | +€1,071 | +4.9% |
| Other operating charges | 640/8 | €3,616 | €2,563 | -€1,053 | -29.1% |
| Gross operating margin | 9900 | -€7,026 | -€6,301 | +€725 | +10.3% |
| Operating profit (loss) | 9901 | -€32,676 | -€31,970 | +€706 | +2.2% |
| Financial income | 75/76B | €808,307 | €834,824 | +€26,517 | +3.3% |
| Recurring financial income | 75 | €808,307 | €834,824 | +€26,517 | +3.3% |
| Financial charges | 65/66B | €3,644 | €5,360 | +€1,716 | +47.1% |
| Recurring financial charges | 65 | €3,644 | €5,360 | +€1,716 | +47.1% |
| Profit (loss) for the period before taxes | 9903 | €771,987 | €797,494 | +€25,507 | +3.3% |
| Income taxes | 67/77 | €70,181 | €78,177 | +€7,997 | +11.4% |
| Profit (loss) for the period | 9904 | €701,806 | €719,317 | +€17,510 | +2.5% |
| Profit (loss) for the period to be appropriated | 9905 | €701,806 | €719,317 | +€17,510 | +2.5% |
Next steps
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 5 November 2026 via checked.be.