M.J. SERVICE: 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. SERVICE
Largest movements
- Tangible fixed assets -€35,888
down €35,888 (-5.6%), from €640,670 to €604,782
of which Land and buildings: -€23,544
- Debts after one year -€30,918
down €30,918 (-14.7%), from €210,493 to €179,575
- Profit (loss) carried forward -€21,163
down €21,163 (-24.3%), from -€86,914 to -€108,077
- Other debts +€18,114
up €18,114 (+5.6%), from €324,195 to €342,309
- Gross operating margin -€23,991
down €23,991 (-47.2%), from €50,776 to €26,785
- Depreciation +€1,754
up €1,754 (+5.1%), from €34,134 to €35,888
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 | €663,902 | €626,717 | -€37,185 | -5.6% |
| Fixed assets | 21/28 | €640,670 | €604,782 | -€35,888 | -5.6% |
| Tangible fixed assets | 22/27 | €640,670 | €604,782 | -€35,888 | -5.6% |
| Land and buildings | 22 | €589,539 | €565,995 | -€23,544 | -4.0% |
| Furniture and vehicles | 24 | €51,130 | €38,786 | -€12,344 | -24.1% |
| Current assets | 29/58 | €23,233 | €21,935 | -€1,297 | -5.6% |
| Cash at bank and in hand | 54/58 | €22,503 | €21,100 | -€1,403 | -6.2% |
| Deferred charges and accrued income | 490/1 | €730 | €835 | +€105 | +14.5% |
| Total equity and liabilities | 10/49 | €663,902 | €626,717 | -€37,185 | -5.6% |
| Equity | 10/15 | €101,803 | €78,990 | -€22,813 | -22.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €170,125 | €168,475 | -€1,650 | -1.0% |
| Tax-exempt reserves | 132 | €34,569 | €32,919 | -€1,650 | -4.8% |
| Distributable reserves | 133 | €135,557 | €135,557 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€86,914 | -€108,077 | -€21,163 | -24.3% |
| Provisions and deferred taxes | 16 | €8,642 | €8,230 | -€413 | -4.8% |
| Deferred taxes | 168 | €8,642 | €8,230 | -€413 | -4.8% |
| Amounts payable | 17/49 | €553,457 | €539,497 | -€13,960 | -2.5% |
| Amounts payable after more than one year | 17 | €210,493 | €179,575 | -€30,918 | -14.7% |
| Financial debts | 170/4 | €210,493 | €179,575 | -€30,918 | -14.7% |
| Amounts payable within one year | 42/48 | €337,948 | €355,162 | +€17,214 | +5.1% |
| Current portion of amounts payable after more than one year | 42 | €12,290 | €11,221 | -€1,069 | -8.7% |
| Trade debts | 44 | €956 | €1,130 | +€174 | +18.2% |
| Suppliers | 440/4 | €956 | €1,130 | +€174 | +18.2% |
| Taxes, remuneration and social security | 45 | €507 | €503 | -€5 | -0.9% |
| Taxes | 450/3 | €507 | €503 | -€5 | -0.9% |
| Other amounts payable | 47/48 | €324,195 | €342,309 | +€18,114 | +5.6% |
| Accrued charges and deferred income | 492/3 | €5,016 | €4,760 | -€255 | -5.1% |
| Non-recurring operating income | 76A | €22,500 | - | -€22,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,134 | €35,888 | +€1,754 | +5.1% |
| Other operating charges | 640/8 | €5,239 | €5,195 | -€44 | -0.8% |
| Gross operating margin | 9900 | €50,776 | €26,785 | -€23,991 | -47.2% |
| Operating profit (loss) | 9901 | €11,403 | -€14,298 | -€25,701 | |
| Financial income | 75/76B | €15 | €18 | +€2 | +15.2% |
| Recurring financial income | 75 | €15 | €18 | +€2 | +15.2% |
| Financial charges | 65/66B | €8,291 | €8,072 | -€219 | -2.6% |
| Recurring financial charges | 65 | €8,291 | €8,072 | -€219 | -2.6% |
| Profit (loss) for the period before taxes | 9903 | €3,127 | -€22,352 | -€25,479 | |
| Transfer from deferred taxes | 780 | €413 | €413 | = | 0.0% |
| Income taxes | 67/77 | €494 | €873 | +€379 | +76.8% |
| Profit (loss) for the period | 9904 | €3,046 | -€22,813 | -€25,859 | |
| Transfer from tax-exempt reserves | 789 | €1,650 | €1,650 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,696 | -€21,163 | -€25,859 |
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 28 October 2026 via checked.be.