MHJ DESIGN: 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.
MHJ DESIGN
Largest movements
- Cash -€45,807
down €45,807 (-25.0%), from €183,418 to €137,611
mainly Contributions, distributions and other (-€171,221) and Investment in fixed assets (net) (-€26,088)
- Tangible fixed assets +€20,880
up €20,880 (+17,262%), from €121 to €21,001
- Receivables within one year +€10,652
up €10,652 (+34.3%), from €31,076 to €41,728
of which Other amounts receivable: +€15,557
- Profit (loss) carried forward -€121,350
no longer reported in 2025 (was €121,350)
- Other debts +€108,721
up €108,721 (+174%), from €62,500 to €171,221
- Trade debts -€2,990
down €2,990 (-86.9%), from €3,439 to €449
- Gross operating margin -€25,078
down €25,078 (-23.7%), from €105,849 to €80,772
- Taxes -€4,046
down €4,046 (-17.1%), from €23,673 to €19,627
- Depreciation +€4,046
up €4,046 (+348%), from €1,162 to €5,208
- Financial charges +€3,077
up €3,077 (+163%), from €1,886 to €4,962
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 | €215,538 | €201,960 | -€13,578 | -6.3% |
| Fixed assets | 21/28 | €121 | €21,001 | +€20,880 | +17,262% |
| Tangible fixed assets | 22/27 | €121 | €21,001 | +€20,880 | +17,262% |
| Furniture and vehicles | 24 | €121 | €21,001 | +€20,880 | +17,262% |
| Current assets | 29/58 | €215,417 | €180,959 | -€34,458 | -16.0% |
| Amounts receivable within one year | 40/41 | €31,076 | €41,728 | +€10,652 | +34.3% |
| Trade receivables | 40 | €17,913 | €13,008 | -€4,905 | -27.4% |
| Other amounts receivable | 41 | €13,163 | €28,720 | +€15,557 | +118% |
| Cash at bank and in hand | 54/58 | €183,418 | €137,611 | -€45,807 | -25.0% |
| Deferred charges and accrued income | 490/1 | €923 | €1,620 | +€697 | +75.5% |
| Total equity and liabilities | 10/49 | €215,538 | €201,960 | -€13,578 | -6.3% |
| Equity | 10/15 | €124,350 | €3,000 | -€121,350 | -97.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €121,350 | - | -€121,350 | |
| Amounts payable | 17/49 | €91,188 | €198,960 | +€107,772 | +118% |
| Amounts payable within one year | 42/48 | €91,188 | €198,960 | +€107,772 | +118% |
| Trade debts | 44 | €3,439 | €449 | -€2,990 | -86.9% |
| Suppliers | 440/4 | €3,439 | €449 | -€2,990 | -86.9% |
| Taxes, remuneration and social security | 45 | €25,248 | €27,289 | +€2,041 | +8.1% |
| Taxes | 450/3 | €25,088 | €25,035 | -€53 | -0.2% |
| Remuneration and social security | 454/9 | €160 | €2,254 | +€2,094 | +1,309% |
| Other amounts payable | 47/48 | €62,500 | €171,221 | +€108,721 | +174% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,162 | €5,208 | +€4,046 | +348% |
| Other operating charges | 640/8 | €899 | €1,103 | +€205 | +22.8% |
| Gross operating margin | 9900 | €105,849 | €80,772 | -€25,078 | -23.7% |
| Operating profit (loss) | 9901 | €103,789 | €74,461 | -€29,328 | -28.3% |
| Financial charges | 65/66B | €1,886 | €4,962 | +€3,077 | +163% |
| Recurring financial charges | 65 | €1,886 | €4,962 | +€3,077 | +163% |
| Profit (loss) for the period before taxes | 9903 | €101,903 | €69,498 | -€32,405 | -31.8% |
| Income taxes | 67/77 | €23,673 | €19,627 | -€4,046 | -17.1% |
| Profit (loss) for the period | 9904 | €78,230 | €49,871 | -€28,359 | -36.3% |
| Profit (loss) for the period to be appropriated | 9905 | €78,230 | €49,871 | -€28,359 | -36.3% |
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 20 October 2026 via checked.be.