MICHAEL LEJEUNE MANAGEMENT: what changed
MICHAEL LEJEUNE MANAGEMENT
Largest movements
- Cash +€35,050
up €35,050 (+133%), from €26,270 to €61,320
mainly Other debts (+€105,564) and Net result for the year (+€81,103)
- Tangible fixed assets -€24,013
down €24,013 (-7.2%), from €332,384 to €308,371
of which Furniture and vehicles: -€13,429
- Receivables within one year -€10,000
down €10,000 (-9.1%), from €110,000 to €100,000
of which Other amounts receivable: -€10,000
- Reserves -€108,446
no longer reported in 2025 (was €108,446)
- Other debts +€105,564
up €105,564 (+110%), from €96,385 to €201,950
- Tax, wage and social debts +€18,701
up €18,701 (+318%), from €5,879 to €24,580
- Debts after one year -€14,822
down €14,822 (-6.2%), from €237,985 to €223,163
- Gross operating margin +€43,882
up €43,882 (+51.9%), from €84,496 to €128,378
- Taxes +€1,992
up €1,992 (+10.0%), from €19,888 to €21,880
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 | €468,654 | €469,691 | +€1,037 | +0.2% |
| Fixed assets | 21/28 | €332,384 | €308,371 | -€24,013 | -7.2% |
| Tangible fixed assets | 22/27 | €332,384 | €308,371 | -€24,013 | -7.2% |
| Land and buildings | 22 | €302,215 | €291,631 | -€10,585 | -3.5% |
| Furniture and vehicles | 24 | €30,169 | €16,740 | -€13,429 | -44.5% |
| Current assets | 29/58 | €136,270 | €161,320 | +€25,050 | +18.4% |
| Amounts receivable within one year | 40/41 | €110,000 | €100,000 | -€10,000 | -9.1% |
| Trade receivables | 40 | - | €0 | +€0 | |
| Other amounts receivable | 41 | €110,000 | €100,000 | -€10,000 | -9.1% |
| Cash at bank and in hand | 54/58 | €26,270 | €61,320 | +€35,050 | +133% |
| Total equity and liabilities | 10/49 | €468,654 | €469,691 | +€1,037 | +0.2% |
| Equity | 10/15 | €113,446 | €5,000 | -€108,446 | -95.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €108,446 | - | -€108,446 | |
| Distributable reserves | 133 | €108,446 | - | -€108,446 | |
| Amounts payable | 17/49 | €355,208 | €464,691 | +€109,483 | +30.8% |
| Amounts payable after more than one year | 17 | €237,985 | €223,163 | -€14,822 | -6.2% |
| Financial debts | 170/4 | €237,985 | €223,163 | -€14,822 | -6.2% |
| Amounts payable within one year | 42/48 | €117,223 | €241,528 | +€124,305 | +106% |
| Current portion of amounts payable after more than one year | 42 | €14,681 | €14,822 | +€142 | +1.0% |
| Trade debts | 44 | €278 | €176 | -€102 | -36.5% |
| Suppliers | 440/4 | €278 | €176 | -€102 | -36.5% |
| Taxes, remuneration and social security | 45 | €5,879 | €24,580 | +€18,701 | +318% |
| Taxes | 450/3 | €5,879 | €24,580 | +€18,701 | +318% |
| Other amounts payable | 47/48 | €96,385 | €201,950 | +€105,564 | +110% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,161 | €24,013 | -€148 | -0.6% |
| Other operating charges | 640/8 | €1,247 | €1,338 | +€91 | +7.3% |
| Gross operating margin | 9900 | €84,496 | €128,378 | +€43,882 | +51.9% |
| Operating profit (loss) | 9901 | €59,087 | €103,027 | +€43,940 | +74.4% |
| Financial income | 75/76B | €2,600 | €2,600 | = | 0.0% |
| Recurring financial income | 75 | €2,600 | €2,600 | = | 0.0% |
| Financial charges | 65/66B | €2,813 | €2,643 | -€170 | -6.0% |
| Recurring financial charges | 65 | €2,813 | €2,643 | -€170 | -6.0% |
| Profit (loss) for the period before taxes | 9903 | €58,874 | €102,983 | +€44,110 | +74.9% |
| Income taxes | 67/77 | €19,888 | €21,880 | +€1,992 | +10.0% |
| Profit (loss) for the period | 9904 | €38,985 | €81,103 | +€42,118 | +108% |
| Profit (loss) for the period to be appropriated | 9905 | €38,985 | €81,103 | +€42,118 | +108% |
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 4 November 2026 via checked.be.