MIGNON JOHAN: 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.
MIGNON JOHAN
Largest movements
- Tangible fixed assets -€38,593
down €38,593 (-13.8%), from €279,446 to €240,853
of which Furniture and vehicles: -€40,475
- Cash +€27,104
up €27,104 (+21.0%), from €129,287 to €156,391
mainly Depreciation (+€40,910) and Other debts (+€29,480)
- Stocks and contracts -€15,242
down €15,242 (-79.5%), from €19,162 to €3,920
- Receivables within one year -€5,179
down €5,179 (-8.3%), from €62,225 to €57,045
of which Other amounts receivable: -€23,816
- Debts after one year -€33,108
down €33,108 (-17.6%), from €188,050 to €154,943
- Other debts +€29,480
new in 2025: €29,480
- Reserves -€25,606
down €25,606 (-27.8%), from €92,254 to €66,648
of which Distributable reserves: -€25,606
- Tax, wage and social debts +€6,459
up €6,459 (+19,485%), from €33 to €6,493
- Gross operating margin -€8,542
down €8,542 (-13.2%), from €64,882 to €56,340
- Depreciation -€2,037
down €2,037 (-4.7%), from €42,947 to €40,910
- Other operating charges -€1,272
down €1,272 (-38.8%), from €3,276 to €2,005
- Financial charges +€936
up €936 (+10.1%), from €9,226 to €10,162
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 | €497,340 | €468,524 | -€28,817 | -5.8% |
| Fixed assets | 21/28 | €279,671 | €241,078 | -€38,593 | -13.8% |
| Tangible fixed assets | 22/27 | €279,446 | €240,853 | -€38,593 | -13.8% |
| Plant, machinery and equipment | 23 | €663 | €2,715 | +€2,052 | +310% |
| Furniture and vehicles | 24 | €278,099 | €237,624 | -€40,475 | -14.6% |
| Other tangible fixed assets | 26 | €684 | €513 | -€171 | -25.0% |
| Financial fixed assets | 28 | €225 | €225 | = | 0.0% |
| Current assets | 29/58 | €217,669 | €227,446 | +€9,777 | +4.5% |
| Stocks and contracts in progress | 3 | €19,162 | €3,920 | -€15,242 | -79.5% |
| Contracts in progress | 37 | €19,162 | €3,920 | -€15,242 | -79.5% |
| Amounts receivable within one year | 40/41 | €62,225 | €57,045 | -€5,179 | -8.3% |
| Trade receivables | 40 | €2,732 | €21,368 | +€18,636 | +682% |
| Other amounts receivable | 41 | €59,493 | €35,677 | -€23,816 | -40.0% |
| Cash at bank and in hand | 54/58 | €129,287 | €156,391 | +€27,104 | +21.0% |
| Deferred charges and accrued income | 490/1 | €6,996 | €10,091 | +€3,095 | +44.2% |
| Total equity and liabilities | 10/49 | €497,340 | €468,524 | -€28,817 | -5.8% |
| Equity | 10/15 | €258,272 | €232,666 | -€25,606 | -9.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €92,254 | €66,648 | -€25,606 | -27.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €90,394 | €64,788 | -€25,606 | -28.3% |
| Profit (loss) carried forward | 14 | €147,418 | €147,418 | = | 0.0% |
| Amounts payable | 17/49 | €239,068 | €235,858 | -€3,210 | -1.3% |
| Amounts payable after more than one year | 17 | €188,050 | €154,943 | -€33,108 | -17.6% |
| Financial debts | 170/4 | €188,050 | €154,943 | -€33,108 | -17.6% |
| Amounts payable within one year | 42/48 | €51,018 | €80,915 | +€29,897 | +58.6% |
| Current portion of amounts payable after more than one year | 42 | €39,245 | €37,678 | -€1,567 | -4.0% |
| Trade debts | 44 | €11,740 | €7,265 | -€4,475 | -38.1% |
| Suppliers | 440/4 | €11,740 | €7,265 | -€4,475 | -38.1% |
| Taxes, remuneration and social security | 45 | €33 | €6,493 | +€6,459 | +19,485% |
| Taxes | 450/3 | €33 | €6,493 | +€6,459 | +19,485% |
| Other amounts payable | 47/48 | - | €29,480 | +€29,480 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,947 | €40,910 | -€2,037 | -4.7% |
| Other operating charges | 640/8 | €3,276 | €2,005 | -€1,272 | -38.8% |
| Gross operating margin | 9900 | €64,882 | €56,340 | -€8,542 | -13.2% |
| Operating profit (loss) | 9901 | €18,659 | €13,426 | -€5,233 | -28.0% |
| Financial income | 75/76B | €947 | €1,266 | +€318 | +33.6% |
| Recurring financial income | 75 | €947 | €1,266 | +€318 | +33.6% |
| Financial charges | 65/66B | €9,226 | €10,162 | +€936 | +10.1% |
| Recurring financial charges | 65 | €9,226 | €10,162 | +€936 | +10.1% |
| Profit (loss) for the period before taxes | 9903 | €10,380 | €4,529 | -€5,851 | -56.4% |
| Income taxes | 67/77 | €1,167 | €656 | -€511 | -43.8% |
| Profit (loss) for the period | 9904 | €9,213 | €3,874 | -€5,339 | -58.0% |
| Profit (loss) for the period to be appropriated | 9905 | €9,213 | €3,874 | -€5,339 | -58.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.