MJ BUILDING: what changed
What changed
MJ BUILDING
NACE 68.121, Development of residential building projects
filed annual accounts (NBB)
Net result for the year
-€59,428
2024 · -€93,135+€33,707
Equity
€628,743
2024 · €688,171-€59,428
Cash
€4,646
2024 · €231,105-€226,459
Balance sheet total
€1.8m
2024 · €1.1m+€708,220
Largest movements
Assets
- Tangible fixed assets +€1.3m
up €1.3m (+316%), from €412,411 to €1.7m
of which Land and buildings: +€1.3m
- Stocks and contracts -€394,635
down €394,635 (-86.4%), from €456,580 to €61,945
of which Contracts in progress: -€394,635
- Cash -€226,459
down €226,459 (-98.0%), from €231,105 to €4,646
mainly Investment in fixed assets (net) (-€1.3m) and Net result for the year (-€59,428)
- Receivables within one year +€29,272
up €29,272 (+367%), from €7,977 to €37,249
Equity and liabilities
- Other debts +€620,959
up €620,959 (+208%), from €299,006 to €919,965
- Tax, wage and social debts +€146,109
up €146,109 (+25,741%), from €568 to €146,677
- Reserves -€59,428
down €59,428 (-15.5%), from €383,171 to €323,743
- Accrued charges and deferred income +€39,364
up €39,364 (+195%), from €20,211 to €59,575
- Trade debts -€21,692
down €21,692 (-88.1%), from €24,611 to €2,919
Income statement
- Gross operating margin +€54,882
up €54,882, from -€33,658 to €21,224
- Financial charges +€11,916
up €11,916 (+47.9%), from €24,876 to €36,792
- Depreciation +€9,094
up €9,094 (+31.0%), from €29,306 to €38,400
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.
Result 2024
-€93,135
Gross operating margin
+€54,882
Depreciation
-€9,094
Other operating charges
+€227
Financial income
-€272
Financial charges
-€11,916
Taxes
-€120
Result 2025
-€59,428
raises the resultlowers the result
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.
From operations
+€1.1m
Investment
-€1.3m
Financing
-€17,092
Cash 2024
€231,105
From operations (derived)
+€1.1m
Net result for the year
-€59,428
Depreciation
+€38,400
Stocks and contracts
+€394,635
Receivables within one year
-€29,272
Deferred charges and accrued income
+€1,383
Trade debts
-€21,692
Tax, wage and social debts
+€146,109
Other debts
+€620,959
Accrued charges and deferred income
+€39,364
Investment (derived)
-€1.3m
Investment in fixed assets (net)
-€1.3m
Financing
-€17,092
Debts after one year
-€18,039
Current portion of long-term debt
+€946
Cash 2025
€4,646
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,111,140 | €1,819,361 | +€708,220 | +63.7% |
| Fixed assets | 21/28 | €412,611 | €1,714,035 | +€1.3m | +315% |
| Tangible fixed assets | 22/27 | €412,411 | €1,713,835 | +€1.3m | +316% |
| Land and buildings | 22 | €327,955 | €1,650,424 | +€1.3m | +403% |
| Plant, machinery and equipment | 23 | €2,194 | €1,393 | -€801 | -36.5% |
| Furniture and vehicles | 24 | €5,744 | €3,755 | -€1,989 | -34.6% |
| Leasing and similar rights | 25 | €76,517 | €58,263 | -€18,254 | -23.9% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €698,530 | €105,325 | -€593,205 | -84.9% |
| Stocks and contracts in progress | 3 | €456,580 | €61,945 | -€394,635 | -86.4% |
| Stocks | 30/36 | €47,100 | €47,100 | = | 0.0% |
| Contracts in progress | 37 | €409,480 | €14,845 | -€394,635 | -96.4% |
| Amounts receivable within one year | 40/41 | €7,977 | €37,249 | +€29,272 | +367% |
| Other amounts receivable | 41 | €7,977 | €37,249 | +€29,272 | +367% |
| Cash at bank and in hand | 54/58 | €231,105 | €4,646 | -€226,459 | -98.0% |
| Deferred charges and accrued income | 490/1 | €2,868 | €1,486 | -€1,383 | -48.2% |
| Total equity and liabilities | 10/49 | €1,111,140 | €1,819,361 | +€708,220 | +63.7% |
| Equity | 10/15 | €688,171 | €628,743 | -€59,428 | -8.6% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Revaluation surpluses | 12 | €55,000 | €55,000 | = | 0.0% |
| Reserves | 13 | €383,171 | €323,743 | -€59,428 | -15.5% |
| Distributable reserves | 133 | €383,171 | €323,743 | -€59,428 | -15.5% |
| Amounts payable | 17/49 | €422,970 | €1,190,618 | +€767,648 | +181% |
| Amounts payable after more than one year | 17 | €61,481 | €43,443 | -€18,039 | -29.3% |
| Financial debts | 170/4 | €60,621 | €42,583 | -€18,039 | -29.8% |
| Other amounts payable | 178/9 | €860 | €860 | = | 0.0% |
| Amounts payable within one year | 42/48 | €341,277 | €1,087,599 | +€746,322 | +219% |
| Current portion of amounts payable after more than one year | 42 | €17,092 | €18,039 | +€946 | +5.5% |
| Trade debts | 44 | €24,611 | €2,919 | -€21,692 | -88.1% |
| Suppliers | 440/4 | €24,611 | €2,919 | -€21,692 | -88.1% |
| Taxes, remuneration and social security | 45 | €568 | €146,677 | +€146,109 | +25,741% |
| Taxes | 450/3 | €568 | €146,677 | +€146,109 | +25,741% |
| Other amounts payable | 47/48 | €299,006 | €919,965 | +€620,959 | +208% |
| Accrued charges and deferred income | 492/3 | €20,211 | €59,575 | +€39,364 | +195% |
| Non-recurring operating income | 76A | €16,305 | €3,575 | -€12,730 | -78.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,306 | €38,400 | +€9,094 | +31.0% |
| Other operating charges | 640/8 | €6,005 | €5,777 | -€227 | -3.8% |
| Gross operating margin | 9900 | -€33,658 | €21,224 | +€54,882 | |
| Operating profit (loss) | 9901 | -€68,969 | -€22,954 | +€46,015 | +66.7% |
| Financial income | 75/76B | €968 | €696 | -€272 | -28.1% |
| Recurring financial income | 75 | €968 | €696 | -€272 | -28.1% |
| Financial charges | 65/66B | €24,876 | €36,792 | +€11,916 | +47.9% |
| Recurring financial charges | 65 | €24,876 | €36,792 | +€11,916 | +47.9% |
| Profit (loss) for the period before taxes | 9903 | -€92,877 | -€59,050 | +€33,827 | +36.4% |
| Income taxes | 67/77 | €259 | €378 | +€120 | +46.3% |
| Profit (loss) for the period | 9904 | -€93,135 | -€59,428 | +€33,707 | +36.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€93,135 | -€59,428 | +€33,707 | +36.2% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.