MJ Cardio: 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.
MJ Cardio
Largest movements
- Cash +€29,598
up €29,598 (+32.9%), from €89,865 to €119,463
mainly Other debts (+€161,403) and Net result for the year (+€54,149)
- Current investments +€4,013
up €4,013 (+124%), from €3,236 to €7,249
- Other debts +€161,403
up €161,403 (+654%), from €24,691 to €186,094
- Profit (loss) carried forward -€124,313
down €124,313 (-100%), from €124,313 to €0
- Debts after one year -€8,870
down €8,870 (-18.0%), from €49,279 to €40,409
- Gross operating margin +€6,430
up €6,430 (+9.0%), from €71,375 to €77,805
- Taxes +€2,291
up €2,291 (+13.5%), from €16,996 to €19,287
- Depreciation -€1,122
down €1,122 (-41.6%), from €2,697 to €1,575
- Financial charges -€1,014
down €1,014 (-33.8%), from €2,998 to €1,984
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 | €235,180 | €263,434 | +€28,255 | +12.0% |
| Fixed assets | 21/28 | €110,234 | €108,659 | -€1,575 | -1.4% |
| Tangible fixed assets | 22/27 | €2,734 | €1,159 | -€1,575 | -57.6% |
| Plant, machinery and equipment | 23 | €2,027 | €1,159 | -€868 | -42.8% |
| Furniture and vehicles | 24 | €706 | €0 | -€706 | -100% |
| Financial fixed assets | 28 | €107,500 | €107,500 | = | 0.0% |
| Current assets | 29/58 | €124,946 | €154,775 | +€29,829 | +23.9% |
| Amounts receivable within one year | 40/41 | €25,303 | €24,012 | -€1,291 | -5.1% |
| Other amounts receivable | 41 | €25,303 | €24,012 | -€1,291 | -5.1% |
| Current investments | 50/53 | €3,236 | €7,249 | +€4,013 | +124% |
| Cash at bank and in hand | 54/58 | €89,865 | €119,463 | +€29,598 | +32.9% |
| Deferred charges and accrued income | 490/1 | €6,542 | €4,051 | -€2,491 | -38.1% |
| Total equity and liabilities | 10/49 | €235,180 | €263,434 | +€28,255 | +12.0% |
| Equity | 10/15 | €144,773 | €20,460 | -€124,313 | -85.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €124,313 | €0 | -€124,313 | -100% |
| Amounts payable | 17/49 | €90,407 | €242,974 | +€152,567 | +169% |
| Amounts payable after more than one year | 17 | €49,279 | €40,409 | -€8,870 | -18.0% |
| Financial debts | 170/4 | €49,279 | €40,409 | -€8,870 | -18.0% |
| Amounts payable within one year | 42/48 | €40,609 | €202,120 | +€161,511 | +398% |
| Current portion of amounts payable after more than one year | 42 | €8,912 | €8,870 | -€42 | -0.5% |
| Trade debts | 44 | €2,638 | €1,469 | -€1,169 | -44.3% |
| Suppliers | 440/4 | €2,638 | €1,469 | -€1,169 | -44.3% |
| Taxes, remuneration and social security | 45 | €4,369 | €5,688 | +€1,319 | +30.2% |
| Taxes | 450/3 | €4,369 | €5,688 | +€1,319 | +30.2% |
| Other amounts payable | 47/48 | €24,691 | €186,094 | +€161,403 | +654% |
| Accrued charges and deferred income | 492/3 | €519 | €445 | -€74 | -14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,697 | €1,575 | -€1,122 | -41.6% |
| Other operating charges | 640/8 | €1,265 | €811 | -€453 | -35.8% |
| Gross operating margin | 9900 | €71,375 | €77,805 | +€6,430 | +9.0% |
| Operating profit (loss) | 9901 | €67,414 | €75,419 | +€8,006 | +11.9% |
| Financial income | 75/76B | €694 | €0 | -€694 | -100% |
| Recurring financial income | 75 | €694 | €0 | -€694 | -100% |
| Financial charges | 65/66B | €2,998 | €1,984 | -€1,014 | -33.8% |
| Recurring financial charges | 65 | €2,998 | €1,984 | -€1,014 | -33.8% |
| Profit (loss) for the period before taxes | 9903 | €65,109 | €73,435 | +€8,326 | +12.8% |
| Income taxes | 67/77 | €16,996 | €19,287 | +€2,291 | +13.5% |
| Profit (loss) for the period | 9904 | €48,114 | €54,149 | +€6,035 | +12.5% |
| Profit (loss) for the period to be appropriated | 9905 | €48,114 | €54,149 | +€6,035 | +12.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.