MJ CHAUFFAGE: 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 CHAUFFAGE
Largest movements
- Cash +€75,565
up €75,565 (+60.1%), from €125,784 to €201,350
mainly Net result for the year (+€45,072) and Tax, wage and social debts (+€15,723)
- Stocks and contracts -€11,652
down €11,652 (-85.2%), from €13,676 to €2,024
- Receivables within one year -€10,053
down €10,053 (-77.1%), from €13,036 to €2,983
of which Trade receivables: -€8,063
- Tangible fixed assets -€6,341
down €6,341 (-83.0%), from €7,641 to €1,300
of which Furniture and vehicles: -€6,101
- Profit (loss) carried forward +€45,072
up €45,072 (+50.9%), from €88,547 to €133,619
- Tax, wage and social debts +€15,723
up €15,723 (+286%), from €5,503 to €21,226
- Accrued charges and deferred income -€8,274
down €8,274 (-62.1%), from €13,315 to €5,041
- Current portion of long-term debt -€3,608
down €3,608 (-74.9%), from €4,820 to €1,212
- Gross operating margin +€34,226
up €34,226 (+115%), from €29,722 to €63,948
- Taxes +€8,845
up €8,845 (+152%), from €5,832 to €14,677
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 | €170,327 | €217,834 | +€47,507 | +27.9% |
| Fixed assets | 21/28 | €7,641 | €1,300 | -€6,341 | -83.0% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €7,641 | €1,300 | -€6,341 | -83.0% |
| Plant, machinery and equipment | 23 | €520 | €280 | -€240 | -46.1% |
| Furniture and vehicles | 24 | €7,121 | €1,020 | -€6,101 | -85.7% |
| Current assets | 29/58 | €162,686 | €216,535 | +€53,849 | +33.1% |
| Stocks and contracts in progress | 3 | €13,676 | €2,024 | -€11,652 | -85.2% |
| Stocks | 30/36 | €13,676 | €2,024 | -€11,652 | -85.2% |
| Amounts receivable within one year | 40/41 | €13,036 | €2,983 | -€10,053 | -77.1% |
| Trade receivables | 40 | €11,046 | €2,983 | -€8,063 | -73.0% |
| Other amounts receivable | 41 | €1,990 | - | -€1,990 | |
| Cash at bank and in hand | 54/58 | €125,784 | €201,350 | +€75,565 | +60.1% |
| Deferred charges and accrued income | 490/1 | €10,189 | €10,178 | -€11 | -0.1% |
| Total equity and liabilities | 10/49 | €170,327 | €217,834 | +€47,507 | +27.9% |
| Equity | 10/15 | €136,547 | €181,619 | +€45,072 | +33.0% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Contributions outside capital | 11 | - | €30,000 | +€30,000 | |
| Other | 1109/19 | - | €30,000 | +€30,000 | |
| Reserves | 13 | €18,000 | €18,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Distributable reserves | 133 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €88,547 | €133,619 | +€45,072 | +50.9% |
| Amounts payable | 17/49 | €33,780 | €36,215 | +€2,435 | +7.2% |
| Amounts payable after more than one year | 17 | €1,212 | - | -€1,212 | |
| Financial debts | 170/4 | €1,212 | - | -€1,212 | |
| Amounts payable within one year | 42/48 | €19,253 | €31,174 | +€11,921 | +61.9% |
| Current portion of amounts payable after more than one year | 42 | €4,820 | €1,212 | -€3,608 | -74.9% |
| Trade debts | 44 | €2,080 | €1,098 | -€982 | -47.2% |
| Suppliers | 440/4 | €2,080 | €1,098 | -€982 | -47.2% |
| Taxes, remuneration and social security | 45 | €5,503 | €21,226 | +€15,723 | +286% |
| Taxes | 450/3 | €5,503 | €21,226 | +€15,723 | +286% |
| Other amounts payable | 47/48 | €6,851 | €7,639 | +€788 | +11.5% |
| Accrued charges and deferred income | 492/3 | €13,315 | €5,041 | -€8,274 | -62.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,341 | €6,341 | -€0 | 0.0% |
| Other operating charges | 640/8 | €455 | €540 | +€85 | +18.6% |
| Gross operating margin | 9900 | €29,722 | €63,948 | +€34,226 | +115% |
| Operating profit (loss) | 9901 | €22,925 | €57,066 | +€34,141 | +149% |
| Financial income | 75/76B | €2,378 | €2,784 | +€406 | +17.1% |
| Recurring financial income | 75 | €2,378 | €2,784 | +€406 | +17.1% |
| Financial charges | 65/66B | €161 | €102 | -€59 | -36.9% |
| Recurring financial charges | 65 | €161 | €102 | -€59 | -36.9% |
| Profit (loss) for the period before taxes | 9903 | €25,142 | €59,749 | +€34,607 | +138% |
| Income taxes | 67/77 | €5,832 | €14,677 | +€8,845 | +152% |
| Profit (loss) for the period | 9904 | €19,310 | €45,072 | +€25,762 | +133% |
| Profit (loss) for the period to be appropriated | 9905 | €19,310 | €45,072 | +€25,762 | +133% |
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 30 October 2026 via checked.be.