MJ-Construct: 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-Construct
Largest movements
- Stocks and contracts +€79,945
up €79,945 (+1,749%), from €4,570 to €84,516
- Cash +€16,126
up €16,126 (+37.2%), from €43,316 to €59,442
mainly Other debts (+€53,066) and Net result for the year (+€33,275)
- Tangible fixed assets -€11,729
down €11,729 (-12.5%), from €93,605 to €81,876
- Receivables within one year -€8,742
down €8,742 (-9.7%), from €90,259 to €81,517
of which Other amounts receivable: -€9,423
- Other debts +€53,066
up €53,066 (+58.5%), from €90,683 to €143,749
- Reserves +€33,275
up €33,275 (+58.8%), from €56,605 to €89,880
- Tax, wage and social debts -€11,290
down €11,290 (-77.1%), from €14,646 to €3,357
of which Taxes: -€12,881
- Gross operating margin +€41,351
up €41,351 (+79.9%), from €51,739 to €93,091
- Staff costs +€13,387
up €13,387 (+437%), from €3,064 to €16,451
- Taxes +€9,114
up €9,114 (+133%), from €6,878 to €15,992
- Depreciation +€5,288
up €5,288 (+27.8%), from €19,014 to €24,302
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 | €234,597 | €309,893 | +€75,297 | +32.1% |
| Fixed assets | 21/28 | €93,605 | €81,876 | -€11,729 | -12.5% |
| Tangible fixed assets | 22/27 | €93,605 | €81,876 | -€11,729 | -12.5% |
| Furniture and vehicles | 24 | €93,605 | €81,876 | -€11,729 | -12.5% |
| Current assets | 29/58 | €140,992 | €228,017 | +€87,026 | +61.7% |
| Stocks and contracts in progress | 3 | €4,570 | €84,516 | +€79,945 | +1,749% |
| Stocks | 30/36 | €4,570 | €84,516 | +€79,945 | +1,749% |
| Amounts receivable within one year | 40/41 | €90,259 | €81,517 | -€8,742 | -9.7% |
| Trade receivables | 40 | €80,152 | €80,833 | +€681 | +0.8% |
| Other amounts receivable | 41 | €10,107 | €684 | -€9,423 | -93.2% |
| Cash at bank and in hand | 54/58 | €43,316 | €59,442 | +€16,126 | +37.2% |
| Deferred charges and accrued income | 490/1 | €2,846 | €2,542 | -€304 | -10.7% |
| Total equity and liabilities | 10/49 | €234,597 | €309,893 | +€75,297 | +32.1% |
| Equity | 10/15 | €61,605 | €94,880 | +€33,275 | +54.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €56,605 | €89,880 | +€33,275 | +58.8% |
| Distributable reserves | 133 | €56,605 | €89,880 | +€33,275 | +58.8% |
| Amounts payable | 17/49 | €172,991 | €215,013 | +€42,022 | +24.3% |
| Amounts payable after more than one year | 17 | €16,532 | €16,165 | -€367 | -2.2% |
| Financial debts | 170/4 | €16,532 | €16,165 | -€367 | -2.2% |
| Amounts payable within one year | 42/48 | €155,281 | €197,318 | +€42,036 | +27.1% |
| Current portion of amounts payable after more than one year | 42 | €5,377 | €7,384 | +€2,007 | +37.3% |
| Trade debts | 44 | €44,576 | €42,828 | -€1,748 | -3.9% |
| Suppliers | 440/4 | €44,576 | €42,828 | -€1,748 | -3.9% |
| Taxes, remuneration and social security | 45 | €14,646 | €3,357 | -€11,290 | -77.1% |
| Taxes | 450/3 | €14,373 | €1,492 | -€12,881 | -89.6% |
| Remuneration and social security | 454/9 | €273 | €1,865 | +€1,591 | +582% |
| Other amounts payable | 47/48 | €90,683 | €143,749 | +€53,066 | +58.5% |
| Accrued charges and deferred income | 492/3 | €1,178 | €1,530 | +€352 | +29.9% |
| Remuneration, social security and pensions | 62 | €3,064 | €16,451 | +€13,387 | +437% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,014 | €24,302 | +€5,288 | +27.8% |
| Other operating charges | 640/8 | €1,912 | €1,764 | -€148 | -7.7% |
| Gross operating margin | 9900 | €51,739 | €93,091 | +€41,351 | +79.9% |
| Operating profit (loss) | 9901 | €27,749 | €50,573 | +€22,824 | +82.3% |
| Financial income | 75/76B | €354 | €1 | -€353 | -99.7% |
| Recurring financial income | 75 | €354 | €1 | -€353 | -99.7% |
| Financial charges | 65/66B | €1,361 | €1,307 | -€54 | -4.0% |
| Recurring financial charges | 65 | €1,361 | €1,307 | -€54 | -4.0% |
| Profit (loss) for the period before taxes | 9903 | €26,742 | €49,267 | +€22,525 | +84.2% |
| Income taxes | 67/77 | €6,878 | €15,992 | +€9,114 | +133% |
| Profit (loss) for the period | 9904 | €19,865 | €33,275 | +€13,411 | +67.5% |
| Profit (loss) for the period to be appropriated | 9905 | €19,865 | €33,275 | +€13,411 | +67.5% |
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 16 October 2026 via checked.be.