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
- Tangible fixed assets -€42,615
down €42,615 (-90.0%), from €47,375 to €4,760
of which Plant, machinery and equipment: -€41,215
- Cash +€23,135
up €23,135 (+357%), from €6,479 to €29,614
mainly Investment in fixed assets (net) (+€37,097) and Trade debts (+€5,544)
- Receivables within one year +€3,703
up €3,703 (+95.5%), from €3,877 to €7,580
of which Trade receivables: +€3,764
- Other debts -€23,072
down €23,072 (-51.5%), from €44,780 to €21,708
- Trade debts +€5,544
up €5,544 (+131%), from €4,216 to €9,760
- Tax, wage and social debts +€2,718
up €2,718 (+62.9%), from €4,318 to €7,036
- Profit (loss) carried forward -€1,290
down €1,290 (-19.3%), from €6,690 to €5,401
- Other operating charges +€7,238
up €7,238 (+1,341%), from €540 to €7,778
- Gross operating margin -€3,637
down €3,637 (-21.7%), from €16,753 to €13,116
- Taxes -€2,808
no longer reported in 2025 (was €2,808)
- Financial charges -€980
down €980 (-46.9%), from €2,090 to €1,110
- Depreciation +€893
up €893 (+19.3%), from €4,625 to €5,518
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 | €60,604 | €44,504 | -€16,100 | -26.6% |
| Fixed assets | 21/28 | €49,925 | €7,310 | -€42,615 | -85.4% |
| Tangible fixed assets | 22/27 | €47,375 | €4,760 | -€42,615 | -90.0% |
| Plant, machinery and equipment | 23 | €41,215 | - | -€41,215 | |
| Furniture and vehicles | 24 | €6,160 | €4,760 | -€1,400 | -22.7% |
| Financial fixed assets | 28 | €2,550 | €2,550 | = | 0.0% |
| Current assets | 29/58 | €10,679 | €37,194 | +€26,515 | +248% |
| Stocks and contracts in progress | 3 | €323 | - | -€323 | |
| Contracts in progress | 37 | €323 | - | -€323 | |
| Amounts receivable within one year | 40/41 | €3,877 | €7,580 | +€3,703 | +95.5% |
| Trade receivables | 40 | €3,816 | €7,580 | +€3,764 | +98.6% |
| Other amounts receivable | 41 | €61 | - | -€61 | |
| Cash at bank and in hand | 54/58 | €6,479 | €29,614 | +€23,135 | +357% |
| Total equity and liabilities | 10/49 | €60,604 | €44,504 | -€16,100 | -26.6% |
| Equity | 10/15 | €7,290 | €6,001 | -€1,290 | -17.7% |
| Contributions | 10/11 | €600 | €600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,690 | €5,401 | -€1,290 | -19.3% |
| Amounts payable | 17/49 | €53,314 | €38,504 | -€14,810 | -27.8% |
| Amounts payable within one year | 42/48 | €53,314 | €38,504 | -€14,810 | -27.8% |
| Trade debts | 44 | €4,216 | €9,760 | +€5,544 | +131% |
| Suppliers | 440/4 | €4,216 | €9,760 | +€5,544 | +131% |
| Taxes, remuneration and social security | 45 | €4,318 | €7,036 | +€2,718 | +62.9% |
| Taxes | 450/3 | €4,318 | €7,036 | +€2,718 | +62.9% |
| Other amounts payable | 47/48 | €44,780 | €21,708 | -€23,072 | -51.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,625 | €5,518 | +€893 | +19.3% |
| Other operating charges | 640/8 | €540 | €7,778 | +€7,238 | +1,341% |
| Gross operating margin | 9900 | €16,753 | €13,116 | -€3,637 | -21.7% |
| Operating profit (loss) | 9901 | €11,588 | -€180 | -€11,768 | |
| Financial charges | 65/66B | €2,090 | €1,110 | -€980 | -46.9% |
| Recurring financial charges | 65 | €2,090 | €1,110 | -€980 | -46.9% |
| Profit (loss) for the period before taxes | 9903 | €9,498 | -€1,290 | -€10,788 | |
| Income taxes | 67/77 | €2,808 | - | -€2,808 | |
| Profit (loss) for the period | 9904 | €6,690 | -€1,290 | -€7,980 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,690 | -€1,290 | -€7,980 |
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 15 October 2026 via checked.be.