MJ Construction & frères: 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 Construction & frères
Largest movements
- Receivables within one year -€123,041
down €123,041 (-73.7%), from €166,910 to €43,869
of which Trade receivables: -€113,120
- Cash +€75,698
up €75,698 (+89.0%), from €85,012 to €160,710
mainly Receivables within one year (+€123,041) and Depreciation (+€53,245)
- Intangible fixed assets -€33,500
down €33,500 (-11.1%), from €303,056 to €269,556
- Tangible fixed assets +€19,884
up €19,884 (+24.7%), from €80,392 to €100,277
of which Leasing and similar rights: +€25,980
- Deferred charges and accrued income +€13,415
new in 2025: €13,415
- Other debts -€107,704
down €107,704 (-27.7%), from €389,052 to €281,348
- Debts after one year +€46,279
up €46,279 (+59.4%), from €77,909 to €124,188
- Reserves +€36,000
up €36,000 (+81.8%), from €44,000 to €80,000
- Trade debts -€28,838
down €28,838 (-43.8%), from €65,822 to €36,984
- Current portion of long-term debt +€17,329
up €17,329 (+93.5%), from €18,542 to €35,871
- Gross operating margin +€154,946
up €154,946 (+63.8%), from €242,846 to €397,792
- Staff costs +€153,620
up €153,620 (+118%), from €130,351 to €283,971
- Other operating charges +€6,974
up €6,974 (+311%), from €2,239 to €9,213
- Financial charges +€4,192
up €4,192 (+279%), from €1,501 to €5,693
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 | €635,958 | €588,414 | -€47,545 | -7.5% |
| Fixed assets | 21/28 | €384,037 | €370,421 | -€13,616 | -3.5% |
| Intangible fixed assets | 21 | €303,056 | €269,556 | -€33,500 | -11.1% |
| Tangible fixed assets | 22/27 | €80,392 | €100,277 | +€19,884 | +24.7% |
| Plant, machinery and equipment | 23 | €6,070 | €22,184 | +€16,115 | +265% |
| Furniture and vehicles | 24 | €74,323 | €52,112 | -€22,211 | -29.9% |
| Leasing and similar rights | 25 | - | €25,980 | +€25,980 | |
| Financial fixed assets | 28 | €588 | €588 | = | 0.0% |
| Current assets | 29/58 | €251,922 | €217,993 | -€33,929 | -13.5% |
| Amounts receivable within one year | 40/41 | €166,910 | €43,869 | -€123,041 | -73.7% |
| Trade receivables | 40 | €151,959 | €38,839 | -€113,120 | -74.4% |
| Other amounts receivable | 41 | €14,951 | €5,029 | -€9,922 | -66.4% |
| Cash at bank and in hand | 54/58 | €85,012 | €160,710 | +€75,698 | +89.0% |
| Deferred charges and accrued income | 490/1 | - | €13,415 | +€13,415 | |
| Total equity and liabilities | 10/49 | €635,958 | €588,414 | -€47,545 | -7.5% |
| Equity | 10/15 | €49,907 | €85,283 | +€35,377 | +70.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €44,000 | €80,000 | +€36,000 | +81.8% |
| Distributable reserves | 133 | €44,000 | €80,000 | +€36,000 | +81.8% |
| Profit (loss) carried forward | 14 | €907 | €283 | -€623 | -68.7% |
| Amounts payable | 17/49 | €586,052 | €503,131 | -€82,921 | -14.1% |
| Amounts payable after more than one year | 17 | €77,909 | €124,188 | +€46,279 | +59.4% |
| Financial debts | 170/4 | €77,909 | €124,188 | +€46,279 | +59.4% |
| Amounts payable within one year | 42/48 | €506,321 | €378,942 | -€127,378 | -25.2% |
| Current portion of amounts payable after more than one year | 42 | €18,542 | €35,871 | +€17,329 | +93.5% |
| Trade debts | 44 | €65,822 | €36,984 | -€28,838 | -43.8% |
| Suppliers | 440/4 | €65,822 | €36,984 | -€28,838 | -43.8% |
| Taxes, remuneration and social security | 45 | €32,904 | €24,739 | -€8,165 | -24.8% |
| Taxes | 450/3 | €30,821 | €10,294 | -€20,528 | -66.6% |
| Remuneration and social security | 454/9 | €2,083 | €14,445 | +€12,362 | +594% |
| Other amounts payable | 47/48 | €389,052 | €281,348 | -€107,704 | -27.7% |
| Accrued charges and deferred income | 492/3 | €1,822 | €0 | -€1,822 | -100% |
| Remuneration, social security and pensions | 62 | €130,351 | €283,971 | +€153,620 | +118% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,026 | €53,245 | +€2,219 | +4.3% |
| Other operating charges | 640/8 | €2,239 | €9,213 | +€6,974 | +311% |
| Gross operating margin | 9900 | €242,846 | €397,792 | +€154,946 | +63.8% |
| Operating profit (loss) | 9901 | €59,229 | €51,363 | -€7,866 | -13.3% |
| Financial charges | 65/66B | €1,501 | €5,693 | +€4,192 | +279% |
| Recurring financial charges | 65 | €1,501 | €5,693 | +€4,192 | +279% |
| Profit (loss) for the period before taxes | 9903 | €57,728 | €45,670 | -€12,058 | -20.9% |
| Income taxes | 67/77 | €12,821 | €10,294 | -€2,528 | -19.7% |
| Profit (loss) for the period | 9904 | €44,907 | €35,377 | -€9,530 | -21.2% |
| Profit (loss) for the period to be appropriated | 9905 | €44,907 | €35,377 | -€9,530 | -21.2% |
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 28 October 2026 via checked.be.