MJ CYCLES: 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 CYCLES
Largest movements
- Receivables within one year -€23,392
down €23,392 (-24.1%), from €97,003 to €73,611
of which Trade receivables: -€19,762
- Tangible fixed assets -€21,372
down €21,372 (-3.2%), from €676,935 to €655,563
of which Land and buildings: -€24,419
- Other debts +€50,772
up €50,772 (+908%), from €5,595 to €56,367
- Reserves -€48,343
down €48,343 (-39.3%), from €123,005 to €74,662
of which Distributable reserves: -€48,343
- Advances received -€42,042
down €42,042 (-66.8%), from €62,940 to €20,898
- Trade debts -€30,632
down €30,632 (-19.7%), from €155,151 to €124,519
- Debts after one year +€16,583
up €16,583 (+2.7%), from €605,969 to €622,552
- Gross operating margin -€84,903
down €84,903 (-33.8%), from €251,417 to €166,514
- Staff costs -€62,475
down €62,475 (-42.0%), from €148,889 to €86,414
- Depreciation -€6,054
down €6,054 (-13.6%), from €44,392 to €38,338
- Taxes -€4,339
down €4,339 (-71.9%), from €6,037 to €1,698
- Financial charges +€3,086
up €3,086 (+7.5%), from €40,909 to €43,995
of which Non-recurring financial charges: +€1,913
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 | €1,446,716 | €1,389,430 | -€57,286 | -4.0% |
| Fixed assets | 21/28 | €676,985 | €655,613 | -€21,372 | -3.2% |
| Tangible fixed assets | 22/27 | €676,935 | €655,563 | -€21,372 | -3.2% |
| Land and buildings | 22 | €635,505 | €611,086 | -€24,419 | -3.8% |
| Plant, machinery and equipment | 23 | €31,674 | €28,970 | -€2,704 | -8.5% |
| Furniture and vehicles | 24 | €9,757 | €15,507 | +€5,751 | +58.9% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €769,731 | €733,817 | -€35,914 | -4.7% |
| Amounts receivable after more than one year | 29 | €21,000 | €21,000 | = | 0.0% |
| Other amounts receivable | 291 | €21,000 | €21,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €627,408 | €617,768 | -€9,640 | -1.5% |
| Stocks | 30/36 | €627,408 | €617,768 | -€9,640 | -1.5% |
| Amounts receivable within one year | 40/41 | €97,003 | €73,611 | -€23,392 | -24.1% |
| Trade receivables | 40 | €74,352 | €54,589 | -€19,762 | -26.6% |
| Other amounts receivable | 41 | €22,652 | €19,021 | -€3,630 | -16.0% |
| Current investments | 50/53 | €13,600 | €4,912 | -€8,689 | -63.9% |
| Cash at bank and in hand | 54/58 | €7,642 | €11,475 | +€3,833 | +50.2% |
| Deferred charges and accrued income | 490/1 | €3,078 | €5,052 | +€1,974 | +64.1% |
| Total equity and liabilities | 10/49 | €1,446,716 | €1,389,430 | -€57,286 | -4.0% |
| Equity | 10/15 | €281,125 | €232,313 | -€48,812 | -17.4% |
| Contributions | 10/11 | €98,600 | €98,600 | = | 0.0% |
| Reserves | 13 | €123,005 | €74,662 | -€48,343 | -39.3% |
| Non-distributable reserves | 130/1 | €1,064 | €1,064 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,064 | €1,064 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,679 | €10,679 | = | 0.0% |
| Distributable reserves | 133 | €111,262 | €62,919 | -€48,343 | -43.4% |
| Profit (loss) carried forward | 14 | €59,520 | €59,051 | -€470 | -0.8% |
| Amounts payable | 17/49 | €1,165,591 | €1,157,117 | -€8,474 | -0.7% |
| Amounts payable after more than one year | 17 | €605,969 | €622,552 | +€16,583 | +2.7% |
| Financial debts | 170/4 | €605,969 | €622,552 | +€16,583 | +2.7% |
| Amounts payable within one year | 42/48 | €556,422 | €534,566 | -€21,857 | -3.9% |
| Current portion of amounts payable after more than one year | 42 | €112,362 | €113,917 | +€1,554 | +1.4% |
| Financial debts | 43 | €175,000 | €175,000 | = | 0.0% |
| Credit institutions | 430/8 | €175,000 | €175,000 | = | 0.0% |
| Trade debts | 44 | €155,151 | €124,519 | -€30,632 | -19.7% |
| Suppliers | 440/4 | €155,151 | €124,519 | -€30,632 | -19.7% |
| Advances received on contracts in progress | 46 | €62,940 | €20,898 | -€42,042 | -66.8% |
| Taxes, remuneration and social security | 45 | €45,374 | €43,865 | -€1,509 | -3.3% |
| Taxes | 450/3 | €42,058 | €36,574 | -€5,483 | -13.0% |
| Remuneration and social security | 454/9 | €3,317 | €7,291 | +€3,974 | +120% |
| Other amounts payable | 47/48 | €5,595 | €56,367 | +€50,772 | +908% |
| Accrued charges and deferred income | 492/3 | €3,200 | - | -€3,200 | |
| Non-recurring operating income | 76A | €1,954 | €3,815 | +€1,861 | +95.2% |
| Remuneration, social security and pensions | 62 | €148,889 | €86,414 | -€62,475 | -42.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,392 | €38,338 | -€6,054 | -13.6% |
| Other operating charges | 640/8 | €5,332 | €5,771 | +€439 | +8.2% |
| Gross operating margin | 9900 | €251,417 | €166,514 | -€84,903 | -33.8% |
| Operating profit (loss) | 9901 | €52,804 | €35,991 | -€16,813 | -31.8% |
| Financial income | 75/76B | €8,145 | €9,232 | +€1,087 | +13.3% |
| Recurring financial income | 75 | €8,145 | €9,232 | +€1,087 | +13.3% |
| Financial charges | 65/66B | €40,909 | €43,995 | +€3,086 | +7.5% |
| Recurring financial charges | 65 | €40,722 | €41,895 | +€1,172 | +2.9% |
| Non-recurring financial charges | 66B | €187 | €2,100 | +€1,913 | +1,026% |
| Profit (loss) for the period before taxes | 9903 | €20,040 | €1,228 | -€18,812 | -93.9% |
| Income taxes | 67/77 | €6,037 | €1,698 | -€4,339 | -71.9% |
| Profit (loss) for the period | 9904 | €14,004 | -€470 | -€14,473 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,004 | -€470 | -€14,473 |
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.