MJ - Enterprise: what changed
What changed
MJ - Enterprise
NACE 43.240, Other construction installation
filed annual accounts (NBB)
Net result for the year
€54,453
2024 · €41,078+€13,375
Equity
€411,845
2024 · €357,392+€54,453
Cash
€141,393
2024 · €125,077+€16,316
Balance sheet total
€551,911
2024 · €522,213+€29,698
Largest movements
Assets
- Receivables within one year +€25,430
up €25,430 (+13.1%), from €194,041 to €219,471
of which Other amounts receivable: +€29,736
- Cash +€16,316
up €16,316 (+13.0%), from €125,077 to €141,393
mainly Net result for the year (+€54,453) and Depreciation (+€12,604)
- Tangible fixed assets -€12,047
down €12,047 (-6.0%), from €201,635 to €189,588
of which Land and buildings: -€8,539
Equity and liabilities
- Reserves +€54,453
up €54,453 (+15.5%), from €351,192 to €405,645
of which Distributable reserves: +€56,313
- Debts after one year -€16,094
down €16,094 (-19.1%), from €84,472 to €68,378
- Trade debts -€7,515
down €7,515 (-30.1%), from €24,964 to €17,448
- Current portion of long-term debt -€5,797
down €5,797 (-26.2%), from €22,105 to €16,308
Income statement
- Gross operating margin +€23,383
up €23,383 (+11.7%), from €199,900 to €223,283
- Staff costs +€7,033
up €7,033 (+5.4%), from €130,990 to €138,022
- Taxes +€5,686
up €5,686 (+35.4%), from €16,074 to €21,759
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€41,078
Gross operating margin
+€23,383
Staff costs
-€7,033
Depreciation
+€295
Other operating charges
-€708
Financial income
+€1,850
Financial charges
+€1,274
Taxes
-€5,686
Result 2025
€54,453
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€38,763
Investment
-€557
Financing
-€21,890
Cash 2024
€125,077
From operations (derived)
+€38,763
Net result for the year
+€54,453
Depreciation
+€12,604
Receivables within one year
-€25,430
Trade debts
-€7,515
Tax, wage and social debts
+€1,947
Accrued charges and deferred income
+€2,704
Investment (derived)
-€557
Investment in fixed assets (net)
-€557
Financing
-€21,890
Debts after one year
-€16,094
Current portion of long-term debt
-€5,797
Cash 2025
€141,393
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €522,213 | €551,911 | +€29,698 | +5.7% |
| Fixed assets | 21/28 | €202,685 | €190,638 | -€12,047 | -5.9% |
| Tangible fixed assets | 22/27 | €201,635 | €189,588 | -€12,047 | -6.0% |
| Land and buildings | 22 | €193,223 | €184,684 | -€8,539 | -4.4% |
| Plant, machinery and equipment | 23 | €338 | €131 | -€207 | -61.1% |
| Furniture and vehicles | 24 | €7,611 | €4,772 | -€2,839 | -37.3% |
| Other tangible fixed assets | 26 | €463 | - | -€463 | |
| Financial fixed assets | 28 | €1,050 | €1,050 | = | 0.0% |
| Current assets | 29/58 | €319,528 | €361,273 | +€41,745 | +13.1% |
| Amounts receivable after more than one year | 29 | €410 | €410 | = | 0.0% |
| Other amounts receivable | 291 | €410 | €410 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €194,041 | €219,471 | +€25,430 | +13.1% |
| Trade receivables | 40 | €35,331 | €31,025 | -€4,306 | -12.2% |
| Other amounts receivable | 41 | €158,710 | €188,445 | +€29,736 | +18.7% |
| Cash at bank and in hand | 54/58 | €125,077 | €141,393 | +€16,316 | +13.0% |
| Total equity and liabilities | 10/49 | €522,213 | €551,911 | +€29,698 | +5.7% |
| Equity | 10/15 | €357,392 | €411,845 | +€54,453 | +15.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €351,192 | €405,645 | +€54,453 | +15.5% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €349,332 | €405,645 | +€56,313 | +16.1% |
| Amounts payable | 17/49 | €164,821 | €140,066 | -€24,754 | -15.0% |
| Amounts payable after more than one year | 17 | €84,472 | €68,378 | -€16,094 | -19.1% |
| Financial debts | 170/4 | €84,472 | €68,378 | -€16,094 | -19.1% |
| Amounts payable within one year | 42/48 | €76,708 | €65,343 | -€11,365 | -14.8% |
| Current portion of amounts payable after more than one year | 42 | €22,105 | €16,308 | -€5,797 | -26.2% |
| Trade debts | 44 | €24,964 | €17,448 | -€7,515 | -30.1% |
| Suppliers | 440/4 | €24,964 | €17,448 | -€7,515 | -30.1% |
| Taxes, remuneration and social security | 45 | €29,640 | €31,587 | +€1,947 | +6.6% |
| Taxes | 450/3 | €12,103 | €17,230 | +€5,128 | +42.4% |
| Remuneration and social security | 454/9 | €17,537 | €14,357 | -€3,181 | -18.1% |
| Accrued charges and deferred income | 492/3 | €3,641 | €6,345 | +€2,704 | +74.3% |
| Non-recurring operating income | 76A | €341 | €9,745 | +€9,405 | +2,762% |
| Remuneration, social security and pensions | 62 | €130,990 | €138,022 | +€7,033 | +5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,899 | €12,604 | -€295 | -2.3% |
| Other operating charges | 640/8 | €3,052 | €3,760 | +€708 | +23.2% |
| Gross operating margin | 9900 | €199,900 | €223,283 | +€23,383 | +11.7% |
| Operating profit (loss) | 9901 | €52,960 | €68,896 | +€15,937 | +30.1% |
| Financial income | 75/76B | €8,706 | €10,556 | +€1,850 | +21.2% |
| Recurring financial income | 75 | €8,706 | €10,556 | +€1,850 | +21.2% |
| Financial charges | 65/66B | €4,514 | €3,240 | -€1,274 | -28.2% |
| Recurring financial charges | 65 | €4,514 | €3,240 | -€1,274 | -28.2% |
| Profit (loss) for the period before taxes | 9903 | €57,151 | €76,212 | +€19,061 | +33.4% |
| Income taxes | 67/77 | €16,074 | €21,759 | +€5,686 | +35.4% |
| Profit (loss) for the period | 9904 | €41,078 | €54,453 | +€13,375 | +32.6% |
| Profit (loss) for the period to be appropriated | 9905 | €41,078 | €54,453 | +€13,375 | +32.6% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.