MJ Groupe: 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 Groupe
Largest movements
- Tangible fixed assets +€382,969
up €382,969 (+4,500%), from €8,510 to €391,478
of which Land and buildings: +€372,140
- Stocks and contracts -€11,078
down €11,078 (-30.5%), from €36,375 to €25,297
- Deferred charges and accrued income +€5,592
up €5,592 (+820%), from €682 to €6,273
- Debts after one year +€300,090
new in 2025: €300,090
- Other debts +€39,978
up €39,978 (+203%), from €19,683 to €59,662
- Reserves +€14,342
new in 2025: €14,342
- Tax, wage and social debts +€12,149
up €12,149 (+207%), from €5,878 to €18,027
- Current portion of long-term debt +€6,590
new in 2025: €6,590
- Gross operating margin +€27,481
up €27,481 (+152%), from €18,061 to €45,542
- Other operating charges +€9,286
up €9,286 (+4,593%), from €202 to €9,488
- Depreciation +€7,040
up €7,040 (+421%), from €1,672 to €8,713
- Financial charges +€4,744
up €4,744 (+8,999%), from €53 to €4,796
- Taxes +€3,747
up €3,747 (+84.1%), from €4,455 to €8,202
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 | €84,878 | €457,421 | +€372,542 | +439% |
| Formation expenses | 20 | €992 | €741 | -€251 | -25.3% |
| Fixed assets | 21/28 | €8,510 | €391,478 | +€382,969 | +4,500% |
| Tangible fixed assets | 22/27 | €8,510 | €391,478 | +€382,969 | +4,500% |
| Land and buildings | 22 | €5,528 | €377,668 | +€372,140 | +6,731% |
| Plant, machinery and equipment | 23 | €2,140 | €13,390 | +€11,250 | +526% |
| Furniture and vehicles | 24 | €842 | €420 | -€421 | -50.1% |
| Current assets | 29/58 | €75,376 | €65,201 | -€10,175 | -13.5% |
| Stocks and contracts in progress | 3 | €36,375 | €25,297 | -€11,078 | -30.5% |
| Stocks | 30/36 | €36,375 | €25,297 | -€11,078 | -30.5% |
| Amounts receivable within one year | 40/41 | €16,307 | €11,751 | -€4,556 | -27.9% |
| Trade receivables | 40 | €16,307 | €11,751 | -€4,556 | -27.9% |
| Cash at bank and in hand | 54/58 | €22,012 | €21,880 | -€132 | -0.6% |
| Deferred charges and accrued income | 490/1 | €682 | €6,273 | +€5,592 | +820% |
| Total equity and liabilities | 10/49 | €84,878 | €457,421 | +€372,542 | +439% |
| Equity | 10/15 | €41,680 | €56,021 | +€14,342 | +34.4% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | - | €14,342 | +€14,342 | |
| Distributable reserves | 133 | - | €14,342 | +€14,342 | |
| Profit (loss) carried forward | 14 | €11,680 | €11,680 | = | 0.0% |
| Amounts payable | 17/49 | €43,199 | €401,399 | +€358,200 | +829% |
| Amounts payable after more than one year | 17 | - | €300,090 | +€300,090 | |
| Financial debts | 170/4 | - | €300,090 | +€300,090 | |
| Amounts payable within one year | 42/48 | €43,042 | €101,309 | +€58,267 | +135% |
| Current portion of amounts payable after more than one year | 42 | - | €6,590 | +€6,590 | |
| Trade debts | 44 | €17,481 | €17,031 | -€450 | -2.6% |
| Suppliers | 440/4 | €17,481 | €17,031 | -€450 | -2.6% |
| Taxes, remuneration and social security | 45 | €5,878 | €18,027 | +€12,149 | +207% |
| Taxes | 450/3 | €5,878 | €18,027 | +€12,149 | +207% |
| Other amounts payable | 47/48 | €19,683 | €59,662 | +€39,978 | +203% |
| Accrued charges and deferred income | 492/3 | €157 | - | -€157 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,672 | €8,713 | +€7,040 | +421% |
| Other operating charges | 640/8 | €202 | €9,488 | +€9,286 | +4,593% |
| Gross operating margin | 9900 | €18,061 | €45,542 | +€27,481 | +152% |
| Operating profit (loss) | 9901 | €16,186 | €27,340 | +€11,154 | +68.9% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €53 | €4,796 | +€4,744 | +8,999% |
| Recurring financial charges | 65 | €53 | €4,796 | +€4,744 | +8,999% |
| Profit (loss) for the period before taxes | 9903 | €16,135 | €22,544 | +€6,409 | +39.7% |
| Income taxes | 67/77 | €4,455 | €8,202 | +€3,747 | +84.1% |
| Profit (loss) for the period | 9904 | €11,680 | €14,342 | +€2,662 | +22.8% |
| Profit (loss) for the period to be appropriated | 9905 | €11,680 | €14,342 | +€2,662 | +22.8% |
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 29 October 2026 via checked.be.