MJ KENNELS: 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 KENNELS
Largest movements
- Cash -€37,306
down €37,306 (-75.8%), from €49,221 to €11,915
mainly Debts after one year (-€48,888) and Receivables within one year (-€1,641)
- Debts after one year -€48,888
down €48,888 (-9.2%), from €532,050 to €483,162
of which Financial debts: -€48,888
- Financial income -€49,535
down €49,535 (-99.1%), from €50,000 to €465
- Financial charges +€42,623
up €42,623 (+831%), from €5,129 to €47,752
- Gross operating margin +€35,526
up €35,526 (+209%), from €16,969 to €52,495
- Taxes -€1,464
down €1,464 (-56.8%), from €2,576 to €1,112
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 | €1,782,680 | €1,747,015 | -€35,665 | -2.0% |
| Fixed assets | 21/28 | €1,600,100 | €1,600,100 | = | 0.0% |
| Financial fixed assets | 28 | €1,600,100 | €1,600,100 | = | 0.0% |
| Current assets | 29/58 | €182,580 | €146,915 | -€35,665 | -19.5% |
| Amounts receivable within one year | 40/41 | €133,359 | €135,000 | +€1,641 | +1.2% |
| Trade receivables | 40 | €131,552 | €135,000 | +€3,448 | +2.6% |
| Other amounts receivable | 41 | €1,807 | - | -€1,807 | |
| Cash at bank and in hand | 54/58 | €49,221 | €11,915 | -€37,306 | -75.8% |
| Total equity and liabilities | 10/49 | €1,782,680 | €1,747,015 | -€35,665 | -2.0% |
| Equity | 10/15 | €1,196,425 | €1,200,522 | +€4,096 | +0.3% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €1,192,425 | €1,196,522 | +€4,096 | +0.3% |
| Distributable reserves | 133 | €1,192,425 | €1,196,522 | +€4,096 | +0.3% |
| Amounts payable | 17/49 | €586,254 | €546,493 | -€39,761 | -6.8% |
| Amounts payable after more than one year | 17 | €532,050 | €483,162 | -€48,888 | -9.2% |
| Financial debts | 170/4 | €180,401 | €131,513 | -€48,888 | -27.1% |
| Other amounts payable | 178/9 | €351,649 | €351,649 | = | 0.0% |
| Amounts payable within one year | 42/48 | €54,205 | €63,331 | +€9,127 | +16.8% |
| Current portion of amounts payable after more than one year | 42 | €46,891 | €48,888 | +€1,997 | +4.3% |
| Trade debts | 44 | €1,683 | €9,787 | +€8,104 | +481% |
| Suppliers | 440/4 | €1,683 | €9,787 | +€8,104 | +481% |
| Taxes, remuneration and social security | 45 | €5,630 | €4,657 | -€974 | -17.3% |
| Taxes | 450/3 | €3,040 | €2,697 | -€344 | -11.3% |
| Remuneration and social security | 454/9 | €2,590 | €1,960 | -€630 | -24.3% |
| Other operating charges | 640/8 | €62 | - | -€62 | |
| Gross operating margin | 9900 | €16,969 | €52,495 | +€35,526 | +209% |
| Operating profit (loss) | 9901 | €16,907 | €52,495 | +€35,588 | +210% |
| Financial income | 75/76B | €50,000 | €465 | -€49,535 | -99.1% |
| Recurring financial income | 75 | €50,000 | €465 | -€49,535 | -99.1% |
| Financial charges | 65/66B | €5,129 | €47,752 | +€42,623 | +831% |
| Recurring financial charges | 65 | €5,129 | €47,752 | +€42,623 | +831% |
| Profit (loss) for the period before taxes | 9903 | €61,779 | €5,208 | -€56,570 | -91.6% |
| Income taxes | 67/77 | €2,576 | €1,112 | -€1,464 | -56.8% |
| Profit (loss) for the period | 9904 | €59,203 | €4,096 | -€55,107 | -93.1% |
| Profit (loss) for the period to be appropriated | 9905 | €59,203 | €4,096 | -€55,107 | -93.1% |
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 21 October 2026 via checked.be.