MJ & MANAGEMENT: 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 & MANAGEMENT
Largest movements
- Deferred charges and accrued income +€7,134
up €7,134 (+224%), from €3,179 to €10,313
- Tangible fixed assets -€3,200
down €3,200 (-20.9%), from €15,318 to €12,118
- Cash -€478
down €478 (-21.6%), from €2,212 to €1,735
mainly Deferred charges and accrued income (-€7,134) and Other debts (-€4,927)
- Profit (loss) carried forward +€6,310
up €6,310 (+311%), from €2,029 to €8,339
- Other debts -€4,927
down €4,927 (-44.2%), from €11,144 to €6,218
- Tax, wage and social debts +€4,913
up €4,913 (+268%), from €1,832 to €6,745
- Trade debts -€2,841
down €2,841 (-76.7%), from €3,705 to €864
- Gross operating margin +€6,384
up €6,384 (+65.5%), from €9,747 to €16,131
- Taxes +€3,081
up €3,081 (+168%), from €1,832 to €4,913
- Depreciation +€2,518
up €2,518 (+369%), from €682 to €3,200
- Other operating charges -€1,213
down €1,213 (-45.6%), from €2,660 to €1,447
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 | €20,710 | €24,166 | +€3,456 | +16.7% |
| Fixed assets | 21/28 | €15,318 | €12,118 | -€3,200 | -20.9% |
| Tangible fixed assets | 22/27 | €15,318 | €12,118 | -€3,200 | -20.9% |
| Furniture and vehicles | 24 | €15,318 | €12,118 | -€3,200 | -20.9% |
| Current assets | 29/58 | €5,392 | €12,048 | +€6,656 | +123% |
| Cash at bank and in hand | 54/58 | €2,212 | €1,735 | -€478 | -21.6% |
| Deferred charges and accrued income | 490/1 | €3,179 | €10,313 | +€7,134 | +224% |
| Total equity and liabilities | 10/49 | €20,710 | €24,166 | +€3,456 | +16.7% |
| Equity | 10/15 | €4,029 | €10,339 | +€6,310 | +157% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,029 | €8,339 | +€6,310 | +311% |
| Amounts payable | 17/49 | €16,681 | €13,826 | -€2,854 | -17.1% |
| Amounts payable within one year | 42/48 | €16,681 | €13,826 | -€2,854 | -17.1% |
| Trade debts | 44 | €3,705 | €864 | -€2,841 | -76.7% |
| Suppliers | 440/4 | €3,705 | €864 | -€2,841 | -76.7% |
| Taxes, remuneration and social security | 45 | €1,832 | €6,745 | +€4,913 | +268% |
| Taxes | 450/3 | €1,832 | €6,745 | +€4,913 | +268% |
| Other amounts payable | 47/48 | €11,144 | €6,218 | -€4,927 | -44.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €682 | €3,200 | +€2,518 | +369% |
| Other operating charges | 640/8 | €2,660 | €1,447 | -€1,213 | -45.6% |
| Gross operating margin | 9900 | €9,747 | €16,131 | +€6,384 | +65.5% |
| Operating profit (loss) | 9901 | €6,405 | €11,484 | +€5,078 | +79.3% |
| Financial charges | 65/66B | €173 | €260 | +€88 | +50.7% |
| Recurring financial charges | 65 | €173 | €260 | +€88 | +50.7% |
| Profit (loss) for the period before taxes | 9903 | €6,232 | €11,223 | +€4,991 | +80.1% |
| Income taxes | 67/77 | €1,832 | €4,913 | +€3,081 | +168% |
| Profit (loss) for the period | 9904 | €4,400 | €6,310 | +€1,910 | +43.4% |
| Profit (loss) for the period to be appropriated | 9905 | €4,400 | €6,310 | +€1,910 | +43.4% |
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 13 October 2026 via checked.be.