MJ MENUISERIE: what changed
Two fiscal 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 MENUISERIE
Largest movements
- Tangible fixed assets -€63,875
down €63,875 (-14.1%), from €454,102 to €390,227
of which Plant, machinery and equipment: -€36,154
- Receivables within one year +€56,410
up €56,410 (+108.6%), from €51,942 to €108,352
of which Trade receivables: +€79,911
- Cash +€22,172
up €22,172 (+181.4%), from €12,225 to €34,397
mainly Depreciation (+€77,431) and Trade debts (+€44,709)
- Intangible fixed assets +€18,892
new in 2025: €18,892
- Stocks and contracts +€13,575
up €13,575 (+8.9%), from €152,764 to €166,339
of which Stocks: +€30,963
- Trade debts +€44,709
up €44,709 (+81.5%), from €54,846 to €99,555
- Reserves +€30,557
up €30,557 (+40.9%), from €74,797 to €105,354
- Debts after one year -€29,457
down €29,457 (-5.9%), from €498,687 to €469,230
of which Financial debts: -€20,892
- Tax, wage and social debts -€9,606
down €9,606 (-48.4%), from €19,849 to €10,242
of which Taxes: -€7,643
- Gross operating margin +€51,949
up €51,949 (+20.1%), from €258,602 to €310,551
- Depreciation +€22,050
up €22,050 (+39.8%), from €55,381 to €77,431
- Staff costs +€7,524
up €7,524 (+4.2%), from €177,857 to €185,381
- Taxes +€6,346
up €6,346 (+600.0%), from €1,058 to €7,403
- Financial charges +€5,529
up €5,529 (+63.6%), from €8,692 to €14,221
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.
Cash bridge derived
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 | €691,399 | €730,394 | +€38,996 | +5.6% |
| Fixed assets | 21/28 | €454,226 | €409,243 | -€44,983 | -9.9% |
| Intangible fixed assets | 21 | - | €18,892 | +€18,892 | |
| Tangible fixed assets | 22/27 | €454,102 | €390,227 | -€63,875 | -14.1% |
| Land and buildings | 22 | €106,722 | €106,722 | = | 0.0% |
| Plant, machinery and equipment | 23 | €234,551 | €198,396 | -€36,154 | -15.4% |
| Furniture and vehicles | 24 | €54,223 | €38,851 | -€15,372 | -28.3% |
| Other tangible fixed assets | 26 | €58,606 | €46,257 | -€12,349 | -21.1% |
| Financial fixed assets | 28 | €124 | €124 | = | 0.0% |
| Current assets | 29/58 | €237,173 | €321,152 | +€83,979 | +35.4% |
| Stocks and contracts in progress | 3 | €152,764 | €166,339 | +€13,575 | +8.9% |
| Stocks | 30/36 | €97,552 | €128,515 | +€30,963 | +31.7% |
| Contracts in progress | 37 | €55,212 | €37,824 | -€17,388 | -31.5% |
| Amounts receivable within one year | 40/41 | €51,942 | €108,352 | +€56,410 | +108.6% |
| Trade receivables | 40 | €7,806 | €87,717 | +€79,911 | +1023.7% |
| Other amounts receivable | 41 | €44,136 | €20,635 | -€23,501 | -53.2% |
| Cash at bank and in hand | 54/58 | €12,225 | €34,397 | +€22,172 | +181.4% |
| Deferred charges and accrued income | 490/1 | €20,242 | €12,064 | -€8,179 | -40.4% |
| Total equity and liabilities | 10/49 | €691,399 | €730,394 | +€38,996 | +5.6% |
| Equity | 10/15 | €79,797 | €110,354 | +€30,557 | +38.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €74,797 | €105,354 | +€30,557 | +40.9% |
| Distributable reserves | 133 | €74,797 | €105,354 | +€30,557 | +40.9% |
| Amounts payable | 17/49 | €611,601 | €620,040 | +€8,439 | +1.4% |
| Amounts payable after more than one year | 17 | €498,687 | €469,230 | -€29,457 | -5.9% |
| Financial debts | 170/4 | €341,857 | €320,965 | -€20,892 | -6.1% |
| Other amounts payable | 178/9 | €156,831 | €148,265 | -€8,566 | -5.5% |
| Amounts payable within one year | 42/48 | €112,914 | €150,810 | +€37,896 | +33.6% |
| Current portion of amounts payable after more than one year | 42 | €38,219 | €41,013 | +€2,793 | +7.3% |
| Trade debts | 44 | €54,846 | €99,555 | +€44,709 | +81.5% |
| Suppliers | 440/4 | €54,846 | €99,555 | +€44,709 | +81.5% |
| Taxes, remuneration and social security | 45 | €19,849 | €10,242 | -€9,606 | -48.4% |
| Taxes | 450/3 | €10,688 | €3,046 | -€7,643 | -71.5% |
| Remuneration and social security | 454/9 | €9,160 | €7,197 | -€1,964 | -21.4% |
| Remuneration, social security and pensions | 62 | €177,857 | €185,381 | +€7,524 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,381 | €77,431 | +€22,050 | +39.8% |
| Other operating charges | 640/8 | €3,267 | €1,343 | -€1,923 | -58.9% |
| Non-recurring operating charges | 66A | €376 | - | -€376 | |
| Gross operating margin | 9900 | €258,602 | €310,551 | +€51,949 | +20.1% |
| Operating profit (loss) | 9901 | €21,721 | €46,395 | +€24,674 | +113.6% |
| Financial income | 75/76B | €2,266 | €5,785 | +€3,520 | +155.4% |
| Recurring financial income | 75 | €2,266 | €5,785 | +€3,520 | +155.4% |
| Financial charges | 65/66B | €8,692 | €14,221 | +€5,529 | +63.6% |
| Recurring financial charges | 65 | €8,692 | €14,221 | +€5,529 | +63.6% |
| Profit (loss) for the period before taxes | 9903 | €15,295 | €37,960 | +€22,665 | +148.2% |
| Income taxes | 67/77 | €1,058 | €7,403 | +€6,346 | +600.0% |
| Profit (loss) for the period | 9904 | €14,237 | €30,557 | +€16,319 | +114.6% |
| Profit (loss) for the period to be appropriated | 9905 | €14,237 | €30,557 | +€16,319 | +114.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.