MJ service: 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 service
Largest movements
- Cash +€80,150
up €80,150 (+966%), from €8,296 to €88,446
mainly Trade debts (+€87,501) and Net result for the year (+€47,161)
- Tangible fixed assets +€69,448
up €69,448 (+152%), from €45,786 to €115,235
of which Plant, machinery and equipment: +€77,101
- Receivables within one year +€8,743
up €8,743 (+53.5%), from €16,343 to €25,086
of which Other amounts receivable: +€12,367
- Trade debts +€87,501
up €87,501 (+1,395%), from €6,274 to €93,775
- Reserves +€47,161
up €47,161 (+41.3%), from €114,134 to €161,295
- Tax, wage and social debts -€25,294
down €25,294 (-94.5%), from €26,779 to €1,485
- Short-term financial debts +€19,000
new in 2025: €19,000
- Debts after one year +€17,015
up €17,015 (+7.6%), from €224,460 to €241,476
- Depreciation +€8,096
up €8,096 (+298%), from €2,715 to €10,812
- Taxes -€7,544
down €7,544 (-32.0%), from €23,562 to €16,018
- Financial charges +€7,180
up €7,180 (+88.2%), from €8,136 to €15,316
- Gross operating margin -€4,379
down €4,379 (-4.6%), from €95,509 to €91,130
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 | €489,179 | €652,976 | +€163,797 | +33.5% |
| Fixed assets | 21/28 | €452,349 | €521,797 | +€69,448 | +15.4% |
| Tangible fixed assets | 22/27 | €45,786 | €115,235 | +€69,448 | +152% |
| Plant, machinery and equipment | 23 | €5,102 | €82,203 | +€77,101 | +1,511% |
| Furniture and vehicles | 24 | €40,685 | €33,032 | -€7,653 | -18.8% |
| Financial fixed assets | 28 | €406,563 | €406,563 | = | 0.0% |
| Current assets | 29/58 | €36,830 | €131,178 | +€94,348 | +256% |
| Stocks and contracts in progress | 3 | €9,590 | €15,790 | +€6,200 | +64.7% |
| Stocks | 30/36 | €9,590 | €15,790 | +€6,200 | +64.7% |
| Amounts receivable within one year | 40/41 | €16,343 | €25,086 | +€8,743 | +53.5% |
| Trade receivables | 40 | €16,213 | €12,589 | -€3,624 | -22.4% |
| Other amounts receivable | 41 | €129 | €12,497 | +€12,367 | +9,569% |
| Cash at bank and in hand | 54/58 | €8,296 | €88,446 | +€80,150 | +966% |
| Deferred charges and accrued income | 490/1 | €2,601 | €1,856 | -€745 | -28.6% |
| Total equity and liabilities | 10/49 | €489,179 | €652,976 | +€163,797 | +33.5% |
| Equity | 10/15 | €119,134 | €166,295 | +€47,161 | +39.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €114,134 | €161,295 | +€47,161 | +41.3% |
| Distributable reserves | 133 | €114,134 | €161,295 | +€47,161 | +41.3% |
| Amounts payable | 17/49 | €370,045 | €486,681 | +€116,636 | +31.5% |
| Amounts payable after more than one year | 17 | €224,460 | €241,476 | +€17,015 | +7.6% |
| Financial debts | 170/4 | €224,460 | €241,476 | +€17,015 | +7.6% |
| Amounts payable within one year | 42/48 | €145,584 | €245,205 | +€99,621 | +68.4% |
| Current portion of amounts payable after more than one year | 42 | €42,174 | €57,985 | +€15,811 | +37.5% |
| Financial debts | 43 | - | €19,000 | +€19,000 | |
| Credit institutions | 430/8 | - | €19,000 | +€19,000 | |
| Trade debts | 44 | €6,274 | €93,775 | +€87,501 | +1,395% |
| Suppliers | 440/4 | €6,274 | €93,775 | +€87,501 | +1,395% |
| Taxes, remuneration and social security | 45 | €26,779 | €1,485 | -€25,294 | -94.5% |
| Taxes | 450/3 | €26,779 | €1,485 | -€25,294 | -94.5% |
| Other amounts payable | 47/48 | €70,357 | €72,960 | +€2,603 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,715 | €10,812 | +€8,096 | +298% |
| Other operating charges | 640/8 | €429 | €999 | +€571 | +133% |
| Non-recurring operating charges | 66A | - | €824 | +€824 | |
| Gross operating margin | 9900 | €95,509 | €91,130 | -€4,379 | -4.6% |
| Operating profit (loss) | 9901 | €92,365 | €78,495 | -€13,870 | -15.0% |
| Financial charges | 65/66B | €8,136 | €15,316 | +€7,180 | +88.2% |
| Recurring financial charges | 65 | €8,136 | €15,316 | +€7,180 | +88.2% |
| Profit (loss) for the period before taxes | 9903 | €84,228 | €63,179 | -€21,050 | -25.0% |
| Income taxes | 67/77 | €23,562 | €16,018 | -€7,544 | -32.0% |
| Profit (loss) for the period | 9904 | €60,667 | €47,161 | -€13,506 | -22.3% |
| Profit (loss) for the period to be appropriated | 9905 | €60,667 | €47,161 | -€13,506 | -22.3% |
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.