MJ-TRANS: 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-TRANS
Largest movements
- Cash +€78,007
up €78,007 (+112%), from €69,375 to €147,381
mainly Depreciation (+€100,712) and Net result for the year (+€87,501)
- Receivables within one year +€40,775
up €40,775 (+21.9%), from €185,873 to €226,648
- Tangible fixed assets +€34,288
up €34,288 (+12.3%), from €278,425 to €312,713
of which Furniture and vehicles: +€56,926
- Reserves +€87,501
up €87,501 (+61.5%), from €142,195 to €229,696
- Current portion of long-term debt +€26,364
up €26,364 (+30.2%), from €87,203 to €113,568
- Tax, wage and social debts +€24,732
up €24,732 (+28.9%), from €85,433 to €110,165
of which Taxes: +€16,336
- Debts after one year +€12,771
up €12,771 (+6.4%), from €199,136 to €211,907
- Gross operating margin +€115,109
up €115,109 (+22.4%), from €513,455 to €628,563
- Depreciation +€26,757
up €26,757 (+36.2%), from €73,954 to €100,712
- Taxes +€19,512
up €19,512 (+143%), from €13,643 to €33,156
- Staff costs +€16,950
up €16,950 (+4.5%), from €378,223 to €395,174
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 | €538,940 | €696,017 | +€157,077 | +29.1% |
| Fixed assets | 21/28 | €278,560 | €312,713 | +€34,153 | +12.3% |
| Tangible fixed assets | 22/27 | €278,425 | €312,713 | +€34,288 | +12.3% |
| Furniture and vehicles | 24 | €235,878 | €292,804 | +€56,926 | +24.1% |
| Leasing and similar rights | 25 | €42,547 | €19,909 | -€22,638 | -53.2% |
| Financial fixed assets | 28 | €135 | - | -€135 | |
| Current assets | 29/58 | €260,381 | €383,304 | +€122,923 | +47.2% |
| Amounts receivable within one year | 40/41 | €185,873 | €226,648 | +€40,775 | +21.9% |
| Trade receivables | 40 | €185,873 | €226,648 | +€40,775 | +21.9% |
| Cash at bank and in hand | 54/58 | €69,375 | €147,381 | +€78,007 | +112% |
| Deferred charges and accrued income | 490/1 | €5,132 | €9,274 | +€4,142 | +80.7% |
| Total equity and liabilities | 10/49 | €538,940 | €696,017 | +€157,077 | +29.1% |
| Equity | 10/15 | €142,195 | €229,696 | +€87,501 | +61.5% |
| Reserves | 13 | €142,195 | €229,696 | +€87,501 | +61.5% |
| Distributable reserves | 133 | €142,195 | €229,696 | +€87,501 | +61.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €396,745 | €466,321 | +€69,576 | +17.5% |
| Amounts payable after more than one year | 17 | €199,136 | €211,907 | +€12,771 | +6.4% |
| Financial debts | 170/4 | €199,136 | €211,907 | +€12,771 | +6.4% |
| Amounts payable within one year | 42/48 | €197,609 | €254,414 | +€56,805 | +28.7% |
| Current portion of amounts payable after more than one year | 42 | €87,203 | €113,568 | +€26,364 | +30.2% |
| Trade debts | 44 | €16,203 | €21,911 | +€5,708 | +35.2% |
| Suppliers | 440/4 | €16,203 | €21,911 | +€5,708 | +35.2% |
| Taxes, remuneration and social security | 45 | €85,433 | €110,165 | +€24,732 | +28.9% |
| Taxes | 450/3 | €41,064 | €57,400 | +€16,336 | +39.8% |
| Remuneration and social security | 454/9 | €44,368 | €52,765 | +€8,396 | +18.9% |
| Other amounts payable | 47/48 | €8,770 | €8,770 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €378,223 | €395,174 | +€16,950 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,954 | €100,712 | +€26,757 | +36.2% |
| Other operating charges | 640/8 | €3,662 | €1,916 | -€1,746 | -47.7% |
| Gross operating margin | 9900 | €513,455 | €628,563 | +€115,109 | +22.4% |
| Operating profit (loss) | 9901 | €57,614 | €130,762 | +€73,147 | +127% |
| Financial charges | 65/66B | €8,029 | €10,106 | +€2,077 | +25.9% |
| Recurring financial charges | 65 | €8,029 | €10,106 | +€2,077 | +25.9% |
| Profit (loss) for the period before taxes | 9903 | €49,586 | €120,656 | +€71,071 | +143% |
| Income taxes | 67/77 | €13,643 | €33,156 | +€19,512 | +143% |
| Profit (loss) for the period | 9904 | €35,942 | €87,501 | +€51,559 | +143% |
| Profit (loss) for the period to be appropriated | 9905 | €35,942 | €87,501 | +€51,559 | +143% |
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 17 October 2026 via checked.be.