MJACK: 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.
MJACK
Largest movements
- Receivables within one year +€53,629
up €53,629 (+29.0%), from €184,808 to €238,437
of which Other amounts receivable: +€44,455
- Tangible fixed assets -€29,153
down €29,153 (-4.8%), from €605,365 to €576,212
of which Land and buildings: -€21,661
- Cash +€18,992
up €18,992 (+40.1%), from €47,360 to €66,352
mainly Net result for the year (+€65,592) and Depreciation (+€29,153)
- Reserves +€65,592
up €65,592 (+11.1%), from €589,427 to €655,019
of which Distributable reserves: +€567,870
- Debts after one year -€43,580
down €43,580 (-25.6%), from €170,427 to €126,847
- Tax, wage and social debts +€13,139
up €13,139 (+1788.5%), from €735 to €13,873
- Current portion of long-term debt +€12,542
up €12,542 (+25.2%), from €49,680 to €62,222
- Gross operating margin +€11,620
up €11,620 (+9.7%), from €119,847 to €131,467
- Taxes +€3,759
up €3,759 (+15.9%), from €23,627 to €27,386
- Financial charges -€3,552
down €3,552 (-50.4%), from €7,045 to €3,494
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 | €838,902 | €882,413 | +€43,511 | +5.2% |
| Fixed assets | 21/28 | €606,734 | €577,581 | -€29,153 | -4.8% |
| Tangible fixed assets | 22/27 | €605,365 | €576,212 | -€29,153 | -4.8% |
| Land and buildings | 22 | €560,377 | €538,715 | -€21,661 | -3.9% |
| Furniture and vehicles | 24 | €44,989 | €37,497 | -€7,492 | -16.7% |
| Financial fixed assets | 28 | €1,369 | €1,369 | = | 0.0% |
| Current assets | 29/58 | €232,168 | €304,832 | +€72,664 | +31.3% |
| Amounts receivable within one year | 40/41 | €184,808 | €238,437 | +€53,629 | +29.0% |
| Trade receivables | 40 | €16,540 | €25,713 | +€9,173 | +55.5% |
| Other amounts receivable | 41 | €168,268 | €212,724 | +€44,455 | +26.4% |
| Cash at bank and in hand | 54/58 | €47,360 | €66,352 | +€18,992 | +40.1% |
| Deferred charges and accrued income | 490/1 | - | €43 | +€43 | |
| Total equity and liabilities | 10/49 | €838,902 | €882,413 | +€43,511 | +5.2% |
| Equity | 10/15 | €595,627 | €661,219 | +€65,592 | +11.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €589,427 | €655,019 | +€65,592 | +11.1% |
| Non-distributable reserves | 130/1 | €504,138 | €1,860 | -€502,278 | -99.6% |
| Other | 1319 | €504,138 | €1,860 | -€502,278 | -99.6% |
| Distributable reserves | 133 | €85,289 | €653,159 | +€567,870 | +665.8% |
| Amounts payable | 17/49 | €243,275 | €221,194 | -€22,081 | -9.1% |
| Amounts payable after more than one year | 17 | €170,427 | €126,847 | -€43,580 | -25.6% |
| Financial debts | 170/4 | €170,427 | €126,847 | -€43,580 | -25.6% |
| Amounts payable within one year | 42/48 | €72,847 | €94,347 | +€21,499 | +29.5% |
| Current portion of amounts payable after more than one year | 42 | €49,680 | €62,222 | +€12,542 | +25.2% |
| Trade debts | 44 | €22,432 | €18,251 | -€4,181 | -18.6% |
| Suppliers | 440/4 | €22,432 | €18,251 | -€4,181 | -18.6% |
| Taxes, remuneration and social security | 45 | €735 | €13,873 | +€13,139 | +1788.5% |
| Taxes | 450/3 | €735 | €13,873 | +€13,139 | +1788.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,186 | €29,153 | -€1,033 | -3.4% |
| Other operating charges | 640/8 | €5,624 | €6,055 | +€431 | +7.7% |
| Gross operating margin | 9900 | €119,847 | €131,467 | +€11,620 | +9.7% |
| Operating profit (loss) | 9901 | €84,037 | €96,259 | +€12,222 | +14.5% |
| Financial income | 75/76B | €26 | €212 | +€186 | +708.7% |
| Recurring financial income | 75 | €26 | €212 | +€186 | +708.7% |
| Financial charges | 65/66B | €7,045 | €3,494 | -€3,552 | -50.4% |
| Recurring financial charges | 65 | €7,045 | €3,494 | -€3,552 | -50.4% |
| Profit (loss) for the period before taxes | 9903 | €77,018 | €92,978 | +€15,960 | +20.7% |
| Income taxes | 67/77 | €23,627 | €27,386 | +€3,759 | +15.9% |
| Profit (loss) for the period | 9904 | €53,391 | €65,592 | +€12,200 | +22.9% |
| Profit (loss) for the period to be appropriated | 9905 | €53,391 | €65,592 | +€12,200 | +22.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.