MJAM: 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.
What changed
MJAM
NACE 56.111, Full-service restaurants
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€245
2024 · €45,105-€44,861
Equity
€252,273
2024 · €252,028+€245
Cash
€20,260
2024 · €33,242-€12,981
Balance sheet total
€3.9m
2024 · €4.0m-€124,154
Largest movements
Assets
- Receivables within one year -€98,641
down €98,641 (-81.4%), from €121,224 to €22,583
of which Trade receivables: -€90,661
- Tangible fixed assets -€44,167
down €44,167 (-1.3%), from €3.3m to €3.2m
of which Plant, machinery and equipment: -€61,757
Equity and liabilities
- Debts after one year -€159,940
down €159,940 (-4.8%), from €3.3m to €3.2m
- Tax, wage and social debts +€58,331
up €58,331 (+75.3%), from €77,430 to €135,762
of which Taxes: +€52,989
- Trade debts -€55,949
down €55,949 (-50.7%), from €110,294 to €54,345
Income statement
- Staff costs +€35,494
up €35,494 (+7.3%), from €488,887 to €524,381
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.
Result 2024
€45,105
Gross operating margin
-€3,461
Staff costs
-€35,494
Depreciation
-€3,496
Other operating charges
-€263
Financial income
+€1,157
Financial charges
+€3,852
Taxes
-€7,156
Result 2025
€245
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.
From operations
+€310,836
Investment
-€177,243
Financing
-€146,575
Cash 2024
€33,242
From operations (derived)
+€310,836
Net result for the year
+€245
Depreciation
+€221,410
Stocks and contracts
-€12,233
Receivables within one year
+€98,641
Deferred charges and accrued income
-€19,402
Trade debts
-€55,949
Tax, wage and social debts
+€58,331
Other debts
+€11,881
Accrued charges and deferred income
+€7,913
Investment (derived)
-€177,243
Investment in fixed assets (net)
-€177,243
Financing
-€146,575
Debts after one year
-€159,940
Current portion of long-term debt
+€13,365
Cash 2025
€20,260
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,045,690 | €3,921,536 | -€124,154 | -3.1% |
| Fixed assets | 21/28 | €3,291,458 | €3,247,291 | -€44,167 | -1.3% |
| Tangible fixed assets | 22/27 | €3,290,983 | €3,246,816 | -€44,167 | -1.3% |
| Land and buildings | 22 | €2,899,432 | €2,888,635 | -€10,797 | -0.4% |
| Plant, machinery and equipment | 23 | €297,678 | €235,920 | -€61,757 | -20.7% |
| Furniture and vehicles | 24 | €93,873 | €122,261 | +€28,388 | +30.2% |
| Financial fixed assets | 28 | €475 | €475 | = | 0.0% |
| Current assets | 29/58 | €754,232 | €674,245 | -€79,987 | -10.6% |
| Stocks and contracts in progress | 3 | €581,209 | €593,442 | +€12,233 | +2.1% |
| Stocks | 30/36 | €581,209 | €593,442 | +€12,233 | +2.1% |
| Amounts receivable within one year | 40/41 | €121,224 | €22,583 | -€98,641 | -81.4% |
| Trade receivables | 40 | €90,661 | - | -€90,661 | |
| Other amounts receivable | 41 | €30,563 | €22,583 | -€7,980 | -26.1% |
| Cash at bank and in hand | 54/58 | €33,242 | €20,260 | -€12,981 | -39.1% |
| Deferred charges and accrued income | 490/1 | €18,557 | €37,959 | +€19,402 | +104.6% |
| Total equity and liabilities | 10/49 | €4,045,690 | €3,921,536 | -€124,154 | -3.1% |
| Equity | 10/15 | €252,028 | €252,273 | +€245 | +0.1% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €212,028 | €212,273 | +€245 | +0.1% |
| Amounts payable | 17/49 | €3,793,662 | €3,669,263 | -€124,398 | -3.3% |
| Amounts payable after more than one year | 17 | €3,327,431 | €3,167,492 | -€159,940 | -4.8% |
| Financial debts | 170/4 | €3,327,431 | €3,167,492 | -€159,940 | -4.8% |
| Amounts payable within one year | 42/48 | €406,046 | €433,674 | +€27,629 | +6.8% |
| Current portion of amounts payable after more than one year | 42 | €187,953 | €201,318 | +€13,365 | +7.1% |
| Trade debts | 44 | €110,294 | €54,345 | -€55,949 | -50.7% |
| Suppliers | 440/4 | €110,294 | €54,345 | -€55,949 | -50.7% |
| Taxes, remuneration and social security | 45 | €77,430 | €135,762 | +€58,331 | +75.3% |
| Taxes | 450/3 | €33,311 | €86,300 | +€52,989 | +159.1% |
| Remuneration and social security | 454/9 | €44,120 | €49,462 | +€5,342 | +12.1% |
| Other amounts payable | 47/48 | €30,368 | €42,249 | +€11,881 | +39.1% |
| Accrued charges and deferred income | 492/3 | €60,185 | €68,097 | +€7,913 | +13.1% |
| Remuneration, social security and pensions | 62 | €488,887 | €524,381 | +€35,494 | +7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €217,913 | €221,410 | +€3,496 | +1.6% |
| Other operating charges | 640/8 | €12,485 | €12,748 | +€263 | +2.1% |
| Gross operating margin | 9900 | €829,778 | €826,318 | -€3,461 | -0.4% |
| Operating profit (loss) | 9901 | €110,493 | €67,779 | -€42,714 | -38.7% |
| Financial income | 75/76B | €1,184 | €2,341 | +€1,157 | +97.7% |
| Recurring financial income | 75 | €1,184 | €2,341 | +€1,157 | +97.7% |
| Financial charges | 65/66B | €63,730 | €59,878 | -€3,852 | -6.0% |
| Recurring financial charges | 65 | €63,730 | €59,878 | -€3,852 | -6.0% |
| Profit (loss) for the period before taxes | 9903 | €47,947 | €10,242 | -€37,705 | -78.6% |
| Income taxes | 67/77 | €2,841 | €9,997 | +€7,156 | +251.9% |
| Profit (loss) for the period | 9904 | €45,105 | €245 | -€44,861 | -99.5% |
| Profit (loss) for the period to be appropriated | 9905 | €45,105 | €245 | -€44,861 | -99.5% |
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 2 October 2026 via checked.be.