MJB MANAGEMENT: 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.
MJB MANAGEMENT
Largest movements
- Financial fixed assets +€2.5m
up €2.5m (+45.5%), from €5.4m to €7.9m
of which Affiliated companies: +€2.5m
- Cash +€342,238
up €342,238 (+41.3%), from €829,169 to €1.2m
mainly Net result for the year (+€2.5m) and Debts after one year (+€1.8m)
- Intangible fixed assets -€230,000
down €230,000 (-16.7%), from €1.4m to €1.1m
- Debts after one year +€1.8m
up €1.8m (+232%), from €758,399 to €2.5m
- Reserves -€1.1m
down €1.1m (-94.2%), from €1.2m to €67,678
- Profit (loss) carried forward +€1.1m
up €1.1m (+28.6%), from €3.8m to €4.9m
- Other debts +€512,857
up €512,857 (+42.5%), from €1.2m to €1.7m
- Current portion of long-term debt +€380,416
up €380,416 (+255%), from €149,300 to €529,716
- Financial income +€441,866
up €441,866 (+25.6%), from €1.7m to €2.2m
- Turnover +€45,645
up €45,645 (+6.3%), from €724,925 to €770,570
- Services and other goods -€25,063
down €25,063 (-49.6%), from €50,508 to €25,445
- Financial charges -€18,503
down €18,503 (-17.5%), from €105,750 to €87,247
- Taxes +€8,914
up €8,914 (+8.9%), from €99,656 to €108,570
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,826,534 | €10,445,038 | +€2.6m | +33.5% |
| Fixed assets | 21/28 | €6,814,684 | €9,055,861 | +€2.2m | +32.9% |
| Intangible fixed assets | 21 | €1,378,740 | €1,148,740 | -€230,000 | -16.7% |
| Financial fixed assets | 28 | €5,435,944 | €7,907,121 | +€2.5m | +45.5% |
| Affiliated companies | 280/1 | €5,434,944 | €7,906,121 | +€2.5m | +45.5% |
| Participating interests | 280 | €5,434,944 | €7,906,121 | +€2.5m | +45.5% |
| Other financial fixed assets | 284/8 | €1,000 | €1,000 | = | 0.0% |
| Shares | 284 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €1,011,850 | €1,389,177 | +€377,327 | +37.3% |
| Amounts receivable within one year | 40/41 | €182,681 | €217,770 | +€35,089 | +19.2% |
| Trade receivables | 40 | €102,337 | €101,059 | -€1,278 | -1.2% |
| Other amounts receivable | 41 | €80,344 | €116,711 | +€36,367 | +45.3% |
| Cash at bank and in hand | 54/58 | €829,169 | €1,171,407 | +€342,238 | +41.3% |
| Total equity and liabilities | 10/49 | €7,826,534 | €10,445,038 | +€2.6m | +33.5% |
| Equity | 10/15 | €5,647,269 | €5,636,068 | -€11,201 | -0.2% |
| Contributions | 10/11 | €676,777 | €676,777 | = | 0.0% |
| Capital | 10 | €676,777 | €676,777 | = | 0.0% |
| Issued capital | 100 | €676,777 | €676,777 | = | 0.0% |
| Reserves | 13 | €1,167,678 | €67,678 | -€1.1m | -94.2% |
| Non-distributable reserves | 130/1 | €1,167,678 | €67,678 | -€1.1m | -94.2% |
| Legal reserve | 130 | €67,678 | €67,678 | = | 0.0% |
| Financial assistance | 1313 | €1,100,000 | €0 | -€1.1m | -100% |
| Profit (loss) carried forward | 14 | €3,802,814 | €4,891,613 | +€1.1m | +28.6% |
| Amounts payable | 17/49 | €2,179,265 | €4,808,970 | +€2.6m | +121% |
| Amounts payable after more than one year | 17 | €758,399 | €2,520,778 | +€1.8m | +232% |
| Financial debts | 170/4 | €758,399 | €2,520,778 | +€1.8m | +232% |
| Credit institutions | 173 | €758,399 | €2,520,778 | +€1.8m | +232% |
| Amounts payable within one year | 42/48 | €1,384,999 | €2,288,192 | +€903,193 | +65.2% |
| Current portion of amounts payable after more than one year | 42 | €149,300 | €529,716 | +€380,416 | +255% |
| Taxes, remuneration and social security | 45 | €28,556 | €38,476 | +€9,920 | +34.7% |
| Taxes | 450/3 | €28,556 | €38,476 | +€9,920 | +34.7% |
| Other amounts payable | 47/48 | €1,207,143 | €1,720,000 | +€512,857 | +42.5% |
| Accrued charges and deferred income | 492/3 | €35,867 | €0 | -€35,867 | -100% |
| Operating income | 70/76A | €724,925 | €770,570 | +€45,645 | +6.3% |
| Turnover | 70 | €724,925 | €770,570 | +€45,645 | +6.3% |
| Operating charges | 60/66A | €284,776 | €256,444 | -€28,332 | -9.9% |
| Services and other goods | 61 | €50,508 | €25,445 | -€25,063 | -49.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €230,000 | €230,000 | = | 0.0% |
| Other operating charges | 640/8 | €4,268 | €999 | -€3,269 | -76.6% |
| Operating profit (loss) | 9901 | €440,149 | €514,126 | +€73,977 | +16.8% |
| Financial income | 75/76B | €1,728,624 | €2,170,490 | +€441,866 | +25.6% |
| Recurring financial income | 75 | €1,728,624 | €2,170,490 | +€441,866 | +25.6% |
| Income from financial fixed assets | 750 | €1,664,400 | €2,164,978 | +€500,578 | +30.1% |
| Income from current assets | 751 | €64,224 | €5,512 | -€58,712 | -91.4% |
| Financial charges | 65/66B | €105,750 | €87,247 | -€18,503 | -17.5% |
| Recurring financial charges | 65 | €105,750 | €87,247 | -€18,503 | -17.5% |
| Debt charges | 650 | €105,573 | €87,247 | -€18,326 | -17.4% |
| Other financial charges | 652/9 | €177 | €0 | -€177 | -100% |
| Profit (loss) for the period before taxes | 9903 | €2,063,023 | €2,597,369 | +€534,346 | +25.9% |
| Income taxes | 67/77 | €99,656 | €108,570 | +€8,914 | +8.9% |
| Taxes | 670/3 | €110,000 | €108,570 | -€1,430 | -1.3% |
| Tax adjustments and reversals of tax provisions | 77 | €10,344 | €0 | -€10,344 | -100% |
| Profit (loss) for the period | 9904 | €1,963,367 | €2,488,799 | +€525,432 | +26.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,963,367 | €2,488,799 | +€525,432 | +26.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.