MJC: 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.
MJC
Largest movements
- Stocks and contracts +€671,850
up €671,850 (+149%), from €449,839 to €1.1m
- Receivables within one year +€84,439
up €84,439 (+21.7%), from €388,835 to €473,273
of which Other amounts receivable: +€162,694
- Cash +€64,937
up €64,937 (+23.9%), from €271,494 to €336,431
mainly Trade debts (+€743,449) and Depreciation (+€121,827)
- Trade debts +€743,449
up €743,449 (+365%), from €203,863 to €947,312
- Reserves +€52,205
up €52,205 (+6.9%), from €753,775 to €805,980
of which Distributable reserves: +€52,205
- Debts after one year +€39,087
up €39,087 (+7.7%), from €504,763 to €543,850
- Gross operating margin +€38,025
up €38,025 (+9.9%), from €383,500 to €421,525
- Depreciation +€13,807
up €13,807 (+12.8%), from €108,020 to €121,827
- Staff costs +€11,884
up €11,884 (+6.2%), from €190,812 to €202,696
- Other operating charges -€7,580
down €7,580 (-52.5%), from €14,447 to €6,867
- Taxes +€5,925
up €5,925 (+29.8%), from €19,886 to €25,811
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 | €1,713,473 | €2,534,405 | +€820,932 | +47.9% |
| Fixed assets | 21/28 | €603,306 | €603,012 | -€293 | 0.0% |
| Tangible fixed assets | 22/27 | €603,306 | €603,012 | -€293 | 0.0% |
| Land and buildings | 22 | €414,601 | €364,579 | -€50,022 | -12.1% |
| Plant, machinery and equipment | 23 | €8,171 | €4,074 | -€4,097 | -50.1% |
| Furniture and vehicles | 24 | €180,534 | €234,359 | +€53,826 | +29.8% |
| Current assets | 29/58 | €1,110,167 | €1,931,393 | +€821,225 | +74.0% |
| Stocks and contracts in progress | 3 | €449,839 | €1,121,688 | +€671,850 | +149% |
| Stocks | 30/36 | €449,839 | €1,121,688 | +€671,850 | +149% |
| Amounts receivable within one year | 40/41 | €388,835 | €473,273 | +€84,439 | +21.7% |
| Trade receivables | 40 | €379,662 | €301,407 | -€78,256 | -20.6% |
| Other amounts receivable | 41 | €9,172 | €171,867 | +€162,694 | +1,774% |
| Cash at bank and in hand | 54/58 | €271,494 | €336,431 | +€64,937 | +23.9% |
| Total equity and liabilities | 10/49 | €1,713,473 | €2,534,405 | +€820,932 | +47.9% |
| Equity | 10/15 | €923,658 | €975,864 | +€52,205 | +5.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €753,775 | €805,980 | +€52,205 | +6.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €751,915 | €804,120 | +€52,205 | +6.9% |
| Profit (loss) carried forward | 14 | €151,283 | €151,283 | = | 0.0% |
| Amounts payable | 17/49 | €789,815 | €1,558,541 | +€768,727 | +97.3% |
| Amounts payable after more than one year | 17 | €504,763 | €543,850 | +€39,087 | +7.7% |
| Financial debts | 170/4 | €504,763 | €543,850 | +€39,087 | +7.7% |
| Amounts payable within one year | 42/48 | €285,052 | €1,014,691 | +€729,639 | +256% |
| Current portion of amounts payable after more than one year | 42 | €59,766 | €62,158 | +€2,393 | +4.0% |
| Trade debts | 44 | €203,863 | €947,312 | +€743,449 | +365% |
| Suppliers | 440/4 | €203,863 | €947,312 | +€743,449 | +365% |
| Taxes, remuneration and social security | 45 | €21,423 | €5,221 | -€16,203 | -75.6% |
| Taxes | 450/3 | €21,423 | €5,221 | -€16,203 | -75.6% |
| Remuneration, social security and pensions | 62 | €190,812 | €202,696 | +€11,884 | +6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €108,020 | €121,827 | +€13,807 | +12.8% |
| Other operating charges | 640/8 | €14,447 | €6,867 | -€7,580 | -52.5% |
| Gross operating margin | 9900 | €383,500 | €421,525 | +€38,025 | +9.9% |
| Operating profit (loss) | 9901 | €70,221 | €90,134 | +€19,913 | +28.4% |
| Financial income | 75/76B | €6,027 | €166 | -€5,861 | -97.3% |
| Recurring financial income | 75 | €6,027 | €166 | -€5,861 | -97.3% |
| Financial charges | 65/66B | €15,783 | €12,284 | -€3,500 | -22.2% |
| Recurring financial charges | 65 | €15,783 | €12,284 | -€3,500 | -22.2% |
| Profit (loss) for the period before taxes | 9903 | €60,465 | €78,017 | +€17,552 | +29.0% |
| Income taxes | 67/77 | €19,886 | €25,811 | +€5,925 | +29.8% |
| Profit (loss) for the period | 9904 | €40,579 | €52,205 | +€11,627 | +28.7% |
| Profit (loss) for the period to be appropriated | 9905 | €40,579 | €52,205 | +€11,627 | +28.7% |
Source: filed annual accounts (NBB), financial years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.