MJCM: 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.
MJCM
Largest movements
- Receivables within one year -€74,000
no longer reported in 2025 (was €74,000)
- Current investments +€48,000
up €48,000 (+43.5%), from €110,318 to €158,318
- Debts after one year -€296,500
down €296,500 (-82.2%), from €360,864 to €64,364
- Reserves +€221,775
up €221,775 (+19.4%), from €1.1m to €1.4m
- Tax, wage and social debts +€41,012
up €41,012 (+112%), from €36,477 to €77,489
- Financial income +€95,160
up €95,160 (+46.5%), from €204,840 to €300,000
- Taxes +€8,495
up €8,495 (+26.1%), from €32,551 to €41,046
- Gross operating margin +€713
up €713 (+1.9%), from €37,602 to €38,315
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 | €1,562,116 | €1,531,838 | -€30,278 | -1.9% |
| Fixed assets | 21/28 | €1,365,297 | €1,365,297 | = | 0.0% |
| Financial fixed assets | 28 | €1,365,297 | €1,365,297 | = | 0.0% |
| Current assets | 29/58 | €196,818 | €166,541 | -€30,278 | -15.4% |
| Amounts receivable within one year | 40/41 | €74,000 | - | -€74,000 | |
| Other amounts receivable | 41 | €74,000 | - | -€74,000 | |
| Current investments | 50/53 | €110,318 | €158,318 | +€48,000 | +43.5% |
| Cash at bank and in hand | 54/58 | €7,660 | €8,223 | +€563 | +7.3% |
| Deferred charges and accrued income | 490/1 | €4,840 | - | -€4,840 | |
| Total equity and liabilities | 10/49 | €1,562,116 | €1,531,838 | -€30,278 | -1.9% |
| Equity | 10/15 | €1,164,131 | €1,385,906 | +€221,775 | +19.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,145,581 | €1,367,356 | +€221,775 | +19.4% |
| Distributable reserves | 133 | €1,145,581 | €1,367,356 | +€221,775 | +19.4% |
| Amounts payable | 17/49 | €397,985 | €145,932 | -€252,052 | -63.3% |
| Amounts payable after more than one year | 17 | €360,864 | €64,364 | -€296,500 | -82.2% |
| Other amounts payable | 178/9 | €360,864 | €64,364 | -€296,500 | -82.2% |
| Amounts payable within one year | 42/48 | €37,121 | €81,569 | +€44,448 | +120% |
| Taxes, remuneration and social security | 45 | €36,477 | €77,489 | +€41,012 | +112% |
| Taxes | 450/3 | €36,477 | €77,489 | +€41,012 | +112% |
| Other amounts payable | 47/48 | €644 | €4,080 | +€3,436 | +534% |
| Other operating charges | 640/8 | €605 | €292 | -€313 | -51.8% |
| Gross operating margin | 9900 | €37,602 | €38,315 | +€713 | +1.9% |
| Operating profit (loss) | 9901 | €36,997 | €38,023 | +€1,026 | +2.8% |
| Financial income | 75/76B | €204,840 | €300,000 | +€95,160 | +46.5% |
| Recurring financial income | 75 | €204,840 | €300,000 | +€95,160 | +46.5% |
| Financial charges | 65/66B | €170 | €202 | +€32 | +18.9% |
| Recurring financial charges | 65 | €170 | €202 | +€32 | +18.9% |
| Profit (loss) for the period before taxes | 9903 | €241,667 | €337,821 | +€96,154 | +39.8% |
| Income taxes | 67/77 | €32,551 | €41,046 | +€8,495 | +26.1% |
| Profit (loss) for the period | 9904 | €209,115 | €296,775 | +€87,659 | +41.9% |
| Profit (loss) for the period to be appropriated | 9905 | €209,115 | €296,775 | +€87,659 | +41.9% |
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.