MJCM IMMO: 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 IMMO
Largest movements
- Receivables after one year -€350,864
no longer reported in 2025 (was €350,864)
- Receivables within one year -€319,709
down €319,709 (-98.5%), from €324,674 to €4,964
of which Trade receivables: -€324,674
- Cash -€41,818
down €41,818 (-95.4%), from €43,818 to €2,000
mainly Other debts (-€300,000) and Contributions, distributions and other (-€133,207)
- Tangible fixed assets -€37,814
down €37,814 (-4.2%), from €904,214 to €866,400
of which Land and buildings: -€27,360
- Other debts -€300,000
no longer reported in 2025 (was €300,000)
- Tax, wage and social debts -€111,879
down €111,879 (-87.9%), from €127,292 to €15,413
of which Taxes: -€88,904
- Short-term financial debts -€92,726
no longer reported in 2025 (was €92,726)
- Debts after one year -€86,184
down €86,184 (-11.1%), from €776,038 to €689,854
- Reserves -€79,731
down €79,731 (-70.0%), from €113,842 to €34,111
- Gross operating margin -€639,380
down €639,380 (-86.2%), from €741,311 to €101,931
- Staff costs -€207,461
no longer reported in 2025 (was €207,461)
- Taxes -€101,162
down €101,162 (-86.8%), from €116,575 to €15,413
- Other operating charges -€66,627
no longer reported in 2025 (was €66,627)
- Write-downs +€13,325
no longer reported in 2025 (was -€13,325)
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 | €1,635,544 | €873,364 | -€762,180 | -46.6% |
| Fixed assets | 21/28 | €904,324 | €866,400 | -€37,924 | -4.2% |
| Tangible fixed assets | 22/27 | €904,214 | €866,400 | -€37,814 | -4.2% |
| Land and buildings | 22 | €893,760 | €866,400 | -€27,360 | -3.1% |
| Plant, machinery and equipment | 23 | €10,271 | - | -€10,271 | |
| Furniture and vehicles | 24 | €182 | - | -€182 | |
| Financial fixed assets | 28 | €110 | - | -€110 | |
| Current assets | 29/58 | €731,220 | €6,964 | -€724,256 | -99.0% |
| Amounts receivable after more than one year | 29 | €350,864 | - | -€350,864 | |
| Other amounts receivable | 291 | €350,864 | - | -€350,864 | |
| Amounts receivable within one year | 40/41 | €324,674 | €4,964 | -€319,709 | -98.5% |
| Trade receivables | 40 | €324,674 | - | -€324,674 | |
| Other amounts receivable | 41 | - | €4,964 | +€4,964 | |
| Cash at bank and in hand | 54/58 | €43,818 | €2,000 | -€41,818 | -95.4% |
| Deferred charges and accrued income | 490/1 | €11,865 | - | -€11,865 | |
| Total equity and liabilities | 10/49 | €1,635,544 | €873,364 | -€762,180 | -46.6% |
| Equity | 10/15 | €190,197 | €99,331 | -€90,866 | -47.8% |
| Contributions | 10/11 | €18,600 | €5,573 | -€13,027 | -70.0% |
| Reserves | 13 | €113,842 | €34,111 | -€79,731 | -70.0% |
| Distributable reserves | 133 | €113,842 | €34,111 | -€79,731 | -70.0% |
| Profit (loss) carried forward | 14 | €57,754 | €59,646 | +€1,892 | +3.3% |
| Amounts payable | 17/49 | €1,445,348 | €774,034 | -€671,314 | -46.4% |
| Amounts payable after more than one year | 17 | €776,038 | €689,854 | -€86,184 | -11.1% |
| Financial debts | 170/4 | €776,038 | €689,854 | -€86,184 | -11.1% |
| Amounts payable within one year | 42/48 | €669,310 | €77,793 | -€591,516 | -88.4% |
| Current portion of amounts payable after more than one year | 42 | €94,456 | €62,380 | -€32,075 | -34.0% |
| Financial debts | 43 | €92,726 | - | -€92,726 | |
| Credit institutions | 430/8 | €92,726 | - | -€92,726 | |
| Trade debts | 44 | €54,836 | - | -€54,836 | |
| Suppliers | 440/4 | €54,836 | - | -€54,836 | |
| Taxes, remuneration and social security | 45 | €127,292 | €15,413 | -€111,879 | -87.9% |
| Taxes | 450/3 | €104,317 | €15,413 | -€88,904 | -85.2% |
| Remuneration and social security | 454/9 | €22,975 | - | -€22,975 | |
| Other amounts payable | 47/48 | €300,000 | - | -€300,000 | |
| Accrued charges and deferred income | 492/3 | - | €6,387 | +€6,387 | |
| Remuneration, social security and pensions | 62 | €207,461 | - | -€207,461 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,612 | €27,360 | -€5,252 | -16.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€13,325 | - | +€13,325 | |
| Other operating charges | 640/8 | €66,627 | - | -€66,627 | |
| Gross operating margin | 9900 | €741,311 | €101,931 | -€639,380 | -86.2% |
| Operating profit (loss) | 9901 | €447,935 | €74,571 | -€373,364 | -83.4% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €22,693 | €16,817 | -€5,876 | -25.9% |
| Recurring financial charges | 65 | €22,693 | €16,817 | -€5,876 | -25.9% |
| Profit (loss) for the period before taxes | 9903 | €425,245 | €57,754 | -€367,491 | -86.4% |
| Income taxes | 67/77 | €116,575 | €15,413 | -€101,162 | -86.8% |
| Profit (loss) for the period | 9904 | €308,670 | €42,341 | -€266,330 | -86.3% |
| Profit (loss) for the period to be appropriated | 9905 | €308,670 | €42,341 | -€266,330 | -86.3% |
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 18 October 2026 via checked.be.