MJD & PARTNERS: 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.
MJD & PARTNERS
Largest movements
- Cash +€32,415
up €32,415 (+32.7%), from €99,038 to €131,453
mainly Net result for the year (+€23,532) and Receivables within one year (+€8,991)
- Receivables within one year -€8,991
down €8,991 (-36.6%), from €24,596 to €15,604
of which Trade receivables: -€8,138
- Reserves +€23,532
up €23,532 (+21.3%), from €110,421 to €133,953
- Gross operating margin +€9,465
up €9,465 (+37.5%), from €25,252 to €34,718
- Taxes +€2,928
up €2,928 (+45.2%), from €6,477 to €9,405
- Write-downs -€700
no longer reported in 2025 (was €700)
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 | €126,788 | €150,491 | +€23,703 | +18.7% |
| Fixed assets | 21/28 | €2,601 | €1,569 | -€1,032 | -39.7% |
| Tangible fixed assets | 22/27 | €2,601 | €1,569 | -€1,032 | -39.7% |
| Furniture and vehicles | 24 | €2,601 | €1,569 | -€1,032 | -39.7% |
| Current assets | 29/58 | €124,187 | €148,922 | +€24,735 | +19.9% |
| Amounts receivable within one year | 40/41 | €24,596 | €15,604 | -€8,991 | -36.6% |
| Trade receivables | 40 | €22,824 | €14,686 | -€8,138 | -35.7% |
| Other amounts receivable | 41 | €1,772 | €918 | -€854 | -48.2% |
| Cash at bank and in hand | 54/58 | €99,038 | €131,453 | +€32,415 | +32.7% |
| Deferred charges and accrued income | 490/1 | €554 | €1,865 | +€1,311 | +237% |
| Total equity and liabilities | 10/49 | €126,788 | €150,491 | +€23,703 | +18.7% |
| Equity | 10/15 | €112,021 | €135,553 | +€23,532 | +21.0% |
| Contributions | 10/11 | €1,600 | €1,600 | = | 0.0% |
| Reserves | 13 | €110,421 | €133,953 | +€23,532 | +21.3% |
| Distributable reserves | 133 | €110,421 | €133,953 | +€23,532 | +21.3% |
| Amounts payable | 17/49 | €14,767 | €14,938 | +€171 | +1.2% |
| Amounts payable within one year | 42/48 | €14,767 | €14,938 | +€171 | +1.2% |
| Trade debts | 44 | €939 | €1,771 | +€832 | +88.6% |
| Suppliers | 440/4 | €939 | €1,771 | +€832 | +88.6% |
| Taxes, remuneration and social security | 45 | €13,405 | €12,744 | -€661 | -4.9% |
| Taxes | 450/3 | €13,405 | €12,744 | -€661 | -4.9% |
| Other amounts payable | 47/48 | €423 | €423 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,032 | €1,032 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €700 | - | -€700 | |
| Other operating charges | 640/8 | €972 | €1,242 | +€269 | +27.7% |
| Gross operating margin | 9900 | €25,252 | €34,718 | +€9,465 | +37.5% |
| Operating profit (loss) | 9901 | €22,548 | €32,444 | +€9,896 | +43.9% |
| Financial income | 75/76B | €361 | €588 | +€227 | +62.9% |
| Recurring financial income | 75 | €361 | €588 | +€227 | +62.9% |
| Financial charges | 65/66B | €96 | €94 | -€1 | -1.5% |
| Recurring financial charges | 65 | €96 | €94 | -€1 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | €22,813 | €32,937 | +€10,125 | +44.4% |
| Income taxes | 67/77 | €6,477 | €9,405 | +€2,928 | +45.2% |
| Profit (loss) for the period | 9904 | €16,336 | €23,532 | +€7,196 | +44.1% |
| Profit (loss) for the period to be appropriated | 9905 | €16,336 | €23,532 | +€7,196 | +44.1% |
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 19 October 2026 via checked.be.