MJD PROJECTS: what changed
Two fiscal 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 PROJECTS
Largest movements
- Cash +€33,731
up €33,731 (+843.3%), from €4,000 to €37,731
mainly Net result for the year (+€31,819) and Tax, wage and social debts (+€14,615)
- Receivables within one year +€18,150
new in 2025: €18,150
- Tangible fixed assets +€1,447
new in 2025: €1,447
- Reserves +€31,819
new in 2025: €31,819
- Tax, wage and social debts +€14,615
new in 2025: €14,615
- Other debts +€5,829
new in 2025: €5,829
- Trade debts +€1,064
new in 2025: €1,064
- Gross operating margin +€42,429
new in 2025: €42,429
- Taxes +€9,709
new in 2025: €9,709
- Other operating charges +€803
new in 2025: €803
From the 2024 result to the 2025 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
Cash bridge derived
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 | €4,000 | €57,328 | +€53,328 | +1333.2% |
| Fixed assets | 21/28 | - | €1,447 | +€1,447 | |
| Tangible fixed assets | 22/27 | - | €1,447 | +€1,447 | |
| Plant, machinery and equipment | 23 | - | €1,447 | +€1,447 | |
| Current assets | 29/58 | €4,000 | €55,881 | +€51,881 | +1297.0% |
| Amounts receivable within one year | 40/41 | - | €18,150 | +€18,150 | |
| Trade receivables | 40 | - | €18,150 | +€18,150 | |
| Cash at bank and in hand | 54/58 | €4,000 | €37,731 | +€33,731 | +843.3% |
| Total equity and liabilities | 10/49 | €4,000 | €57,328 | +€53,328 | +1333.2% |
| Equity | 10/15 | €4,000 | €35,819 | +€31,819 | +795.5% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | - | €31,819 | +€31,819 | |
| Distributable reserves | 133 | - | €31,819 | +€31,819 | |
| Amounts payable | 17/49 | - | €21,508 | +€21,508 | |
| Amounts payable within one year | 42/48 | - | €21,508 | +€21,508 | |
| Trade debts | 44 | - | €1,064 | +€1,064 | |
| Suppliers | 440/4 | - | €1,064 | +€1,064 | |
| Taxes, remuneration and social security | 45 | - | €14,615 | +€14,615 | |
| Taxes | 450/3 | - | €14,615 | +€14,615 | |
| Other amounts payable | 47/48 | - | €5,829 | +€5,829 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €11 | +€11 | |
| Other operating charges | 640/8 | - | €803 | +€803 | |
| Gross operating margin | 9900 | - | €42,429 | +€42,429 | |
| Operating profit (loss) | 9901 | - | €41,615 | +€41,615 | |
| Financial charges | 65/66B | - | €87 | +€87 | |
| Recurring financial charges | 65 | - | €87 | +€87 | |
| Profit (loss) for the period before taxes | 9903 | - | €41,528 | +€41,528 | |
| Income taxes | 67/77 | - | €9,709 | +€9,709 | |
| Profit (loss) for the period | 9904 | - | €31,819 | +€31,819 | |
| Profit (loss) for the period to be appropriated | 9905 | - | €31,819 | +€31,819 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.