MJE BUILD: 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.
MJE BUILD
Largest movements
- Receivables within one year -€152,646
down €152,646 (-49.0%), from €311,302 to €158,656
of which Trade receivables: -€159,294
- Cash -€28,668
down €28,668 (-39.4%), from €72,844 to €44,176
mainly Trade debts (-€214,256) and Investment in fixed assets (net) (-€2,486)
- Trade debts -€214,256
down €214,256 (-81.8%), from €261,949 to €47,693
- Profit (loss) carried forward +€21,825
up €21,825 (+26.9%), from €81,264 to €103,089
- Tax, wage and social debts +€11,845
up €11,845 (+27.4%), from €43,294 to €55,139
- Financial charges -€4,621
down €4,621 (-66.2%), from €6,982 to €2,361
- Gross operating margin -€4,157
down €4,157 (-5.7%), from €72,739 to €68,582
- Taxes -€1,914
down €1,914 (-5.5%), from €35,108 to €33,194
- Depreciation +€1,187
up €1,187 (+208%), from €571 to €1,758
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 | €391,807 | €211,221 | -€180,586 | -46.1% |
| Fixed assets | 21/28 | €7,661 | €8,389 | +€728 | +9.5% |
| Tangible fixed assets | 22/27 | €1,411 | €2,139 | +€728 | +51.6% |
| Plant, machinery and equipment | 23 | - | €1,934 | +€1,934 | |
| Furniture and vehicles | 24 | €1,411 | €205 | -€1,206 | -85.5% |
| Financial fixed assets | 28 | €6,250 | €6,250 | = | 0.0% |
| Current assets | 29/58 | €384,146 | €202,832 | -€181,314 | -47.2% |
| Amounts receivable within one year | 40/41 | €311,302 | €158,656 | -€152,646 | -49.0% |
| Trade receivables | 40 | €240,920 | €81,626 | -€159,294 | -66.1% |
| Other amounts receivable | 41 | €70,382 | €77,030 | +€6,648 | +9.4% |
| Cash at bank and in hand | 54/58 | €72,844 | €44,176 | -€28,668 | -39.4% |
| Total equity and liabilities | 10/49 | €391,807 | €211,221 | -€180,586 | -46.1% |
| Equity | 10/15 | €86,564 | €108,389 | +€21,825 | +25.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Capital | 10 | €5,000 | €5,000 | = | 0.0% |
| Issued capital | 100 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €300 | €300 | = | 0.0% |
| Non-distributable reserves | 130/1 | €300 | €300 | = | 0.0% |
| Legal reserve | 130 | €300 | €300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €81,264 | €103,089 | +€21,825 | +26.9% |
| Amounts payable | 17/49 | €305,243 | €102,832 | -€202,411 | -66.3% |
| Amounts payable within one year | 42/48 | €305,243 | €102,832 | -€202,411 | -66.3% |
| Trade debts | 44 | €261,949 | €47,693 | -€214,256 | -81.8% |
| Suppliers | 440/4 | €261,949 | €47,693 | -€214,256 | -81.8% |
| Taxes, remuneration and social security | 45 | €43,294 | €55,139 | +€11,845 | +27.4% |
| Taxes | 450/3 | €43,294 | €55,139 | +€11,845 | +27.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €571 | €1,758 | +€1,187 | +208% |
| Other operating charges | 640/8 | €10,702 | €10,345 | -€357 | -3.3% |
| Non-recurring operating charges | 66A | - | €2,157 | +€2,157 | |
| Gross operating margin | 9900 | €72,739 | €68,582 | -€4,157 | -5.7% |
| Operating profit (loss) | 9901 | €61,466 | €54,322 | -€7,144 | -11.6% |
| Financial income | 75/76B | €3,004 | €3,058 | +€54 | +1.8% |
| Recurring financial income | 75 | €3,004 | €3,058 | +€54 | +1.8% |
| Financial charges | 65/66B | €6,982 | €2,361 | -€4,621 | -66.2% |
| Recurring financial charges | 65 | €6,982 | €2,361 | -€4,621 | -66.2% |
| Profit (loss) for the period before taxes | 9903 | €57,488 | €55,019 | -€2,469 | -4.3% |
| Income taxes | 67/77 | €35,108 | €33,194 | -€1,914 | -5.5% |
| Profit (loss) for the period | 9904 | €22,380 | €21,825 | -€555 | -2.5% |
| Profit (loss) for the period to be appropriated | 9905 | €22,380 | €21,825 | -€555 | -2.5% |
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.