MJF: 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.
MJF
Largest movements
- Cash +€7,755
up €7,755 (+62.0%), from €12,516 to €20,272
mainly Receivables within one year (+€5,767) and Depreciation (+€3,516)
- Receivables within one year -€5,767
no longer reported in 2025 (was €5,767)
- Tangible fixed assets -€3,516
down €3,516 (-37.8%), from €9,298 to €5,782
of which Furniture and vehicles: -€3,160
- Deferred charges and accrued income +€873
up €873 (+29.7%), from €2,939 to €3,811
- Reserves +€2,750
up €2,750 (+25.2%), from €10,900 to €13,650
- Debts after one year -€2,065
down €2,065 (-79.6%), from €2,595 to €530
- Tax, wage and social debts -€1,342
down €1,342 (-16.6%), from €8,091 to €6,749
- Gross operating margin -€9,669
down €9,669 (-51.7%), from €18,690 to €9,021
- Taxes -€1,678
down €1,678 (-46.8%), from €3,583 to €1,906
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.
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 | €30,520 | €29,865 | -€656 | -2.1% |
| Fixed assets | 21/28 | €9,298 | €5,782 | -€3,516 | -37.8% |
| Tangible fixed assets | 22/27 | €9,298 | €5,782 | -€3,516 | -37.8% |
| Plant, machinery and equipment | 23 | €1,610 | €1,254 | -€357 | -22.1% |
| Furniture and vehicles | 24 | €7,688 | €4,528 | -€3,160 | -41.1% |
| Current assets | 29/58 | €21,222 | €24,083 | +€2,861 | +13.5% |
| Amounts receivable within one year | 40/41 | €5,767 | - | -€5,767 | |
| Trade receivables | 40 | €5,767 | - | -€5,767 | |
| Cash at bank and in hand | 54/58 | €12,516 | €20,272 | +€7,755 | +62.0% |
| Deferred charges and accrued income | 490/1 | €2,939 | €3,811 | +€873 | +29.7% |
| Total equity and liabilities | 10/49 | €30,520 | €29,865 | -€656 | -2.1% |
| Equity | 10/15 | €12,914 | €15,674 | +€2,760 | +21.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €10,900 | €13,650 | +€2,750 | +25.2% |
| Distributable reserves | 133 | €10,900 | €13,650 | +€2,750 | +25.2% |
| Profit (loss) carried forward | 14 | €14 | €24 | +€10 | +75.1% |
| Amounts payable | 17/49 | €17,607 | €14,191 | -€3,416 | -19.4% |
| Amounts payable after more than one year | 17 | €2,595 | €530 | -€2,065 | -79.6% |
| Financial debts | 170/4 | €2,595 | €530 | -€2,065 | -79.6% |
| Amounts payable within one year | 42/48 | €13,011 | €11,661 | -€1,351 | -10.4% |
| Current portion of amounts payable after more than one year | 42 | €1,977 | €2,065 | +€88 | +4.4% |
| Trade debts | 44 | €1,070 | €789 | -€282 | -26.3% |
| Suppliers | 440/4 | €1,070 | €789 | -€282 | -26.3% |
| Taxes, remuneration and social security | 45 | €8,091 | €6,749 | -€1,342 | -16.6% |
| Taxes | 450/3 | €8,091 | €6,749 | -€1,342 | -16.6% |
| Other amounts payable | 47/48 | €1,873 | €2,058 | +€185 | +9.9% |
| Accrued charges and deferred income | 492/3 | €2,000 | €2,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,563 | €3,516 | -€47 | -1.3% |
| Other operating charges | 640/8 | €412 | €329 | -€84 | -20.3% |
| Non-recurring operating charges | 66A | - | €338 | +€338 | |
| Gross operating margin | 9900 | €18,690 | €9,021 | -€9,669 | -51.7% |
| Operating profit (loss) | 9901 | €14,714 | €4,838 | -€9,876 | -67.1% |
| Financial income | 75/76B | €46 | €119 | +€74 | +161.9% |
| Recurring financial income | 75 | €46 | €119 | +€74 | +161.9% |
| Financial charges | 65/66B | €263 | €292 | +€28 | +10.8% |
| Recurring financial charges | 65 | €263 | €292 | +€28 | +10.8% |
| Profit (loss) for the period before taxes | 9903 | €14,497 | €4,666 | -€9,831 | -67.8% |
| Income taxes | 67/77 | €3,583 | €1,906 | -€1,678 | -46.8% |
| Profit (loss) for the period | 9904 | €10,914 | €2,760 | -€8,153 | -74.7% |
| Profit (loss) for the period to be appropriated | 9905 | €10,914 | €2,760 | -€8,153 | -74.7% |
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 28 September 2026 via checked.be.