MJG Construct: 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.
MJG Construct
Largest movements
- Receivables within one year +€3,972
up €3,972 (+136%), from €2,921 to €6,894
of which Trade receivables: +€5,012
- Tangible fixed assets -€1,772
down €1,772 (-29.4%), from €6,032 to €4,260
of which Furniture and vehicles: -€1,105
- Cash -€512
down €512 (-21.6%), from €2,369 to €1,857
mainly Receivables within one year (-€3,972) and Tax, wage and social debts (-€2,806)
- Deferred charges and accrued income -€506
down €506 (-90.0%), from €562 to €56
- Tax, wage and social debts -€2,806
down €2,806 (-39.6%), from €7,079 to €4,273
of which Taxes: -€5,006
- Other debts +€2,402
up €2,402 (+2,741%), from €88 to €2,489
- Profit (loss) carried forward +€978
up €978 (+5.5%), from -€17,856 to -€16,878
- Trade debts +€609
up €609 (+31.7%), from €1,917 to €2,525
- Turnover +€48,002
new in 2025: €48,002
- Purchases and services +€42,182
new in 2025: €42,182
- Gross operating margin +€18,504
up €18,504, from -€12,684 to €5,821
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 | €11,884 | €13,066 | +€1,182 | +9.9% |
| Fixed assets | 21/28 | €6,032 | €4,260 | -€1,772 | -29.4% |
| Tangible fixed assets | 22/27 | €6,032 | €4,260 | -€1,772 | -29.4% |
| Plant, machinery and equipment | 23 | €1,897 | €1,229 | -€667 | -35.2% |
| Furniture and vehicles | 24 | €4,135 | €3,030 | -€1,105 | -26.7% |
| Current assets | 29/58 | €5,852 | €8,807 | +€2,955 | +50.5% |
| Amounts receivable within one year | 40/41 | €2,921 | €6,894 | +€3,972 | +136% |
| Trade receivables | 40 | €1,317 | €6,329 | +€5,012 | +381% |
| Other amounts receivable | 41 | €1,605 | €564 | -€1,040 | -64.8% |
| Cash at bank and in hand | 54/58 | €2,369 | €1,857 | -€512 | -21.6% |
| Deferred charges and accrued income | 490/1 | €562 | €56 | -€506 | -90.0% |
| Total equity and liabilities | 10/49 | €11,884 | €13,066 | +€1,182 | +9.9% |
| Equity | 10/15 | €2,801 | €3,779 | +€978 | +34.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €15,657 | €15,657 | = | 0.0% |
| Distributable reserves | 133 | €15,657 | €15,657 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,856 | -€16,878 | +€978 | +5.5% |
| Amounts payable | 17/49 | €9,083 | €9,287 | +€204 | +2.2% |
| Amounts payable within one year | 42/48 | €9,083 | €9,287 | +€204 | +2.2% |
| Trade debts | 44 | €1,917 | €2,525 | +€609 | +31.7% |
| Suppliers | 440/4 | €1,917 | €2,525 | +€609 | +31.7% |
| Taxes, remuneration and social security | 45 | €7,079 | €4,273 | -€2,806 | -39.6% |
| Taxes | 450/3 | €6,079 | €1,073 | -€5,006 | -82.4% |
| Remuneration and social security | 454/9 | €1,000 | €3,200 | +€2,200 | +220% |
| Other amounts payable | 47/48 | €88 | €2,489 | +€2,402 | +2,741% |
| Turnover | 70 | - | €48,002 | +€48,002 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €42,182 | +€42,182 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,319 | €2,341 | +€22 | +0.9% |
| Other operating charges | 640/8 | €406 | €202 | -€203 | -50.2% |
| Gross operating margin | 9900 | -€12,684 | €5,821 | +€18,504 | |
| Operating profit (loss) | 9901 | -€15,409 | €3,277 | +€18,686 | |
| Financial income | 75/76B | €9 | €0 | -€9 | -100% |
| Recurring financial income | 75 | €9 | €0 | -€9 | -100% |
| Financial charges | 65/66B | €2,296 | €2,149 | -€148 | -6.4% |
| Recurring financial charges | 65 | €2,296 | €2,149 | -€148 | -6.4% |
| Profit (loss) for the period before taxes | 9903 | -€17,696 | €1,129 | +€18,825 | |
| Income taxes | 67/77 | €160 | €150 | -€10 | -6.1% |
| Profit (loss) for the period | 9904 | -€17,856 | €978 | +€18,834 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,856 | €978 | +€18,834 |
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 14 October 2026 via checked.be.