MJL: 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.
MJL
Largest movements
- Tangible fixed assets -€23,675
down €23,675 (-11.4%), from €208,162 to €184,487
of which Plant, machinery and equipment: -€14,657
- Cash +€3,766
up €3,766 (+327.9%), from €1,148 to €4,914
mainly Depreciation (+€25,001) and Other debts (+€2,662)
- Profit (loss) carried forward -€23,215
down €23,215 (-9.0%), from -€256,804 to -€280,018
- Other debts +€2,662
up €2,662 (+4.0%), from €67,072 to €69,735
- Depreciation +€2,229
up €2,229 (+9.8%), from €22,773 to €25,001
- Gross operating margin +€892
up €892 (+16.2%), from €5,512 to €6,405
- Other operating charges +€303
up €303 (+7.9%), from €3,841 to €4,143
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 | €210,332 | €191,087 | -€19,245 | -9.1% |
| Fixed assets | 21/28 | €208,162 | €184,487 | -€23,675 | -11.4% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €208,162 | €184,487 | -€23,675 | -11.4% |
| Land and buildings | 22 | €154,045 | €145,026 | -€9,019 | -5.9% |
| Plant, machinery and equipment | 23 | €54,118 | €39,461 | -€14,657 | -27.1% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €2,169 | €6,600 | +€4,431 | +204.2% |
| Amounts receivable within one year | 40/41 | €1,021 | €1,686 | +€665 | +65.1% |
| Trade receivables | 40 | - | €1,371 | +€1,371 | |
| Other amounts receivable | 41 | €1,021 | €315 | -€706 | -69.2% |
| Cash at bank and in hand | 54/58 | €1,148 | €4,914 | +€3,766 | +327.9% |
| Total equity and liabilities | 10/49 | €210,332 | €191,087 | -€19,245 | -9.1% |
| Equity | 10/15 | €143,196 | €119,982 | -€23,215 | -16.2% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Capital | 10 | €400,000 | €400,000 | = | 0.0% |
| Issued capital | 100 | €400,000 | €400,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€256,804 | -€280,018 | -€23,215 | -9.0% |
| Amounts payable | 17/49 | €67,135 | €71,106 | +€3,970 | +5.9% |
| Amounts payable within one year | 42/48 | €67,135 | €71,106 | +€3,970 | +5.9% |
| Trade debts | 44 | €63 | €1,371 | +€1,308 | +2075.9% |
| Suppliers | 440/4 | €63 | €1,371 | +€1,308 | +2075.9% |
| Other amounts payable | 47/48 | €67,072 | €69,735 | +€2,662 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,773 | €25,001 | +€2,229 | +9.8% |
| Other operating charges | 640/8 | €3,841 | €4,143 | +€303 | +7.9% |
| Gross operating margin | 9900 | €5,512 | €6,405 | +€892 | +16.2% |
| Operating profit (loss) | 9901 | -€21,101 | -€22,740 | -€1,639 | -7.8% |
| Financial charges | 65/66B | €466 | €475 | +€9 | +2.0% |
| Recurring financial charges | 65 | €466 | €475 | +€9 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | -€21,566 | -€23,215 | -€1,648 | -7.6% |
| Profit (loss) for the period | 9904 | -€21,566 | -€23,215 | -€1,648 | -7.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,566 | -€23,215 | -€1,648 | -7.6% |
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.