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 -€8,735
down €8,735 (-20.0%), from €43,759 to €35,024
of which Furniture and vehicles: -€9,317
- Receivables within one year +€8,471
new in 2025: €8,471
of which Trade receivables: +€8,470
- Cash -€2,072
down €2,072 (-36.8%), from €5,625 to €3,552
mainly Contributions, distributions and other (-€14,396) and Debts after one year (-€9,112)
- Other debts +€11,306
up €11,306 (+4850.8%), from €233 to €11,539
- Debts after one year -€9,112
down €9,112 (-29.6%), from €30,777 to €21,665
- Reserves -€6,872
no longer reported in 2025 (was €6,872)
- Tax, wage and social debts +€2,210
up €2,210 (+35.4%), from €6,244 to €8,454
- Gross operating margin +€3,635
up €3,635 (+17.1%), from €21,263 to €24,898
- Depreciation +€2,310
up €2,310 (+28.1%), from €8,216 to €10,527
- Other operating charges +€464
up €464 (+18.3%), from €2,532 to €2,996
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 | €55,841 | €53,504 | -€2,337 | -4.2% |
| Fixed assets | 21/28 | €43,759 | €35,024 | -€8,735 | -20.0% |
| Tangible fixed assets | 22/27 | €43,759 | €35,024 | -€8,735 | -20.0% |
| Plant, machinery and equipment | 23 | - | €582 | +€582 | |
| Furniture and vehicles | 24 | €43,759 | €34,442 | -€9,317 | -21.3% |
| Current assets | 29/58 | €12,082 | €18,480 | +€6,399 | +53.0% |
| Amounts receivable after more than one year | 29 | €6,457 | €6,457 | = | 0.0% |
| Other amounts receivable | 291 | €6,457 | €6,457 | = | 0.0% |
| Amounts receivable within one year | 40/41 | - | €8,471 | +€8,471 | |
| Trade receivables | 40 | - | €8,470 | +€8,470 | |
| Other amounts receivable | 41 | - | €1 | +€1 | |
| Cash at bank and in hand | 54/58 | €5,625 | €3,552 | -€2,072 | -36.8% |
| Total equity and liabilities | 10/49 | €55,841 | €53,504 | -€2,337 | -4.2% |
| Equity | 10/15 | €8,872 | €2,000 | -€6,872 | -77.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €6,872 | - | -€6,872 | |
| Distributable reserves | 133 | €6,872 | - | -€6,872 | |
| Amounts payable | 17/49 | €46,969 | €51,504 | +€4,535 | +9.7% |
| Amounts payable after more than one year | 17 | €30,777 | €21,665 | -€9,112 | -29.6% |
| Financial debts | 170/4 | €30,777 | €21,665 | -€9,112 | -29.6% |
| Amounts payable within one year | 42/48 | €16,192 | €29,804 | +€13,611 | +84.1% |
| Current portion of amounts payable after more than one year | 42 | €8,809 | €9,112 | +€303 | +3.4% |
| Trade debts | 44 | €906 | €698 | -€209 | -23.0% |
| Suppliers | 440/4 | €906 | €698 | -€209 | -23.0% |
| Taxes, remuneration and social security | 45 | €6,244 | €8,454 | +€2,210 | +35.4% |
| Taxes | 450/3 | €6,244 | €8,454 | +€2,210 | +35.4% |
| Other amounts payable | 47/48 | €233 | €11,539 | +€11,306 | +4850.8% |
| Accrued charges and deferred income | 492/3 | - | €36 | +€36 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,216 | €10,527 | +€2,310 | +28.1% |
| Other operating charges | 640/8 | €2,532 | €2,996 | +€464 | +18.3% |
| Gross operating margin | 9900 | €21,263 | €24,898 | +€3,635 | +17.1% |
| Operating profit (loss) | 9901 | €10,515 | €11,375 | +€860 | +8.2% |
| Financial income | 75/76B | €456 | €391 | -€65 | -14.2% |
| Recurring financial income | 75 | €456 | €391 | -€65 | -14.2% |
| Financial charges | 65/66B | €1,277 | €1,491 | +€214 | +16.7% |
| Recurring financial charges | 65 | €1,277 | €1,491 | +€214 | +16.7% |
| Profit (loss) for the period before taxes | 9903 | €9,694 | €10,275 | +€582 | +6.0% |
| Income taxes | 67/77 | €2,822 | €2,751 | -€71 | -2.5% |
| Profit (loss) for the period | 9904 | €6,872 | €7,525 | +€653 | +9.5% |
| Profit (loss) for the period to be appropriated | 9905 | €6,872 | €7,525 | +€653 | +9.5% |
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 6 October 2026 via checked.be.