MJM: 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.
MJM
Largest movements
- Tangible fixed assets -€10,018
down €10,018 (-43.7%), from €22,936 to €12,918
of which Land and buildings: -€7,153
- Cash -€2,841
no longer reported in 2025 (was €2,841)
mainly Net result for the year (-€44,871) and Debts after one year (-€15,149)
- Receivables within one year -€1,019
down €1,019 (-3.2%), from €31,728 to €30,710
- Profit (loss) carried forward -€44,871
down €44,871 (-123.1%), from -€36,458 to -€81,329
- Trade debts +€43,579
up €43,579 (+733.4%), from €5,942 to €49,522
of which Bills of exchange payable: +€42,544
- Debts after one year -€15,149
down €15,149 (-30.2%), from €50,217 to €35,068
of which Financial debts: -€15,149
- Current portion of long-term debt +€2,175
up €2,175 (+19.0%), from €11,459 to €13,634
- Gross operating margin -€47,412
down €47,412, from €18,568 to -€28,843
- Purchases and services +€25,522
up €25,522 (+46.2%), from €55,205 to €80,727
- Turnover -€21,889
down €21,889 (-29.7%), from €73,774 to €51,884
- Taxes -€2,603
no longer reported in 2025 (was €2,603)
- Other operating charges +€2,046
new in 2025: €2,046
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 | €74,590 | €60,712 | -€13,878 | -18.6% |
| Fixed assets | 21/28 | €24,271 | €14,253 | -€10,018 | -41.3% |
| Tangible fixed assets | 22/27 | €22,936 | €12,918 | -€10,018 | -43.7% |
| Land and buildings | 22 | €14,339 | €7,186 | -€7,153 | -49.9% |
| Furniture and vehicles | 24 | €8,597 | €5,731 | -€2,866 | -33.3% |
| Financial fixed assets | 28 | €1,335 | €1,335 | = | 0.0% |
| Current assets | 29/58 | €50,319 | €46,460 | -€3,860 | -7.7% |
| Amounts receivable after more than one year | 29 | €15,750 | €15,750 | = | 0.0% |
| Other amounts receivable | 291 | €15,750 | €15,750 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €31,728 | €30,710 | -€1,019 | -3.2% |
| Other amounts receivable | 41 | €31,728 | €30,710 | -€1,019 | -3.2% |
| Cash at bank and in hand | 54/58 | €2,841 | - | -€2,841 | |
| Total equity and liabilities | 10/49 | €74,590 | €60,712 | -€13,878 | -18.6% |
| Equity | 10/15 | €2,440 | -€42,431 | -€44,871 | |
| Contributions | 10/11 | €18,000 | €18,000 | = | 0.0% |
| Contributions outside capital | 11 | €18,000 | €18,000 | = | 0.0% |
| Other | 1109/19 | €18,000 | €18,000 | = | 0.0% |
| Reserves | 13 | €20,897 | €20,897 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €16,000 | €16,000 | = | 0.0% |
| Distributable reserves | 133 | €3,037 | €3,037 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,458 | -€81,329 | -€44,871 | -123.1% |
| Amounts payable | 17/49 | €72,150 | €103,144 | +€30,993 | +43.0% |
| Amounts payable after more than one year | 17 | €50,217 | €35,068 | -€15,149 | -30.2% |
| Financial debts | 170/4 | €49,217 | €34,068 | -€15,149 | -30.8% |
| Other amounts payable | 178/9 | €1,000 | €1,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €21,933 | €68,076 | +€46,142 | +210.4% |
| Current portion of amounts payable after more than one year | 42 | €11,459 | €13,634 | +€2,175 | +19.0% |
| Trade debts | 44 | €5,942 | €49,522 | +€43,579 | +733.4% |
| Suppliers | 440/4 | €5,942 | €6,978 | +€1,035 | +17.4% |
| Bills of exchange payable | 441 | - | €42,544 | +€42,544 | |
| Taxes, remuneration and social security | 45 | €4,532 | €4,920 | +€388 | +8.6% |
| Taxes | 450/3 | €4,532 | €4,920 | +€388 | +8.6% |
| Turnover | 70 | €73,774 | €51,884 | -€21,889 | -29.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €55,205 | €80,727 | +€25,522 | +46.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,018 | €10,018 | = | 0.0% |
| Other operating charges | 640/8 | - | €2,046 | +€2,046 | |
| Gross operating margin | 9900 | €18,568 | -€28,843 | -€47,412 | |
| Operating profit (loss) | 9901 | €8,550 | -€40,907 | -€49,457 | |
| Financial charges | 65/66B | €4,053 | €3,964 | -€89 | -2.2% |
| Recurring financial charges | 65 | €4,053 | €3,964 | -€89 | -2.2% |
| Profit (loss) for the period before taxes | 9903 | €4,497 | -€44,871 | -€49,368 | |
| Income taxes | 67/77 | €2,603 | - | -€2,603 | |
| Profit (loss) for the period | 9904 | €1,893 | -€44,871 | -€46,765 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,893 | -€44,871 | -€46,765 |
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 10 October 2026 via checked.be.