MJM Advisory: 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 Advisory
Largest movements
- Receivables within one year -€74,520
down €74,520 (-66.1%), from €112,743 to €38,222
of which Other amounts receivable: -€49,260
- Cash +€14,679
up €14,679 (+860%), from €1,707 to €16,386
mainly Receivables within one year (+€74,520) and Net result for the year (+€64,330)
- Tangible fixed assets -€13,800
down €13,800 (-24.1%), from €57,369 to €43,568
of which Plant, machinery and equipment: -€7,585
- Deferred charges and accrued income -€4,052
down €4,052 (-87.6%), from €4,626 to €574
- Reserves -€56,892
down €56,892 (-62.0%), from €91,810 to €34,918
- Trade debts -€24,191
down €24,191 (-85.6%), from €28,263 to €4,072
- Other debts +€5,331
up €5,331 (+10.7%), from €50,000 to €55,331
- Tax, wage and social debts -€1,942
down €1,942 (-37.5%), from €5,171 to €3,230
- Gross operating margin +€16,082
up €16,082 (+18.8%), from €85,723 to €101,805
- Depreciation +€5,458
up €5,458 (+48.3%), from €11,307 to €16,765
- Taxes +€2,476
up €2,476 (+16.2%), from €15,254 to €17,730
- Financial income -€2,010
down €2,010 (-100.0%), from €2,010 to €0
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 | €176,444 | €98,751 | -€77,693 | -44.0% |
| Fixed assets | 21/28 | €57,369 | €43,568 | -€13,800 | -24.1% |
| Tangible fixed assets | 22/27 | €57,369 | €43,568 | -€13,800 | -24.1% |
| Plant, machinery and equipment | 23 | €37,522 | €29,937 | -€7,585 | -20.2% |
| Furniture and vehicles | 24 | €19,847 | €13,632 | -€6,215 | -31.3% |
| Current assets | 29/58 | €119,076 | €55,182 | -€63,893 | -53.7% |
| Amounts receivable within one year | 40/41 | €112,743 | €38,222 | -€74,520 | -66.1% |
| Trade receivables | 40 | €63,261 | €38,000 | -€25,261 | -39.9% |
| Other amounts receivable | 41 | €49,482 | €222 | -€49,260 | -99.6% |
| Cash at bank and in hand | 54/58 | €1,707 | €16,386 | +€14,679 | +860% |
| Deferred charges and accrued income | 490/1 | €4,626 | €574 | -€4,052 | -87.6% |
| Total equity and liabilities | 10/49 | €176,444 | €98,751 | -€77,693 | -44.0% |
| Equity | 10/15 | €93,010 | €36,118 | -€56,892 | -61.2% |
| Contributions | 10/11 | €1,200 | €1,200 | = | 0.0% |
| Reserves | 13 | €91,810 | €34,918 | -€56,892 | -62.0% |
| Distributable reserves | 133 | €91,810 | €34,918 | -€56,892 | -62.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €83,434 | €62,632 | -€20,801 | -24.9% |
| Amounts payable within one year | 42/48 | €83,434 | €62,632 | -€20,801 | -24.9% |
| Trade debts | 44 | €28,263 | €4,072 | -€24,191 | -85.6% |
| Suppliers | 440/4 | €28,263 | €4,072 | -€24,191 | -85.6% |
| Taxes, remuneration and social security | 45 | €5,171 | €3,230 | -€1,942 | -37.5% |
| Taxes | 450/3 | €5,171 | €3,230 | -€1,942 | -37.5% |
| Other amounts payable | 47/48 | €50,000 | €55,331 | +€5,331 | +10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,307 | €16,765 | +€5,458 | +48.3% |
| Other operating charges | 640/8 | €1,308 | €507 | -€800 | -61.2% |
| Gross operating margin | 9900 | €85,723 | €101,805 | +€16,082 | +18.8% |
| Operating profit (loss) | 9901 | €73,109 | €84,533 | +€11,425 | +15.6% |
| Financial income | 75/76B | €2,010 | €0 | -€2,010 | -100.0% |
| Recurring financial income | 75 | €2,010 | €0 | -€2,010 | -100.0% |
| Financial charges | 65/66B | €1,839 | €2,474 | +€634 | +34.5% |
| Recurring financial charges | 65 | €1,839 | €2,474 | +€634 | +34.5% |
| Profit (loss) for the period before taxes | 9903 | €73,280 | €82,060 | +€8,780 | +12.0% |
| Income taxes | 67/77 | €15,254 | €17,730 | +€2,476 | +16.2% |
| Profit (loss) for the period | 9904 | €58,026 | €64,330 | +€6,305 | +10.9% |
| Profit (loss) for the period to be appropriated | 9905 | €58,026 | €64,330 | +€6,305 | +10.9% |
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 17 October 2026 via checked.be.