MJM QUALITY: 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 QUALITY
Largest movements
- Cash +€4,759
new in 2025: €4,759
mainly Net result for the year (+€25,710) and Tax, wage and social debts (+€4,529)
- Deferred charges and accrued income +€3,712
up €3,712 (+157%), from €2,357 to €6,069
- Receivables within one year -€2,100
down €2,100 (-15.4%), from €13,611 to €11,511
- Stocks and contracts +€2,000
up €2,000 (+8.9%), from €22,535 to €24,535
- Reserves +€25,710
up €25,710 (+36.6%), from €70,218 to €95,928
of which Distributable reserves: +€25,710
- Debts after one year -€15,191
no longer reported in 2025 (was €15,191)
- Tax, wage and social debts +€4,529
up €4,529 (+185%), from €2,445 to €6,974
- Short-term financial debts -€4,493
down €4,493 (-17.8%), from €25,297 to €20,804
- Trade debts +€3,250
up €3,250 (+50.6%), from €6,421 to €9,671
- Gross operating margin +€17,053
up €17,053 (+55.7%), from €30,629 to €47,682
- Taxes +€5,206
up €5,206 (+91.7%), from €5,677 to €10,883
- Financial charges -€1,921
down €1,921 (-27.6%), from €6,970 to €5,049
- Other operating charges +€1,671
up €1,671 (+73.5%), from €2,272 to €3,943
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 | €155,409 | €163,371 | +€7,962 | +5.1% |
| Fixed assets | 21/28 | €23,314 | €23,315 | +€1 | 0.0% |
| Tangible fixed assets | 22/27 | €21,034 | €21,035 | +€1 | 0.0% |
| Land and buildings | 22 | €12,680 | €11,248 | -€1,432 | -11.3% |
| Plant, machinery and equipment | 23 | €7,539 | €9,232 | +€1,693 | +22.5% |
| Furniture and vehicles | 24 | €815 | €555 | -€260 | -31.9% |
| Financial fixed assets | 28 | €2,280 | €2,280 | = | 0.0% |
| Current assets | 29/58 | €132,095 | €140,056 | +€7,961 | +6.0% |
| Amounts receivable after more than one year | 29 | €93,592 | €93,182 | -€410 | -0.4% |
| Other amounts receivable | 291 | €93,592 | €93,182 | -€410 | -0.4% |
| Stocks and contracts in progress | 3 | €22,535 | €24,535 | +€2,000 | +8.9% |
| Stocks | 30/36 | €22,535 | €24,535 | +€2,000 | +8.9% |
| Amounts receivable within one year | 40/41 | €13,611 | €11,511 | -€2,100 | -15.4% |
| Trade receivables | 40 | €13,611 | €11,511 | -€2,100 | -15.4% |
| Cash at bank and in hand | 54/58 | - | €4,759 | +€4,759 | |
| Deferred charges and accrued income | 490/1 | €2,357 | €6,069 | +€3,712 | +157% |
| Total equity and liabilities | 10/49 | €155,409 | €163,371 | +€7,962 | +5.1% |
| Equity | 10/15 | €82,618 | €108,328 | +€25,710 | +31.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €70,218 | €95,928 | +€25,710 | +36.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €68,358 | €94,068 | +€25,710 | +37.6% |
| Amounts payable | 17/49 | €72,791 | €55,043 | -€17,748 | -24.4% |
| Amounts payable after more than one year | 17 | €15,191 | - | -€15,191 | |
| Financial debts | 170/4 | €15,191 | - | -€15,191 | |
| Amounts payable within one year | 42/48 | €56,350 | €54,593 | -€1,757 | -3.1% |
| Current portion of amounts payable after more than one year | 42 | €20,187 | €17,144 | -€3,043 | -15.1% |
| Financial debts | 43 | €25,297 | €20,804 | -€4,493 | -17.8% |
| Credit institutions | 430/8 | €25,297 | €20,804 | -€4,493 | -17.8% |
| Trade debts | 44 | €6,421 | €9,671 | +€3,250 | +50.6% |
| Suppliers | 440/4 | €6,421 | €9,671 | +€3,250 | +50.6% |
| Taxes, remuneration and social security | 45 | €2,445 | €6,974 | +€4,529 | +185% |
| Taxes | 450/3 | €2,445 | €6,974 | +€4,529 | +185% |
| Other amounts payable | 47/48 | €2,000 | - | -€2,000 | |
| Accrued charges and deferred income | 492/3 | €1,250 | €450 | -€800 | -64.0% |
| Remuneration, social security and pensions | 62 | €225 | - | -€225 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,851 | €4,281 | +€430 | +11.2% |
| Other operating charges | 640/8 | €2,272 | €3,943 | +€1,671 | +73.5% |
| Gross operating margin | 9900 | €30,629 | €47,682 | +€17,053 | +55.7% |
| Operating profit (loss) | 9901 | €24,281 | €39,458 | +€15,177 | +62.5% |
| Financial income | 75/76B | €2,193 | €2,184 | -€9 | -0.4% |
| Recurring financial income | 75 | €2,193 | €2,184 | -€9 | -0.4% |
| Financial charges | 65/66B | €6,970 | €5,049 | -€1,921 | -27.6% |
| Recurring financial charges | 65 | €6,970 | €5,049 | -€1,921 | -27.6% |
| Profit (loss) for the period before taxes | 9903 | €19,504 | €36,593 | +€17,089 | +87.6% |
| Income taxes | 67/77 | €5,677 | €10,883 | +€5,206 | +91.7% |
| Profit (loss) for the period | 9904 | €13,827 | €25,710 | +€11,883 | +85.9% |
| Profit (loss) for the period to be appropriated | 9905 | €13,827 | €25,710 | +€11,883 | +85.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.