MJM Techniks: 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 Techniks
Largest movements
- Receivables within one year -€568,010
down €568,010 (-88.8%), from €639,525 to €71,514
of which Trade receivables: -€576,698
- Cash +€21,974
up €21,974 (+91.7%), from €23,975 to €45,949
mainly Receivables within one year (+€568,010) and Current portion of long-term debt (+€10,958)
- Reserves -€239,413
down €239,413 (-99.2%), from €241,273 to €1,860
of which Distributable reserves: -€239,413
- Trade debts -€181,296
down €181,296 (-68.1%), from €266,289 to €84,993
- Profit (loss) carried forward -€119,895
new in 2025: -€119,895
- Current portion of long-term debt +€10,958
up €10,958 (+43.6%), from €25,106 to €36,064
- Tax, wage and social debts -€10,686
down €10,686 (-68.0%), from €15,723 to €5,037
of which Taxes: -€9,007
- Write-downs +€375,039
new in 2025: €375,039
- Gross operating margin -€102,040
down €102,040 (-62.2%), from €164,097 to €62,057
- Taxes -€27,947
down €27,947 (-99.8%), from €28,007 to €60
- Staff costs -€11,280
down €11,280 (-24.7%), from €45,672 to €34,392
- Financial charges +€1,764
up €1,764 (+20.8%), from €8,470 to €10,234
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 | €671,217 | €125,675 | -€545,542 | -81.3% |
| Fixed assets | 21/28 | €3,696 | €2,866 | -€830 | -22.5% |
| Tangible fixed assets | 22/27 | €1,696 | €866 | -€830 | -48.9% |
| Plant, machinery and equipment | 23 | €1,696 | €866 | -€830 | -48.9% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €667,521 | €122,809 | -€544,712 | -81.6% |
| Amounts receivable within one year | 40/41 | €639,525 | €71,514 | -€568,010 | -88.8% |
| Trade receivables | 40 | €600,132 | €23,434 | -€576,698 | -96.1% |
| Other amounts receivable | 41 | €39,393 | €48,080 | +€8,688 | +22.1% |
| Cash at bank and in hand | 54/58 | €23,975 | €45,949 | +€21,974 | +91.7% |
| Deferred charges and accrued income | 490/1 | €4,022 | €5,346 | +€1,324 | +32.9% |
| Total equity and liabilities | 10/49 | €671,217 | €125,675 | -€545,542 | -81.3% |
| Equity | 10/15 | €247,635 | -€111,673 | -€359,308 | |
| Contributions | 10/11 | €6,362 | €6,362 | = | 0.0% |
| Reserves | 13 | €241,273 | €1,860 | -€239,413 | -99.2% |
| 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 | €239,413 | - | -€239,413 | |
| Profit (loss) carried forward | 14 | - | -€119,895 | -€119,895 | |
| Amounts payable | 17/49 | €423,582 | €237,348 | -€186,234 | -44.0% |
| Amounts payable after more than one year | 17 | €10,877 | €8,658 | -€2,218 | -20.4% |
| Financial debts | 170/4 | €10,877 | €8,658 | -€2,218 | -20.4% |
| Amounts payable within one year | 42/48 | €412,705 | €227,971 | -€184,734 | -44.8% |
| Current portion of amounts payable after more than one year | 42 | €25,106 | €36,064 | +€10,958 | +43.6% |
| Financial debts | 43 | €100,000 | €100,000 | = | 0.0% |
| Credit institutions | 430/8 | €100,000 | €100,000 | = | 0.0% |
| Trade debts | 44 | €266,289 | €84,993 | -€181,296 | -68.1% |
| Suppliers | 440/4 | €266,289 | €84,993 | -€181,296 | -68.1% |
| Taxes, remuneration and social security | 45 | €15,723 | €5,037 | -€10,686 | -68.0% |
| Taxes | 450/3 | €9,007 | - | -€9,007 | |
| Remuneration and social security | 454/9 | €6,716 | €5,037 | -€1,679 | -25.0% |
| Other amounts payable | 47/48 | €5,587 | €1,877 | -€3,711 | -66.4% |
| Accrued charges and deferred income | 492/3 | - | €719 | +€719 | |
| Remuneration, social security and pensions | 62 | €45,672 | €34,392 | -€11,280 | -24.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €713 | €830 | +€117 | +16.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €375,039 | +€375,039 | |
| Other operating charges | 640/8 | €129 | €810 | +€681 | +529% |
| Gross operating margin | 9900 | €164,097 | €62,057 | -€102,040 | -62.2% |
| Operating profit (loss) | 9901 | €117,583 | -€349,014 | -€466,598 | |
| Financial income | 75/76B | €20 | €0 | -€20 | -99.9% |
| Recurring financial income | 75 | €20 | €0 | -€20 | -99.9% |
| Financial charges | 65/66B | €8,470 | €10,234 | +€1,764 | +20.8% |
| Recurring financial charges | 65 | €8,470 | €10,234 | +€1,764 | +20.8% |
| Profit (loss) for the period before taxes | 9903 | €109,133 | -€359,248 | -€468,381 | |
| Income taxes | 67/77 | €28,007 | €60 | -€27,947 | -99.8% |
| Profit (loss) for the period | 9904 | €81,126 | -€359,308 | -€440,434 | |
| Profit (loss) for the period to be appropriated | 9905 | €81,126 | -€359,308 | -€440,434 |
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 18 October 2026 via checked.be.