MJP: 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.
What changed
MJP
NACE 68.310, Real estate agency activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€52,592
2024 · -€74,051+€21,459
Equity
€2.5m
2024 · €2.5m-€52,592
Cash
€117,415
2024 · €153,870-€36,455
Balance sheet total
€4.0m
2024 · €4.2m-€172,982
Largest movements
Assets
- Tangible fixed assets -€130,198
down €130,198 (-3.3%), from €3.9m to €3.8m
of which Land and buildings: -€96,272
Equity and liabilities
- Other debts -€99,921
down €99,921 (-9.9%), from €1.0m to €909,069
- Reserves -€52,592
down €52,592 (-2.2%), from €2.4m to €2.3m
of which Tax-exempt reserves: -€61,619
Income statement
- Gross operating margin +€10,017
up €10,017 (+10.6%), from €94,383 to €104,400
- Staff costs +€1,184
up €1,184 (+4.2%), from €28,204 to €29,388
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.
Result 2024
-€74,051
Gross operating margin
+€10,017
Staff costs
-€1,184
Depreciation
-€509
Other operating charges
-€435
Other operating items
+€14,250
Financial income
-€32
Financial charges
+€6
Taxes
-€655
Result 2025
-€52,592
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.
From operations
-€33,616
Investment
-€2,657
Financing
-€181
Cash 2024
€153,870
From operations (derived)
-€33,616
Net result for the year
-€52,592
Depreciation
+€132,776
Receivables within one year
+€6,524
Smaller working-capital items
+€137
Provisions
-€20,540
Other debts
-€99,921
Investment (derived)
-€2,657
Investment in fixed assets (net)
-€2,578
Current investments
-€79
Financing
-€181
Short-term financial debts
-€181
Cash 2025
€117,415
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,165,300 | €3,992,319 | -€172,982 | -4.2% |
| Fixed assets | 21/28 | €3,939,231 | €3,809,033 | -€130,198 | -3.3% |
| Tangible fixed assets | 22/27 | €3,939,231 | €3,809,033 | -€130,198 | -3.3% |
| Land and buildings | 22 | €3,818,707 | €3,722,434 | -€96,272 | -2.5% |
| Plant, machinery and equipment | 23 | €2,353 | €1,782 | -€571 | -24.3% |
| Furniture and vehicles | 24 | €118,172 | €84,817 | -€33,355 | -28.2% |
| Current assets | 29/58 | €226,069 | €183,286 | -€42,783 | -18.9% |
| Amounts receivable within one year | 40/41 | €6,524 | €0 | -€6,524 | -100.0% |
| Trade receivables | 40 | €6,524 | €0 | -€6,524 | -100.0% |
| Current investments | 50/53 | €58,846 | €58,926 | +€79 | +0.1% |
| Cash at bank and in hand | 54/58 | €153,870 | €117,415 | -€36,455 | -23.7% |
| Deferred charges and accrued income | 490/1 | €6,829 | €6,945 | +€116 | +1.7% |
| Total equity and liabilities | 10/49 | €4,165,300 | €3,992,319 | -€172,982 | -4.2% |
| Equity | 10/15 | €2,523,191 | €2,470,599 | -€52,592 | -2.1% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Outside capital | 11 | €0 | - | = | |
| Other | 1109/19 | €0 | - | = | |
| Reserves | 13 | €2,373,191 | €2,320,599 | -€52,592 | -2.2% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Legal reserve | 130 | €15,000 | €15,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €1,856,101 | €1,794,482 | -€61,619 | -3.3% |
| Distributable reserves | 133 | €502,091 | €511,117 | +€9,026 | +1.8% |
| Provisions and deferred taxes | 16 | €615,647 | €595,107 | -€20,540 | -3.3% |
| Deferred taxes | 168 | €615,647 | €595,107 | -€20,540 | -3.3% |
| Amounts payable | 17/49 | €1,026,462 | €926,613 | -€99,850 | -9.7% |
| Amounts payable within one year | 42/48 | €1,024,562 | €924,640 | -€99,923 | -9.8% |
| Financial debts | 43 | €181 | €0 | -€181 | -100.0% |
| Credit institutions | 430/8 | €181 | €0 | -€181 | -100.0% |
| Trade debts | 44 | €6,447 | €6,731 | +€283 | +4.4% |
| Suppliers | 440/4 | €6,447 | €6,731 | +€283 | +4.4% |
| Taxes, remuneration and social security | 45 | €8,943 | €8,840 | -€103 | -1.2% |
| Taxes | 450/3 | €1,879 | €2,549 | +€670 | +35.6% |
| Remuneration and social security | 454/9 | €7,065 | €6,292 | -€773 | -10.9% |
| Other amounts payable | 47/48 | €1,008,990 | €909,069 | -€99,921 | -9.9% |
| Accrued charges and deferred income | 492/3 | €1,900 | €1,973 | +€73 | +3.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €28,204 | €29,388 | +€1,184 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €132,268 | €132,776 | +€509 | +0.4% |
| Other operating charges | 640/8 | €13,562 | €13,997 | +€435 | +3.2% |
| Non-recurring operating charges | 66A | €14,250 | €0 | -€14,250 | -100.0% |
| Gross operating margin | 9900 | €94,383 | €104,400 | +€10,017 | +10.6% |
| Operating profit (loss) | 9901 | -€93,901 | -€71,761 | +€22,140 | +23.6% |
| Financial income | 75/76B | €145 | €114 | -€32 | -21.8% |
| Recurring financial income | 75 | €145 | €114 | -€32 | -21.8% |
| Financial charges | 65/66B | €157 | €151 | -€6 | -3.5% |
| Recurring financial charges | 65 | €157 | €151 | -€6 | -3.5% |
| Profit (loss) for the period before taxes | 9903 | -€93,912 | -€71,799 | +€22,114 | +23.5% |
| Transfer from deferred taxes | 780 | €20,540 | €20,540 | = | 0.0% |
| Income taxes | 67/77 | €678 | €1,333 | +€655 | +96.6% |
| Profit (loss) for the period | 9904 | -€74,051 | -€52,592 | +€21,459 | +29.0% |
| Transfer from tax-exempt reserves | 789 | €61,619 | €61,619 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,432 | €9,026 | +€21,459 |
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.