MJP & T: 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.
MJP & T
Largest movements
- Tangible fixed assets +€29,474
up €29,474 (+108.9%), from €27,054 to €56,528
of which Furniture and vehicles: +€34,579
- Cash +€9,912
up €9,912 (+71.3%), from €13,892 to €23,804
mainly Depreciation (+€21,097) and Trade debts (+€11,146)
- Current investments -€2,853
down €2,853 (-4.7%), from €60,498 to €57,645
- Stocks and contracts +€2,260
up €2,260 (+3.9%), from €58,119 to €60,379
- Trade debts +€11,146
up €11,146 (+18.3%), from €60,864 to €72,010
- Debts after one year +€9,884
up €9,884 (+69.6%), from €14,198 to €24,082
- Current portion of long-term debt +€7,231
up €7,231 (+62.8%), from €11,514 to €18,745
- Other debts +€5,407
up €5,407 (+702.4%), from €770 to €6,177
- Tax, wage and social debts +€3,257
up €3,257 (+96.3%), from €3,383 to €6,640
of which Remuneration and social security: +€1,700
- Gross operating margin +€8,588
up €8,588 (+26.5%), from €32,448 to €41,036
- Depreciation +€5,794
up €5,794 (+37.9%), from €15,303 to €21,097
- Financial charges +€1,600
up €1,600 (+20.1%), from €7,954 to €9,554
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 | €181,373 | €218,178 | +€36,805 | +20.3% |
| Fixed assets | 21/28 | €35,384 | €64,858 | +€29,474 | +83.3% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €27,054 | €56,528 | +€29,474 | +108.9% |
| Land and buildings | 22 | €16,550 | €8,762 | -€7,788 | -47.1% |
| Plant, machinery and equipment | 23 | €6,435 | €9,117 | +€2,682 | +41.7% |
| Furniture and vehicles | 24 | €4,070 | €38,649 | +€34,579 | +849.7% |
| Financial fixed assets | 28 | €8,330 | €8,330 | = | 0.0% |
| Current assets | 29/58 | €145,988 | €153,320 | +€7,332 | +5.0% |
| Stocks and contracts in progress | 3 | €58,119 | €60,379 | +€2,260 | +3.9% |
| Stocks | 30/36 | €58,119 | €60,379 | +€2,260 | +3.9% |
| Amounts receivable within one year | 40/41 | €13,479 | €11,493 | -€1,987 | -14.7% |
| Trade receivables | 40 | €10,645 | €9,406 | -€1,239 | -11.6% |
| Other amounts receivable | 41 | €2,834 | €2,087 | -€748 | -26.4% |
| Current investments | 50/53 | €60,498 | €57,645 | -€2,853 | -4.7% |
| Cash at bank and in hand | 54/58 | €13,892 | €23,804 | +€9,912 | +71.3% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €181,373 | €218,178 | +€36,805 | +20.3% |
| Equity | 10/15 | €90,644 | €90,525 | -€119 | -0.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €84,444 | €84,325 | -€119 | -0.1% |
| Distributable reserves | 133 | €84,444 | €84,325 | -€119 | -0.1% |
| Amounts payable | 17/49 | €90,728 | €127,653 | +€36,925 | +40.7% |
| Amounts payable after more than one year | 17 | €14,198 | €24,082 | +€9,884 | +69.6% |
| Financial debts | 170/4 | €14,198 | €24,082 | +€9,884 | +69.6% |
| Amounts payable within one year | 42/48 | €76,531 | €103,571 | +€27,041 | +35.3% |
| Current portion of amounts payable after more than one year | 42 | €11,514 | €18,745 | +€7,231 | +62.8% |
| Trade debts | 44 | €60,864 | €72,010 | +€11,146 | +18.3% |
| Suppliers | 440/4 | €60,864 | €72,010 | +€11,146 | +18.3% |
| Taxes, remuneration and social security | 45 | €3,383 | €6,640 | +€3,257 | +96.3% |
| Taxes | 450/3 | €3,233 | €4,790 | +€1,557 | +48.2% |
| Remuneration and social security | 454/9 | €150 | €1,850 | +€1,700 | +1133.3% |
| Other amounts payable | 47/48 | €770 | €6,177 | +€5,407 | +702.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,303 | €21,097 | +€5,794 | +37.9% |
| Other operating charges | 640/8 | €1,783 | €1,770 | -€13 | -0.7% |
| Gross operating margin | 9900 | €32,448 | €41,036 | +€8,588 | +26.5% |
| Operating profit (loss) | 9901 | €15,362 | €18,169 | +€2,807 | +18.3% |
| Financial income | 75/76B | €298 | €345 | +€47 | +15.8% |
| Recurring financial income | 75 | €298 | €345 | +€47 | +15.8% |
| Financial charges | 65/66B | €7,954 | €9,554 | +€1,600 | +20.1% |
| Recurring financial charges | 65 | €7,954 | €9,554 | +€1,600 | +20.1% |
| Profit (loss) for the period before taxes | 9903 | €7,706 | €8,960 | +€1,254 | +16.3% |
| Income taxes | 67/77 | €2,515 | €2,922 | +€407 | +16.2% |
| Profit (loss) for the period | 9904 | €5,191 | €6,038 | +€847 | +16.3% |
| Profit (loss) for the period to be appropriated | 9905 | €5,191 | €6,038 | +€847 | +16.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.