Mjv: 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.
Mjv
Largest movements
- Tangible fixed assets +€29,724
up €29,724 (+6.9%), from €433,212 to €462,936
of which Land and buildings: +€22,887
- Cash +€5,116
up €5,116 (+8838.5%), from €58 to €5,174
mainly Other debts (+€66,987) and Depreciation (+€15,773)
- Other debts +€66,987
up €66,987 (+39.3%), from €170,662 to €237,649
- Debts after one year -€19,278
down €19,278 (-5.9%), from €329,081 to €309,803
- Profit (loss) carried forward -€14,174
down €14,174 (-13.8%), from -€102,736 to -€116,910
- Gross operating margin +€4,584
up €4,584 (+53.8%), from €8,519 to €13,103
- Depreciation +€2,083
up €2,083 (+15.2%), from €13,691 to €15,773
- Other operating charges +€1,768
up €1,768 (+109.8%), from €1,610 to €3,378
- Financial charges +€1,599
up €1,599 (+24.5%), from €6,528 to €8,126
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 | €454,667 | €490,580 | +€35,913 | +7.9% |
| Fixed assets | 21/28 | €433,212 | €462,936 | +€29,724 | +6.9% |
| Tangible fixed assets | 22/27 | €433,212 | €462,936 | +€29,724 | +6.9% |
| Land and buildings | 22 | €433,120 | €456,007 | +€22,887 | +5.3% |
| Plant, machinery and equipment | 23 | - | €6,929 | +€6,929 | |
| Furniture and vehicles | 24 | €92 | - | -€92 | |
| Current assets | 29/58 | €21,455 | €27,644 | +€6,189 | +28.8% |
| Amounts receivable within one year | 40/41 | €21,397 | €22,470 | +€1,073 | +5.0% |
| Trade receivables | 40 | €15,020 | €18,178 | +€3,158 | +21.0% |
| Other amounts receivable | 41 | €6,377 | €4,292 | -€2,085 | -32.7% |
| Cash at bank and in hand | 54/58 | €58 | €5,174 | +€5,116 | +8838.5% |
| Total equity and liabilities | 10/49 | €454,667 | €490,580 | +€35,913 | +7.9% |
| Equity | 10/15 | -€72,736 | -€86,910 | -€14,174 | -19.5% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€102,736 | -€116,910 | -€14,174 | -13.8% |
| Amounts payable | 17/49 | €527,402 | €577,490 | +€50,088 | +9.5% |
| Amounts payable after more than one year | 17 | €329,081 | €309,803 | -€19,278 | -5.9% |
| Financial debts | 170/4 | €329,081 | €309,803 | -€19,278 | -5.9% |
| Amounts payable within one year | 42/48 | €197,821 | €266,937 | +€69,116 | +34.9% |
| Current portion of amounts payable after more than one year | 42 | €19,003 | €19,278 | +€276 | +1.5% |
| Trade debts | 44 | €7,618 | €7,967 | +€349 | +4.6% |
| Suppliers | 440/4 | €7,618 | €7,967 | +€349 | +4.6% |
| Taxes, remuneration and social security | 45 | €538 | €2,042 | +€1,504 | +279.7% |
| Taxes | 450/3 | €538 | €2,042 | +€1,504 | +279.7% |
| Other amounts payable | 47/48 | €170,662 | €237,649 | +€66,987 | +39.3% |
| Accrued charges and deferred income | 492/3 | €500 | €750 | +€250 | +50.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,691 | €15,773 | +€2,083 | +15.2% |
| Other operating charges | 640/8 | €1,610 | €3,378 | +€1,768 | +109.8% |
| Gross operating margin | 9900 | €8,519 | €13,103 | +€4,584 | +53.8% |
| Operating profit (loss) | 9901 | -€6,782 | -€6,048 | +€734 | +10.8% |
| Financial charges | 65/66B | €6,528 | €8,126 | +€1,599 | +24.5% |
| Recurring financial charges | 65 | €6,528 | €8,126 | +€1,599 | +24.5% |
| Profit (loss) for the period before taxes | 9903 | -€13,310 | -€14,174 | -€865 | -6.5% |
| Profit (loss) for the period | 9904 | -€13,310 | -€14,174 | -€865 | -6.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,310 | -€14,174 | -€865 | -6.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.