MJV SOUDANT: 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.
MJV SOUDANT
Largest movements
- Cash +€161,268
new in 2025: €161,268
mainly Other debts (+€183,092) and Current investments (+€139,740)
- Current investments -€139,740
no longer reported in 2025 (was €139,740)
- Receivables within one year +€37,909
up €37,909 (+23.8%), from €159,019 to €196,928
of which Trade receivables: +€36,909
- Tangible fixed assets -€9,056
down €9,056 (-7.9%), from €115,330 to €106,274
of which Plant, machinery and equipment: -€6,266
- Reserves -€183,472
no longer reported in 2025 (was €183,472)
- Other debts +€183,092
up €183,092 (+1,034%), from €17,704 to €200,796
- Trade debts +€94,676
up €94,676 (+232%), from €40,848 to €135,524
- Tax, wage and social debts -€18,541
down €18,541 (-41.1%), from €45,089 to €26,549
of which Taxes: -€21,265
- Debts after one year -€15,718
down €15,718 (-20.7%), from €75,970 to €60,252
- Gross operating margin +€48,309
up €48,309 (+20.0%), from €241,708 to €290,017
- Staff costs +€15,449
up €15,449 (+14.0%), from €110,693 to €126,142
- Taxes +€7,603
up €7,603 (+27.9%), from €27,265 to €34,868
- Depreciation -€6,682
down €6,682 (-19.8%), from €33,832 to €27,150
- Financial charges +€3,795
up €3,795 (+35.4%), from €10,734 to €14,529
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 | €419,889 | €475,360 | +€55,471 | +13.2% |
| Fixed assets | 21/28 | €115,980 | €109,624 | -€6,356 | -5.5% |
| Tangible fixed assets | 22/27 | €115,330 | €106,274 | -€9,056 | -7.9% |
| Plant, machinery and equipment | 23 | €89,314 | €83,049 | -€6,266 | -7.0% |
| Furniture and vehicles | 24 | €26,016 | €23,225 | -€2,791 | -10.7% |
| Financial fixed assets | 28 | €650 | €3,350 | +€2,700 | +415% |
| Current assets | 29/58 | €303,908 | €365,736 | +€61,828 | +20.3% |
| Amounts receivable within one year | 40/41 | €159,019 | €196,928 | +€37,909 | +23.8% |
| Trade receivables | 40 | €51,211 | €88,120 | +€36,909 | +72.1% |
| Other amounts receivable | 41 | €107,808 | €108,808 | +€1,000 | +0.9% |
| Current investments | 50/53 | €139,740 | - | -€139,740 | |
| Cash at bank and in hand | 54/58 | - | €161,268 | +€161,268 | |
| Deferred charges and accrued income | 490/1 | €5,150 | €7,540 | +€2,390 | +46.4% |
| Total equity and liabilities | 10/49 | €419,889 | €475,360 | +€55,471 | +13.2% |
| Equity | 10/15 | €203,472 | €20,000 | -€183,472 | -90.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €183,472 | - | -€183,472 | |
| Distributable reserves | 133 | €183,472 | - | -€183,472 | |
| Amounts payable | 17/49 | €216,416 | €455,360 | +€238,944 | +110% |
| Amounts payable after more than one year | 17 | €75,970 | €60,252 | -€15,718 | -20.7% |
| Financial debts | 170/4 | €75,970 | €60,252 | -€15,718 | -20.7% |
| Amounts payable within one year | 42/48 | €140,447 | €395,045 | +€254,599 | +181% |
| Current portion of amounts payable after more than one year | 42 | €36,805 | €32,177 | -€4,628 | -12.6% |
| Trade debts | 44 | €40,848 | €135,524 | +€94,676 | +232% |
| Suppliers | 440/4 | €40,848 | €135,524 | +€94,676 | +232% |
| Taxes, remuneration and social security | 45 | €45,089 | €26,549 | -€18,541 | -41.1% |
| Taxes | 450/3 | €34,135 | €12,870 | -€21,265 | -62.3% |
| Remuneration and social security | 454/9 | €10,955 | €13,679 | +€2,724 | +24.9% |
| Other amounts payable | 47/48 | €17,704 | €200,796 | +€183,092 | +1,034% |
| Accrued charges and deferred income | 492/3 | - | €63 | +€63 | |
| Remuneration, social security and pensions | 62 | €110,693 | €126,142 | +€15,449 | +14.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,832 | €27,150 | -€6,682 | -19.8% |
| Other operating charges | 640/8 | €6,283 | €7,451 | +€1,168 | +18.6% |
| Gross operating margin | 9900 | €241,708 | €290,017 | +€48,309 | +20.0% |
| Operating profit (loss) | 9901 | €90,900 | €129,273 | +€38,373 | +42.2% |
| Financial income | 75/76B | €4 | €1,696 | +€1,693 | +43,511% |
| Recurring financial income | 75 | €4 | €1,696 | +€1,693 | +43,511% |
| Financial charges | 65/66B | €10,734 | €14,529 | +€3,795 | +35.4% |
| Recurring financial charges | 65 | €10,734 | €14,529 | +€3,795 | +35.4% |
| Profit (loss) for the period before taxes | 9903 | €80,170 | €116,441 | +€36,271 | +45.2% |
| Income taxes | 67/77 | €27,265 | €34,868 | +€7,603 | +27.9% |
| Profit (loss) for the period | 9904 | €52,905 | €81,573 | +€28,668 | +54.2% |
| Profit (loss) for the period to be appropriated | 9905 | €52,905 | €81,573 | +€28,668 | +54.2% |
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 23 October 2026 via checked.be.