MLJ: 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.
MLJ
Largest movements
- Cash +€5,826
up €5,826 (+195%), from €2,991 to €8,817
mainly Net result for the year (+€32,369) and Trade debts (+€6,019)
- Receivables within one year +€4,418
up €4,418 (+8.2%), from €53,739 to €58,157
of which Other amounts receivable: +€9,039
- Tangible fixed assets -€3,688
down €3,688 (-22.6%), from €16,290 to €12,602
- Reserves +€32,369
up €32,369 (+41.9%), from €77,249 to €109,618
of which Distributable reserves: +€32,369
- Tax, wage and social debts -€24,320
down €24,320 (-73.1%), from €33,271 to €8,951
- Trade debts +€6,019
up €6,019 (+6,231%), from €97 to €6,116
- Current portion of long-term debt -€2,874
down €2,874 (-58.2%), from €4,939 to €2,065
- Debts after one year -€2,091
no longer reported in 2025 (was €2,091)
- Financial income -€12,191
down €12,191 (-92.9%), from €13,127 to €936
of which Non-recurring financial income: -€12,150
- Write-downs -€11,000
down €11,000 (-227%), from -€4,840 to -€15,841
- Taxes -€6,363
down €6,363 (-41.4%), from €15,366 to €9,003
- Gross operating margin -€5,461
down €5,461 (-15.4%), from €35,362 to €29,901
- Financial charges +€533
up €533 (+75.5%), from €707 to €1,240
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 | €139,328 | €147,032 | +€7,704 | +5.5% |
| Fixed assets | 21/28 | €16,290 | €12,602 | -€3,688 | -22.6% |
| Tangible fixed assets | 22/27 | €16,290 | €12,602 | -€3,688 | -22.6% |
| Furniture and vehicles | 24 | €16,290 | €12,602 | -€3,688 | -22.6% |
| Current assets | 29/58 | €123,038 | €134,429 | +€11,391 | +9.3% |
| Amounts receivable after more than one year | 29 | €65,000 | €65,000 | = | 0.0% |
| Other amounts receivable | 291 | €65,000 | €65,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €1,000 | €2,000 | +€1,000 | +100% |
| Stocks | 30/36 | €1,000 | €2,000 | +€1,000 | +100% |
| Amounts receivable within one year | 40/41 | €53,739 | €58,157 | +€4,418 | +8.2% |
| Trade receivables | 40 | €15,359 | €10,738 | -€4,622 | -30.1% |
| Other amounts receivable | 41 | €38,380 | €47,419 | +€9,039 | +23.6% |
| Cash at bank and in hand | 54/58 | €2,991 | €8,817 | +€5,826 | +195% |
| Deferred charges and accrued income | 490/1 | €307 | €455 | +€148 | +48.1% |
| Total equity and liabilities | 10/49 | €139,328 | €147,032 | +€7,704 | +5.5% |
| Equity | 10/15 | €83,576 | €115,945 | +€32,369 | +38.7% |
| Contributions | 10/11 | €6,327 | €6,327 | = | 0.0% |
| Reserves | 13 | €77,249 | €109,618 | +€32,369 | +41.9% |
| 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 | €75,389 | €107,758 | +€32,369 | +42.9% |
| Amounts payable | 17/49 | €55,752 | €31,087 | -€24,665 | -44.2% |
| Amounts payable after more than one year | 17 | €2,091 | - | -€2,091 | |
| Financial debts | 170/4 | €2,091 | - | -€2,091 | |
| Amounts payable within one year | 42/48 | €38,561 | €17,387 | -€21,174 | -54.9% |
| Current portion of amounts payable after more than one year | 42 | €4,939 | €2,065 | -€2,874 | -58.2% |
| Trade debts | 44 | €97 | €6,116 | +€6,019 | +6,231% |
| Suppliers | 440/4 | €97 | €6,116 | +€6,019 | +6,231% |
| Taxes, remuneration and social security | 45 | €33,271 | €8,951 | -€24,320 | -73.1% |
| Taxes | 450/3 | €33,271 | €8,951 | -€24,320 | -73.1% |
| Other amounts payable | 47/48 | €255 | €255 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €15,100 | €13,700 | -€1,400 | -9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,189 | €3,688 | +€499 | +15.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€4,840 | -€15,841 | -€11,000 | -227% |
| Other operating charges | 640/8 | €185 | €379 | +€194 | +105% |
| Gross operating margin | 9900 | €35,362 | €29,901 | -€5,461 | -15.4% |
| Operating profit (loss) | 9901 | €36,829 | €41,675 | +€4,846 | +13.2% |
| Financial income | 75/76B | €13,127 | €936 | -€12,191 | -92.9% |
| Recurring financial income | 75 | €977 | €936 | -€41 | -4.2% |
| Non-recurring financial income | 76B | €12,150 | - | -€12,150 | |
| Financial charges | 65/66B | €707 | €1,240 | +€533 | +75.5% |
| Recurring financial charges | 65 | €707 | €1,240 | +€533 | +75.5% |
| Profit (loss) for the period before taxes | 9903 | €49,249 | €41,371 | -€7,878 | -16.0% |
| Income taxes | 67/77 | €15,366 | €9,003 | -€6,363 | -41.4% |
| Profit (loss) for the period | 9904 | €33,883 | €32,369 | -€1,515 | -4.5% |
| Profit (loss) for the period to be appropriated | 9905 | €33,883 | €32,369 | -€1,515 | -4.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.