MJSD: what changed
What changed
MJSD
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€239,670
2024 · €229,462+€10,207
Equity
€924,176
2024 · €734,506+€189,670
Cash
€39,310
2024 · €25,187+€14,123
Balance sheet total
€1.6m
2024 · €1.0m+€581,143
Largest movements
Assets
- Tangible fixed assets +€571,092
up €571,092 (+72.6%), from €786,386 to €1.4m
of which Assets under construction and advance payments: +€552,364
Equity and liabilities
- Debts after one year +€368,820
up €368,820 (+194%), from €189,647 to €558,467
- Reserves +€100,000
up €100,000 (+50.0%), from €200,000 to €300,000
- Profit (loss) carried forward +€89,670
up €89,670 (+16.8%), from €532,506 to €622,176
- Other debts +€38,715
up €38,715 (+158%), from €24,476 to €63,190
- Tax, wage and social debts -€16,021
down €16,021 (-33.0%), from €48,599 to €32,578
Income statement
- Gross operating margin +€43,623
up €43,623 (+13.1%), from €332,801 to €376,425
- Depreciation +€16,995
up €16,995 (+154%), from €11,039 to €28,034
- Financial charges +€13,712
up €13,712 (+1,264%), from €1,085 to €14,798
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€229,462
Gross operating margin
+€43,623
Staff costs
-€512
Depreciation
-€16,995
Other operating charges
+€408
Financial income
-€556
Financial charges
-€13,712
Taxes
-€2,048
Result 2025
€239,670
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€281,687
Investment
-€584,340
Financing
+€316,776
Cash 2024
€25,187
From operations (derived)
+€281,687
Net result for the year
+€239,670
Depreciation
+€28,034
Stocks and contracts
-€1,534
Receivables within one year
-€8,667
Smaller working-capital items
-€1,013
Trade debts
+€2,504
Tax, wage and social debts
-€16,021
Other debts
+€38,715
Investment (derived)
-€584,340
Investment in fixed assets (net)
-€599,126
Current investments
+€14,786
Financing
+€316,776
Debts after one year
+€368,820
Current portion of long-term debt
+€364
Short-term financial debts
-€2,408
Contributions, distributions and other
-€50,000
Cash 2025
€39,310
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,010,613 | €1,591,756 | +€581,143 | +57.5% |
| Fixed assets | 21/28 | €786,561 | €1,357,653 | +€571,092 | +72.6% |
| Tangible fixed assets | 22/27 | €786,386 | €1,357,478 | +€571,092 | +72.6% |
| Land and buildings | 22 | €607,197 | €621,797 | +€14,599 | +2.4% |
| Plant, machinery and equipment | 23 | €1,272 | €784 | -€489 | -38.4% |
| Furniture and vehicles | 24 | €6,900 | €12,601 | +€5,701 | +82.6% |
| Other tangible fixed assets | 26 | €120,668 | €119,584 | -€1,083 | -0.9% |
| Assets under construction and advance payments | 27 | €50,348 | €602,712 | +€552,364 | +1,097% |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €224,052 | €234,103 | +€10,051 | +4.5% |
| Stocks and contracts in progress | 3 | €667 | €2,201 | +€1,534 | +230% |
| Stocks | 30/36 | €667 | €2,201 | +€1,534 | +230% |
| Amounts receivable within one year | 40/41 | €153,290 | €161,957 | +€8,667 | +5.7% |
| Trade receivables | 40 | €150,190 | €161,736 | +€11,546 | +7.7% |
| Other amounts receivable | 41 | €3,100 | €221 | -€2,879 | -92.9% |
| Current investments | 50/53 | €42,000 | €27,214 | -€14,786 | -35.2% |
| Cash at bank and in hand | 54/58 | €25,187 | €39,310 | +€14,123 | +56.1% |
| Deferred charges and accrued income | 490/1 | €2,908 | €3,421 | +€513 | +17.7% |
| Total equity and liabilities | 10/49 | €1,010,613 | €1,591,756 | +€581,143 | +57.5% |
| Equity | 10/15 | €734,506 | €924,176 | +€189,670 | +25.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €200,000 | €300,000 | +€100,000 | +50.0% |
| Distributable reserves | 133 | €200,000 | €300,000 | +€100,000 | +50.0% |
| Profit (loss) carried forward | 14 | €532,506 | €622,176 | +€89,670 | +16.8% |
| Amounts payable | 17/49 | €276,107 | €667,581 | +€391,473 | +142% |
| Amounts payable after more than one year | 17 | €189,647 | €558,467 | +€368,820 | +194% |
| Financial debts | 170/4 | €189,647 | €558,467 | +€368,820 | +194% |
| Amounts payable within one year | 42/48 | €85,960 | €109,113 | +€23,153 | +26.9% |
| Current portion of amounts payable after more than one year | 42 | €10,353 | €10,717 | +€364 | +3.5% |
| Financial debts | 43 | €2,408 | - | -€2,408 | |
| Credit institutions | 430/8 | €2,408 | - | -€2,408 | |
| Trade debts | 44 | €125 | €2,628 | +€2,504 | +2,006% |
| Suppliers | 440/4 | €125 | €2,628 | +€2,504 | +2,006% |
| Taxes, remuneration and social security | 45 | €48,599 | €32,578 | -€16,021 | -33.0% |
| Taxes | 450/3 | €48,599 | €32,578 | -€16,021 | -33.0% |
| Other amounts payable | 47/48 | €24,476 | €63,190 | +€38,715 | +158% |
| Accrued charges and deferred income | 492/3 | €500 | €0 | -€500 | -100% |
| Remuneration, social security and pensions | 62 | -€433 | €79 | +€512 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,039 | €28,034 | +€16,995 | +154% |
| Other operating charges | 640/8 | €2,501 | €2,093 | -€408 | -16.3% |
| Gross operating margin | 9900 | €332,801 | €376,425 | +€43,623 | +13.1% |
| Operating profit (loss) | 9901 | €319,695 | €346,219 | +€26,524 | +8.3% |
| Financial income | 75/76B | €1,383 | €827 | -€556 | -40.2% |
| Recurring financial income | 75 | €1,383 | €827 | -€556 | -40.2% |
| Financial charges | 65/66B | €1,085 | €14,798 | +€13,712 | +1,264% |
| Recurring financial charges | 65 | €1,085 | €14,798 | +€13,712 | +1,264% |
| Profit (loss) for the period before taxes | 9903 | €319,993 | €332,248 | +€12,255 | +3.8% |
| Income taxes | 67/77 | €90,530 | €92,578 | +€2,048 | +2.3% |
| Profit (loss) for the period | 9904 | €229,462 | €239,670 | +€10,207 | +4.4% |
| Profit (loss) for the period to be appropriated | 9905 | €229,462 | €239,670 | +€10,207 | +4.4% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.