M.J.K CONCEPT: 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.
M.J.K CONCEPT
Largest movements
- Receivables within one year -€37,851
down €37,851 (-99.8%), from €37,927 to €75
of which Trade receivables: -€37,377
- Cash -€5,218
down €5,218 (-7.5%), from €69,123 to €63,905
mainly Trade debts (-€65,567) and Other debts (-€16,370)
- Stocks and contracts +€3,464
up €3,464 (+159%), from €2,172 to €5,636
- Tangible fixed assets -€3,308
down €3,308 (-10.2%), from €32,345 to €29,037
of which Other tangible fixed assets: -€6,041
- Trade debts -€65,567
down €65,567 (-87.4%), from €75,029 to €9,462
- Profit (loss) carried forward +€23,772
up €23,772 (+67.4%), from €35,263 to €59,034
- Other debts -€16,370
down €16,370 (-78.1%), from €20,948 to €4,577
- Tax, wage and social debts +€15,103
up €15,103 (+276%), from €5,477 to €20,580
of which Remuneration and social security: +€16,207
- Staff costs +€66,815
up €66,815 (+107%), from €62,187 to €129,002
- Gross operating margin +€54,318
up €54,318 (+57.6%), from €94,364 to €148,681
- Financial income +€18,033
up €18,033 (+224%), from €8,042 to €26,075
- Taxes -€3,102
down €3,102 (-100%), from €3,102 to €0
- Other operating charges +€2,573
up €2,573 (+48.0%), from €5,361 to €7,933
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 | €141,716 | €98,654 | -€43,063 | -30.4% |
| Fixed assets | 21/28 | €32,345 | €29,037 | -€3,308 | -10.2% |
| Tangible fixed assets | 22/27 | €32,345 | €29,037 | -€3,308 | -10.2% |
| Plant, machinery and equipment | 23 | €2,655 | €7,877 | +€5,222 | +197% |
| Furniture and vehicles | 24 | €12,469 | €9,979 | -€2,490 | -20.0% |
| Other tangible fixed assets | 26 | €17,222 | €11,181 | -€6,041 | -35.1% |
| Current assets | 29/58 | €109,371 | €69,617 | -€39,754 | -36.3% |
| Stocks and contracts in progress | 3 | €2,172 | €5,636 | +€3,464 | +159% |
| Stocks | 30/36 | €2,172 | €5,636 | +€3,464 | +159% |
| Amounts receivable within one year | 40/41 | €37,927 | €75 | -€37,851 | -99.8% |
| Trade receivables | 40 | €37,377 | €0 | -€37,377 | -100% |
| Other amounts receivable | 41 | €550 | €75 | -€475 | -86.3% |
| Cash at bank and in hand | 54/58 | €69,123 | €63,905 | -€5,218 | -7.5% |
| Deferred charges and accrued income | 490/1 | €149 | €0 | -€149 | -100% |
| Total equity and liabilities | 10/49 | €141,716 | €98,654 | -€43,063 | -30.4% |
| Equity | 10/15 | €40,263 | €64,034 | +€23,772 | +59.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,263 | €59,034 | +€23,772 | +67.4% |
| Amounts payable | 17/49 | €101,454 | €34,620 | -€66,834 | -65.9% |
| Amounts payable within one year | 42/48 | €101,454 | €34,620 | -€66,834 | -65.9% |
| Trade debts | 44 | €75,029 | €9,462 | -€65,567 | -87.4% |
| Suppliers | 440/4 | €75,029 | €9,462 | -€65,567 | -87.4% |
| Taxes, remuneration and social security | 45 | €5,477 | €20,580 | +€15,103 | +276% |
| Taxes | 450/3 | €5,429 | €4,325 | -€1,104 | -20.3% |
| Remuneration and social security | 454/9 | €48 | €16,255 | +€16,207 | +33,878% |
| Other amounts payable | 47/48 | €20,948 | €4,577 | -€16,370 | -78.1% |
| Remuneration, social security and pensions | 62 | €62,187 | €129,002 | +€66,815 | +107% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,109 | €12,286 | +€1,176 | +10.6% |
| Other operating charges | 640/8 | €5,361 | €7,933 | +€2,573 | +48.0% |
| Gross operating margin | 9900 | €94,364 | €148,681 | +€54,318 | +57.6% |
| Operating profit (loss) | 9901 | €15,707 | -€539 | -€16,246 | |
| Financial income | 75/76B | €8,042 | €26,075 | +€18,033 | +224% |
| Recurring financial income | 75 | €8,042 | €26,075 | +€18,033 | +224% |
| Financial charges | 65/66B | €1,521 | €1,765 | +€244 | +16.0% |
| Recurring financial charges | 65 | €1,521 | €1,765 | +€244 | +16.0% |
| Profit (loss) for the period before taxes | 9903 | €22,229 | €23,772 | +€1,543 | +6.9% |
| Income taxes | 67/77 | €3,102 | €0 | -€3,102 | -100% |
| Profit (loss) for the period | 9904 | €19,127 | €23,772 | +€4,645 | +24.3% |
| Profit (loss) for the period to be appropriated | 9905 | €19,127 | €23,772 | +€4,645 | +24.3% |
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.