MJ Management: 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.
MJ Management
Largest movements
- Cash +€17,001
up €17,001 (+15.9%), from €107,013 to €124,013
mainly Net result for the year (+€33,020) and Tax, wage and social debts (+€5,236)
- Reserves +€10,058
up €10,058 (+9.4%), from €106,588 to €116,646
- Tax, wage and social debts +€5,236
up €5,236 (+59.3%), from €8,831 to €14,067
- Taxes +€3,149
up €3,149 (+23.6%), from €13,357 to €16,506
- Gross operating margin +€2,367
up €2,367 (+4.9%), from €48,051 to €50,418
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 | €122,118 | €139,501 | +€17,383 | +14.2% |
| Fixed assets | 21/28 | €1,031 | €808 | -€222 | -21.6% |
| Tangible fixed assets | 22/27 | €1,031 | €808 | -€222 | -21.6% |
| Furniture and vehicles | 24 | €1,031 | €808 | -€222 | -21.6% |
| Current assets | 29/58 | €121,088 | €138,693 | +€17,606 | +14.5% |
| Amounts receivable within one year | 40/41 | €14,075 | €14,680 | +€605 | +4.3% |
| Trade receivables | 40 | €9,075 | €9,680 | +€605 | +6.7% |
| Other amounts receivable | 41 | €5,000 | €5,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €107,013 | €124,013 | +€17,001 | +15.9% |
| Total equity and liabilities | 10/49 | €122,118 | €139,501 | +€17,383 | +14.2% |
| Equity | 10/15 | €109,588 | €119,646 | +€10,058 | +9.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €106,588 | €116,646 | +€10,058 | +9.4% |
| Distributable reserves | 133 | €106,588 | €116,646 | +€10,058 | +9.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €12,530 | €19,855 | +€7,325 | +58.5% |
| Amounts payable within one year | 42/48 | €12,530 | €19,855 | +€7,325 | +58.5% |
| Trade debts | 44 | €3,675 | €4,995 | +€1,320 | +35.9% |
| Suppliers | 440/4 | €3,675 | €4,995 | +€1,320 | +35.9% |
| Taxes, remuneration and social security | 45 | €8,831 | €14,067 | +€5,236 | +59.3% |
| Taxes | 450/3 | €8,831 | €14,067 | +€5,236 | +59.3% |
| Other amounts payable | 47/48 | €24 | €793 | +€769 | +3,233% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81 | €222 | +€141 | +174% |
| Other operating charges | 640/8 | €569 | €585 | +€16 | +2.9% |
| Gross operating margin | 9900 | €48,051 | €50,418 | +€2,367 | +4.9% |
| Operating profit (loss) | 9901 | €47,401 | €49,610 | +€2,210 | +4.7% |
| Financial charges | 65/66B | €74 | €84 | +€11 | +14.6% |
| Recurring financial charges | 65 | €74 | €84 | +€11 | +14.6% |
| Profit (loss) for the period before taxes | 9903 | €47,327 | €49,526 | +€2,199 | +4.6% |
| Income taxes | 67/77 | €13,357 | €16,506 | +€3,149 | +23.6% |
| Profit (loss) for the period | 9904 | €33,970 | €33,020 | -€950 | -2.8% |
| Profit (loss) for the period to be appropriated | 9905 | €33,970 | €33,020 | -€950 | -2.8% |
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 21 October 2026 via checked.be.