MJJK: what changed
Two fiscal 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.
MJJK
Largest movements
- Stocks and contracts +€97,040
up €97,040 (+50.4%), from €192,645 to €289,685
- Cash +€31,040
up €31,040 (+24.9%), from €124,702 to €155,742
mainly Net result for the year (+€109,701) and Receivables within one year (+€28,200)
- Receivables within one year -€28,200
down €28,200 (-63.4%), from €44,492 to €16,292
of which Trade receivables: -€15,265
- Tangible fixed assets +€7,714
up €7,714 (+56.7%), from €13,610 to €21,324
- Reserves +€109,701
up €109,701 (+51.5%), from €213,184 to €322,885
of which Distributable reserves: +€109,701
- Current portion of long-term debt -€15,052
down €15,052 (-63.6%), from €23,678 to €8,626
- Tax, wage and social debts +€13,794
up €13,794 (+53.9%), from €25,602 to €39,397
of which Taxes: +€7,069
- Trade debts +€12,178
up €12,178 (+40.1%), from €30,390 to €42,568
- Debts after one year -€8,626
down €8,626 (-100.0%), from €8,626 to €0
- Gross operating margin +€142,734
up €142,734 (+103.7%), from €137,627 to €280,361
- Taxes +€38,238
up €38,238 (+271.1%), from €14,105 to €52,344
- Staff costs +€16,005
up €16,005 (+19.0%), from €84,061 to €100,066
- Financial charges +€3,700
up €3,700 (+39.0%), from €9,476 to €13,176
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.
Cash bridge derived
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 | €380,140 | €487,783 | +€107,643 | +28.3% |
| Fixed assets | 21/28 | €18,301 | €21,324 | +€3,023 | +16.5% |
| Tangible fixed assets | 22/27 | €13,610 | €21,324 | +€7,714 | +56.7% |
| Other tangible fixed assets | 26 | €13,610 | €21,324 | +€7,714 | +56.7% |
| Financial fixed assets | 28 | €4,692 | €0 | -€4,692 | -100.0% |
| Current assets | 29/58 | €361,839 | €466,459 | +€104,620 | +28.9% |
| Stocks and contracts in progress | 3 | €192,645 | €289,685 | +€97,040 | +50.4% |
| Stocks | 30/36 | €192,645 | €289,685 | +€97,040 | +50.4% |
| Amounts receivable within one year | 40/41 | €44,492 | €16,292 | -€28,200 | -63.4% |
| Trade receivables | 40 | €23,807 | €8,542 | -€15,265 | -64.1% |
| Other amounts receivable | 41 | €20,684 | €7,750 | -€12,935 | -62.5% |
| Current investments | 50/53 | - | €4,740 | +€4,740 | |
| Cash at bank and in hand | 54/58 | €124,702 | €155,742 | +€31,040 | +24.9% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €380,140 | €487,783 | +€107,643 | +28.3% |
| Equity | 10/15 | €231,784 | €341,485 | +€109,701 | +47.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €213,184 | €322,885 | +€109,701 | +51.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €213,184 | €322,885 | +€109,701 | +51.5% |
| Amounts payable | 17/49 | €148,356 | €146,299 | -€2,058 | -1.4% |
| Amounts payable after more than one year | 17 | €8,626 | €0 | -€8,626 | -100.0% |
| Financial debts | 170/4 | €8,626 | €0 | -€8,626 | -100.0% |
| Amounts payable within one year | 42/48 | €136,075 | €142,459 | +€6,384 | +4.7% |
| Current portion of amounts payable after more than one year | 42 | €23,678 | €8,626 | -€15,052 | -63.6% |
| Financial debts | 43 | €4,807 | €1,921 | -€2,886 | -60.0% |
| Credit institutions | 430/8 | €4,807 | €1,921 | -€2,886 | -60.0% |
| Trade debts | 44 | €30,390 | €42,568 | +€12,178 | +40.1% |
| Suppliers | 440/4 | €30,390 | €42,568 | +€12,178 | +40.1% |
| Taxes, remuneration and social security | 45 | €25,602 | €39,397 | +€13,794 | +53.9% |
| Taxes | 450/3 | €14,352 | €21,420 | +€7,069 | +49.3% |
| Remuneration and social security | 454/9 | €11,250 | €17,976 | +€6,726 | +59.8% |
| Other amounts payable | 47/48 | €51,599 | €49,948 | -€1,651 | -3.2% |
| Accrued charges and deferred income | 492/3 | €3,655 | €3,839 | +€184 | +5.0% |
| Remuneration, social security and pensions | 62 | €84,061 | €100,066 | +€16,005 | +19.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,091 | €4,283 | +€2,192 | +104.8% |
| Other operating charges | 640/8 | €525 | €1,433 | +€908 | +172.9% |
| Gross operating margin | 9900 | €137,627 | €280,361 | +€142,734 | +103.7% |
| Operating profit (loss) | 9901 | €50,949 | €174,578 | +€123,629 | +242.7% |
| Financial income | 75/76B | €511 | €643 | +€132 | +25.9% |
| Recurring financial income | 75 | €511 | €643 | +€132 | +25.9% |
| Financial charges | 65/66B | €9,476 | €13,176 | +€3,700 | +39.0% |
| Recurring financial charges | 65 | €9,476 | €13,176 | +€3,700 | +39.0% |
| Profit (loss) for the period before taxes | 9903 | €41,984 | €162,045 | +€120,061 | +286.0% |
| Income taxes | 67/77 | €14,105 | €52,344 | +€38,238 | +271.1% |
| Profit (loss) for the period | 9904 | €27,879 | €109,701 | +€81,822 | +293.5% |
| Profit (loss) for the period to be appropriated | 9905 | €27,879 | €109,701 | +€81,822 | +293.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.