MJK: 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.
MJK
Largest movements
- Current assets -€520,547
down €520,547 (-43.0%), from €1.2m to €690,870
of which Cash: -€838,412
- Tangible fixed assets +€401,353
up €401,353 (+23.1%), from €1.7m to €2.1m
- Debts within one year -€52,593
down €52,593 (-28.3%), from €186,106 to €133,513
- Taxes +€30,223
no longer reported in 2011 (was -€30,223)
- Gross operating margin +€16,784
up €16,784 (+17855.3%), from €94 to €16,878
- Depreciation +€6,536
up €6,536 (+6.8%), from €95,846 to €102,382
From the 2010 result to the 2011 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2010 | 2011 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,950,655 | €2,831,461 | -€119,194 | -4.0% |
| Fixed assets | 21/28 | €1,739,238 | €2,140,591 | +€401,353 | +23.1% |
| Tangible fixed assets | 22/27 | €1,739,238 | €2,140,591 | +€401,353 | +23.1% |
| Current assets | 29/58 | €1,211,417 | €690,870 | -€520,547 | -43.0% |
| Amounts receivable within one year | 40/41 | €67,056 | €49,777 | -€17,279 | -25.8% |
| Current investments | 50/53 | €299,724 | €633,727 | +€334,003 | +111.4% |
| Cash at bank and in hand | 54/58 | €844,637 | €6,225 | -€838,412 | -99.3% |
| Total equity and liabilities | 10/49 | €2,950,655 | €2,831,461 | -€119,194 | -4.0% |
| Equity | 10/15 | €2,352,642 | €2,300,470 | -€52,172 | -2.2% |
| Contributions | 10/11 | €1,100,000 | €1,100,000 | = | 0.0% |
| Reserves | 13 | €1,209,583 | €1,181,575 | -€28,008 | -2.3% |
| Profit (loss) carried forward | 14 | €43,059 | €18,895 | -€24,164 | -56.1% |
| Provisions and deferred taxes | 16 | €411,907 | €397,478 | -€14,429 | -3.5% |
| Amounts payable | 17/49 | €186,106 | €133,513 | -€52,593 | -28.3% |
| Amounts payable within one year | 42/48 | €186,106 | €133,513 | -€52,593 | -28.3% |
| Trade debts | 44 | €6,101 | €2,766 | -€3,335 | -54.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €95,846 | €102,382 | +€6,536 | +6.8% |
| Gross operating margin | 9900 | €94 | €16,878 | +€16,784 | +17855.3% |
| Operating profit (loss) | 9901 | -€112,766 | -€93,804 | +€18,962 | +16.8% |
| Recurring financial income | 75 | €32,500 | €28,827 | -€3,673 | -11.3% |
| Recurring financial charges | 65 | €4,948 | €1,623 | -€3,325 | -67.2% |
| Profit (loss) for the period before taxes | 9903 | -€85,214 | -€66,600 | +€18,614 | +21.8% |
| Income taxes | 67/77 | -€30,223 | - | +€30,223 | |
| Profit (loss) for the period | 9904 | -€54,991 | -€52,172 | +€2,819 | +5.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€54,991 | -€24,164 | +€30,827 | +56.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2010 and 31 December 2011. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.