MJO Agency: 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.
MJO Agency
Largest movements
- Cash +€80,396
up €80,396 (+115%), from €69,727 to €150,122
mainly Net result for the year (+€96,300) and Tax, wage and social debts (+€18,524)
- Receivables within one year +€32,887
up €32,887 (+125%), from €26,325 to €59,212
of which Other amounts receivable: +€28,025
- Tangible fixed assets +€10,213
up €10,213 (+279%), from €3,665 to €13,878
- Profit (loss) carried forward +€96,300
up €96,300 (+127%), from €75,778 to €172,078
- Tax, wage and social debts +€18,524
up €18,524 (+95.2%), from €19,458 to €37,982
of which Taxes: +€17,325
- Trade debts +€9,970
up €9,970 (+633%), from €1,576 to €11,546
- Gross operating margin +€63,711
up €63,711 (+101%), from €63,381 to €127,092
- Taxes +€11,351
up €11,351 (+81.2%), from €13,987 to €25,338
- Depreciation +€1,906
up €1,906 (+238%), from €802 to €2,708
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 | €99,812 | €224,606 | +€124,794 | +125% |
| Fixed assets | 21/28 | €3,665 | €13,878 | +€10,213 | +279% |
| Tangible fixed assets | 22/27 | €3,665 | €13,878 | +€10,213 | +279% |
| Furniture and vehicles | 24 | €3,665 | €13,878 | +€10,213 | +279% |
| Current assets | 29/58 | €96,147 | €210,728 | +€114,581 | +119% |
| Amounts receivable within one year | 40/41 | €26,325 | €59,212 | +€32,887 | +125% |
| Trade receivables | 40 | €7,427 | €12,290 | +€4,863 | +65.5% |
| Other amounts receivable | 41 | €18,898 | €46,922 | +€28,025 | +148% |
| Cash at bank and in hand | 54/58 | €69,727 | €150,122 | +€80,396 | +115% |
| Deferred charges and accrued income | 490/1 | €95 | €1,393 | +€1,298 | +1,364% |
| Total equity and liabilities | 10/49 | €99,812 | €224,606 | +€124,794 | +125% |
| Equity | 10/15 | €78,778 | €175,078 | +€96,300 | +122% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Contributions outside capital | 11 | €3,000 | - | -€3,000 | |
| Other | 1109/19 | €3,000 | - | -€3,000 | |
| Profit (loss) carried forward | 14 | €75,778 | €172,078 | +€96,300 | +127% |
| Amounts payable | 17/49 | €21,034 | €49,528 | +€28,494 | +135% |
| Amounts payable within one year | 42/48 | €21,034 | €49,528 | +€28,494 | +135% |
| Trade debts | 44 | €1,576 | €11,546 | +€9,970 | +633% |
| Suppliers | 440/4 | €1,576 | €11,546 | +€9,970 | +633% |
| Taxes, remuneration and social security | 45 | €19,458 | €37,982 | +€18,524 | +95.2% |
| Taxes | 450/3 | €19,458 | €36,783 | +€17,325 | +89.0% |
| Remuneration and social security | 454/9 | - | €1,199 | +€1,199 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €802 | €2,708 | +€1,906 | +238% |
| Other operating charges | 640/8 | €327 | €1,536 | +€1,209 | +370% |
| Gross operating margin | 9900 | €63,381 | €127,092 | +€63,711 | +101% |
| Operating profit (loss) | 9901 | €62,252 | €122,848 | +€60,596 | +97.3% |
| Financial income | 75/76B | €17 | €120 | +€102 | +587% |
| Recurring financial income | 75 | €17 | €120 | +€102 | +587% |
| Financial charges | 65/66B | €252 | €1,331 | +€1,079 | +429% |
| Recurring financial charges | 65 | €252 | €1,331 | +€1,079 | +429% |
| Profit (loss) for the period before taxes | 9903 | €62,018 | €121,637 | +€59,619 | +96.1% |
| Income taxes | 67/77 | €13,987 | €25,338 | +€11,351 | +81.2% |
| Profit (loss) for the period | 9904 | €48,031 | €96,300 | +€48,269 | +100% |
| Profit (loss) for the period to be appropriated | 9905 | €48,031 | €96,300 | +€48,269 | +100% |
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.