mjPublishing: 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.
mjPublishing
Largest movements
- Stocks and contracts -€55,791
down €55,791 (-18.4%), from €303,098 to €247,306
- Deferred charges and accrued income -€24,073
down €24,073 (-71.9%), from €33,499 to €9,426
- Cash -€21,735
down €21,735 (-30.5%), from €71,192 to €49,457
mainly Net result for the year (-€49,223) and Trade debts (-€37,500)
- Intangible fixed assets -€11,418
down €11,418 (-33.1%), from €34,450 to €23,033
- Profit (loss) carried forward -€49,223
down €49,223 (-51.0%), from €96,503 to €47,280
- Trade debts -€37,500
down €37,500 (-78.3%), from €47,888 to €10,388
- Short-term financial debts -€25,000
down €25,000 (-25.0%), from €100,000 to €75,000
- Gross operating margin -€37,456
down €37,456, from €6,978 to -€30,478
- Write-downs -€4,432
down €4,432 (-10344.1%), from -€43 to -€4,475
- Financial charges -€1,312
down €1,312 (-13.2%), from €9,932 to €8,620
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 | €472,478 | €355,771 | -€116,708 | -24.7% |
| Fixed assets | 21/28 | €36,729 | €24,411 | -€12,318 | -33.5% |
| Intangible fixed assets | 21 | €34,450 | €23,033 | -€11,418 | -33.1% |
| Tangible fixed assets | 22/27 | €2,278 | €1,378 | -€900 | -39.5% |
| Plant, machinery and equipment | 23 | €116 | €0 | -€116 | -100.0% |
| Furniture and vehicles | 24 | €2,162 | €1,378 | -€784 | -36.3% |
| Current assets | 29/58 | €435,750 | €331,360 | -€104,390 | -24.0% |
| Stocks and contracts in progress | 3 | €303,098 | €247,306 | -€55,791 | -18.4% |
| Stocks | 30/36 | €303,098 | €247,306 | -€55,791 | -18.4% |
| Amounts receivable within one year | 40/41 | €27,961 | €25,171 | -€2,790 | -10.0% |
| Trade receivables | 40 | €10,570 | €2,101 | -€8,469 | -80.1% |
| Other amounts receivable | 41 | €17,391 | €23,070 | +€5,679 | +32.7% |
| Cash at bank and in hand | 54/58 | €71,192 | €49,457 | -€21,735 | -30.5% |
| Deferred charges and accrued income | 490/1 | €33,499 | €9,426 | -€24,073 | -71.9% |
| Total equity and liabilities | 10/49 | €472,478 | €355,771 | -€116,708 | -24.7% |
| Equity | 10/15 | €316,503 | €267,280 | -€49,223 | -15.6% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €20,000 | €20,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €20,000 | €20,000 | = | 0.0% |
| Legal reserve | 130 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €96,503 | €47,280 | -€49,223 | -51.0% |
| Amounts payable | 17/49 | €155,975 | €88,491 | -€67,484 | -43.3% |
| Amounts payable within one year | 42/48 | €151,807 | €87,354 | -€64,453 | -42.5% |
| Current portion of amounts payable after more than one year | 42 | €2,702 | €1,615 | -€1,087 | -40.2% |
| Financial debts | 43 | €100,000 | €75,000 | -€25,000 | -25.0% |
| Credit institutions | 430/8 | €100,000 | €75,000 | -€25,000 | -25.0% |
| Trade debts | 44 | €47,888 | €10,388 | -€37,500 | -78.3% |
| Suppliers | 440/4 | €47,888 | €10,388 | -€37,500 | -78.3% |
| Advances received on contracts in progress | 46 | - | €170 | +€170 | |
| Taxes, remuneration and social security | 45 | €1,218 | €181 | -€1,036 | -85.1% |
| Taxes | 450/3 | €1,218 | €181 | -€1,036 | -85.1% |
| Accrued charges and deferred income | 492/3 | €4,168 | €1,137 | -€3,031 | -72.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,914 | €14,208 | +€294 | +2.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€43 | -€4,475 | -€4,432 | -10344.1% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €6,978 | -€30,478 | -€37,456 | |
| Operating profit (loss) | 9901 | -€7,398 | -€40,731 | -€33,332 | -450.5% |
| Financial income | 75/76B | €7 | €127 | +€120 | +1655.1% |
| Recurring financial income | 75 | €7 | €127 | +€120 | +1655.1% |
| Financial charges | 65/66B | €9,932 | €8,620 | -€1,312 | -13.2% |
| Recurring financial charges | 65 | €9,932 | €8,620 | -€1,312 | -13.2% |
| Profit (loss) for the period before taxes | 9903 | -€17,323 | -€49,223 | -€31,900 | -184.2% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€17,323 | -€49,223 | -€31,900 | -184.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,323 | -€49,223 | -€31,900 | -184.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.