MJR Sovereign: 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.
MJR Sovereign
Largest movements
- Financial fixed assets +€51.3m
new in 2025: €51.3m
- Contributions +€51.7m
up €51.7m (+516,500%), from €10,000 to €51.7m
- Gross operating margin +€111,851
up €111,851, from -€5,332 to €106,519
- Taxes +€25,226
new in 2025: €25,226
- Other operating charges +€1,475
up €1,475 (+233%), from €632 to €2,108
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 | €5,997 | €51,821,699 | +€51.8m | +864,013% |
| Fixed assets | 21/28 | - | €51,653,123 | +€51.7m | |
| Tangible fixed assets | 22/27 | - | €353,123 | +€353,123 | |
| Other tangible fixed assets | 26 | - | €353,123 | +€353,123 | |
| Financial fixed assets | 28 | - | €51,300,000 | +€51.3m | |
| Current assets | 29/58 | €5,997 | €168,576 | +€162,579 | +2,711% |
| Amounts receivable within one year | 40/41 | €1,605 | €43,999 | +€42,394 | +2,642% |
| Trade receivables | 40 | - | €39,000 | +€39,000 | |
| Other amounts receivable | 41 | €1,605 | €4,999 | +€3,394 | +211% |
| Cash at bank and in hand | 54/58 | €4,392 | €122,821 | +€118,429 | +2,696% |
| Deferred charges and accrued income | 490/1 | - | €1,756 | +€1,756 | |
| Total equity and liabilities | 10/49 | €5,997 | €51,821,699 | +€51.8m | +864,013% |
| Equity | 10/15 | €696 | €51,660,000 | +€51.7m | +7,425,408% |
| Contributions | 10/11 | €10,000 | €51,660,000 | +€51.7m | +516,500% |
| Profit (loss) carried forward | 14 | -€9,304 | €0 | +€9,304 | |
| Amounts payable | 17/49 | €5,301 | €161,699 | +€156,398 | +2,950% |
| Amounts payable within one year | 42/48 | €4,619 | €126,699 | +€122,080 | +2,643% |
| Trade debts | 44 | €848 | €13,454 | +€12,606 | +1,486% |
| Suppliers | 440/4 | €848 | €13,454 | +€12,606 | +1,486% |
| Taxes, remuneration and social security | 45 | - | €46,000 | +€46,000 | |
| Taxes | 450/3 | - | €46,000 | +€46,000 | |
| Other amounts payable | 47/48 | €3,771 | €67,244 | +€63,473 | +1,683% |
| Accrued charges and deferred income | 492/3 | €682 | €35,000 | +€34,318 | +5,029% |
| Remuneration, social security and pensions | 62 | - | €61 | +€61 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €350 | +€350 | |
| Other operating charges | 640/8 | €632 | €2,108 | +€1,475 | +233% |
| Gross operating margin | 9900 | -€5,332 | €106,519 | +€111,851 | |
| Operating profit (loss) | 9901 | -€5,964 | €104,000 | +€109,964 | |
| Financial charges | 65/66B | €198 | €222 | +€24 | +12.3% |
| Recurring financial charges | 65 | €198 | €222 | +€24 | +12.3% |
| Profit (loss) for the period before taxes | 9903 | -€6,162 | €103,778 | +€109,940 | |
| Income taxes | 67/77 | - | €25,226 | +€25,226 | |
| Profit (loss) for the period | 9904 | -€6,162 | €78,552 | +€84,714 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,162 | €78,552 | +€84,714 |
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.