MJRAMEN: 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.
MJRAMEN
Largest movements
- Receivables within one year -€82,219
down €82,219 (-46.4%), from €177,057 to €94,838
of which Trade receivables: -€107,581
- Cash -€55,944
down €55,944 (-19.4%), from €288,110 to €232,165
mainly Contributions, distributions and other (-€88,000) and Trade debts (-€75,152)
- Stocks and contracts +€19,551
up €19,551 (+116%), from €16,892 to €36,443
- Trade debts -€75,152
down €75,152 (-79.7%), from €94,265 to €19,113
- Other debts -€49,933
down €49,933 (-71.4%), from €69,903 to €19,970
- Advances received +€43,923
up €43,923 (+293%), from €15,007 to €58,930
- Reserves -€19,677
down €19,677 (-6.9%), from €283,677 to €264,000
- Tax, wage and social debts -€12,118
down €12,118 (-85.2%), from €14,218 to €2,100
- Gross operating margin -€24,438
down €24,438 (-18.8%), from €130,181 to €105,743
- Taxes -€7,102
down €7,102 (-20.6%), from €34,528 to €27,426
- Depreciation -€5,609
down €5,609 (-72.3%), from €7,760 to €2,151
- Other operating charges +€4,283
up €4,283 (+340%), from €1,258 to €5,542
- Financial charges -€2,656
down €2,656 (-44.5%), from €5,964 to €3,308
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 | €488,999 | €372,294 | -€116,705 | -23.9% |
| Fixed assets | 21/28 | €6,940 | €8,848 | +€1,908 | +27.5% |
| Tangible fixed assets | 22/27 | €6,940 | €8,848 | +€1,908 | +27.5% |
| Plant, machinery and equipment | 23 | €2,229 | €2,229 | = | 0.0% |
| Furniture and vehicles | 24 | €4,711 | €6,620 | +€1,908 | +40.5% |
| Current assets | 29/58 | €482,059 | €363,446 | -€118,613 | -24.6% |
| Stocks and contracts in progress | 3 | €16,892 | €36,443 | +€19,551 | +116% |
| Contracts in progress | 37 | €16,892 | €36,443 | +€19,551 | +116% |
| Amounts receivable within one year | 40/41 | €177,057 | €94,838 | -€82,219 | -46.4% |
| Trade receivables | 40 | €157,133 | €49,552 | -€107,581 | -68.5% |
| Other amounts receivable | 41 | €19,924 | €45,286 | +€25,362 | +127% |
| Cash at bank and in hand | 54/58 | €288,110 | €232,165 | -€55,944 | -19.4% |
| Total equity and liabilities | 10/49 | €488,999 | €372,294 | -€116,705 | -23.9% |
| Equity | 10/15 | €288,677 | €269,000 | -€19,677 | -6.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €283,677 | €264,000 | -€19,677 | -6.9% |
| Distributable reserves | 133 | €283,677 | €264,000 | -€19,677 | -6.9% |
| Amounts payable | 17/49 | €200,322 | €103,295 | -€97,028 | -48.4% |
| Amounts payable within one year | 42/48 | €194,551 | €100,113 | -€94,438 | -48.5% |
| Financial debts | 43 | €1,157 | - | -€1,157 | |
| Credit institutions | 430/8 | €1,157 | - | -€1,157 | |
| Trade debts | 44 | €94,265 | €19,113 | -€75,152 | -79.7% |
| Suppliers | 440/4 | €94,265 | €19,113 | -€75,152 | -79.7% |
| Advances received on contracts in progress | 46 | €15,007 | €58,930 | +€43,923 | +293% |
| Taxes, remuneration and social security | 45 | €14,218 | €2,100 | -€12,118 | -85.2% |
| Taxes | 450/3 | €14,218 | €2,100 | -€12,118 | -85.2% |
| Other amounts payable | 47/48 | €69,903 | €19,970 | -€49,933 | -71.4% |
| Accrued charges and deferred income | 492/3 | €5,772 | €3,182 | -€2,590 | -44.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,760 | €2,151 | -€5,609 | -72.3% |
| Other operating charges | 640/8 | €1,258 | €5,542 | +€4,283 | +340% |
| Gross operating margin | 9900 | €130,181 | €105,743 | -€24,438 | -18.8% |
| Operating profit (loss) | 9901 | €121,163 | €98,050 | -€23,113 | -19.1% |
| Financial income | 75/76B | €2,194 | €1,006 | -€1,188 | -54.1% |
| Recurring financial income | 75 | €2,194 | €1,006 | -€1,188 | -54.1% |
| Financial charges | 65/66B | €5,964 | €3,308 | -€2,656 | -44.5% |
| Recurring financial charges | 65 | €5,964 | €3,308 | -€2,656 | -44.5% |
| Profit (loss) for the period before taxes | 9903 | €117,394 | €95,749 | -€21,645 | -18.4% |
| Income taxes | 67/77 | €34,528 | €27,426 | -€7,102 | -20.6% |
| Profit (loss) for the period | 9904 | €82,866 | €68,323 | -€14,542 | -17.5% |
| Profit (loss) for the period to be appropriated | 9905 | €82,866 | €68,323 | -€14,542 | -17.5% |
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 15 October 2026 via checked.be.