MKJ: 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.
MKJ
Largest movements
- Cash -€43,937
down €43,937 (-74.8%), from €58,711 to €14,774
mainly Other debts (-€43,864) and Debts after one year (-€29,012)
- Tangible fixed assets -€17,966
down €17,966 (-4.7%), from €380,806 to €362,839
of which Land and buildings: -€16,797
- Receivables within one year +€5,600
up €5,600 (+700.8%), from €799 to €6,399
of which Other amounts receivable: +€3,885
- Other debts -€43,864
down €43,864 (-83.3%), from €52,665 to €8,800
- Debts after one year -€29,012
down €29,012 (-11.8%), from €246,055 to €217,043
- Current portion of long-term debt +€9,109
up €9,109 (+32.2%), from €28,261 to €37,370
- Profit (loss) carried forward -€6,417
down €6,417 (-63.5%), from -€10,103 to -€16,520
- Trade debts +€6,082
up €6,082 (+1254.9%), from €485 to €6,566
- Staff costs +€31,147
up €31,147 (+59.8%), from €52,091 to €83,238
- Gross operating margin -€24,723
down €24,723 (-18.5%), from €133,505 to €108,782
- Taxes -€14,789
no longer reported in 2025 (was €14,789)
- Financial charges -€8,485
down €8,485 (-48.0%), from €17,670 to €9,185
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 | €454,317 | €394,895 | -€59,422 | -13.1% |
| Fixed assets | 21/28 | €389,665 | €370,449 | -€19,216 | -4.9% |
| Intangible fixed assets | 21 | €8,859 | €7,609 | -€1,250 | -14.1% |
| Tangible fixed assets | 22/27 | €380,806 | €362,839 | -€17,966 | -4.7% |
| Land and buildings | 22 | €373,898 | €357,101 | -€16,797 | -4.5% |
| Plant, machinery and equipment | 23 | €5,947 | €5,119 | -€828 | -13.9% |
| Furniture and vehicles | 24 | €960 | €619 | -€341 | -35.5% |
| Current assets | 29/58 | €64,652 | €24,446 | -€40,206 | -62.2% |
| Stocks and contracts in progress | 3 | €4,562 | €2,526 | -€2,036 | -44.6% |
| Stocks | 30/36 | €4,562 | €2,526 | -€2,036 | -44.6% |
| Amounts receivable within one year | 40/41 | €799 | €6,399 | +€5,600 | +700.8% |
| Trade receivables | 40 | €799 | €2,514 | +€1,715 | +214.6% |
| Other amounts receivable | 41 | - | €3,885 | +€3,885 | |
| Cash at bank and in hand | 54/58 | €58,711 | €14,774 | -€43,937 | -74.8% |
| Deferred charges and accrued income | 490/1 | €580 | €748 | +€167 | +28.9% |
| Total equity and liabilities | 10/49 | €454,317 | €394,895 | -€59,422 | -13.1% |
| Equity | 10/15 | €103,147 | €96,730 | -€6,417 | -6.2% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Contributions outside capital | 11 | €50,000 | €50,000 | = | 0.0% |
| Other | 1109/19 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €63,250 | €63,250 | = | 0.0% |
| Non-distributable reserves | 130/1 | €250 | €250 | = | 0.0% |
| Reserves not available under the articles | 1311 | €250 | €250 | = | 0.0% |
| Distributable reserves | 133 | €63,000 | €63,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,103 | -€16,520 | -€6,417 | -63.5% |
| Amounts payable | 17/49 | €351,170 | €298,165 | -€53,006 | -15.1% |
| Amounts payable after more than one year | 17 | €246,055 | €217,043 | -€29,012 | -11.8% |
| Financial debts | 170/4 | €246,055 | €217,043 | -€29,012 | -11.8% |
| Amounts payable within one year | 42/48 | €105,116 | €81,122 | -€23,994 | -22.8% |
| Current portion of amounts payable after more than one year | 42 | €28,261 | €37,370 | +€9,109 | +32.2% |
| Trade debts | 44 | €485 | €6,566 | +€6,082 | +1254.9% |
| Suppliers | 440/4 | €485 | €6,566 | +€6,082 | +1254.9% |
| Taxes, remuneration and social security | 45 | €23,705 | €28,386 | +€4,681 | +19.7% |
| Taxes | 450/3 | €19,094 | €19,933 | +€839 | +4.4% |
| Remuneration and social security | 454/9 | €4,611 | €8,453 | +€3,841 | +83.3% |
| Other amounts payable | 47/48 | €52,665 | €8,800 | -€43,864 | -83.3% |
| Remuneration, social security and pensions | 62 | €52,091 | €83,238 | +€31,147 | +59.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,107 | €19,216 | +€109 | +0.6% |
| Other operating charges | 640/8 | €3,325 | €3,561 | +€236 | +7.1% |
| Gross operating margin | 9900 | €133,505 | €108,782 | -€24,723 | -18.5% |
| Operating profit (loss) | 9901 | €58,982 | €2,767 | -€56,214 | -95.3% |
| Financial income | 75/76B | €23 | €1 | -€23 | -97.4% |
| Recurring financial income | 75 | €23 | €1 | -€23 | -97.4% |
| Financial charges | 65/66B | €17,670 | €9,185 | -€8,485 | -48.0% |
| Recurring financial charges | 65 | €17,670 | €9,185 | -€8,485 | -48.0% |
| Profit (loss) for the period before taxes | 9903 | €41,336 | -€6,417 | -€47,752 | |
| Income taxes | 67/77 | €14,789 | - | -€14,789 | |
| Profit (loss) for the period | 9904 | €26,547 | -€6,417 | -€32,964 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,547 | -€6,417 | -€32,964 |
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 11 October 2026 via checked.be.