MLJ Management: 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.
MLJ Management
Largest movements
- Cash +€90,901
up €90,901 (+88.3%), from €102,982 to €193,883
mainly Net result for the year (+€79,445) and Tax, wage and social debts (+€23,167)
- Tangible fixed assets +€11,402
new in 2025: €11,402
- Reserves +€79,445
up €79,445 (+97.5%), from €81,477 to €160,922
- Tax, wage and social debts +€23,167
up €23,167 (+70.6%), from €32,805 to €55,973
of which Taxes: +€20,767
- Gross operating margin -€2,781
down €2,781 (-2.7%), from €104,119 to €101,338
- Taxes -€1,323
down €1,323 (-6.0%), from €22,214 to €20,891
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 | €120,124 | €222,522 | +€102,398 | +85.2% |
| Fixed assets | 21/28 | - | €11,402 | +€11,402 | |
| Tangible fixed assets | 22/27 | - | €11,402 | +€11,402 | |
| Furniture and vehicles | 24 | - | €11,402 | +€11,402 | |
| Current assets | 29/58 | €120,124 | €211,120 | +€90,996 | +75.8% |
| Amounts receivable within one year | 40/41 | €17,142 | €17,236 | +€95 | +0.6% |
| Trade receivables | 40 | €17,142 | €17,142 | = | 0.0% |
| Other amounts receivable | 41 | - | €95 | +€95 | |
| Cash at bank and in hand | 54/58 | €102,982 | €193,883 | +€90,901 | +88.3% |
| Total equity and liabilities | 10/49 | €120,124 | €222,522 | +€102,398 | +85.2% |
| Equity | 10/15 | €86,477 | €165,922 | +€79,445 | +91.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €81,477 | €160,922 | +€79,445 | +97.5% |
| Distributable reserves | 133 | €81,477 | €160,922 | +€79,445 | +97.5% |
| Amounts payable | 17/49 | €33,647 | €56,600 | +€22,953 | +68.2% |
| Amounts payable within one year | 42/48 | €33,647 | €56,205 | +€22,559 | +67.0% |
| Trade debts | 44 | €842 | €233 | -€609 | -72.3% |
| Suppliers | 440/4 | €842 | €233 | -€609 | -72.3% |
| Taxes, remuneration and social security | 45 | €32,805 | €55,973 | +€23,167 | +70.6% |
| Taxes | 450/3 | €32,805 | €53,573 | +€20,767 | +63.3% |
| Remuneration and social security | 454/9 | - | €2,400 | +€2,400 | |
| Accrued charges and deferred income | 492/3 | - | €394 | +€394 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €548 | +€548 | |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €104,119 | €101,338 | -€2,781 | -2.7% |
| Operating profit (loss) | 9901 | €103,732 | €100,390 | -€3,342 | -3.2% |
| Financial charges | 65/66B | €41 | €54 | +€14 | +33.4% |
| Recurring financial charges | 65 | €41 | €54 | +€14 | +33.4% |
| Profit (loss) for the period before taxes | 9903 | €103,691 | €100,336 | -€3,355 | -3.2% |
| Income taxes | 67/77 | €22,214 | €20,891 | -€1,323 | -6.0% |
| Profit (loss) for the period | 9904 | €81,477 | €79,445 | -€2,032 | -2.5% |
| Profit (loss) for the period to be appropriated | 9905 | €81,477 | €79,445 | -€2,032 | -2.5% |
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 3 October 2026 via checked.be.