MMJ LAW: what changed
MMJ LAW
Largest movements
- Cash +€32,667
up €32,667 (+67.4%), from €48,493 to €81,161
mainly Net result for the year (+€44,172) and Receivables within one year (+€3,894)
- Receivables within one year -€3,894
down €3,894 (-63.9%), from €6,096 to €2,202
of which Trade receivables: -€5,556
- Reserves +€44,172
up €44,172 (+136%), from €32,451 to €76,623
- Tax, wage and social debts -€10,518
down €10,518 (-67.5%), from €15,573 to €5,055
- Trade debts -€4,875
down €4,875 (-89.3%), from €5,459 to €584
- Gross operating margin +€11,721
up €11,721 (+26.4%), from €44,395 to €56,117
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €55,493 | €84,453 | +€28,959 | +52.2% |
| Fixed assets | 21/28 | €500 | €500 | = | 0.0% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €54,993 | €83,953 | +€28,959 | +52.7% |
| Amounts receivable within one year | 40/41 | €6,096 | €2,202 | -€3,894 | -63.9% |
| Trade receivables | 40 | €6,096 | €540 | -€5,556 | -91.1% |
| Other amounts receivable | 41 | - | €1,663 | +€1,663 | |
| Cash at bank and in hand | 54/58 | €48,493 | €81,161 | +€32,667 | +67.4% |
| Deferred charges and accrued income | 490/1 | €404 | €590 | +€186 | +46.0% |
| Total equity and liabilities | 10/49 | €55,493 | €84,453 | +€28,959 | +52.2% |
| Equity | 10/15 | €34,451 | €78,623 | +€44,172 | +128% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €32,451 | €76,623 | +€44,172 | +136% |
| Distributable reserves | 133 | €32,451 | €76,623 | +€44,172 | +136% |
| Amounts payable | 17/49 | €21,042 | €5,830 | -€15,212 | -72.3% |
| Amounts payable within one year | 42/48 | €21,042 | €5,830 | -€15,212 | -72.3% |
| Trade debts | 44 | €5,459 | €584 | -€4,875 | -89.3% |
| Suppliers | 440/4 | €5,459 | €584 | -€4,875 | -89.3% |
| Taxes, remuneration and social security | 45 | €15,573 | €5,055 | -€10,518 | -67.5% |
| Taxes | 450/3 | €15,573 | €5,055 | -€10,518 | -67.5% |
| Other amounts payable | 47/48 | €10 | €191 | +€181 | +1,813% |
| Other operating charges | 640/8 | €709 | €465 | -€244 | -34.4% |
| Gross operating margin | 9900 | €44,395 | €56,117 | +€11,721 | +26.4% |
| Operating profit (loss) | 9901 | €43,686 | €55,651 | +€11,965 | +27.4% |
| Financial charges | 65/66B | €123 | €142 | +€19 | +15.3% |
| Recurring financial charges | 65 | €123 | €142 | +€19 | +15.3% |
| Profit (loss) for the period before taxes | 9903 | €43,563 | €55,509 | +€11,946 | +27.4% |
| Income taxes | 67/77 | €11,112 | €11,337 | +€226 | +2.0% |
| Profit (loss) for the period | 9904 | €32,451 | €44,172 | +€11,720 | +36.1% |
| Profit (loss) for the period to be appropriated | 9905 | €32,451 | €44,172 | +€11,720 | +36.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.