MMJW Advisory: 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.
MMJW Advisory
Largest movements
- Receivables within one year -€144,086
down €144,086 (-43.5%), from €331,406 to €187,320
of which Other amounts receivable: -€122,210
- Cash +€63,632
up €63,632 (+69.0%), from €92,242 to €155,874
mainly Net result for the year (+€165,080) and Receivables within one year (+€144,086)
- Current investments +€8,412
up €8,412 (+12.5%), from €67,305 to €75,718
- Tangible fixed assets -€6,047
down €6,047 (-22.6%), from €26,717 to €20,670
of which Furniture and vehicles: -€5,777
- Reserves -€189,929
down €189,929 (-45.8%), from €415,009 to €225,080
- Other debts +€121,000
new in 2025: €121,000
- Current portion of long-term debt -€16,717
down €16,717 (-100%), from €16,717 to €0
- Contributions +€6,200
up €6,200 (+50.0%), from €12,400 to €18,600
- Tax, wage and social debts +€5,779
up €5,779 (+9.2%), from €62,479 to €68,258
- Gross operating margin +€26,196
up €26,196 (+11.7%), from €223,693 to €249,889
- Taxes +€17,290
up €17,290 (+30.4%), from €56,805 to €74,096
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 | €531,513 | €453,831 | -€77,682 | -14.6% |
| Fixed assets | 21/28 | €26,917 | €20,870 | -€6,048 | -22.5% |
| Tangible fixed assets | 22/27 | €26,717 | €20,670 | -€6,047 | -22.6% |
| Land and buildings | 22 | €13,059 | €12,789 | -€270 | -2.1% |
| Furniture and vehicles | 24 | €13,658 | €7,881 | -€5,777 | -42.3% |
| Financial fixed assets | 28 | €201 | €200 | -€1 | -0.3% |
| Current assets | 29/58 | €504,595 | €432,961 | -€71,634 | -14.2% |
| Amounts receivable within one year | 40/41 | €331,406 | €187,320 | -€144,086 | -43.5% |
| Trade receivables | 40 | €168,158 | €146,282 | -€21,876 | -13.0% |
| Other amounts receivable | 41 | €163,248 | €41,039 | -€122,210 | -74.9% |
| Current investments | 50/53 | €67,305 | €75,718 | +€8,412 | +12.5% |
| Cash at bank and in hand | 54/58 | €92,242 | €155,874 | +€63,632 | +69.0% |
| Deferred charges and accrued income | 490/1 | €13,643 | €14,049 | +€407 | +3.0% |
| Total equity and liabilities | 10/49 | €531,513 | €453,831 | -€77,682 | -14.6% |
| Equity | 10/15 | €427,409 | €243,680 | -€183,729 | -43.0% |
| Contributions | 10/11 | €12,400 | €18,600 | +€6,200 | +50.0% |
| Reserves | 13 | €415,009 | €225,080 | -€189,929 | -45.8% |
| Distributable reserves | 133 | €415,009 | €225,080 | -€189,929 | -45.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €104,104 | €210,151 | +€106,047 | +102% |
| Amounts payable within one year | 42/48 | €86,332 | €191,965 | +€105,633 | +122% |
| Current portion of amounts payable after more than one year | 42 | €16,717 | €0 | -€16,717 | -100% |
| Trade debts | 44 | €7,136 | €2,706 | -€4,429 | -62.1% |
| Suppliers | 440/4 | €7,136 | €2,706 | -€4,429 | -62.1% |
| Taxes, remuneration and social security | 45 | €62,479 | €68,258 | +€5,779 | +9.2% |
| Taxes | 450/3 | €62,479 | €68,258 | +€5,779 | +9.2% |
| Other amounts payable | 47/48 | - | €121,000 | +€121,000 | |
| Accrued charges and deferred income | 492/3 | €17,772 | €18,186 | +€414 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,096 | €7,840 | +€744 | +10.5% |
| Other operating charges | 640/8 | €1,781 | €2,136 | +€355 | +19.9% |
| Gross operating margin | 9900 | €223,693 | €249,889 | +€26,196 | +11.7% |
| Operating profit (loss) | 9901 | €214,816 | €239,913 | +€25,097 | +11.7% |
| Financial income | 75/76B | €720 | €792 | +€72 | +9.9% |
| Recurring financial income | 75 | €720 | €792 | +€72 | +9.9% |
| Financial charges | 65/66B | €2,029 | €1,530 | -€499 | -24.6% |
| Recurring financial charges | 65 | €2,029 | €1,530 | -€499 | -24.6% |
| Profit (loss) for the period before taxes | 9903 | €213,507 | €239,175 | +€25,668 | +12.0% |
| Income taxes | 67/77 | €56,805 | €74,096 | +€17,290 | +30.4% |
| Profit (loss) for the period | 9904 | €156,702 | €165,080 | +€8,378 | +5.3% |
| Profit (loss) for the period to be appropriated | 9905 | €156,702 | €165,080 | +€8,378 | +5.3% |
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 26 October 2026 via checked.be.