MOJ: 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.
MOJ
Largest movements
- Cash -€202,971
down €202,971 (-82.9%), from €244,704 to €41,733
mainly Contributions, distributions and other (-€300,000) and Investment in fixed assets (net) (-€54,289)
- Receivables within one year +€53,417
up €53,417 (+324.1%), from €16,481 to €69,898
of which Trade receivables: +€68,875
- Tangible fixed assets +€38,749
up €38,749 (+1121.2%), from €3,456 to €42,205
- Reserves -€163,219
down €163,219 (-42.0%), from €388,415 to €225,196
of which Distributable reserves: -€110,913
- Other debts +€64,122
new in 2025: €64,122
- Tax, wage and social debts -€13,970
down €13,970 (-44.8%), from €31,162 to €17,191
of which Taxes: -€13,970
- Depreciation +€13,823
up €13,823 (+805.1%), from €1,717 to €15,540
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 | €422,526 | €309,906 | -€112,621 | -26.7% |
| Fixed assets | 21/28 | €3,456 | €42,205 | +€38,749 | +1121.2% |
| Tangible fixed assets | 22/27 | €3,456 | €42,205 | +€38,749 | +1121.2% |
| Furniture and vehicles | 24 | €3,456 | €42,205 | +€38,749 | +1121.2% |
| Current assets | 29/58 | €419,070 | €267,700 | -€151,370 | -36.1% |
| Amounts receivable within one year | 40/41 | €16,481 | €69,898 | +€53,417 | +324.1% |
| Trade receivables | 40 | €1,023 | €69,898 | +€68,875 | +6735.3% |
| Other amounts receivable | 41 | €15,458 | - | -€15,458 | |
| Current investments | 50/53 | €152,093 | €152,093 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €244,704 | €41,733 | -€202,971 | -82.9% |
| Deferred charges and accrued income | 490/1 | €5,793 | €3,977 | -€1,816 | -31.4% |
| Total equity and liabilities | 10/49 | €422,526 | €309,906 | -€112,621 | -26.7% |
| Equity | 10/15 | €390,415 | €227,196 | -€163,219 | -41.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €388,415 | €225,196 | -€163,219 | -42.0% |
| Tax-exempt reserves | 132 | €67,966 | €15,660 | -€52,306 | -77.0% |
| Distributable reserves | 133 | €320,449 | €209,536 | -€110,913 | -34.6% |
| Amounts payable | 17/49 | €32,112 | €82,710 | +€50,598 | +157.6% |
| Amounts payable within one year | 42/48 | €32,112 | €82,710 | +€50,598 | +157.6% |
| Trade debts | 44 | €950 | €1,396 | +€446 | +46.9% |
| Suppliers | 440/4 | €950 | €1,396 | +€446 | +46.9% |
| Taxes, remuneration and social security | 45 | €31,162 | €17,191 | -€13,970 | -44.8% |
| Taxes | 450/3 | €25,362 | €11,391 | -€13,970 | -55.1% |
| Remuneration and social security | 454/9 | €5,800 | €5,800 | = | 0.0% |
| Other amounts payable | 47/48 | - | €64,122 | +€64,122 | |
| Non-recurring operating income | 76A | - | €13,587 | +€13,587 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,717 | €15,540 | +€13,823 | +805.1% |
| Other operating charges | 640/8 | €1,022 | €863 | -€159 | -15.6% |
| Gross operating margin | 9900 | €195,033 | €196,988 | +€1,956 | +1.0% |
| Operating profit (loss) | 9901 | €192,294 | €180,585 | -€11,708 | -6.1% |
| Financial income | 75/76B | €1,340 | €441 | -€899 | -67.1% |
| Recurring financial income | 75 | €1,340 | €441 | -€899 | -67.1% |
| Financial charges | 65/66B | €1,015 | €227 | -€788 | -77.6% |
| Recurring financial charges | 65 | €1,015 | €227 | -€788 | -77.6% |
| Profit (loss) for the period before taxes | 9903 | €192,619 | €180,800 | -€11,819 | -6.1% |
| Income taxes | 67/77 | €44,089 | €44,019 | -€71 | -0.2% |
| Profit (loss) for the period | 9904 | €148,530 | €136,781 | -€11,748 | -7.9% |
| Transfer from tax-exempt reserves | 789 | - | €52,306 | +€52,306 | |
| Profit (loss) for the period to be appropriated | 9905 | €148,530 | €189,087 | +€40,558 | +27.3% |
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 10 October 2026 via checked.be.