MRJ: 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.
MRJ
Largest movements
- Receivables within one year +€9,226
up €9,226 (+52.8%), from €17,480 to €26,706
of which Trade receivables: +€8,138
- Cash +€9,061
up €9,061 (+1,579%), from €574 to €9,634
mainly Tax, wage and social debts (+€10,962) and Net result for the year (+€3,681)
- Tax, wage and social debts +€10,962
up €10,962 (+2,491%), from €440 to €11,402
of which Remuneration and social security: +€6,969
- Profit (loss) carried forward +€3,681
up €3,681 (+218%), from €1,689 to €5,370
- Trade debts +€2,134
up €2,134 (+50.1%), from €4,261 to €6,395
- Other debts +€1,362
up €1,362 (+15.5%), from €8,811 to €10,173
- Gross operating margin +€38,246
up €38,246, from -€851 to €37,395
- Staff costs +€24,965
new in 2025: €24,965
- Other operating charges +€4,928
up €4,928 (+4,285%), from €115 to €5,043
- Taxes +€3,300
new in 2025: €3,300
- Financial income -€864
no longer reported in 2025 (was €864)
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 | €18,201 | €36,340 | +€18,139 | +99.7% |
| Fixed assets | 21/28 | €147 | - | -€147 | |
| Tangible fixed assets | 22/27 | €147 | - | -€147 | |
| Plant, machinery and equipment | 23 | €147 | - | -€147 | |
| Current assets | 29/58 | €18,054 | €36,340 | +€18,287 | +101% |
| Amounts receivable within one year | 40/41 | €17,480 | €26,706 | +€9,226 | +52.8% |
| Trade receivables | 40 | €1,762 | €9,900 | +€8,138 | +462% |
| Other amounts receivable | 41 | €15,718 | €16,806 | +€1,087 | +6.9% |
| Cash at bank and in hand | 54/58 | €574 | €9,634 | +€9,061 | +1,579% |
| Total equity and liabilities | 10/49 | €18,201 | €36,340 | +€18,139 | +99.7% |
| Equity | 10/15 | €4,689 | €8,370 | +€3,681 | +78.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,689 | €5,370 | +€3,681 | +218% |
| Amounts payable | 17/49 | €13,512 | €27,970 | +€14,458 | +107% |
| Amounts payable within one year | 42/48 | €13,512 | €27,970 | +€14,458 | +107% |
| Trade debts | 44 | €4,261 | €6,395 | +€2,134 | +50.1% |
| Suppliers | 440/4 | €4,261 | €6,395 | +€2,134 | +50.1% |
| Taxes, remuneration and social security | 45 | €440 | €11,402 | +€10,962 | +2,491% |
| Taxes | 450/3 | €440 | €4,432 | +€3,992 | +907% |
| Remuneration and social security | 454/9 | - | €6,969 | +€6,969 | |
| Other amounts payable | 47/48 | €8,811 | €10,173 | +€1,362 | +15.5% |
| Remuneration, social security and pensions | 62 | - | €24,965 | +€24,965 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €566 | €147 | -€419 | -74.0% |
| Other operating charges | 640/8 | €115 | €5,043 | +€4,928 | +4,285% |
| Gross operating margin | 9900 | -€851 | €37,395 | +€38,246 | |
| Operating profit (loss) | 9901 | -€1,532 | €7,240 | +€8,771 | |
| Financial income | 75/76B | €864 | - | -€864 | |
| Recurring financial income | 75 | €864 | - | -€864 | |
| Financial charges | 65/66B | €505 | €259 | -€247 | -48.8% |
| Recurring financial charges | 65 | €505 | €259 | -€247 | -48.8% |
| Profit (loss) for the period before taxes | 9903 | -€1,174 | €6,981 | +€8,154 | |
| Income taxes | 67/77 | - | €3,300 | +€3,300 | |
| Profit (loss) for the period | 9904 | -€1,174 | €3,681 | +€4,854 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,174 | €3,681 | +€4,854 |
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 29 October 2026 via checked.be.