MRJKING: 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.
MRJKING
Largest movements
- Cash +€189,626
up €189,626 (+78.0%), from €243,216 to €432,842
mainly Depreciation (+€143,235) and Net result for the year (+€44,632)
- Tangible fixed assets -€116,593
down €116,593 (-48.9%), from €238,309 to €121,717
of which Other tangible fixed assets: -€129,098
- Receivables within one year -€24,628
down €24,628 (-86.9%), from €28,330 to €3,703
of which Trade receivables: -€24,112
- Profit (loss) carried forward +€44,632
up €44,632 (+21.7%), from €205,794 to €250,426
- Trade debts +€17,019
up €17,019 (+11.7%), from €145,968 to €162,986
- Current portion of long-term debt -€15,096
no longer reported in 2025 (was €15,096)
- Other debts -€11,458
down €11,458 (-59.2%), from €19,355 to €7,897
- Tax, wage and social debts +€9,357
up €9,357 (+12.0%), from €78,012 to €87,370
of which Remuneration and social security: +€6,524
- Gross operating margin +€31,589
up €31,589 (+3.7%), from €852,780 to €884,368
- Staff costs +€28,886
up €28,886 (+4.4%), from €655,742 to €684,628
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 | €541,735 | €588,510 | +€46,775 | +8.6% |
| Fixed assets | 21/28 | €246,298 | €126,706 | -€119,593 | -48.6% |
| Intangible fixed assets | 21 | €7,989 | €4,989 | -€3,000 | -37.6% |
| Tangible fixed assets | 22/27 | €238,309 | €121,717 | -€116,593 | -48.9% |
| Plant, machinery and equipment | 23 | €12,141 | €9,268 | -€2,873 | -23.7% |
| Furniture and vehicles | 24 | €12,906 | €28,284 | +€15,378 | +119.2% |
| Other tangible fixed assets | 26 | €213,262 | €84,164 | -€129,098 | -60.5% |
| Current assets | 29/58 | €295,437 | €461,804 | +€166,367 | +56.3% |
| Stocks and contracts in progress | 3 | €21,600 | €23,400 | +€1,800 | +8.3% |
| Stocks | 30/36 | €21,600 | €23,400 | +€1,800 | +8.3% |
| Amounts receivable within one year | 40/41 | €28,330 | €3,703 | -€24,628 | -86.9% |
| Trade receivables | 40 | €24,223 | €111 | -€24,112 | -99.5% |
| Other amounts receivable | 41 | €4,107 | €3,591 | -€516 | -12.6% |
| Cash at bank and in hand | 54/58 | €243,216 | €432,842 | +€189,626 | +78.0% |
| Deferred charges and accrued income | 490/1 | €2,290 | €1,859 | -€431 | -18.8% |
| Total equity and liabilities | 10/49 | €541,735 | €588,510 | +€46,775 | +8.6% |
| Equity | 10/15 | €283,294 | €327,926 | +€44,632 | +15.8% |
| Contributions | 10/11 | €77,500 | €77,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €205,794 | €250,426 | +€44,632 | +21.7% |
| Amounts payable | 17/49 | €258,441 | €260,583 | +€2,143 | +0.8% |
| Amounts payable within one year | 42/48 | €258,431 | €258,253 | -€177 | -0.1% |
| Current portion of amounts payable after more than one year | 42 | €15,096 | - | -€15,096 | |
| Trade debts | 44 | €145,968 | €162,986 | +€17,019 | +11.7% |
| Suppliers | 440/4 | €145,968 | €162,986 | +€17,019 | +11.7% |
| Taxes, remuneration and social security | 45 | €78,012 | €87,370 | +€9,357 | +12.0% |
| Taxes | 450/3 | €8,506 | €11,339 | +€2,834 | +33.3% |
| Remuneration and social security | 454/9 | €69,506 | €76,030 | +€6,524 | +9.4% |
| Other amounts payable | 47/48 | €19,355 | €7,897 | -€11,458 | -59.2% |
| Accrued charges and deferred income | 492/3 | €10 | €2,330 | +€2,320 | +22902.8% |
| Remuneration, social security and pensions | 62 | €655,742 | €684,628 | +€28,886 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €139,360 | €143,235 | +€3,875 | +2.8% |
| Other operating charges | 640/8 | €2,127 | €1,574 | -€553 | -26.0% |
| Gross operating margin | 9900 | €852,780 | €884,368 | +€31,589 | +3.7% |
| Operating profit (loss) | 9901 | €55,551 | €54,932 | -€620 | -1.1% |
| Financial income | 75/76B | €316 | €1 | -€315 | -99.5% |
| Recurring financial income | 75 | €316 | €1 | -€315 | -99.5% |
| Financial charges | 65/66B | €9,376 | €2,136 | -€7,241 | -77.2% |
| Recurring financial charges | 65 | €9,376 | €2,136 | -€7,241 | -77.2% |
| Profit (loss) for the period before taxes | 9903 | €46,491 | €52,797 | +€6,306 | +13.6% |
| Income taxes | 67/77 | - | €8,166 | +€8,166 | |
| Profit (loss) for the period | 9904 | €46,491 | €44,632 | -€1,859 | -4.0% |
| Profit (loss) for the period to be appropriated | 9905 | €46,491 | €44,632 | -€1,859 | -4.0% |
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 5 October 2026 via checked.be.