MJ PROELEC: 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.
MJ PROELEC
Largest movements
- Receivables within one year +€64,736
up €64,736 (+23.4%), from €276,822 to €341,557
of which Other amounts receivable: +€72,021
- Tangible fixed assets +€38,063
up €38,063 (+367%), from €10,363 to €48,426
- Debts after one year +€31,373
new in 2024: €31,373
- Profit (loss) carried forward +€24,029
up €24,029 (+13.6%), from €177,034 to €201,063
- Trade debts +€23,353
up €23,353 (+24.4%), from €95,601 to €118,954
- Tax, wage and social debts +€14,427
up €14,427 (+35.9%), from €40,221 to €54,649
of which Taxes: +€9,244
- Current portion of long-term debt +€9,161
new in 2024: €9,161
- Gross operating margin +€46,604
up €46,604 (+38.0%), from €122,664 to €169,269
- Staff costs +€41,914
up €41,914 (+74.7%), from €56,104 to €98,018
- Other operating charges +€17,461
up €17,461 (+7,053%), from €248 to €17,709
- Depreciation +€15,303
up €15,303 (+594%), from €2,575 to €17,878
- Taxes +€6,500
new in 2024: €6,500
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €322,759 | €422,586 | +€99,828 | +30.9% |
| Fixed assets | 21/28 | €29,363 | €67,426 | +€38,063 | +130% |
| Tangible fixed assets | 22/27 | €10,363 | €48,426 | +€38,063 | +367% |
| Furniture and vehicles | 24 | €10,363 | €48,426 | +€38,063 | +367% |
| Financial fixed assets | 28 | €19,000 | €19,000 | = | 0.0% |
| Current assets | 29/58 | €293,395 | €355,160 | +€61,765 | +21.1% |
| Stocks and contracts in progress | 3 | €12,940 | €12,940 | = | 0.0% |
| Stocks | 30/36 | €12,940 | €12,940 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €276,822 | €341,557 | +€64,736 | +23.4% |
| Trade receivables | 40 | €255,699 | €248,413 | -€7,286 | -2.8% |
| Other amounts receivable | 41 | €21,123 | €93,145 | +€72,021 | +341% |
| Cash at bank and in hand | 54/58 | €3,634 | €663 | -€2,971 | -81.8% |
| Total equity and liabilities | 10/49 | €322,759 | €422,586 | +€99,828 | +30.9% |
| Equity | 10/15 | €182,034 | €206,063 | +€24,029 | +13.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €177,034 | €201,063 | +€24,029 | +13.6% |
| Amounts payable | 17/49 | €140,724 | €216,523 | +€75,799 | +53.9% |
| Amounts payable after more than one year | 17 | - | €31,373 | +€31,373 | |
| Financial debts | 170/4 | - | €31,373 | +€31,373 | |
| Amounts payable within one year | 42/48 | €140,724 | €185,151 | +€44,426 | +31.6% |
| Current portion of amounts payable after more than one year | 42 | - | €9,161 | +€9,161 | |
| Financial debts | 43 | €4,902 | €2,386 | -€2,516 | -51.3% |
| Credit institutions | 430/8 | €4,902 | €2,386 | -€2,516 | -51.3% |
| Trade debts | 44 | €95,601 | €118,954 | +€23,353 | +24.4% |
| Suppliers | 440/4 | €95,601 | €118,954 | +€23,353 | +24.4% |
| Taxes, remuneration and social security | 45 | €40,221 | €54,649 | +€14,427 | +35.9% |
| Taxes | 450/3 | €38,642 | €47,886 | +€9,244 | +23.9% |
| Remuneration and social security | 454/9 | €1,580 | €6,763 | +€5,183 | +328% |
| Remuneration, social security and pensions | 62 | €56,104 | €98,018 | +€41,914 | +74.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,575 | €17,878 | +€15,303 | +594% |
| Other operating charges | 640/8 | €248 | €17,709 | +€17,461 | +7,053% |
| Gross operating margin | 9900 | €122,664 | €169,269 | +€46,604 | +38.0% |
| Operating profit (loss) | 9901 | €63,738 | €35,664 | -€28,074 | -44.0% |
| Financial income | 75/76B | €448 | €15 | -€433 | -96.6% |
| Recurring financial income | 75 | €448 | €15 | -€433 | -96.6% |
| Financial charges | 65/66B | €294 | €5,150 | +€4,856 | +1,649% |
| Recurring financial charges | 65 | €294 | €5,150 | +€4,856 | +1,649% |
| Profit (loss) for the period before taxes | 9903 | €63,892 | €30,529 | -€33,363 | -52.2% |
| Income taxes | 67/77 | - | €6,500 | +€6,500 | |
| Profit (loss) for the period | 9904 | €63,892 | €24,029 | -€39,863 | -62.4% |
| Profit (loss) for the period to be appropriated | 9905 | €63,892 | €24,029 | -€39,863 | -62.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.