MJ PROJECTS: 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 PROJECTS
Largest movements
- Receivables within one year +€100,816
up €100,816 (+66.5%), from €151,502 to €252,319
of which Trade receivables: +€79,826
- Cash -€24,484
down €24,484 (-98.3%), from €24,915 to €431
mainly Receivables within one year (-€100,816) and Advances received (-€58,404)
- Deferred charges and accrued income -€14,970
down €14,970 (-75.5%), from €19,836 to €4,865
- Stocks and contracts -€6,681
down €6,681 (-27.4%), from €24,365 to €17,685
- Trade debts +€68,290
up €68,290 (+167.6%), from €40,737 to €109,027
- Advances received -€58,404
down €58,404 (-60.3%), from €96,917 to €38,512
- Short-term financial debts +€42,500
new in 2023: €42,500
- Tax, wage and social debts -€23,508
down €23,508 (-79.5%), from €29,555 to €6,046
- Debts after one year +€14,727
new in 2023: €14,727
- Gross operating margin -€11,640
down €11,640 (-20.7%), from €56,246 to €44,605
- Taxes -€1,878
down €1,878 (-26.2%), from €7,176 to €5,299
- Financial income -€1,481
down €1,481 (-59.9%), from €2,470 to €989
- Other operating charges +€1,221
up €1,221 (+23.9%), from €5,114 to €6,335
- Financial charges +€593
up €593 (+35.3%), from €1,680 to €2,273
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €258,225 | €310,183 | +€51,957 | +20.1% |
| Fixed assets | 21/28 | €33,407 | €30,683 | -€2,724 | -8.2% |
| Intangible fixed assets | 21 | €2,672 | €2,109 | -€563 | -21.1% |
| Tangible fixed assets | 22/27 | €28,692 | €26,530 | -€2,161 | -7.5% |
| Plant, machinery and equipment | 23 | €4,119 | €21,628 | +€17,509 | +425.1% |
| Furniture and vehicles | 24 | €24,573 | €4,902 | -€19,671 | -80.1% |
| Financial fixed assets | 28 | €2,043 | €2,043 | = | 0.0% |
| Current assets | 29/58 | €224,818 | €279,500 | +€54,681 | +24.3% |
| Amounts receivable after more than one year | 29 | €4,200 | €4,200 | = | 0.0% |
| Other amounts receivable | 291 | €4,200 | €4,200 | = | 0.0% |
| Stocks and contracts in progress | 3 | €24,365 | €17,685 | -€6,681 | -27.4% |
| Stocks | 30/36 | €24,365 | €17,685 | -€6,681 | -27.4% |
| Amounts receivable within one year | 40/41 | €151,502 | €252,319 | +€100,816 | +66.5% |
| Trade receivables | 40 | €61,477 | €141,303 | +€79,826 | +129.8% |
| Other amounts receivable | 41 | €90,025 | €111,015 | +€20,991 | +23.3% |
| Cash at bank and in hand | 54/58 | €24,915 | €431 | -€24,484 | -98.3% |
| Deferred charges and accrued income | 490/1 | €19,836 | €4,865 | -€14,970 | -75.5% |
| Total equity and liabilities | 10/49 | €258,225 | €310,183 | +€51,957 | +20.1% |
| Equity | 10/15 | €91,017 | €94,622 | +€3,605 | +4.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €69,500 | €74,000 | +€4,500 | +6.5% |
| Distributable reserves | 133 | €69,500 | €74,000 | +€4,500 | +6.5% |
| Profit (loss) carried forward | 14 | €1,517 | €622 | -€895 | -59.0% |
| Amounts payable | 17/49 | €167,209 | €215,561 | +€48,352 | +28.9% |
| Amounts payable after more than one year | 17 | - | €14,727 | +€14,727 | |
| Financial debts | 170/4 | - | €14,727 | +€14,727 | |
| Amounts payable within one year | 42/48 | €167,209 | €200,834 | +€33,625 | +20.1% |
| Current portion of amounts payable after more than one year | 42 | - | €4,748 | +€4,748 | |
| Financial debts | 43 | - | €42,500 | +€42,500 | |
| Credit institutions | 430/8 | - | €42,500 | +€42,500 | |
| Trade debts | 44 | €40,737 | €109,027 | +€68,290 | +167.6% |
| Suppliers | 440/4 | €40,737 | €109,027 | +€68,290 | +167.6% |
| Advances received on contracts in progress | 46 | €96,917 | €38,512 | -€58,404 | -60.3% |
| Taxes, remuneration and social security | 45 | €29,555 | €6,046 | -€23,508 | -79.5% |
| Taxes | 450/3 | €29,555 | €6,046 | -€23,508 | -79.5% |
| Remuneration, social security and pensions | 62 | €16 | - | -€16 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,698 | €22,199 | -€499 | -2.2% |
| Other operating charges | 640/8 | €5,114 | €6,335 | +€1,221 | +23.9% |
| Non-recurring operating charges | 66A | €1,103 | €5,883 | +€4,780 | +433.3% |
| Gross operating margin | 9900 | €56,246 | €44,605 | -€11,640 | -20.7% |
| Operating profit (loss) | 9901 | €27,315 | €10,188 | -€17,127 | -62.7% |
| Financial income | 75/76B | €2,470 | €989 | -€1,481 | -59.9% |
| Recurring financial income | 75 | €2,470 | €989 | -€1,481 | -59.9% |
| Financial charges | 65/66B | €1,680 | €2,273 | +€593 | +35.3% |
| Recurring financial charges | 65 | €1,680 | €2,273 | +€593 | +35.3% |
| Profit (loss) for the period before taxes | 9903 | €28,105 | €8,904 | -€19,201 | -68.3% |
| Income taxes | 67/77 | €7,176 | €5,299 | -€1,878 | -26.2% |
| Profit (loss) for the period | 9904 | €20,928 | €3,605 | -€17,323 | -82.8% |
| Profit (loss) for the period to be appropriated | 9905 | €20,928 | €3,605 | -€17,323 | -82.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.