MJC GROUP: 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.
MJC GROUP
Largest movements
- Cash -€159,054
down €159,054 (-92.5%), from €171,985 to €12,932
mainly Net result for the year (-€187,345) and Receivables within one year (-€10,354)
- Receivables within one year +€10,354
up €10,354 (+2.5%), from €407,895 to €418,249
of which Trade receivables: +€50,346
- Profit (loss) carried forward -€187,345
down €187,345, from €154,771 to -€32,574
- Other debts +€34,500
up €34,500 (+807%), from €4,277 to €38,777
- Gross operating margin -€352,381
down €352,381, from €251,176 to -€101,206
- Taxes -€54,199
down €54,199 (-99.0%), from €54,727 to €527
- Staff costs +€16,640
up €16,640 (+68.0%), from €24,459 to €41,099
- Financial charges +€5,139
up €5,139 (+62.3%), from €8,253 to €13,392
- Other operating charges -€4,267
down €4,267 (-73.4%), from €5,812 to €1,545
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 | €612,007 | €456,795 | -€155,212 | -25.4% |
| Fixed assets | 21/28 | €30,966 | €23,881 | -€7,085 | -22.9% |
| Intangible fixed assets | 21 | €7,140 | €5,312 | -€1,828 | -25.6% |
| Tangible fixed assets | 22/27 | €14,662 | €9,505 | -€5,157 | -35.2% |
| Plant, machinery and equipment | 23 | €9,229 | €5,791 | -€3,438 | -37.3% |
| Furniture and vehicles | 24 | €5,433 | €3,714 | -€1,719 | -31.6% |
| Financial fixed assets | 28 | €9,164 | €9,064 | -€100 | -1.1% |
| Current assets | 29/58 | €581,042 | €432,914 | -€148,128 | -25.5% |
| Stocks and contracts in progress | 3 | €1,066 | €1,066 | = | 0.0% |
| Stocks | 30/36 | €1,066 | €1,066 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €407,895 | €418,249 | +€10,354 | +2.5% |
| Trade receivables | 40 | €229,657 | €280,003 | +€50,346 | +21.9% |
| Other amounts receivable | 41 | €178,237 | €138,246 | -€39,992 | -22.4% |
| Cash at bank and in hand | 54/58 | €171,985 | €12,932 | -€159,054 | -92.5% |
| Deferred charges and accrued income | 490/1 | €96 | €668 | +€572 | +595% |
| Total equity and liabilities | 10/49 | €612,007 | €456,795 | -€155,212 | -25.4% |
| Equity | 10/15 | €166,218 | -€21,127 | -€187,345 | |
| Contributions | 10/11 | €11,000 | €11,000 | = | 0.0% |
| Reserves | 13 | €448 | €448 | = | 0.0% |
| Non-distributable reserves | 130/1 | €448 | €448 | = | 0.0% |
| Reserves not available under the articles | 1311 | €448 | €448 | = | 0.0% |
| Profit (loss) carried forward | 14 | €154,771 | -€32,574 | -€187,345 | |
| Amounts payable | 17/49 | €445,789 | €477,922 | +€32,133 | +7.2% |
| Amounts payable after more than one year | 17 | €3,062 | - | -€3,062 | |
| Financial debts | 170/4 | €3,062 | - | -€3,062 | |
| Amounts payable within one year | 42/48 | €442,727 | €477,922 | +€35,194 | +7.9% |
| Current portion of amounts payable after more than one year | 42 | - | €927 | +€927 | |
| Trade debts | 44 | €379,809 | €384,032 | +€4,223 | +1.1% |
| Suppliers | 440/4 | €379,809 | €384,032 | +€4,223 | +1.1% |
| Taxes, remuneration and social security | 45 | €58,641 | €54,186 | -€4,456 | -7.6% |
| Taxes | 450/3 | €58,641 | €51,500 | -€7,141 | -12.2% |
| Remuneration and social security | 454/9 | - | €2,686 | +€2,686 | |
| Other amounts payable | 47/48 | €4,277 | €38,777 | +€34,500 | +807% |
| Remuneration, social security and pensions | 62 | €24,459 | €41,099 | +€16,640 | +68.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,799 | €6,985 | +€4,186 | +150% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €27,330 | €23,164 | -€4,166 | -15.2% |
| Other operating charges | 640/8 | €5,812 | €1,545 | -€4,267 | -73.4% |
| Gross operating margin | 9900 | €251,176 | -€101,206 | -€352,381 | |
| Operating profit (loss) | 9901 | €190,776 | -€173,999 | -€364,775 | |
| Financial income | 75/76B | €106 | €572 | +€467 | +442% |
| Recurring financial income | 75 | €106 | €572 | +€467 | +442% |
| Financial charges | 65/66B | €8,253 | €13,392 | +€5,139 | +62.3% |
| Recurring financial charges | 65 | €8,253 | €13,392 | +€5,139 | +62.3% |
| Profit (loss) for the period before taxes | 9903 | €182,628 | -€186,818 | -€369,447 | |
| Income taxes | 67/77 | €54,727 | €527 | -€54,199 | -99.0% |
| Profit (loss) for the period | 9904 | €127,902 | -€187,345 | -€315,247 | |
| Profit (loss) for the period to be appropriated | 9905 | €127,902 | -€187,345 | -€315,247 |
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 21 October 2026 via checked.be.