MJD: 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.
MJD
Largest movements
- Cash -€114,964
down €114,964 (-67.7%), from €169,933 to €54,969
mainly Tax, wage and social debts (-€39,073) and Receivables within one year (-€36,306)
- Receivables within one year +€36,306
up €36,306 (+80.6%), from €45,029 to €81,335
of which Other amounts receivable: +€40,303
- Tangible fixed assets -€8,283
down €8,283 (-24.8%), from €33,422 to €25,140
of which Furniture and vehicles: -€5,882
- Tax, wage and social debts -€39,073
down €39,073 (-66.1%), from €59,141 to €20,067
of which Remuneration and social security: -€21,641
- Profit (loss) carried forward -€34,055
down €34,055 (-26.0%), from €130,811 to €96,757
- Trade debts -€11,453
down €11,453 (-23.4%), from €48,960 to €37,508
- Debts after one year -€2,736
down €2,736 (-54.5%), from €5,016 to €2,280
- Gross operating margin -€69,353
down €69,353 (-27.9%), from €249,005 to €179,652
- Staff costs +€35,333
up €35,333 (+21.6%), from €163,482 to €198,815
- Taxes -€14,830
no longer reported in 2022 (was €14,830)
- Other operating charges -€8,467
down €8,467 (-85.6%), from €9,895 to €1,428
- Depreciation +€5,806
up €5,806 (+93.6%), from €6,203 to €12,009
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €249,165 | €161,848 | -€87,317 | -35.0% |
| Fixed assets | 21/28 | €33,422 | €25,140 | -€8,283 | -24.8% |
| Tangible fixed assets | 22/27 | €33,422 | €25,140 | -€8,283 | -24.8% |
| Plant, machinery and equipment | 23 | €578 | €1,128 | +€550 | +95.3% |
| Furniture and vehicles | 24 | €17,983 | €12,101 | -€5,882 | -32.7% |
| Leasing and similar rights | 25 | €10,347 | €6,748 | -€3,599 | -34.8% |
| Other tangible fixed assets | 26 | €4,515 | €5,162 | +€648 | +14.3% |
| Current assets | 29/58 | €215,743 | €136,708 | -€79,034 | -36.6% |
| Amounts receivable within one year | 40/41 | €45,029 | €81,335 | +€36,306 | +80.6% |
| Trade receivables | 40 | €33,591 | €29,594 | -€3,998 | -11.9% |
| Other amounts receivable | 41 | €11,438 | €51,741 | +€40,303 | +352.4% |
| Cash at bank and in hand | 54/58 | €169,933 | €54,969 | -€114,964 | -67.7% |
| Deferred charges and accrued income | 490/1 | €780 | €404 | -€376 | -48.3% |
| Total equity and liabilities | 10/49 | €249,165 | €161,848 | -€87,317 | -35.0% |
| Equity | 10/15 | €133,311 | €99,257 | -€34,055 | -25.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €130,811 | €96,757 | -€34,055 | -26.0% |
| Amounts payable | 17/49 | €115,853 | €62,591 | -€53,262 | -46.0% |
| Amounts payable after more than one year | 17 | €5,016 | €2,280 | -€2,736 | -54.5% |
| Financial debts | 170/4 | €5,016 | €2,280 | -€2,736 | -54.5% |
| Amounts payable within one year | 42/48 | €110,837 | €60,311 | -€50,526 | -45.6% |
| Current portion of amounts payable after more than one year | 42 | €2,736 | €2,736 | = | 0.0% |
| Trade debts | 44 | €48,960 | €37,508 | -€11,453 | -23.4% |
| Suppliers | 440/4 | €48,960 | €37,508 | -€11,453 | -23.4% |
| Taxes, remuneration and social security | 45 | €59,141 | €20,067 | -€39,073 | -66.1% |
| Taxes | 450/3 | €37,500 | €20,067 | -€17,432 | -46.5% |
| Remuneration and social security | 454/9 | €21,641 | - | -€21,641 | |
| Remuneration, social security and pensions | 62 | €163,482 | €198,815 | +€35,333 | +21.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,203 | €12,009 | +€5,806 | +93.6% |
| Other operating charges | 640/8 | €9,895 | €1,428 | -€8,467 | -85.6% |
| Gross operating margin | 9900 | €249,005 | €179,652 | -€69,353 | -27.9% |
| Operating profit (loss) | 9901 | €69,425 | -€32,599 | -€102,024 | |
| Financial income | 75/76B | €43 | €1 | -€43 | -98.2% |
| Recurring financial income | 75 | €43 | €1 | -€43 | -98.2% |
| Financial charges | 65/66B | €543 | €1,456 | +€913 | +168.2% |
| Recurring financial charges | 65 | €543 | €1,456 | +€913 | +168.2% |
| Profit (loss) for the period before taxes | 9903 | €68,925 | -€34,055 | -€102,980 | |
| Income taxes | 67/77 | €14,830 | - | -€14,830 | |
| Profit (loss) for the period | 9904 | €54,096 | -€34,055 | -€88,151 | |
| Profit (loss) for the period to be appropriated | 9905 | €54,096 | -€34,055 | -€88,151 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.