MJM Projects: 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.
MJM Projects
Largest movements
- Receivables within one year -€148,816
down €148,816 (-38.1%), from €390,897 to €242,081
of which Trade receivables: -€164,177
- Cash +€30,060
up €30,060 (+4006.9%), from €750 to €30,810
mainly Trade debts (+€195,301) and Receivables within one year (+€148,816)
- Stocks and contracts +€13,065
up €13,065 (+4.8%), from €275,000 to €288,065
- Deferred charges and accrued income -€10,040
no longer reported in 2024 (was €10,040)
- Profit (loss) carried forward -€263,568
down €263,568, from €5,334 to -€258,234
- Trade debts +€195,301
up €195,301 (+63.9%), from €305,631 to €500,932
- Other debts -€28,820
no longer reported in 2024 (was €28,820)
- Current portion of long-term debt -€8,843
no longer reported in 2024 (was €8,843)
- Debts after one year -€8,251
no longer reported in 2024 (was €8,251)
- Gross operating margin -€263,038
down €263,038, from €30,785 to -€232,253
- Financial charges +€8,073
up €8,073 (+55.2%), from €14,628 to €22,701
of which Financial charges: +€7,697
- Taxes +€7,383
up €7,383, from €0 to €7,383
- Financial income +€7,339
up €7,339 (+280.1%), from €2,620 to €9,959
of which Financial income: +€4,504
- Other operating charges -€4,871
down €4,871 (-71.6%), from €6,801 to €1,930
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.
Cash bridge derived
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 | €684,362 | €567,814 | -€116,548 | -17.0% |
| Fixed assets | 21/28 | €7,675 | €6,858 | -€817 | -10.6% |
| Tangible fixed assets | 22/27 | €7,675 | €6,858 | -€817 | -10.6% |
| Plant, machinery and equipment | 23 | €2,648 | €5,056 | +€2,408 | +91.0% |
| Furniture and vehicles | 24 | €5,027 | €1,802 | -€3,225 | -64.2% |
| Current assets | 29/58 | €676,687 | €560,956 | -€115,731 | -17.1% |
| Stocks and contracts in progress | 3 | €275,000 | €288,065 | +€13,065 | +4.8% |
| Contracts in progress | 37 | €275,000 | €288,065 | +€13,065 | +4.8% |
| Amounts receivable within one year | 40/41 | €390,897 | €242,081 | -€148,816 | -38.1% |
| Trade receivables | 40 | €252,887 | €88,711 | -€164,177 | -64.9% |
| Other amounts receivable | 41 | €138,010 | €153,371 | +€15,361 | +11.1% |
| Cash at bank and in hand | 54/58 | €750 | €30,810 | +€30,060 | +4006.9% |
| Deferred charges and accrued income | 490/1 | €10,040 | - | -€10,040 | |
| Total equity and liabilities | 10/49 | €684,362 | €567,814 | -€116,548 | -17.0% |
| Equity | 10/15 | €45,760 | -€217,808 | -€263,568 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €37,427 | €37,427 | = | 0.0% |
| Distributable reserves | 133 | €37,427 | €37,427 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,334 | -€258,234 | -€263,568 | |
| Amounts payable | 17/49 | €638,602 | €785,622 | +€147,020 | +23.0% |
| Amounts payable after more than one year | 17 | €8,251 | - | -€8,251 | |
| Financial debts | 170/4 | €8,251 | - | -€8,251 | |
| Amounts payable within one year | 42/48 | €630,351 | €785,622 | +€155,271 | +24.6% |
| Current portion of amounts payable after more than one year | 42 | €8,843 | - | -€8,843 | |
| Financial debts | 43 | €250,040 | €250,000 | -€40 | 0.0% |
| Credit institutions | 430/8 | €250,040 | €250,000 | -€40 | 0.0% |
| Trade debts | 44 | €305,631 | €500,932 | +€195,301 | +63.9% |
| Suppliers | 440/4 | €305,631 | €500,932 | +€195,301 | +63.9% |
| Taxes, remuneration and social security | 45 | €37,018 | €34,690 | -€2,328 | -6.3% |
| Taxes | 450/3 | €37,018 | €34,690 | -€2,328 | -6.3% |
| Other amounts payable | 47/48 | €28,820 | - | -€28,820 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,642 | €6,672 | +€30 | +0.4% |
| Other operating charges | 640/8 | €6,801 | €1,930 | -€4,871 | -71.6% |
| Gross operating margin | 9900 | €30,785 | -€232,253 | -€263,038 | |
| Operating profit (loss) | 9901 | €17,342 | -€240,855 | -€258,197 | |
| Financial income | 75/76B | €2,620 | €9,959 | +€7,339 | +280.1% |
| Recurring financial income | 75 | €2,620 | €7,124 | +€4,504 | +171.9% |
| Non-recurring financial income | 76B | - | €2,835 | +€2,835 | |
| Financial charges | 65/66B | €14,628 | €22,701 | +€8,073 | +55.2% |
| Recurring financial charges | 65 | €14,628 | €22,325 | +€7,697 | +52.6% |
| Non-recurring financial charges | 66B | - | €376 | +€376 | |
| Profit (loss) for the period before taxes | 9903 | €5,334 | -€253,597 | -€258,931 | |
| Income taxes | 67/77 | €0 | €7,383 | +€7,383 | |
| Profit (loss) for the period | 9904 | €5,334 | -€260,980 | -€266,313 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,334 | -€260,980 | -€266,313 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.