MRJ 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.
MRJ GROUP
Largest movements
- Receivables within one year -€26,073
down €26,073 (-86.8%), from €30,022 to €3,949
of which Trade receivables: -€26,258
- Cash +€14,795
up €14,795 (+250%), from €5,909 to €20,704
mainly Receivables within one year (+€26,073) and Tax, wage and social debts (+€7,840)
- Tangible fixed assets -€3,345
down €3,345 (-26.9%), from €12,435 to €9,089
of which Furniture and vehicles: -€2,570
- Deferred charges and accrued income +€1,823
up €1,823 (+172%), from €1,058 to €2,881
- Advances received -€9,748
down €9,748 (-77.0%), from €12,654 to €2,907
- Trade debts -€8,954
down €8,954 (-43.7%), from €20,483 to €11,529
- Tax, wage and social debts +€7,840
up €7,840 (+98.5%), from €7,959 to €15,799
of which Taxes: +€8,048
- Profit (loss) carried forward -€2,657
down €2,657 (-50.4%), from -€5,270 to -€7,928
- Other debts +€719
up €719 (+45.0%), from €1,599 to €2,317
- Gross operating margin +€12,133
up €12,133 (+41.2%), from €29,463 to €41,596
- Depreciation -€2,437
down €2,437 (-34.1%), from €7,141 to €4,704
- Staff costs +€2,250
up €2,250 (+7.0%), from €32,287 to €34,536
- Financial charges +€1,841
up €1,841 (+1,123%), from €164 to €2,005
- Other operating charges +€973
up €973 (+43.8%), from €2,220 to €3,192
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 | €49,424 | €36,624 | -€12,800 | -25.9% |
| Fixed assets | 21/28 | €12,435 | €9,089 | -€3,345 | -26.9% |
| Tangible fixed assets | 22/27 | €12,435 | €9,089 | -€3,345 | -26.9% |
| Plant, machinery and equipment | 23 | €1,681 | €905 | -€776 | -46.1% |
| Furniture and vehicles | 24 | €10,754 | €8,184 | -€2,570 | -23.9% |
| Current assets | 29/58 | €36,989 | €27,534 | -€9,455 | -25.6% |
| Amounts receivable within one year | 40/41 | €30,022 | €3,949 | -€26,073 | -86.8% |
| Trade receivables | 40 | €28,530 | €2,273 | -€26,258 | -92.0% |
| Other amounts receivable | 41 | €1,492 | €1,677 | +€185 | +12.4% |
| Cash at bank and in hand | 54/58 | €5,909 | €20,704 | +€14,795 | +250% |
| Deferred charges and accrued income | 490/1 | €1,058 | €2,881 | +€1,823 | +172% |
| Total equity and liabilities | 10/49 | €49,424 | €36,624 | -€12,800 | -25.9% |
| Equity | 10/15 | €6,730 | €4,072 | -€2,657 | -39.5% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,270 | -€7,928 | -€2,657 | -50.4% |
| Amounts payable | 17/49 | €42,694 | €32,551 | -€10,143 | -23.8% |
| Amounts payable within one year | 42/48 | €42,694 | €32,551 | -€10,143 | -23.8% |
| Trade debts | 44 | €20,483 | €11,529 | -€8,954 | -43.7% |
| Suppliers | 440/4 | €20,483 | €11,529 | -€8,954 | -43.7% |
| Advances received on contracts in progress | 46 | €12,654 | €2,907 | -€9,748 | -77.0% |
| Taxes, remuneration and social security | 45 | €7,959 | €15,799 | +€7,840 | +98.5% |
| Taxes | 450/3 | €1,930 | €9,978 | +€8,048 | +417% |
| Remuneration and social security | 454/9 | €6,029 | €5,820 | -€208 | -3.5% |
| Other amounts payable | 47/48 | €1,599 | €2,317 | +€719 | +45.0% |
| Remuneration, social security and pensions | 62 | €32,287 | €34,536 | +€2,250 | +7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,141 | €4,704 | -€2,437 | -34.1% |
| Other operating charges | 640/8 | €2,220 | €3,192 | +€973 | +43.8% |
| Gross operating margin | 9900 | €29,463 | €41,596 | +€12,133 | +41.2% |
| Operating profit (loss) | 9901 | -€12,185 | -€837 | +€11,347 | +93.1% |
| Financial income | 75/76B | €20 | - | -€20 | |
| Recurring financial income | 75 | €20 | - | -€20 | |
| Financial charges | 65/66B | €164 | €2,005 | +€1,841 | +1,123% |
| Recurring financial charges | 65 | €164 | €2,005 | +€1,841 | +1,123% |
| Profit (loss) for the period before taxes | 9903 | -€12,328 | -€2,842 | +€9,486 | +76.9% |
| Income taxes | 67/77 | €344 | -€185 | -€529 | |
| Profit (loss) for the period | 9904 | -€12,672 | -€2,657 | +€10,015 | +79.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,672 | -€2,657 | +€10,015 | +79.0% |
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 13 October 2026 via checked.be.