Maej Consult: what changed
Maej Consult
Largest movements
- Receivables within one year +€24,926
up €24,926 (+490%), from €5,082 to €30,008
- Tangible fixed assets -€12,950
down €12,950 (-26.5%), from €48,789 to €35,838
- Cash -€955
down €955 (-20.3%), from €4,709 to €3,754
mainly Receivables within one year (-€24,926) and Other debts (-€14,904)
- Reserves +€36,446
new in 2025: €36,446
- Profit (loss) carried forward -€18,944
no longer reported in 2025 (was €18,944)
- Other debts -€14,904
down €14,904 (-51.1%), from €29,141 to €14,237
- Tax, wage and social debts +€9,731
up €9,731 (+161%), from €6,053 to €15,784
of which Taxes: +€9,929
- Trade debts -€708
down €708 (-30.2%), from €2,341 to €1,633
- Gross operating margin +€9,490
up €9,490 (+30.6%), from €30,996 to €40,487
- Taxes +€2,187
up €2,187 (+46.0%), from €4,753 to €6,940
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €58,579 | €70,200 | +€11,621 | +19.8% |
| Fixed assets | 21/28 | €48,789 | €36,438 | -€12,350 | -25.3% |
| Tangible fixed assets | 22/27 | €48,789 | €35,838 | -€12,950 | -26.5% |
| Furniture and vehicles | 24 | €48,789 | €35,838 | -€12,950 | -26.5% |
| Financial fixed assets | 28 | - | €600 | +€600 | |
| Current assets | 29/58 | €9,791 | €33,762 | +€23,971 | +245% |
| Amounts receivable within one year | 40/41 | €5,082 | €30,008 | +€24,926 | +490% |
| Trade receivables | 40 | €5,082 | €30,008 | +€24,926 | +490% |
| Cash at bank and in hand | 54/58 | €4,709 | €3,754 | -€955 | -20.3% |
| Total equity and liabilities | 10/49 | €58,579 | €70,200 | +€11,621 | +19.8% |
| Equity | 10/15 | €21,044 | €38,546 | +€17,502 | +83.2% |
| Contributions | 10/11 | €2,100 | €2,100 | = | 0.0% |
| Reserves | 13 | - | €36,446 | +€36,446 | |
| Distributable reserves | 133 | - | €36,446 | +€36,446 | |
| Profit (loss) carried forward | 14 | €18,944 | - | -€18,944 | |
| Amounts payable | 17/49 | €37,535 | €31,654 | -€5,881 | -15.7% |
| Amounts payable within one year | 42/48 | €37,535 | €31,654 | -€5,881 | -15.7% |
| Trade debts | 44 | €2,341 | €1,633 | -€708 | -30.2% |
| Suppliers | 440/4 | €2,341 | €1,633 | -€708 | -30.2% |
| Taxes, remuneration and social security | 45 | €6,053 | €15,784 | +€9,731 | +161% |
| Taxes | 450/3 | €5,855 | €15,784 | +€9,929 | +170% |
| Remuneration and social security | 454/9 | €198 | €0 | -€198 | -100% |
| Other amounts payable | 47/48 | €29,141 | €14,237 | -€14,904 | -51.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,152 | €12,950 | -€202 | -1.5% |
| Other operating charges | 640/8 | €3,036 | €2,917 | -€119 | -3.9% |
| Gross operating margin | 9900 | €30,996 | €40,487 | +€9,490 | +30.6% |
| Operating profit (loss) | 9901 | €14,808 | €24,619 | +€9,811 | +66.3% |
| Financial income | 75/76B | €12 | - | -€12 | |
| Recurring financial income | 75 | €12 | - | -€12 | |
| Financial charges | 65/66B | €172 | €178 | +€6 | +3.2% |
| Recurring financial charges | 65 | €172 | €178 | +€6 | +3.2% |
| Profit (loss) for the period before taxes | 9903 | €14,649 | €24,441 | +€9,793 | +66.9% |
| Income taxes | 67/77 | €4,753 | €6,940 | +€2,187 | +46.0% |
| Profit (loss) for the period | 9904 | €9,896 | €17,502 | +€7,606 | +76.9% |
| Profit (loss) for the period to be appropriated | 9905 | €9,896 | €17,502 | +€7,606 | +76.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.