MAIORALIS: 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.
MAIORALIS
Largest movements
- Cash +€139,462
up €139,462 (+86.5%), from €161,162 to €300,624
mainly Net result for the year (+€128,634) and Tax, wage and social debts (+€4,287)
- Reserves +€125,000
up €125,000 (+98.1%), from €127,400 to €252,400
- Tax, wage and social debts +€4,287
up €4,287 (+15.6%), from €27,451 to €31,738
- Profit (loss) carried forward +€3,634
up €3,634 (+723.6%), from €502 to €4,136
- Trade debts +€3,617
up €3,617 (+102.0%), from €3,547 to €7,164
- Gross operating margin +€85,469
up €85,469 (+84.2%), from €101,494 to €186,963
- Taxes +€27,846
up €27,846 (+100.1%), from €27,830 to €55,676
From the 2024 result to the 2025 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 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €162,236 | €301,537 | +€139,301 | +85.9% |
| Fixed assets | 21/28 | - | €150 | +€150 | |
| Financial fixed assets | 28 | - | €150 | +€150 | |
| Current assets | 29/58 | €162,236 | €301,387 | +€139,151 | +85.8% |
| Amounts receivable within one year | 40/41 | €115 | €139 | +€24 | +20.7% |
| Trade receivables | 40 | €115 | €139 | +€24 | +20.7% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €161,162 | €300,624 | +€139,462 | +86.5% |
| Deferred charges and accrued income | 490/1 | €959 | €624 | -€335 | -35.0% |
| Total equity and liabilities | 10/49 | €162,236 | €301,537 | +€139,301 | +85.9% |
| Equity | 10/15 | €130,902 | €259,536 | +€128,634 | +98.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €127,400 | €252,400 | +€125,000 | +98.1% |
| Distributable reserves | 133 | €127,400 | €252,400 | +€125,000 | +98.1% |
| Profit (loss) carried forward | 14 | €502 | €4,136 | +€3,634 | +723.6% |
| Amounts payable | 17/49 | €31,333 | €42,001 | +€10,667 | +34.0% |
| Amounts payable within one year | 42/48 | €31,333 | €42,001 | +€10,667 | +34.0% |
| Financial debts | 43 | - | €1,204 | +€1,204 | |
| Credit institutions | 430/8 | - | €1,204 | +€1,204 | |
| Trade debts | 44 | €3,547 | €7,164 | +€3,617 | +102.0% |
| Suppliers | 440/4 | €3,547 | €7,164 | +€3,617 | +102.0% |
| Taxes, remuneration and social security | 45 | €27,451 | €31,738 | +€4,287 | +15.6% |
| Taxes | 450/3 | €27,451 | €31,738 | +€4,287 | +15.6% |
| Other amounts payable | 47/48 | €335 | €1,894 | +€1,558 | +464.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €1,283 | €1,170 | -€112 | -8.7% |
| Gross operating margin | 9900 | €101,494 | €186,963 | +€85,469 | +84.2% |
| Operating profit (loss) | 9901 | €100,211 | €185,792 | +€85,581 | +85.4% |
| Financial income | 75/76B | €7 | €6 | -€1 | -18.5% |
| Recurring financial income | 75 | €7 | €6 | -€1 | -18.5% |
| Financial charges | 65/66B | €1,893 | €1,488 | -€405 | -21.4% |
| Recurring financial charges | 65 | €1,893 | €1,488 | -€405 | -21.4% |
| Profit (loss) for the period before taxes | 9903 | €98,325 | €184,310 | +€85,985 | +87.4% |
| Income taxes | 67/77 | €27,830 | €55,676 | +€27,846 | +100.1% |
| Profit (loss) for the period | 9904 | €70,495 | €128,634 | +€58,139 | +82.5% |
| Profit (loss) for the period to be appropriated | 9905 | €70,495 | €128,634 | +€58,139 | +82.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.