Maja: 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.
Maja
Largest movements
- Cash -€18,805
down €18,805 (-49.6%), from €37,877 to €19,072
mainly Other debts (-€15,504) and Net result for the year (-€6,076)
- Tangible fixed assets -€12,525
down €12,525 (-3.7%), from €339,345 to €326,820
of which Land and buildings: -€11,232
- Receivables within one year +€4,047
up €4,047 (+176.0%), from €2,299 to €6,346
- Other debts -€15,504
down €15,504 (-10.2%), from €151,295 to €135,791
- Profit (loss) carried forward -€6,076
down €6,076 (-12.0%), from -€50,623 to -€56,699
- Debts after one year -€5,700
down €5,700 (-33.6%), from €16,947 to €11,247
- Gross operating margin -€13,954
down €13,954 (-54.9%), from €25,437 to €11,483
- Financial charges -€7,348
down €7,348 (-92.7%), from €7,925 to €577
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 | €379,521 | €352,238 | -€27,283 | -7.2% |
| Fixed assets | 21/28 | €339,345 | €326,820 | -€12,525 | -3.7% |
| Tangible fixed assets | 22/27 | €339,345 | €326,820 | -€12,525 | -3.7% |
| Land and buildings | 22 | €336,789 | €325,558 | -€11,232 | -3.3% |
| Plant, machinery and equipment | 23 | €2,556 | €1,262 | -€1,294 | -50.6% |
| Current assets | 29/58 | €40,176 | €25,418 | -€14,758 | -36.7% |
| Amounts receivable within one year | 40/41 | €2,299 | €6,346 | +€4,047 | +176.0% |
| Trade receivables | 40 | €2,299 | €6,346 | +€4,047 | +176.0% |
| Cash at bank and in hand | 54/58 | €37,877 | €19,072 | -€18,805 | -49.6% |
| Total equity and liabilities | 10/49 | €379,521 | €352,238 | -€27,283 | -7.2% |
| Equity | 10/15 | €205,141 | €199,064 | -€6,076 | -3.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €189,263 | €189,263 | = | 0.0% |
| Reserves | 13 | €4,500 | €4,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,500 | €4,500 | = | 0.0% |
| Legal reserve | 130 | €4,500 | €4,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,623 | -€56,699 | -€6,076 | -12.0% |
| Amounts payable | 17/49 | €174,380 | €153,173 | -€21,207 | -12.2% |
| Amounts payable after more than one year | 17 | €16,947 | €11,247 | -€5,700 | -33.6% |
| Financial debts | 170/4 | €16,947 | €11,247 | -€5,700 | -33.6% |
| Amounts payable within one year | 42/48 | €157,434 | €141,926 | -€15,508 | -9.9% |
| Current portion of amounts payable after more than one year | 42 | €5,587 | €5,700 | +€113 | +2.0% |
| Trade debts | 44 | €210 | - | -€210 | |
| Suppliers | 440/4 | €210 | - | -€210 | |
| Taxes, remuneration and social security | 45 | €342 | €436 | +€94 | +27.4% |
| Taxes | 450/3 | €342 | €436 | +€94 | +27.4% |
| Other amounts payable | 47/48 | €151,295 | €135,791 | -€15,504 | -10.2% |
| Non-recurring operating income | 76A | €8,843 | - | -€8,843 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,525 | €12,525 | = | 0.0% |
| Other operating charges | 640/8 | €4,573 | €4,457 | -€115 | -2.5% |
| Gross operating margin | 9900 | €25,437 | €11,483 | -€13,954 | -54.9% |
| Operating profit (loss) | 9901 | €8,339 | -€5,499 | -€13,838 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €7,925 | €577 | -€7,348 | -92.7% |
| Recurring financial charges | 65 | €7,925 | €577 | -€7,348 | -92.7% |
| Profit (loss) for the period before taxes | 9903 | €414 | -€6,076 | -€6,491 | |
| Profit (loss) for the period | 9904 | €414 | -€6,076 | -€6,491 | |
| Profit (loss) for the period to be appropriated | 9905 | €414 | -€6,076 | -€6,491 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.