MAJA CONSULTANT: 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 CONSULTANT
Largest movements
- Tangible fixed assets -€18,582
down €18,582 (-3.7%), from €500,816 to €482,234
of which Land and buildings: -€15,375
- Stocks and contracts +€11,687
up €11,687 (+24.6%), from €47,500 to €59,187
- Receivables within one year -€11,380
down €11,380 (-100%), from €11,380 to €0
of which Trade receivables: -€10,394
- Debts after one year -€20,025
down €20,025 (-9.9%), from €202,975 to €182,950
- Financial charges -€4,473
down €4,473 (-29.5%), from €15,167 to €10,695
- Other operating charges -€2,383
down €2,383 (-39.0%), from €6,102 to €3,719
- Gross operating margin -€1,792
down €1,792 (-4.4%), from €40,438 to €38,646
- Depreciation +€695
up €695 (+3.9%), from €17,887 to €18,582
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.
Derived cash bridge
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 | €564,265 | €550,536 | -€13,729 | -2.4% |
| Fixed assets | 21/28 | €504,686 | €486,104 | -€18,582 | -3.7% |
| Tangible fixed assets | 22/27 | €500,816 | €482,234 | -€18,582 | -3.7% |
| Land and buildings | 22 | €488,660 | €473,284 | -€15,375 | -3.1% |
| Plant, machinery and equipment | 23 | €12,156 | €8,949 | -€3,207 | -26.4% |
| Financial fixed assets | 28 | €3,870 | €3,870 | = | 0.0% |
| Current assets | 29/58 | €59,579 | €64,432 | +€4,853 | +8.1% |
| Stocks and contracts in progress | 3 | €47,500 | €59,187 | +€11,687 | +24.6% |
| Stocks | 30/36 | €47,500 | €59,187 | +€11,687 | +24.6% |
| Amounts receivable within one year | 40/41 | €11,380 | €0 | -€11,380 | -100% |
| Trade receivables | 40 | €10,394 | €0 | -€10,394 | -100% |
| Other amounts receivable | 41 | €986 | €0 | -€986 | -100% |
| Cash at bank and in hand | 54/58 | €41 | €3,554 | +€3,512 | +8,513% |
| Deferred charges and accrued income | 490/1 | €658 | €1,692 | +€1,034 | +157% |
| Total equity and liabilities | 10/49 | €564,265 | €550,536 | -€13,729 | -2.4% |
| Equity | 10/15 | €102,899 | €108,099 | +€5,200 | +5.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Revaluation surpluses | 12 | €225,000 | €225,000 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€136,361 | -€131,161 | +€5,200 | +3.8% |
| Amounts payable | 17/49 | €461,366 | €442,437 | -€18,929 | -4.1% |
| Amounts payable after more than one year | 17 | €202,975 | €182,950 | -€20,025 | -9.9% |
| Financial debts | 170/4 | €202,975 | €182,950 | -€20,025 | -9.9% |
| Amounts payable within one year | 42/48 | €258,391 | €259,487 | +€1,097 | +0.4% |
| Current portion of amounts payable after more than one year | 42 | €17,077 | €19,002 | +€1,925 | +11.3% |
| Trade debts | 44 | €10,352 | €12,788 | +€2,436 | +23.5% |
| Suppliers | 440/4 | €10,352 | €12,788 | +€2,436 | +23.5% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €3,399 | €5,574 | +€2,174 | +64.0% |
| Taxes | 450/3 | €3,399 | €5,574 | +€2,174 | +64.0% |
| Other amounts payable | 47/48 | €227,562 | €222,124 | -€5,439 | -2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,887 | €18,582 | +€695 | +3.9% |
| Other operating charges | 640/8 | €6,102 | €3,719 | -€2,383 | -39.0% |
| Gross operating margin | 9900 | €40,438 | €38,646 | -€1,792 | -4.4% |
| Operating profit (loss) | 9901 | €16,449 | €16,344 | -€104 | -0.6% |
| Financial charges | 65/66B | €15,167 | €10,695 | -€4,473 | -29.5% |
| Recurring financial charges | 65 | €15,167 | €10,695 | -€4,473 | -29.5% |
| Profit (loss) for the period before taxes | 9903 | €1,282 | €5,650 | +€4,368 | +341% |
| Income taxes | 67/77 | €840 | €450 | -€390 | -46.4% |
| Profit (loss) for the period | 9904 | €442 | €5,200 | +€4,758 | +1,077% |
| Profit (loss) for the period to be appropriated | 9905 | €442 | €5,200 | +€4,758 | +1,077% |
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 21 October 2026 via checked.be.