MAJA HOLDING: 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 HOLDING
Largest movements
- Tangible fixed assets -€12,884
down €12,884 (-18.4%), from €69,925 to €57,041
of which Other tangible fixed assets: -€12,884
- Cash -€3,642
down €3,642 (-30.0%), from €12,142 to €8,500
mainly Net result for the year (-€16,291) and Trade debts (-€250)
- Profit (loss) carried forward -€16,291
down €16,291 (-3.5%), from -€463,504 to -€479,795
- Gross operating margin +€2,023
up €2,023, from -€990 to €1,033
- Financial income -€43
down €43 (-52.8%), from €82 to €39
- Other operating charges +€19
up €19 (+0.4%), from €4,414 to €4,433
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €82,091 | €65,552 | -€16,539 | -20.1% |
| Fixed assets | 21/28 | €69,925 | €57,041 | -€12,884 | -18.4% |
| Tangible fixed assets | 22/27 | €69,925 | €57,041 | -€12,884 | -18.4% |
| Land and buildings | 22 | €39,783 | €39,783 | = | 0.0% |
| Other tangible fixed assets | 26 | €30,142 | €17,258 | -€12,884 | -42.7% |
| Current assets | 29/58 | €12,166 | €8,511 | -€3,655 | -30.0% |
| Amounts receivable within one year | 40/41 | €25 | €12 | -€13 | -52.8% |
| Other amounts receivable | 41 | €25 | €12 | -€13 | -52.8% |
| Cash at bank and in hand | 54/58 | €12,142 | €8,500 | -€3,642 | -30.0% |
| Total equity and liabilities | 10/49 | €82,091 | €65,552 | -€16,539 | -20.1% |
| Equity | 10/15 | €79,393 | €63,102 | -€16,291 | -20.5% |
| Contributions | 10/11 | €144,822 | €144,822 | = | 0.0% |
| Capital | 10 | €128,804 | €128,804 | = | 0.0% |
| Issued capital | 100 | €128,804 | €128,804 | = | 0.0% |
| Contributions outside capital | 11 | €16,018 | €16,018 | = | 0.0% |
| Share premium | 1100/10 | €16,018 | €16,018 | = | 0.0% |
| Revaluation surpluses | 12 | €90,292 | €90,292 | = | 0.0% |
| Reserves | 13 | €307,783 | €307,783 | = | 0.0% |
| Tax-exempt reserves | 132 | €307,783 | €307,783 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€463,504 | -€479,795 | -€16,291 | -3.5% |
| Amounts payable | 17/49 | €2,699 | €2,450 | -€248 | -9.2% |
| Amounts payable within one year | 42/48 | €1,562 | €1,313 | -€250 | -16.0% |
| Trade debts | 44 | €250 | - | -€250 | |
| Suppliers | 440/4 | €250 | - | -€250 | |
| Other amounts payable | 47/48 | €1,313 | €1,313 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,137 | €1,138 | +€1 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,884 | €12,884 | = | 0.0% |
| Other operating charges | 640/8 | €4,414 | €4,433 | +€19 | +0.4% |
| Gross operating margin | 9900 | -€990 | €1,033 | +€2,023 | |
| Operating profit (loss) | 9901 | -€18,289 | -€16,284 | +€2,005 | +11.0% |
| Financial income | 75/76B | €82 | €39 | -€43 | -52.8% |
| Recurring financial income | 75 | €82 | €39 | -€43 | -52.8% |
| Financial charges | 65/66B | €38 | €45 | +€8 | +20.0% |
| Recurring financial charges | 65 | €38 | €45 | +€8 | +20.0% |
| Profit (loss) for the period before taxes | 9903 | -€18,245 | -€16,291 | +€1,954 | +10.7% |
| Profit (loss) for the period | 9904 | -€18,245 | -€16,291 | +€1,954 | +10.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,245 | -€16,291 | +€1,954 | +10.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.