Maja Publishing: 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 Publishing
Largest movements
- Receivables within one year +€78,179
up €78,179 (+148%), from €52,683 to €130,863
of which Trade receivables: +€77,990
- Deferred charges and accrued income -€24,265
no longer reported in 2025 (was €24,265)
- Cash +€18,979
up €18,979 (+135%), from €14,094 to €33,072
mainly Trade debts (+€55,434) and Deferred charges and accrued income (+€24,265)
- Trade debts +€55,434
up €55,434 (+122%), from €45,322 to €100,756
- Reserves +€10,731
up €10,731 (+78.9%), from €13,597 to €24,328
- Tax, wage and social debts +€7,565
up €7,565 (+161%), from €4,713 to €12,278
- Gross operating margin +€4,211
up €4,211 (+30.3%), from €13,918 to €18,130
- Taxes +€1,151
up €1,151 (+39.9%), from €2,885 to €4,036
- Financial charges -€384
down €384 (-11.6%), from €3,307 to €2,924
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 | €91,042 | €163,935 | +€72,893 | +80.1% |
| Current assets | 29/58 | €91,042 | €163,935 | +€72,893 | +80.1% |
| Amounts receivable within one year | 40/41 | €52,683 | €130,863 | +€78,179 | +148% |
| Trade receivables | 40 | €52,683 | €130,674 | +€77,990 | +148% |
| Other amounts receivable | 41 | - | €189 | +€189 | |
| Cash at bank and in hand | 54/58 | €14,094 | €33,072 | +€18,979 | +135% |
| Deferred charges and accrued income | 490/1 | €24,265 | - | -€24,265 | |
| Total equity and liabilities | 10/49 | €91,042 | €163,935 | +€72,893 | +80.1% |
| Equity | 10/15 | €13,597 | €24,328 | +€10,731 | +78.9% |
| Reserves | 13 | €13,597 | €24,328 | +€10,731 | +78.9% |
| Distributable reserves | 133 | €13,597 | €24,328 | +€10,731 | +78.9% |
| Amounts payable | 17/49 | €77,445 | €139,607 | +€62,163 | +80.3% |
| Amounts payable after more than one year | 17 | €25,000 | €25,000 | = | 0.0% |
| Financial debts | 170/4 | €25,000 | €25,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €52,445 | €114,607 | +€62,163 | +119% |
| Trade debts | 44 | €45,322 | €100,756 | +€55,434 | +122% |
| Suppliers | 440/4 | €45,322 | €100,756 | +€55,434 | +122% |
| Taxes, remuneration and social security | 45 | €4,713 | €12,278 | +€7,565 | +161% |
| Taxes | 450/3 | €4,713 | €12,278 | +€7,565 | +161% |
| Other amounts payable | 47/48 | €2,409 | €1,573 | -€836 | -34.7% |
| Other operating charges | 640/8 | €384 | €449 | +€65 | +16.9% |
| Gross operating margin | 9900 | €13,918 | €18,130 | +€4,211 | +30.3% |
| Operating profit (loss) | 9901 | €13,534 | €17,680 | +€4,146 | +30.6% |
| Financial income | 75/76B | €104 | €10 | -€94 | -90.4% |
| Recurring financial income | 75 | €104 | €10 | -€94 | -90.4% |
| Financial charges | 65/66B | €3,307 | €2,924 | -€384 | -11.6% |
| Recurring financial charges | 65 | €3,307 | €2,924 | -€384 | -11.6% |
| Profit (loss) for the period before taxes | 9903 | €10,331 | €14,767 | +€4,436 | +42.9% |
| Income taxes | 67/77 | €2,885 | €4,036 | +€1,151 | +39.9% |
| Profit (loss) for the period | 9904 | €7,446 | €10,731 | +€3,285 | +44.1% |
| Profit (loss) for the period to be appropriated | 9905 | €7,446 | €10,731 | +€3,285 | +44.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.