MAJANA: 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.
MAJANA
Largest movements
- Receivables within one year -€42,554
down €42,554 (-56.5%), from €75,329 to €32,776
of which Other amounts receivable: -€47,727
- Cash +€29,862
up €29,862 (+88.2%), from €33,843 to €63,705
mainly Receivables within one year (+€42,554) and Net result for the year (+€16,010)
- Reserves -€24,096
down €24,096 (-26.4%), from €91,212 to €67,116
- Tax, wage and social debts +€4,885
up €4,885 (+55.7%), from €8,779 to €13,664
- Other debts +€3,920
new in 2025: €3,920
- Trade debts +€2,554
up €2,554 (+39.8%), from €6,424 to €8,979
- Taxes -€1,691
down €1,691 (-21.2%), from €7,969 to €6,278
- Gross operating margin -€1,460
down €1,460 (-5.7%), from €25,835 to €24,375
- Financial income -€1,091
down €1,091 (-74.1%), from €1,472 to €381
- Financial charges -€418
down €418 (-23.5%), from €1,782 to €1,364
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 | €112,615 | €100,166 | -€12,449 | -11.1% |
| Fixed assets | 21/28 | €3,208 | €2,571 | -€637 | -19.9% |
| Tangible fixed assets | 22/27 | €3,161 | €2,571 | -€590 | -18.7% |
| Furniture and vehicles | 24 | €1,007 | €671 | -€336 | -33.4% |
| Other tangible fixed assets | 26 | €2,155 | €1,900 | -€255 | -11.8% |
| Financial fixed assets | 28 | €47 | €0 | -€47 | -100% |
| Current assets | 29/58 | €109,407 | €97,595 | -€11,812 | -10.8% |
| Amounts receivable within one year | 40/41 | €75,329 | €32,776 | -€42,554 | -56.5% |
| Trade receivables | 40 | €11,433 | €16,606 | +€5,173 | +45.2% |
| Other amounts receivable | 41 | €63,896 | €16,170 | -€47,727 | -74.7% |
| Cash at bank and in hand | 54/58 | €33,843 | €63,705 | +€29,862 | +88.2% |
| Deferred charges and accrued income | 490/1 | €234 | €1,115 | +€880 | +375% |
| Total equity and liabilities | 10/49 | €112,615 | €100,166 | -€12,449 | -11.1% |
| Equity | 10/15 | €97,412 | €73,316 | -€24,096 | -24.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €91,212 | €67,116 | -€24,096 | -26.4% |
| Distributable reserves | 133 | €91,212 | €67,116 | -€24,096 | -26.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €15,203 | €26,850 | +€11,648 | +76.6% |
| Amounts payable within one year | 42/48 | €15,203 | €26,813 | +€11,611 | +76.4% |
| Financial debts | 43 | - | €251 | +€251 | |
| Credit institutions | 430/8 | - | €251 | +€251 | |
| Trade debts | 44 | €6,424 | €8,979 | +€2,554 | +39.8% |
| Suppliers | 440/4 | €6,424 | €8,979 | +€2,554 | +39.8% |
| Taxes, remuneration and social security | 45 | €8,779 | €13,664 | +€4,885 | +55.7% |
| Taxes | 450/3 | €8,779 | €13,664 | +€4,885 | +55.7% |
| Other amounts payable | 47/48 | - | €3,920 | +€3,920 | |
| Accrued charges and deferred income | 492/3 | - | €37 | +€37 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €590 | €590 | = | 0.0% |
| Other operating charges | 640/8 | €406 | €513 | +€107 | +26.4% |
| Gross operating margin | 9900 | €25,835 | €24,375 | -€1,460 | -5.7% |
| Operating profit (loss) | 9901 | €24,838 | €23,271 | -€1,567 | -6.3% |
| Financial income | 75/76B | €1,472 | €381 | -€1,091 | -74.1% |
| Recurring financial income | 75 | €1,472 | €381 | -€1,091 | -74.1% |
| Financial charges | 65/66B | €1,782 | €1,364 | -€418 | -23.5% |
| Recurring financial charges | 65 | €1,782 | €1,364 | -€418 | -23.5% |
| Profit (loss) for the period before taxes | 9903 | €24,528 | €22,288 | -€2,240 | -9.1% |
| Income taxes | 67/77 | €7,969 | €6,278 | -€1,691 | -21.2% |
| Profit (loss) for the period | 9904 | €16,560 | €16,010 | -€549 | -3.3% |
| Profit (loss) for the period to be appropriated | 9905 | €16,560 | €16,010 | -€549 | -3.3% |
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 24 October 2026 via checked.be.