MAJAVA: what changed
Two fiscal 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.
MAJAVA
Largest movements
- Receivables within one year +€19,153
up €19,153 (+142.8%), from €13,417 to €32,570
of which Other amounts receivable: +€11,288
- Cash -€4,027
down €4,027 (-5.7%), from €71,158 to €67,131
mainly Receivables within one year (-€19,153) and Tax, wage and social debts (-€5,850)
- Profit (loss) carried forward +€20,972
up €20,972 (+33.1%), from €63,426 to €84,398
- Tax, wage and social debts -€5,850
down €5,850 (-30.3%), from €19,296 to €13,445
- Gross operating margin -€52,780
down €52,780 (-65.5%), from €80,601 to €27,821
- Taxes -€10,601
down €10,601 (-64.0%), from €16,568 to €5,967
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 | €85,642 | €100,959 | +€15,317 | +17.9% |
| Fixed assets | 21/28 | €1,067 | €1,258 | +€191 | +17.9% |
| Tangible fixed assets | 22/27 | €1,067 | €1,258 | +€191 | +17.9% |
| Plant, machinery and equipment | 23 | €1,067 | €1,258 | +€191 | +17.9% |
| Current assets | 29/58 | €84,575 | €99,701 | +€15,126 | +17.9% |
| Amounts receivable within one year | 40/41 | €13,417 | €32,570 | +€19,153 | +142.8% |
| Trade receivables | 40 | €12,705 | €20,570 | +€7,865 | +61.9% |
| Other amounts receivable | 41 | €712 | €12,000 | +€11,288 | +1586.3% |
| Cash at bank and in hand | 54/58 | €71,158 | €67,131 | -€4,027 | -5.7% |
| Total equity and liabilities | 10/49 | €85,642 | €100,959 | +€15,317 | +17.9% |
| Equity | 10/15 | €65,926 | €86,898 | +€20,972 | +31.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €63,426 | €84,398 | +€20,972 | +33.1% |
| Amounts payable | 17/49 | €19,716 | €14,061 | -€5,655 | -28.7% |
| Amounts payable within one year | 42/48 | €19,716 | €14,061 | -€5,655 | -28.7% |
| Trade debts | 44 | - | €260 | +€260 | |
| Suppliers | 440/4 | - | €260 | +€260 | |
| Taxes, remuneration and social security | 45 | €19,296 | €13,445 | -€5,850 | -30.3% |
| Taxes | 450/3 | €19,296 | €13,445 | -€5,850 | -30.3% |
| Other amounts payable | 47/48 | €420 | €355 | -€65 | -15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €437 | €685 | +€248 | +56.8% |
| Other operating charges | 640/8 | €113 | €101 | -€12 | -10.8% |
| Gross operating margin | 9900 | €80,601 | €27,821 | -€52,780 | -65.5% |
| Operating profit (loss) | 9901 | €80,051 | €27,035 | -€53,016 | -66.2% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €57 | €95 | +€38 | +66.6% |
| Recurring financial charges | 65 | €57 | €95 | +€38 | +66.6% |
| Profit (loss) for the period before taxes | 9903 | €79,994 | €26,939 | -€53,055 | -66.3% |
| Income taxes | 67/77 | €16,568 | €5,967 | -€10,601 | -64.0% |
| Profit (loss) for the period | 9904 | €63,426 | €20,972 | -€42,454 | -66.9% |
| Profit (loss) for the period to be appropriated | 9905 | €63,426 | €20,972 | -€42,454 | -66.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.