MAJBO-HUB: what changed
What changed
MAJBO-HUB
NACE 74.120, Graphic design and visual communication
filed annual accounts (NBB)
Net result for the year
€43
2024 · €3,803-€3,760
Equity
€116,305
2024 · €116,262+€43
Cash
€1,296
2024 · €107+€1,189
Balance sheet total
€210,886
2024 · €218,414-€7,528
Largest movements
Assets
- Receivables within one year -€122,704
down €122,704 (-60.4%), from €203,285 to €80,581
of which Other amounts receivable: -€118,375
- Receivables after one year +€114,287
new in 2025: €114,287
Equity and liabilities
- Trade debts -€12,000
down €12,000 (-13.9%), from €86,592 to €74,592
- Other debts +€10,729
new in 2025: €10,729
- Tax, wage and social debts -€6,269
down €6,269 (-41.3%), from €15,180 to €8,911
Income statement
- Other operating charges +€4,861
up €4,861 (+209%), from €2,322 to €7,183
- Financial charges +€3,624
up €3,624 (+421%), from €861 to €4,485
- Taxes -€2,272
down €2,272 (-63.7%), from €3,568 to €1,296
- Gross operating margin +€1,393
up €1,393 (+9.8%), from €14,238 to €15,631
- Financial income +€1,220
up €1,220 (+61,000%), from €2 to €1,222
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€3,803
Gross operating margin
+€1,393
Depreciation
-€160
Other operating charges
-€4,861
Financial income
+€1,220
Financial charges
-€3,624
Taxes
+€2,272
Result 2025
€43
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€4,898
Investment
-€3,709
Financing
€0
Cash 2024
€107
From operations (derived)
+€4,898
Net result for the year
+€43
Depreciation
+€3,846
Receivables after one year
-€114,287
Receivables within one year
+€122,704
Deferred charges and accrued income
+€163
Trade debts
-€12,000
Tax, wage and social debts
-€6,269
Advances received
-€380
Other debts
+€10,729
Accrued charges and deferred income
+€349
Investment (derived)
-€3,709
Investment in fixed assets (net)
-€3,709
Cash 2025
€1,296
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €218,414 | €210,886 | -€7,528 | -3.4% |
| Fixed assets | 21/28 | €13,865 | €13,728 | -€137 | -1.0% |
| Tangible fixed assets | 22/27 | €13,865 | €13,728 | -€137 | -1.0% |
| Land and buildings | 22 | €3,253 | €2,869 | -€384 | -11.8% |
| Plant, machinery and equipment | 23 | €10,612 | €10,859 | +€247 | +2.3% |
| Current assets | 29/58 | €204,549 | €197,158 | -€7,391 | -3.6% |
| Amounts receivable after more than one year | 29 | - | €114,287 | +€114,287 | |
| Other amounts receivable | 291 | - | €114,287 | +€114,287 | |
| Amounts receivable within one year | 40/41 | €203,285 | €80,581 | -€122,704 | -60.4% |
| Trade receivables | 40 | €75,788 | €71,459 | -€4,329 | -5.7% |
| Other amounts receivable | 41 | €127,497 | €9,122 | -€118,375 | -92.8% |
| Cash at bank and in hand | 54/58 | €107 | €1,296 | +€1,189 | +1,111% |
| Deferred charges and accrued income | 490/1 | €1,157 | €994 | -€163 | -14.1% |
| Total equity and liabilities | 10/49 | €218,414 | €210,886 | -€7,528 | -3.4% |
| Equity | 10/15 | €116,262 | €116,305 | +€43 | 0.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €103,862 | €103,905 | +€43 | 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% |
| Distributable reserves | 133 | €102,002 | €102,045 | +€43 | 0.0% |
| Amounts payable | 17/49 | €102,152 | €94,581 | -€7,571 | -7.4% |
| Amounts payable within one year | 42/48 | €102,152 | €94,232 | -€7,920 | -7.8% |
| Trade debts | 44 | €86,592 | €74,592 | -€12,000 | -13.9% |
| Suppliers | 440/4 | €86,592 | €74,592 | -€12,000 | -13.9% |
| Advances received on contracts in progress | 46 | €380 | - | -€380 | |
| Taxes, remuneration and social security | 45 | €15,180 | €8,911 | -€6,269 | -41.3% |
| Taxes | 450/3 | €15,180 | €8,911 | -€6,269 | -41.3% |
| Other amounts payable | 47/48 | - | €10,729 | +€10,729 | |
| Accrued charges and deferred income | 492/3 | - | €349 | +€349 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,686 | €3,846 | +€160 | +4.3% |
| Other operating charges | 640/8 | €2,322 | €7,183 | +€4,861 | +209% |
| Gross operating margin | 9900 | €14,238 | €15,631 | +€1,393 | +9.8% |
| Operating profit (loss) | 9901 | €8,230 | €4,602 | -€3,628 | -44.1% |
| Financial income | 75/76B | €2 | €1,222 | +€1,220 | +61,000% |
| Recurring financial income | 75 | €2 | €1,222 | +€1,220 | +61,000% |
| Financial charges | 65/66B | €861 | €4,485 | +€3,624 | +421% |
| Recurring financial charges | 65 | €861 | €4,485 | +€3,624 | +421% |
| Profit (loss) for the period before taxes | 9903 | €7,371 | €1,339 | -€6,032 | -81.8% |
| Income taxes | 67/77 | €3,568 | €1,296 | -€2,272 | -63.7% |
| Profit (loss) for the period | 9904 | €3,803 | €43 | -€3,760 | -98.9% |
| Profit (loss) for the period to be appropriated | 9905 | €3,803 | €43 | -€3,760 | -98.9% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.