MAJD TRADING: 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.
MAJD TRADING
Largest movements
- Receivables within one year -€97,139
down €97,139 (-74.6%), from €130,240 to €33,101
of which Trade receivables: -€73,103
- Tangible fixed assets +€50,380
up €50,380 (+217%), from €23,204 to €73,584
of which Other tangible fixed assets: +€32,928
- Stocks and contracts +€22,507
up €22,507 (+164%), from €13,747 to €36,254
- Trade debts -€64,910
down €64,910 (-56.8%), from €114,378 to €49,468
- Profit (loss) carried forward +€16,703
up €16,703 (+36.6%), from €45,660 to €62,362
- Tax, wage and social debts +€13,334
up €13,334 (+176%), from €7,560 to €20,894
of which Remuneration and social security: +€9,168
- Other debts +€5,703
new in 2025: €5,703
- Advances received +€5,446
up €5,446 (+573%), from €950 to €6,397
- Gross operating margin +€40,409
up €40,409 (+120%), from €33,688 to €74,097
- Staff costs +€28,785
up €28,785 (+228%), from €12,599 to €41,385
- Depreciation +€10,217
new in 2025: €10,217
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 | €203,548 | €179,824 | -€23,724 | -11.7% |
| Fixed assets | 21/28 | €23,204 | €73,584 | +€50,380 | +217% |
| Tangible fixed assets | 22/27 | €23,204 | €73,584 | +€50,380 | +217% |
| Plant, machinery and equipment | 23 | - | €15,919 | +€15,919 | |
| Furniture and vehicles | 24 | - | €1,534 | +€1,534 | |
| Other tangible fixed assets | 26 | €23,204 | €56,132 | +€32,928 | +142% |
| Current assets | 29/58 | €180,343 | €106,239 | -€74,104 | -41.1% |
| Stocks and contracts in progress | 3 | €13,747 | €36,254 | +€22,507 | +164% |
| Stocks | 30/36 | €13,747 | €36,254 | +€22,507 | +164% |
| Amounts receivable within one year | 40/41 | €130,240 | €33,101 | -€97,139 | -74.6% |
| Trade receivables | 40 | €106,204 | €33,101 | -€73,103 | -68.8% |
| Other amounts receivable | 41 | €24,036 | - | -€24,036 | |
| Cash at bank and in hand | 54/58 | €36,356 | €36,884 | +€528 | +1.5% |
| Total equity and liabilities | 10/49 | €203,548 | €179,824 | -€23,724 | -11.7% |
| Equity | 10/15 | €80,660 | €97,362 | +€16,703 | +20.7% |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,660 | €62,362 | +€16,703 | +36.6% |
| Amounts payable | 17/49 | €122,888 | €82,461 | -€40,427 | -32.9% |
| Amounts payable within one year | 42/48 | €122,888 | €82,461 | -€40,427 | -32.9% |
| Trade debts | 44 | €114,378 | €49,468 | -€64,910 | -56.8% |
| Suppliers | 440/4 | €114,378 | €49,468 | -€64,910 | -56.8% |
| Advances received on contracts in progress | 46 | €950 | €6,397 | +€5,446 | +573% |
| Taxes, remuneration and social security | 45 | €7,560 | €20,894 | +€13,334 | +176% |
| Taxes | 450/3 | €5,130 | €9,296 | +€4,166 | +81.2% |
| Remuneration and social security | 454/9 | €2,430 | €11,598 | +€9,168 | +377% |
| Other amounts payable | 47/48 | - | €5,703 | +€5,703 | |
| Remuneration, social security and pensions | 62 | €12,599 | €41,385 | +€28,785 | +228% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €10,217 | +€10,217 | |
| Other operating charges | 640/8 | €738 | €806 | +€68 | +9.2% |
| Gross operating margin | 9900 | €33,688 | €74,097 | +€40,409 | +120% |
| Operating profit (loss) | 9901 | €20,351 | €21,690 | +€1,339 | +6.6% |
| Financial income | 75/76B | €1 | €1 | +€0 | +19.6% |
| Recurring financial income | 75 | €1 | €1 | +€0 | +19.6% |
| Financial charges | 65/66B | €811 | €728 | -€83 | -10.2% |
| Recurring financial charges | 65 | €811 | €728 | -€83 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | €19,540 | €20,963 | +€1,422 | +7.3% |
| Income taxes | 67/77 | €4,576 | €4,260 | -€316 | -6.9% |
| Profit (loss) for the period | 9904 | €14,965 | €16,703 | +€1,738 | +11.6% |
| Profit (loss) for the period to be appropriated | 9905 | €14,965 | €16,703 | +€1,738 | +11.6% |
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 28 October 2026 via checked.be.