MAJE: 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.
MAJE
Largest movements
- Receivables within one year +€196,586
up €196,586 (+169%), from €116,468 to €313,055
of which Other amounts receivable: +€226,153
- Cash -€8,928
down €8,928 (-88.9%), from €10,041 to €1,113
mainly Receivables within one year (-€196,586) and Stocks and contracts (-€5,579)
- Stocks and contracts +€5,579
new in 2024: €5,579
- Reserves +€122,600
up €122,600 (+6,505%), from €1,885 to €124,485
of which Distributable reserves: +€122,600
- Tax, wage and social debts +€44,536
up €44,536 (+280%), from €15,911 to €60,446
of which Taxes: +€44,536
- Trade debts +€23,868
up €23,868 (+28.1%), from €84,793 to €108,661
- Gross operating margin +€189,776
up €189,776 (+593%), from €32,003 to €221,779
- Taxes +€41,175
up €41,175 (+1,473%), from €2,796 to €43,971
- Staff costs +€18,562
up €18,562 (+110%), from €16,820 to €35,382
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €147,672 | €338,735 | +€191,064 | +129% |
| Fixed assets | 21/28 | €21,162 | €18,988 | -€2,174 | -10.3% |
| Tangible fixed assets | 22/27 | €21,162 | €18,988 | -€2,174 | -10.3% |
| Other tangible fixed assets | 26 | €21,162 | €18,988 | -€2,174 | -10.3% |
| Current assets | 29/58 | €126,509 | €319,747 | +€193,238 | +153% |
| Stocks and contracts in progress | 3 | - | €5,579 | +€5,579 | |
| Stocks | 30/36 | - | €5,579 | +€5,579 | |
| Amounts receivable within one year | 40/41 | €116,468 | €313,055 | +€196,586 | +169% |
| Trade receivables | 40 | €41,738 | €12,171 | -€29,567 | -70.8% |
| Other amounts receivable | 41 | €74,731 | €300,884 | +€226,153 | +303% |
| Cash at bank and in hand | 54/58 | €10,041 | €1,113 | -€8,928 | -88.9% |
| Total equity and liabilities | 10/49 | €147,672 | €338,735 | +€191,064 | +129% |
| Equity | 10/15 | €37,068 | €159,727 | +€122,659 | +331% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Capital | 10 | €10,000 | €10,000 | = | 0.0% |
| Issued capital | 100 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €1,885 | €124,485 | +€122,600 | +6,505% |
| Non-distributable reserves | 130/1 | €1,885 | €1,885 | = | 0.0% |
| Legal reserve | 130 | €1,885 | €1,885 | = | 0.0% |
| Distributable reserves | 133 | - | €122,600 | +€122,600 | |
| Profit (loss) carried forward | 14 | €25,183 | €25,243 | +€59 | +0.2% |
| Amounts payable | 17/49 | €110,604 | €179,008 | +€68,404 | +61.8% |
| Amounts payable within one year | 42/48 | €110,604 | €179,008 | +€68,404 | +61.8% |
| Trade debts | 44 | €84,793 | €108,661 | +€23,868 | +28.1% |
| Suppliers | 440/4 | €84,793 | €108,661 | +€23,868 | +28.1% |
| Taxes, remuneration and social security | 45 | €15,911 | €60,446 | +€44,536 | +280% |
| Taxes | 450/3 | €13,976 | €58,512 | +€44,536 | +319% |
| Remuneration and social security | 454/9 | €1,934 | €1,934 | = | 0.0% |
| Other amounts payable | 47/48 | €9,900 | €9,900 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €16,820 | €35,382 | +€18,562 | +110% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €578 | €2,174 | +€1,596 | +276% |
| Other operating charges | 640/8 | €2,065 | €3,670 | +€1,605 | +77.7% |
| Non-recurring operating charges | 66A | €16,940 | €12,485 | -€4,455 | -26.3% |
| Gross operating margin | 9900 | €32,003 | €221,779 | +€189,776 | +593% |
| Operating profit (loss) | 9901 | -€4,400 | €168,068 | +€172,468 | |
| Financial charges | 65/66B | €3,430 | €1,438 | -€1,992 | -58.1% |
| Recurring financial charges | 65 | €3,430 | €1,438 | -€1,992 | -58.1% |
| Profit (loss) for the period before taxes | 9903 | -€7,830 | €166,630 | +€174,460 | |
| Income taxes | 67/77 | €2,796 | €43,971 | +€41,175 | +1,473% |
| Profit (loss) for the period | 9904 | -€10,626 | €122,659 | +€133,285 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,626 | €122,659 | +€133,285 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.