MAJE FINANCE: what changed
MAJE FINANCE
Largest movements
- Cash +€16,722
up €16,722 (+17.7%), from €94,659 to €111,381
mainly Net result for the year (+€70,089) and Other debts (+€46,193)
- Tangible fixed assets -€7,484
down €7,484 (-3.7%), from €203,677 to €196,192
of which Land and buildings: -€7,192
- Receivables within one year -€4,941
down €4,941 (-26.8%), from €18,453 to €13,512
- Other debts +€46,193
up €46,193 (+79.8%), from €57,860 to €104,053
- Profit (loss) carried forward -€29,979
down €29,979 (-32.3%), from €92,859 to €62,880
- Debts after one year -€10,279
down €10,279 (-8.4%), from €122,732 to €112,453
- Gross operating margin +€12,047
up €12,047 (+13.7%), from €87,825 to €99,872
- Taxes +€2,400
up €2,400 (+15.1%), from €15,840 to €18,240
- Depreciation -€1,296
down €1,296 (-14.8%), from €8,781 to €7,484
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €317,827 | €322,154 | +€4,327 | +1.4% |
| Fixed assets | 21/28 | €203,719 | €196,235 | -€7,484 | -3.7% |
| Tangible fixed assets | 22/27 | €203,677 | €196,192 | -€7,484 | -3.7% |
| Land and buildings | 22 | €202,911 | €195,719 | -€7,192 | -3.5% |
| Furniture and vehicles | 24 | €766 | €473 | -€293 | -38.3% |
| Financial fixed assets | 28 | €42 | €42 | = | 0.0% |
| Current assets | 29/58 | €114,108 | €125,919 | +€11,812 | +10.4% |
| Amounts receivable within one year | 40/41 | €18,453 | €13,512 | -€4,941 | -26.8% |
| Trade receivables | 40 | €18,453 | €13,512 | -€4,941 | -26.8% |
| Cash at bank and in hand | 54/58 | €94,659 | €111,381 | +€16,722 | +17.7% |
| Deferred charges and accrued income | 490/1 | €996 | €1,027 | +€31 | +3.1% |
| Total equity and liabilities | 10/49 | €317,827 | €322,154 | +€4,327 | +1.4% |
| Equity | 10/15 | €113,319 | €83,340 | -€29,979 | -26.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €92,859 | €62,880 | -€29,979 | -32.3% |
| Amounts payable | 17/49 | €204,507 | €238,814 | +€34,307 | +16.8% |
| Amounts payable after more than one year | 17 | €122,732 | €112,453 | -€10,279 | -8.4% |
| Financial debts | 170/4 | €122,732 | €112,453 | -€10,279 | -8.4% |
| Amounts payable within one year | 42/48 | €80,796 | €125,381 | +€44,585 | +55.2% |
| Current portion of amounts payable after more than one year | 42 | €10,121 | €10,279 | +€158 | +1.6% |
| Trade debts | 44 | €676 | €628 | -€48 | -7.1% |
| Suppliers | 440/4 | €676 | €628 | -€48 | -7.1% |
| Taxes, remuneration and social security | 45 | €12,139 | €10,422 | -€1,718 | -14.1% |
| Taxes | 450/3 | €12,139 | €10,422 | -€1,718 | -14.1% |
| Other amounts payable | 47/48 | €57,860 | €104,053 | +€46,193 | +79.8% |
| Accrued charges and deferred income | 492/3 | €980 | €980 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,781 | €7,484 | -€1,296 | -14.8% |
| Other operating charges | 640/8 | €1,772 | €1,897 | +€125 | +7.1% |
| Gross operating margin | 9900 | €87,825 | €99,872 | +€12,047 | +13.7% |
| Operating profit (loss) | 9901 | €77,273 | €90,491 | +€13,218 | +17.1% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,325 | €2,163 | -€162 | -7.0% |
| Recurring financial charges | 65 | €2,325 | €2,163 | -€162 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | €74,947 | €88,328 | +€13,381 | +17.9% |
| Income taxes | 67/77 | €15,840 | €18,240 | +€2,400 | +15.1% |
| Profit (loss) for the period | 9904 | €59,107 | €70,089 | +€10,981 | +18.6% |
| Profit (loss) for the period to be appropriated | 9905 | €59,107 | €70,089 | +€10,981 | +18.6% |
Next steps
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 7 November 2026 via checked.be.