MAJECA: 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.
MAJECA
Largest movements
- Tangible fixed assets -€24,880
down €24,880 (-5.4%), from €464,194 to €439,314
- Debts after one year -€18,501
down €18,501 (-41.9%), from €44,201 to €25,700
- Profit (loss) carried forward -€9,175
down €9,175 (-8.0%), from -€114,025 to -€123,200
- Gross operating margin -€642
down €642 (-2.9%), from €22,463 to €21,821
- Financial charges -€620
down €620 (-23.5%), from €2,642 to €2,022
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 | €483,745 | €455,898 | -€27,847 | -5.8% |
| Fixed assets | 21/28 | €464,194 | €439,314 | -€24,880 | -5.4% |
| Tangible fixed assets | 22/27 | €464,194 | €439,314 | -€24,880 | -5.4% |
| Land and buildings | 22 | €464,194 | €439,314 | -€24,880 | -5.4% |
| Current assets | 29/58 | €19,551 | €16,584 | -€2,967 | -15.2% |
| Cash at bank and in hand | 54/58 | €19,551 | €16,584 | -€2,967 | -15.2% |
| Total equity and liabilities | 10/49 | €483,745 | €455,898 | -€27,847 | -5.8% |
| Equity | 10/15 | €76,175 | €67,000 | -€9,175 | -12.0% |
| Contributions | 10/11 | €190,200 | €190,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€114,025 | -€123,200 | -€9,175 | -8.0% |
| Amounts payable | 17/49 | €407,570 | €388,898 | -€18,672 | -4.6% |
| Amounts payable after more than one year | 17 | €44,201 | €25,700 | -€18,501 | -41.9% |
| Financial debts | 170/4 | €44,201 | €25,700 | -€18,501 | -41.9% |
| Amounts payable within one year | 42/48 | €363,369 | €363,198 | -€171 | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €17,862 | €18,501 | +€639 | +3.6% |
| Other amounts payable | 47/48 | €345,507 | €344,697 | -€810 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,880 | €24,880 | = | 0.0% |
| Other operating charges | 640/8 | €3,975 | €4,094 | +€119 | +3.0% |
| Gross operating margin | 9900 | €22,463 | €21,821 | -€642 | -2.9% |
| Operating profit (loss) | 9901 | -€6,393 | -€7,153 | -€760 | -11.9% |
| Financial charges | 65/66B | €2,642 | €2,022 | -€620 | -23.5% |
| Recurring financial charges | 65 | €2,642 | €2,022 | -€620 | -23.5% |
| Profit (loss) for the period before taxes | 9903 | -€9,035 | -€9,175 | -€141 | -1.6% |
| Profit (loss) for the period | 9904 | -€9,035 | -€9,175 | -€141 | -1.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,035 | -€9,175 | -€141 | -1.6% |
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 7 October 2026 via checked.be.