MAJECON: 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.
MAJECON
Largest movements
- Cash +€18,151
up €18,151 (+1,179%), from €1,540 to €19,691
mainly Deferred charges and accrued income (+€10,535) and Net result for the year (+€8,570)
- Deferred charges and accrued income -€10,535
down €10,535 (-54.4%), from €19,375 to €8,840
- Receivables within one year +€2,237
up €2,237 (+2.4%), from €95,080 to €97,317
of which Other amounts receivable: +€5,221
- Stocks and contracts +€1,575
up €1,575 (+60.4%), from €2,606 to €4,180
- Reserves +€8,570
up €8,570 (+8.7%), from €98,517 to €107,088
- Accrued charges and deferred income +€3,609
up €3,609 (+45,972%), from €8 to €3,617
- Other debts -€1,961
down €1,961 (-34.0%), from €5,765 to €3,804
- Gross operating margin -€9,401
down €9,401 (-34.5%), from €27,277 to €17,876
- Taxes -€2,822
down €2,822 (-37.4%), from €7,549 to €4,727
- Other operating charges -€342
down €342 (-31.0%), from €1,103 to €761
- Depreciation -€276
down €276 (-19.4%), from €1,426 to €1,149
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 | €121,630 | €133,220 | +€11,590 | +9.5% |
| Fixed assets | 21/28 | €3,030 | €3,192 | +€162 | +5.4% |
| Tangible fixed assets | 22/27 | €3,030 | €3,192 | +€162 | +5.4% |
| Plant, machinery and equipment | 23 | €192 | €0 | -€192 | -100% |
| Furniture and vehicles | 24 | €884 | €1,543 | +€659 | +74.5% |
| Other tangible fixed assets | 26 | €1,954 | €1,649 | -€305 | -15.6% |
| Current assets | 29/58 | €118,600 | €130,028 | +€11,428 | +9.6% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €2,606 | €4,180 | +€1,575 | +60.4% |
| Stocks | 30/36 | €2,606 | €4,180 | +€1,575 | +60.4% |
| Amounts receivable within one year | 40/41 | €95,080 | €97,317 | +€2,237 | +2.4% |
| Trade receivables | 40 | €89,506 | €86,523 | -€2,984 | -3.3% |
| Other amounts receivable | 41 | €5,573 | €10,794 | +€5,221 | +93.7% |
| Cash at bank and in hand | 54/58 | €1,540 | €19,691 | +€18,151 | +1,179% |
| Deferred charges and accrued income | 490/1 | €19,375 | €8,840 | -€10,535 | -54.4% |
| Total equity and liabilities | 10/49 | €121,630 | €133,220 | +€11,590 | +9.5% |
| Equity | 10/15 | €104,717 | €113,288 | +€8,570 | +8.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €98,517 | €107,088 | +€8,570 | +8.7% |
| Distributable reserves | 133 | €98,517 | €107,088 | +€8,570 | +8.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €16,913 | €19,932 | +€3,019 | +17.9% |
| Amounts payable within one year | 42/48 | €16,905 | €16,316 | -€589 | -3.5% |
| Trade debts | 44 | €8,417 | €9,674 | +€1,257 | +14.9% |
| Suppliers | 440/4 | €8,417 | €9,674 | +€1,257 | +14.9% |
| Taxes, remuneration and social security | 45 | €2,723 | €2,837 | +€114 | +4.2% |
| Taxes | 450/3 | €2,723 | €2,837 | +€114 | +4.2% |
| Other amounts payable | 47/48 | €5,765 | €3,804 | -€1,961 | -34.0% |
| Accrued charges and deferred income | 492/3 | €8 | €3,617 | +€3,609 | +45,972% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,426 | €1,149 | -€276 | -19.4% |
| Other operating charges | 640/8 | €1,103 | €761 | -€342 | -31.0% |
| Gross operating margin | 9900 | €27,277 | €17,876 | -€9,401 | -34.5% |
| Operating profit (loss) | 9901 | €24,748 | €15,965 | -€8,783 | -35.5% |
| Financial income | 75/76B | €142 | €1 | -€141 | -99.6% |
| Recurring financial income | 75 | €142 | €1 | -€141 | -99.6% |
| Financial charges | 65/66B | €2,563 | €2,668 | +€105 | +4.1% |
| Recurring financial charges | 65 | €2,563 | €2,668 | +€105 | +4.1% |
| Profit (loss) for the period before taxes | 9903 | €22,327 | €13,298 | -€9,029 | -40.4% |
| Income taxes | 67/77 | €7,549 | €4,727 | -€2,822 | -37.4% |
| Profit (loss) for the period | 9904 | €14,778 | €8,570 | -€6,208 | -42.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,778 | €8,570 | -€6,208 | -42.0% |
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 13 October 2026 via checked.be.