MAJELA: 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.
MAJELA
Largest movements
- Receivables within one year +€607,823
up €607,823 (+525.2%), from €115,728 to €723,551
of which Other amounts receivable: +€608,320
- Tangible fixed assets +€209,189
up €209,189 (+16.9%), from €1.2m to €1.4m
- Current portion of long-term debt +€1.0m
up €1.0m (+3041.7%), from €32,877 to €1.0m
- Trade debts -€64,538
down €64,538 (-81.1%), from €79,569 to €15,031
- Other debts -€43,182
down €43,182 (-5.4%), from €803,038 to €759,855
- Debts after one year -€32,877
down €32,877 (-85.7%), from €38,356 to €5,479
- Profit (loss) carried forward -€25,436
down €25,436 (-10.0%), from €254,417 to €228,981
- Gross operating margin -€77,801
down €77,801 (-38.4%), from €202,740 to €124,939
- Financial charges +€30,596
up €30,596 (+635.4%), from €4,815 to €35,411
- Depreciation +€23,727
up €23,727 (+28.8%), from €82,310 to €106,037
- Taxes -€20,473
no longer reported in 2024 (was €20,473)
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.
Cash bridge derived
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 | €1,361,564 | €2,187,306 | +€825,742 | +60.6% |
| Fixed assets | 21/28 | €1,238,748 | €1,447,937 | +€209,189 | +16.9% |
| Tangible fixed assets | 22/27 | €1,237,248 | €1,446,437 | +€209,189 | +16.9% |
| Land and buildings | 22 | €1,237,248 | €1,446,437 | +€209,189 | +16.9% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €122,816 | €739,369 | +€616,553 | +502.0% |
| Amounts receivable within one year | 40/41 | €115,728 | €723,551 | +€607,823 | +525.2% |
| Trade receivables | 40 | €7,919 | €7,422 | -€497 | -6.3% |
| Other amounts receivable | 41 | €107,809 | €716,129 | +€608,320 | +564.3% |
| Cash at bank and in hand | 54/58 | €4,466 | €11,563 | +€7,097 | +158.9% |
| Deferred charges and accrued income | 490/1 | €2,623 | €4,255 | +€1,633 | +62.2% |
| Total equity and liabilities | 10/49 | €1,361,564 | €2,187,306 | +€825,742 | +60.6% |
| Equity | 10/15 | €355,975 | €325,774 | -€30,201 | -8.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €39,558 | €34,793 | -€4,766 | -12.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €33,358 | €28,593 | -€4,766 | -14.3% |
| Profit (loss) carried forward | 14 | €254,417 | €228,981 | -€25,436 | -10.0% |
| Provisions and deferred taxes | 16 | €17,177 | €14,723 | -€2,454 | -14.3% |
| Deferred taxes | 168 | €17,177 | €14,723 | -€2,454 | -14.3% |
| Amounts payable | 17/49 | €988,412 | €1,846,809 | +€858,397 | +86.8% |
| Amounts payable after more than one year | 17 | €38,356 | €5,479 | -€32,877 | -85.7% |
| Financial debts | 170/4 | €38,356 | €5,479 | -€32,877 | -85.7% |
| Amounts payable within one year | 42/48 | €940,742 | €1,832,976 | +€892,233 | +94.8% |
| Current portion of amounts payable after more than one year | 42 | €32,877 | €1,032,877 | +€1.0m | +3041.7% |
| Financial debts | 43 | €2,555 | €2,556 | +€1 | 0.0% |
| Credit institutions | 430/8 | €2,555 | €2,556 | +€1 | 0.0% |
| Trade debts | 44 | €79,569 | €15,031 | -€64,538 | -81.1% |
| Suppliers | 440/4 | €79,569 | €15,031 | -€64,538 | -81.1% |
| Taxes, remuneration and social security | 45 | €22,703 | €22,656 | -€48 | -0.2% |
| Taxes | 450/3 | €22,703 | €22,656 | -€48 | -0.2% |
| Other amounts payable | 47/48 | €803,038 | €759,855 | -€43,182 | -5.4% |
| Accrued charges and deferred income | 492/3 | €9,314 | €8,354 | -€960 | -10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,310 | €106,037 | +€23,727 | +28.8% |
| Other operating charges | 640/8 | €15,535 | €16,168 | +€633 | +4.1% |
| Gross operating margin | 9900 | €202,740 | €124,939 | -€77,801 | -38.4% |
| Operating profit (loss) | 9901 | €104,895 | €2,734 | -€102,161 | -97.4% |
| Financial income | 75/76B | €47 | €21 | -€26 | -54.5% |
| Recurring financial income | 75 | €47 | €21 | -€26 | -54.5% |
| Financial charges | 65/66B | €4,815 | €35,411 | +€30,596 | +635.4% |
| Recurring financial charges | 65 | €4,815 | €35,411 | +€30,596 | +635.4% |
| Profit (loss) for the period before taxes | 9903 | €100,127 | -€32,655 | -€132,782 | |
| Transfer from deferred taxes | 780 | €2,454 | €2,454 | = | 0.0% |
| Income taxes | 67/77 | €20,473 | - | -€20,473 | |
| Profit (loss) for the period | 9904 | €82,108 | -€30,201 | -€112,309 | |
| Transfer from tax-exempt reserves | 789 | €4,766 | €4,766 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €86,874 | -€25,436 | -€112,309 |
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 12 October 2026 via checked.be.