MAJELAN: 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.
MAJELAN
Largest movements
- Tangible fixed assets -€6,300
down €6,300 (-16.9%), from €37,229 to €30,929
of which Land and buildings: -€4,642
- Deferred charges and accrued income -€2,876
down €2,876 (-12.3%), from €23,418 to €20,542
- Cash +€769
up €769 (+999%), from €77 to €846
mainly Depreciation (+€6,301) and Deferred charges and accrued income (+€2,876)
- Profit (loss) carried forward -€8,406
down €8,406 (-7.0%), from -€120,583 to -€128,989
- Gross operating margin -€2,001
down €2,001 (-53.1%), from €3,766 to €1,765
- Other operating charges +€117
up €117 (+3.1%), from €3,725 to €3,842
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 | €60,724 | €52,317 | -€8,407 | -13.8% |
| Fixed assets | 21/28 | €37,229 | €30,929 | -€6,300 | -16.9% |
| Tangible fixed assets | 22/27 | €37,229 | €30,929 | -€6,300 | -16.9% |
| Land and buildings | 22 | €30,035 | €25,393 | -€4,642 | -15.5% |
| Plant, machinery and equipment | 23 | €7,194 | €5,536 | -€1,658 | -23.0% |
| Current assets | 29/58 | €23,495 | €21,388 | -€2,107 | -9.0% |
| Cash at bank and in hand | 54/58 | €77 | €846 | +€769 | +999% |
| Deferred charges and accrued income | 490/1 | €23,418 | €20,542 | -€2,876 | -12.3% |
| Total equity and liabilities | 10/49 | €60,724 | €52,317 | -€8,407 | -13.8% |
| Equity | 10/15 | -€58,583 | -€66,989 | -€8,406 | -14.3% |
| 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% |
| Profit (loss) carried forward | 14 | -€120,583 | -€128,989 | -€8,406 | -7.0% |
| Amounts payable | 17/49 | €119,307 | €119,306 | -€1 | 0.0% |
| Amounts payable after more than one year | 17 | €117,749 | €117,749 | = | 0.0% |
| Other amounts payable | 178/9 | €117,749 | €117,749 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,556 | €1,556 | = | 0.0% |
| Other amounts payable | 47/48 | €1,556 | €1,556 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €2 | €1 | -€1 | -50.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,301 | €6,301 | = | 0.0% |
| Other operating charges | 640/8 | €3,725 | €3,842 | +€117 | +3.1% |
| Gross operating margin | 9900 | €3,766 | €1,765 | -€2,001 | -53.1% |
| Operating profit (loss) | 9901 | -€6,260 | -€8,378 | -€2,118 | -33.8% |
| Financial charges | 65/66B | €29 | €30 | +€1 | +3.4% |
| Recurring financial charges | 65 | €29 | €30 | +€1 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | -€6,289 | -€8,408 | -€2,119 | -33.7% |
| Profit (loss) for the period | 9904 | -€6,289 | -€8,408 | -€2,119 | -33.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,289 | -€8,408 | -€2,119 | -33.7% |
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 25 October 2026 via checked.be.