MAJENERGY: 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.
MAJENERGY
Largest movements
- Receivables within one year -€244,352
down €244,352 (-73.2%), from €333,747 to €89,395
of which Trade receivables: -€249,703
- Cash +€28,901
up €28,901 (+263.1%), from €10,983 to €39,885
mainly Receivables within one year (+€244,352) and Depreciation (+€16,094)
- Tangible fixed assets -€4,752
down €4,752 (-8.4%), from €56,284 to €51,533
of which Furniture and vehicles: -€3,085
- Trade debts -€173,604
down €173,604 (-92.6%), from €187,474 to €13,871
- Other debts -€30,766
down €30,766 (-96.0%), from €32,065 to €1,298
- Tax, wage and social debts -€18,419
down €18,419 (-31.7%), from €58,092 to €39,673
- Debts after one year +€11,047
new in 2024: €11,047
- Accrued charges and deferred income -€7,110
no longer reported in 2024 (was €7,110)
- Gross operating margin -€146,510
down €146,510 (-88.6%), from €165,334 to €18,824
- Taxes -€38,357
down €38,357 (-98.4%), from €39,000 to €643
- Depreciation +€7,723
up €7,723 (+92.3%), from €8,371 to €16,094
- Other operating charges +€1,938
up €1,938 (+366.2%), from €529 to €2,468
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 | €406,074 | €190,043 | -€216,032 | -53.2% |
| Fixed assets | 21/28 | €56,284 | €51,533 | -€4,752 | -8.4% |
| Tangible fixed assets | 22/27 | €56,284 | €51,533 | -€4,752 | -8.4% |
| Plant, machinery and equipment | 23 | €5,236 | €3,570 | -€1,666 | -31.8% |
| Furniture and vehicles | 24 | €51,048 | €47,963 | -€3,085 | -6.0% |
| Current assets | 29/58 | €349,790 | €138,510 | -€211,280 | -60.4% |
| Stocks and contracts in progress | 3 | €5,060 | €9,081 | +€4,021 | +79.5% |
| Stocks | 30/36 | €5,060 | €9,081 | +€4,021 | +79.5% |
| Amounts receivable within one year | 40/41 | €333,747 | €89,395 | -€244,352 | -73.2% |
| Trade receivables | 40 | €333,747 | €84,044 | -€249,703 | -74.8% |
| Other amounts receivable | 41 | - | €5,351 | +€5,351 | |
| Cash at bank and in hand | 54/58 | €10,983 | €39,885 | +€28,901 | +263.1% |
| Deferred charges and accrued income | 490/1 | - | €150 | +€150 | |
| Total equity and liabilities | 10/49 | €406,074 | €190,043 | -€216,032 | -53.2% |
| Equity | 10/15 | €121,333 | €121,421 | +€88 | +0.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €116,333 | €116,421 | +€88 | +0.1% |
| Amounts payable | 17/49 | €284,741 | €68,621 | -€216,119 | -75.9% |
| Amounts payable after more than one year | 17 | - | €11,047 | +€11,047 | |
| Financial debts | 170/4 | - | €11,047 | +€11,047 | |
| Amounts payable within one year | 42/48 | €277,631 | €57,574 | -€220,057 | -79.3% |
| Current portion of amounts payable after more than one year | 42 | - | €2,732 | +€2,732 | |
| Trade debts | 44 | €187,474 | €13,871 | -€173,604 | -92.6% |
| Suppliers | 440/4 | €187,474 | €13,871 | -€173,604 | -92.6% |
| Taxes, remuneration and social security | 45 | €58,092 | €39,673 | -€18,419 | -31.7% |
| Taxes | 450/3 | €58,092 | €39,673 | -€18,419 | -31.7% |
| Other amounts payable | 47/48 | €32,065 | €1,298 | -€30,766 | -96.0% |
| Accrued charges and deferred income | 492/3 | €7,110 | - | -€7,110 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,371 | €16,094 | +€7,723 | +92.3% |
| Other operating charges | 640/8 | €529 | €2,468 | +€1,938 | +366.2% |
| Gross operating margin | 9900 | €165,334 | €18,824 | -€146,510 | -88.6% |
| Operating profit (loss) | 9901 | €156,434 | €263 | -€156,171 | -99.8% |
| Financial income | 75/76B | €0 | €983 | +€983 | +9833500.0% |
| Recurring financial income | 75 | €0 | €983 | +€983 | +9833500.0% |
| Financial charges | 65/66B | €1,101 | €515 | -€585 | -53.2% |
| Recurring financial charges | 65 | €1,101 | €515 | -€585 | -53.2% |
| Profit (loss) for the period before taxes | 9903 | €155,333 | €731 | -€154,602 | -99.5% |
| Income taxes | 67/77 | €39,000 | €643 | -€38,357 | -98.4% |
| Profit (loss) for the period | 9904 | €116,333 | €88 | -€116,246 | -99.9% |
| Profit (loss) for the period to be appropriated | 9905 | €116,333 | €88 | -€116,246 | -99.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.