MAJENTA & CO: 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.
MAJENTA & CO
Largest movements
- Tangible fixed assets +€6.8m
up €6.8m (+29.1%), from €23.4m to €30.2m
of which Assets under construction and advance payments: +€5.8m
- Receivables within one year -€459,394
down €459,394 (-29.3%), from €1.6m to €1.1m
of which Trade receivables: -€616,160
- Other debts +€7.6m
up €7.6m (+27.1%), from €28.2m to €35.8m
- Profit (loss) carried forward -€641,455
down €641,455 (-14.0%), from -€4.6m to -€5.2m
- Trade debts -€606,091
down €606,091 (-59.8%), from €1.0m to €406,905
- Depreciation +€118,929
up €118,929 (+43.5%), from €273,408 to €392,337
- Financial charges -€74,813
down €74,813 (-73.1%), from €102,342 to €27,529
- Gross operating margin +€18,397
up €18,397 (+8.3%), from -€220,459 to -€202,063
- Other operating charges +€16,850
up €16,850 (+630%), from €2,676 to €19,526
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 | €25,031,510 | €31,406,056 | +€6.4m | +25.5% |
| Fixed assets | 21/28 | €23,395,738 | €30,201,745 | +€6.8m | +29.1% |
| Tangible fixed assets | 22/27 | €23,394,461 | €30,201,745 | +€6.8m | +29.1% |
| Land and buildings | 22 | €23,287,650 | €24,296,524 | +€1.0m | +4.3% |
| Plant, machinery and equipment | 23 | €5,031 | €2,281 | -€2,750 | -54.7% |
| Furniture and vehicles | 24 | €101,781 | €92,629 | -€9,152 | -9.0% |
| Assets under construction and advance payments | 27 | €0 | €5,810,312 | +€5.8m | |
| Financial fixed assets | 28 | €1,277 | €0 | -€1,277 | -100% |
| Current assets | 29/58 | €1,635,772 | €1,204,311 | -€431,461 | -26.4% |
| Amounts receivable within one year | 40/41 | €1,566,848 | €1,107,454 | -€459,394 | -29.3% |
| Trade receivables | 40 | €712,135 | €95,975 | -€616,160 | -86.5% |
| Other amounts receivable | 41 | €854,713 | €1,011,479 | +€156,766 | +18.3% |
| Cash at bank and in hand | 54/58 | €63,007 | €89,762 | +€26,755 | +42.5% |
| Deferred charges and accrued income | 490/1 | €5,916 | €7,095 | +€1,178 | +19.9% |
| Total equity and liabilities | 10/49 | €25,031,510 | €31,406,056 | +€6.4m | +25.5% |
| Equity | 10/15 | -€4,213,488 | -€4,854,943 | -€641,455 | -15.2% |
| Contributions | 10/11 | €368,600 | €368,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,582,088 | -€5,223,543 | -€641,455 | -14.0% |
| Amounts payable | 17/49 | €29,244,998 | €36,260,999 | +€7.0m | +24.0% |
| Amounts payable within one year | 42/48 | €29,204,457 | €36,238,823 | +€7.0m | +24.1% |
| Trade debts | 44 | €1,012,996 | €406,905 | -€606,091 | -59.8% |
| Suppliers | 440/4 | €1,012,996 | €406,905 | -€606,091 | -59.8% |
| Advances received on contracts in progress | 46 | €1,679 | €0 | -€1,679 | -100% |
| Taxes, remuneration and social security | 45 | €6,405 | €3,000 | -€3,405 | -53.2% |
| Taxes | 450/3 | €3,530 | €0 | -€3,530 | -100% |
| Remuneration and social security | 454/9 | €2,875 | €3,000 | +€125 | +4.3% |
| Other amounts payable | 47/48 | €28,183,377 | €35,828,918 | +€7.6m | +27.1% |
| Accrued charges and deferred income | 492/3 | €40,542 | €22,176 | -€18,366 | -45.3% |
| Remuneration, social security and pensions | 62 | €248 | €0 | -€248 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €273,408 | €392,337 | +€118,929 | +43.5% |
| Other operating charges | 640/8 | €2,676 | €19,526 | +€16,850 | +630% |
| Non-recurring operating charges | 66A | €553,801 | €0 | -€553,801 | -100% |
| Gross operating margin | 9900 | -€220,459 | -€202,063 | +€18,397 | +8.3% |
| Operating profit (loss) | 9901 | -€1,050,593 | -€613,925 | +€436,667 | +41.6% |
| Financial income | 75/76B | €136 | €0 | -€136 | -100% |
| Recurring financial income | 75 | €136 | €0 | -€136 | -100% |
| Financial charges | 65/66B | €102,342 | €27,529 | -€74,813 | -73.1% |
| Recurring financial charges | 65 | €102,342 | €27,529 | -€74,813 | -73.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,152,799 | -€641,455 | +€511,344 | +44.4% |
| Profit (loss) for the period | 9904 | -€1,152,799 | -€641,455 | +€511,344 | +44.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,152,799 | -€641,455 | +€511,344 | +44.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.