MAJEPY: 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.
MAJEPY
Largest movements
- Receivables within one year +€76,934
up €76,934 (+85.6%), from €89,884 to €166,818
of which Other amounts receivable: +€79,929
- Deferred charges and accrued income -€3,373
down €3,373 (-93.9%), from €3,592 to €218
- Cash -€2,702
down €2,702 (-81.9%), from €3,301 to €598
mainly Receivables within one year (-€76,934) and Advances received (-€30,000)
- Reserves +€46,389
up €46,389 (+150.8%), from €30,754 to €77,142
- Advances received -€30,000
down €30,000 (-100.0%), from €30,000 to €0
- Other debts +€30,000
new in 2025: €30,000
- Trade debts +€21,975
up €21,975 (+220.1%), from €9,982 to €31,957
- Tax, wage and social debts +€2,204
up €2,204 (+10.0%), from €22,060 to €24,264
- Gross operating margin +€67,570
up €67,570 (+180.1%), from €37,521 to €105,091
- Other operating charges +€30,411
up €30,411 (+1959.6%), from €1,552 to €31,962
- Write-downs -€15,000
down €15,000, from €0 to -€15,000
- Taxes +€12,985
up €12,985 (+460.0%), from €2,823 to €15,808
- Financial income +€3,422
up €3,422 (+114.5%), from €2,990 to €6,412
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.
Cash bridge derived
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 | €98,384 | €168,901 | +€70,517 | +71.7% |
| Fixed assets | 21/28 | €1,608 | €1,266 | -€342 | -21.2% |
| Tangible fixed assets | 22/27 | €1,608 | €1,266 | -€342 | -21.2% |
| Furniture and vehicles | 24 | €1,608 | €1,266 | -€342 | -21.2% |
| Current assets | 29/58 | €96,776 | €167,635 | +€70,858 | +73.2% |
| Amounts receivable within one year | 40/41 | €89,884 | €166,818 | +€76,934 | +85.6% |
| Trade receivables | 40 | €15,000 | €12,005 | -€2,995 | -20.0% |
| Other amounts receivable | 41 | €74,884 | €154,813 | +€79,929 | +106.7% |
| Cash at bank and in hand | 54/58 | €3,301 | €598 | -€2,702 | -81.9% |
| Deferred charges and accrued income | 490/1 | €3,592 | €218 | -€3,373 | -93.9% |
| Total equity and liabilities | 10/49 | €98,384 | €168,901 | +€70,517 | +71.7% |
| Equity | 10/15 | €35,754 | €82,142 | +€46,389 | +129.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €30,754 | €77,142 | +€46,389 | +150.8% |
| Distributable reserves | 133 | €30,754 | €77,142 | +€46,389 | +150.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €62,630 | €86,759 | +€24,128 | +38.5% |
| Amounts payable within one year | 42/48 | €62,042 | €86,221 | +€24,179 | +39.0% |
| Trade debts | 44 | €9,982 | €31,957 | +€21,975 | +220.1% |
| Suppliers | 440/4 | €9,982 | €31,957 | +€21,975 | +220.1% |
| Advances received on contracts in progress | 46 | €30,000 | €0 | -€30,000 | -100.0% |
| Taxes, remuneration and social security | 45 | €22,060 | €24,264 | +€2,204 | +10.0% |
| Taxes | 450/3 | €22,060 | €24,264 | +€2,204 | +10.0% |
| Other amounts payable | 47/48 | - | €30,000 | +€30,000 | |
| Accrued charges and deferred income | 492/3 | €588 | €538 | -€51 | -8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €267 | €342 | +€75 | +28.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | -€15,000 | -€15,000 | |
| Other operating charges | 640/8 | €1,552 | €31,962 | +€30,411 | +1959.6% |
| Gross operating margin | 9900 | €37,521 | €105,091 | +€67,570 | +180.1% |
| Operating profit (loss) | 9901 | €35,702 | €87,787 | +€52,085 | +145.9% |
| Financial income | 75/76B | €2,990 | €6,412 | +€3,422 | +114.5% |
| Recurring financial income | 75 | €2,990 | €6,412 | +€3,422 | +114.5% |
| Financial charges | 65/66B | €1,025 | €2,003 | +€977 | +95.3% |
| Recurring financial charges | 65 | €1,025 | €2,003 | +€977 | +95.3% |
| Profit (loss) for the period before taxes | 9903 | €37,666 | €92,196 | +€54,530 | +144.8% |
| Income taxes | 67/77 | €2,823 | €15,808 | +€12,985 | +460.0% |
| Profit (loss) for the period | 9904 | €34,844 | €76,389 | +€41,545 | +119.2% |
| Profit (loss) for the period to be appropriated | 9905 | €34,844 | €76,389 | +€41,545 | +119.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.