MAJERE: 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.
MAJERE
Largest movements
- Receivables within one year -€93,131
down €93,131 (-54.6%), from €170,434 to €77,303
of which Other amounts receivable: -€57,381
- Deferred charges and accrued income +€19,799
up €19,799, from €0 to €19,799
- Tangible fixed assets +€6,734
up €6,734 (+4.4%), from €152,129 to €158,864
of which Other tangible fixed assets: +€24,622
- Debts after one year -€36,159
down €36,159 (-30.7%), from €117,689 to €81,531
- Tax, wage and social debts -€30,306
down €30,306 (-73.6%), from €41,195 to €10,888
- Contributions -€18,450
down €18,450 (-99.5%), from €18,550 to €100
- Trade debts +€8,778
up €8,778 (+492%), from €1,785 to €10,562
- Reserves +€4,763
up €4,763 (+4.7%), from €101,307 to €106,070
of which Distributable reserves: +€4,763
- Gross operating margin -€62,365
down €62,365 (-51.0%), from €122,302 to €59,937
- Taxes -€18,458
down €18,458 (-56.2%), from €32,840 to €14,382
- Financial income +€1,981
up €1,981 (+373%), from €531 to €2,512
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 | €331,805 | €263,139 | -€68,666 | -20.7% |
| Fixed assets | 21/28 | €152,129 | €158,864 | +€6,734 | +4.4% |
| Tangible fixed assets | 22/27 | €152,129 | €158,864 | +€6,734 | +4.4% |
| Land and buildings | 22 | €146,698 | €131,429 | -€15,269 | -10.4% |
| Furniture and vehicles | 24 | €3,232 | €613 | -€2,618 | -81.0% |
| Other tangible fixed assets | 26 | €2,200 | €26,822 | +€24,622 | +1,119% |
| Current assets | 29/58 | €179,675 | €104,275 | -€75,400 | -42.0% |
| Amounts receivable within one year | 40/41 | €170,434 | €77,303 | -€93,131 | -54.6% |
| Trade receivables | 40 | €55,110 | €19,360 | -€35,750 | -64.9% |
| Other amounts receivable | 41 | €115,324 | €57,943 | -€57,381 | -49.8% |
| Cash at bank and in hand | 54/58 | €9,241 | €7,173 | -€2,068 | -22.4% |
| Deferred charges and accrued income | 490/1 | €0 | €19,799 | +€19,799 | |
| Total equity and liabilities | 10/49 | €331,805 | €263,139 | -€68,666 | -20.7% |
| Equity | 10/15 | €119,857 | €106,170 | -€13,687 | -11.4% |
| Contributions | 10/11 | €18,550 | €100 | -€18,450 | -99.5% |
| Reserves | 13 | €101,307 | €106,070 | +€4,763 | +4.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €101,307 | €106,070 | +€4,763 | +4.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | +€0 | |
| Amounts payable | 17/49 | €211,948 | €156,969 | -€54,979 | -25.9% |
| Amounts payable after more than one year | 17 | €117,689 | €81,531 | -€36,159 | -30.7% |
| Financial debts | 170/4 | €117,689 | €81,531 | -€36,159 | -30.7% |
| Amounts payable within one year | 42/48 | €93,759 | €74,340 | -€19,419 | -20.7% |
| Current portion of amounts payable after more than one year | 42 | €34,749 | €36,220 | +€1,471 | +4.2% |
| Trade debts | 44 | €1,785 | €10,562 | +€8,778 | +492% |
| Suppliers | 440/4 | €1,785 | €10,562 | +€8,778 | +492% |
| Taxes, remuneration and social security | 45 | €41,195 | €10,888 | -€30,306 | -73.6% |
| Taxes | 450/3 | €41,195 | €10,888 | -€30,306 | -73.6% |
| Other amounts payable | 47/48 | €16,030 | €16,669 | +€638 | +4.0% |
| Accrued charges and deferred income | 492/3 | €500 | €1,099 | +€599 | +120% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,302 | €3,916 | -€386 | -9.0% |
| Other operating charges | 640/8 | €651 | €716 | +€65 | +10.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €122,302 | €59,937 | -€62,365 | -51.0% |
| Operating profit (loss) | 9901 | €117,349 | €55,305 | -€62,044 | -52.9% |
| Financial income | 75/76B | €531 | €2,512 | +€1,981 | +373% |
| Recurring financial income | 75 | €531 | €2,512 | +€1,981 | +373% |
| Financial charges | 65/66B | €7,790 | €8,256 | +€466 | +6.0% |
| Recurring financial charges | 65 | €7,790 | €8,256 | +€466 | +6.0% |
| Profit (loss) for the period before taxes | 9903 | €110,090 | €49,561 | -€60,529 | -55.0% |
| Income taxes | 67/77 | €32,840 | €14,382 | -€18,458 | -56.2% |
| Profit (loss) for the period | 9904 | €77,250 | €35,179 | -€42,070 | -54.5% |
| Profit (loss) for the period to be appropriated | 9905 | €77,250 | €35,179 | -€42,070 | -54.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.