Majestech: 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.
Majestech
Largest movements
- Tangible fixed assets +€12,751
up €12,751 (+67.0%), from €19,036 to €31,787
of which Furniture and vehicles: +€14,293
- Cash -€7,945
down €7,945 (-28.2%), from €28,160 to €20,215
mainly Contributions, distributions and other (-€39,638) and Investment in fixed assets (net) (-€18,721)
- Deferred charges and accrued income +€3,348
up €3,348 (+161.3%), from €2,076 to €5,425
- Receivables within one year -€2,921
down €2,921 (-6.0%), from €48,597 to €45,676
of which Trade receivables: -€2,921
- Reserves -€16,888
down €16,888 (-90.1%), from €18,748 to €1,860
- Other debts +€15,232
up €15,232 (+66.3%), from €22,980 to €38,212
- Tax, wage and social debts +€3,962
up €3,962 (+10.3%), from €38,283 to €42,244
- Trade debts +€2,920
up €2,920 (+139.3%), from €2,096 to €5,016
- Gross operating margin -€23,589
down €23,589 (-35.4%), from €66,700 to €43,112
- Taxes -€4,173
down €4,173 (-27.5%), from €15,167 to €10,994
- Depreciation +€1,721
up €1,721 (+40.5%), from €4,248 to €5,970
- Financial charges +€1,418
up €1,418 (+112.2%), from €1,263 to €2,681
- Other operating charges +€875
up €875 (+237.7%), from €368 to €1,243
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 | €127,870 | €133,103 | +€5,233 | +4.1% |
| Fixed assets | 21/28 | €19,036 | €31,787 | +€12,751 | +67.0% |
| Tangible fixed assets | 22/27 | €19,036 | €31,787 | +€12,751 | +67.0% |
| Plant, machinery and equipment | 23 | €4,176 | €1,105 | -€3,071 | -73.5% |
| Furniture and vehicles | 24 | €983 | €15,276 | +€14,293 | +1453.5% |
| Other tangible fixed assets | 26 | €13,876 | €15,406 | +€1,530 | +11.0% |
| Current assets | 29/58 | €108,834 | €101,316 | -€7,518 | -6.9% |
| Amounts receivable after more than one year | 29 | €30,000 | €30,000 | = | 0.0% |
| Other amounts receivable | 291 | €30,000 | €30,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €48,597 | €45,676 | -€2,921 | -6.0% |
| Trade receivables | 40 | €47,757 | €44,836 | -€2,921 | -6.1% |
| Other amounts receivable | 41 | €840 | €840 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €28,160 | €20,215 | -€7,945 | -28.2% |
| Deferred charges and accrued income | 490/1 | €2,076 | €5,425 | +€3,348 | +161.3% |
| Total equity and liabilities | 10/49 | €127,870 | €133,103 | +€5,233 | +4.1% |
| Equity | 10/15 | €64,511 | €47,631 | -€16,881 | -26.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €18,748 | €1,860 | -€16,888 | -90.1% |
| Distributable reserves | 133 | €18,748 | €1,860 | -€16,888 | -90.1% |
| Profit (loss) carried forward | 14 | €27,163 | €27,171 | +€7 | 0.0% |
| Amounts payable | 17/49 | €63,359 | €85,472 | +€22,114 | +34.9% |
| Amounts payable within one year | 42/48 | €63,359 | €85,472 | +€22,114 | +34.9% |
| Trade debts | 44 | €2,096 | €5,016 | +€2,920 | +139.3% |
| Suppliers | 440/4 | €2,096 | €5,016 | +€2,920 | +139.3% |
| Taxes, remuneration and social security | 45 | €38,283 | €42,244 | +€3,962 | +10.3% |
| Taxes | 450/3 | €38,283 | €42,244 | +€3,962 | +10.3% |
| Other amounts payable | 47/48 | €22,980 | €38,212 | +€15,232 | +66.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,248 | €5,970 | +€1,721 | +40.5% |
| Other operating charges | 640/8 | €368 | €1,243 | +€875 | +237.7% |
| Gross operating margin | 9900 | €66,700 | €43,112 | -€23,589 | -35.4% |
| Operating profit (loss) | 9901 | €62,084 | €35,899 | -€26,185 | -42.2% |
| Financial income | 75/76B | €533 | €533 | -€0 | -0.1% |
| Recurring financial income | 75 | €533 | €533 | -€0 | -0.1% |
| Financial charges | 65/66B | €1,263 | €2,681 | +€1,418 | +112.2% |
| Recurring financial charges | 65 | €1,263 | €2,681 | +€1,418 | +112.2% |
| Profit (loss) for the period before taxes | 9903 | €61,354 | €33,751 | -€27,603 | -45.0% |
| Income taxes | 67/77 | €15,167 | €10,994 | -€4,173 | -27.5% |
| Profit (loss) for the period | 9904 | €46,187 | €22,757 | -€23,430 | -50.7% |
| Profit (loss) for the period to be appropriated | 9905 | €46,187 | €22,757 | -€23,430 | -50.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.