MAJESTIC: what changed
MAJESTIC
Largest movements
- Receivables within one year -€37,341
down €37,341 (-27.0%), from €138,050 to €100,709
- Provisions -€67,288
down €67,288 (-100%), from €67,288 to €0
- Profit (loss) carried forward +€47,106
up €47,106 (+64.4%), from -€73,124 to -€26,019
- Other debts -€38,514
down €38,514 (-100%), from €38,514 to €0
- Reserves +€14,000
up €14,000 (+47.1%), from €29,747 to €43,747
of which Distributable reserves: +€14,000
- Trade debts +€8,491
up €8,491 (+591%), from €1,436 to €9,927
- Provisions -€67,288
new in 2025: -€67,288
- Taxes -€16,558
down €16,558 (-92.2%), from €17,958 to €1,400
- Gross operating margin -€6,143
down €6,143 (-302%), from -€2,036 to -€8,179
- Other operating charges -€1,783
down €1,783 (-81.7%), from €2,183 to €400
- Financial income -€736
down €736 (-15.3%), from €4,798 to €4,062
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €138,589 | €101,056 | -€37,533 | -27.1% |
| Current assets | 29/58 | €138,589 | €101,056 | -€37,533 | -27.1% |
| Amounts receivable within one year | 40/41 | €138,050 | €100,709 | -€37,341 | -27.0% |
| Other amounts receivable | 41 | €138,050 | €100,709 | -€37,341 | -27.0% |
| Cash at bank and in hand | 54/58 | €539 | €347 | -€192 | -35.7% |
| Total equity and liabilities | 10/49 | €138,589 | €101,056 | -€37,533 | -27.1% |
| Equity | 10/15 | €28,623 | €89,729 | +€61,106 | +213% |
| Contributions | 10/11 | €72,000 | €72,000 | = | 0.0% |
| Capital | 10 | €72,000 | €72,000 | = | 0.0% |
| Issued capital | 100 | €72,000 | €72,000 | = | 0.0% |
| Reserves | 13 | €29,747 | €43,747 | +€14,000 | +47.1% |
| Non-distributable reserves | 130/1 | €29,747 | €29,747 | = | 0.0% |
| Legal reserve | 130 | €29,747 | €29,747 | = | 0.0% |
| Distributable reserves | 133 | - | €14,000 | +€14,000 | |
| Profit (loss) carried forward | 14 | -€73,124 | -€26,019 | +€47,106 | +64.4% |
| Provisions and deferred taxes | 16 | €67,288 | €0 | -€67,288 | -100% |
| Provisions for liabilities and charges | 160/5 | €67,288 | €0 | -€67,288 | -100% |
| Pensions and similar obligations | 160 | €67,288 | €0 | -€67,288 | -100% |
| Amounts payable | 17/49 | €42,678 | €11,327 | -€31,351 | -73.5% |
| Amounts payable within one year | 42/48 | €42,291 | €11,327 | -€30,964 | -73.2% |
| Trade debts | 44 | €1,436 | €9,927 | +€8,491 | +591% |
| Suppliers | 440/4 | €1,436 | €9,927 | +€8,491 | +591% |
| Taxes, remuneration and social security | 45 | €2,341 | €1,400 | -€941 | -40.2% |
| Taxes | 450/3 | €2,341 | €1,400 | -€941 | -40.2% |
| Other amounts payable | 47/48 | €38,514 | €0 | -€38,514 | -100% |
| Accrued charges and deferred income | 492/3 | €387 | €0 | -€387 | -100% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€67,288 | -€67,288 | |
| Other operating charges | 640/8 | €2,183 | €400 | -€1,783 | -81.7% |
| Non-recurring operating charges | 66A | €25,000 | €0 | -€25,000 | -100% |
| Gross operating margin | 9900 | -€2,036 | -€8,179 | -€6,143 | -302% |
| Operating profit (loss) | 9901 | -€29,219 | €58,709 | +€87,928 | |
| Financial income | 75/76B | €4,798 | €4,062 | -€736 | -15.3% |
| Recurring financial income | 75 | €4,798 | €4,062 | -€736 | -15.3% |
| Financial charges | 65/66B | €239 | €265 | +€26 | +10.8% |
| Recurring financial charges | 65 | €239 | €265 | +€26 | +10.8% |
| Profit (loss) for the period before taxes | 9903 | -€24,661 | €62,506 | +€87,167 | |
| Income taxes | 67/77 | €17,958 | €1,400 | -€16,558 | -92.2% |
| Profit (loss) for the period | 9904 | -€42,618 | €61,106 | +€103,724 | |
| Profit (loss) for the period to be appropriated | 9905 | -€42,618 | €61,106 | +€103,724 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.