MAJESTIC: what changed
MAJESTIC
Largest movements
- Cash -€4,673
down €4,673 (-32.0%), from €14,596 to €9,923
mainly Investment in fixed assets (net) (-€7,215) and Other debts (-€4,000)
- Deferred charges and accrued income -€1,078
down €1,078 (-83.9%), from €1,285 to €206
- Tangible fixed assets +€356
up €356 (+3.8%), from €9,445 to €9,801
- Other debts -€4,000
down €4,000 (-28.6%), from €14,000 to €10,000
- Trade debts -€3,260
down €3,260 (-91.1%), from €3,577 to €318
- Tax, wage and social debts +€1,023
up €1,023 (+78.5%), from €1,303 to €2,326
- Profit (loss) carried forward +€702
up €702 (+7.9%), from -€8,849 to -€8,147
- Gross operating margin +€5,902
up €5,902 (+179%), from €3,294 to €9,196
- Depreciation +€310
up €310 (+4.7%), from €6,554 to €6,863
- Other operating charges -€285
down €285 (-29.9%), from €952 to €667
- Financial charges +€215
up €215 (+17.9%), from €1,204 to €1,418
- Financial income +€158
up €158 (+53.4%), from €296 to €455
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 | €30,498 | €24,948 | -€5,550 | -18.2% |
| Fixed assets | 21/28 | €9,695 | €10,047 | +€352 | +3.6% |
| Tangible fixed assets | 22/27 | €9,445 | €9,801 | +€356 | +3.8% |
| Furniture and vehicles | 24 | €9,445 | €9,801 | +€356 | +3.8% |
| Financial fixed assets | 28 | €250 | €246 | -€5 | -1.8% |
| Current assets | 29/58 | €20,803 | €14,901 | -€5,902 | -28.4% |
| Stocks and contracts in progress | 3 | €79 | €79 | +€0 | +0.5% |
| Stocks | 30/36 | €79 | €79 | +€0 | +0.5% |
| Amounts receivable within one year | 40/41 | €4,843 | €4,693 | -€150 | -3.1% |
| Trade receivables | 40 | €221 | €237 | +€16 | +7.1% |
| Other amounts receivable | 41 | €4,622 | €4,456 | -€166 | -3.6% |
| Cash at bank and in hand | 54/58 | €14,596 | €9,923 | -€4,673 | -32.0% |
| Deferred charges and accrued income | 490/1 | €1,285 | €206 | -€1,078 | -83.9% |
| Total equity and liabilities | 10/49 | €30,498 | €24,948 | -€5,550 | -18.2% |
| Equity | 10/15 | €11,603 | €12,305 | +€702 | +6.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,849 | -€8,147 | +€702 | +7.9% |
| Amounts payable | 17/49 | €18,895 | €12,643 | -€6,252 | -33.1% |
| Amounts payable within one year | 42/48 | €18,880 | €12,643 | -€6,237 | -33.0% |
| Trade debts | 44 | €3,577 | €318 | -€3,260 | -91.1% |
| Suppliers | 440/4 | €3,577 | €318 | -€3,260 | -91.1% |
| Taxes, remuneration and social security | 45 | €1,303 | €2,326 | +€1,023 | +78.5% |
| Taxes | 450/3 | €1,303 | €2,326 | +€1,023 | +78.5% |
| Other amounts payable | 47/48 | €14,000 | €10,000 | -€4,000 | -28.6% |
| Accrued charges and deferred income | 492/3 | €15 | - | -€15 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,554 | €6,863 | +€310 | +4.7% |
| Other operating charges | 640/8 | €952 | €667 | -€285 | -29.9% |
| Gross operating margin | 9900 | €3,294 | €9,196 | +€5,902 | +179% |
| Operating profit (loss) | 9901 | -€4,211 | €1,666 | +€5,877 | |
| Financial income | 75/76B | €296 | €455 | +€158 | +53.4% |
| Recurring financial income | 75 | €296 | €455 | +€158 | +53.4% |
| Financial charges | 65/66B | €1,204 | €1,418 | +€215 | +17.9% |
| Recurring financial charges | 65 | €1,204 | €1,418 | +€215 | +17.9% |
| Profit (loss) for the period before taxes | 9903 | -€5,118 | €702 | +€5,821 | |
| Profit (loss) for the period | 9904 | -€5,118 | €702 | +€5,821 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,118 | €702 | +€5,821 |
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 4 November 2026 via checked.be.