Majestic Studio: what changed
Majestic Studio
Largest movements
- Tangible fixed assets +€1,969
up €1,969 (+6.1%), from €32,320 to €34,289
of which Other tangible fixed assets: +€2,448
- Receivables within one year +€551
up €551 (+28.6%), from €1,926 to €2,477
of which Trade receivables: +€1,184
- Cash -€507
down €507 (-33.9%), from €1,497 to €989
- Other debts +€3,491
up €3,491 (+3.3%), from €106,550 to €110,041
- Profit (loss) carried forward -€3,296
down €3,296 (-3.6%), from -€91,104 to -€94,400
- Trade debts +€2,268
up €2,268 (+175%), from €1,296 to €3,564
- Tax, wage and social debts -€451
no longer reported in 2025 (was €451)
- Gross operating margin -€1,157
down €1,157 (-744%), from -€155 to -€1,312
- Depreciation -€576
down €576 (-45.4%), from €1,269 to €694
- Other operating charges -€399
down €399 (-86.2%), from €463 to €64
Change in the result, 2023 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
A cash bridge needs two consecutive financial years. One year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €35,743 | €37,755 | +€2,012 | +5.6% |
| Fixed assets | 21/28 | €32,320 | €34,289 | +€1,969 | +6.1% |
| Tangible fixed assets | 22/27 | €32,320 | €34,289 | +€1,969 | +6.1% |
| Plant, machinery and equipment | 23 | €31,711 | €31,232 | -€479 | -1.5% |
| Other tangible fixed assets | 26 | €608 | €3,057 | +€2,448 | +402% |
| Current assets | 29/58 | €3,423 | €3,466 | +€44 | +1.3% |
| Amounts receivable within one year | 40/41 | €1,926 | €2,477 | +€551 | +28.6% |
| Trade receivables | 40 | - | €1,184 | +€1,184 | |
| Other amounts receivable | 41 | €1,926 | €1,293 | -€633 | -32.9% |
| Cash at bank and in hand | 54/58 | €1,497 | €989 | -€507 | -33.9% |
| Total equity and liabilities | 10/49 | €35,743 | €37,755 | +€2,012 | +5.6% |
| Equity | 10/15 | -€72,554 | -€75,850 | -€3,296 | -4.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Capital | 10 | €18,550 | €18,550 | = | 0.0% |
| Issued capital | 100 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€91,104 | -€94,400 | -€3,296 | -3.6% |
| Amounts payable | 17/49 | €108,297 | €113,605 | +€5,308 | +4.9% |
| Amounts payable within one year | 42/48 | €108,297 | €113,605 | +€5,308 | +4.9% |
| Trade debts | 44 | €1,296 | €3,564 | +€2,268 | +175% |
| Suppliers | 440/4 | €1,296 | €3,564 | +€2,268 | +175% |
| Taxes, remuneration and social security | 45 | €451 | - | -€451 | |
| Taxes | 450/3 | €451 | - | -€451 | |
| Other amounts payable | 47/48 | €106,550 | €110,041 | +€3,491 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,269 | €694 | -€576 | -45.4% |
| Other operating charges | 640/8 | €463 | €64 | -€399 | -86.2% |
| Gross operating margin | 9900 | -€155 | -€1,312 | -€1,157 | -744% |
| Operating profit (loss) | 9901 | -€1,888 | -€2,070 | -€182 | -9.6% |
| Financial charges | 65/66B | €185 | €197 | +€11 | +6.2% |
| Recurring financial charges | 65 | €185 | €197 | +€11 | +6.2% |
| Profit (loss) for the period before taxes | 9903 | -€2,073 | -€2,266 | -€193 | -9.3% |
| Profit (loss) for the period | 9904 | -€2,073 | -€2,266 | -€193 | -9.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,073 | -€2,266 | -€193 | -9.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.