Majesty Smile: what changed
Majesty Smile
Largest movements
- Tangible fixed assets -€6,998
down €6,998 (-41.7%), from €16,772 to €9,774
- Cash -€5,810
down €5,810 (-9.5%), from €61,160 to €55,350
mainly Contributions, distributions and other (-€200,000) and Investment in fixed assets (net) (-€8,966)
- Receivables within one year -€2,760
down €2,760 (-2.9%), from €96,574 to €93,814
of which Other amounts receivable: -€2,153
- Profit (loss) carried forward -€131,143
down €131,143 (-90.4%), from €145,076 to €13,933
- Other debts +€69,141
up €69,141 (+8,049%), from €859 to €70,000
- Tax, wage and social debts +€48,291
up €48,291 (+181%), from €26,675 to €74,965
- Trade debts -€1,821
no longer reported in 2025 (was €1,821)
- Gross operating margin -€23,173
down €23,173 (-17.5%), from €132,258 to €109,085
- Taxes +€3,196
up €3,196 (+12.6%), from €25,396 to €28,592
- Financial income +€1,663
up €1,663 (+47.8%), from €3,478 to €5,141
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 | €174,930 | €159,398 | -€15,532 | -8.9% |
| Fixed assets | 21/28 | €16,772 | €9,774 | -€6,998 | -41.7% |
| Tangible fixed assets | 22/27 | €16,772 | €9,774 | -€6,998 | -41.7% |
| Furniture and vehicles | 24 | €16,772 | €9,774 | -€6,998 | -41.7% |
| Current assets | 29/58 | €158,158 | €149,624 | -€8,534 | -5.4% |
| Amounts receivable within one year | 40/41 | €96,574 | €93,814 | -€2,760 | -2.9% |
| Trade receivables | 40 | €635 | €28 | -€607 | -95.6% |
| Other amounts receivable | 41 | €95,939 | €93,786 | -€2,153 | -2.2% |
| Cash at bank and in hand | 54/58 | €61,160 | €55,350 | -€5,810 | -9.5% |
| Deferred charges and accrued income | 490/1 | €424 | €459 | +€36 | +8.5% |
| Total equity and liabilities | 10/49 | €174,930 | €159,398 | -€15,532 | -8.9% |
| Equity | 10/15 | €145,576 | €14,433 | -€131,143 | -90.1% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €145,076 | €13,933 | -€131,143 | -90.4% |
| Amounts payable | 17/49 | €29,355 | €144,965 | +€115,611 | +394% |
| Amounts payable within one year | 42/48 | €29,355 | €144,965 | +€115,611 | +394% |
| Trade debts | 44 | €1,821 | - | -€1,821 | |
| Suppliers | 440/4 | €1,821 | - | -€1,821 | |
| Taxes, remuneration and social security | 45 | €26,675 | €74,965 | +€48,291 | +181% |
| Taxes | 450/3 | €26,675 | €74,965 | +€48,291 | +181% |
| Other amounts payable | 47/48 | €859 | €70,000 | +€69,141 | +8,049% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,705 | €15,964 | +€259 | +1.6% |
| Other operating charges | 640/8 | €229 | €148 | -€81 | -35.2% |
| Gross operating margin | 9900 | €132,258 | €109,085 | -€23,173 | -17.5% |
| Operating profit (loss) | 9901 | €116,324 | €92,972 | -€23,352 | -20.1% |
| Financial income | 75/76B | €3,478 | €5,141 | +€1,663 | +47.8% |
| Recurring financial income | 75 | €3,478 | €5,141 | +€1,663 | +47.8% |
| Financial charges | 65/66B | €829 | €663 | -€165 | -19.9% |
| Recurring financial charges | 65 | €829 | €663 | -€165 | -19.9% |
| Profit (loss) for the period before taxes | 9903 | €118,973 | €97,449 | -€21,524 | -18.1% |
| Income taxes | 67/77 | €25,396 | €28,592 | +€3,196 | +12.6% |
| Profit (loss) for the period | 9904 | €93,577 | €68,857 | -€24,720 | -26.4% |
| Profit (loss) for the period to be appropriated | 9905 | €93,577 | €68,857 | -€24,720 | -26.4% |
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 7 November 2026 via checked.be.