MAJETECH: 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.
MAJETECH
Largest movements
- Cash -€9,211
down €9,211 (-31.1%), from €29,620 to €20,409
mainly Contributions, distributions and other (-€60,000) and Debts after one year (-€26,411)
- Receivables within one year +€9,165
up €9,165 (+86.3%), from €10,620 to €19,786
of which Trade receivables: +€6,343
- Tangible fixed assets -€6,916
down €6,916 (-10.3%), from €67,073 to €60,157
of which Furniture and vehicles: -€5,995
- Other debts +€60,000
new in 2025: €60,000
- Profit (loss) carried forward -€46,712
down €46,712 (-84.7%), from €55,138 to €8,426
- Debts after one year -€26,411
down €26,411 (-21.4%), from €123,313 to €96,903
- Tax, wage and social debts +€5,795
up €5,795 (+93.8%), from €6,177 to €11,972
- Depreciation +€9,625
up €9,625 (+145.7%), from €6,606 to €16,231
- Taxes -€3,135
down €3,135 (-34.2%), from €9,177 to €6,042
- Gross operating margin -€2,777
down €2,777 (-5.9%), from €46,674 to €43,897
- Financial charges +€1,408
up €1,408 (+24.1%), from €5,835 to €7,244
- Other operating charges +€690
up €690 (+116.2%), from €594 to €1,285
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 | €213,726 | €206,851 | -€6,875 | -3.2% |
| Fixed assets | 21/28 | €167,073 | €160,157 | -€6,916 | -4.1% |
| Tangible fixed assets | 22/27 | €67,073 | €60,157 | -€6,916 | -10.3% |
| Plant, machinery and equipment | 23 | €2,691 | €1,770 | -€921 | -34.2% |
| Furniture and vehicles | 24 | €64,382 | €58,387 | -€5,995 | -9.3% |
| Financial fixed assets | 28 | €100,000 | €100,000 | = | 0.0% |
| Current assets | 29/58 | €46,653 | €46,694 | +€40 | +0.1% |
| Amounts receivable within one year | 40/41 | €10,620 | €19,786 | +€9,165 | +86.3% |
| Trade receivables | 40 | €7,917 | €14,260 | +€6,343 | +80.1% |
| Other amounts receivable | 41 | €2,703 | €5,526 | +€2,823 | +104.4% |
| Cash at bank and in hand | 54/58 | €29,620 | €20,409 | -€9,211 | -31.1% |
| Deferred charges and accrued income | 490/1 | €6,413 | €6,499 | +€87 | +1.4% |
| Total equity and liabilities | 10/49 | €213,726 | €206,851 | -€6,875 | -3.2% |
| Equity | 10/15 | €58,138 | €11,426 | -€46,712 | -80.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €55,138 | €8,426 | -€46,712 | -84.7% |
| Amounts payable | 17/49 | €155,588 | €195,425 | +€39,837 | +25.6% |
| Amounts payable after more than one year | 17 | €123,313 | €96,903 | -€26,411 | -21.4% |
| Financial debts | 170/4 | €123,313 | €96,903 | -€26,411 | -21.4% |
| Amounts payable within one year | 42/48 | €32,275 | €98,522 | +€66,248 | +205.3% |
| Current portion of amounts payable after more than one year | 42 | €25,550 | €26,411 | +€860 | +3.4% |
| Trade debts | 44 | €548 | €140 | -€408 | -74.5% |
| Suppliers | 440/4 | €548 | €140 | -€408 | -74.5% |
| Taxes, remuneration and social security | 45 | €6,177 | €11,972 | +€5,795 | +93.8% |
| Taxes | 450/3 | €6,177 | €11,972 | +€5,795 | +93.8% |
| Other amounts payable | 47/48 | - | €60,000 | +€60,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,606 | €16,231 | +€9,625 | +145.7% |
| Other operating charges | 640/8 | €594 | €1,285 | +€690 | +116.2% |
| Gross operating margin | 9900 | €46,674 | €43,897 | -€2,777 | -5.9% |
| Operating profit (loss) | 9901 | €39,474 | €26,381 | -€13,092 | -33.2% |
| Financial income | 75/76B | €96 | €192 | +€96 | +100.2% |
| Recurring financial income | 75 | €96 | €192 | +€96 | +100.2% |
| Financial charges | 65/66B | €5,835 | €7,244 | +€1,408 | +24.1% |
| Recurring financial charges | 65 | €5,835 | €7,244 | +€1,408 | +24.1% |
| Profit (loss) for the period before taxes | 9903 | €33,734 | €19,329 | -€14,405 | -42.7% |
| Income taxes | 67/77 | €9,177 | €6,042 | -€3,135 | -34.2% |
| Profit (loss) for the period | 9904 | €24,558 | €13,288 | -€11,270 | -45.9% |
| Profit (loss) for the period to be appropriated | 9905 | €24,558 | €13,288 | -€11,270 | -45.9% |
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 4 October 2026 via checked.be.