MAJID: 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.
MAJID
Largest movements
- Receivables within one year +€8,661
up €8,661 (+1872.5%), from €463 to €9,124
of which Trade receivables: +€7,971
- Deferred charges and accrued income -€2,836
down €2,836 (-16.9%), from €16,744 to €13,907
- Cash +€1,116
up €1,116 (+8.2%), from €13,649 to €14,766
mainly Net result for the year (+€5,126) and Tax, wage and social debts (+€3,439)
- Profit (loss) carried forward +€5,126
up €5,126 (+83.0%), from €6,179 to €11,305
- Tax, wage and social debts +€3,439
up €3,439 (+22.7%), from €15,144 to €18,584
of which Remuneration and social security: +€9,739
- Other debts -€1,381
no longer reported in 2025 (was €1,381)
- Gross operating margin +€63,116
up €63,116 (+1023.2%), from €6,168 to €69,284
- Staff costs +€17,800
up €17,800 (+42.6%), from €41,758 to €59,558
- Other operating charges +€2,991
up €2,991 (+1144.9%), from €261 to €3,252
- Depreciation -€2,894
no longer reported in 2025 (was €2,894)
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 | €31,004 | €37,945 | +€6,941 | +22.4% |
| Fixed assets | 21/28 | €149 | €149 | = | 0.0% |
| Financial fixed assets | 28 | €149 | €149 | = | 0.0% |
| Current assets | 29/58 | €30,856 | €37,797 | +€6,941 | +22.5% |
| Amounts receivable within one year | 40/41 | €463 | €9,124 | +€8,661 | +1872.5% |
| Trade receivables | 40 | €248 | €8,219 | +€7,971 | +3213.5% |
| Other amounts receivable | 41 | €214 | €904 | +€690 | +321.6% |
| Cash at bank and in hand | 54/58 | €13,649 | €14,766 | +€1,116 | +8.2% |
| Deferred charges and accrued income | 490/1 | €16,744 | €13,907 | -€2,836 | -16.9% |
| Total equity and liabilities | 10/49 | €31,004 | €37,945 | +€6,941 | +22.4% |
| Equity | 10/15 | €14,236 | €19,362 | +€5,126 | +36.0% |
| Contributions | 10/11 | €7,263 | €7,263 | = | 0.0% |
| Reserves | 13 | €794 | €794 | = | 0.0% |
| Non-distributable reserves | 130/1 | €794 | €794 | = | 0.0% |
| Reserves not available under the articles | 1311 | €400 | €400 | = | 0.0% |
| Other | 1319 | €394 | €394 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,179 | €11,305 | +€5,126 | +83.0% |
| Amounts payable | 17/49 | €16,768 | €18,584 | +€1,815 | +10.8% |
| Amounts payable within one year | 42/48 | €16,768 | €18,584 | +€1,815 | +10.8% |
| Trade debts | 44 | €243 | - | -€243 | |
| Suppliers | 440/4 | €243 | - | -€243 | |
| Taxes, remuneration and social security | 45 | €15,144 | €18,584 | +€3,439 | +22.7% |
| Taxes | 450/3 | €6,957 | €657 | -€6,300 | -90.6% |
| Remuneration and social security | 454/9 | €8,187 | €17,926 | +€9,739 | +119.0% |
| Other amounts payable | 47/48 | €1,381 | - | -€1,381 | |
| Remuneration, social security and pensions | 62 | €41,758 | €59,558 | +€17,800 | +42.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,894 | - | -€2,894 | |
| Other operating charges | 640/8 | €261 | €3,252 | +€2,991 | +1144.9% |
| Gross operating margin | 9900 | €6,168 | €69,284 | +€63,116 | +1023.2% |
| Operating profit (loss) | 9901 | -€38,745 | €6,474 | +€45,219 | |
| Financial charges | 65/66B | €942 | €1,348 | +€406 | +43.0% |
| Recurring financial charges | 65 | €942 | €1,348 | +€406 | +43.0% |
| Profit (loss) for the period before taxes | 9903 | -€39,687 | €5,126 | +€44,813 | |
| Profit (loss) for the period | 9904 | -€39,687 | €5,126 | +€44,813 | |
| Profit (loss) for the period to be appropriated | 9905 | -€39,687 | €5,126 | +€44,813 |
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 7 October 2026 via checked.be.