MAJILUX: what changed
Two financial 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.
MAJILUX
Largest movements
- Tangible fixed assets -€11,630
down €11,630 (-33.3%), from €34,891 to €23,261
- Cash +€1,417
up €1,417 (+9.9%), from €14,298 to €15,715
mainly Depreciation (+€11,630) and Receivables within one year (+€636)
- Debts after one year -€8,559
down €8,559 (-42.0%), from €20,371 to €11,811
- Profit (loss) carried forward -€2,643
down €2,643 (-12.1%), from €21,807 to €19,164
- Gross operating margin -€1,761
down €1,761 (-13.4%), from €13,144 to €11,383
- Taxes -€1,688
no longer reported in 2025 (was €1,688)
- Financial charges -€261
down €261 (-24.7%), from €1,058 to €797
- Other operating charges +€250
up €250 (+18.6%), from €1,349 to €1,599
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.
Derived cash bridge
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 | €71,074 | €60,225 | -€10,849 | -15.3% |
| Fixed assets | 21/28 | €34,891 | €23,261 | -€11,630 | -33.3% |
| Tangible fixed assets | 22/27 | €34,891 | €23,261 | -€11,630 | -33.3% |
| Furniture and vehicles | 24 | €34,891 | €23,261 | -€11,630 | -33.3% |
| Current assets | 29/58 | €36,183 | €36,964 | +€781 | +2.2% |
| Amounts receivable within one year | 40/41 | €21,885 | €21,249 | -€636 | -2.9% |
| Trade receivables | 40 | €1,905 | €1,549 | -€356 | -18.7% |
| Other amounts receivable | 41 | €19,980 | €19,700 | -€280 | -1.4% |
| Cash at bank and in hand | 54/58 | €14,298 | €15,715 | +€1,417 | +9.9% |
| Total equity and liabilities | 10/49 | €71,074 | €60,225 | -€10,849 | -15.3% |
| Equity | 10/15 | €40,869 | €38,226 | -€2,643 | -6.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €462 | €462 | = | 0.0% |
| Non-distributable reserves | 130/1 | €462 | €462 | = | 0.0% |
| Other | 1319 | €462 | €462 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,807 | €19,164 | -€2,643 | -12.1% |
| Amounts payable | 17/49 | €30,205 | €21,999 | -€8,206 | -27.2% |
| Amounts payable after more than one year | 17 | €20,371 | €11,811 | -€8,559 | -42.0% |
| Financial debts | 170/4 | €20,371 | €11,811 | -€8,559 | -42.0% |
| Amounts payable within one year | 42/48 | €9,419 | €9,773 | +€354 | +3.8% |
| Current portion of amounts payable after more than one year | 42 | €8,311 | €8,559 | +€248 | +3.0% |
| Trade debts | 44 | €1,101 | €1,206 | +€105 | +9.6% |
| Suppliers | 440/4 | €1,101 | €1,206 | +€105 | +9.6% |
| Taxes, remuneration and social security | 45 | €8 | €8 | = | 0.0% |
| Taxes | 450/3 | €8 | €8 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €415 | €415 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €54 | - | -€54 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,630 | €11,630 | +€0 | 0.0% |
| Other operating charges | 640/8 | €1,349 | €1,599 | +€250 | +18.6% |
| Gross operating margin | 9900 | €13,144 | €11,383 | -€1,761 | -13.4% |
| Operating profit (loss) | 9901 | €110 | -€1,846 | -€1,957 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,058 | €797 | -€261 | -24.7% |
| Recurring financial charges | 65 | €1,058 | €797 | -€261 | -24.7% |
| Profit (loss) for the period before taxes | 9903 | -€948 | -€2,643 | -€1,695 | -179% |
| Income taxes | 67/77 | €1,688 | - | -€1,688 | |
| Profit (loss) for the period | 9904 | -€2,636 | -€2,643 | -€8 | -0.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,636 | -€2,643 | -€8 | -0.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.