MAJIME: 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.
MAJIME
Largest movements
- Receivables within one year +€71,835
up €71,835 (+77.1%), from €93,171 to €165,006
of which Trade receivables: +€69,399
- Tangible fixed assets +€7,976
up €7,976 (+206%), from €3,869 to €11,845
of which Furniture and vehicles: +€8,276
- Stocks and contracts +€6,270
up €6,270 (+883%), from €710 to €6,981
- Cash +€3,599
up €3,599 (+10.4%), from €34,726 to €38,325
mainly Trade debts (+€83,201) and Net result for the year (+€5,899)
- Deferred charges and accrued income +€2,736
up €2,736 (+460%), from €595 to €3,331
- Trade debts +€83,201
up €83,201 (+89.7%), from €92,721 to €175,922
- Reserves +€5,899
up €5,899 (+40.3%), from €14,642 to €20,541
- Debts after one year +€3,201
new in 2025: €3,201
- Gross operating margin -€17,755
down €17,755 (-57.4%), from €30,908 to €13,153
- Taxes -€4,478
down €4,478 (-58.4%), from €7,667 to €3,188
- Depreciation +€930
up €930 (+58.7%), from €1,583 to €2,513
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 | €133,072 | €225,488 | +€92,416 | +69.4% |
| Fixed assets | 21/28 | €3,869 | €11,845 | +€7,976 | +206% |
| Tangible fixed assets | 22/27 | €3,869 | €11,845 | +€7,976 | +206% |
| Plant, machinery and equipment | 23 | €832 | €532 | -€301 | -36.1% |
| Furniture and vehicles | 24 | €3,037 | €11,313 | +€8,276 | +273% |
| Current assets | 29/58 | €129,202 | €213,643 | +€84,441 | +65.4% |
| Stocks and contracts in progress | 3 | €710 | €6,981 | +€6,270 | +883% |
| Stocks | 30/36 | €710 | €6,981 | +€6,270 | +883% |
| Amounts receivable within one year | 40/41 | €93,171 | €165,006 | +€71,835 | +77.1% |
| Trade receivables | 40 | €92,457 | €161,856 | +€69,399 | +75.1% |
| Other amounts receivable | 41 | €715 | €3,151 | +€2,436 | +341% |
| Cash at bank and in hand | 54/58 | €34,726 | €38,325 | +€3,599 | +10.4% |
| Deferred charges and accrued income | 490/1 | €595 | €3,331 | +€2,736 | +460% |
| Total equity and liabilities | 10/49 | €133,072 | €225,488 | +€92,416 | +69.4% |
| Equity | 10/15 | €22,142 | €28,041 | +€5,899 | +26.6% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €14,642 | €20,541 | +€5,899 | +40.3% |
| Distributable reserves | 133 | €14,642 | €20,541 | +€5,899 | +40.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €110,929 | €197,447 | +€86,517 | +78.0% |
| Amounts payable after more than one year | 17 | - | €3,201 | +€3,201 | |
| Other amounts payable | 178/9 | - | €3,201 | +€3,201 | |
| Amounts payable within one year | 42/48 | €110,929 | €194,246 | +€83,317 | +75.1% |
| Financial debts | 43 | €1,583 | €528 | -€1,055 | -66.6% |
| Credit institutions | 430/8 | €1,583 | €528 | -€1,055 | -66.6% |
| Trade debts | 44 | €92,721 | €175,922 | +€83,201 | +89.7% |
| Suppliers | 440/4 | €92,721 | €175,922 | +€83,201 | +89.7% |
| Taxes, remuneration and social security | 45 | €16,625 | €17,796 | +€1,171 | +7.0% |
| Taxes | 450/3 | €16,625 | €17,046 | +€421 | +2.5% |
| Remuneration and social security | 454/9 | - | €750 | +€750 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,583 | €2,513 | +€930 | +58.7% |
| Other operating charges | 640/8 | €1,262 | €1,111 | -€151 | -12.0% |
| Gross operating margin | 9900 | €30,908 | €13,153 | -€17,755 | -57.4% |
| Operating profit (loss) | 9901 | €28,063 | €9,529 | -€18,534 | -66.0% |
| Financial income | 75/76B | €816 | €997 | +€181 | +22.2% |
| Recurring financial income | 75 | €816 | €997 | +€181 | +22.2% |
| Financial charges | 65/66B | €1,268 | €1,439 | +€171 | +13.5% |
| Recurring financial charges | 65 | €1,268 | €1,439 | +€171 | +13.5% |
| Profit (loss) for the period before taxes | 9903 | €27,612 | €9,087 | -€18,524 | -67.1% |
| Income taxes | 67/77 | €7,667 | €3,188 | -€4,478 | -58.4% |
| Profit (loss) for the period | 9904 | €19,945 | €5,899 | -€14,046 | -70.4% |
| Profit (loss) for the period to be appropriated | 9905 | €19,945 | €5,899 | -€14,046 | -70.4% |
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 16 October 2026 via checked.be.