MAJIMMO: 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.
MAJIMMO
Largest movements
- Tangible fixed assets -€8,547
down €8,547 (-1.4%), from €608,408 to €599,860
of which Land and buildings: -€7,234
- Profit (loss) carried forward -€18,212
down €18,212 (-6.9%), from -€264,817 to -€283,029
- Other debts +€6,521
up €6,521 (+6.6%), from €99,280 to €105,800
- Purchases and services +€1,757
up €1,757 (+12.5%), from €14,064 to €15,820
- Gross operating margin -€1,433
down €1,433 (-39.8%), from -€3,597 to -€5,030
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €610,470 | €602,116 | -€8,354 | -1.4% |
| Fixed assets | 21/28 | €609,008 | €600,460 | -€8,547 | -1.4% |
| Tangible fixed assets | 22/27 | €608,408 | €599,860 | -€8,547 | -1.4% |
| Land and buildings | 22 | €597,376 | €590,142 | -€7,234 | -1.2% |
| Plant, machinery and equipment | 23 | €11,032 | €9,719 | -€1,313 | -11.9% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €1,463 | €1,656 | +€193 | +13.2% |
| Deferred charges and accrued income | 490/1 | €1,463 | €1,656 | +€193 | +13.2% |
| Total equity and liabilities | 10/49 | €610,470 | €602,116 | -€8,354 | -1.4% |
| Equity | 10/15 | €407,171 | €388,959 | -€18,212 | -4.5% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Capital | 10 | €300,000 | €300,000 | = | 0.0% |
| Issued capital | 100 | €300,000 | €300,000 | = | 0.0% |
| Revaluation surpluses | 12 | €371,988 | €371,988 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€264,817 | -€283,029 | -€18,212 | -6.9% |
| Amounts payable | 17/49 | €203,299 | €213,157 | +€9,858 | +4.8% |
| Amounts payable after more than one year | 17 | €52,608 | €52,608 | = | 0.0% |
| Financial debts | 170/4 | €52,608 | €52,608 | = | 0.0% |
| Amounts payable within one year | 42/48 | €150,691 | €160,549 | +€9,858 | +6.5% |
| Trade debts | 44 | €51,411 | €54,749 | +€3,337 | +6.5% |
| Suppliers | 440/4 | €51,411 | €54,749 | +€3,337 | +6.5% |
| Other amounts payable | 47/48 | €99,280 | €105,800 | +€6,521 | +6.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €14,064 | €15,820 | +€1,757 | +12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,547 | €8,547 | +€0 | 0.0% |
| Other operating charges | 640/8 | €1,433 | €1,478 | +€45 | +3.1% |
| Gross operating margin | 9900 | -€3,597 | -€5,030 | -€1,433 | -39.8% |
| Operating profit (loss) | 9901 | -€13,577 | -€15,056 | -€1,478 | -10.9% |
| Financial charges | 65/66B | €3,156 | €3,156 | = | 0.0% |
| Recurring financial charges | 65 | €3,156 | €3,156 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€16,734 | -€18,212 | -€1,478 | -8.8% |
| Profit (loss) for the period | 9904 | -€16,734 | -€18,212 | -€1,478 | -8.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,734 | -€18,212 | -€1,478 | -8.8% |
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 1 October 2026 via checked.be.