Majitoba: 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.
Majitoba
Largest movements
- Financial fixed assets +€100,000
up €100,000 (+100%), from €100,000 to €200,000
- Tangible fixed assets -€9,799
down €9,799 (-22.5%), from €43,584 to €33,785
of which Furniture and vehicles: -€9,405
- Debts after one year +€40,307
up €40,307 (+70.5%), from €57,188 to €97,495
- Other debts +€18,817
up €18,817 (+203%), from €9,278 to €28,095
- Current portion of long-term debt +€14,601
up €14,601 (+82.0%), from €17,812 to €32,413
- Reserves +€12,695
up €12,695 (+16.4%), from €77,358 to €90,053
- Short-term financial debts +€2,837
new in 2025: €2,837
- Depreciation -€4,897
down €4,897 (-31.0%), from €15,794 to €10,897
- Gross operating margin +€3,894
up €3,894 (+12.2%), from €31,817 to €35,710
- Financial charges +€3,550
up €3,550 (+337%), from €1,054 to €4,604
- Other operating charges +€813
up €813 (+123%), from €662 to €1,476
- Taxes +€701
up €701 (+13.1%), from €5,338 to €6,039
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 | €188,755 | €280,788 | +€92,033 | +48.8% |
| Fixed assets | 21/28 | €143,584 | €233,785 | +€90,201 | +62.8% |
| Tangible fixed assets | 22/27 | €43,584 | €33,785 | -€9,799 | -22.5% |
| Plant, machinery and equipment | 23 | €891 | €497 | -€394 | -44.2% |
| Furniture and vehicles | 24 | €42,693 | €33,288 | -€9,405 | -22.0% |
| Financial fixed assets | 28 | €100,000 | €200,000 | +€100,000 | +100% |
| Current assets | 29/58 | €45,171 | €47,003 | +€1,832 | +4.1% |
| Amounts receivable within one year | 40/41 | €27,128 | €27,589 | +€461 | +1.7% |
| Trade receivables | 40 | €27,128 | €27,128 | = | 0.0% |
| Other amounts receivable | 41 | - | €461 | +€461 | |
| Cash at bank and in hand | 54/58 | €17,533 | €17,750 | +€218 | +1.2% |
| Deferred charges and accrued income | 490/1 | €510 | €1,663 | +€1,153 | +226% |
| Total equity and liabilities | 10/49 | €188,755 | €280,788 | +€92,033 | +48.8% |
| Equity | 10/15 | €82,358 | €95,053 | +€12,695 | +15.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €77,358 | €90,053 | +€12,695 | +16.4% |
| Distributable reserves | 133 | €77,358 | €90,053 | +€12,695 | +16.4% |
| Amounts payable | 17/49 | €106,397 | €185,735 | +€79,338 | +74.6% |
| Amounts payable after more than one year | 17 | €57,188 | €97,495 | +€40,307 | +70.5% |
| Financial debts | 170/4 | €57,188 | €97,495 | +€40,307 | +70.5% |
| Amounts payable within one year | 42/48 | €49,209 | €85,990 | +€36,780 | +74.7% |
| Current portion of amounts payable after more than one year | 42 | €17,812 | €32,413 | +€14,601 | +82.0% |
| Financial debts | 43 | - | €2,837 | +€2,837 | |
| Credit institutions | 430/8 | - | €2,837 | +€2,837 | |
| Trade debts | 44 | €2,430 | €4,478 | +€2,048 | +84.3% |
| Suppliers | 440/4 | €2,430 | €4,478 | +€2,048 | +84.3% |
| Taxes, remuneration and social security | 45 | €19,689 | €18,167 | -€1,523 | -7.7% |
| Taxes | 450/3 | €19,689 | €18,167 | -€1,523 | -7.7% |
| Other amounts payable | 47/48 | €9,278 | €28,095 | +€18,817 | +203% |
| Accrued charges and deferred income | 492/3 | - | €2,250 | +€2,250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,794 | €10,897 | -€4,897 | -31.0% |
| Other operating charges | 640/8 | €662 | €1,476 | +€813 | +123% |
| Gross operating margin | 9900 | €31,817 | €35,710 | +€3,894 | +12.2% |
| Operating profit (loss) | 9901 | €15,360 | €23,338 | +€7,978 | +51.9% |
| Financial charges | 65/66B | €1,054 | €4,604 | +€3,550 | +337% |
| Recurring financial charges | 65 | €1,054 | €4,604 | +€3,550 | +337% |
| Profit (loss) for the period before taxes | 9903 | €14,306 | €18,734 | +€4,428 | +30.9% |
| Income taxes | 67/77 | €5,338 | €6,039 | +€701 | +13.1% |
| Profit (loss) for the period | 9904 | €8,969 | €12,695 | +€3,727 | +41.6% |
| Profit (loss) for the period to be appropriated | 9905 | €8,969 | €12,695 | +€3,727 | +41.6% |
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 25 October 2026 via checked.be.