MAJJI: 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.
MAJJI
Largest movements
- Receivables within one year -€83,224
down €83,224 (-64.8%), from €128,419 to €45,196
of which Trade receivables: -€82,899
- Cash -€29,420
down €29,420 (-86.1%), from €34,160 to €4,739
mainly Trade debts (-€89,148) and Contributions, distributions and other (-€28,000)
- Tangible fixed assets -€1,842
down €1,842 (-66.7%), from €2,760 to €918
- Trade debts -€89,148
down €89,148 (-98.6%), from €90,451 to €1,303
- Other debts -€23,032
down €23,032 (-49.2%), from €46,832 to €23,800
- Tax, wage and social debts -€9,014
down €9,014 (-37.6%), from €23,985 to €14,971
of which Taxes: -€5,675
- Profit (loss) carried forward +€6,666
new in 2025: €6,666
- Staff costs -€23,203
down €23,203 (-69.7%), from €33,311 to €10,109
- Gross operating margin +€11,381
up €11,381 (+19.6%), from €57,956 to €69,337
- Taxes +€8,108
up €8,108 (+61.5%), from €13,190 to €21,298
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 | €166,267 | €51,740 | -€114,527 | -68.9% |
| Fixed assets | 21/28 | €2,860 | €1,018 | -€1,842 | -64.4% |
| Tangible fixed assets | 22/27 | €2,760 | €918 | -€1,842 | -66.7% |
| Furniture and vehicles | 24 | €2,760 | €918 | -€1,842 | -66.7% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €163,407 | €50,722 | -€112,685 | -69.0% |
| Amounts receivable within one year | 40/41 | €128,419 | €45,196 | -€83,224 | -64.8% |
| Trade receivables | 40 | €125,210 | €42,311 | -€82,899 | -66.2% |
| Other amounts receivable | 41 | €3,210 | €2,885 | -€325 | -10.1% |
| Cash at bank and in hand | 54/58 | €34,160 | €4,739 | -€29,420 | -86.1% |
| Deferred charges and accrued income | 490/1 | €828 | €787 | -€41 | -5.0% |
| Total equity and liabilities | 10/49 | €166,267 | €51,740 | -€114,527 | -68.9% |
| Equity | 10/15 | €5,000 | €11,666 | +€6,666 | +133% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €6,666 | +€6,666 | |
| Amounts payable | 17/49 | €161,267 | €40,074 | -€121,193 | -75.2% |
| Amounts payable within one year | 42/48 | €161,267 | €40,074 | -€121,193 | -75.2% |
| Trade debts | 44 | €90,451 | €1,303 | -€89,148 | -98.6% |
| Suppliers | 440/4 | €90,451 | €1,303 | -€89,148 | -98.6% |
| Taxes, remuneration and social security | 45 | €23,985 | €14,971 | -€9,014 | -37.6% |
| Taxes | 450/3 | €20,646 | €14,971 | -€5,675 | -27.5% |
| Remuneration and social security | 454/9 | €3,339 | - | -€3,339 | |
| Other amounts payable | 47/48 | €46,832 | €23,800 | -€23,032 | -49.2% |
| Remuneration, social security and pensions | 62 | €33,311 | €10,109 | -€23,203 | -69.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,842 | €1,842 | = | 0.0% |
| Other operating charges | 640/8 | €1,214 | €1,382 | +€168 | +13.8% |
| Gross operating margin | 9900 | €57,956 | €69,337 | +€11,381 | +19.6% |
| Operating profit (loss) | 9901 | €21,589 | €56,005 | +€34,416 | +159% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €83 | €40 | -€42 | -51.2% |
| Recurring financial charges | 65 | €83 | €40 | -€42 | -51.2% |
| Profit (loss) for the period before taxes | 9903 | €21,507 | €55,965 | +€34,458 | +160% |
| Income taxes | 67/77 | €13,190 | €21,298 | +€8,108 | +61.5% |
| Profit (loss) for the period | 9904 | €8,317 | €34,666 | +€26,350 | +317% |
| Profit (loss) for the period to be appropriated | 9905 | €8,317 | €34,666 | +€26,350 | +317% |
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 21 October 2026 via checked.be.