MAJO SERVICES: 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.
MAJO SERVICES
Largest movements
- Receivables within one year +€31,741
up €31,741 (+121%), from €26,255 to €57,996
of which Trade receivables: +€27,847
- Tangible fixed assets -€4,168
down €4,168 (-41.5%), from €10,036 to €5,868
of which Furniture and vehicles: -€3,596
- Cash -€3,113
down €3,113 (-24.7%), from €12,621 to €9,508
mainly Receivables within one year (-€31,741) and Net result for the year (-€4,193)
- Financial fixed assets +€1,200
up €1,200 (+342%), from €351 to €1,551
- Trade debts +€16,819
up €16,819 (+1,151%), from €1,461 to €18,280
- Other debts +€13,810
up €13,810 (+223%), from €6,190 to €20,000
- Profit (loss) carried forward -€4,193
down €4,193 (-19.9%), from €21,108 to €16,915
- Tax, wage and social debts -€1,526
down €1,526 (-57.7%), from €2,647 to €1,121
of which Remuneration and social security: -€1,526
- Purchases and services +€36,113
up €36,113 (+40.0%), from €90,260 to €126,373
- Turnover +€32,120
up €32,120 (+16.9%), from €190,576 to €222,696
- Gross operating margin -€7,069
down €7,069 (-6.8%), from €104,411 to €97,342
- Staff costs -€3,717
down €3,717 (-3.9%), from €94,906 to €91,189
- Other operating charges +€2,258
up €2,258 (+130%), from €1,737 to €3,995
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 | €50,918 | €75,828 | +€24,910 | +48.9% |
| Fixed assets | 21/28 | €10,387 | €7,419 | -€2,968 | -28.6% |
| Tangible fixed assets | 22/27 | €10,036 | €5,868 | -€4,168 | -41.5% |
| Plant, machinery and equipment | 23 | €905 | €333 | -€572 | -63.2% |
| Furniture and vehicles | 24 | €9,131 | €5,535 | -€3,596 | -39.4% |
| Financial fixed assets | 28 | €351 | €1,551 | +€1,200 | +342% |
| Current assets | 29/58 | €40,531 | €68,409 | +€27,878 | +68.8% |
| Amounts receivable within one year | 40/41 | €26,255 | €57,996 | +€31,741 | +121% |
| Trade receivables | 40 | €23,714 | €51,561 | +€27,847 | +117% |
| Other amounts receivable | 41 | €2,541 | €6,435 | +€3,894 | +153% |
| Cash at bank and in hand | 54/58 | €12,621 | €9,508 | -€3,113 | -24.7% |
| Deferred charges and accrued income | 490/1 | €1,655 | €905 | -€750 | -45.3% |
| Total equity and liabilities | 10/49 | €50,918 | €75,828 | +€24,910 | +48.9% |
| Equity | 10/15 | €40,620 | €36,427 | -€4,193 | -10.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €912 | €912 | = | 0.0% |
| Non-distributable reserves | 130/1 | €912 | €912 | = | 0.0% |
| Legal reserve | 130 | €912 | €912 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,108 | €16,915 | -€4,193 | -19.9% |
| Amounts payable | 17/49 | €10,298 | €39,401 | +€29,103 | +283% |
| Amounts payable within one year | 42/48 | €10,298 | €39,401 | +€29,103 | +283% |
| Trade debts | 44 | €1,461 | €18,280 | +€16,819 | +1,151% |
| Suppliers | 440/4 | €1,461 | €18,280 | +€16,819 | +1,151% |
| Taxes, remuneration and social security | 45 | €2,647 | €1,121 | -€1,526 | -57.7% |
| Taxes | 450/3 | €27 | €27 | = | 0.0% |
| Remuneration and social security | 454/9 | €2,620 | €1,094 | -€1,526 | -58.2% |
| Other amounts payable | 47/48 | €6,190 | €20,000 | +€13,810 | +223% |
| Turnover | 70 | €190,576 | €222,696 | +€32,120 | +16.9% |
| Non-recurring operating income | 76A | €4,095 | €1,020 | -€3,075 | -75.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €90,260 | €126,373 | +€36,113 | +40.0% |
| Remuneration, social security and pensions | 62 | €94,906 | €91,189 | -€3,717 | -3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,183 | €3,692 | -€491 | -11.7% |
| Other operating charges | 640/8 | €1,737 | €3,995 | +€2,258 | +130% |
| Gross operating margin | 9900 | €104,411 | €97,342 | -€7,069 | -6.8% |
| Operating profit (loss) | 9901 | €3,585 | -€1,534 | -€5,119 | |
| Financial charges | 65/66B | €3,012 | €1,004 | -€2,008 | -66.7% |
| Recurring financial charges | 65 | €436 | €386 | -€50 | -11.5% |
| Non-recurring financial charges | 66B | €2,576 | €618 | -€1,958 | -76.0% |
| Profit (loss) for the period before taxes | 9903 | €573 | -€2,538 | -€3,111 | |
| Income taxes | 67/77 | - | €1,655 | +€1,655 | |
| Profit (loss) for the period | 9904 | €573 | -€4,193 | -€4,766 | |
| Profit (loss) for the period to be appropriated | 9905 | €573 | -€4,193 | -€4,766 |
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 31 October 2026 via checked.be.