MAJODACAMI: 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.
MAJODACAMI
Largest movements
- Cash -€1.1m
down €1.1m (-98.4%), from €1.1m to €18,346
mainly Other debts (-€1.0m) and Contributions, distributions and other (-€157,295)
- Other debts -€1.0m
down €1.0m (-19.1%), from €5.5m to €4.4m
- Profit (loss) carried forward -€91,104
no longer reported in 2025 (was €91,104)
- Financial income -€6.7m
down €6.7m (-98.3%), from €6.8m to €118,310
of which Non-recurring financial income: -€6.7m
- Financial charges +€12,315
up €12,315 (+1,188%), from €1,037 to €13,351
- Taxes +€5,181
up €5,181 (+22.4%), from €23,146 to €28,327
- Other operating charges +€2,682
up €2,682 (+61.1%), from €4,387 to €7,069
- Gross operating margin +€589
up €589 (+14.9%), from -€3,961 to -€3,372
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 | €5,583,440 | €4,486,132 | -€1.1m | -19.7% |
| Fixed assets | 21/28 | €9 | €9 | = | 0.0% |
| Financial fixed assets | 28 | €9 | €9 | = | 0.0% |
| Current assets | 29/58 | €5,583,431 | €4,486,123 | -€1.1m | -19.7% |
| Amounts receivable within one year | 40/41 | €12,834 | €12,834 | = | 0.0% |
| Other amounts receivable | 41 | €12,834 | €12,834 | = | 0.0% |
| Current investments | 50/53 | €4,446,607 | €4,454,942 | +€8,335 | +0.2% |
| Cash at bank and in hand | 54/58 | €1,123,990 | €18,346 | -€1.1m | -98.4% |
| Total equity and liabilities | 10/49 | €5,583,440 | €4,486,132 | -€1.1m | -19.7% |
| Equity | 10/15 | €109,704 | €18,600 | -€91,104 | -83.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €91,104 | - | -€91,104 | |
| Amounts payable | 17/49 | €5,473,736 | €4,467,532 | -€1.0m | -18.4% |
| Amounts payable within one year | 42/48 | €5,473,736 | €4,467,532 | -€1.0m | -18.4% |
| Taxes, remuneration and social security | 45 | - | €38,554 | +€38,554 | |
| Taxes | 450/3 | - | €38,554 | +€38,554 | |
| Other amounts payable | 47/48 | €5,473,736 | €4,428,978 | -€1.0m | -19.1% |
| Other operating charges | 640/8 | €4,387 | €7,069 | +€2,682 | +61.1% |
| Gross operating margin | 9900 | -€3,961 | -€3,372 | +€589 | +14.9% |
| Operating profit (loss) | 9901 | -€8,348 | -€10,441 | -€2,093 | -25.1% |
| Financial income | 75/76B | €6,777,764 | €118,310 | -€6.7m | -98.3% |
| Recurring financial income | 75 | €121,773 | €118,310 | -€3,463 | -2.8% |
| Non-recurring financial income | 76B | €6,655,991 | - | -€6.7m | |
| Financial charges | 65/66B | €1,037 | €13,351 | +€12,315 | +1,188% |
| Recurring financial charges | 65 | €1,037 | €13,351 | +€12,315 | +1,188% |
| Profit (loss) for the period before taxes | 9903 | €6,768,379 | €94,518 | -€6.7m | -98.6% |
| Income taxes | 67/77 | €23,146 | €28,327 | +€5,181 | +22.4% |
| Profit (loss) for the period | 9904 | €6,745,233 | €66,191 | -€6.7m | -99.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,745,233 | €66,191 | -€6.7m | -99.0% |
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 18 October 2026 via checked.be.