Majoeck: 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.
Majoeck
Largest movements
- Cash +€24,488
up €24,488 (+113%), from €21,583 to €46,071
mainly Net result for the year (+€35,834) and Depreciation (+€4,399)
- Receivables within one year +€5,463
up €5,463 (+27.7%), from €19,712 to €25,175
of which Other amounts receivable: +€5,463
- Tangible fixed assets -€2,288
down €2,288 (-13.9%), from €16,509 to €14,221
of which Furniture and vehicles: -€3,212
- Reserves +€25,834
up €25,834 (+55.2%), from €46,780 to €72,614
- Tax, wage and social debts +€2,115
up €2,115 (+27.0%), from €7,845 to €9,960
- Other debts -€1,118
down €1,118 (-65.9%), from €1,696 to €579
- Gross operating margin -€12,053
down €12,053 (-18.5%), from €65,314 to €53,262
- Other operating charges +€2,095
up €2,095 (+679%), from €309 to €2,404
- Taxes -€1,860
down €1,860 (-15.0%), from €12,389 to €10,529
- Depreciation +€1,506
up €1,506 (+52.0%), from €2,893 to €4,399
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 | €57,968 | €85,614 | +€27,646 | +47.7% |
| Fixed assets | 21/28 | €16,509 | €14,221 | -€2,288 | -13.9% |
| Tangible fixed assets | 22/27 | €16,509 | €14,221 | -€2,288 | -13.9% |
| Plant, machinery and equipment | 23 | - | €924 | +€924 | |
| Furniture and vehicles | 24 | €16,509 | €13,297 | -€3,212 | -19.5% |
| Current assets | 29/58 | €41,459 | €71,393 | +€29,934 | +72.2% |
| Amounts receivable within one year | 40/41 | €19,712 | €25,175 | +€5,463 | +27.7% |
| Trade receivables | 40 | €16,093 | €16,093 | = | 0.0% |
| Other amounts receivable | 41 | €3,619 | €9,082 | +€5,463 | +151% |
| Cash at bank and in hand | 54/58 | €21,583 | €46,071 | +€24,488 | +113% |
| Deferred charges and accrued income | 490/1 | €164 | €147 | -€17 | -10.2% |
| Total equity and liabilities | 10/49 | €57,968 | €85,614 | +€27,646 | +47.7% |
| Equity | 10/15 | €47,780 | €73,614 | +€25,834 | +54.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €46,780 | €72,614 | +€25,834 | +55.2% |
| Distributable reserves | 133 | €46,780 | €72,614 | +€25,834 | +55.2% |
| Amounts payable | 17/49 | €10,188 | €12,000 | +€1,812 | +17.8% |
| Amounts payable within one year | 42/48 | €10,188 | €12,000 | +€1,812 | +17.8% |
| Trade debts | 44 | €647 | €1,461 | +€814 | +126% |
| Suppliers | 440/4 | €647 | €1,461 | +€814 | +126% |
| Taxes, remuneration and social security | 45 | €7,845 | €9,960 | +€2,115 | +27.0% |
| Taxes | 450/3 | €7,845 | €9,960 | +€2,115 | +27.0% |
| Other amounts payable | 47/48 | €1,696 | €579 | -€1,118 | -65.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,893 | €4,399 | +€1,506 | +52.0% |
| Other operating charges | 640/8 | €309 | €2,404 | +€2,095 | +679% |
| Gross operating margin | 9900 | €65,314 | €53,262 | -€12,053 | -18.5% |
| Operating profit (loss) | 9901 | €62,112 | €46,459 | -€15,653 | -25.2% |
| Financial charges | 65/66B | €67 | €96 | +€29 | +42.4% |
| Recurring financial charges | 65 | €67 | €96 | +€29 | +42.4% |
| Profit (loss) for the period before taxes | 9903 | €62,045 | €46,363 | -€15,682 | -25.3% |
| Income taxes | 67/77 | €12,389 | €10,529 | -€1,860 | -15.0% |
| Profit (loss) for the period | 9904 | €49,656 | €35,834 | -€13,822 | -27.8% |
| Profit (loss) for the period to be appropriated | 9905 | €49,656 | €35,834 | -€13,822 | -27.8% |
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 23 October 2026 via checked.be.