MAJOLI: 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.
MAJOLI
Largest movements
- Financial fixed assets +€55,000
up €55,000, from €0 to €55,000
- Receivables within one year -€36,750
down €36,750 (-56.3%), from €65,285 to €28,535
of which Trade receivables: -€36,977
- Stocks and contracts -€15,101
down €15,101 (-65.9%), from €22,922 to €7,821
- Tangible fixed assets -€10,066
down €10,066 (-31.4%), from €32,019 to €21,953
of which Furniture and vehicles: -€10,066
- Cash -€4,469
down €4,469 (-20.4%), from €21,904 to €17,436
mainly Investment in fixed assets (net) (-€55,000) and Debts after one year (-€12,401)
- Debts after one year -€12,401
down €12,401 (-79.9%), from €15,521 to €3,119
- Tax, wage and social debts +€5,423
up €5,423 (+162%), from €3,340 to €8,763
- Trade debts -€3,649
down €3,649 (-14.3%), from €25,603 to €21,954
- Profit (loss) carried forward +€1,857
up €1,857 (+15.0%), from -€12,369 to -€10,511
- Gross operating margin +€16,290
up €16,290, from -€2,332 to €13,958
- Financial income +€140
up €140 (+84.3%), from €166 to €305
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €149,302 | €140,592 | -€8,710 | -5.8% |
| Fixed assets | 21/28 | €32,019 | €76,953 | +€44,934 | +140% |
| Tangible fixed assets | 22/27 | €32,019 | €21,953 | -€10,066 | -31.4% |
| Furniture and vehicles | 24 | €32,019 | €21,953 | -€10,066 | -31.4% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €0 | €55,000 | +€55,000 | |
| Current assets | 29/58 | €117,283 | €63,639 | -€53,644 | -45.7% |
| Stocks and contracts in progress | 3 | €22,922 | €7,821 | -€15,101 | -65.9% |
| Stocks | 30/36 | €22,922 | €7,821 | -€15,101 | -65.9% |
| Amounts receivable within one year | 40/41 | €65,285 | €28,535 | -€36,750 | -56.3% |
| Trade receivables | 40 | €65,285 | €28,308 | -€36,977 | -56.6% |
| Other amounts receivable | 41 | €0 | €227 | +€227 | |
| Current investments | 50/53 | €6,223 | €9,300 | +€3,077 | +49.4% |
| Cash at bank and in hand | 54/58 | €21,904 | €17,436 | -€4,469 | -20.4% |
| Deferred charges and accrued income | 490/1 | €949 | €548 | -€401 | -42.3% |
| Total equity and liabilities | 10/49 | €149,302 | €140,592 | -€8,710 | -5.8% |
| Equity | 10/15 | €92,497 | €94,354 | +€1,857 | +2.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €86,266 | €86,266 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €86,266 | €86,266 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,369 | -€10,511 | +€1,857 | +15.0% |
| Amounts payable | 17/49 | €56,806 | €46,238 | -€10,568 | -18.6% |
| Amounts payable after more than one year | 17 | €15,521 | €3,119 | -€12,401 | -79.9% |
| Financial debts | 170/4 | €15,521 | €3,119 | -€12,401 | -79.9% |
| Amounts payable within one year | 42/48 | €41,285 | €43,119 | +€1,834 | +4.4% |
| Current portion of amounts payable after more than one year | 42 | €12,280 | €12,401 | +€122 | +1.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €25,603 | €21,954 | -€3,649 | -14.3% |
| Suppliers | 440/4 | €25,603 | €21,954 | -€3,649 | -14.3% |
| Taxes, remuneration and social security | 45 | €3,340 | €8,763 | +€5,423 | +162% |
| Taxes | 450/3 | €3,340 | €8,763 | +€5,423 | +162% |
| Other amounts payable | 47/48 | €62 | €0 | -€62 | -100% |
| Non-recurring operating income | 76A | €3 | €0 | -€3 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,066 | €10,066 | = | 0.0% |
| Other operating charges | 640/8 | €1,242 | €1,221 | -€21 | -1.7% |
| Gross operating margin | 9900 | -€2,332 | €13,958 | +€16,290 | |
| Operating profit (loss) | 9901 | -€13,640 | €2,671 | +€16,312 | |
| Financial income | 75/76B | €166 | €305 | +€140 | +84.3% |
| Recurring financial income | 75 | €166 | €305 | +€140 | +84.3% |
| Financial charges | 65/66B | €465 | €588 | +€123 | +26.6% |
| Recurring financial charges | 65 | €465 | €588 | +€123 | +26.6% |
| Profit (loss) for the period before taxes | 9903 | -€13,939 | €2,389 | +€16,328 | |
| Income taxes | 67/77 | €593 | €531 | -€61 | -10.4% |
| Profit (loss) for the period | 9904 | -€14,532 | €1,857 | +€16,389 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,532 | €1,857 | +€16,389 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.