MAJOMA: 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.
MAJOMA
Largest movements
- Tangible fixed assets -€15,099
down €15,099 (-4.9%), from €306,338 to €291,239
of which Land and buildings: -€18,164
- Profit (loss) carried forward -€15,487
down €15,487 (-4.4%), from -€350,052 to -€365,540
- Gross operating margin -€7,620
down €7,620 (-23.8%), from €32,074 to €24,454
- Depreciation +€1,358
up €1,358 (+4.1%), from €33,266 to €34,625
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 | €355,172 | €338,698 | -€16,474 | -4.6% |
| Fixed assets | 21/28 | €306,338 | €291,239 | -€15,099 | -4.9% |
| Tangible fixed assets | 22/27 | €306,338 | €291,239 | -€15,099 | -4.9% |
| Land and buildings | 22 | €302,622 | €284,458 | -€18,164 | -6.0% |
| Plant, machinery and equipment | 23 | €2,909 | €3,220 | +€311 | +10.7% |
| Furniture and vehicles | 24 | €807 | €3,561 | +€2,754 | +341% |
| Current assets | 29/58 | €48,834 | €47,459 | -€1,375 | -2.8% |
| Cash at bank and in hand | 54/58 | €48,514 | €47,132 | -€1,382 | -2.8% |
| Deferred charges and accrued income | 490/1 | €320 | €327 | +€7 | +2.2% |
| Total equity and liabilities | 10/49 | €355,172 | €338,698 | -€16,474 | -4.6% |
| Equity | 10/15 | -€75,052 | -€90,540 | -€15,487 | -20.6% |
| Contributions | 10/11 | €275,000 | €275,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€350,052 | -€365,540 | -€15,487 | -4.4% |
| Amounts payable | 17/49 | €430,224 | €429,237 | -€987 | -0.2% |
| Amounts payable within one year | 42/48 | €429,504 | €429,237 | -€267 | -0.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €299 | €471 | +€172 | +57.6% |
| Suppliers | 440/4 | €299 | €471 | +€172 | +57.6% |
| Other amounts payable | 47/48 | €429,206 | €428,767 | -€439 | -0.1% |
| Accrued charges and deferred income | 492/3 | €720 | €0 | -€720 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,266 | €34,625 | +€1,358 | +4.1% |
| Other operating charges | 640/8 | €5,111 | €5,271 | +€160 | +3.1% |
| Gross operating margin | 9900 | €32,074 | €24,454 | -€7,620 | -23.8% |
| Operating profit (loss) | 9901 | -€6,304 | -€15,442 | -€9,138 | -145% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €74 | €45 | -€29 | -39.1% |
| Recurring financial charges | 65 | €74 | €45 | -€29 | -39.1% |
| Profit (loss) for the period before taxes | 9903 | -€6,378 | -€15,487 | -€9,109 | -143% |
| Profit (loss) for the period | 9904 | -€6,378 | -€15,487 | -€9,109 | -143% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,378 | -€15,487 | -€9,109 | -143% |
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 15 October 2026 via checked.be.