MaJor Green Solutions: what changed
MaJor Green Solutions
Largest movements
- Receivables within one year +€60,720
up €60,720 (+76.4%), from €79,426 to €140,145
of which Trade receivables: +€77,802
- Cash +€21,560
up €21,560 (+530%), from €4,067 to €25,627
mainly Trade debts (+€36,697) and Net result for the year (+€28,383)
- Tangible fixed assets +€17,223
up €17,223 (+222%), from €7,766 to €24,989
of which Furniture and vehicles: +€15,789
- Stocks and contracts -€13,237
down €13,237 (-42.1%), from €31,479 to €18,242
of which Contracts in progress: -€13,573
- Trade debts +€36,697
up €36,697 (+53.0%), from €69,281 to €105,978
- Reserves +€28,383
up €28,383 (+131%), from €21,697 to €50,080
- Other debts +€8,817
new in 2025: €8,817
- Current portion of long-term debt +€8,152
new in 2025: €8,152
- Tax, wage and social debts +€5,012
up €5,012 (+22.8%), from €21,967 to €26,978
of which Remuneration and social security: +€4,737
- Gross operating margin +€22,592
up €22,592 (+24.1%), from €93,681 to €116,273
- Taxes +€9,138
up €9,138 (+158%), from €5,782 to €14,920
- Depreciation -€7,722
down €7,722 (-52.1%), from €14,824 to €7,102
- Staff costs -€7,185
down €7,185 (-11.3%), from €63,459 to €56,274
- Other operating charges +€4,410
up €4,410 (+165%), from €2,675 to €7,084
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €122,942 | €209,208 | +€86,266 | +70.2% |
| Fixed assets | 21/28 | €7,971 | €25,194 | +€17,223 | +216% |
| Tangible fixed assets | 22/27 | €7,766 | €24,989 | +€17,223 | +222% |
| Plant, machinery and equipment | 23 | €3,283 | €4,717 | +€1,434 | +43.7% |
| Furniture and vehicles | 24 | €4,483 | €20,273 | +€15,789 | +352% |
| Financial fixed assets | 28 | €204 | €204 | = | 0.0% |
| Current assets | 29/58 | €114,972 | €184,015 | +€69,043 | +60.1% |
| Stocks and contracts in progress | 3 | €31,479 | €18,242 | -€13,237 | -42.1% |
| Stocks | 30/36 | €6,929 | €7,265 | +€336 | +4.8% |
| Contracts in progress | 37 | €24,550 | €10,977 | -€13,573 | -55.3% |
| Amounts receivable within one year | 40/41 | €79,426 | €140,145 | +€60,720 | +76.4% |
| Trade receivables | 40 | €62,258 | €140,060 | +€77,802 | +125% |
| Other amounts receivable | 41 | €17,167 | €85 | -€17,082 | -99.5% |
| Cash at bank and in hand | 54/58 | €4,067 | €25,627 | +€21,560 | +530% |
| Total equity and liabilities | 10/49 | €122,942 | €209,208 | +€86,266 | +70.2% |
| Equity | 10/15 | €24,697 | €53,080 | +€28,383 | +115% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €21,697 | €50,080 | +€28,383 | +131% |
| Distributable reserves | 133 | €21,697 | €50,080 | +€28,383 | +131% |
| Amounts payable | 17/49 | €98,245 | €156,128 | +€57,883 | +58.9% |
| Amounts payable after more than one year | 17 | - | €2,138 | +€2,138 | |
| Financial debts | 170/4 | - | €2,138 | +€2,138 | |
| Amounts payable within one year | 42/48 | €98,245 | €153,990 | +€55,745 | +56.7% |
| Current portion of amounts payable after more than one year | 42 | - | €8,152 | +€8,152 | |
| Financial debts | 43 | €6,998 | €4,065 | -€2,933 | -41.9% |
| Credit institutions | 430/8 | €6,998 | €4,065 | -€2,933 | -41.9% |
| Trade debts | 44 | €69,281 | €105,978 | +€36,697 | +53.0% |
| Suppliers | 440/4 | €69,281 | €105,978 | +€36,697 | +53.0% |
| Taxes, remuneration and social security | 45 | €21,967 | €26,978 | +€5,012 | +22.8% |
| Taxes | 450/3 | €21,967 | €22,241 | +€274 | +1.2% |
| Remuneration and social security | 454/9 | - | €4,737 | +€4,737 | |
| Other amounts payable | 47/48 | - | €8,817 | +€8,817 | |
| Remuneration, social security and pensions | 62 | €63,459 | €56,274 | -€7,185 | -11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,824 | €7,102 | -€7,722 | -52.1% |
| Other operating charges | 640/8 | €2,675 | €7,084 | +€4,410 | +165% |
| Gross operating margin | 9900 | €93,681 | €116,273 | +€22,592 | +24.1% |
| Operating profit (loss) | 9901 | €12,723 | €45,813 | +€33,089 | +260% |
| Financial income | 75/76B | €197 | €3 | -€194 | -98.3% |
| Recurring financial income | 75 | €197 | €3 | -€194 | -98.3% |
| Financial charges | 65/66B | €790 | €2,513 | +€1,723 | +218% |
| Recurring financial charges | 65 | €790 | €2,513 | +€1,723 | +218% |
| Profit (loss) for the period before taxes | 9903 | €12,130 | €43,303 | +€31,173 | +257% |
| Income taxes | 67/77 | €5,782 | €14,920 | +€9,138 | +158% |
| Profit (loss) for the period | 9904 | €6,349 | €28,383 | +€22,035 | +347% |
| Profit (loss) for the period to be appropriated | 9905 | €6,349 | €28,383 | +€22,035 | +347% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.