MAJOSIE: what changed
MAJOSIE
Largest movements
- Receivables within one year +€64,544
up €64,544 (+79.7%), from €80,968 to €145,512
of which Other amounts receivable: +€65,008
- Deferred charges and accrued income +€3,787
up €3,787 (+118%), from €3,199 to €6,986
- Profit (loss) carried forward +€58,851
up €58,851 (+330%), from €17,854 to €76,706
- Short-term financial debts -€17,154
no longer reported in 2025 (was €17,154)
- Tax, wage and social debts +€12,774
up €12,774 (+57.7%), from €22,132 to €34,906
- Trade debts +€11,009
up €11,009 (+121%), from €9,099 to €20,109
- Other debts +€2,683
up €2,683 (+22.4%), from €12,000 to €14,683
- Gross operating margin +€15,861
up €15,861 (+26.1%), from €60,787 to €76,647
- Taxes +€8,169
up €8,169 (+97.5%), from €8,380 to €16,549
- Financial charges -€2,727
down €2,727 (-86.6%), from €3,149 to €422
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 | €84,739 | €152,903 | +€68,164 | +80.4% |
| Fixed assets | 21/28 | €572 | €391 | -€181 | -31.6% |
| Tangible fixed assets | 22/27 | €572 | €391 | -€181 | -31.6% |
| Furniture and vehicles | 24 | €572 | €391 | -€181 | -31.6% |
| Current assets | 29/58 | €84,167 | €152,512 | +€68,345 | +81.2% |
| Amounts receivable within one year | 40/41 | €80,968 | €145,512 | +€64,544 | +79.7% |
| Trade receivables | 40 | €959 | €495 | -€465 | -48.4% |
| Other amounts receivable | 41 | €80,008 | €145,017 | +€65,008 | +81.3% |
| Cash at bank and in hand | 54/58 | - | €14 | +€14 | |
| Deferred charges and accrued income | 490/1 | €3,199 | €6,986 | +€3,787 | +118% |
| Total equity and liabilities | 10/49 | €84,739 | €152,903 | +€68,164 | +80.4% |
| Equity | 10/15 | €20,854 | €79,706 | +€58,851 | +282% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,854 | €76,706 | +€58,851 | +330% |
| Amounts payable | 17/49 | €63,885 | €73,197 | +€9,312 | +14.6% |
| Amounts payable within one year | 42/48 | €60,385 | €69,697 | +€9,312 | +15.4% |
| Financial debts | 43 | €17,154 | - | -€17,154 | |
| Credit institutions | 430/8 | €17,154 | - | -€17,154 | |
| Trade debts | 44 | €9,099 | €20,109 | +€11,009 | +121% |
| Suppliers | 440/4 | €9,099 | €20,109 | +€11,009 | +121% |
| Taxes, remuneration and social security | 45 | €22,132 | €34,906 | +€12,774 | +57.7% |
| Taxes | 450/3 | €22,132 | €34,906 | +€12,774 | +57.7% |
| Other amounts payable | 47/48 | €12,000 | €14,683 | +€2,683 | +22.4% |
| Accrued charges and deferred income | 492/3 | €3,500 | €3,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €181 | €181 | = | 0.0% |
| Other operating charges | 640/8 | €737 | €644 | -€94 | -12.7% |
| Gross operating margin | 9900 | €60,787 | €76,647 | +€15,861 | +26.1% |
| Operating profit (loss) | 9901 | €59,868 | €75,823 | +€15,954 | +26.6% |
| Financial charges | 65/66B | €3,149 | €422 | -€2,727 | -86.6% |
| Recurring financial charges | 65 | €3,149 | €422 | -€2,727 | -86.6% |
| Profit (loss) for the period before taxes | 9903 | €56,719 | €75,401 | +€18,681 | +32.9% |
| Income taxes | 67/77 | €8,380 | €16,549 | +€8,169 | +97.5% |
| Profit (loss) for the period | 9904 | €48,339 | €58,851 | +€10,512 | +21.7% |
| Profit (loss) for the period to be appropriated | 9905 | €48,339 | €58,851 | +€10,512 | +21.7% |
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 2 November 2026 via checked.be.