MAJUALTECH: what changed
Two fiscal 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.
MAJUALTECH
Largest movements
- Cash +€24,868
up €24,868 (+425.2%), from €5,848 to €30,716
mainly Other debts (+€19,971) and Depreciation (+€11,044)
- Tangible fixed assets -€9,372
down €9,372 (-49.1%), from €19,101 to €9,729
of which Furniture and vehicles: -€10,565
- Deferred charges and accrued income -€6,944
down €6,944 (-61.9%), from €11,221 to €4,277
- Receivables within one year -€3,539
down €3,539 (-32.3%), from €10,969 to €7,430
of which Other amounts receivable: -€3,539
- Other debts +€19,971
up €19,971 (+5805.4%), from €344 to €20,315
- Reserves -€15,700
down €15,700 (-40.8%), from €38,500 to €22,800
- Profit (loss) carried forward +€6,336
up €6,336, from -€6,311 to €25
- Current portion of long-term debt -€4,553
no longer reported in 2025 (was €4,553)
- Debts after one year -€3,000
no longer reported in 2025 (was €3,000)
- Gross operating margin +€7,152
up €7,152 (+31.5%), from €22,723 to €29,875
- Taxes +€2,059
up €2,059 (+41.8%), from €4,921 to €6,980
- Financial charges -€357
down €357 (-44.6%), from €800 to €443
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.
Cash bridge derived
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 | €47,139 | €52,152 | +€5,013 | +10.6% |
| Fixed assets | 21/28 | €19,101 | €9,729 | -€9,372 | -49.1% |
| Tangible fixed assets | 22/27 | €19,101 | €9,729 | -€9,372 | -49.1% |
| Plant, machinery and equipment | 23 | €741 | €2,090 | +€1,349 | +182.0% |
| Furniture and vehicles | 24 | €18,204 | €7,639 | -€10,565 | -58.0% |
| Other tangible fixed assets | 26 | €156 | - | -€156 | |
| Current assets | 29/58 | €28,038 | €42,423 | +€14,385 | +51.3% |
| Amounts receivable within one year | 40/41 | €10,969 | €7,430 | -€3,539 | -32.3% |
| Trade receivables | 40 | €5,000 | €5,000 | = | 0.0% |
| Other amounts receivable | 41 | €5,969 | €2,430 | -€3,539 | -59.3% |
| Cash at bank and in hand | 54/58 | €5,848 | €30,716 | +€24,868 | +425.2% |
| Deferred charges and accrued income | 490/1 | €11,221 | €4,277 | -€6,944 | -61.9% |
| Total equity and liabilities | 10/49 | €47,139 | €52,152 | +€5,013 | +10.6% |
| Equity | 10/15 | €38,689 | €29,325 | -€9,364 | -24.2% |
| Contributions | 10/11 | €6,500 | €6,500 | +€0 | 0.0% |
| Reserves | 13 | €38,500 | €22,800 | -€15,700 | -40.8% |
| Distributable reserves | 133 | €38,500 | €22,800 | -€15,700 | -40.8% |
| Profit (loss) carried forward | 14 | -€6,311 | €25 | +€6,336 | |
| Amounts payable | 17/49 | €8,450 | €22,826 | +€14,376 | +170.1% |
| Amounts payable after more than one year | 17 | €3,000 | - | -€3,000 | |
| Other amounts payable | 178/9 | €3,000 | - | -€3,000 | |
| Amounts payable within one year | 42/48 | €5,450 | €22,826 | +€17,376 | +318.8% |
| Current portion of amounts payable after more than one year | 42 | €4,553 | - | -€4,553 | |
| Trade debts | 44 | €553 | €2,512 | +€1,959 | +354.2% |
| Suppliers | 440/4 | €553 | €2,512 | +€1,959 | +354.2% |
| Other amounts payable | 47/48 | €344 | €20,315 | +€19,971 | +5805.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,000 | €11,044 | +€44 | +0.4% |
| Other operating charges | 640/8 | €786 | €810 | +€24 | +3.1% |
| Gross operating margin | 9900 | €22,723 | €29,875 | +€7,152 | +31.5% |
| Operating profit (loss) | 9901 | €10,937 | €18,021 | +€7,084 | +64.8% |
| Financial income | 75/76B | €7 | €39 | +€32 | +460.3% |
| Recurring financial income | 75 | €7 | €39 | +€32 | +460.3% |
| Financial charges | 65/66B | €800 | €443 | -€357 | -44.6% |
| Recurring financial charges | 65 | €800 | €443 | -€357 | -44.6% |
| Profit (loss) for the period before taxes | 9903 | €10,144 | €17,617 | +€7,473 | +73.7% |
| Income taxes | 67/77 | €4,921 | €6,980 | +€2,059 | +41.8% |
| Profit (loss) for the period | 9904 | €5,223 | €10,636 | +€5,413 | +103.6% |
| Profit (loss) for the period to be appropriated | 9905 | €5,223 | €10,636 | +€5,413 | +103.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.