MAJUBEGA: 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.
MAJUBEGA
Largest movements
- Tangible fixed assets +€1,724
up €1,724, from €0 to €1,724
- Cash -€355
down €355 (-20.7%), from €1,712 to €1,357
mainly Investment in fixed assets (net) (-€2,090) and Trade debts (-€344)
- Receivables within one year -€273
down €273 (-64.6%), from €423 to €150
of which Trade receivables: -€387
- Profit (loss) carried forward +€1,407
up €1,407 (+52.2%), from -€2,697 to -€1,290
- Trade debts -€344
down €344 (-88.8%), from €387 to €43
- Gross operating margin +€1,864
up €1,864 (+418%), from €446 to €2,310
- Depreciation +€367
new in 2025: €367
- Financial charges +€59
up €59, from -€5 to €54
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 | €17,535 | €18,631 | +€1,096 | +6.2% |
| Fixed assets | 21/28 | €15,400 | €17,124 | +€1,724 | +11.2% |
| Tangible fixed assets | 22/27 | €0 | €1,724 | +€1,724 | |
| Furniture and vehicles | 24 | €0 | €1,724 | +€1,724 | |
| Financial fixed assets | 28 | €15,400 | €15,400 | = | 0.0% |
| Current assets | 29/58 | €2,135 | €1,507 | -€628 | -29.4% |
| Amounts receivable within one year | 40/41 | €423 | €150 | -€273 | -64.6% |
| Trade receivables | 40 | €387 | €0 | -€387 | -100% |
| Other amounts receivable | 41 | €35 | €150 | +€114 | +322% |
| Cash at bank and in hand | 54/58 | €1,712 | €1,357 | -€355 | -20.7% |
| Total equity and liabilities | 10/49 | €17,535 | €18,631 | +€1,096 | +6.2% |
| Equity | 10/15 | €15,903 | €17,310 | +€1,407 | +8.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Profit (loss) carried forward | 14 | -€2,697 | -€1,290 | +€1,407 | +52.2% |
| Amounts payable | 17/49 | €1,632 | €1,320 | -€312 | -19.1% |
| Amounts payable within one year | 42/48 | €1,632 | €1,320 | -€312 | -19.1% |
| Trade debts | 44 | €387 | €43 | -€344 | -88.8% |
| Suppliers | 440/4 | €387 | €43 | -€344 | -88.8% |
| Taxes, remuneration and social security | 45 | €0 | €0 | = | |
| Taxes | 450/3 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €1,244 | €1,277 | +€32 | +2.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €367 | +€367 | |
| Other operating charges | 640/8 | €468 | €482 | +€14 | +2.9% |
| Gross operating margin | 9900 | €446 | €2,310 | +€1,864 | +418% |
| Operating profit (loss) | 9901 | -€22 | €1,461 | +€1,483 | |
| Financial charges | 65/66B | -€5 | €54 | +€59 | |
| Recurring financial charges | 65 | -€5 | €54 | +€59 | |
| Profit (loss) for the period before taxes | 9903 | -€18 | €1,407 | +€1,425 | |
| Profit (loss) for the period | 9904 | -€18 | €1,407 | +€1,425 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18 | €1,407 | +€1,425 |
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 22 October 2026 via checked.be.