MAJUBO: 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.
MAJUBO
Largest movements
- Cash +€6,367
up €6,367 (+518%), from €1,230 to €7,597
mainly Other debts (+€92,644) and Net result for the year (+€11,026)
- Receivables within one year +€6,254
up €6,254 (+87.1%), from €7,184 to €13,439
of which Trade receivables: +€4,968
- Tangible fixed assets -€1,957
down €1,957 (-12.2%), from €15,977 to €14,020
of which Furniture and vehicles: -€1,642
- Other debts +€92,644
up €92,644 (+60,838%), from €152 to €92,796
- Reserves -€90,666
down €90,666 (-85.7%), from €105,827 to €15,162
- Profit (loss) carried forward +€11,026
up €11,026 (+87.2%), from -€12,651 to -€1,625
- Tax, wage and social debts -€3,355
down €3,355 (-54.9%), from €6,109 to €2,754
- Gross operating margin +€15,086
up €15,086 (+753%), from €2,004 to €17,090
- Write-downs -€11,950
down €11,950 (-100%), from €11,950 to €0
- Taxes +€2,298
up €2,298 (+554%), from €415 to €2,713
- Depreciation +€1,042
up €1,042 (+114%), from €915 to €1,957
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 | €112,391 | €123,056 | +€10,665 | +9.5% |
| Fixed assets | 21/28 | €15,977 | €14,020 | -€1,957 | -12.2% |
| Tangible fixed assets | 22/27 | €15,977 | €14,020 | -€1,957 | -12.2% |
| Land and buildings | 22 | €4,503 | €4,188 | -€315 | -7.0% |
| Furniture and vehicles | 24 | €11,474 | €9,832 | -€1,642 | -14.3% |
| Current assets | 29/58 | €96,414 | €109,036 | +€12,622 | +13.1% |
| Amounts receivable within one year | 40/41 | €7,184 | €13,439 | +€6,254 | +87.1% |
| Trade receivables | 40 | €7,184 | €12,152 | +€4,968 | +69.1% |
| Other amounts receivable | 41 | €0 | €1,287 | +€1,287 | |
| Current investments | 50/53 | €88,000 | €88,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,230 | €7,597 | +€6,367 | +518% |
| Total equity and liabilities | 10/49 | €112,391 | €123,056 | +€10,665 | +9.5% |
| Equity | 10/15 | €105,576 | €25,937 | -€79,640 | -75.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €105,827 | €15,162 | -€90,666 | -85.7% |
| Distributable reserves | 133 | €105,827 | €15,162 | -€90,666 | -85.7% |
| Profit (loss) carried forward | 14 | -€12,651 | -€1,625 | +€11,026 | +87.2% |
| Amounts payable | 17/49 | €6,814 | €97,119 | +€90,305 | +1,325% |
| Amounts payable within one year | 42/48 | €6,792 | €96,994 | +€90,202 | +1,328% |
| Trade debts | 44 | €530 | €1,443 | +€913 | +172% |
| Suppliers | 440/4 | €530 | €1,443 | +€913 | +172% |
| Taxes, remuneration and social security | 45 | €6,109 | €2,754 | -€3,355 | -54.9% |
| Taxes | 450/3 | €6,109 | €2,754 | -€3,355 | -54.9% |
| Other amounts payable | 47/48 | €152 | €92,796 | +€92,644 | +60,838% |
| Accrued charges and deferred income | 492/3 | €22 | €125 | +€103 | +466% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €915 | €1,957 | +€1,042 | +114% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €11,950 | €0 | -€11,950 | -100% |
| Other operating charges | 640/8 | €1,243 | €1,210 | -€33 | -2.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €2,004 | €17,090 | +€15,086 | +753% |
| Operating profit (loss) | 9901 | -€12,104 | €13,924 | +€26,028 | |
| Financial income | 75/76B | €13 | €0 | -€13 | -100% |
| Recurring financial income | 75 | €13 | €0 | -€13 | -100% |
| Financial charges | 65/66B | €144 | €184 | +€40 | +27.9% |
| Recurring financial charges | 65 | €144 | €184 | +€40 | +27.9% |
| Profit (loss) for the period before taxes | 9903 | -€12,236 | €13,739 | +€25,975 | |
| Income taxes | 67/77 | €415 | €2,713 | +€2,298 | +554% |
| Profit (loss) for the period | 9904 | -€12,651 | €11,026 | +€23,677 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,651 | €11,026 | +€23,677 |
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 16 October 2026 via checked.be.