MAJUJEA: 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.
MAJUJEA
Largest movements
- Cash +€265,727
up €265,727 (+137%), from €193,483 to €459,211
mainly Current investments (+€180,464) and Net result for the year (+€76,366)
- Current investments -€180,464
down €180,464 (-97.5%), from €185,000 to €4,536
- Tangible fixed assets -€15,419
down €15,419 (-18.9%), from €81,664 to €66,245
of which Furniture and vehicles: -€16,210
- Receivables within one year -€10,926
down €10,926 (-50.8%), from €21,522 to €10,596
of which Trade receivables: -€12,945
- Reserves +€76,366
up €76,366 (+16.8%), from €453,332 to €529,698
- Tax, wage and social debts -€19,589
down €19,589 (-65.5%), from €29,903 to €10,314
- Gross operating margin -€46,732
down €46,732 (-27.9%), from €167,212 to €120,480
- Taxes -€10,104
down €10,104 (-22.9%), from €44,159 to €34,055
- Financial income +€9,437
up €9,437 (+592%), from €1,595 to €11,031
- Other operating charges -€2,081
down €2,081 (-48.7%), from €4,277 to €2,196
- Depreciation +€1,705
up €1,705 (+10.0%), from €17,032 to €18,736
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 | €486,307 | €543,107 | +€56,800 | +11.7% |
| Fixed assets | 21/28 | €81,664 | €66,245 | -€15,419 | -18.9% |
| Tangible fixed assets | 22/27 | €81,664 | €66,245 | -€15,419 | -18.9% |
| Furniture and vehicles | 24 | €62,607 | €46,396 | -€16,210 | -25.9% |
| Other tangible fixed assets | 26 | €19,058 | €19,849 | +€791 | +4.1% |
| Current assets | 29/58 | €404,642 | €476,862 | +€72,220 | +17.8% |
| Amounts receivable within one year | 40/41 | €21,522 | €10,596 | -€10,926 | -50.8% |
| Trade receivables | 40 | €12,945 | - | -€12,945 | |
| Other amounts receivable | 41 | €8,577 | €10,596 | +€2,018 | +23.5% |
| Current investments | 50/53 | €185,000 | €4,536 | -€180,464 | -97.5% |
| Cash at bank and in hand | 54/58 | €193,483 | €459,211 | +€265,727 | +137% |
| Deferred charges and accrued income | 490/1 | €4,637 | €2,520 | -€2,117 | -45.7% |
| Total equity and liabilities | 10/49 | €486,307 | €543,107 | +€56,800 | +11.7% |
| Equity | 10/15 | €456,332 | €532,698 | +€76,366 | +16.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €453,332 | €529,698 | +€76,366 | +16.8% |
| Distributable reserves | 133 | €453,332 | €529,698 | +€76,366 | +16.8% |
| Amounts payable | 17/49 | €29,974 | €10,409 | -€19,566 | -65.3% |
| Amounts payable within one year | 42/48 | €29,974 | €10,409 | -€19,566 | -65.3% |
| Trade debts | 44 | €72 | €95 | +€23 | +32.4% |
| Suppliers | 440/4 | €72 | €95 | +€23 | +32.4% |
| Taxes, remuneration and social security | 45 | €29,903 | €10,314 | -€19,589 | -65.5% |
| Taxes | 450/3 | €29,903 | €10,314 | -€19,589 | -65.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,032 | €18,736 | +€1,705 | +10.0% |
| Other operating charges | 640/8 | €4,277 | €2,196 | -€2,081 | -48.7% |
| Gross operating margin | 9900 | €167,212 | €120,480 | -€46,732 | -27.9% |
| Operating profit (loss) | 9901 | €145,904 | €99,548 | -€46,356 | -31.8% |
| Financial income | 75/76B | €1,595 | €11,031 | +€9,437 | +592% |
| Recurring financial income | 75 | €1,595 | €11,031 | +€9,437 | +592% |
| Financial charges | 65/66B | €162 | €158 | -€4 | -2.5% |
| Recurring financial charges | 65 | €162 | €158 | -€4 | -2.5% |
| Profit (loss) for the period before taxes | 9903 | €147,337 | €110,421 | -€36,916 | -25.1% |
| Income taxes | 67/77 | €44,159 | €34,055 | -€10,104 | -22.9% |
| Profit (loss) for the period | 9904 | €103,177 | €76,366 | -€26,811 | -26.0% |
| Profit (loss) for the period to be appropriated | 9905 | €103,177 | €76,366 | -€26,811 | -26.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.