MAJURA: 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.
MAJURA
Largest movements
- Cash -€15,124
down €15,124 (-24.0%), from €63,100 to €47,976
mainly Trade debts (-€6,675) and Tax, wage and social debts (-€6,210)
- Tangible fixed assets +€2,062
up €2,062 (+108%), from €1,913 to €3,974
of which Plant, machinery and equipment: +€2,325
- Trade debts -€6,675
down €6,675 (-45.0%), from €14,835 to €8,159
- Tax, wage and social debts -€6,210
down €6,210 (-45.5%), from €13,654 to €7,444
of which Taxes: -€6,981
- Other operating charges +€3,288
up €3,288 (+559%), from €588 to €3,876
- Financial charges +€878
up €878 (+130%), from €677 to €1,554
- Gross operating margin -€448
down €448 (-5.0%), from €8,920 to €8,472
- Depreciation +€273
up €273 (+104%), from €264 to €537
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 | €75,401 | €62,007 | -€13,394 | -17.8% |
| Fixed assets | 21/28 | €1,913 | €3,974 | +€2,062 | +108% |
| Tangible fixed assets | 22/27 | €1,913 | €3,974 | +€2,062 | +108% |
| Land and buildings | 22 | €1,913 | €1,649 | -€264 | -13.8% |
| Plant, machinery and equipment | 23 | - | €2,325 | +€2,325 | |
| Current assets | 29/58 | €73,488 | €58,032 | -€15,456 | -21.0% |
| Amounts receivable within one year | 40/41 | €10,316 | €10,056 | -€259 | -2.5% |
| Trade receivables | 40 | €10,142 | €10,021 | -€121 | -1.2% |
| Other amounts receivable | 41 | €174 | €36 | -€138 | -79.4% |
| Cash at bank and in hand | 54/58 | €63,100 | €47,976 | -€15,124 | -24.0% |
| Deferred charges and accrued income | 490/1 | €72 | €0 | -€72 | -100% |
| Total equity and liabilities | 10/49 | €75,401 | €62,007 | -€13,394 | -17.8% |
| Equity | 10/15 | €23,217 | €23,375 | +€158 | +0.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €20,217 | €20,375 | +€158 | +0.8% |
| Distributable reserves | 133 | €20,217 | €20,375 | +€158 | +0.8% |
| Amounts payable | 17/49 | €52,184 | €38,632 | -€13,552 | -26.0% |
| Amounts payable within one year | 42/48 | €52,184 | €38,632 | -€13,552 | -26.0% |
| Trade debts | 44 | €14,835 | €8,159 | -€6,675 | -45.0% |
| Suppliers | 440/4 | €14,835 | €8,159 | -€6,675 | -45.0% |
| Taxes, remuneration and social security | 45 | €13,654 | €7,444 | -€6,210 | -45.5% |
| Taxes | 450/3 | €13,654 | €6,673 | -€6,981 | -51.1% |
| Remuneration and social security | 454/9 | - | €771 | +€771 | |
| Other amounts payable | 47/48 | €23,695 | €23,028 | -€667 | -2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €264 | €537 | +€273 | +104% |
| Other operating charges | 640/8 | €588 | €3,876 | +€3,288 | +559% |
| Gross operating margin | 9900 | €8,920 | €8,472 | -€448 | -5.0% |
| Operating profit (loss) | 9901 | €8,069 | €4,059 | -€4,010 | -49.7% |
| Financial charges | 65/66B | €677 | €1,554 | +€878 | +130% |
| Recurring financial charges | 65 | €677 | €1,554 | +€878 | +130% |
| Profit (loss) for the period before taxes | 9903 | €7,392 | €2,505 | -€4,888 | -66.1% |
| Income taxes | 67/77 | €2,290 | €2,347 | +€57 | +2.5% |
| Profit (loss) for the period | 9904 | €5,103 | €158 | -€4,945 | -96.9% |
| Profit (loss) for the period to be appropriated | 9905 | €5,103 | €158 | -€4,945 | -96.9% |
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.