Majuro: what changed
What changed
Majuro
NACE 69.101, Activities of lawyers
filed annual accounts (NBB)
Net result for the year
€24,636
2024 · €21,322+€3,314
Equity
€54,578
2024 · €29,942+€24,636
Cash
€68,829
2024 · €41,068+€27,761
Balance sheet total
€75,751
2024 · €47,581+€28,170
Largest movements
Assets
- Cash +€27,761
up €27,761 (+67.6%), from €41,068 to €68,829
mainly Net result for the year (+€24,636) and Depreciation (+€6,190)
- Deferred charges and accrued income +€1,055
up €1,055, from €0 to €1,055
Equity and liabilities
- Reserves +€24,636
up €24,636 (+88.2%), from €27,942 to €52,578
- Trade debts +€2,443
up €2,443, from €0 to €2,443
Income statement
- Gross operating margin +€4,809
up €4,809 (+14.3%), from €33,724 to €38,533
- Depreciation +€1,848
up €1,848 (+42.6%), from €4,342 to €6,190
- Taxes -€417
down €417 (-5.6%), from €7,487 to €7,070
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€21,322
Gross operating margin
+€4,809
Depreciation
-€1,848
Other operating charges
-€156
Financial income
+€109
Financial charges
-€16
Taxes
+€417
Result 2025
€24,636
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€33,305
Investment
-€5,544
Financing
€0
Cash 2024
€41,068
From operations (derived)
+€33,305
Net result for the year
+€24,636
Depreciation
+€6,190
Deferred charges and accrued income
-€1,055
Trade debts
+€2,443
Tax, wage and social debts
+€679
Other debts
+€411
Investment (derived)
-€5,544
Investment in fixed assets (net)
-€5,544
Cash 2025
€68,829
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €47,581 | €75,751 | +€28,170 | +59.2% |
| Fixed assets | 21/28 | €6,513 | €5,867 | -€646 | -9.9% |
| Intangible fixed assets | 21 | €1 | €1 | -€0 | -28.6% |
| Tangible fixed assets | 22/27 | €6,513 | €5,867 | -€646 | -9.9% |
| Plant, machinery and equipment | 23 | €1,250 | €4,113 | +€2,863 | +229% |
| Furniture and vehicles | 24 | €5,263 | €1,754 | -€3,508 | -66.7% |
| Current assets | 29/58 | €41,068 | €69,883 | +€28,815 | +70.2% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €41,068 | €68,829 | +€27,761 | +67.6% |
| Deferred charges and accrued income | 490/1 | €0 | €1,055 | +€1,055 | |
| Total equity and liabilities | 10/49 | €47,581 | €75,751 | +€28,170 | +59.2% |
| Equity | 10/15 | €29,942 | €54,578 | +€24,636 | +82.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €27,942 | €52,578 | +€24,636 | +88.2% |
| Distributable reserves | 133 | €27,942 | €52,578 | +€24,636 | +88.2% |
| Amounts payable | 17/49 | €17,639 | €21,173 | +€3,534 | +20.0% |
| Amounts payable within one year | 42/48 | €17,639 | €21,173 | +€3,534 | +20.0% |
| Trade debts | 44 | €0 | €2,443 | +€2,443 | |
| Suppliers | 440/4 | €0 | €2,443 | +€2,443 | |
| Taxes, remuneration and social security | 45 | €12,409 | €13,087 | +€679 | +5.5% |
| Taxes | 450/3 | €12,409 | €13,087 | +€679 | +5.5% |
| Other amounts payable | 47/48 | €5,230 | €5,642 | +€411 | +7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,342 | €6,190 | +€1,848 | +42.6% |
| Other operating charges | 640/8 | €597 | €753 | +€156 | +26.2% |
| Gross operating margin | 9900 | €33,724 | €38,533 | +€4,809 | +14.3% |
| Operating profit (loss) | 9901 | €28,786 | €31,590 | +€2,804 | +9.7% |
| Financial income | 75/76B | €55 | €163 | +€109 | +199% |
| Recurring financial income | 75 | €55 | €163 | +€109 | +199% |
| Financial charges | 65/66B | €31 | €47 | +€16 | +50.0% |
| Recurring financial charges | 65 | €31 | €47 | +€16 | +50.0% |
| Profit (loss) for the period before taxes | 9903 | €28,809 | €31,706 | +€2,897 | +10.1% |
| Income taxes | 67/77 | €7,487 | €7,070 | -€417 | -5.6% |
| Profit (loss) for the period | 9904 | €21,322 | €24,636 | +€3,314 | +15.5% |
| Profit (loss) for the period to be appropriated | 9905 | €21,322 | €24,636 | +€3,314 | +15.5% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.