MAJUSOL: what changed
Two fiscal 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.
MAJUSOL
Largest movements
- Cash +€2,407
up €2,407 (+15.7%), from €15,326 to €17,733
mainly Net result for the year (+€17,471) and Trade debts (+€3,237)
- Receivables within one year -€816
down €816 (-5.1%), from €16,071 to €15,256
of which Trade receivables: -€5,276
- Tangible fixed assets +€649
new in 2025: €649
- Formation expenses -€541
no longer reported in 2025 (was €541)
- Profit (loss) carried forward +€17,471
up €17,471 (+386.6%), from €4,519 to €21,990
- Other debts -€10,500
down €10,500 (-99.0%), from €10,609 to €109
- Tax, wage and social debts -€8,363
down €8,363 (-63.8%), from €13,102 to €4,739
of which Taxes: -€5,791
- Trade debts +€3,237
up €3,237 (+456.9%), from €709 to €3,946
- Gross operating margin +€2,290
up €2,290 (+8.7%), from €26,275 to €28,565
- Depreciation -€836
down €836 (-58.7%), from €1,426 to €589
- Taxes +€710
up €710 (+13.3%), from €5,330 to €6,040
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.
Cash bridge derived
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 | €31,938 | €33,784 | +€1,845 | +5.8% |
| Formation expenses | 20 | €541 | - | -€541 | |
| Fixed assets | 21/28 | - | €649 | +€649 | |
| Tangible fixed assets | 22/27 | - | €649 | +€649 | |
| Plant, machinery and equipment | 23 | - | €649 | +€649 | |
| Current assets | 29/58 | €31,397 | €33,134 | +€1,737 | +5.5% |
| Amounts receivable within one year | 40/41 | €16,071 | €15,256 | -€816 | -5.1% |
| Trade receivables | 40 | €16,071 | €10,796 | -€5,276 | -32.8% |
| Other amounts receivable | 41 | - | €4,460 | +€4,460 | |
| Cash at bank and in hand | 54/58 | €15,326 | €17,733 | +€2,407 | +15.7% |
| Deferred charges and accrued income | 490/1 | - | €146 | +€146 | |
| Total equity and liabilities | 10/49 | €31,938 | €33,784 | +€1,845 | +5.8% |
| Equity | 10/15 | €7,519 | €24,990 | +€17,471 | +232.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,519 | €21,990 | +€17,471 | +386.6% |
| Amounts payable | 17/49 | €24,419 | €8,793 | -€15,626 | -64.0% |
| Amounts payable within one year | 42/48 | €24,419 | €8,793 | -€15,626 | -64.0% |
| Trade debts | 44 | €709 | €3,946 | +€3,237 | +456.9% |
| Suppliers | 440/4 | €709 | €3,946 | +€3,237 | +456.9% |
| Taxes, remuneration and social security | 45 | €13,102 | €4,739 | -€8,363 | -63.8% |
| Taxes | 450/3 | €10,410 | €4,619 | -€5,791 | -55.6% |
| Remuneration and social security | 454/9 | €2,692 | €120 | -€2,572 | -95.5% |
| Other amounts payable | 47/48 | €10,609 | €109 | -€10,500 | -99.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,426 | €589 | -€836 | -58.7% |
| Non-recurring operating charges | 66A | - | €4,439 | +€4,439 | |
| Gross operating margin | 9900 | €26,275 | €28,565 | +€2,290 | +8.7% |
| Operating profit (loss) | 9901 | €24,850 | €23,537 | -€1,313 | -5.3% |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Financial charges | 65/66B | €1 | €29 | +€28 | +2531.3% |
| Recurring financial charges | 65 | €1 | €29 | +€28 | +2531.3% |
| Profit (loss) for the period before taxes | 9903 | €24,849 | €23,511 | -€1,337 | -5.4% |
| Income taxes | 67/77 | €5,330 | €6,040 | +€710 | +13.3% |
| Profit (loss) for the period | 9904 | €19,519 | €17,471 | -€2,048 | -10.5% |
| Profit (loss) for the period to be appropriated | 9905 | €19,519 | €17,471 | -€2,048 | -10.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.