MaJuSte Consulting: 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.
MaJuSte Consulting
Largest movements
- Current investments +€50,000
new in 2025: €50,000
- Cash +€47,477
up €47,477 (+65.6%), from €72,350 to €119,827
mainly Net result for the year (+€91,642) and Tax, wage and social debts (+€17,320)
- Receivables within one year -€7,912
down €7,912 (-26.9%), from €29,386 to €21,475
- Reserves +€91,000
up €91,000 (+126%), from €72,000 to €163,000
- Tax, wage and social debts +€17,320
up €17,320 (+75.4%), from €22,963 to €40,282
- Current portion of long-term debt -€8,502
down €8,502 (-100%), from €8,502 to €0
- Accrued charges and deferred income -€7,547
down €7,547 (-81.9%), from €9,210 to €1,663
- Gross operating margin +€32,361
up €32,361 (+30.9%), from €104,761 to €137,121
- Taxes +€9,858
up €9,858 (+33.4%), from €29,552 to €39,410
- Other operating charges +€1,991
up €1,991 (+189%), from €1,055 to €3,046
- Depreciation +€1,753
up €1,753 (+748%), from €234 to €1,987
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 | €121,175 | €212,055 | +€90,880 | +75.0% |
| Fixed assets | 21/28 | €17,549 | €18,229 | +€680 | +3.9% |
| Tangible fixed assets | 22/27 | €17,549 | €18,229 | +€680 | +3.9% |
| Plant, machinery and equipment | 23 | - | €925 | +€925 | |
| Furniture and vehicles | 24 | €5,712 | €5,343 | -€368 | -6.5% |
| Other tangible fixed assets | 26 | €11,837 | €11,961 | +€124 | +1.0% |
| Current assets | 29/58 | €103,626 | €193,826 | +€90,200 | +87.0% |
| Amounts receivable within one year | 40/41 | €29,386 | €21,475 | -€7,912 | -26.9% |
| Trade receivables | 40 | €29,386 | €21,475 | -€7,912 | -26.9% |
| Current investments | 50/53 | - | €50,000 | +€50,000 | |
| Cash at bank and in hand | 54/58 | €72,350 | €119,827 | +€47,477 | +65.6% |
| Deferred charges and accrued income | 490/1 | €1,890 | €2,525 | +€635 | +33.6% |
| Total equity and liabilities | 10/49 | €121,175 | €212,055 | +€90,880 | +75.0% |
| Equity | 10/15 | €77,983 | €169,624 | +€91,642 | +118% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €72,000 | €163,000 | +€91,000 | +126% |
| Distributable reserves | 133 | €72,000 | €163,000 | +€91,000 | +126% |
| Profit (loss) carried forward | 14 | €983 | €1,624 | +€642 | +65.3% |
| Amounts payable | 17/49 | €43,192 | €42,431 | -€761 | -1.8% |
| Amounts payable within one year | 42/48 | €33,982 | €40,768 | +€6,786 | +20.0% |
| Current portion of amounts payable after more than one year | 42 | €8,502 | €0 | -€8,502 | -100% |
| Trade debts | 44 | €2,517 | €485 | -€2,032 | -80.7% |
| Suppliers | 440/4 | €2,517 | €485 | -€2,032 | -80.7% |
| Taxes, remuneration and social security | 45 | €22,963 | €40,282 | +€17,320 | +75.4% |
| Taxes | 450/3 | €22,963 | €40,282 | +€17,320 | +75.4% |
| Accrued charges and deferred income | 492/3 | €9,210 | €1,663 | -€7,547 | -81.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €234 | €1,987 | +€1,753 | +748% |
| Other operating charges | 640/8 | €1,055 | €3,046 | +€1,991 | +189% |
| Gross operating margin | 9900 | €104,761 | €137,121 | +€32,361 | +30.9% |
| Operating profit (loss) | 9901 | €103,471 | €132,088 | +€28,617 | +27.7% |
| Financial income | 75/76B | €232 | €148 | -€84 | -36.1% |
| Recurring financial income | 75 | €232 | €148 | -€84 | -36.1% |
| Financial charges | 65/66B | €1,169 | €1,185 | +€16 | +1.3% |
| Recurring financial charges | 65 | €1,169 | €1,185 | +€16 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | €102,534 | €131,052 | +€28,517 | +27.8% |
| Income taxes | 67/77 | €29,552 | €39,410 | +€9,858 | +33.4% |
| Profit (loss) for the period | 9904 | €72,983 | €91,642 | +€18,659 | +25.6% |
| Profit (loss) for the period to be appropriated | 9905 | €72,983 | €91,642 | +€18,659 | +25.6% |
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 18 October 2026 via checked.be.