MAJUTEC: 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.
MAJUTEC
Largest movements
- Cash -€56,343
down €56,343 (-42.9%), from €131,394 to €75,051
mainly Investment in fixed assets (net) (-€54,128) and Net result for the year (-€16,493)
- Tangible fixed assets +€31,219
up €31,219 (+10.8%), from €289,788 to €321,006
of which Furniture and vehicles: +€42,637
- Profit (loss) carried forward -€16,493
down €16,493 (-406.1%), from -€4,061 to -€20,554
- Depreciation +€4,522
up €4,522 (+24.6%), from €18,388 to €22,909
- Gross operating margin +€1,546
up €1,546 (+26.4%), from €5,855 to €7,401
- Other operating charges -€774
down €774 (-50.1%), from €1,546 to €772
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 | €425,739 | €406,522 | -€19,217 | -4.5% |
| Fixed assets | 21/28 | €289,865 | €321,084 | +€31,219 | +10.8% |
| Tangible fixed assets | 22/27 | €289,788 | €321,006 | +€31,219 | +10.8% |
| Land and buildings | 22 | €281,659 | €271,736 | -€9,923 | -3.5% |
| Plant, machinery and equipment | 23 | €1,474 | €551 | -€922 | -62.6% |
| Furniture and vehicles | 24 | €2,662 | €45,299 | +€42,637 | +1601.7% |
| Other tangible fixed assets | 26 | €3,994 | €3,420 | -€573 | -14.4% |
| Financial fixed assets | 28 | €77 | €77 | = | 0.0% |
| Current assets | 29/58 | €135,873 | €85,438 | -€50,435 | -37.1% |
| Amounts receivable within one year | 40/41 | €4,479 | €7,968 | +€3,489 | +77.9% |
| Trade receivables | 40 | - | €482 | +€482 | |
| Other amounts receivable | 41 | €4,479 | €7,486 | +€3,007 | +67.1% |
| Cash at bank and in hand | 54/58 | €131,394 | €75,051 | -€56,343 | -42.9% |
| Deferred charges and accrued income | 490/1 | - | €2,419 | +€2,419 | |
| Total equity and liabilities | 10/49 | €425,739 | €406,522 | -€19,217 | -4.5% |
| Equity | 10/15 | €367,164 | €350,672 | -€16,493 | -4.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €358,826 | €358,826 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €356,966 | €356,966 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,061 | -€20,554 | -€16,493 | -406.1% |
| Amounts payable | 17/49 | €58,574 | €55,850 | -€2,724 | -4.7% |
| Amounts payable within one year | 42/48 | €57,539 | €54,815 | -€2,724 | -4.7% |
| Trade debts | 44 | €731 | €521 | -€210 | -28.8% |
| Suppliers | 440/4 | €731 | €521 | -€210 | -28.8% |
| Taxes, remuneration and social security | 45 | €97 | €87 | -€9 | -9.5% |
| Taxes | 450/3 | €97 | €87 | -€9 | -9.5% |
| Other amounts payable | 47/48 | €56,711 | €54,207 | -€2,504 | -4.4% |
| Accrued charges and deferred income | 492/3 | €1,035 | €1,035 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,388 | €22,909 | +€4,522 | +24.6% |
| Other operating charges | 640/8 | €1,546 | €772 | -€774 | -50.1% |
| Gross operating margin | 9900 | €5,855 | €7,401 | +€1,546 | +26.4% |
| Operating profit (loss) | 9901 | -€14,079 | -€16,281 | -€2,202 | -15.6% |
| Financial charges | 65/66B | €125 | €125 | = | 0.0% |
| Recurring financial charges | 65 | €125 | €125 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€14,203 | -€16,405 | -€2,202 | -15.5% |
| Income taxes | 67/77 | €97 | €87 | -€9 | -9.5% |
| Profit (loss) for the period | 9904 | -€14,300 | -€16,493 | -€2,193 | -15.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,300 | -€16,493 | -€2,193 | -15.3% |
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 9 October 2026 via checked.be.