MAJUTO: 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.
MAJUTO
Largest movements
- Tangible fixed assets -€40,363
down €40,363 (-8.6%), from €466,643 to €426,280
- Current portion of long-term debt -€25,199
down €25,199 (-4.8%), from €521,493 to €496,294
- Profit (loss) carried forward -€14,297
down €14,297 (-9.3%), from -€153,764 to -€168,061
- Gross operating margin +€1,779
up €1,779 (+6.2%), from €28,689 to €30,468
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €467,996 | €428,233 | -€39,764 | -8.5% |
| Fixed assets | 21/28 | €466,643 | €426,280 | -€40,363 | -8.6% |
| Tangible fixed assets | 22/27 | €466,643 | €426,280 | -€40,363 | -8.6% |
| Land and buildings | 22 | €466,643 | €426,280 | -€40,363 | -8.6% |
| Current assets | 29/58 | €1,353 | €1,953 | +€600 | +44.3% |
| Amounts receivable within one year | 40/41 | €1,353 | €1,953 | +€600 | +44.3% |
| Other amounts receivable | 41 | €1,353 | €1,953 | +€600 | +44.3% |
| Total equity and liabilities | 10/49 | €467,996 | €428,233 | -€39,764 | -8.5% |
| Equity | 10/15 | -€53,764 | -€68,061 | -€14,297 | -26.6% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€153,764 | -€168,061 | -€14,297 | -9.3% |
| Amounts payable | 17/49 | €521,760 | €496,294 | -€25,466 | -4.9% |
| Amounts payable within one year | 42/48 | €521,760 | €496,294 | -€25,466 | -4.9% |
| Current portion of amounts payable after more than one year | 42 | €521,493 | €496,294 | -€25,199 | -4.8% |
| Taxes, remuneration and social security | 45 | €267 | €0 | -€267 | -100.0% |
| Taxes | 450/3 | €267 | €0 | -€267 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,363 | €40,363 | = | 0.0% |
| Other operating charges | 640/8 | €4,494 | €4,326 | -€168 | -3.7% |
| Gross operating margin | 9900 | €28,689 | €30,468 | +€1,779 | +6.2% |
| Operating profit (loss) | 9901 | -€16,168 | -€14,221 | +€1,946 | +12.0% |
| Financial charges | 65/66B | €68 | €76 | +€8 | +11.3% |
| Recurring financial charges | 65 | €68 | €76 | +€8 | +11.3% |
| Profit (loss) for the period before taxes | 9903 | -€16,236 | -€14,297 | +€1,939 | +11.9% |
| Profit (loss) for the period | 9904 | -€16,236 | -€14,297 | +€1,939 | +11.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,236 | -€14,297 | +€1,939 | +11.9% |
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 8 October 2026 via checked.be.