Studio Majù: 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.
Studio Majù
Largest movements
- Stocks and contracts +€10,836
up €10,836 (+83.4%), from €12,990 to €23,827
- Cash +€10,061
up €10,061 (+98.0%), from €10,261 to €20,321
mainly Net result for the year (+€25,692) and Tax, wage and social debts (+€7,075)
- Tangible fixed assets +€5,372
new in 2025: €5,372
of which Furniture and vehicles: +€4,408
- Receivables within one year +€2,926
up €2,926 (+145%), from €2,019 to €4,945
of which Trade receivables: +€2,875
- Reserves +€13,460
new in 2025: €13,460
- Profit (loss) carried forward +€12,233
up €12,233, from -€12,233 to €0
- Tax, wage and social debts +€7,075
new in 2025: €7,075
- Trade debts -€2,935
down €2,935 (-30.4%), from €9,655 to €6,720
- Gross operating margin +€40,566
up €40,566, from -€5,445 to €35,121
- Taxes +€5,202
up €5,202 (+90,002%), from €6 to €5,208
- Write-downs -€3,771
down €3,771 (-70.7%), from €5,335 to €1,564
- Financial charges +€1,060
up €1,060 (+200%), from €531 to €1,591
- Depreciation +€594
new in 2025: €594
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 | €25,385 | €54,945 | +€29,560 | +116% |
| Fixed assets | 21/28 | - | €5,372 | +€5,372 | |
| Tangible fixed assets | 22/27 | - | €5,372 | +€5,372 | |
| Plant, machinery and equipment | 23 | - | €964 | +€964 | |
| Furniture and vehicles | 24 | - | €4,408 | +€4,408 | |
| Current assets | 29/58 | €25,385 | €49,574 | +€24,188 | +95.3% |
| Stocks and contracts in progress | 3 | €12,990 | €23,827 | +€10,836 | +83.4% |
| Stocks | 30/36 | €12,990 | €23,827 | +€10,836 | +83.4% |
| Amounts receivable within one year | 40/41 | €2,019 | €4,945 | +€2,926 | +145% |
| Trade receivables | 40 | €1,807 | €4,682 | +€2,875 | +159% |
| Other amounts receivable | 41 | €212 | €262 | +€51 | +23.9% |
| Cash at bank and in hand | 54/58 | €10,261 | €20,321 | +€10,061 | +98.0% |
| Deferred charges and accrued income | 490/1 | €116 | €481 | +€365 | +316% |
| Total equity and liabilities | 10/49 | €25,385 | €54,945 | +€29,560 | +116% |
| Equity | 10/15 | -€10,233 | €15,460 | +€25,692 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | - | €13,460 | +€13,460 | |
| Distributable reserves | 133 | - | €13,460 | +€13,460 | |
| Profit (loss) carried forward | 14 | -€12,233 | €0 | +€12,233 | |
| Amounts payable | 17/49 | €35,618 | €39,485 | +€3,868 | +10.9% |
| Amounts payable after more than one year | 17 | €25,000 | €25,000 | = | 0.0% |
| Financial debts | 170/4 | €25,000 | €25,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €10,618 | €14,485 | +€3,868 | +36.4% |
| Trade debts | 44 | €9,655 | €6,720 | -€2,935 | -30.4% |
| Suppliers | 440/4 | €9,655 | €6,720 | -€2,935 | -30.4% |
| Taxes, remuneration and social security | 45 | - | €7,075 | +€7,075 | |
| Taxes | 450/3 | - | €7,075 | +€7,075 | |
| Other amounts payable | 47/48 | €963 | €690 | -€272 | -28.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €594 | +€594 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,335 | €1,564 | -€3,771 | -70.7% |
| Other operating charges | 640/8 | €1,036 | €547 | -€489 | -47.2% |
| Gross operating margin | 9900 | -€5,445 | €35,121 | +€40,566 | |
| Operating profit (loss) | 9901 | -€11,816 | €32,416 | +€44,233 | |
| Financial income | 75/76B | €120 | €74 | -€46 | -38.3% |
| Recurring financial income | 75 | €120 | €74 | -€46 | -38.3% |
| Financial charges | 65/66B | €531 | €1,591 | +€1,060 | +200% |
| Recurring financial charges | 65 | €531 | €1,591 | +€1,060 | +200% |
| Profit (loss) for the period before taxes | 9903 | -€12,227 | €30,900 | +€43,127 | |
| Income taxes | 67/77 | €6 | €5,208 | +€5,202 | +90,002% |
| Profit (loss) for the period | 9904 | -€12,233 | €25,692 | +€37,925 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,233 | €25,692 | +€37,925 |
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 16 October 2026 via checked.be.