A Mad Production: what changed
A Mad Production
Largest movements
- Receivables within one year -€20,935
down €20,935 (-68.5%), from €30,581 to €9,646
of which Trade receivables: -€27,275
- Tangible fixed assets -€4,375
down €4,375 (-19.8%), from €22,087 to €17,712
of which Plant, machinery and equipment: -€5,329
- Cash +€4,139
up €4,139 (+41.7%), from €9,926 to €14,064
mainly Receivables within one year (+€20,935) and Depreciation (+€9,093)
- Deferred charges and accrued income -€3,616
down €3,616 (-80.9%), from €4,473 to €857
- Other debts -€11,983
down €11,983 (-34.8%), from €34,462 to €22,480
- Profit (loss) carried forward -€10,860
down €10,860 (-563%), from -€1,930 to -€12,790
- Current portion of long-term debt +€3,626
new in 2025: €3,626
- Tax, wage and social debts -€3,433
no longer reported in 2025 (was €3,433)
- Debts after one year -€3,087
down €3,087 (-36.2%), from €8,537 to €5,449
- Gross operating margin -€16,842
down €16,842 (-64.1%), from €26,275 to €9,433
- Taxes -€4,331
down €4,331 (-97.7%), from €4,433 to €101
- Financial charges +€3,892
up €3,892 (+124%), from €3,147 to €7,039
- Depreciation +€3,107
up €3,107 (+51.9%), from €5,986 to €9,093
- Financial income -€504
down €504 (-96.7%), from €521 to €17
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €67,325 | €42,518 | -€24,806 | -36.8% |
| Fixed assets | 21/28 | €22,345 | €17,952 | -€4,393 | -19.7% |
| Intangible fixed assets | 21 | €18 | - | -€18 | |
| Tangible fixed assets | 22/27 | €22,087 | €17,712 | -€4,375 | -19.8% |
| Plant, machinery and equipment | 23 | €19,077 | €13,748 | -€5,329 | -27.9% |
| Furniture and vehicles | 24 | €3,010 | €3,964 | +€954 | +31.7% |
| Financial fixed assets | 28 | €240 | €240 | = | 0.0% |
| Current assets | 29/58 | €44,980 | €24,567 | -€20,413 | -45.4% |
| Amounts receivable within one year | 40/41 | €30,581 | €9,646 | -€20,935 | -68.5% |
| Trade receivables | 40 | €29,519 | €2,244 | -€27,275 | -92.4% |
| Other amounts receivable | 41 | €1,063 | €7,402 | +€6,339 | +597% |
| Cash at bank and in hand | 54/58 | €9,926 | €14,064 | +€4,139 | +41.7% |
| Deferred charges and accrued income | 490/1 | €4,473 | €857 | -€3,616 | -80.9% |
| Total equity and liabilities | 10/49 | €67,325 | €42,518 | -€24,806 | -36.8% |
| Equity | 10/15 | €16,114 | €5,254 | -€10,860 | -67.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €17,044 | €17,044 | = | 0.0% |
| Distributable reserves | 133 | €17,044 | €17,044 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,930 | -€12,790 | -€10,860 | -563% |
| Amounts payable | 17/49 | €51,211 | €37,265 | -€13,946 | -27.2% |
| Amounts payable after more than one year | 17 | €8,537 | €5,449 | -€3,087 | -36.2% |
| Financial debts | 170/4 | €8,537 | €5,449 | -€3,087 | -36.2% |
| Amounts payable within one year | 42/48 | €42,674 | €31,816 | -€10,859 | -25.4% |
| Current portion of amounts payable after more than one year | 42 | - | €3,626 | +€3,626 | |
| Trade debts | 44 | €4,779 | €5,710 | +€931 | +19.5% |
| Suppliers | 440/4 | €4,779 | €5,710 | +€931 | +19.5% |
| Taxes, remuneration and social security | 45 | €3,433 | - | -€3,433 | |
| Taxes | 450/3 | €3,433 | - | -€3,433 | |
| Other amounts payable | 47/48 | €34,462 | €22,480 | -€11,983 | -34.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,986 | €9,093 | +€3,107 | +51.9% |
| Other operating charges | 640/8 | €1,565 | €1,067 | -€498 | -31.8% |
| Non-recurring operating charges | 66A | - | €3,010 | +€3,010 | |
| Gross operating margin | 9900 | €26,275 | €9,433 | -€16,842 | -64.1% |
| Operating profit (loss) | 9901 | €18,724 | -€3,737 | -€22,461 | |
| Financial income | 75/76B | €521 | €17 | -€504 | -96.7% |
| Recurring financial income | 75 | €521 | €17 | -€504 | -96.7% |
| Financial charges | 65/66B | €3,147 | €7,039 | +€3,892 | +124% |
| Recurring financial charges | 65 | €3,147 | €7,039 | +€3,892 | +124% |
| Profit (loss) for the period before taxes | 9903 | €16,098 | -€10,759 | -€26,857 | |
| Income taxes | 67/77 | €4,433 | €101 | -€4,331 | -97.7% |
| Profit (loss) for the period | 9904 | €11,666 | -€10,860 | -€22,526 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,666 | -€10,860 | -€22,526 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.