ATELIER MADANDA: 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.
ATELIER MADANDA
Largest movements
- Receivables within one year -€32,628
down €32,628 (-71.2%), from €45,843 to €13,214
of which Trade receivables: -€31,340
- Cash -€15,262
down €15,262 (-42.2%), from €36,182 to €20,920
mainly Advances received (-€21,108) and Trade debts (-€16,569)
- Deferred charges and accrued income +€1,519
up €1,519 (+6,372%), from €24 to €1,543
- Advances received -€21,108
down €21,108 (-97.9%), from €21,561 to €453
- Trade debts -€16,569
down €16,569 (-86.3%), from €19,189 to €2,620
- Profit (loss) carried forward -€5,012
down €5,012 (-14.1%), from €35,653 to €30,642
- Tax, wage and social debts -€4,462
down €4,462 (-46.7%), from €9,551 to €5,089
- Gross operating margin -€26,627
down €26,627, from €25,609 to -€1,017
- Taxes -€4,889
down €4,889 (-98.0%), from €4,989 to €100
- Other operating charges +€937
up €937 (+578%), from €162 to €1,099
- Financial charges +€871
up €871 (+1,297%), from €67 to €938
- Depreciation +€354
up €354 (+17.4%), from €2,036 to €2,389
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 | €87,454 | €40,303 | -€47,151 | -53.9% |
| Fixed assets | 21/28 | €5,406 | €4,626 | -€780 | -14.4% |
| Tangible fixed assets | 22/27 | €5,406 | €4,626 | -€780 | -14.4% |
| Plant, machinery and equipment | 23 | €283 | €1,481 | +€1,199 | +424% |
| Furniture and vehicles | 24 | €5,124 | €3,145 | -€1,979 | -38.6% |
| Current assets | 29/58 | €82,048 | €35,677 | -€46,371 | -56.5% |
| Amounts receivable within one year | 40/41 | €45,843 | €13,214 | -€32,628 | -71.2% |
| Trade receivables | 40 | €34,566 | €3,226 | -€31,340 | -90.7% |
| Other amounts receivable | 41 | €11,277 | €9,988 | -€1,288 | -11.4% |
| Cash at bank and in hand | 54/58 | €36,182 | €20,920 | -€15,262 | -42.2% |
| Deferred charges and accrued income | 490/1 | €24 | €1,543 | +€1,519 | +6,372% |
| Total equity and liabilities | 10/49 | €87,454 | €40,303 | -€47,151 | -53.9% |
| Equity | 10/15 | €37,153 | €32,142 | -€5,012 | -13.5% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,653 | €30,642 | -€5,012 | -14.1% |
| Amounts payable | 17/49 | €50,301 | €8,162 | -€42,139 | -83.8% |
| Amounts payable within one year | 42/48 | €50,301 | €8,162 | -€42,139 | -83.8% |
| Trade debts | 44 | €19,189 | €2,620 | -€16,569 | -86.3% |
| Suppliers | 440/4 | €19,189 | €2,620 | -€16,569 | -86.3% |
| Advances received on contracts in progress | 46 | €21,561 | €453 | -€21,108 | -97.9% |
| Taxes, remuneration and social security | 45 | €9,551 | €5,089 | -€4,462 | -46.7% |
| Taxes | 450/3 | €9,551 | €5,089 | -€4,462 | -46.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,036 | €2,389 | +€354 | +17.4% |
| Other operating charges | 640/8 | €162 | €1,099 | +€937 | +578% |
| Gross operating margin | 9900 | €25,609 | -€1,017 | -€26,627 | |
| Operating profit (loss) | 9901 | €23,412 | -€4,506 | -€27,917 | |
| Financial income | 75/76B | €394 | €532 | +€137 | +34.9% |
| Recurring financial income | 75 | €394 | €532 | +€137 | +34.9% |
| Financial charges | 65/66B | €67 | €938 | +€871 | +1,297% |
| Recurring financial charges | 65 | €67 | €938 | +€871 | +1,297% |
| Profit (loss) for the period before taxes | 9903 | €23,739 | -€4,912 | -€28,651 | |
| Income taxes | 67/77 | €4,989 | €100 | -€4,889 | -98.0% |
| Profit (loss) for the period | 9904 | €18,750 | -€5,012 | -€23,761 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,750 | -€5,012 | -€23,761 |
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 25 October 2026 via checked.be.