M.A.D. Communication: 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.
M.A.D. Communication
Largest movements
- Receivables within one year -€6,802
down €6,802 (-83.1%), from €8,190 to €1,388
of which Trade receivables: -€6,802
- Cash +€3,639
up €3,639 (+319%), from €1,142 to €4,781
mainly Net result for the year (+€9,899) and Receivables within one year (+€6,802)
- Tangible fixed assets -€1,302
down €1,302 (-51.2%), from €2,542 to €1,240
of which Furniture and vehicles: -€858
- Stocks and contracts +€203
up €203 (+10.7%), from €1,897 to €2,100
- Other debts -€14,643
no longer reported in 2025 (was €14,643)
- Profit (loss) carried forward +€9,899
up €9,899 (+53.2%), from -€18,600 to -€8,702
- Trade debts -€2,929
down €2,929 (-44.1%), from €6,636 to €3,707
- Tax, wage and social debts +€2,145
up €2,145 (+42.8%), from €5,007 to €7,152
of which Taxes: +€2,105
- Accrued charges and deferred income +€1,300
new in 2025: €1,300
- Gross operating margin +€8,560
up €8,560 (+132%), from €6,492 to €15,052
- Staff costs +€2,811
up €2,811 (+1,832%), from €153 to €2,965
- Other operating charges -€639
down €639 (-48.1%), from €1,330 to €691
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 | €13,886 | €9,657 | -€4,229 | -30.5% |
| Fixed assets | 21/28 | €2,542 | €1,240 | -€1,302 | -51.2% |
| Tangible fixed assets | 22/27 | €2,542 | €1,240 | -€1,302 | -51.2% |
| Plant, machinery and equipment | 23 | €444 | - | -€444 | |
| Furniture and vehicles | 24 | €2,098 | €1,240 | -€858 | -40.9% |
| Current assets | 29/58 | €11,344 | €8,416 | -€2,927 | -25.8% |
| Stocks and contracts in progress | 3 | €1,897 | €2,100 | +€203 | +10.7% |
| Stocks | 30/36 | €1,897 | €2,100 | +€203 | +10.7% |
| Amounts receivable within one year | 40/41 | €8,190 | €1,388 | -€6,802 | -83.1% |
| Trade receivables | 40 | €8,003 | €1,200 | -€6,802 | -85.0% |
| Other amounts receivable | 41 | €188 | €188 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,142 | €4,781 | +€3,639 | +319% |
| Deferred charges and accrued income | 490/1 | €114 | €148 | +€34 | +29.4% |
| Total equity and liabilities | 10/49 | €13,886 | €9,657 | -€4,229 | -30.5% |
| Equity | 10/15 | -€12,400 | -€2,502 | +€9,899 | +79.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,600 | -€8,702 | +€9,899 | +53.2% |
| Amounts payable | 17/49 | €26,286 | €12,158 | -€14,128 | -53.7% |
| Amounts payable within one year | 42/48 | €26,286 | €10,858 | -€15,428 | -58.7% |
| Trade debts | 44 | €6,636 | €3,707 | -€2,929 | -44.1% |
| Suppliers | 440/4 | €6,636 | €3,707 | -€2,929 | -44.1% |
| Taxes, remuneration and social security | 45 | €5,007 | €7,152 | +€2,145 | +42.8% |
| Taxes | 450/3 | €5,007 | €7,112 | +€2,105 | +42.0% |
| Remuneration and social security | 454/9 | - | €39 | +€39 | |
| Other amounts payable | 47/48 | €14,643 | - | -€14,643 | |
| Accrued charges and deferred income | 492/3 | - | €1,300 | +€1,300 | |
| Remuneration, social security and pensions | 62 | €153 | €2,965 | +€2,811 | +1,832% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,325 | €1,302 | -€23 | -1.7% |
| Other operating charges | 640/8 | €1,330 | €691 | -€639 | -48.1% |
| Gross operating margin | 9900 | €6,492 | €15,052 | +€8,560 | +132% |
| Operating profit (loss) | 9901 | €3,684 | €10,094 | +€6,411 | +174% |
| Financial charges | 65/66B | €207 | €121 | -€86 | -41.6% |
| Recurring financial charges | 65 | €207 | €121 | -€86 | -41.6% |
| Profit (loss) for the period before taxes | 9903 | €3,476 | €9,973 | +€6,497 | +187% |
| Income taxes | 67/77 | €30 | €75 | +€45 | +152% |
| Profit (loss) for the period | 9904 | €3,447 | €9,899 | +€6,452 | +187% |
| Profit (loss) for the period to be appropriated | 9905 | €3,447 | €9,899 | +€6,452 | +187% |
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.