MA.DE.NA SERVICES: 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.
MA.DE.NA SERVICES
Largest movements
- Receivables within one year -€3,624
down €3,624 (-83.4%), from €4,346 to €722
of which Trade receivables: -€3,610
- Cash +€1,178
up €1,178 (+29.0%), from €4,064 to €5,242
mainly Receivables within one year (+€3,624) and Accrued charges and deferred income (+€2,000)
- Stocks and contracts +€119
up €119 (+21.5%), from €555 to €674
- Trade debts -€7,876
down €7,876 (-46.3%), from €17,011 to €9,135
- Accrued charges and deferred income +€2,000
new in 2025: €2,000
- Profit (loss) carried forward +€1,909
up €1,909 (+5.0%), from -€38,126 to -€36,218
- Other debts +€1,006
new in 2025: €1,006
- Tax, wage and social debts +€641
up €641 (+24.6%), from €2,609 to €3,251
- Gross operating margin +€2,105
up €2,105 (+198%), from €1,064 to €3,169
- Financial charges +€456
up €456 (+244%), from €187 to €642
- Other operating charges -€205
down €205 (-24.9%), from €823 to €618
- Financial income -€67
down €67 (-99.9%), from €67 to €0
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 | €10,296 | €7,976 | -€2,320 | -22.5% |
| Fixed assets | 21/28 | €1,100 | €1,100 | = | 0.0% |
| Financial fixed assets | 28 | €1,100 | €1,100 | = | 0.0% |
| Current assets | 29/58 | €9,196 | €6,876 | -€2,320 | -25.2% |
| Stocks and contracts in progress | 3 | €555 | €674 | +€119 | +21.5% |
| Stocks | 30/36 | €555 | €674 | +€119 | +21.5% |
| Amounts receivable within one year | 40/41 | €4,346 | €722 | -€3,624 | -83.4% |
| Trade receivables | 40 | €4,332 | €722 | -€3,610 | -83.3% |
| Other amounts receivable | 41 | €14 | - | -€14 | |
| Cash at bank and in hand | 54/58 | €4,064 | €5,242 | +€1,178 | +29.0% |
| Deferred charges and accrued income | 490/1 | €231 | €238 | +€7 | +3.0% |
| Total equity and liabilities | 10/49 | €10,296 | €7,976 | -€2,320 | -22.5% |
| Equity | 10/15 | -€31,926 | -€30,018 | +€1,909 | +6.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,126 | -€36,218 | +€1,909 | +5.0% |
| Amounts payable | 17/49 | €42,222 | €37,993 | -€4,229 | -10.0% |
| Amounts payable after more than one year | 17 | €22,601 | €22,601 | = | 0.0% |
| Other amounts payable | 178/9 | €22,601 | €22,601 | = | 0.0% |
| Amounts payable within one year | 42/48 | €19,621 | €13,392 | -€6,229 | -31.7% |
| Trade debts | 44 | €17,011 | €9,135 | -€7,876 | -46.3% |
| Suppliers | 440/4 | €17,011 | €9,135 | -€7,876 | -46.3% |
| Taxes, remuneration and social security | 45 | €2,609 | €3,251 | +€641 | +24.6% |
| Taxes | 450/3 | €2,609 | €3,251 | +€641 | +24.6% |
| Other amounts payable | 47/48 | - | €1,006 | +€1,006 | |
| Accrued charges and deferred income | 492/3 | - | €2,000 | +€2,000 | |
| Other operating charges | 640/8 | €823 | €618 | -€205 | -24.9% |
| Gross operating margin | 9900 | €1,064 | €3,169 | +€2,105 | +198% |
| Operating profit (loss) | 9901 | €240 | €2,551 | +€2,310 | +961% |
| Financial income | 75/76B | €67 | €0 | -€67 | -99.9% |
| Recurring financial income | 75 | €67 | €0 | -€67 | -99.9% |
| Financial charges | 65/66B | €187 | €642 | +€456 | +244% |
| Recurring financial charges | 65 | €187 | €642 | +€456 | +244% |
| Profit (loss) for the period before taxes | 9903 | €121 | €1,909 | +€1,788 | +1,480% |
| Profit (loss) for the period | 9904 | €121 | €1,909 | +€1,788 | +1,480% |
| Profit (loss) for the period to be appropriated | 9905 | €121 | €1,909 | +€1,788 | +1,480% |
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 23 October 2026 via checked.be.