MAAD & CO: what changed
Two fiscal 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.
MAAD & CO
Largest movements
- Cash -€4,548
down €4,548 (-75.3%), from €6,036 to €1,488
mainly Net result for the year (-€56,689) and Tax, wage and social debts (-€5,000)
- Receivables within one year +€2,967
up €2,967 (+66.8%), from €4,443 to €7,410
of which Other amounts receivable: +€2,144
- Other debts +€63,052
up €63,052 (+80.5%), from €78,286 to €141,338
- Profit (loss) carried forward -€56,689
down €56,689 (-55.7%), from -€101,713 to -€158,403
- Tax, wage and social debts -€5,000
down €5,000 (-99.3%), from €5,034 to €34
of which Remuneration and social security: -€5,000
- Trade debts -€2,956
down €2,956 (-88.1%), from €3,357 to €401
- Gross operating margin +€13,559
up €13,559 (+19.3%), from -€70,090 to -€56,531
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.
Cash bridge derived
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 | €10,479 | €8,898 | -€1,581 | -15.1% |
| Current assets | 29/58 | €10,479 | €8,898 | -€1,581 | -15.1% |
| Amounts receivable within one year | 40/41 | €4,443 | €7,410 | +€2,967 | +66.8% |
| Trade receivables | 40 | - | €823 | +€823 | |
| Other amounts receivable | 41 | €4,443 | €6,587 | +€2,144 | +48.3% |
| Cash at bank and in hand | 54/58 | €6,036 | €1,488 | -€4,548 | -75.3% |
| Total equity and liabilities | 10/49 | €10,479 | €8,898 | -€1,581 | -15.1% |
| Equity | 10/15 | -€76,713 | -€133,403 | -€56,689 | -73.9% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€101,713 | -€158,403 | -€56,689 | -55.7% |
| Amounts payable | 17/49 | €87,192 | €142,301 | +€55,109 | +63.2% |
| Amounts payable within one year | 42/48 | €86,677 | €141,773 | +€55,096 | +63.6% |
| Trade debts | 44 | €3,357 | €401 | -€2,956 | -88.1% |
| Suppliers | 440/4 | €3,357 | €401 | -€2,956 | -88.1% |
| Taxes, remuneration and social security | 45 | €5,034 | €34 | -€5,000 | -99.3% |
| Taxes | 450/3 | €34 | €34 | = | 0.0% |
| Remuneration and social security | 454/9 | €5,000 | - | -€5,000 | |
| Other amounts payable | 47/48 | €78,286 | €141,338 | +€63,052 | +80.5% |
| Accrued charges and deferred income | 492/3 | €515 | €528 | +€13 | +2.5% |
| Gross operating margin | 9900 | -€70,090 | -€56,531 | +€13,559 | +19.3% |
| Operating profit (loss) | 9901 | -€70,090 | -€56,531 | +€13,559 | +19.3% |
| Financial charges | 65/66B | €137 | €158 | +€21 | +15.5% |
| Recurring financial charges | 65 | €137 | €158 | +€21 | +15.5% |
| Profit (loss) for the period before taxes | 9903 | -€70,227 | -€56,689 | +€13,537 | +19.3% |
| Profit (loss) for the period | 9904 | -€70,227 | -€56,689 | +€13,537 | +19.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€70,227 | -€56,689 | +€13,537 | +19.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.