Maad Shop: 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.
Maad Shop
Largest movements
- Cash +€29,267
up €29,267 (+104%), from €28,050 to €57,317
mainly Net result for the year (+€28,122) and Tax, wage and social debts (+€15,329)
- Receivables within one year +€18,387
up €18,387 (+338%), from €5,434 to €23,821
of which Trade receivables: +€11,058
- Tangible fixed assets +€4,216
up €4,216 (+431%), from €977 to €5,193
of which Furniture and vehicles: +€4,878
- Stocks and contracts +€3,522
up €3,522 (+117%), from €3,020 to €6,542
- Reserves +€28,122
new in 2025: €28,122
- Tax, wage and social debts +€15,329
up €15,329 (+420%), from €3,648 to €18,977
of which Taxes: +€15,543
- Trade debts +€12,062
up €12,062 (+1,864%), from €647 to €12,709
- Turnover -€181,816
no longer reported in 2025 (was €181,816)
- Purchases and services -€149,661
no longer reported in 2025 (was €149,661)
- Gross operating margin +€31,110
up €31,110 (+84.8%), from €36,688 to €67,799
- Taxes +€14,025
up €14,025 (+5,580%), from €251 to €14,277
- Depreciation +€1,963
up €1,963 (+239%), from €822 to €2,784
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 | €43,447 | €98,960 | +€55,513 | +128% |
| Fixed assets | 21/28 | €6,192 | €10,408 | +€4,216 | +68.1% |
| Tangible fixed assets | 22/27 | €977 | €5,193 | +€4,216 | +431% |
| Plant, machinery and equipment | 23 | €977 | €316 | -€662 | -67.7% |
| Furniture and vehicles | 24 | - | €4,878 | +€4,878 | |
| Financial fixed assets | 28 | €5,215 | €5,215 | = | 0.0% |
| Current assets | 29/58 | €37,254 | €88,552 | +€51,297 | +138% |
| Stocks and contracts in progress | 3 | €3,020 | €6,542 | +€3,522 | +117% |
| Stocks | 30/36 | €3,020 | €6,542 | +€3,522 | +117% |
| Amounts receivable within one year | 40/41 | €5,434 | €23,821 | +€18,387 | +338% |
| Trade receivables | 40 | €1,417 | €12,475 | +€11,058 | +780% |
| Other amounts receivable | 41 | €4,016 | €11,346 | +€7,330 | +183% |
| Cash at bank and in hand | 54/58 | €28,050 | €57,317 | +€29,267 | +104% |
| Deferred charges and accrued income | 490/1 | €751 | €872 | +€121 | +16.2% |
| Total equity and liabilities | 10/49 | €43,447 | €98,960 | +€55,513 | +128% |
| Equity | 10/15 | €39,152 | €67,274 | +€28,122 | +71.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €28,122 | +€28,122 | |
| Distributable reserves | 133 | - | €28,122 | +€28,122 | |
| Profit (loss) carried forward | 14 | €20,552 | €20,552 | = | 0.0% |
| Amounts payable | 17/49 | €4,295 | €31,686 | +€27,391 | +638% |
| Amounts payable within one year | 42/48 | €4,295 | €31,686 | +€27,391 | +638% |
| Trade debts | 44 | €647 | €12,709 | +€12,062 | +1,864% |
| Suppliers | 440/4 | €647 | €12,709 | +€12,062 | +1,864% |
| Taxes, remuneration and social security | 45 | €3,648 | €18,977 | +€15,329 | +420% |
| Taxes | 450/3 | €1,154 | €16,697 | +€15,543 | +1,347% |
| Remuneration and social security | 454/9 | €2,494 | €2,280 | -€214 | -8.6% |
| Turnover | 70 | €181,816 | - | -€181,816 | |
| Goods, raw materials, services and sundry goods | 60/61 | €149,661 | - | -€149,661 | |
| Remuneration, social security and pensions | 62 | €17,372 | €18,998 | +€1,625 | +9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €822 | €2,784 | +€1,963 | +239% |
| Other operating charges | 640/8 | €1,217 | €3,129 | +€1,912 | +157% |
| Gross operating margin | 9900 | €36,688 | €67,799 | +€31,110 | +84.8% |
| Operating profit (loss) | 9901 | €17,277 | €42,888 | +€25,611 | +148% |
| Financial income | 75/76B | €224 | €362 | +€139 | +62.0% |
| Recurring financial income | 75 | €224 | €362 | +€139 | +62.0% |
| Financial charges | 65/66B | €309 | €851 | +€542 | +175% |
| Recurring financial charges | 65 | €309 | €851 | +€542 | +175% |
| Profit (loss) for the period before taxes | 9903 | €17,191 | €42,399 | +€25,207 | +147% |
| Income taxes | 67/77 | €251 | €14,277 | +€14,025 | +5,580% |
| Profit (loss) for the period | 9904 | €16,940 | €28,122 | +€11,182 | +66.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,940 | €28,122 | +€11,182 | +66.0% |
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 19 October 2026 via checked.be.