MAD BUSINESS: what changed
MAD BUSINESS
Largest movements
- Stocks and contracts +€15,228
up €15,228 (+1,025%), from €1,485 to €16,713
- Receivables within one year -€1,185
down €1,185 (-51.9%), from €2,285 to €1,100
of which Trade receivables: -€950
- Other debts +€5,845
up €5,845 (+17.6%), from €33,175 to €39,020
- Tax, wage and social debts +€4,660
up €4,660 (+12,840%), from €36 to €4,696
- Trade debts +€2,784
up €2,784 (+289%), from €963 to €3,747
- Profit (loss) carried forward +€279
up €279 (+0.7%), from -€37,226 to -€36,947
- Accrued charges and deferred income +€200
new in 2025: €200
- Purchases and services -€14,966
no longer reported in 2025 (was €14,966)
- Gross operating margin +€8,812
up €8,812, from -€7,677 to €1,135
- Turnover -€7,649
no longer reported in 2025 (was €7,649)
- Other operating charges +€184
up €184 (+45.5%), from €403 to €587
- Financial charges +€83
up €83 (+148%), from €56 to €139
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,093 | €17,860 | +€13,768 | +336% |
| Fixed assets | 21/28 | €134 | - | -€134 | |
| Tangible fixed assets | 22/27 | €134 | - | -€134 | |
| Furniture and vehicles | 24 | €134 | - | -€134 | |
| Current assets | 29/58 | €3,958 | €17,860 | +€13,902 | +351% |
| Stocks and contracts in progress | 3 | €1,485 | €16,713 | +€15,228 | +1,025% |
| Stocks | 30/36 | €1,485 | €16,713 | +€15,228 | +1,025% |
| Amounts receivable within one year | 40/41 | €2,285 | €1,100 | -€1,185 | -51.9% |
| Trade receivables | 40 | €2,050 | €1,100 | -€950 | -46.4% |
| Other amounts receivable | 41 | €235 | - | -€235 | |
| Cash at bank and in hand | 54/58 | €188 | €47 | -€140 | -74.8% |
| Total equity and liabilities | 10/49 | €4,093 | €17,860 | +€13,768 | +336% |
| Equity | 10/15 | -€30,082 | -€29,803 | +€279 | +0.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | - | -€6,200 | |
| Other | 1109/19 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €944 | €944 | = | 0.0% |
| Distributable reserves | 133 | €944 | €944 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,226 | -€36,947 | +€279 | +0.7% |
| Amounts payable | 17/49 | €34,175 | €47,664 | +€13,489 | +39.5% |
| Amounts payable within one year | 42/48 | €34,175 | €47,464 | +€13,289 | +38.9% |
| Trade debts | 44 | €963 | €3,747 | +€2,784 | +289% |
| Suppliers | 440/4 | €963 | €3,747 | +€2,784 | +289% |
| Taxes, remuneration and social security | 45 | €36 | €4,696 | +€4,660 | +12,840% |
| Taxes | 450/3 | €36 | €4,696 | +€4,660 | +12,840% |
| Other amounts payable | 47/48 | €33,175 | €39,020 | +€5,845 | +17.6% |
| Accrued charges and deferred income | 492/3 | - | €200 | +€200 | |
| Turnover | 70 | €7,649 | - | -€7,649 | |
| Goods, raw materials, services and sundry goods | 60/61 | €14,966 | - | -€14,966 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €134 | €134 | = | 0.0% |
| Other operating charges | 640/8 | €403 | €587 | +€184 | +45.5% |
| Gross operating margin | 9900 | -€7,677 | €1,135 | +€8,812 | |
| Operating profit (loss) | 9901 | -€8,215 | €413 | +€8,628 | |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Financial charges | 65/66B | €56 | €139 | +€83 | +148% |
| Recurring financial charges | 65 | €56 | €139 | +€83 | +148% |
| Profit (loss) for the period before taxes | 9903 | -€8,271 | €279 | +€8,550 | |
| Profit (loss) for the period | 9904 | -€8,271 | €279 | +€8,550 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,271 | €279 | +€8,550 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.