MAD CLASSICS: 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.
MAD CLASSICS
Largest movements
- Cash +€14,353
up €14,353 (+1033.8%), from €1,388 to €15,741
mainly Other debts (+€27,491) and Net result for the year (+€12,412)
- Stocks and contracts -€4,636
down €4,636 (-3.0%), from €155,205 to €150,569
- Tangible fixed assets -€2,698
down €2,698 (-8.2%), from €32,720 to €30,022
- Other debts +€27,491
up €27,491 (+11.7%), from €234,790 to €262,281
- Trade debts -€21,445
no longer reported in 2024 (was €21,445)
- Tax, wage and social debts -€13,042
down €13,042 (-71.4%), from €18,270 to €5,229
- Profit (loss) carried forward +€12,412
up €12,412 (+24.8%), from -€49,986 to -€37,575
- Depreciation -€2,733
down €2,733 (-50.3%), from €5,431 to €2,698
- Other operating charges +€2,313
up €2,313 (+98.3%), from €2,352 to €4,665
- Gross operating margin +€2,218
up €2,218 (+12.9%), from €17,171 to €19,390
- Financial income +€586
new in 2024: €586
- Financial charges -€468
down €468 (-69.9%), from €669 to €201
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €243,769 | €249,185 | +€5,417 | +2.2% |
| Fixed assets | 21/28 | €32,720 | €30,022 | -€2,698 | -8.2% |
| Tangible fixed assets | 22/27 | €32,720 | €30,022 | -€2,698 | -8.2% |
| Furniture and vehicles | 24 | €32,720 | €30,022 | -€2,698 | -8.2% |
| Current assets | 29/58 | €211,049 | €219,163 | +€8,115 | +3.8% |
| Stocks and contracts in progress | 3 | €155,205 | €150,569 | -€4,636 | -3.0% |
| Stocks | 30/36 | €155,205 | €150,569 | -€4,636 | -3.0% |
| Amounts receivable within one year | 40/41 | €54,456 | €52,854 | -€1,602 | -2.9% |
| Trade receivables | 40 | €54,456 | €40,536 | -€13,920 | -25.6% |
| Other amounts receivable | 41 | - | €12,318 | +€12,318 | |
| Cash at bank and in hand | 54/58 | €1,388 | €15,741 | +€14,353 | +1033.8% |
| Total equity and liabilities | 10/49 | €243,769 | €249,185 | +€5,417 | +2.2% |
| Equity | 10/15 | -€30,736 | -€18,325 | +€12,412 | +40.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €650 | €650 | = | 0.0% |
| Non-distributable reserves | 130/1 | €650 | €650 | = | 0.0% |
| Reserves not available under the articles | 1311 | €650 | €650 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,986 | -€37,575 | +€12,412 | +24.8% |
| Amounts payable | 17/49 | €274,505 | €267,510 | -€6,995 | -2.5% |
| Amounts payable within one year | 42/48 | €274,505 | €267,510 | -€6,995 | -2.5% |
| Trade debts | 44 | €21,445 | - | -€21,445 | |
| Suppliers | 440/4 | €21,445 | - | -€21,445 | |
| Taxes, remuneration and social security | 45 | €18,270 | €5,229 | -€13,042 | -71.4% |
| Taxes | 450/3 | €18,270 | €5,229 | -€13,042 | -71.4% |
| Other amounts payable | 47/48 | €234,790 | €262,281 | +€27,491 | +11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,431 | €2,698 | -€2,733 | -50.3% |
| Other operating charges | 640/8 | €2,352 | €4,665 | +€2,313 | +98.3% |
| Gross operating margin | 9900 | €17,171 | €19,390 | +€2,218 | +12.9% |
| Operating profit (loss) | 9901 | €9,389 | €12,027 | +€2,638 | +28.1% |
| Financial income | 75/76B | - | €586 | +€586 | |
| Recurring financial income | 75 | - | €586 | +€586 | |
| Financial charges | 65/66B | €669 | €201 | -€468 | -69.9% |
| Recurring financial charges | 65 | €669 | €201 | -€468 | -69.9% |
| Profit (loss) for the period before taxes | 9903 | €8,719 | €12,412 | +€3,693 | +42.4% |
| Profit (loss) for the period | 9904 | €8,719 | €12,412 | +€3,693 | +42.4% |
| Profit (loss) for the period to be appropriated | 9905 | €8,719 | €12,412 | +€3,693 | +42.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.