MAD DREAM: 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 DREAM
Largest movements
- Tangible fixed assets +€42,876
up €42,876 (+232%), from €18,450 to €61,326
of which Land and buildings: +€38,015
- Cash -€4,664
down €4,664 (-99.6%), from €4,683 to €19
mainly Investment in fixed assets (net) (-€58,614) and Net result for the year (-€9,839)
- Deferred charges and accrued income -€983
down €983 (-48.5%), from €2,029 to €1,046
- Debts after one year +€40,821
new in 2025: €40,821
- Profit (loss) carried forward -€9,839
down €9,839 (-65.2%), from €15,092 to €5,253
- Other debts +€4,743
up €4,743, from €0 to €4,743
- Current portion of long-term debt +€2,420
new in 2025: €2,420
- Tax, wage and social debts -€2,238
down €2,238 (-34.2%), from €6,546 to €4,308
- Depreciation +€12,273
up €12,273 (+354%), from €3,464 to €15,738
- Gross operating margin -€7,175
down €7,175 (-42.1%), from €17,059 to €9,884
- Taxes -€2,460
down €2,460 (-90.7%), from €2,714 to €253
- Financial charges +€2,295
up €2,295 (+178%), from €1,289 to €3,583
- Other operating charges -€2,208
down €2,208 (-93.6%), from €2,360 to €152
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 | €25,516 | €62,550 | +€37,035 | +145% |
| Fixed assets | 21/28 | €18,450 | €61,326 | +€42,876 | +232% |
| Tangible fixed assets | 22/27 | €18,450 | €61,326 | +€42,876 | +232% |
| Land and buildings | 22 | €11,989 | €50,005 | +€38,015 | +317% |
| Plant, machinery and equipment | 23 | €1,178 | €7,821 | +€6,643 | +564% |
| Furniture and vehicles | 24 | €5,283 | €3,501 | -€1,782 | -33.7% |
| Current assets | 29/58 | €7,066 | €1,224 | -€5,842 | -82.7% |
| Amounts receivable within one year | 40/41 | €354 | €159 | -€194 | -55.0% |
| Trade receivables | 40 | €43 | - | -€43 | |
| Other amounts receivable | 41 | €311 | €159 | -€151 | -48.7% |
| Cash at bank and in hand | 54/58 | €4,683 | €19 | -€4,664 | -99.6% |
| Deferred charges and accrued income | 490/1 | €2,029 | €1,046 | -€983 | -48.5% |
| Total equity and liabilities | 10/49 | €25,516 | €62,550 | +€37,035 | +145% |
| Equity | 10/15 | €17,592 | €7,753 | -€9,839 | -55.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,092 | €5,253 | -€9,839 | -65.2% |
| Amounts payable | 17/49 | €7,924 | €54,798 | +€46,874 | +592% |
| Amounts payable after more than one year | 17 | - | €40,821 | +€40,821 | |
| Financial debts | 170/4 | - | €40,821 | +€40,821 | |
| Amounts payable within one year | 42/48 | €7,924 | €13,977 | +€6,053 | +76.4% |
| Current portion of amounts payable after more than one year | 42 | - | €2,420 | +€2,420 | |
| Trade debts | 44 | €1,378 | €2,505 | +€1,127 | +81.8% |
| Suppliers | 440/4 | €1,378 | €2,505 | +€1,127 | +81.8% |
| Taxes, remuneration and social security | 45 | €6,546 | €4,308 | -€2,238 | -34.2% |
| Taxes | 450/3 | €6,546 | €4,308 | -€2,238 | -34.2% |
| Other amounts payable | 47/48 | €0 | €4,743 | +€4,743 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,464 | €15,738 | +€12,273 | +354% |
| Other operating charges | 640/8 | €2,360 | €152 | -€2,208 | -93.6% |
| Gross operating margin | 9900 | €17,059 | €9,884 | -€7,175 | -42.1% |
| Operating profit (loss) | 9901 | €11,234 | -€6,006 | -€17,240 | |
| Financial income | 75/76B | €65 | €3 | -€62 | -95.3% |
| Recurring financial income | 75 | €65 | €3 | -€62 | -95.3% |
| Financial charges | 65/66B | €1,289 | €3,583 | +€2,295 | +178% |
| Recurring financial charges | 65 | €1,289 | €3,583 | +€2,295 | +178% |
| Profit (loss) for the period before taxes | 9903 | €10,011 | -€9,586 | -€19,597 | |
| Income taxes | 67/77 | €2,714 | €253 | -€2,460 | -90.7% |
| Profit (loss) for the period | 9904 | €7,297 | -€9,839 | -€17,137 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,297 | -€9,839 | -€17,137 |
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.