MAD Solutions: 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.
MAD Solutions
Largest movements
- Cash -€28,921
down €28,921 (-70.4%), from €41,087 to €12,166
mainly Net result for the year (-€30,914) and Tax, wage and social debts (-€12,778)
- Receivables within one year -€17,402
down €17,402 (-46.4%), from €37,497 to €20,095
of which Trade receivables: -€36,277
- Profit (loss) carried forward -€30,914
new in 2024: -€30,914
- Tax, wage and social debts -€12,778
down €12,778 (-63.9%), from €19,989 to €7,211
- Trade debts -€2,631
down €2,631 (-94.8%), from €2,777 to €145
- Gross operating margin -€62,643
down €62,643, from €35,165 to -€27,479
- Taxes -€6,642
down €6,642 (-95.9%), from €6,926 to €285
- Financial charges +€798
up €798 (+34.2%), from €2,332 to €3,130
- Other operating charges -€589
down €589 (-64.5%), from €912 to €323
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 | €78,584 | €32,261 | -€46,323 | -58.9% |
| Current assets | 29/58 | €78,584 | €32,261 | -€46,323 | -58.9% |
| Amounts receivable within one year | 40/41 | €37,497 | €20,095 | -€17,402 | -46.4% |
| Trade receivables | 40 | €37,026 | €749 | -€36,277 | -98.0% |
| Other amounts receivable | 41 | €471 | €19,346 | +€18,875 | +4009.6% |
| Cash at bank and in hand | 54/58 | €41,087 | €12,166 | -€28,921 | -70.4% |
| Total equity and liabilities | 10/49 | €78,584 | €32,261 | -€46,323 | -58.9% |
| Equity | 10/15 | €55,818 | €24,904 | -€30,914 | -55.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €53,818 | €53,818 | = | 0.0% |
| Distributable reserves | 133 | €53,818 | €53,818 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€30,914 | -€30,914 | |
| Amounts payable | 17/49 | €22,766 | €7,356 | -€15,409 | -67.7% |
| Amounts payable within one year | 42/48 | €22,766 | €7,356 | -€15,409 | -67.7% |
| Trade debts | 44 | €2,777 | €145 | -€2,631 | -94.8% |
| Suppliers | 440/4 | €2,777 | €145 | -€2,631 | -94.8% |
| Taxes, remuneration and social security | 45 | €19,989 | €7,211 | -€12,778 | -63.9% |
| Taxes | 450/3 | €19,989 | €7,211 | -€12,778 | -63.9% |
| Remuneration, social security and pensions | 62 | €135 | €41 | -€94 | -69.5% |
| Other operating charges | 640/8 | €912 | €323 | -€589 | -64.5% |
| Gross operating margin | 9900 | €35,165 | -€27,479 | -€62,643 | |
| Operating profit (loss) | 9901 | €34,117 | -€27,843 | -€61,960 | |
| Financial income | 75/76B | - | €344 | +€344 | |
| Recurring financial income | 75 | - | €344 | +€344 | |
| Financial charges | 65/66B | €2,332 | €3,130 | +€798 | +34.2% |
| Recurring financial charges | 65 | €2,332 | €3,130 | +€798 | +34.2% |
| Profit (loss) for the period before taxes | 9903 | €31,786 | -€30,629 | -€62,414 | |
| Income taxes | 67/77 | €6,926 | €285 | -€6,642 | -95.9% |
| Profit (loss) for the period | 9904 | €24,859 | -€30,914 | -€55,773 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,859 | -€30,914 | -€55,773 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.