Mada 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.
Mada Solutions
Largest movements
- Cash -€56,958
down €56,958 (-87.4%), from €65,142 to €8,184
mainly Receivables within one year (-€26,167) and Trade debts (-€26,092)
- Receivables within one year +€26,167
up €26,167 (+587.5%), from €4,454 to €30,621
of which Trade receivables: +€22,506
- Trade debts -€26,092
down €26,092 (-85.2%), from €30,621 to €4,529
- Profit (loss) carried forward -€14,602
down €14,602 (-39.6%), from €36,840 to €22,239
- Tax, wage and social debts +€9,787
up €9,787 (+82.1%), from €11,915 to €21,702
of which Remuneration and social security: +€7,982
- Staff costs +€30,189
new in 2025: €30,189
- Gross operating margin -€29,615
down €29,615 (-58.2%), from €50,925 to €21,310
- Taxes -€9,518
no longer reported in 2025 (was €9,518)
- Other operating charges +€1,001
up €1,001 (+158.1%), from €633 to €1,634
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.
Cash bridge derived
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 | €81,876 | €50,970 | -€30,907 | -37.7% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €12,280 | €12,164 | -€116 | -0.9% |
| Tangible fixed assets | 22/27 | €12,280 | €12,164 | -€116 | -0.9% |
| Plant, machinery and equipment | 23 | - | €2,791 | +€2,791 | |
| Furniture and vehicles | 24 | €12,280 | €9,373 | -€2,907 | -23.7% |
| Current assets | 29/58 | €69,596 | €38,805 | -€30,791 | -44.2% |
| Amounts receivable within one year | 40/41 | €4,454 | €30,621 | +€26,167 | +587.5% |
| Trade receivables | 40 | - | €22,506 | +€22,506 | |
| Other amounts receivable | 41 | €4,454 | €8,115 | +€3,661 | +82.2% |
| Cash at bank and in hand | 54/58 | €65,142 | €8,184 | -€56,958 | -87.4% |
| Total equity and liabilities | 10/49 | €81,876 | €50,970 | -€30,907 | -37.7% |
| Equity | 10/15 | €39,340 | €24,739 | -€14,602 | -37.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,840 | €22,239 | -€14,602 | -39.6% |
| Amounts payable | 17/49 | €42,536 | €26,231 | -€16,305 | -38.3% |
| Amounts payable within one year | 42/48 | €42,536 | €26,231 | -€16,305 | -38.3% |
| Trade debts | 44 | €30,621 | €4,529 | -€26,092 | -85.2% |
| Suppliers | 440/4 | €30,621 | €4,529 | -€26,092 | -85.2% |
| Taxes, remuneration and social security | 45 | €11,915 | €21,702 | +€9,787 | +82.1% |
| Taxes | 450/3 | €11,915 | €13,719 | +€1,804 | +15.1% |
| Remuneration and social security | 454/9 | - | €7,982 | +€7,982 | |
| Remuneration, social security and pensions | 62 | - | €30,189 | +€30,189 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,725 | €3,973 | +€248 | +6.7% |
| Other operating charges | 640/8 | €633 | €1,634 | +€1,001 | +158.1% |
| Gross operating margin | 9900 | €50,925 | €21,310 | -€29,615 | -58.2% |
| Operating profit (loss) | 9901 | €46,567 | -€14,485 | -€61,052 | |
| Financial income | 75/76B | €3 | €1 | -€2 | -79.0% |
| Recurring financial income | 75 | €3 | €1 | -€2 | -79.0% |
| Financial charges | 65/66B | €211 | €118 | -€94 | -44.3% |
| Recurring financial charges | 65 | €211 | €118 | -€94 | -44.3% |
| Profit (loss) for the period before taxes | 9903 | €46,359 | -€14,602 | -€60,960 | |
| Income taxes | 67/77 | €9,518 | - | -€9,518 | |
| Profit (loss) for the period | 9904 | €36,840 | -€14,602 | -€51,442 | |
| Profit (loss) for the period to be appropriated | 9905 | €36,840 | -€14,602 | -€51,442 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.