MADAIN: 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.
MADAIN
Largest movements
- Tangible fixed assets -€5,125
down €5,125 (-85.5%), from €5,996 to €871
- Stocks and contracts +€4,640
up €4,640 (+11.4%), from €40,581 to €45,221
- Cash -€3,664
down €3,664 (-38.1%), from €9,626 to €5,962
mainly Trade debts (-€6,431) and Stocks and contracts (-€4,640)
- Receivables within one year -€3,384
down €3,384 (-38.6%), from €8,778 to €5,394
- Trade debts -€6,431
down €6,431 (-56.5%), from €11,375 to €4,944
- Current portion of long-term debt -€2,863
down €2,863 (-74.7%), from €3,831 to €969
- Tax, wage and social debts +€1,433
up €1,433 (+197.0%), from €727 to €2,160
- Profit (loss) carried forward +€1,296
up €1,296 (+22.1%), from -€5,856 to -€4,560
- Debts after one year -€969
no longer reported in 2024 (was €969)
- Gross operating margin +€5,252
up €5,252 (+76.0%), from €6,911 to €12,162
- Taxes +€1,190
up €1,190 (+438.1%), from €272 to €1,461
- Financial charges +€623
up €623 (+25.8%), from €2,413 to €3,036
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 | €64,981 | €57,447 | -€7,534 | -11.6% |
| Fixed assets | 21/28 | €5,996 | €871 | -€5,125 | -85.5% |
| Tangible fixed assets | 22/27 | €5,996 | €871 | -€5,125 | -85.5% |
| Furniture and vehicles | 24 | €5,996 | €871 | -€5,125 | -85.5% |
| Current assets | 29/58 | €58,986 | €56,577 | -€2,409 | -4.1% |
| Stocks and contracts in progress | 3 | €40,581 | €45,221 | +€4,640 | +11.4% |
| Stocks | 30/36 | €40,581 | €45,221 | +€4,640 | +11.4% |
| Amounts receivable within one year | 40/41 | €8,778 | €5,394 | -€3,384 | -38.6% |
| Other amounts receivable | 41 | €8,778 | €5,394 | -€3,384 | -38.6% |
| Cash at bank and in hand | 54/58 | €9,626 | €5,962 | -€3,664 | -38.1% |
| Total equity and liabilities | 10/49 | €64,981 | €57,447 | -€7,534 | -11.6% |
| Equity | 10/15 | €48,078 | €49,374 | +€1,296 | +2.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €35,334 | €35,334 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2 | €2 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2 | €2 | = | 0.0% |
| Distributable reserves | 133 | €35,332 | €35,332 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,856 | -€4,560 | +€1,296 | +22.1% |
| Amounts payable | 17/49 | €16,903 | €8,073 | -€8,830 | -52.2% |
| Amounts payable after more than one year | 17 | €969 | - | -€969 | |
| Financial debts | 170/4 | €969 | - | -€969 | |
| Amounts payable within one year | 42/48 | €15,934 | €8,073 | -€7,861 | -49.3% |
| Current portion of amounts payable after more than one year | 42 | €3,831 | €969 | -€2,863 | -74.7% |
| Trade debts | 44 | €11,375 | €4,944 | -€6,431 | -56.5% |
| Suppliers | 440/4 | €11,375 | €4,944 | -€6,431 | -56.5% |
| Taxes, remuneration and social security | 45 | €727 | €2,160 | +€1,433 | +197.0% |
| Taxes | 450/3 | €727 | €2,160 | +€1,433 | +197.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,125 | €5,125 | = | 0.0% |
| Other operating charges | 640/8 | €1,172 | €1,245 | +€72 | +6.2% |
| Gross operating margin | 9900 | €6,911 | €12,162 | +€5,252 | +76.0% |
| Operating profit (loss) | 9901 | €614 | €5,793 | +€5,179 | +844.2% |
| Financial income | 75/76B | €14 | €0 | -€14 | -99.3% |
| Recurring financial income | 75 | €14 | €0 | -€14 | -99.3% |
| Financial charges | 65/66B | €2,413 | €3,036 | +€623 | +25.8% |
| Recurring financial charges | 65 | €2,413 | €3,036 | +€623 | +25.8% |
| Profit (loss) for the period before taxes | 9903 | -€1,786 | €2,757 | +€4,543 | |
| Income taxes | 67/77 | €272 | €1,461 | +€1,190 | +438.1% |
| Profit (loss) for the period | 9904 | -€2,057 | €1,296 | +€3,353 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,057 | €1,296 | +€3,353 |
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 30 September 2026 via checked.be.