MADAME: 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.
What changed
MADAME
NACE 47.716, Retail sale of clothing and accessories for women, men, children and babies (general range)
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€808
2024 · €42,712-€41,904
Equity
€547,796
2024 · €546,987+€808
Cash
€9,184
2024 · €3,320+€5,864
Balance sheet total
€2.0m
2024 · €1.9m+€45,290
Largest movements
Assets
- Stocks and contracts +€25,045
up €25,045 (+1.3%), from €1.9m to €1.9m
Equity and liabilities
- Other debts +€35,016
up €35,016 (+14.5%), from €241,464 to €276,479
Income statement
- Write-downs +€35,896
up €35,896, from -€4,188 to €31,708
- Gross operating margin -€17,702
down €17,702 (-12.6%), from €140,540 to €122,838
- Taxes -€12,299
down €12,299 (-94.8%), from €12,970 to €672
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.
Result 2024
€42,712
Gross operating margin
-€17,702
Staff costs
-€728
Write-downs
-€35,896
Other operating charges
-€31
Financial income
+€119
Financial charges
+€35
Taxes
+€12,299
Result 2025
€808
raises the resultlowers the result
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.
From operations
+€5,864
Investment
€0
Financing
€0
Cash 2024
€3,320
From operations (derived)
+€5,864
Net result for the year
+€808
Depreciation
+€141
Stocks and contracts
-€25,045
Receivables within one year
-€18,570
Deferred charges and accrued income
+€4,048
Trade debts
+€3,577
Tax, wage and social debts
+€5,889
Other debts
+€35,016
Cash 2025
€9,184
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,921,089 | €1,966,379 | +€45,290 | +2.4% |
| Fixed assets | 21/28 | €214 | €73 | -€141 | -66.0% |
| Tangible fixed assets | 22/27 | €214 | €73 | -€141 | -66.0% |
| Furniture and vehicles | 24 | €214 | €73 | -€141 | -66.0% |
| Current assets | 29/58 | €1,920,874 | €1,966,306 | +€45,431 | +2.4% |
| Stocks and contracts in progress | 3 | €1,910,719 | €1,935,764 | +€25,045 | +1.3% |
| Stocks | 30/36 | €1,910,719 | €1,935,764 | +€25,045 | +1.3% |
| Amounts receivable within one year | 40/41 | €2,750 | €21,321 | +€18,570 | +675% |
| Trade receivables | 40 | €721 | €19,291 | +€18,570 | +2,576% |
| Other amounts receivable | 41 | €2,030 | €2,030 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €3,320 | €9,184 | +€5,864 | +177% |
| Deferred charges and accrued income | 490/1 | €4,086 | €38 | -€4,048 | -99.1% |
| Total equity and liabilities | 10/49 | €1,921,089 | €1,966,379 | +€45,290 | +2.4% |
| Equity | 10/15 | €546,987 | €547,796 | +€808 | +0.1% |
| Contributions | 10/11 | €381,920 | €381,920 | = | 0.0% |
| Capital | 10 | €381,920 | €381,920 | = | 0.0% |
| Issued capital | 100 | €381,920 | €381,920 | = | 0.0% |
| Reserves | 13 | €38,192 | €38,192 | = | 0.0% |
| Non-distributable reserves | 130/1 | €38,192 | €38,192 | = | 0.0% |
| Legal reserve | 130 | €38,192 | €38,192 | = | 0.0% |
| Profit (loss) carried forward | 14 | €126,875 | €127,684 | +€808 | +0.6% |
| Amounts payable | 17/49 | €1,374,101 | €1,418,583 | +€44,482 | +3.2% |
| Amounts payable after more than one year | 17 | €1,084,320 | €1,084,320 | = | 0.0% |
| Financial debts | 170/4 | €1,084,320 | €1,084,320 | = | 0.0% |
| Amounts payable within one year | 42/48 | €289,781 | €334,263 | +€44,482 | +15.4% |
| Trade debts | 44 | €18,840 | €22,417 | +€3,577 | +19.0% |
| Suppliers | 440/4 | €18,840 | €22,417 | +€3,577 | +19.0% |
| Taxes, remuneration and social security | 45 | €29,477 | €35,366 | +€5,889 | +20.0% |
| Taxes | 450/3 | €13,114 | €15,485 | +€2,372 | +18.1% |
| Remuneration and social security | 454/9 | €16,364 | €19,881 | +€3,517 | +21.5% |
| Other amounts payable | 47/48 | €241,464 | €276,479 | +€35,016 | +14.5% |
| Remuneration, social security and pensions | 62 | €87,594 | €88,322 | +€728 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €141 | €141 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€4,188 | €31,708 | +€35,896 | |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | €140,540 | €122,838 | -€17,702 | -12.6% |
| Operating profit (loss) | 9901 | €56,025 | €1,668 | -€54,356 | -97.0% |
| Financial income | 75/76B | €191 | €310 | +€119 | +62.2% |
| Recurring financial income | 75 | €191 | €310 | +€119 | +62.2% |
| Financial charges | 65/66B | €533 | €498 | -€35 | -6.5% |
| Recurring financial charges | 65 | €533 | €498 | -€35 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | €55,683 | €1,480 | -€54,203 | -97.3% |
| Income taxes | 67/77 | €12,970 | €672 | -€12,299 | -94.8% |
| Profit (loss) for the period | 9904 | €42,712 | €808 | -€41,904 | -98.1% |
| Profit (loss) for the period to be appropriated | 9905 | €42,712 | €808 | -€41,904 | -98.1% |
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 18 October 2026 via checked.be.