Madame Solution: 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.
Madame Solution
Largest movements
- Cash +€48,886
up €48,886 (+3973.0%), from €1,230 to €50,117
mainly Net result for the year (+€48,467) and Other debts (+€45,000)
- Receivables within one year +€17,632
up €17,632 (+167.7%), from €10,513 to €28,146
of which Trade receivables: +€25,340
- Tangible fixed assets -€1,950
down €1,950 (-25.5%), from €7,659 to €5,709
- Other debts +€45,000
new in 2026: €45,000
- Tax, wage and social debts +€20,754
new in 2026: €20,754
- Reserves -€4,474
down €4,474 (-83.5%), from €5,355 to €881
- Trade debts +€2,502
up €2,502 (+1454.4%), from €172 to €2,674
- Gross operating margin +€87,394
up €87,394, from -€25,752 to €61,643
- Taxes +€9,028
up €9,028, from -€623 to €8,404
- Other operating charges -€1,569
down €1,569 (-47.8%), from €3,283 to €1,714
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €20,527 | €84,309 | +€63,782 | +310.7% |
| Formation expenses | 20 | €217 | €0 | -€217 | -100.0% |
| Fixed assets | 21/28 | €8,567 | €5,824 | -€2,743 | -32.0% |
| Intangible fixed assets | 21 | €908 | €114 | -€793 | -87.4% |
| Tangible fixed assets | 22/27 | €7,659 | €5,709 | -€1,950 | -25.5% |
| Furniture and vehicles | 24 | €7,659 | €5,709 | -€1,950 | -25.5% |
| Current assets | 29/58 | €11,744 | €78,485 | +€66,742 | +568.3% |
| Amounts receivable within one year | 40/41 | €10,513 | €28,146 | +€17,632 | +167.7% |
| Trade receivables | 40 | - | €25,340 | +€25,340 | |
| Other amounts receivable | 41 | €10,513 | €2,805 | -€7,708 | -73.3% |
| Cash at bank and in hand | 54/58 | €1,230 | €50,117 | +€48,886 | +3973.0% |
| Deferred charges and accrued income | 490/1 | - | €223 | +€223 | |
| Total equity and liabilities | 10/49 | €20,527 | €84,309 | +€63,782 | +310.7% |
| Equity | 10/15 | €20,355 | €15,881 | -€4,474 | -22.0% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €5,355 | €881 | -€4,474 | -83.5% |
| Distributable reserves | 133 | €5,355 | €881 | -€4,474 | -83.5% |
| Amounts payable | 17/49 | €172 | €68,428 | +€68,256 | +39679.1% |
| Amounts payable within one year | 42/48 | €172 | €68,428 | +€68,256 | +39679.1% |
| Trade debts | 44 | €172 | €2,674 | +€2,502 | +1454.4% |
| Suppliers | 440/4 | €172 | €2,674 | +€2,502 | +1454.4% |
| Taxes, remuneration and social security | 45 | - | €20,754 | +€20,754 | |
| Taxes | 450/3 | - | €20,754 | +€20,754 | |
| Other amounts payable | 47/48 | - | €45,000 | +€45,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,253 | €2,960 | -€294 | -9.0% |
| Other operating charges | 640/8 | €3,283 | €1,714 | -€1,569 | -47.8% |
| Gross operating margin | 9900 | -€25,752 | €61,643 | +€87,394 | |
| Operating profit (loss) | 9901 | -€32,288 | €56,969 | +€89,257 | |
| Financial income | 75/76B | €0 | €0 | +€0 | +100.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +100.0% |
| Financial charges | 65/66B | €42 | €97 | +€55 | +129.7% |
| Recurring financial charges | 65 | €42 | €97 | +€55 | +129.7% |
| Profit (loss) for the period before taxes | 9903 | -€32,330 | €56,871 | +€89,202 | |
| Income taxes | 67/77 | -€623 | €8,404 | +€9,028 | |
| Profit (loss) for the period | 9904 | -€31,707 | €48,467 | +€80,174 | |
| Profit (loss) for the period to be appropriated | 9905 | -€31,707 | €48,467 | +€80,174 |
Source: filed annual accounts (NBB), fiscal years ended 31 May 2025 and 31 May 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.