Madamo: 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.
Madamo
Largest movements
- Receivables within one year +€41,466
up €41,466 (+1431.4%), from €2,897 to €44,363
of which Other amounts receivable: +€32,296
- Cash -€15,695
down €15,695 (-24.2%), from €64,813 to €49,117
mainly Receivables within one year (-€41,466) and Tax, wage and social debts (-€16,076)
- Deferred charges and accrued income -€15,081
down €15,081 (-98.9%), from €15,247 to €165
- Reserves +€27,942
up €27,942 (+57.0%), from €49,049 to €76,991
- Tax, wage and social debts -€16,076
down €16,076 (-54.5%), from €29,522 to €13,446
of which Taxes: -€16,897
- Trade debts -€1,799
down €1,799 (-95.0%), from €1,894 to €95
- Gross operating margin -€31,855
down €31,855 (-44.7%), from €71,241 to €39,386
- Taxes -€8,152
down €8,152 (-41.4%), from €19,698 to €11,546
- Financial income +€1,548
up €1,548 (+1508.7%), from €103 to €1,651
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 | €84,880 | €94,907 | +€10,027 | +11.8% |
| Fixed assets | 21/28 | €1,923 | €1,261 | -€662 | -34.4% |
| Tangible fixed assets | 22/27 | €1,923 | €1,261 | -€662 | -34.4% |
| Furniture and vehicles | 24 | €1,923 | €1,261 | -€662 | -34.4% |
| Current assets | 29/58 | €82,956 | €93,646 | +€10,690 | +12.9% |
| Amounts receivable within one year | 40/41 | €2,897 | €44,363 | +€41,466 | +1431.4% |
| Trade receivables | 40 | €822 | €9,993 | +€9,171 | +1115.1% |
| Other amounts receivable | 41 | €2,075 | €34,370 | +€32,296 | +1556.8% |
| Cash at bank and in hand | 54/58 | €64,813 | €49,117 | -€15,695 | -24.2% |
| Deferred charges and accrued income | 490/1 | €15,247 | €165 | -€15,081 | -98.9% |
| Total equity and liabilities | 10/49 | €84,880 | €94,907 | +€10,027 | +11.8% |
| Equity | 10/15 | €53,049 | €80,991 | +€27,942 | +52.7% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €49,049 | €76,991 | +€27,942 | +57.0% |
| Distributable reserves | 133 | €49,049 | €76,991 | +€27,942 | +57.0% |
| Amounts payable | 17/49 | €31,831 | €13,916 | -€17,915 | -56.3% |
| Amounts payable within one year | 42/48 | €31,417 | €13,541 | -€17,876 | -56.9% |
| Trade debts | 44 | €1,894 | €95 | -€1,799 | -95.0% |
| Suppliers | 440/4 | €1,894 | €95 | -€1,799 | -95.0% |
| Taxes, remuneration and social security | 45 | €29,522 | €13,446 | -€16,076 | -54.5% |
| Taxes | 450/3 | €27,322 | €10,425 | -€16,897 | -61.8% |
| Remuneration and social security | 454/9 | €2,200 | €3,021 | +€821 | +37.3% |
| Accrued charges and deferred income | 492/3 | €414 | €375 | -€39 | -9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €363 | €662 | +€299 | +82.5% |
| Other operating charges | 640/8 | €915 | €842 | -€73 | -7.9% |
| Non-recurring operating charges | 66A | €1,286 | - | -€1,286 | |
| Gross operating margin | 9900 | €71,241 | €39,386 | -€31,855 | -44.7% |
| Operating profit (loss) | 9901 | €68,676 | €37,881 | -€30,795 | -44.8% |
| Financial income | 75/76B | €103 | €1,651 | +€1,548 | +1508.7% |
| Recurring financial income | 75 | €103 | €1,651 | +€1,548 | +1508.7% |
| Financial charges | 65/66B | €32 | €44 | +€11 | +35.9% |
| Recurring financial charges | 65 | €32 | €44 | +€11 | +35.9% |
| Profit (loss) for the period before taxes | 9903 | €68,747 | €39,488 | -€29,259 | -42.6% |
| Income taxes | 67/77 | €19,698 | €11,546 | -€8,152 | -41.4% |
| Profit (loss) for the period | 9904 | €49,049 | €27,942 | -€21,107 | -43.0% |
| Profit (loss) for the period to be appropriated | 9905 | €49,049 | €27,942 | -€21,107 | -43.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.