Madaster Services Belgium: 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.
Madaster Services Belgium
Largest movements
- Cash -€30,231
down €30,231 (-37.5%), from €80,660 to €50,429
mainly Accrued charges and deferred income (-€38,252) and Net result for the year (-€29,745)
- Receivables within one year -€24,934
down €24,934 (-35.0%), from €71,306 to €46,372
of which Trade receivables: -€27,812
- Accrued charges and deferred income -€38,252
down €38,252 (-34.6%), from €110,702 to €72,449
- Profit (loss) carried forward -€29,745
down €29,745 (-14.9%), from -€199,714 to -€229,459
- Trade debts +€17,974
up €17,974 (+33.9%), from €53,087 to €71,061
- Tax, wage and social debts -€4,892
down €4,892 (-100%), from €4,892 to €0
of which Taxes: -€4,892
- Staff costs -€8,618
down €8,618 (-98.3%), from €8,765 to €147
- Gross operating margin -€4,817
down €4,817 (-21.4%), from -€22,534 to -€27,351
- Financial charges +€1,112
up €1,112 (+617%), from €180 to €1,292
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €151,966 | €97,051 | -€54,915 | -36.1% |
| Current assets | 29/58 | €151,966 | €97,051 | -€54,915 | -36.1% |
| Amounts receivable within one year | 40/41 | €71,306 | €46,372 | -€24,934 | -35.0% |
| Trade receivables | 40 | €69,394 | €41,582 | -€27,812 | -40.1% |
| Other amounts receivable | 41 | €1,912 | €4,791 | +€2,878 | +151% |
| Cash at bank and in hand | 54/58 | €80,660 | €50,429 | -€30,231 | -37.5% |
| Deferred charges and accrued income | 490/1 | - | €249 | +€249 | |
| Total equity and liabilities | 10/49 | €151,966 | €97,051 | -€54,915 | -36.1% |
| Equity | 10/15 | -€16,714 | -€46,459 | -€29,745 | -178% |
| Contributions | 10/11 | €183,000 | €183,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€199,714 | -€229,459 | -€29,745 | -14.9% |
| Amounts payable | 17/49 | €168,680 | €143,510 | -€25,170 | -14.9% |
| Amounts payable within one year | 42/48 | €57,979 | €71,061 | +€13,083 | +22.6% |
| Trade debts | 44 | €53,087 | €71,061 | +€17,974 | +33.9% |
| Suppliers | 440/4 | €53,087 | €71,061 | +€17,974 | +33.9% |
| Taxes, remuneration and social security | 45 | €4,892 | €0 | -€4,892 | -100% |
| Taxes | 450/3 | €4,892 | €0 | -€4,892 | -100% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €110,702 | €72,449 | -€38,252 | -34.6% |
| Remuneration, social security and pensions | 62 | €8,765 | €147 | -€8,618 | -98.3% |
| Other operating charges | 640/8 | €1,123 | €955 | -€167 | -14.9% |
| Gross operating margin | 9900 | -€22,534 | -€27,351 | -€4,817 | -21.4% |
| Operating profit (loss) | 9901 | -€32,422 | -€28,454 | +€3,969 | +12.2% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €180 | €1,292 | +€1,112 | +617% |
| Recurring financial charges | 65 | €180 | €1,292 | +€1,112 | +617% |
| Profit (loss) for the period before taxes | 9903 | -€32,602 | -€29,745 | +€2,857 | +8.8% |
| Profit (loss) for the period | 9904 | -€32,602 | -€29,745 | +€2,857 | +8.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,602 | -€29,745 | +€2,857 | +8.8% |
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 27 October 2026 via checked.be.