Madd Co: 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.
Madd Co
Largest movements
- Cash -€1.1m
down €1.1m (-79.3%), from €1.4m to €280,465
mainly Other debts (-€945,024) and Contributions, distributions and other (-€496,499)
- Current investments +€98,280
up €98,280 (+79.8%), from €123,153 to €221,433
- Receivables within one year +€39,147
up €39,147 (+36792.0%), from €106 to €39,253
of which Other amounts receivable: +€39,134
- Other debts -€945,024
down €945,024 (-65.6%), from €1.4m to €496,499
- Gross operating margin +€126,563
up €126,563 (+23.6%), from €536,282 to €662,846
- Taxes +€26,802
up €26,802 (+20.2%), from €132,410 to €159,212
- Financial charges +€9,308
up €9,308, from -€7,046 to €2,262
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 | €1,496,007 | €545,049 | -€950,958 | -63.6% |
| Fixed assets | 21/28 | €13,228 | €285 | -€12,943 | -97.8% |
| Tangible fixed assets | 22/27 | €12,943 | - | -€12,943 | |
| Furniture and vehicles | 24 | €12,943 | - | -€12,943 | |
| Financial fixed assets | 28 | €285 | €285 | = | 0.0% |
| Current assets | 29/58 | €1,482,779 | €544,764 | -€938,015 | -63.3% |
| Amounts receivable within one year | 40/41 | €106 | €39,253 | +€39,147 | +36792.0% |
| Trade receivables | 40 | €106 | €119 | +€13 | +12.1% |
| Other amounts receivable | 41 | - | €39,134 | +€39,134 | |
| Current investments | 50/53 | €123,153 | €221,433 | +€98,280 | +79.8% |
| Cash at bank and in hand | 54/58 | €1,356,214 | €280,465 | -€1.1m | -79.3% |
| Deferred charges and accrued income | 490/1 | €3,305 | €3,613 | +€307 | +9.3% |
| Total equity and liabilities | 10/49 | €1,496,007 | €545,049 | -€950,958 | -63.6% |
| Equity | 10/15 | €5,500 | €5,500 | = | 0.0% |
| Contributions | 10/11 | €5,500 | €5,500 | = | 0.0% |
| Amounts payable | 17/49 | €1,490,507 | €539,549 | -€950,958 | -63.8% |
| Amounts payable within one year | 42/48 | €1,490,507 | €539,549 | -€950,958 | -63.8% |
| Trade debts | 44 | €710 | €106 | -€605 | -85.1% |
| Suppliers | 440/4 | €710 | €106 | -€605 | -85.1% |
| Taxes, remuneration and social security | 45 | €48,273 | €42,944 | -€5,329 | -11.0% |
| Taxes | 450/3 | €48,273 | €42,944 | -€5,329 | -11.0% |
| Other amounts payable | 47/48 | €1,441,523 | €496,499 | -€945,024 | -65.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,573 | €12,943 | -€630 | -4.6% |
| Other operating charges | 640/8 | €1,948 | €2,012 | +€64 | +3.3% |
| Gross operating margin | 9900 | €536,282 | €662,846 | +€126,563 | +23.6% |
| Operating profit (loss) | 9901 | €520,761 | €647,891 | +€127,130 | +24.4% |
| Financial income | 75/76B | €3,527 | €10,082 | +€6,555 | +185.9% |
| Recurring financial income | 75 | €3,527 | €10,082 | +€6,555 | +185.9% |
| Financial charges | 65/66B | -€7,046 | €2,262 | +€9,308 | |
| Recurring financial charges | 65 | -€7,046 | €2,262 | +€9,308 | |
| Profit (loss) for the period before taxes | 9903 | €531,334 | €655,711 | +€124,377 | +23.4% |
| Income taxes | 67/77 | €132,410 | €159,212 | +€26,802 | +20.2% |
| Profit (loss) for the period | 9904 | €398,925 | €496,499 | +€97,575 | +24.5% |
| Profit (loss) for the period to be appropriated | 9905 | €398,925 | €496,499 | +€97,575 | +24.5% |
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 9 October 2026 via checked.be.