Maddelein Wendy: 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.
Maddelein Wendy
Largest movements
- Cash +€16,383
up €16,383 (+194%), from €8,447 to €24,831
mainly Net result for the year (+€34,601) and Depreciation (+€5,125)
- Tangible fixed assets -€5,125
down €5,125 (-25.4%), from €20,171 to €15,046
- Receivables within one year +€5,013
up €5,013 (+38.3%), from €13,081 to €18,095
of which Other amounts receivable: +€5,013
- Deferred charges and accrued income +€1,149
new in 2025: €1,149
- Reserves +€35,018
up €35,018 (+389%), from €9,000 to €44,018
- Other debts -€20,331
down €20,331 (-100%), from €20,331 to €0
- Tax, wage and social debts +€3,084
up €3,084 (+34.8%), from €8,870 to €11,954
of which Taxes: +€5,652
- Gross operating margin +€41,005
up €41,005 (+334%), from €12,271 to €53,276
- Taxes +€11,526
up €11,526 (+458%), from €2,519 to €14,045
- Depreciation +€4,796
up €4,796 (+1,459%), from €329 to €5,125
- Financial income +€622
up €622 (+6,219,600%), from €0 to €622
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 | €41,700 | €59,121 | +€17,421 | +41.8% |
| Fixed assets | 21/28 | €20,171 | €15,046 | -€5,125 | -25.4% |
| Tangible fixed assets | 22/27 | €20,171 | €15,046 | -€5,125 | -25.4% |
| Furniture and vehicles | 24 | €20,171 | €15,046 | -€5,125 | -25.4% |
| Current assets | 29/58 | €21,529 | €44,074 | +€22,546 | +105% |
| Amounts receivable within one year | 40/41 | €13,081 | €18,095 | +€5,013 | +38.3% |
| Trade receivables | 40 | €12,100 | €12,100 | = | 0.0% |
| Other amounts receivable | 41 | €981 | €5,995 | +€5,013 | +511% |
| Cash at bank and in hand | 54/58 | €8,447 | €24,831 | +€16,383 | +194% |
| Deferred charges and accrued income | 490/1 | - | €1,149 | +€1,149 | |
| Total equity and liabilities | 10/49 | €41,700 | €59,121 | +€17,421 | +41.8% |
| Equity | 10/15 | €11,916 | €46,518 | +€34,601 | +290% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €9,000 | €44,018 | +€35,018 | +389% |
| Distributable reserves | 133 | €9,000 | €44,018 | +€35,018 | +389% |
| Profit (loss) carried forward | 14 | €416 | €0 | -€416 | -100% |
| Amounts payable | 17/49 | €29,784 | €12,603 | -€17,181 | -57.7% |
| Amounts payable within one year | 42/48 | €29,784 | €12,603 | -€17,181 | -57.7% |
| Trade debts | 44 | €583 | €649 | +€66 | +11.4% |
| Suppliers | 440/4 | €583 | €649 | +€66 | +11.4% |
| Taxes, remuneration and social security | 45 | €8,870 | €11,954 | +€3,084 | +34.8% |
| Taxes | 450/3 | €6,302 | €11,954 | +€5,652 | +89.7% |
| Remuneration and social security | 454/9 | €2,568 | €0 | -€2,568 | -100% |
| Other amounts payable | 47/48 | €20,331 | €0 | -€20,331 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €329 | €5,125 | +€4,796 | +1,459% |
| Other operating charges | 640/8 | - | €50 | +€50 | |
| Gross operating margin | 9900 | €12,271 | €53,276 | +€41,005 | +334% |
| Operating profit (loss) | 9901 | €11,942 | €48,101 | +€36,159 | +303% |
| Financial income | 75/76B | €0 | €622 | +€622 | +6,219,600% |
| Recurring financial income | 75 | €0 | €622 | +€622 | +6,219,600% |
| Financial charges | 65/66B | €7 | €77 | +€70 | +1,039% |
| Recurring financial charges | 65 | €7 | €77 | +€70 | +1,039% |
| Profit (loss) for the period before taxes | 9903 | €11,935 | €48,646 | +€36,711 | +308% |
| Income taxes | 67/77 | €2,519 | €14,045 | +€11,526 | +458% |
| Profit (loss) for the period | 9904 | €9,416 | €34,601 | +€25,185 | +267% |
| Profit (loss) for the period to be appropriated | 9905 | €9,416 | €34,601 | +€25,185 | +267% |
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 28 October 2026 via checked.be.