MaddMS: 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.
MaddMS
Largest movements
- Cash +€7,749
up €7,749 (+282.0%), from €2,748 to €10,497
mainly Other debts (+€3,491) and Net result for the year (+€2,725)
- Tangible fixed assets -€1,004
down €1,004 (-40.2%), from €2,495 to €1,491
- Other debts +€3,491
new in 2025: €3,491
- Profit (loss) carried forward +€2,725
up €2,725 (+22.8%), from -€11,973 to -€9,247
- Tax, wage and social debts +€1,377
up €1,377 (+368.7%), from €373 to €1,751
- Trade debts -€840
down €840 (-64.1%), from €1,312 to €471
- Purchases and services -€27,272
down €27,272 (-40.3%), from €67,705 to €40,433
- Turnover -€19,179
down €19,179 (-30.4%), from €63,029 to €43,850
- Taxes -€5,025
down €5,025, from €2,913 to -€2,113
- Other operating charges -€4,585
down €4,585 (-72.7%), from €6,311 to €1,726
- Gross operating margin +€3,851
up €3,851, from -€433 to €3,417
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 | €11,438 | €18,044 | +€6,606 | +57.8% |
| Fixed assets | 21/28 | €2,931 | €1,927 | -€1,004 | -34.2% |
| Tangible fixed assets | 22/27 | €2,495 | €1,491 | -€1,004 | -40.2% |
| Furniture and vehicles | 24 | €2,495 | €1,491 | -€1,004 | -40.2% |
| Financial fixed assets | 28 | €436 | €436 | = | 0.0% |
| Current assets | 29/58 | €8,507 | €16,117 | +€7,610 | +89.4% |
| Stocks and contracts in progress | 3 | €3,200 | €3,200 | = | 0.0% |
| Stocks | 30/36 | €3,200 | €3,200 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,559 | €2,420 | -€139 | -5.4% |
| Trade receivables | 40 | €231 | €2,420 | +€2,189 | +947.3% |
| Other amounts receivable | 41 | €2,328 | - | -€2,328 | |
| Cash at bank and in hand | 54/58 | €2,748 | €10,497 | +€7,749 | +282.0% |
| Total equity and liabilities | 10/49 | €11,438 | €18,044 | +€6,606 | +57.8% |
| Equity | 10/15 | €427 | €3,153 | +€2,725 | +637.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Other | 1109/19 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,973 | -€9,247 | +€2,725 | +22.8% |
| Amounts payable | 17/49 | €11,011 | €14,891 | +€3,881 | +35.2% |
| Amounts payable within one year | 42/48 | €10,397 | €14,424 | +€4,027 | +38.7% |
| Trade debts | 44 | €1,312 | €471 | -€840 | -64.1% |
| Suppliers | 440/4 | €1,312 | €471 | -€840 | -64.1% |
| Advances received on contracts in progress | 46 | €8,712 | €8,712 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €373 | €1,751 | +€1,377 | +368.7% |
| Taxes | 450/3 | €373 | €1,751 | +€1,377 | +368.7% |
| Other amounts payable | 47/48 | - | €3,491 | +€3,491 | |
| Accrued charges and deferred income | 492/3 | €614 | €467 | -€147 | -23.9% |
| Turnover | 70 | €63,029 | €43,850 | -€19,179 | -30.4% |
| Non-recurring operating income | 76A | €4,243 | - | -€4,243 | |
| Goods, raw materials, services and sundry goods | 60/61 | €67,705 | €40,433 | -€27,272 | -40.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,011 | €1,004 | -€7 | -0.7% |
| Other operating charges | 640/8 | €6,311 | €1,726 | -€4,585 | -72.7% |
| Gross operating margin | 9900 | -€433 | €3,417 | +€3,851 | |
| Operating profit (loss) | 9901 | -€7,755 | €688 | +€8,443 | |
| Financial income | 75/76B | €0 | €0 | +€0 | +700.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +700.0% |
| Financial charges | 65/66B | €60 | €75 | +€15 | +24.5% |
| Recurring financial charges | 65 | €60 | €75 | +€15 | +24.5% |
| Profit (loss) for the period before taxes | 9903 | -€7,816 | €613 | +€8,428 | |
| Income taxes | 67/77 | €2,913 | -€2,113 | -€5,025 | |
| Profit (loss) for the period | 9904 | -€10,728 | €2,725 | +€13,453 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,728 | €2,725 | +€13,453 |
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.