MaDe company: what changed
What changed
MaDe company
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€134,033
2025 · €39,969+€94,064
Equity
€315,397
2025 · €208,364+€107,033
Cash
€16,542
2025 · €10,455+€6,086
Balance sheet total
€700,928
2025 · €403,395+€297,534
Largest movements
Assets
- Financial fixed assets +€195,000
up €195,000 (+51.5%), from €378,530 to €573,530
- Tangible fixed assets +€89,265
up €89,265 (+2,663%), from €3,352 to €92,617
of which Furniture and vehicles: +€85,000
Equity and liabilities
- Debts after one year +€161,111
up €161,111 (+141%), from €114,466 to €275,577
- Reserves +€107,033
up €107,033 (+60.0%), from €178,364 to €285,397
- Current portion of long-term debt +€24,184
up €24,184 (+50.7%), from €47,661 to €71,845
- Other debts +€8,175
up €8,175 (+43.4%), from €18,825 to €27,000
Income statement
- Financial income +€75,000
new in 2026: €75,000
- Gross operating margin +€25,997
up €25,997 (+44.7%), from €58,177 to €84,174
- Taxes +€6,541
up €6,541 (+47.8%), from €13,689 to €20,230
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
€39,969
Gross operating margin
+€25,997
Depreciation
-€687
Other operating charges
+€372
Financial income
+€75,000
Financial charges
-€76
Taxes
-€6,541
Result 2026
€134,033
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€132,791
Investment
-€285,000
Financing
+€158,295
Cash 2025
€10,455
From operations (derived)
+€132,791
Net result for the year
+€134,033
Depreciation
+€735
Receivables within one year
-€6,474
Smaller working-capital items
-€1,095
Trade debts
-€1,032
Tax, wage and social debts
-€1,551
Other debts
+€8,175
Investment (derived)
-€285,000
Investment in fixed assets (net)
-€285,000
Financing
+€158,295
Debts after one year
+€161,111
Current portion of long-term debt
+€24,184
Contributions, distributions and other
-€27,000
Cash 2026
€16,542
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €403,395 | €700,928 | +€297,534 | +73.8% |
| Fixed assets | 21/28 | €381,882 | €666,147 | +€284,265 | +74.4% |
| Tangible fixed assets | 22/27 | €3,352 | €92,617 | +€89,265 | +2,663% |
| Plant, machinery and equipment | 23 | €3,352 | €7,617 | +€4,265 | +127% |
| Furniture and vehicles | 24 | - | €85,000 | +€85,000 | |
| Financial fixed assets | 28 | €378,530 | €573,530 | +€195,000 | +51.5% |
| Current assets | 29/58 | €21,513 | €34,781 | +€13,268 | +61.7% |
| Amounts receivable within one year | 40/41 | €10,871 | €17,346 | +€6,474 | +59.6% |
| Trade receivables | 40 | €10,871 | €12,008 | +€1,136 | +10.5% |
| Other amounts receivable | 41 | - | €5,338 | +€5,338 | |
| Cash at bank and in hand | 54/58 | €10,455 | €16,542 | +€6,086 | +58.2% |
| Deferred charges and accrued income | 490/1 | €186 | €894 | +€708 | +381% |
| Total equity and liabilities | 10/49 | €403,395 | €700,928 | +€297,534 | +73.8% |
| Equity | 10/15 | €208,364 | €315,397 | +€107,033 | +51.4% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €178,364 | €285,397 | +€107,033 | +60.0% |
| Distributable reserves | 133 | €178,364 | €285,397 | +€107,033 | +60.0% |
| Amounts payable | 17/49 | €195,031 | €385,532 | +€190,501 | +97.7% |
| Amounts payable after more than one year | 17 | €114,466 | €275,577 | +€161,111 | +141% |
| Financial debts | 170/4 | €114,466 | €275,577 | +€161,111 | +141% |
| Amounts payable within one year | 42/48 | €80,178 | €109,954 | +€29,777 | +37.1% |
| Current portion of amounts payable after more than one year | 42 | €47,661 | €71,845 | +€24,184 | +50.7% |
| Financial debts | 43 | €850 | €850 | = | 0.0% |
| Credit institutions | 430/8 | €850 | €850 | = | 0.0% |
| Trade debts | 44 | €1,558 | €526 | -€1,032 | -66.2% |
| Suppliers | 440/4 | €1,558 | €526 | -€1,032 | -66.2% |
| Taxes, remuneration and social security | 45 | €11,284 | €9,733 | -€1,551 | -13.7% |
| Taxes | 450/3 | €8,809 | €9,733 | +€925 | +10.5% |
| Remuneration and social security | 454/9 | €2,475 | - | -€2,475 | |
| Other amounts payable | 47/48 | €18,825 | €27,000 | +€8,175 | +43.4% |
| Accrued charges and deferred income | 492/3 | €387 | - | -€387 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47 | €735 | +€687 | +1,455% |
| Other operating charges | 640/8 | €482 | €110 | -€372 | -77.1% |
| Gross operating margin | 9900 | €58,177 | €84,174 | +€25,997 | +44.7% |
| Operating profit (loss) | 9901 | €57,648 | €83,329 | +€25,681 | +44.5% |
| Financial income | 75/76B | - | €75,000 | +€75,000 | |
| Recurring financial income | 75 | - | €75,000 | +€75,000 | |
| Financial charges | 65/66B | €3,990 | €4,066 | +€76 | +1.9% |
| Recurring financial charges | 65 | €3,990 | €4,066 | +€76 | +1.9% |
| Profit (loss) for the period before taxes | 9903 | €53,658 | €154,263 | +€100,605 | +187% |
| Income taxes | 67/77 | €13,689 | €20,230 | +€6,541 | +47.8% |
| Profit (loss) for the period | 9904 | €39,969 | €134,033 | +€94,064 | +235% |
| Profit (loss) for the period to be appropriated | 9905 | €39,969 | €134,033 | +€94,064 | +235% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.