MADEBU Consult: what changed
Two fiscal 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.
MADEBU Consult
Largest movements
- Receivables within one year -€206,680
down €206,680 (-77.0%), from €268,528 to €61,849
of which Other amounts receivable: -€216,379
- Financial fixed assets +€58,500
up €58,500 (+9750.0%), from €600 to €59,100
- Cash +€55,823
up €55,823 (+157.3%), from €35,492 to €91,315
mainly Receivables within one year (+€206,680) and Net result for the year (+€32,338)
- Current portion of long-term debt -€69,217
down €69,217 (-100.0%), from €69,217 to €0
- Debts after one year -€49,140
down €49,140 (-100.0%), from €49,140 to €0
of which Financial debts: -€49,140
- Reserves +€32,338
up €32,338 (+19.5%), from €165,704 to €198,043
- Tax, wage and social debts -€4,609
down €4,609 (-23.6%), from €19,527 to €14,918
of which Taxes: -€4,609
- Financial income -€116,226
down €116,226 (-98.3%), from €118,201 to €1,975
- Gross operating margin -€7,395
down €7,395 (-14.6%), from €50,681 to €43,286
- Taxes -€1,015
down €1,015 (-9.6%), from €10,524 to €9,509
- Financial charges -€951
down €951 (-31.3%), from €3,035 to €2,085
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 | €308,763 | €218,205 | -€90,558 | -29.3% |
| Formation expenses | 20 | €3,339 | €2,397 | -€942 | -28.2% |
| Fixed assets | 21/28 | €600 | €59,100 | +€58,500 | +9750.0% |
| Financial fixed assets | 28 | €600 | €59,100 | +€58,500 | +9750.0% |
| Current assets | 29/58 | €304,824 | €156,708 | -€148,117 | -48.6% |
| Amounts receivable within one year | 40/41 | €268,528 | €61,849 | -€206,680 | -77.0% |
| Trade receivables | 40 | €1,392 | €11,092 | +€9,700 | +696.8% |
| Other amounts receivable | 41 | €267,136 | €50,757 | -€216,379 | -81.0% |
| Cash at bank and in hand | 54/58 | €35,492 | €91,315 | +€55,823 | +157.3% |
| Deferred charges and accrued income | 490/1 | €804 | €3,544 | +€2,740 | +340.8% |
| Total equity and liabilities | 10/49 | €308,763 | €218,205 | -€90,558 | -29.3% |
| Equity | 10/15 | €170,704 | €203,043 | +€32,338 | +18.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €165,704 | €198,043 | +€32,338 | +19.5% |
| Distributable reserves | 133 | €165,704 | €198,043 | +€32,338 | +19.5% |
| Amounts payable | 17/49 | €138,059 | €15,162 | -€122,897 | -89.0% |
| Amounts payable after more than one year | 17 | €49,140 | €0 | -€49,140 | -100.0% |
| Financial debts | 170/4 | €49,140 | €0 | -€49,140 | -100.0% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €88,919 | €15,162 | -€73,757 | -82.9% |
| Current portion of amounts payable after more than one year | 42 | €69,217 | €0 | -€69,217 | -100.0% |
| Trade debts | 44 | €175 | €244 | +€69 | +39.2% |
| Suppliers | 440/4 | €175 | €244 | +€69 | +39.2% |
| Taxes, remuneration and social security | 45 | €19,527 | €14,918 | -€4,609 | -23.6% |
| Taxes | 450/3 | €19,527 | €14,918 | -€4,609 | -23.6% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €942 | €942 | = | 0.0% |
| Other operating charges | 640/8 | €841 | €388 | -€453 | -53.9% |
| Gross operating margin | 9900 | €50,681 | €43,286 | -€7,395 | -14.6% |
| Operating profit (loss) | 9901 | €48,899 | €41,957 | -€6,942 | -14.2% |
| Financial income | 75/76B | €118,201 | €1,975 | -€116,226 | -98.3% |
| Recurring financial income | 75 | €118,201 | €1,975 | -€116,226 | -98.3% |
| Financial charges | 65/66B | €3,035 | €2,085 | -€951 | -31.3% |
| Recurring financial charges | 65 | €3,035 | €2,085 | -€951 | -31.3% |
| Profit (loss) for the period before taxes | 9903 | €164,065 | €41,848 | -€122,217 | -74.5% |
| Income taxes | 67/77 | €10,524 | €9,509 | -€1,015 | -9.6% |
| Profit (loss) for the period | 9904 | €153,540 | €32,338 | -€121,202 | -78.9% |
| Profit (loss) for the period to be appropriated | 9905 | €153,540 | €32,338 | -€121,202 | -78.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.