MADECO & 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.
MADECO & CO
Largest movements
- Cash -€79,145
down €79,145 (-28.4%), from €279,153 to €200,008
mainly Investment in fixed assets (net) (-€93,666) and Current investments (-€50,000)
- Tangible fixed assets +€73,901
up €73,901 (+15921.1%), from €464 to €74,365
of which Furniture and vehicles: +€71,746
- Current investments +€50,000
up €50,000 (+50.0%), from €100,000 to €150,000
- Reserves +€42,383
up €42,383 (+10.6%), from €399,213 to €441,596
of which Distributable reserves: +€42,383
- Other debts +€6,512
up €6,512 (+98.0%), from €6,642 to €13,154
- Gross operating margin -€32,764
down €32,764 (-28.9%), from €113,243 to €80,480
- Depreciation +€19,189
up €19,189 (+3329.1%), from €576 to €19,765
- Taxes -€18,528
down €18,528 (-45.4%), from €40,767 to €22,239
- Financial income +€1,566
up €1,566 (+41.6%), from €3,763 to €5,328
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 | €417,637 | €469,787 | +€52,150 | +12.5% |
| Fixed assets | 21/28 | €464 | €74,365 | +€73,901 | +15921.1% |
| Tangible fixed assets | 22/27 | €464 | €74,365 | +€73,901 | +15921.1% |
| Plant, machinery and equipment | 23 | - | €2,155 | +€2,155 | |
| Furniture and vehicles | 24 | €464 | €72,210 | +€71,746 | +15456.8% |
| Current assets | 29/58 | €417,173 | €395,422 | -€21,751 | -5.2% |
| Amounts receivable within one year | 40/41 | €36,472 | €39,757 | +€3,285 | +9.0% |
| Trade receivables | 40 | €35,475 | €30,080 | -€5,395 | -15.2% |
| Other amounts receivable | 41 | €997 | €9,677 | +€8,680 | +870.9% |
| Current investments | 50/53 | €100,000 | €150,000 | +€50,000 | +50.0% |
| Cash at bank and in hand | 54/58 | €279,153 | €200,008 | -€79,145 | -28.4% |
| Deferred charges and accrued income | 490/1 | €1,548 | €5,657 | +€4,109 | +265.5% |
| Total equity and liabilities | 10/49 | €417,637 | €469,787 | +€52,150 | +12.5% |
| Equity | 10/15 | €405,813 | €448,196 | +€42,383 | +10.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €399,213 | €441,596 | +€42,383 | +10.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €397,353 | €439,736 | +€42,383 | +10.7% |
| Profit (loss) carried forward | 14 | €400 | €400 | = | 0.0% |
| Amounts payable | 17/49 | €11,824 | €21,591 | +€9,767 | +82.6% |
| Amounts payable within one year | 42/48 | €11,824 | €21,591 | +€9,767 | +82.6% |
| Trade debts | 44 | €3,392 | €6,763 | +€3,371 | +99.4% |
| Suppliers | 440/4 | €3,392 | €6,763 | +€3,371 | +99.4% |
| Taxes, remuneration and social security | 45 | €1,789 | €1,674 | -€116 | -6.5% |
| Taxes | 450/3 | €1,789 | €1,674 | -€116 | -6.5% |
| Other amounts payable | 47/48 | €6,642 | €13,154 | +€6,512 | +98.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €576 | €19,765 | +€19,189 | +3329.1% |
| Other operating charges | 640/8 | €704 | €1,282 | +€579 | +82.2% |
| Gross operating margin | 9900 | €113,243 | €80,480 | -€32,764 | -28.9% |
| Operating profit (loss) | 9901 | €111,963 | €59,432 | -€52,531 | -46.9% |
| Financial income | 75/76B | €3,763 | €5,328 | +€1,566 | +41.6% |
| Recurring financial income | 75 | €3,763 | €5,328 | +€1,566 | +41.6% |
| Financial charges | 65/66B | €219 | €139 | -€81 | -36.8% |
| Recurring financial charges | 65 | €219 | €139 | -€81 | -36.8% |
| Profit (loss) for the period before taxes | 9903 | €115,507 | €64,622 | -€50,885 | -44.1% |
| Income taxes | 67/77 | €40,767 | €22,239 | -€18,528 | -45.4% |
| Profit (loss) for the period | 9904 | €74,740 | €42,383 | -€32,357 | -43.3% |
| Profit (loss) for the period to be appropriated | 9905 | €74,740 | €42,383 | -€32,357 | -43.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.