MADELCHRI: 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.
MADELCHRI
Largest movements
- Tangible fixed assets -€19,678
down €19,678 (-40.6%), from €48,528 to €28,849
of which Furniture and vehicles: -€18,899
- Cash +€8,444
up €8,444 (+27.6%), from €30,551 to €38,995
mainly Depreciation (+€22,380) and Trade debts (+€8,687)
- Receivables within one year +€5,917
up €5,917 (+41.0%), from €14,420 to €20,337
of which Other amounts receivable: +€5,366
- Stocks and contracts +€1,618
up €1,618 (+17.5%), from €9,252 to €10,870
of which Stocks: +€868
- Debts after one year -€12,100
down €12,100 (-63.1%), from €19,191 to €7,091
- Trade debts +€8,687
up €8,687 (+148.8%), from €5,840 to €14,527
- Profit (loss) carried forward +€6,915
up €6,915 (+21.4%), from €32,243 to €39,157
- Current portion of long-term debt -€6,195
down €6,195 (-33.9%), from €18,295 to €12,100
- Gross operating margin +€12,878
up €12,878 (+57.4%), from €22,448 to €35,326
- Taxes +€6,750
up €6,750, from -€1,750 to €5,000
- Other operating charges -€694
down €694 (-53.3%), from €1,302 to €607
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 | €102,750 | €99,051 | -€3,699 | -3.6% |
| Fixed assets | 21/28 | €48,528 | €28,849 | -€19,678 | -40.6% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €48,528 | €28,849 | -€19,678 | -40.6% |
| Plant, machinery and equipment | 23 | €1,534 | €754 | -€780 | -50.8% |
| Furniture and vehicles | 24 | €46,994 | €28,095 | -€18,899 | -40.2% |
| Current assets | 29/58 | €54,223 | €70,202 | +€15,979 | +29.5% |
| Stocks and contracts in progress | 3 | €9,252 | €10,870 | +€1,618 | +17.5% |
| Stocks | 30/36 | €5,502 | €6,370 | +€868 | +15.8% |
| Contracts in progress | 37 | €3,750 | €4,500 | +€750 | +20.0% |
| Amounts receivable within one year | 40/41 | €14,420 | €20,337 | +€5,917 | +41.0% |
| Trade receivables | 40 | €13,398 | €13,948 | +€550 | +4.1% |
| Other amounts receivable | 41 | €1,023 | €6,389 | +€5,366 | +524.7% |
| Cash at bank and in hand | 54/58 | €30,551 | €38,995 | +€8,444 | +27.6% |
| Total equity and liabilities | 10/49 | €102,750 | €99,051 | -€3,699 | -3.6% |
| Equity | 10/15 | €50,843 | €57,757 | +€6,915 | +13.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,243 | €39,157 | +€6,915 | +21.4% |
| Amounts payable | 17/49 | €51,908 | €41,294 | -€10,614 | -20.4% |
| Amounts payable after more than one year | 17 | €19,191 | €7,091 | -€12,100 | -63.1% |
| Financial debts | 170/4 | €19,191 | €7,091 | -€12,100 | -63.1% |
| Amounts payable within one year | 42/48 | €32,290 | €33,781 | +€1,492 | +4.6% |
| Current portion of amounts payable after more than one year | 42 | €18,295 | €12,100 | -€6,195 | -33.9% |
| Trade debts | 44 | €5,840 | €14,527 | +€8,687 | +148.8% |
| Suppliers | 440/4 | €5,840 | €14,527 | +€8,687 | +148.8% |
| Other amounts payable | 47/48 | €8,154 | €7,154 | -€1,000 | -12.3% |
| Accrued charges and deferred income | 492/3 | €427 | €421 | -€6 | -1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,518 | €22,380 | -€139 | -0.6% |
| Other operating charges | 640/8 | €1,302 | €607 | -€694 | -53.3% |
| Gross operating margin | 9900 | €22,448 | €35,326 | +€12,878 | +57.4% |
| Operating profit (loss) | 9901 | -€1,372 | €12,339 | +€13,711 | |
| Financial charges | 65/66B | €491 | €424 | -€66 | -13.5% |
| Recurring financial charges | 65 | €491 | €424 | -€66 | -13.5% |
| Profit (loss) for the period before taxes | 9903 | -€1,863 | €11,915 | +€13,777 | |
| Income taxes | 67/77 | -€1,750 | €5,000 | +€6,750 | |
| Profit (loss) for the period | 9904 | -€113 | €6,915 | +€7,027 | |
| Profit (loss) for the period to be appropriated | 9905 | -€113 | €6,915 | +€7,027 |
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 5 October 2026 via checked.be.