Madele Bouwprojecten: 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.
Madele Bouwprojecten
Largest movements
- Stocks and contracts +€163,596
up €163,596 (+1,091%), from €15,000 to €178,596
of which Stocks: +€138,596
- Deferred charges and accrued income +€38,326
up €38,326 (+635%), from €6,039 to €44,365
- Receivables within one year -€24,092
down €24,092 (-9.1%), from €265,182 to €241,090
of which Trade receivables: -€23,869
- Tangible fixed assets +€20,504
up €20,504 (+4.6%), from €444,016 to €464,520
of which Land and buildings: +€58,118
- Short-term financial debts +€148,947
up €148,947, from €0 to €148,947
- Other debts +€109,854
up €109,854 (+116%), from €95,065 to €204,919
- Debts after one year -€43,178
down €43,178 (-18.2%), from €236,609 to €193,431
- Tax, wage and social debts -€29,847
down €29,847 (-71.6%), from €41,683 to €11,836
of which Taxes: -€28,465
- Depreciation +€21,140
up €21,140 (+64.7%), from €32,678 to €53,818
- Financial charges -€5,952
down €5,952 (-37.9%), from €15,701 to €9,749
- Taxes -€5,039
down €5,039 (-72.0%), from €6,999 to €1,960
- Gross operating margin -€4,835
down €4,835 (-4.1%), from €116,575 to €111,740
- Staff costs +€1,541
up €1,541 (+3.8%), from €40,724 to €42,265
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.
Derived cash bridge
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 | €825,732 | €1,015,722 | +€189,991 | +23.0% |
| Fixed assets | 21/28 | €444,016 | €464,520 | +€20,504 | +4.6% |
| Tangible fixed assets | 22/27 | €444,016 | €464,520 | +€20,504 | +4.6% |
| Land and buildings | 22 | €186,371 | €244,489 | +€58,118 | +31.2% |
| Plant, machinery and equipment | 23 | €151,026 | €137,196 | -€13,830 | -9.2% |
| Furniture and vehicles | 24 | €106,620 | €82,835 | -€23,784 | -22.3% |
| Current assets | 29/58 | €381,715 | €551,202 | +€169,487 | +44.4% |
| Stocks and contracts in progress | 3 | €15,000 | €178,596 | +€163,596 | +1,091% |
| Stocks | 30/36 | €0 | €138,596 | +€138,596 | |
| Contracts in progress | 37 | €15,000 | €40,000 | +€25,000 | +167% |
| Amounts receivable within one year | 40/41 | €265,182 | €241,090 | -€24,092 | -9.1% |
| Trade receivables | 40 | €92,984 | €69,115 | -€23,869 | -25.7% |
| Other amounts receivable | 41 | €172,198 | €171,975 | -€222 | -0.1% |
| Cash at bank and in hand | 54/58 | €95,495 | €87,151 | -€8,344 | -8.7% |
| Deferred charges and accrued income | 490/1 | €6,039 | €44,365 | +€38,326 | +635% |
| Total equity and liabilities | 10/49 | €825,732 | €1,015,722 | +€189,991 | +23.0% |
| Equity | 10/15 | €376,385 | €377,591 | +€1,206 | +0.3% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €276,385 | €277,591 | +€1,206 | +0.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €276,385 | €277,591 | +€1,206 | +0.4% |
| Amounts payable | 17/49 | €449,347 | €638,131 | +€188,785 | +42.0% |
| Amounts payable after more than one year | 17 | €236,609 | €193,431 | -€43,178 | -18.2% |
| Financial debts | 170/4 | €236,609 | €193,431 | -€43,178 | -18.2% |
| Amounts payable within one year | 42/48 | €212,738 | €440,506 | +€227,768 | +107% |
| Current portion of amounts payable after more than one year | 42 | €41,973 | €43,178 | +€1,205 | +2.9% |
| Financial debts | 43 | €0 | €148,947 | +€148,947 | |
| Credit institutions | 430/8 | €0 | €148,947 | +€148,947 | |
| Trade debts | 44 | €34,017 | €31,627 | -€2,390 | -7.0% |
| Suppliers | 440/4 | €34,017 | €31,627 | -€2,390 | -7.0% |
| Taxes, remuneration and social security | 45 | €41,683 | €11,836 | -€29,847 | -71.6% |
| Taxes | 450/3 | €34,192 | €5,727 | -€28,465 | -83.3% |
| Remuneration and social security | 454/9 | €7,491 | €6,109 | -€1,382 | -18.4% |
| Other amounts payable | 47/48 | €95,065 | €204,919 | +€109,854 | +116% |
| Accrued charges and deferred income | 492/3 | - | €4,195 | +€4,195 | |
| Non-recurring operating income | 76A | €19,986 | €0 | -€19,986 | -100% |
| Remuneration, social security and pensions | 62 | €40,724 | €42,265 | +€1,541 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,678 | €53,818 | +€21,140 | +64.7% |
| Other operating charges | 640/8 | €2,477 | €3,674 | +€1,196 | +48.3% |
| Non-recurring operating charges | 66A | €355 | €0 | -€355 | -100% |
| Gross operating margin | 9900 | €116,575 | €111,740 | -€4,835 | -4.1% |
| Operating profit (loss) | 9901 | €40,340 | €11,983 | -€28,358 | -70.3% |
| Financial income | 75/76B | €629 | €932 | +€302 | +48.1% |
| Recurring financial income | 75 | €629 | €932 | +€302 | +48.1% |
| Financial charges | 65/66B | €15,701 | €9,749 | -€5,952 | -37.9% |
| Recurring financial charges | 65 | €15,701 | €9,749 | -€5,952 | -37.9% |
| Profit (loss) for the period before taxes | 9903 | €25,269 | €3,165 | -€22,103 | -87.5% |
| Income taxes | 67/77 | €6,999 | €1,960 | -€5,039 | -72.0% |
| Profit (loss) for the period | 9904 | €18,270 | €1,206 | -€17,064 | -93.4% |
| Profit (loss) for the period to be appropriated | 9905 | €18,270 | €1,206 | -€17,064 | -93.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.