MADELEINE: 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.
What changed
MADELEINE
NACE 46.423, Wholesale of clothing, excluding workwear and underwear
fiscal year 2022 against 2023filed annual accounts (NBB)
Net result for the year
-€664,269
2022 · €50,992-€715,262
Equity
€26,587
2022 · €690,856-€664,269
Cash
€127,205
2022 · €60,993+€66,211
Balance sheet total
€216,947
2022 · €1.1m-€884,865
Largest movements
Assets
- Receivables within one year -€950,670
down €950,670 (-92.3%), from €1.0m to €78,794
of which Other amounts receivable: -€929,853
- Cash +€66,211
up €66,211 (+108.6%), from €60,993 to €127,205
mainly Receivables within one year (+€950,670) and Accrued charges and deferred income (+€2,471)
Equity and liabilities
- Profit (loss) carried forward -€664,269
down €664,269, from €52,148 to -€612,121
- Trade debts -€183,532
down €183,532 (-53.0%), from €346,516 to €162,983
- Provisions -€22,587
down €22,587 (-82.3%), from €27,449 to €4,862
- Tax, wage and social debts -€16,946
down €16,946 (-63.8%), from €26,549 to €9,602
Income statement
- Turnover -€928,238
down €928,238 (-41.6%), from €2.2m to €1.3m
- Services and other goods -€891,566
down €891,566 (-58.6%), from €1.5m to €629,723
- Write-downs +€725,399
up €725,399, from -€1,092 to €724,307
From the 2022 result to the 2023 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.
Result 2022
€50,992
Turnover
-€928,238
Other operating income
-€20,274
Goods and materials
+€15,405
Services and other goods
+€891,566
Write-downs
-€725,399
Provisions
+€12,722
Other operating charges
+€42
Other operating items
+€83
Financial income
+€18,486
Financial charges
+€3,331
Taxes
+€17,014
Result 2023
-€664,269
Cash bridge derived
Derived from the 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€66,211
Investment
€0
Financing
€0
Cash 2022
€60,993
From operations (derived)
+€66,211
Net result for the year
-€664,269
Receivables within one year
+€950,670
Deferred charges and accrued income
+€406
Provisions
-€22,587
Trade debts
-€183,532
Tax, wage and social debts
-€16,946
Accrued charges and deferred income
+€2,471
Cash 2023
€127,205
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,101,812 | €216,947 | -€884,865 | -80.3% |
| Fixed assets | 21/28 | €8,000 | €8,000 | = | 0.0% |
| Financial fixed assets | 28 | €8,000 | €8,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €8,000 | €8,000 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €8,000 | €8,000 | = | 0.0% |
| Current assets | 29/58 | €1,093,812 | €208,947 | -€884,865 | -80.9% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €1,029,464 | €78,794 | -€950,670 | -92.3% |
| Trade receivables | 40 | €41,725 | €20,908 | -€20,817 | -49.9% |
| Other amounts receivable | 41 | €987,739 | €57,886 | -€929,853 | -94.1% |
| Cash at bank and in hand | 54/58 | €60,993 | €127,205 | +€66,211 | +108.6% |
| Deferred charges and accrued income | 490/1 | €3,354 | €2,948 | -€406 | -12.1% |
| Total equity and liabilities | 10/49 | €1,101,812 | €216,947 | -€884,865 | -80.3% |
| Equity | 10/15 | €690,856 | €26,587 | -€664,269 | -96.2% |
| Contributions | 10/11 | €600,000 | €600,000 | = | 0.0% |
| Reserves | 13 | €38,708 | €38,708 | = | 0.0% |
| Non-distributable reserves | 130/1 | €38,708 | €38,708 | = | 0.0% |
| Reserves not available under the articles | 1311 | €38,708 | €38,708 | = | 0.0% |
| Profit (loss) carried forward | 14 | €52,148 | -€612,121 | -€664,269 | |
| Provisions and deferred taxes | 16 | €27,449 | €4,862 | -€22,587 | -82.3% |
| Provisions for liabilities and charges | 160/5 | €27,449 | €4,862 | -€22,587 | -82.3% |
| Other liabilities and charges | 164/5 | €27,449 | €4,862 | -€22,587 | -82.3% |
| Amounts payable | 17/49 | €383,506 | €185,499 | -€198,008 | -51.6% |
| Amounts payable within one year | 42/48 | €373,064 | €172,586 | -€200,479 | -53.7% |
| Trade debts | 44 | €346,516 | €162,983 | -€183,532 | -53.0% |
| Suppliers | 440/4 | €346,516 | €162,983 | -€183,532 | -53.0% |
| Taxes, remuneration and social security | 45 | €26,549 | €9,602 | -€16,946 | -63.8% |
| Taxes | 450/3 | €26,549 | €9,602 | -€16,946 | -63.8% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €10,442 | €12,913 | +€2,471 | +23.7% |
| Operating income | 70/76A | €2,289,036 | €1,340,482 | -€948,554 | -41.4% |
| Turnover | 70 | €2,229,983 | €1,301,745 | -€928,238 | -41.6% |
| Other operating income | 74 | €59,011 | €38,737 | -€20,274 | -34.4% |
| Non-recurring operating income | 76A | €42 | €0 | -€42 | -99.9% |
| Operating charges | 60/66A | €2,213,215 | €2,018,754 | -€194,461 | -8.8% |
| Goods for resale, raw materials and consumables | 60 | €696,772 | €681,368 | -€15,405 | -2.2% |
| Purchases | 600/8 | €696,772 | €681,368 | -€15,405 | -2.2% |
| Services and other goods | 61 | €1,521,289 | €629,723 | -€891,566 | -58.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,092 | €724,307 | +€725,399 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€9,865 | -€22,587 | -€12,722 | -129.0% |
| Other operating charges | 640/8 | €5,986 | €5,944 | -€42 | -0.7% |
| Non-recurring operating charges | 66A | €125 | €0 | -€125 | -100.0% |
| Operating profit (loss) | 9901 | €75,821 | -€678,272 | -€754,093 | |
| Financial income | 75/76B | €476 | €18,962 | +€18,486 | +3884.4% |
| Recurring financial income | 75 | €476 | €18,962 | +€18,486 | +3884.4% |
| Other financial income | 752/9 | €476 | €18,962 | +€18,486 | +3884.4% |
| Financial charges | 65/66B | €8,290 | €4,959 | -€3,331 | -40.2% |
| Recurring financial charges | 65 | €8,290 | €4,959 | -€3,331 | -40.2% |
| Other financial charges | 652/9 | €8,290 | €4,959 | -€3,331 | -40.2% |
| Profit (loss) for the period before taxes | 9903 | €68,007 | -€664,269 | -€732,276 | |
| Income taxes | 67/77 | €17,014 | €0 | -€17,014 | -100.0% |
| Taxes | 670/3 | €17,014 | €0 | -€17,014 | -100.0% |
| Profit (loss) for the period | 9904 | €50,992 | -€664,269 | -€715,262 | |
| Profit (loss) for the period to be appropriated | 9905 | €50,992 | -€664,269 | -€715,262 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2022 and 30 September 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.