Madeleine Cop Kiné: what changed
Madeleine Cop Kiné
Largest movements
- Receivables within one year -€20,562
no longer reported in 2025 (was €20,562)
- Tangible fixed assets -€6,663
down €6,663 (-31.8%), from €20,955 to €14,293
of which Furniture and vehicles: -€5,600
- Profit (loss) carried forward -€41,740
down €41,740, from €25,715 to -€16,025
- Other debts +€30,553
new in 2025: €30,553
- Tax, wage and social debts -€7,942
down €7,942 (-73.0%), from €10,875 to €2,934
- Debts after one year -€3,981
no longer reported in 2025 (was €3,981)
- Current portion of long-term debt -€3,780
down €3,780 (-49.6%), from €7,620 to €3,840
- Financial charges +€62,614
up €62,614 (+5,714%), from €1,096 to €63,710
- Taxes -€4,914
down €4,914 (-94.0%), from €5,228 to €314
- Gross operating margin +€4,868
up €4,868 (+19.8%), from €24,540 to €29,408
- Financial income +€397
up €397 (+225%), from €176 to €573
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €51,548 | €24,709 | -€26,840 | -52.1% |
| Fixed assets | 21/28 | €20,955 | €14,293 | -€6,663 | -31.8% |
| Tangible fixed assets | 22/27 | €20,955 | €14,293 | -€6,663 | -31.8% |
| Furniture and vehicles | 24 | €17,613 | €12,013 | -€5,600 | -31.8% |
| Leasing and similar rights | 25 | €3,342 | €2,280 | -€1,063 | -31.8% |
| Current assets | 29/58 | €30,593 | €10,416 | -€20,177 | -66.0% |
| Amounts receivable within one year | 40/41 | €20,562 | - | -€20,562 | |
| Other amounts receivable | 41 | €20,562 | - | -€20,562 | |
| Cash at bank and in hand | 54/58 | €9,793 | €9,809 | +€16 | +0.2% |
| Deferred charges and accrued income | 490/1 | €238 | €607 | +€369 | +155% |
| Total equity and liabilities | 10/49 | €51,548 | €24,709 | -€26,840 | -52.1% |
| Equity | 10/15 | €28,715 | -€13,025 | -€41,740 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,715 | -€16,025 | -€41,740 | |
| Amounts payable | 17/49 | €22,833 | €37,733 | +€14,900 | +65.3% |
| Amounts payable after more than one year | 17 | €3,981 | - | -€3,981 | |
| Financial debts | 170/4 | €3,981 | - | -€3,981 | |
| Amounts payable within one year | 42/48 | €18,853 | €37,733 | +€18,881 | +100% |
| Current portion of amounts payable after more than one year | 42 | €7,620 | €3,840 | -€3,780 | -49.6% |
| Trade debts | 44 | €358 | €407 | +€49 | +13.8% |
| Suppliers | 440/4 | €358 | €407 | +€49 | +13.8% |
| Taxes, remuneration and social security | 45 | €10,875 | €2,934 | -€7,942 | -73.0% |
| Taxes | 450/3 | €10,875 | €2,934 | -€7,942 | -73.0% |
| Other amounts payable | 47/48 | - | €30,553 | +€30,553 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,663 | €6,663 | = | 0.0% |
| Other operating charges | 640/8 | €1,009 | €1,035 | +€25 | +2.5% |
| Gross operating margin | 9900 | €24,540 | €29,408 | +€4,868 | +19.8% |
| Operating profit (loss) | 9901 | €16,868 | €21,711 | +€4,843 | +28.7% |
| Financial income | 75/76B | €176 | €573 | +€397 | +225% |
| Recurring financial income | 75 | €176 | €573 | +€397 | +225% |
| Financial charges | 65/66B | €1,096 | €63,710 | +€62,614 | +5,714% |
| Recurring financial charges | 65 | €1,096 | €63,710 | +€62,614 | +5,714% |
| Profit (loss) for the period before taxes | 9903 | €15,948 | -€41,426 | -€57,374 | |
| Income taxes | 67/77 | €5,228 | €314 | -€4,914 | -94.0% |
| Profit (loss) for the period | 9904 | €10,720 | -€41,740 | -€52,460 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,720 | -€41,740 | -€52,460 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.