MADELIEFJE: what changed
MADELIEFJE
Largest movements
- Cash -€33,144
down €33,144 (-57.8%), from €57,310 to €24,166
mainly Net result for the year (-€34,001) and Advances received (-€19,287)
- Tangible fixed assets -€9,391
down €9,391 (-24.1%), from €38,973 to €29,583
- Stocks and contracts +€1,499
up €1,499 (+32.0%), from €4,680 to €6,179
- Profit (loss) carried forward -€34,001
down €34,001 (-10.4%), from -€325,710 to -€359,711
- Advances received -€19,287
down €19,287 (-30.9%), from €62,369 to €43,082
- Other debts +€18,184
up €18,184 (+56.5%), from €32,168 to €50,352
- Trade debts -€12,128
down €12,128 (-22.1%), from €54,808 to €42,679
- Short-term financial debts +€6,910
up €6,910 (+10.1%), from €68,532 to €75,442
- Gross operating margin -€20,905
down €20,905, from €9,269 to -€11,636
- Other operating charges -€3,525
down €3,525 (-59.4%), from €5,935 to €2,410
- Depreciation +€1,411
up €1,411 (+17.7%), from €7,979 to €9,391
- Financial charges +€583
up €583 (+5.7%), from €10,220 to €10,803
- Financial income +€378
up €378 (+1,288%), from €29 to €407
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 | €105,726 | €64,929 | -€40,797 | -38.6% |
| Fixed assets | 21/28 | €39,263 | €29,873 | -€9,391 | -23.9% |
| Tangible fixed assets | 22/27 | €38,973 | €29,583 | -€9,391 | -24.1% |
| Furniture and vehicles | 24 | €38,973 | €29,583 | -€9,391 | -24.1% |
| Financial fixed assets | 28 | €290 | €290 | = | 0.0% |
| Current assets | 29/58 | €66,463 | €35,056 | -€31,407 | -47.3% |
| Stocks and contracts in progress | 3 | €4,680 | €6,179 | +€1,499 | +32.0% |
| Stocks | 30/36 | €4,680 | €6,179 | +€1,499 | +32.0% |
| Amounts receivable within one year | 40/41 | €3,277 | €3,711 | +€434 | +13.2% |
| Trade receivables | 40 | €3,277 | €3,711 | +€434 | +13.2% |
| Cash at bank and in hand | 54/58 | €57,310 | €24,166 | -€33,144 | -57.8% |
| Deferred charges and accrued income | 490/1 | €1,196 | €1,000 | -€196 | -16.4% |
| Total equity and liabilities | 10/49 | €105,726 | €64,929 | -€40,797 | -38.6% |
| Equity | 10/15 | -€295,710 | -€329,711 | -€34,001 | -11.5% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€325,710 | -€359,711 | -€34,001 | -10.4% |
| Amounts payable | 17/49 | €401,437 | €394,640 | -€6,796 | -1.7% |
| Amounts payable after more than one year | 17 | €170,114 | €170,114 | = | 0.0% |
| Financial debts | 170/4 | €170,114 | €170,114 | = | 0.0% |
| Amounts payable within one year | 42/48 | €231,322 | €224,526 | -€6,796 | -2.9% |
| Current portion of amounts payable after more than one year | 42 | €8,400 | €8,400 | = | 0.0% |
| Financial debts | 43 | €68,532 | €75,442 | +€6,910 | +10.1% |
| Credit institutions | 430/8 | €68,532 | €75,442 | +€6,910 | +10.1% |
| Trade debts | 44 | €54,808 | €42,679 | -€12,128 | -22.1% |
| Suppliers | 440/4 | €54,808 | €42,679 | -€12,128 | -22.1% |
| Advances received on contracts in progress | 46 | €62,369 | €43,082 | -€19,287 | -30.9% |
| Taxes, remuneration and social security | 45 | €5,046 | €4,571 | -€475 | -9.4% |
| Taxes | 450/3 | €5,046 | €4,571 | -€475 | -9.4% |
| Other amounts payable | 47/48 | €32,168 | €50,352 | +€18,184 | +56.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,979 | €9,391 | +€1,411 | +17.7% |
| Other operating charges | 640/8 | €5,935 | €2,410 | -€3,525 | -59.4% |
| Gross operating margin | 9900 | €9,269 | -€11,636 | -€20,905 | |
| Operating profit (loss) | 9901 | -€4,645 | -€23,436 | -€18,791 | -405% |
| Financial income | 75/76B | €29 | €407 | +€378 | +1,288% |
| Recurring financial income | 75 | €29 | €407 | +€378 | +1,288% |
| Financial charges | 65/66B | €10,220 | €10,803 | +€583 | +5.7% |
| Recurring financial charges | 65 | €10,220 | €10,803 | +€583 | +5.7% |
| Profit (loss) for the period before taxes | 9903 | -€14,835 | -€33,831 | -€18,996 | -128% |
| Income taxes | 67/77 | €214 | €169 | -€45 | -20.8% |
| Profit (loss) for the period | 9904 | -€15,049 | -€34,001 | -€18,951 | -126% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,049 | -€34,001 | -€18,951 | -126% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.