MADELLO CONSULTING: 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.
MADELLO CONSULTING
Largest movements
- Receivables within one year -€398,958
down €398,958 (-57.5%), from €693,316 to €294,359
of which Trade receivables: -€427,204
- Intangible fixed assets +€160,279
new in 2025: €160,279
- Cash -€125,089
down €125,089 (-95.1%), from €131,468 to €6,379
mainly Trade debts (-€433,787) and Investment in fixed assets (net) (-€172,175)
- Deferred charges and accrued income -€10,634
down €10,634 (-7.6%), from €140,772 to €130,138
- Trade debts -€433,787
down €433,787 (-71.9%), from €602,944 to €169,157
- Short-term financial debts +€207,778
new in 2025: €207,778
- Profit (loss) carried forward -€136,985
down €136,985 (-45.4%), from -€301,695 to -€438,681
- Tax, wage and social debts -€16,235
down €16,235 (-9.3%), from €174,992 to €158,758
of which Remuneration and social security: -€35,435
- Gross operating margin +€291,003
up €291,003 (+25.7%), from €1.1m to €1.4m
- Staff costs +€107,558
up €107,558 (+7.6%), from €1.4m to €1.5m
- Financial charges +€15,608
up €15,608 (+133%), from €11,703 to €27,311
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 | €1,012,991 | €637,450 | -€375,540 | -37.1% |
| Fixed assets | 21/28 | €22,435 | €181,575 | +€159,141 | +709% |
| Intangible fixed assets | 21 | - | €160,279 | +€160,279 | |
| Tangible fixed assets | 22/27 | €22,435 | €21,296 | -€1,139 | -5.1% |
| Plant, machinery and equipment | 23 | €22,435 | €21,296 | -€1,139 | -5.1% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €990,556 | €455,875 | -€534,681 | -54.0% |
| Amounts receivable after more than one year | 29 | €25,000 | €25,000 | = | 0.0% |
| Other amounts receivable | 291 | €25,000 | €25,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €693,316 | €294,359 | -€398,958 | -57.5% |
| Trade receivables | 40 | €663,848 | €236,644 | -€427,204 | -64.4% |
| Other amounts receivable | 41 | €29,468 | €57,714 | +€28,246 | +95.9% |
| Cash at bank and in hand | 54/58 | €131,468 | €6,379 | -€125,089 | -95.1% |
| Deferred charges and accrued income | 490/1 | €140,772 | €130,138 | -€10,634 | -7.6% |
| Total equity and liabilities | 10/49 | €1,012,991 | €637,450 | -€375,540 | -37.1% |
| Equity | 10/15 | €235,055 | €98,069 | -€136,985 | -58.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €530,550 | €530,550 | = | 0.0% |
| Distributable reserves | 133 | €530,550 | €530,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€301,695 | -€438,681 | -€136,985 | -45.4% |
| Amounts payable | 17/49 | €777,936 | €539,381 | -€238,555 | -30.7% |
| Amounts payable within one year | 42/48 | €777,936 | €539,381 | -€238,555 | -30.7% |
| Financial debts | 43 | - | €207,778 | +€207,778 | |
| Credit institutions | 430/8 | - | €207,778 | +€207,778 | |
| Trade debts | 44 | €602,944 | €169,157 | -€433,787 | -71.9% |
| Suppliers | 440/4 | €602,944 | €169,157 | -€433,787 | -71.9% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €174,992 | €158,758 | -€16,235 | -9.3% |
| Taxes | 450/3 | €29,855 | €49,055 | +€19,200 | +64.3% |
| Remuneration and social security | 454/9 | €145,137 | €109,703 | -€35,435 | -24.4% |
| Other amounts payable | 47/48 | €0 | €3,690 | +€3,690 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €1,412,719 | €1,520,277 | +€107,558 | +7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,276 | €13,034 | +€3,758 | +40.5% |
| Other operating charges | 640/8 | €2,330 | €1,335 | -€995 | -42.7% |
| Gross operating margin | 9900 | €1,133,976 | €1,424,980 | +€291,003 | +25.7% |
| Operating profit (loss) | 9901 | -€290,348 | -€109,666 | +€180,682 | +62.2% |
| Financial income | 75/76B | €5,198 | €198 | -€5,000 | -96.2% |
| Recurring financial income | 75 | €5,198 | €198 | -€5,000 | -96.2% |
| Financial charges | 65/66B | €11,703 | €27,311 | +€15,608 | +133% |
| Recurring financial charges | 65 | €11,703 | €27,311 | +€15,608 | +133% |
| Profit (loss) for the period before taxes | 9903 | -€296,853 | -€136,779 | +€160,073 | +53.9% |
| Income taxes | 67/77 | €4,887 | €206 | -€4,681 | -95.8% |
| Profit (loss) for the period | 9904 | -€301,740 | -€136,985 | +€164,754 | +54.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€301,740 | -€136,985 | +€164,754 | +54.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.