MADETEC: 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.
MADETEC
Largest movements
- Cash +€28,553
up €28,553 (+65.9%), from €43,311 to €71,864
mainly Net result for the year (+€13,822) and Receivables within one year (+€10,198)
- Receivables within one year -€10,198
down €10,198 (-91.9%), from €11,100 to €902
of which Other amounts receivable: -€7,877
- Tangible fixed assets -€4,940
down €4,940 (-17.9%), from €27,576 to €22,636
of which Other tangible fixed assets: -€4,958
- Reserves +€22,504
up €22,504 (+48.4%), from €46,518 to €69,022
- Profit (loss) carried forward -€8,681
no longer reported in 2025 (was €8,681)
- Other debts +€5,014
up €5,014 (+493.0%), from €1,017 to €6,031
- Debts after one year -€4,604
down €4,604 (-51.7%), from €8,913 to €4,309
- Tax, wage and social debts -€1,032
down €1,032 (-21.7%), from €4,757 to €3,725
- Gross operating margin +€17,245
up €17,245 (+129.3%), from €13,341 to €30,585
- Taxes +€4,877
up €4,877 (+399.7%), from €1,220 to €6,098
- Financial charges -€638
down €638 (-16.7%), from €3,825 to €3,187
- Other operating charges -€463
down €463 (-33.1%), from €1,397 to €935
- Depreciation +€436
up €436 (+7.1%), from €6,109 to €6,545
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.
Cash bridge derived
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 | €81,987 | €95,402 | +€13,415 | +16.4% |
| Fixed assets | 21/28 | €27,576 | €22,636 | -€4,940 | -17.9% |
| Tangible fixed assets | 22/27 | €27,576 | €22,636 | -€4,940 | -17.9% |
| Furniture and vehicles | 24 | €2,393 | €2,411 | +€18 | +0.7% |
| Other tangible fixed assets | 26 | €25,183 | €20,225 | -€4,958 | -19.7% |
| Current assets | 29/58 | €54,411 | €72,766 | +€18,355 | +33.7% |
| Amounts receivable within one year | 40/41 | €11,100 | €902 | -€10,198 | -91.9% |
| Trade receivables | 40 | €2,320 | - | -€2,320 | |
| Other amounts receivable | 41 | €8,780 | €902 | -€7,877 | -89.7% |
| Cash at bank and in hand | 54/58 | €43,311 | €71,864 | +€28,553 | +65.9% |
| Total equity and liabilities | 10/49 | €81,987 | €95,402 | +€13,415 | +16.4% |
| Equity | 10/15 | €61,400 | €75,222 | +€13,822 | +22.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €46,518 | €69,022 | +€22,504 | +48.4% |
| Distributable reserves | 133 | €46,518 | €69,022 | +€22,504 | +48.4% |
| Profit (loss) carried forward | 14 | €8,681 | - | -€8,681 | |
| Amounts payable | 17/49 | €20,587 | €20,180 | -€408 | -2.0% |
| Amounts payable after more than one year | 17 | €8,913 | €4,309 | -€4,604 | -51.7% |
| Financial debts | 170/4 | €8,913 | €4,309 | -€4,604 | -51.7% |
| Amounts payable within one year | 42/48 | €11,674 | €15,871 | +€4,197 | +35.9% |
| Current portion of amounts payable after more than one year | 42 | €4,506 | €4,604 | +€98 | +2.2% |
| Trade debts | 44 | €1,394 | €1,511 | +€116 | +8.3% |
| Suppliers | 440/4 | €1,394 | €1,511 | +€116 | +8.3% |
| Taxes, remuneration and social security | 45 | €4,757 | €3,725 | -€1,032 | -21.7% |
| Taxes | 450/3 | €4,757 | €3,725 | -€1,032 | -21.7% |
| Other amounts payable | 47/48 | €1,017 | €6,031 | +€5,014 | +493.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,109 | €6,545 | +€436 | +7.1% |
| Other operating charges | 640/8 | €1,397 | €935 | -€463 | -33.1% |
| Gross operating margin | 9900 | €13,341 | €30,585 | +€17,245 | +129.3% |
| Operating profit (loss) | 9901 | €5,834 | €23,106 | +€17,272 | +296.0% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €3,825 | €3,187 | -€638 | -16.7% |
| Recurring financial charges | 65 | €3,825 | €3,187 | -€638 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | €2,010 | €19,920 | +€17,910 | +891.2% |
| Income taxes | 67/77 | €1,220 | €6,098 | +€4,877 | +399.7% |
| Profit (loss) for the period | 9904 | €789 | €13,822 | +€13,033 | +1650.9% |
| Profit (loss) for the period to be appropriated | 9905 | €789 | €13,822 | +€13,033 | +1650.9% |
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 10 October 2026 via checked.be.