MADEVOENIJ: 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.
MADEVOENIJ
Largest movements
- Receivables within one year -€588,676
no longer reported in 2024 (was €588,676)
- Tangible fixed assets -€32,397
down €32,397 (-4.9%), from €660,428 to €628,032
of which Plant, machinery and equipment: -€32,397
- Reserves -€459,200
down €459,200 (-58.8%), from €780,799 to €321,599
of which Distributable reserves: -€453,000
- Other debts -€142,807
down €142,807 (-72.0%), from €198,282 to €55,476
- Debts after one year -€30,418
down €30,418 (-11.5%), from €264,860 to €234,442
- Tax, wage and social debts +€22,650
new in 2024: €22,650
- Profit (loss) carried forward -€18,999
down €18,999 (-12.8%), from -€148,278 to -€167,277
- Gross operating margin +€10,289
up €10,289 (+36.7%), from €28,065 to €38,354
- Depreciation +€5,038
up €5,038 (+13.8%), from €36,539 to €41,576
- Other operating charges +€2,823
up €2,823 (+294%), from €960 to €3,784
- Financial charges -€2,538
down €2,538 (-17.5%), from €14,531 to €11,993
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,260,302 | €630,810 | -€629,492 | -49.9% |
| Fixed assets | 21/28 | €660,428 | €628,032 | -€32,397 | -4.9% |
| Tangible fixed assets | 22/27 | €660,428 | €628,032 | -€32,397 | -4.9% |
| Land and buildings | 22 | €81,608 | €81,608 | = | 0.0% |
| Plant, machinery and equipment | 23 | €578,821 | €546,424 | -€32,397 | -5.6% |
| Current assets | 29/58 | €599,874 | €2,779 | -€597,095 | -99.5% |
| Amounts receivable within one year | 40/41 | €588,676 | - | -€588,676 | |
| Other amounts receivable | 41 | €588,676 | - | -€588,676 | |
| Cash at bank and in hand | 54/58 | €9,737 | €2,577 | -€7,160 | -73.5% |
| Deferred charges and accrued income | 490/1 | €1,461 | €202 | -€1,259 | -86.2% |
| Total equity and liabilities | 10/49 | €1,260,302 | €630,810 | -€629,492 | -49.9% |
| Equity | 10/15 | €756,521 | €284,522 | -€471,999 | -62.4% |
| Contributions | 10/11 | €124,000 | €130,200 | +€6,200 | +5.0% |
| Capital | 10 | €124,000 | - | -€124,000 | |
| Issued capital | 100 | €124,000 | - | -€124,000 | |
| Contributions outside capital | 11 | - | €130,200 | +€130,200 | |
| Share premium | 1100/10 | - | €130,200 | +€130,200 | |
| Reserves | 13 | €780,799 | €321,599 | -€459,200 | -58.8% |
| Non-distributable reserves | 130/1 | €6,200 | - | -€6,200 | |
| Legal reserve | 130 | €6,200 | - | -€6,200 | |
| Distributable reserves | 133 | €774,599 | €321,599 | -€453,000 | -58.5% |
| Profit (loss) carried forward | 14 | -€148,278 | -€167,277 | -€18,999 | -12.8% |
| Amounts payable | 17/49 | €503,781 | €346,289 | -€157,492 | -31.3% |
| Amounts payable after more than one year | 17 | €264,860 | €234,442 | -€30,418 | -11.5% |
| Financial debts | 170/4 | €264,860 | €234,442 | -€30,418 | -11.5% |
| Amounts payable within one year | 42/48 | €238,921 | €109,346 | -€129,575 | -54.2% |
| Current portion of amounts payable after more than one year | 42 | €26,718 | €30,418 | +€3,700 | +13.8% |
| Trade debts | 44 | €13,921 | €803 | -€13,118 | -94.2% |
| Suppliers | 440/4 | €13,921 | €803 | -€13,118 | -94.2% |
| Taxes, remuneration and social security | 45 | - | €22,650 | +€22,650 | |
| Taxes | 450/3 | - | €22,650 | +€22,650 | |
| Other amounts payable | 47/48 | €198,282 | €55,476 | -€142,807 | -72.0% |
| Accrued charges and deferred income | 492/3 | - | €2,500 | +€2,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,539 | €41,576 | +€5,038 | +13.8% |
| Other operating charges | 640/8 | €960 | €3,784 | +€2,823 | +294% |
| Gross operating margin | 9900 | €28,065 | €38,354 | +€10,289 | +36.7% |
| Operating profit (loss) | 9901 | -€9,434 | -€7,006 | +€2,428 | +25.7% |
| Financial charges | 65/66B | €14,531 | €11,993 | -€2,538 | -17.5% |
| Recurring financial charges | 65 | €14,531 | €11,993 | -€2,538 | -17.5% |
| Profit (loss) for the period before taxes | 9903 | -€23,964 | -€18,999 | +€4,965 | +20.7% |
| Profit (loss) for the period | 9904 | -€23,964 | -€18,999 | +€4,965 | +20.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,964 | -€18,999 | +€4,965 | +20.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.