MADF CONSULT: what changed
Two fiscal 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.
MADF CONSULT
Largest movements
- Receivables after one year +€30,000
new in 2024: €30,000
- Receivables within one year +€10,186
up €10,186 (+105.7%), from €9,639 to €19,825
of which Trade receivables: +€10,380
- Tangible fixed assets +€5,367
up €5,367 (+12.4%), from €43,164 to €48,531
of which Furniture and vehicles: +€6,303
- Cash -€3,219
down €3,219 (-3.9%), from €83,142 to €79,923
mainly Receivables after one year (-€30,000) and Contributions, distributions and other (-€18,000)
- Reserves +€40,000
up €40,000 (+56.9%), from €70,250 to €110,250
of which Distributable reserves: +€40,000
- Trade debts +€18,316
up €18,316 (+855.2%), from €2,142 to €20,458
of which Suppliers: +€20,458
- Tax, wage and social debts -€13,416
down €13,416 (-32.1%), from €41,768 to €28,352
of which Remuneration and social security: -€7,361
- Debts after one year -€7,431
down €7,431 (-58.9%), from €12,609 to €5,178
- Accrued charges and deferred income +€3,482
new in 2024: €3,482
- Depreciation +€4,425
up €4,425 (+64.4%), from €6,876 to €11,301
- Taxes -€3,978
down €3,978 (-18.4%), from €21,604 to €17,626
- Other operating charges -€2,383
down €2,383 (-85.0%), from €2,805 to €422
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.
Cash bridge derived
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 | €139,216 | €182,481 | +€43,265 | +31.1% |
| Fixed assets | 21/28 | €43,164 | €48,531 | +€5,367 | +12.4% |
| Tangible fixed assets | 22/27 | €43,164 | €48,531 | +€5,367 | +12.4% |
| Plant, machinery and equipment | 23 | €3,683 | €2,747 | -€936 | -25.4% |
| Furniture and vehicles | 24 | €39,481 | €45,784 | +€6,303 | +16.0% |
| Current assets | 29/58 | €96,052 | €133,950 | +€37,898 | +39.5% |
| Amounts receivable after more than one year | 29 | - | €30,000 | +€30,000 | |
| Other amounts receivable | 291 | - | €30,000 | +€30,000 | |
| Amounts receivable within one year | 40/41 | €9,639 | €19,825 | +€10,186 | +105.7% |
| Trade receivables | 40 | €9,114 | €19,495 | +€10,380 | +113.9% |
| Other amounts receivable | 41 | €524 | €330 | -€194 | -37.1% |
| Cash at bank and in hand | 54/58 | €83,142 | €79,923 | -€3,219 | -3.9% |
| Deferred charges and accrued income | 490/1 | €3,272 | €4,202 | +€930 | +28.4% |
| Total equity and liabilities | 10/49 | €139,216 | €182,481 | +€43,265 | +31.1% |
| Equity | 10/15 | €82,455 | €124,638 | +€42,183 | +51.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Outside capital | 11 | €2,500 | €2,500 | = | 0.0% |
| Other | 1109/19 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €70,250 | €110,250 | +€40,000 | +56.9% |
| Non-distributable reserves | 130/1 | €250 | €250 | = | 0.0% |
| Reserves not available under the articles | 1311 | €250 | €250 | = | 0.0% |
| Distributable reserves | 133 | €70,000 | €110,000 | +€40,000 | +57.1% |
| Profit (loss) carried forward | 14 | €9,705 | €11,888 | +€2,183 | +22.5% |
| Amounts payable | 17/49 | €56,761 | €57,844 | +€1,082 | +1.9% |
| Amounts payable after more than one year | 17 | €12,609 | €5,178 | -€7,431 | -58.9% |
| Financial debts | 170/4 | €12,609 | €5,178 | -€7,431 | -58.9% |
| Amounts payable within one year | 42/48 | €44,152 | €49,184 | +€5,032 | +11.4% |
| Trade debts | 44 | €2,142 | €20,458 | +€18,316 | +855.2% |
| Suppliers | 440/4 | - | €20,458 | +€20,458 | |
| Bills of exchange payable | 441 | €2,142 | - | -€2,142 | |
| Taxes, remuneration and social security | 45 | €41,768 | €28,352 | -€13,416 | -32.1% |
| Taxes | 450/3 | €34,407 | €28,352 | -€6,055 | -17.6% |
| Remuneration and social security | 454/9 | €7,361 | - | -€7,361 | |
| Other amounts payable | 47/48 | €242 | €375 | +€132 | +54.7% |
| Accrued charges and deferred income | 492/3 | - | €3,482 | +€3,482 | |
| Non-recurring operating income | 76A | - | €13,354 | +€13,354 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,876 | €11,301 | +€4,425 | +64.4% |
| Other operating charges | 640/8 | €2,805 | €422 | -€2,383 | -85.0% |
| Gross operating margin | 9900 | €89,811 | €90,102 | +€291 | +0.3% |
| Operating profit (loss) | 9901 | €80,130 | €78,379 | -€1,751 | -2.2% |
| Financial income | 75/76B | - | €56 | +€56 | |
| Recurring financial income | 75 | - | €56 | +€56 | |
| Financial charges | 65/66B | €998 | €626 | -€372 | -37.3% |
| Recurring financial charges | 65 | €998 | €626 | -€372 | -37.3% |
| Profit (loss) for the period before taxes | 9903 | €79,132 | €77,809 | -€1,323 | -1.7% |
| Income taxes | 67/77 | €21,604 | €17,626 | -€3,978 | -18.4% |
| Profit (loss) for the period | 9904 | €57,528 | €60,183 | +€2,655 | +4.6% |
| Profit (loss) for the period to be appropriated | 9905 | €57,528 | €60,183 | +€2,655 | +4.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.