MADHA ANALYTICS: 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.
MADHA ANALYTICS
Largest movements
- Cash +€60,165
up €60,165 (+57.4%), from €104,851 to €165,016
mainly Net result for the year (+€93,268) and Tax, wage and social debts (+€2,018)
- Receivables within one year +€17,647
new in 2025: €17,647
- Profit (loss) carried forward +€92,435
up €92,435 (+129.7%), from €71,258 to €163,693
- Debts after one year -€14,386
no longer reported in 2025 (was €14,386)
- Tax, wage and social debts +€2,018
up €2,018 (+13.8%), from €14,634 to €16,652
of which Taxes: +€10,676
- Gross operating margin +€53,406
up €53,406 (+59.5%), from €89,705 to €143,111
- Taxes -€3,905
down €3,905 (-17.4%), from €22,500 to €18,595
- Other operating charges -€1,800
no longer reported in 2025 (was €1,800)
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 | €104,851 | €184,257 | +€79,406 | +75.7% |
| Fixed assets | 21/28 | - | €1,594 | +€1,594 | |
| Tangible fixed assets | 22/27 | - | €1,594 | +€1,594 | |
| Furniture and vehicles | 24 | - | €1,594 | +€1,594 | |
| Current assets | 29/58 | €104,851 | €182,663 | +€77,812 | +74.2% |
| Amounts receivable within one year | 40/41 | - | €17,647 | +€17,647 | |
| Trade receivables | 40 | - | €17,647 | +€17,647 | |
| Cash at bank and in hand | 54/58 | €104,851 | €165,016 | +€60,165 | +57.4% |
| Total equity and liabilities | 10/49 | €104,851 | €184,257 | +€79,406 | +75.7% |
| Equity | 10/15 | €74,258 | €166,693 | +€92,435 | +124.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €71,258 | €163,693 | +€92,435 | +129.7% |
| Amounts payable | 17/49 | €30,593 | €17,564 | -€13,029 | -42.6% |
| Amounts payable after more than one year | 17 | €14,386 | - | -€14,386 | |
| Other amounts payable | 178/9 | €14,386 | - | -€14,386 | |
| Amounts payable within one year | 42/48 | €16,207 | €17,564 | +€1,357 | +8.4% |
| Taxes, remuneration and social security | 45 | €14,634 | €16,652 | +€2,018 | +13.8% |
| Taxes | 450/3 | €5,976 | €16,652 | +€10,676 | +178.6% |
| Remuneration and social security | 454/9 | €8,658 | - | -€8,658 | |
| Other amounts payable | 47/48 | €1,573 | €912 | -€661 | -42.0% |
| Remuneration, social security and pensions | 62 | €31,248 | €31,248 | = | 0.0% |
| Other operating charges | 640/8 | €1,800 | - | -€1,800 | |
| Gross operating margin | 9900 | €89,705 | €143,111 | +€53,406 | +59.5% |
| Operating profit (loss) | 9901 | €56,657 | €111,863 | +€55,206 | +97.4% |
| Financial charges | 65/66B | €1,369 | - | -€1,369 | |
| Recurring financial charges | 65 | €1,369 | - | -€1,369 | |
| Profit (loss) for the period before taxes | 9903 | €55,288 | €111,863 | +€56,575 | +102.3% |
| Income taxes | 67/77 | €22,500 | €18,595 | -€3,905 | -17.4% |
| Profit (loss) for the period | 9904 | €32,788 | €93,268 | +€60,480 | +184.5% |
| Profit (loss) for the period to be appropriated | 9905 | €32,788 | €93,268 | +€60,480 | +184.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.