MADHAV DIAM: 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.
MADHAV DIAM
Largest movements
- Receivables within one year -€677,693
down €677,693 (-73.1%), from €926,502 to €248,809
of which Trade receivables: -€677,509
- Stocks and contracts +€406,121
up €406,121 (+30.4%), from €1.3m to €1.7m
- Cash -€197,126
down €197,126 (-87.0%), from €226,563 to €29,437
mainly Stocks and contracts (-€406,121) and Advances received (-€281,022)
- Tangible fixed assets +€31,765
up €31,765 (+6.4%), from €497,441 to €529,205
of which Plant, machinery and equipment: +€43,442
- Advances received -€281,022
no longer reported in 2025 (was €281,022)
- Trade debts -€170,010
down €170,010 (-77.8%), from €218,454 to €48,445
- Gross operating margin -€704,092
down €704,092 (-91.9%), from €766,367 to €62,275
- Financial income +€9,488
up €9,488 (+6,346%), from €150 to €9,638
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 | €2,986,116 | €2,549,183 | -€436,933 | -14.6% |
| Fixed assets | 21/28 | €497,441 | €529,205 | +€31,765 | +6.4% |
| Tangible fixed assets | 22/27 | €497,441 | €529,205 | +€31,765 | +6.4% |
| Land and buildings | 22 | €449,528 | €438,751 | -€10,777 | -2.4% |
| Plant, machinery and equipment | 23 | €42,827 | €86,269 | +€43,442 | +101% |
| Furniture and vehicles | 24 | €1,378 | €919 | -€459 | -33.3% |
| Other tangible fixed assets | 26 | €3,708 | €3,268 | -€440 | -11.9% |
| Current assets | 29/58 | €2,488,675 | €2,019,977 | -€468,698 | -18.8% |
| Stocks and contracts in progress | 3 | €1,335,611 | €1,741,732 | +€406,121 | +30.4% |
| Stocks | 30/36 | €1,335,611 | €1,741,732 | +€406,121 | +30.4% |
| Amounts receivable within one year | 40/41 | €926,502 | €248,809 | -€677,693 | -73.1% |
| Trade receivables | 40 | €925,583 | €248,074 | -€677,509 | -73.2% |
| Other amounts receivable | 41 | €919 | €735 | -€184 | -20.0% |
| Cash at bank and in hand | 54/58 | €226,563 | €29,437 | -€197,126 | -87.0% |
| Total equity and liabilities | 10/49 | €2,986,116 | €2,549,183 | -€436,933 | -14.6% |
| Equity | 10/15 | €2,411,321 | €2,431,526 | +€20,205 | +0.8% |
| Contributions | 10/11 | €192,800 | €192,800 | = | 0.0% |
| Reserves | 13 | €354,530 | €354,530 | = | 0.0% |
| Distributable reserves | 133 | €354,530 | €354,530 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,863,991 | €1,884,196 | +€20,205 | +1.1% |
| Amounts payable | 17/49 | €574,795 | €117,656 | -€457,138 | -79.5% |
| Amounts payable within one year | 42/48 | €574,795 | €117,656 | -€457,138 | -79.5% |
| Trade debts | 44 | €218,454 | €48,445 | -€170,010 | -77.8% |
| Suppliers | 440/4 | €218,454 | €48,445 | -€170,010 | -77.8% |
| Advances received on contracts in progress | 46 | €281,022 | - | -€281,022 | |
| Taxes, remuneration and social security | 45 | €22,300 | €16,878 | -€5,422 | -24.3% |
| Taxes | 450/3 | €22,300 | €16,878 | -€5,422 | -24.3% |
| Other amounts payable | 47/48 | €53,019 | €52,333 | -€685 | -1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,211 | €21,661 | -€3,550 | -14.1% |
| Other operating charges | 640/8 | €2,041 | €2,798 | +€757 | +37.1% |
| Gross operating margin | 9900 | €766,367 | €62,275 | -€704,092 | -91.9% |
| Operating profit (loss) | 9901 | €739,116 | €37,817 | -€701,299 | -94.9% |
| Financial income | 75/76B | €150 | €9,638 | +€9,488 | +6,346% |
| Recurring financial income | 75 | €150 | €9,638 | +€9,488 | +6,346% |
| Financial charges | 65/66B | €13,350 | €10,990 | -€2,360 | -17.7% |
| Recurring financial charges | 65 | €13,350 | €10,990 | -€2,360 | -17.7% |
| Profit (loss) for the period before taxes | 9903 | €725,915 | €36,464 | -€689,451 | -95.0% |
| Income taxes | 67/77 | €22,280 | €16,259 | -€6,021 | -27.0% |
| Profit (loss) for the period | 9904 | €703,635 | €20,205 | -€683,430 | -97.1% |
| Profit (loss) for the period to be appropriated | 9905 | €703,635 | €20,205 | -€683,430 | -97.1% |
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 17 October 2026 via checked.be.