MADI BCT: 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.
MADI BCT
Largest movements
- Tangible fixed assets -€7,069
down €7,069 (-24.6%), from €28,710 to €21,641
of which Furniture and vehicles: -€4,997
- Cash +€2,406
up €2,406 (+7.6%), from €31,489 to €33,895
mainly Net result for the year (+€16,699) and Depreciation (+€14,470)
- Receivables within one year -€1,101
down €1,101 (-96.5%), from €1,141 to €40
- Other debts -€17,500
no longer reported in 2025 (was €17,500)
- Profit (loss) carried forward +€16,699
up €16,699 (+54.2%), from €30,805 to €47,504
- Tax, wage and social debts -€4,698
down €4,698 (-62.6%), from €7,500 to €2,802
- Taxes +€16,895
new in 2025: €16,895
- Gross operating margin -€14,084
down €14,084 (-18.4%), from €76,605 to €62,521
- Staff costs +€5,905
up €5,905 (+77.1%), from €7,656 to €13,561
- Depreciation +€1,799
up €1,799 (+14.2%), from €12,671 to €14,470
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 | €61,340 | €55,576 | -€5,764 | -9.4% |
| Fixed assets | 21/28 | €28,710 | €21,641 | -€7,069 | -24.6% |
| Tangible fixed assets | 22/27 | €28,710 | €21,641 | -€7,069 | -24.6% |
| Plant, machinery and equipment | 23 | €3,107 | €1,035 | -€2,072 | -66.7% |
| Furniture and vehicles | 24 | €25,603 | €20,606 | -€4,997 | -19.5% |
| Current assets | 29/58 | €32,630 | €33,935 | +€1,305 | +4.0% |
| Amounts receivable within one year | 40/41 | €1,141 | €40 | -€1,101 | -96.5% |
| Trade receivables | 40 | €1,141 | €40 | -€1,101 | -96.5% |
| Cash at bank and in hand | 54/58 | €31,489 | €33,895 | +€2,406 | +7.6% |
| Total equity and liabilities | 10/49 | €61,340 | €55,576 | -€5,764 | -9.4% |
| Equity | 10/15 | €35,805 | €52,504 | +€16,699 | +46.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,805 | €47,504 | +€16,699 | +54.2% |
| Amounts payable | 17/49 | €25,535 | €3,072 | -€22,463 | -88.0% |
| Amounts payable within one year | 42/48 | €25,535 | €3,072 | -€22,463 | -88.0% |
| Trade debts | 44 | €535 | €270 | -€265 | -49.5% |
| Suppliers | 440/4 | €535 | €270 | -€265 | -49.5% |
| Taxes, remuneration and social security | 45 | €7,500 | €2,802 | -€4,698 | -62.6% |
| Taxes | 450/3 | €7,500 | €2,802 | -€4,698 | -62.6% |
| Other amounts payable | 47/48 | €17,500 | - | -€17,500 | |
| Remuneration, social security and pensions | 62 | €7,656 | €13,561 | +€5,905 | +77.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,671 | €14,470 | +€1,799 | +14.2% |
| Other operating charges | 640/8 | €371 | €700 | +€329 | +88.7% |
| Gross operating margin | 9900 | €76,605 | €62,521 | -€14,084 | -18.4% |
| Operating profit (loss) | 9901 | €55,907 | €33,790 | -€22,117 | -39.6% |
| Financial charges | 65/66B | €102 | €196 | +€94 | +92.2% |
| Recurring financial charges | 65 | €102 | €196 | +€94 | +92.2% |
| Profit (loss) for the period before taxes | 9903 | €55,805 | €33,594 | -€22,211 | -39.8% |
| Income taxes | 67/77 | - | €16,895 | +€16,895 | |
| Profit (loss) for the period | 9904 | €55,805 | €16,699 | -€39,106 | -70.1% |
| Profit (loss) for the period to be appropriated | 9905 | €55,805 | €16,699 | -€39,106 | -70.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.