MADI CONSTRUCT: 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 CONSTRUCT
Largest movements
- Cash +€129,092
up €129,092 (+620%), from €20,833 to €149,925
mainly Net result for the year (+€58,304) and Other debts (+€50,531)
- Receivables within one year -€49,130
down €49,130 (-18.4%), from €266,891 to €217,761
of which Other amounts receivable: -€44,902
- Tangible fixed assets -€4,161
down €4,161 (-13.0%), from €32,065 to €27,904
of which Land and buildings: -€2,500
- Other debts +€50,531
up €50,531 (+627%), from €8,054 to €58,586
- Tax, wage and social debts +€36,526
up €36,526 (+200%), from €18,254 to €54,780
of which Taxes: +€32,307
- Trade debts -€19,551
down €19,551 (-46.4%), from €42,163 to €22,612
- Advances received +€8,438
new in 2024: €8,438
- Gross operating margin -€32,295
down €32,295 (-25.4%), from €127,072 to €94,777
- Staff costs -€13,788
down €13,788 (-93.4%), from €14,758 to €970
- Other operating charges -€12,263
down €12,263 (-80.6%), from €15,209 to €2,946
- Taxes -€2,107
down €2,107 (-8.5%), from €24,915 to €22,808
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 | €329,580 | €405,005 | +€75,424 | +22.9% |
| Fixed assets | 21/28 | €32,235 | €28,074 | -€4,161 | -12.9% |
| Tangible fixed assets | 22/27 | €32,065 | €27,904 | -€4,161 | -13.0% |
| Land and buildings | 22 | €22,425 | €19,925 | -€2,500 | -11.1% |
| Plant, machinery and equipment | 23 | €4,247 | €4,374 | +€127 | +3.0% |
| Furniture and vehicles | 24 | €5,394 | €3,605 | -€1,788 | -33.2% |
| Financial fixed assets | 28 | €170 | €170 | = | 0.0% |
| Current assets | 29/58 | €297,345 | €376,931 | +€79,586 | +26.8% |
| Amounts receivable within one year | 40/41 | €266,891 | €217,761 | -€49,130 | -18.4% |
| Trade receivables | 40 | €22,632 | €18,404 | -€4,228 | -18.7% |
| Other amounts receivable | 41 | €244,259 | €199,357 | -€44,902 | -18.4% |
| Cash at bank and in hand | 54/58 | €20,833 | €149,925 | +€129,092 | +620% |
| Deferred charges and accrued income | 490/1 | €9,621 | €9,245 | -€376 | -3.9% |
| Total equity and liabilities | 10/49 | €329,580 | €405,005 | +€75,424 | +22.9% |
| Equity | 10/15 | €229,449 | €228,929 | -€520 | -0.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €215,189 | €214,669 | -€520 | -0.2% |
| Provisions and deferred taxes | 16 | €30,864 | €30,864 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €30,864 | €30,864 | = | 0.0% |
| Other liabilities and charges | 164/5 | €30,864 | €30,864 | = | 0.0% |
| Amounts payable | 17/49 | €69,268 | €145,212 | +€75,944 | +110% |
| Amounts payable within one year | 42/48 | €68,471 | €144,415 | +€75,944 | +111% |
| Trade debts | 44 | €42,163 | €22,612 | -€19,551 | -46.4% |
| Suppliers | 440/4 | €42,163 | €22,612 | -€19,551 | -46.4% |
| Advances received on contracts in progress | 46 | - | €8,438 | +€8,438 | |
| Taxes, remuneration and social security | 45 | €18,254 | €54,780 | +€36,526 | +200% |
| Taxes | 450/3 | €18,237 | €50,545 | +€32,307 | +177% |
| Remuneration and social security | 454/9 | €16 | €4,235 | +€4,219 | +25,899% |
| Other amounts payable | 47/48 | €8,054 | €58,586 | +€50,531 | +627% |
| Accrued charges and deferred income | 492/3 | €797 | €797 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €14,758 | €970 | -€13,788 | -93.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,482 | €8,391 | -€91 | -1.1% |
| Other operating charges | 640/8 | €15,209 | €2,946 | -€12,263 | -80.6% |
| Gross operating margin | 9900 | €127,072 | €94,777 | -€32,295 | -25.4% |
| Operating profit (loss) | 9901 | €88,623 | €82,470 | -€6,153 | -6.9% |
| Financial income | 75/76B | €58 | €31 | -€27 | -46.0% |
| Recurring financial income | 75 | €58 | €31 | -€27 | -46.0% |
| Financial charges | 65/66B | €973 | €1,389 | +€416 | +42.8% |
| Recurring financial charges | 65 | €973 | €1,389 | +€416 | +42.8% |
| Profit (loss) for the period before taxes | 9903 | €87,708 | €81,112 | -€6,596 | -7.5% |
| Income taxes | 67/77 | €24,915 | €22,808 | -€2,107 | -8.5% |
| Profit (loss) for the period | 9904 | €62,793 | €58,304 | -€4,489 | -7.1% |
| Profit (loss) for the period to be appropriated | 9905 | €62,793 | €58,304 | -€4,489 | -7.1% |
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.