MADI INFI: 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 INFI
Largest movements
- Tangible fixed assets -€28,305
down €28,305 (-97.1%), from €29,160 to €855
- Deferred charges and accrued income +€1,332
new in 2025: €1,332
- Cash +€1,214
up €1,214 (+9.3%), from €13,086 to €14,301
mainly Investment in fixed assets (net) (+€27,390) and Other debts (+€8,403)
- Debts after one year -€16,997
down €16,997 (-92.0%), from €18,485 to €1,488
- Profit (loss) carried forward -€10,832
no longer reported in 2025 (was €10,832)
- Other debts +€8,403
up €8,403 (+636%), from €1,321 to €9,724
- Current portion of long-term debt -€5,760
down €5,760 (-86.2%), from €6,683 to €923
- Trade debts -€792
down €792 (-16.4%), from €4,842 to €4,050
- Gross operating margin -€22,228
down €22,228, from €21,118 to -€1,109
- Depreciation -€7,657
down €7,657 (-89.3%), from €8,572 to €915
- Taxes -€5,167
no longer reported in 2025 (was €5,167)
- Other operating charges +€1,067
new in 2025: €1,067
- Financial charges +€232
up €232 (+12.7%), from €1,828 to €2,060
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 | €50,329 | €24,571 | -€25,759 | -51.2% |
| Fixed assets | 21/28 | €29,160 | €855 | -€28,305 | -97.1% |
| Tangible fixed assets | 22/27 | €29,160 | €855 | -€28,305 | -97.1% |
| Furniture and vehicles | 24 | €29,160 | €855 | -€28,305 | -97.1% |
| Current assets | 29/58 | €21,169 | €23,716 | +€2,546 | +12.0% |
| Amounts receivable within one year | 40/41 | €8,083 | €8,083 | = | 0.0% |
| Trade receivables | 40 | €8,083 | €8,083 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €13,086 | €14,301 | +€1,214 | +9.3% |
| Deferred charges and accrued income | 490/1 | - | €1,332 | +€1,332 | |
| Total equity and liabilities | 10/49 | €50,329 | €24,571 | -€25,759 | -51.2% |
| Equity | 10/15 | €13,832 | €3,219 | -€10,613 | -76.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €219 | +€219 | |
| Distributable reserves | 133 | - | €219 | +€219 | |
| Profit (loss) carried forward | 14 | €10,832 | - | -€10,832 | |
| Amounts payable | 17/49 | €36,497 | €21,352 | -€15,146 | -41.5% |
| Amounts payable after more than one year | 17 | €18,485 | €1,488 | -€16,997 | -92.0% |
| Financial debts | 170/4 | €18,485 | €1,488 | -€16,997 | -92.0% |
| Amounts payable within one year | 42/48 | €18,012 | €19,864 | +€1,851 | +10.3% |
| Current portion of amounts payable after more than one year | 42 | €6,683 | €923 | -€5,760 | -86.2% |
| Trade debts | 44 | €4,842 | €4,050 | -€792 | -16.4% |
| Suppliers | 440/4 | €4,842 | €4,050 | -€792 | -16.4% |
| Taxes, remuneration and social security | 45 | €5,167 | €5,167 | = | 0.0% |
| Taxes | 450/3 | €5,167 | - | -€5,167 | |
| Remuneration and social security | 454/9 | €0 | €5,167 | +€5,167 | |
| Other amounts payable | 47/48 | €1,321 | €9,724 | +€8,403 | +636% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,572 | €915 | -€7,657 | -89.3% |
| Other operating charges | 640/8 | - | €1,067 | +€1,067 | |
| Non-recurring operating charges | 66A | - | €5,484 | +€5,484 | |
| Gross operating margin | 9900 | €21,118 | -€1,109 | -€22,228 | |
| Operating profit (loss) | 9901 | €12,546 | -€8,575 | -€21,122 | |
| Financial income | 75/76B | - | €22 | +€22 | |
| Recurring financial income | 75 | - | €22 | +€22 | |
| Financial charges | 65/66B | €1,828 | €2,060 | +€232 | +12.7% |
| Recurring financial charges | 65 | €1,828 | €2,060 | +€232 | +12.7% |
| Profit (loss) for the period before taxes | 9903 | €10,719 | -€10,613 | -€21,332 | |
| Income taxes | 67/77 | €5,167 | - | -€5,167 | |
| Profit (loss) for the period | 9904 | €5,552 | -€10,613 | -€16,165 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,552 | -€10,613 | -€16,165 |
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 16 October 2026 via checked.be.