MADIBU GROUP: what changed
What changed
MADIBU GROUP
NACE 41.001, General construction of residential buildings
filed annual accounts (NBB)
Net result for the year
€5,061
2024 · €9,854-€4,793
Equity
€50,461
2024 · €45,401+€5,061
Cash
€5,302
2024 · €24,768-€19,466
Balance sheet total
€609,455
2024 · €575,652+€33,803
Largest movements
Assets
- Receivables within one year +€63,411
up €63,411 (+17.3%), from €366,043 to €429,454
of which Other amounts receivable: +€64,164
- Cash -€19,466
down €19,466 (-78.6%), from €24,768 to €5,302
mainly Trade debts (-€230,923) and Receivables within one year (-€63,411)
- Receivables after one year -€18,814
down €18,814 (-63.3%), from €29,736 to €10,922
Equity and liabilities
- Trade debts -€230,923
down €230,923 (-60.5%), from €381,516 to €150,592
of which Bills of exchange payable: -€238,241
- Current portion of long-term debt +€173,739
up €173,739 (+1,372%), from €12,668 to €186,407
- Debts after one year +€65,437
up €65,437 (+63.6%), from €102,896 to €168,333
- Short-term financial debts +€16,669
up €16,669 (+56.0%), from €29,745 to €46,414
Income statement
- Turnover +€288,742
up €288,742 (+19.2%), from €1.5m to €1.8m
- Purchases and services +€217,048
up €217,048 (+15.4%), from €1.4m to €1.6m
- Staff costs +€75,457
up €75,457 (+240%), from €31,387 to €106,844
- Gross operating margin +€71,694
up €71,694 (+78.1%), from €91,835 to €163,530
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€9,854
Gross operating margin
+€71,694
Staff costs
-€75,457
Depreciation
-€7,386
Other operating charges
+€5,848
Other operating items
+€4,836
Financial income
-€4,836
Financial charges
-€6,062
Taxes
+€6,569
Result 2025
€5,061
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€247,116
Investment
-€28,195
Financing
+€255,845
Cash 2024
€24,768
From operations (derived)
-€247,116
Net result for the year
+€5,061
Depreciation
+€19,523
Receivables after one year
+€18,814
Receivables within one year
-€63,411
Trade debts
-€230,923
Tax, wage and social debts
+€3,820
Investment (derived)
-€28,195
Investment in fixed assets (net)
-€28,195
Financing
+€255,845
Debts after one year
+€65,437
Current portion of long-term debt
+€173,739
Short-term financial debts
+€16,669
Cash 2025
€5,302
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €575,652 | €609,455 | +€33,803 | +5.9% |
| Fixed assets | 21/28 | €155,105 | €163,777 | +€8,672 | +5.6% |
| Tangible fixed assets | 22/27 | €155,105 | €157,977 | +€2,872 | +1.9% |
| Land and buildings | 22 | €139,269 | €135,313 | -€3,956 | -2.8% |
| Plant, machinery and equipment | 23 | €1,555 | €968 | -€587 | -37.8% |
| Furniture and vehicles | 24 | €14,281 | €21,696 | +€7,415 | +51.9% |
| Financial fixed assets | 28 | - | €5,800 | +€5,800 | |
| Current assets | 29/58 | €420,547 | €445,678 | +€25,131 | +6.0% |
| Amounts receivable after more than one year | 29 | €29,736 | €10,922 | -€18,814 | -63.3% |
| Other amounts receivable | 291 | €29,736 | €10,922 | -€18,814 | -63.3% |
| Amounts receivable within one year | 40/41 | €366,043 | €429,454 | +€63,411 | +17.3% |
| Trade receivables | 40 | €364,936 | €364,183 | -€753 | -0.2% |
| Other amounts receivable | 41 | €1,107 | €65,271 | +€64,164 | +5,798% |
| Cash at bank and in hand | 54/58 | €24,768 | €5,302 | -€19,466 | -78.6% |
| Total equity and liabilities | 10/49 | €575,652 | €609,455 | +€33,803 | +5.9% |
| Equity | 10/15 | €45,401 | €50,461 | +€5,061 | +11.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 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 | €37,341 | €42,401 | +€5,061 | +13.6% |
| Amounts payable | 17/49 | €530,251 | €558,993 | +€28,742 | +5.4% |
| Amounts payable after more than one year | 17 | €102,896 | €168,333 | +€65,437 | +63.6% |
| Financial debts | 170/4 | €102,896 | €168,333 | +€65,437 | +63.6% |
| Amounts payable within one year | 42/48 | €427,355 | €390,660 | -€36,695 | -8.6% |
| Current portion of amounts payable after more than one year | 42 | €12,668 | €186,407 | +€173,739 | +1,372% |
| Financial debts | 43 | €29,745 | €46,414 | +€16,669 | +56.0% |
| Credit institutions | 430/8 | €29,745 | €46,414 | +€16,669 | +56.0% |
| Trade debts | 44 | €381,516 | €150,592 | -€230,923 | -60.5% |
| Suppliers | 440/4 | €104,606 | €111,924 | +€7,318 | +7.0% |
| Bills of exchange payable | 441 | €276,909 | €38,668 | -€238,241 | -86.0% |
| Taxes, remuneration and social security | 45 | €3,427 | €7,247 | +€3,820 | +111% |
| Taxes | 450/3 | €905 | - | -€905 | |
| Remuneration and social security | 454/9 | €2,522 | €7,247 | +€4,726 | +187% |
| Turnover | 70 | €1,505,068 | €1,793,810 | +€288,742 | +19.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,413,233 | €1,630,281 | +€217,048 | +15.4% |
| Remuneration, social security and pensions | 62 | €31,387 | €106,844 | +€75,457 | +240% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,137 | €19,523 | +€7,386 | +60.9% |
| Other operating charges | 640/8 | €12,205 | €6,356 | -€5,848 | -47.9% |
| Non-recurring operating charges | 66A | €4,836 | - | -€4,836 | |
| Gross operating margin | 9900 | €91,835 | €163,530 | +€71,694 | +78.1% |
| Operating profit (loss) | 9901 | €31,271 | €30,806 | -€464 | -1.5% |
| Financial income | 75/76B | €4,836 | - | -€4,836 | |
| Recurring financial income | 75 | €4,836 | - | -€4,836 | |
| Non-recurring financial income | 76B | €4,836 | - | -€4,836 | |
| Financial charges | 65/66B | €17,347 | €23,409 | +€6,062 | +34.9% |
| Recurring financial charges | 65 | €17,347 | €23,409 | +€6,062 | +34.9% |
| Profit (loss) for the period before taxes | 9903 | €18,759 | €7,397 | -€11,362 | -60.6% |
| Income taxes | 67/77 | €8,905 | €2,336 | -€6,569 | -73.8% |
| Profit (loss) for the period | 9904 | €9,854 | €5,061 | -€4,793 | -48.6% |
| Profit (loss) for the period to be appropriated | 9905 | €9,854 | €5,061 | -€4,793 | -48.6% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.