Madident: what changed
Two fiscal 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.
Madident
Largest movements
- Current investments +€50,000
up €50,000 (+33.3%), from €150,000 to €200,000
- Tangible fixed assets -€16,085
down €16,085 (-60.0%), from €26,789 to €10,704
of which Furniture and vehicles: -€12,016
- Receivables within one year -€9,844
down €9,844 (-65.4%), from €15,045 to €5,201
of which Other amounts receivable: -€11,021
- Cash +€9,841
up €9,841 (+11.3%), from €86,739 to €96,581
mainly Net result for the year (+€116,266) and Other debts (+€104,807)
- Other debts +€104,807
up €104,807 (+702.6%), from €14,917 to €119,724
- Reserves -€83,734
down €83,734 (-35.3%), from €237,109 to €153,375
- Advances received +€5,350
new in 2025: €5,350
- Tax, wage and social debts +€5,276
up €5,276 (+114.3%), from €4,616 to €9,893
- Financial income +€3,754
up €3,754 (+418.8%), from €896 to €4,650
- Taxes +€2,880
up €2,880 (+7.8%), from €36,979 to €39,859
- Gross operating margin -€2,857
down €2,857 (-1.7%), from €172,032 to €169,176
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 | €285,171 | €319,281 | +€34,109 | +12.0% |
| Fixed assets | 21/28 | €26,789 | €10,704 | -€16,085 | -60.0% |
| Tangible fixed assets | 22/27 | €26,789 | €10,704 | -€16,085 | -60.0% |
| Plant, machinery and equipment | 23 | €7,711 | €3,642 | -€4,068 | -52.8% |
| Furniture and vehicles | 24 | €19,078 | €7,062 | -€12,016 | -63.0% |
| Current assets | 29/58 | €258,382 | €308,577 | +€50,194 | +19.4% |
| Stocks and contracts in progress | 3 | €1,341 | €1,486 | +€145 | +10.8% |
| Stocks | 30/36 | €1,341 | €1,486 | +€145 | +10.8% |
| Amounts receivable within one year | 40/41 | €15,045 | €5,201 | -€9,844 | -65.4% |
| Trade receivables | 40 | €4,024 | €5,201 | +€1,177 | +29.3% |
| Other amounts receivable | 41 | €11,021 | - | -€11,021 | |
| Current investments | 50/53 | €150,000 | €200,000 | +€50,000 | +33.3% |
| Cash at bank and in hand | 54/58 | €86,739 | €96,581 | +€9,841 | +11.3% |
| Deferred charges and accrued income | 490/1 | €5,257 | €5,309 | +€52 | +1.0% |
| Total equity and liabilities | 10/49 | €285,171 | €319,281 | +€34,109 | +12.0% |
| Equity | 10/15 | €255,659 | €171,925 | -€83,734 | -32.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €237,109 | €153,375 | -€83,734 | -35.3% |
| Distributable reserves | 133 | €237,109 | €153,375 | -€83,734 | -35.3% |
| Amounts payable | 17/49 | €29,513 | €147,356 | +€117,843 | +399.3% |
| Amounts payable within one year | 42/48 | €29,513 | €147,356 | +€117,843 | +399.3% |
| Trade debts | 44 | €9,979 | €12,389 | +€2,410 | +24.2% |
| Suppliers | 440/4 | €9,979 | €12,389 | +€2,410 | +24.2% |
| Advances received on contracts in progress | 46 | - | €5,350 | +€5,350 | |
| Taxes, remuneration and social security | 45 | €4,616 | €9,893 | +€5,276 | +114.3% |
| Taxes | 450/3 | €4,616 | €9,893 | +€5,276 | +114.3% |
| Other amounts payable | 47/48 | €14,917 | €119,724 | +€104,807 | +702.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,467 | €16,085 | -€382 | -2.3% |
| Other operating charges | 640/8 | €964 | €1,071 | +€107 | +11.1% |
| Gross operating margin | 9900 | €172,032 | €169,176 | -€2,857 | -1.7% |
| Operating profit (loss) | 9901 | €154,601 | €152,020 | -€2,581 | -1.7% |
| Financial income | 75/76B | €896 | €4,650 | +€3,754 | +418.8% |
| Recurring financial income | 75 | €896 | €4,650 | +€3,754 | +418.8% |
| Financial charges | 65/66B | €427 | €544 | +€118 | +27.6% |
| Recurring financial charges | 65 | €427 | €544 | +€118 | +27.6% |
| Profit (loss) for the period before taxes | 9903 | €155,071 | €156,125 | +€1,055 | +0.7% |
| Income taxes | 67/77 | €36,979 | €39,859 | +€2,880 | +7.8% |
| Profit (loss) for the period | 9904 | €118,092 | €116,266 | -€1,826 | -1.5% |
| Profit (loss) for the period to be appropriated | 9905 | €118,092 | €116,266 | -€1,826 | -1.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.