MADILA: 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.
MADILA
Largest movements
- Cash +€46,223
up €46,223 (+38.5%), from €120,039 to €166,262
mainly Net result for the year (+€107,481) and Depreciation (+€35,242)
- Tangible fixed assets -€35,242
down €35,242 (-2.4%), from €1.5m to €1.5m
of which Land and buildings: -€32,999
- Profit (loss) carried forward +€107,481
up €107,481 (+31.4%), from €341,971 to €449,452
- Current portion of long-term debt -€41,582
down €41,582 (-50.2%), from €82,840 to €41,258
- Debts after one year -€41,258
down €41,258 (-8.3%), from €495,374 to €454,116
of which Financial debts: -€41,258
- Other debts -€34,049
down €34,049 (-10.6%), from €320,469 to €286,420
- Gross operating margin +€94,552
up €94,552 (+49.7%), from €190,128 to €284,680
- Staff costs +€18,425
up €18,425 (+36.7%), from €50,142 to €68,567
- Taxes +€13,209
up €13,209 (+94.4%), from €13,989 to €27,198
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 | €1,633,344 | €1,639,612 | +€6,268 | +0.4% |
| Fixed assets | 21/28 | €1,498,795 | €1,463,553 | -€35,242 | -2.4% |
| Tangible fixed assets | 22/27 | €1,498,795 | €1,463,553 | -€35,242 | -2.4% |
| Land and buildings | 22 | €1,493,407 | €1,460,408 | -€32,999 | -2.2% |
| Plant, machinery and equipment | 23 | €4,147 | €3,145 | -€1,002 | -24.2% |
| Furniture and vehicles | 24 | €1,241 | - | -€1,241 | |
| Current assets | 29/58 | €134,549 | €176,059 | +€41,510 | +30.9% |
| Stocks and contracts in progress | 3 | €1,930 | €1,860 | -€70 | -3.6% |
| Stocks | 30/36 | €1,930 | €1,860 | -€70 | -3.6% |
| Amounts receivable within one year | 40/41 | €9,178 | €6,620 | -€2,558 | -27.9% |
| Trade receivables | 40 | €7,152 | €5,287 | -€1,865 | -26.1% |
| Other amounts receivable | 41 | €2,026 | €1,333 | -€693 | -34.2% |
| Cash at bank and in hand | 54/58 | €120,039 | €166,262 | +€46,223 | +38.5% |
| Deferred charges and accrued income | 490/1 | €3,402 | €1,317 | -€2,085 | -61.3% |
| Total equity and liabilities | 10/49 | €1,633,344 | €1,639,612 | +€6,268 | +0.4% |
| Equity | 10/15 | €451,971 | €559,452 | +€107,481 | +23.8% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €341,971 | €449,452 | +€107,481 | +31.4% |
| Amounts payable | 17/49 | €1,181,373 | €1,080,160 | -€101,213 | -8.6% |
| Amounts payable after more than one year | 17 | €495,374 | €454,116 | -€41,258 | -8.3% |
| Financial debts | 170/4 | €486,874 | €445,616 | -€41,258 | -8.5% |
| Other amounts payable | 178/9 | €8,500 | €8,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €685,842 | €625,887 | -€59,955 | -8.7% |
| Current portion of amounts payable after more than one year | 42 | €82,840 | €41,258 | -€41,582 | -50.2% |
| Financial debts | 43 | - | €3,797 | +€3,797 | |
| Credit institutions | 430/8 | - | €3,797 | +€3,797 | |
| Trade debts | 44 | €124,220 | €123,026 | -€1,194 | -1.0% |
| Suppliers | 440/4 | €124,220 | €123,026 | -€1,194 | -1.0% |
| Taxes, remuneration and social security | 45 | €158,313 | €171,386 | +€13,073 | +8.3% |
| Taxes | 450/3 | €19,459 | €3,463 | -€15,996 | -82.2% |
| Remuneration and social security | 454/9 | €138,854 | €167,923 | +€29,069 | +20.9% |
| Other amounts payable | 47/48 | €320,469 | €286,420 | -€34,049 | -10.6% |
| Accrued charges and deferred income | 492/3 | €157 | €157 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €50,142 | €68,567 | +€18,425 | +36.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,920 | €35,242 | -€1,678 | -4.5% |
| Other operating charges | 640/8 | €36,146 | €34,917 | -€1,229 | -3.4% |
| Gross operating margin | 9900 | €190,128 | €284,680 | +€94,552 | +49.7% |
| Operating profit (loss) | 9901 | €66,920 | €145,954 | +€79,034 | +118.1% |
| Financial income | 75/76B | €1,707 | €469 | -€1,238 | -72.5% |
| Recurring financial income | 75 | €1,707 | €469 | -€1,238 | -72.5% |
| Financial charges | 65/66B | €9,705 | €11,744 | +€2,039 | +21.0% |
| Recurring financial charges | 65 | €9,705 | €11,744 | +€2,039 | +21.0% |
| Profit (loss) for the period before taxes | 9903 | €58,922 | €134,679 | +€75,757 | +128.6% |
| Income taxes | 67/77 | €13,989 | €27,198 | +€13,209 | +94.4% |
| Profit (loss) for the period | 9904 | €44,933 | €107,481 | +€62,548 | +139.2% |
| Profit (loss) for the period to be appropriated | 9905 | €44,933 | €107,481 | +€62,548 | +139.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.