MADINA TRADING: 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.
MADINA TRADING
Largest movements
- Receivables within one year -€6,244
down €6,244 (-15.3%), from €40,760 to €34,516
of which Other amounts receivable: -€6,018
- Tangible fixed assets -€1,091
down €1,091 (-11.3%), from €9,639 to €8,548
- Tax, wage and social debts -€5,940
down €5,940 (-27.1%), from €21,961 to €16,020
- Profit (loss) carried forward -€1,724
down €1,724 (-2.3%), from €74,844 to €73,120
- Taxes -€20,682
no longer reported in 2025 (was €20,682)
- Staff costs +€749
no longer reported in 2025 (was -€749)
- Gross operating margin +€366
up €366 (+74.8%), from -€489 to -€123
- Purchases and services +€99
up €99 (+20.3%), from €489 to €588
- Other operating charges -€36
down €36 (-8.1%), from €443 to €407
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 | €105,757 | €98,241 | -€7,516 | -7.1% |
| Fixed assets | 21/28 | €9,639 | €8,548 | -€1,091 | -11.3% |
| Tangible fixed assets | 22/27 | €9,639 | €8,548 | -€1,091 | -11.3% |
| Other tangible fixed assets | 26 | €9,639 | €8,548 | -€1,091 | -11.3% |
| Current assets | 29/58 | €96,118 | €89,694 | -€6,425 | -6.7% |
| Amounts receivable within one year | 40/41 | €40,760 | €34,516 | -€6,244 | -15.3% |
| Trade receivables | 40 | €15,982 | €15,756 | -€226 | -1.4% |
| Other amounts receivable | 41 | €24,778 | €18,759 | -€6,018 | -24.3% |
| Cash at bank and in hand | 54/58 | €55,359 | €55,178 | -€181 | -0.3% |
| Total equity and liabilities | 10/49 | €105,757 | €98,241 | -€7,516 | -7.1% |
| Equity | 10/15 | €76,115 | €74,391 | -€1,724 | -2.3% |
| Contributions | 10/11 | €1,271 | €1,271 | = | 0.0% |
| Profit (loss) carried forward | 14 | €74,844 | €73,120 | -€1,724 | -2.3% |
| Amounts payable | 17/49 | €29,642 | €23,850 | -€5,792 | -19.5% |
| Amounts payable within one year | 42/48 | €29,642 | €23,850 | -€5,792 | -19.5% |
| Trade debts | 44 | - | €148 | +€148 | |
| Suppliers | 440/4 | - | €148 | +€148 | |
| Taxes, remuneration and social security | 45 | €21,961 | €16,020 | -€5,940 | -27.1% |
| Taxes | 450/3 | €21,961 | €16,020 | -€5,940 | -27.1% |
| Other amounts payable | 47/48 | €7,682 | €7,682 | = | 0.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €489 | €588 | +€99 | +20.3% |
| Remuneration, social security and pensions | 62 | -€749 | - | +€749 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,091 | €1,091 | = | 0.0% |
| Other operating charges | 640/8 | €443 | €407 | -€36 | -8.1% |
| Gross operating margin | 9900 | -€489 | -€123 | +€366 | +74.8% |
| Operating profit (loss) | 9901 | -€1,274 | -€1,622 | -€347 | -27.3% |
| Financial charges | 65/66B | €102 | €102 | -€0 | -0.2% |
| Recurring financial charges | 65 | €102 | €102 | -€0 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | -€1,376 | -€1,724 | -€347 | -25.2% |
| Income taxes | 67/77 | €20,682 | - | -€20,682 | |
| Profit (loss) for the period | 9904 | -€22,059 | -€1,724 | +€20,335 | +92.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,059 | -€1,724 | +€20,335 | +92.2% |
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 1 November 2026 via checked.be.