MADINIA: 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.
MADINIA
Largest movements
- Tangible fixed assets -€19,502
down €19,502 (-14.5%), from €134,718 to €115,215
of which Land and buildings: -€12,654
- Cash -€6,506
down €6,506 (-48.7%), from €13,356 to €6,851
mainly Trade debts (-€43,808) and Stocks and contracts (-€2,566)
- Trade debts -€43,808
down €43,808 (-51.6%), from €84,908 to €41,100
- Tax, wage and social debts +€10,084
up €10,084 (+70.8%), from €14,243 to €24,326
of which Taxes: +€10,084
- Other debts +€8,616
up €8,616 (+54.3%), from €15,856 to €24,472
- Gross operating margin +€36,683
up €36,683, from -€10,687 to €25,996
- Depreciation +€1,296
up €1,296 (+6.4%), from €20,112 to €21,408
- Financial charges +€430
up €430 (+16.2%), from €2,652 to €3,082
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 | €269,258 | €245,816 | -€23,442 | -8.7% |
| Fixed assets | 21/28 | €134,718 | €115,215 | -€19,502 | -14.5% |
| Tangible fixed assets | 22/27 | €134,718 | €115,215 | -€19,502 | -14.5% |
| Land and buildings | 22 | €98,576 | €85,923 | -€12,654 | -12.8% |
| Plant, machinery and equipment | 23 | €15,180 | €11,902 | -€3,278 | -21.6% |
| Furniture and vehicles | 24 | €20,961 | €17,391 | -€3,570 | -17.0% |
| Current assets | 29/58 | €134,540 | €130,600 | -€3,940 | -2.9% |
| Stocks and contracts in progress | 3 | €121,184 | €123,750 | +€2,566 | +2.1% |
| Stocks | 30/36 | €121,184 | €123,750 | +€2,566 | +2.1% |
| Cash at bank and in hand | 54/58 | €13,356 | €6,851 | -€6,506 | -48.7% |
| Total equity and liabilities | 10/49 | €269,258 | €245,816 | -€23,442 | -8.7% |
| Equity | 10/15 | €154,252 | €155,918 | +€1,666 | +1.1% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €113,808 | €113,808 | = | 0.0% |
| Distributable reserves | 133 | €113,808 | €113,808 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,457 | €11,123 | +€1,666 | +17.6% |
| Amounts payable | 17/49 | €115,006 | €89,898 | -€25,108 | -21.8% |
| Amounts payable within one year | 42/48 | €115,006 | €89,898 | -€25,108 | -21.8% |
| Trade debts | 44 | €84,908 | €41,100 | -€43,808 | -51.6% |
| Suppliers | 440/4 | €84,908 | €41,100 | -€43,808 | -51.6% |
| Taxes, remuneration and social security | 45 | €14,243 | €24,326 | +€10,084 | +70.8% |
| Taxes | 450/3 | €11,501 | €21,584 | +€10,084 | +87.7% |
| Remuneration and social security | 454/9 | €2,742 | €2,742 | = | 0.0% |
| Other amounts payable | 47/48 | €15,856 | €24,472 | +€8,616 | +54.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,112 | €21,408 | +€1,296 | +6.4% |
| Other operating charges | 640/8 | €502 | €507 | +€5 | +1.0% |
| Gross operating margin | 9900 | -€10,687 | €25,996 | +€36,683 | |
| Operating profit (loss) | 9901 | -€31,302 | €4,080 | +€35,382 | |
| Financial income | 75/76B | €829 | €873 | +€44 | +5.3% |
| Recurring financial income | 75 | €829 | €873 | +€44 | +5.3% |
| Financial charges | 65/66B | €2,652 | €3,082 | +€430 | +16.2% |
| Recurring financial charges | 65 | €2,652 | €3,082 | +€430 | +16.2% |
| Profit (loss) for the period before taxes | 9903 | -€33,124 | €1,872 | +€34,996 | |
| Income taxes | 67/77 | €154 | €206 | +€51 | +33.4% |
| Profit (loss) for the period | 9904 | -€33,279 | €1,666 | +€34,945 | |
| Profit (loss) for the period to be appropriated | 9905 | -€33,279 | €1,666 | +€34,945 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.