Madiska: 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.
Madiska
Largest movements
- Current investments -€1.1m
down €1.1m (-100.0%), from €1.1m to €0
- Receivables within one year -€810,796
down €810,796 (-99.2%), from €817,367 to €6,571
of which Trade receivables: -€796,869
- Cash +€152,947
up €152,947 (+880.4%), from €17,373 to €170,320
mainly Current investments (+€1.1m) and Receivables within one year (+€810,796)
- Other debts -€1.5m
down €1.5m (-85.5%), from €1.7m to €250,000
- Reserves -€211,264
down €211,264 (-10.5%), from €2.0m to €1.8m
of which Distributable reserves: -€211,264
- Tax, wage and social debts -€140,442
down €140,442 (-98.8%), from €142,160 to €1,718
- Gross operating margin -€1.7m
down €1.7m (-94.8%), from €1.8m to €95,854
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 | €3,902,966 | €2,071,505 | -€1.8m | -46.9% |
| Fixed assets | 21/28 | €1,926,197 | €1,887,308 | -€38,889 | -2.0% |
| Tangible fixed assets | 22/27 | €272,222 | €233,333 | -€38,889 | -14.3% |
| Land and buildings | 22 | €272,222 | €233,333 | -€38,889 | -14.3% |
| Financial fixed assets | 28 | €1,653,975 | €1,653,975 | = | 0.0% |
| Current assets | 29/58 | €1,976,769 | €184,197 | -€1.8m | -90.7% |
| Amounts receivable within one year | 40/41 | €817,367 | €6,571 | -€810,796 | -99.2% |
| Trade receivables | 40 | €803,440 | €6,571 | -€796,869 | -99.2% |
| Other amounts receivable | 41 | €13,927 | €0 | -€13,927 | -100.0% |
| Current investments | 50/53 | €1,140,000 | €0 | -€1.1m | -100.0% |
| Cash at bank and in hand | 54/58 | €17,373 | €170,320 | +€152,947 | +880.4% |
| Deferred charges and accrued income | 490/1 | €2,028 | €7,305 | +€5,277 | +260.1% |
| Total equity and liabilities | 10/49 | €3,902,966 | €2,071,505 | -€1.8m | -46.9% |
| Equity | 10/15 | €2,028,641 | €1,817,377 | -€211,264 | -10.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,010,041 | €1,798,777 | -€211,264 | -10.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €2,010,041 | €1,798,777 | -€211,264 | -10.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,874,325 | €254,128 | -€1.6m | -86.4% |
| Amounts payable within one year | 42/48 | €1,872,160 | €251,908 | -€1.6m | -86.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €0 | €190 | +€190 | |
| Suppliers | 440/4 | €0 | €190 | +€190 | |
| Taxes, remuneration and social security | 45 | €142,160 | €1,718 | -€140,442 | -98.8% |
| Taxes | 450/3 | €142,160 | €1,718 | -€140,442 | -98.8% |
| Other amounts payable | 47/48 | €1,730,000 | €250,000 | -€1.5m | -85.5% |
| Accrued charges and deferred income | 492/3 | €2,165 | €2,220 | +€55 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,889 | €38,889 | = | 0.0% |
| Other operating charges | 640/8 | €6,406 | €6,604 | +€198 | +3.1% |
| Gross operating margin | 9900 | €1,844,305 | €95,854 | -€1.7m | -94.8% |
| Operating profit (loss) | 9901 | €1,799,010 | €50,361 | -€1.7m | -97.2% |
| Financial income | 75/76B | €13,862 | €6,255 | -€7,607 | -54.9% |
| Recurring financial income | 75 | €13,862 | €6,255 | -€7,607 | -54.9% |
| Financial charges | 65/66B | €2,213 | €4,968 | +€2,756 | +124.6% |
| Recurring financial charges | 65 | €2,213 | €4,968 | +€2,756 | +124.6% |
| Profit (loss) for the period before taxes | 9903 | €1,810,659 | €51,648 | -€1.8m | -97.1% |
| Income taxes | 67/77 | €20,165 | €12,912 | -€7,253 | -36.0% |
| Profit (loss) for the period | 9904 | €1,790,494 | €38,736 | -€1.8m | -97.8% |
| Transfer from tax-exempt reserves | 789 | €33,905 | €0 | -€33,905 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,824,399 | €38,736 | -€1.8m | -97.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 April 2024 and 30 April 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.