MADISOINS: 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.
MADISOINS
Largest movements
- Intangible fixed assets -€8,571
down €8,571 (-19.6%), from €43,653 to €35,082
- Cash -€7,011
down €7,011 (-87.8%), from €7,988 to €977
mainly Other debts (-€6,701) and Tax, wage and social debts (-€6,430)
- Deferred charges and accrued income +€864
up €864 (+8.3%), from €10,354 to €11,218
- Other debts -€6,701
down €6,701 (-36.6%), from €18,317 to €11,616
- Tax, wage and social debts -€6,430
no longer reported in 2025 (was €6,430)
of which Taxes: -€3,881
- Debts after one year -€6,010
down €6,010 (-32.6%), from €18,415 to €12,404
- Profit (loss) carried forward +€4,631
up €4,631 (+127%), from €3,640 to €8,271
- Gross operating margin +€1,310
up €1,310 (+7.7%), from €17,087 to €18,397
- Depreciation +€929
up €929 (+10.2%), from €9,140 to €10,069
- Financial charges -€307
down €307 (-15.5%), from €1,983 to €1,676
- Taxes -€270
down €270 (-13.5%), from €1,995 to €1,725
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 | €65,801 | €51,614 | -€14,187 | -21.6% |
| Fixed assets | 21/28 | €46,953 | €38,644 | -€8,310 | -17.7% |
| Intangible fixed assets | 21 | €43,653 | €35,082 | -€8,571 | -19.6% |
| Tangible fixed assets | 22/27 | €3,300 | €3,562 | +€262 | +7.9% |
| Furniture and vehicles | 24 | €3,300 | €3,562 | +€262 | +7.9% |
| Current assets | 29/58 | €18,847 | €12,970 | -€5,877 | -31.2% |
| Amounts receivable within one year | 40/41 | €505 | €775 | +€270 | +53.4% |
| Other amounts receivable | 41 | €505 | €775 | +€270 | +53.4% |
| Cash at bank and in hand | 54/58 | €7,988 | €977 | -€7,011 | -87.8% |
| Deferred charges and accrued income | 490/1 | €10,354 | €11,218 | +€864 | +8.3% |
| Total equity and liabilities | 10/49 | €65,801 | €51,614 | -€14,187 | -21.6% |
| Equity | 10/15 | €13,140 | €17,771 | +€4,631 | +35.2% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €9,400 | €9,400 | = | 0.0% |
| Distributable reserves | 133 | €9,400 | €9,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,640 | €8,271 | +€4,631 | +127% |
| Amounts payable | 17/49 | €52,661 | €33,843 | -€18,818 | -35.7% |
| Amounts payable after more than one year | 17 | €18,415 | €12,404 | -€6,010 | -32.6% |
| Financial debts | 170/4 | €18,415 | €12,404 | -€6,010 | -32.6% |
| Amounts payable within one year | 42/48 | €34,247 | €21,439 | -€12,808 | -37.4% |
| Current portion of amounts payable after more than one year | 42 | €5,713 | €6,010 | +€297 | +5.2% |
| Trade debts | 44 | €3,786 | €3,813 | +€26 | +0.7% |
| Suppliers | 440/4 | €3,786 | €3,813 | +€26 | +0.7% |
| Taxes, remuneration and social security | 45 | €6,430 | - | -€6,430 | |
| Taxes | 450/3 | €3,881 | - | -€3,881 | |
| Remuneration and social security | 454/9 | €2,549 | - | -€2,549 | |
| Other amounts payable | 47/48 | €18,317 | €11,616 | -€6,701 | -36.6% |
| Remuneration, social security and pensions | 62 | €82 | - | -€82 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,140 | €10,069 | +€929 | +10.2% |
| Other operating charges | 640/8 | €287 | €296 | +€9 | +3.1% |
| Gross operating margin | 9900 | €17,087 | €18,397 | +€1,310 | +7.7% |
| Operating profit (loss) | 9901 | €7,579 | €8,032 | +€454 | +6.0% |
| Financial charges | 65/66B | €1,983 | €1,676 | -€307 | -15.5% |
| Recurring financial charges | 65 | €1,983 | €1,676 | -€307 | -15.5% |
| Profit (loss) for the period before taxes | 9903 | €5,595 | €6,356 | +€761 | +13.6% |
| Income taxes | 67/77 | €1,995 | €1,725 | -€270 | -13.5% |
| Profit (loss) for the period | 9904 | €3,601 | €4,631 | +€1,030 | +28.6% |
| Profit (loss) for the period to be appropriated | 9905 | €3,601 | €4,631 | +€1,030 | +28.6% |
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 14 October 2026 via checked.be.