MADLYZ: 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.
MADLYZ
Largest movements
- Cash +€12,823
up €12,823 (+2,062%), from €622 to €13,445
mainly Net result for the year (+€21,492) and Investment in fixed assets (net) (+€2,629)
- Receivables within one year +€12,062
up €12,062 (+26.5%), from €45,431 to €57,493
of which Trade receivables: +€10,000
- Deferred charges and accrued income +€3,318
new in 2025: €3,318
- Formation expenses -€2,629
no longer reported in 2025 (was €2,629)
- Tangible fixed assets -€1,419
down €1,419 (-33.3%), from €4,255 to €2,836
- Profit (loss) carried forward +€21,492
up €21,492 (+46.0%), from €46,715 to €68,207
- Tax, wage and social debts +€1,589
up €1,589 (+174%), from €911 to €2,500
- Trade debts +€1,193
up €1,193 (+622%), from €192 to €1,385
- Gross operating margin -€23,925
down €23,925 (-50.7%), from €47,169 to €23,244
- Depreciation +€1,419
new in 2025: €1,419
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 | €52,938 | €77,092 | +€24,154 | +45.6% |
| Formation expenses | 20 | €2,629 | - | -€2,629 | |
| Fixed assets | 21/28 | €4,255 | €2,836 | -€1,419 | -33.3% |
| Tangible fixed assets | 22/27 | €4,255 | €2,836 | -€1,419 | -33.3% |
| Furniture and vehicles | 24 | €4,255 | €2,836 | -€1,419 | -33.3% |
| Current assets | 29/58 | €46,053 | €74,256 | +€28,203 | +61.2% |
| Amounts receivable within one year | 40/41 | €45,431 | €57,493 | +€12,062 | +26.5% |
| Trade receivables | 40 | €43,643 | €53,643 | +€10,000 | +22.9% |
| Other amounts receivable | 41 | €1,788 | €3,850 | +€2,062 | +115% |
| Cash at bank and in hand | 54/58 | €622 | €13,445 | +€12,823 | +2,062% |
| Deferred charges and accrued income | 490/1 | - | €3,318 | +€3,318 | |
| Total equity and liabilities | 10/49 | €52,938 | €77,092 | +€24,154 | +45.6% |
| Equity | 10/15 | €51,715 | €73,207 | +€21,492 | +41.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,715 | €68,207 | +€21,492 | +46.0% |
| Amounts payable | 17/49 | €1,222 | €3,885 | +€2,663 | +218% |
| Amounts payable within one year | 42/48 | €1,222 | €3,885 | +€2,663 | +218% |
| Trade debts | 44 | €192 | €1,385 | +€1,193 | +622% |
| Suppliers | 440/4 | €192 | €1,385 | +€1,193 | +622% |
| Taxes, remuneration and social security | 45 | €911 | €2,500 | +€1,589 | +174% |
| Taxes | 450/3 | €911 | €2,500 | +€1,589 | +174% |
| Other amounts payable | 47/48 | €119 | - | -€119 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,419 | +€1,419 | |
| Gross operating margin | 9900 | €47,169 | €23,244 | -€23,925 | -50.7% |
| Operating profit (loss) | 9901 | €47,169 | €21,825 | -€25,344 | -53.7% |
| Financial charges | 65/66B | €453 | €333 | -€120 | -26.6% |
| Recurring financial charges | 65 | €453 | €333 | -€120 | -26.6% |
| Non-recurring financial charges | 66B | €453 | - | -€453 | |
| Profit (loss) for the period before taxes | 9903 | €46,715 | €21,492 | -€25,223 | -54.0% |
| Profit (loss) for the period | 9904 | €46,715 | €21,492 | -€25,223 | -54.0% |
| Profit (loss) for the period to be appropriated | 9905 | €46,715 | €21,492 | -€25,223 | -54.0% |
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 15 October 2026 via checked.be.