MadMacX: 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.
MadMacX
Largest movements
- Receivables within one year -€63,573
down €63,573 (-21.3%), from €299,104 to €235,532
of which Other amounts receivable: -€114,526
- Deferred charges and accrued income -€5,905
down €5,905 (-82.8%), from €7,131 to €1,225
- Profit (loss) carried forward -€137,591
down €137,591 (-21.4%), from -€641,909 to -€779,499
- Other debts +€101,463
up €101,463 (+16.2%), from €625,651 to €727,114
- Trade debts -€35,193
down €35,193 (-13.2%), from €266,260 to €231,067
- Gross operating margin +€505,515
up €505,515 (+82.7%), from -€611,380 to -€105,866
- Purchases and services -€426,192
down €426,192 (-25.9%), from €1.6m to €1.2m
- Turnover +€79,647
up €79,647 (+7.7%), from €1.0m to €1.1m
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 | €313,878 | €242,694 | -€71,185 | -22.7% |
| Fixed assets | 21/28 | €372 | €117 | -€255 | -68.6% |
| Tangible fixed assets | 22/27 | €372 | €117 | -€255 | -68.6% |
| Plant, machinery and equipment | 23 | €372 | €117 | -€255 | -68.6% |
| Current assets | 29/58 | €313,507 | €242,577 | -€70,930 | -22.6% |
| Amounts receivable within one year | 40/41 | €299,104 | €235,532 | -€63,573 | -21.3% |
| Trade receivables | 40 | €184,578 | €235,532 | +€50,954 | +27.6% |
| Other amounts receivable | 41 | €114,526 | - | -€114,526 | |
| Cash at bank and in hand | 54/58 | €7,272 | €5,820 | -€1,452 | -20.0% |
| Deferred charges and accrued income | 490/1 | €7,131 | €1,225 | -€5,905 | -82.8% |
| Total equity and liabilities | 10/49 | €313,878 | €242,694 | -€71,185 | -22.7% |
| Equity | 10/15 | -€579,909 | -€717,499 | -€137,591 | -23.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€641,909 | -€779,499 | -€137,591 | -21.4% |
| Amounts payable | 17/49 | €893,787 | €960,193 | +€66,406 | +7.4% |
| Amounts payable within one year | 42/48 | €891,911 | €959,349 | +€67,438 | +7.6% |
| Trade debts | 44 | €266,260 | €231,067 | -€35,193 | -13.2% |
| Suppliers | 440/4 | €266,260 | €231,067 | -€35,193 | -13.2% |
| Taxes, remuneration and social security | 45 | - | €1,167 | +€1,167 | |
| Taxes | 450/3 | - | €1,167 | +€1,167 | |
| Other amounts payable | 47/48 | €625,651 | €727,114 | +€101,463 | +16.2% |
| Accrued charges and deferred income | 492/3 | €1,876 | €844 | -€1,032 | -55.0% |
| Turnover | 70 | €1,036,048 | €1,115,695 | +€79,647 | +7.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,647,926 | €1,221,734 | -€426,192 | -25.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,320 | €255 | -€1,065 | -80.7% |
| Other operating charges | 640/8 | €1,514 | €860 | -€654 | -43.2% |
| Gross operating margin | 9900 | -€611,380 | -€105,866 | +€505,515 | +82.7% |
| Operating profit (loss) | 9901 | -€614,214 | -€106,981 | +€507,234 | +82.6% |
| Financial income | 75/76B | €150 | €75 | -€75 | -50.1% |
| Recurring financial income | 75 | €150 | €75 | -€75 | -50.1% |
| Financial charges | 65/66B | €27,844 | €30,685 | +€2,841 | +10.2% |
| Recurring financial charges | 65 | €27,844 | €30,685 | +€2,841 | +10.2% |
| Profit (loss) for the period before taxes | 9903 | -€641,909 | -€137,591 | +€504,318 | +78.6% |
| Profit (loss) for the period | 9904 | -€641,909 | -€137,591 | +€504,318 | +78.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€641,909 | -€137,591 | +€504,318 | +78.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.