MADO GROUP: 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.
MADO GROUP
Largest movements
- Receivables within one year +€60,602
up €60,602 (+420.3%), from €14,419 to €75,021
of which Trade receivables: +€60,591
- Tangible fixed assets +€7,373
new in 2024: €7,373
- Cash +€6,141
up €6,141 (+55.0%), from €11,167 to €17,307
mainly Net result for the year (+€51,186) and Trade debts (+€17,698)
- Profit (loss) carried forward +€51,186
up €51,186, from -€20,161 to €31,025
- Trade debts +€17,698
up €17,698 (+151.0%), from €11,723 to €29,421
- Tax, wage and social debts +€12,774
up €12,774 (+42.7%), from €29,938 to €42,712
of which Taxes: +€11,255
- Other debts -€8,433
down €8,433 (-64.4%), from €13,086 to €4,653
- Gross operating margin +€101,692
up €101,692 (+271.0%), from €37,528 to €139,221
- Staff costs +€21,709
up €21,709 (+39.0%), from €55,652 to €77,361
- Taxes +€8,474
new in 2024: €8,474
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €44,586 | €118,701 | +€74,115 | +166.2% |
| Fixed assets | 21/28 | €19,000 | €26,373 | +€7,373 | +38.8% |
| Tangible fixed assets | 22/27 | - | €7,373 | +€7,373 | |
| Furniture and vehicles | 24 | - | €7,373 | +€7,373 | |
| Financial fixed assets | 28 | €19,000 | €19,000 | = | 0.0% |
| Current assets | 29/58 | €25,586 | €92,328 | +€66,742 | +260.9% |
| Amounts receivable within one year | 40/41 | €14,419 | €75,021 | +€60,602 | +420.3% |
| Trade receivables | 40 | €14,419 | €75,011 | +€60,591 | +420.2% |
| Other amounts receivable | 41 | - | €10 | +€10 | |
| Cash at bank and in hand | 54/58 | €11,167 | €17,307 | +€6,141 | +55.0% |
| Total equity and liabilities | 10/49 | €44,586 | €118,701 | +€74,115 | +166.2% |
| Equity | 10/15 | -€10,161 | €41,025 | +€51,186 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,161 | €31,025 | +€51,186 | |
| Amounts payable | 17/49 | €54,747 | €77,676 | +€22,929 | +41.9% |
| Amounts payable within one year | 42/48 | €54,747 | €76,786 | +€22,039 | +40.3% |
| Trade debts | 44 | €11,723 | €29,421 | +€17,698 | +151.0% |
| Suppliers | 440/4 | €11,723 | €29,421 | +€17,698 | +151.0% |
| Taxes, remuneration and social security | 45 | €29,938 | €42,712 | +€12,774 | +42.7% |
| Taxes | 450/3 | €17,237 | €28,492 | +€11,255 | +65.3% |
| Remuneration and social security | 454/9 | €12,701 | €14,219 | +€1,519 | +12.0% |
| Other amounts payable | 47/48 | €13,086 | €4,653 | -€8,433 | -64.4% |
| Accrued charges and deferred income | 492/3 | - | €890 | +€890 | |
| Remuneration, social security and pensions | 62 | €55,652 | €77,361 | +€21,709 | +39.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €879 | +€879 | |
| Other operating charges | 640/8 | €1,847 | €1,121 | -€726 | -39.3% |
| Gross operating margin | 9900 | €37,528 | €139,221 | +€101,692 | +271.0% |
| Operating profit (loss) | 9901 | -€19,971 | €59,859 | +€79,830 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €190 | €199 | +€9 | +4.8% |
| Recurring financial charges | 65 | €190 | €199 | +€9 | +4.8% |
| Profit (loss) for the period before taxes | 9903 | -€20,161 | €59,660 | +€79,821 | |
| Income taxes | 67/77 | - | €8,474 | +€8,474 | |
| Profit (loss) for the period | 9904 | -€20,161 | €51,186 | +€71,347 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,161 | €51,186 | +€71,347 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.