MAdocx8888: 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.
MAdocx8888
Largest movements
- Cash +€33,899
up €33,899 (+757%), from €4,478 to €38,377
mainly Net result for the year (+€30,694) and Tax, wage and social debts (+€11,901)
- Tangible fixed assets +€6,628
up €6,628 (+103%), from €6,435 to €13,062
of which Furniture and vehicles: +€7,137
- Reserves +€30,500
up €30,500 (+361%), from €8,441 to €38,941
of which Distributable reserves: +€30,500
- Tax, wage and social debts +€11,901
up €11,901 (+84.2%), from €14,130 to €26,031
of which Taxes: +€8,468
- Trade debts -€3,455
down €3,455 (-84.1%), from €4,110 to €654
- Depreciation -€15,489
down €15,489 (-87.6%), from €17,689 to €2,200
- Gross operating margin +€11,172
up €11,172 (+28.3%), from €39,504 to €50,676
- Taxes +€3,709
up €3,709 (+31.5%), from €11,791 to €15,500
- Other operating charges -€3,105
down €3,105 (-71.2%), from €4,363 to €1,258
- Financial charges -€1,487
down €1,487 (-59.2%), from €2,511 to €1,024
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 | €137,463 | €176,603 | +€39,140 | +28.5% |
| Fixed assets | 21/28 | €6,435 | €13,062 | +€6,628 | +103% |
| Tangible fixed assets | 22/27 | €6,435 | €13,062 | +€6,628 | +103% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €1,030 | €665 | -€365 | -35.4% |
| Furniture and vehicles | 24 | €4,240 | €11,377 | +€7,137 | +168% |
| Other tangible fixed assets | 26 | €1,165 | €1,021 | -€144 | -12.4% |
| Current assets | 29/58 | €131,029 | €163,541 | +€32,512 | +24.8% |
| Amounts receivable within one year | 40/41 | €59,494 | €58,107 | -€1,387 | -2.3% |
| Trade receivables | 40 | €59,494 | €58,107 | -€1,387 | -2.3% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €67,057 | €67,057 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €4,478 | €38,377 | +€33,899 | +757% |
| Total equity and liabilities | 10/49 | €137,463 | €176,603 | +€39,140 | +28.5% |
| Equity | 10/15 | €119,223 | €149,917 | +€30,694 | +25.7% |
| Contributions | 10/11 | €68,000 | €68,000 | = | 0.0% |
| Reserves | 13 | €8,441 | €38,941 | +€30,500 | +361% |
| Non-distributable reserves | 130/1 | €341 | €341 | = | 0.0% |
| Reserves not available under the articles | 1311 | €341 | €341 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,000 | €3,000 | = | 0.0% |
| Distributable reserves | 133 | €5,100 | €35,600 | +€30,500 | +598% |
| Profit (loss) carried forward | 14 | €42,783 | €42,977 | +€194 | +0.5% |
| Amounts payable | 17/49 | €18,240 | €26,685 | +€8,445 | +46.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €18,240 | €26,685 | +€8,445 | +46.3% |
| Trade debts | 44 | €4,110 | €654 | -€3,455 | -84.1% |
| Suppliers | 440/4 | €4,110 | €654 | -€3,455 | -84.1% |
| Taxes, remuneration and social security | 45 | €14,130 | €26,031 | +€11,901 | +84.2% |
| Taxes | 450/3 | €14,130 | €22,599 | +€8,468 | +59.9% |
| Remuneration and social security | 454/9 | €0 | €3,432 | +€3,432 | |
| Non-recurring operating income | 76A | €229,331 | €0 | -€229,331 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,689 | €2,200 | -€15,489 | -87.6% |
| Other operating charges | 640/8 | €4,363 | €1,258 | -€3,105 | -71.2% |
| Gross operating margin | 9900 | €39,504 | €50,676 | +€11,172 | +28.3% |
| Operating profit (loss) | 9901 | €17,452 | €47,218 | +€29,765 | +171% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €2,511 | €1,024 | -€1,487 | -59.2% |
| Recurring financial charges | 65 | €2,511 | €1,024 | -€1,487 | -59.2% |
| Profit (loss) for the period before taxes | 9903 | €14,942 | €46,194 | +€31,253 | +209% |
| Income taxes | 67/77 | €11,791 | €15,500 | +€3,709 | +31.5% |
| Profit (loss) for the period | 9904 | €3,151 | €30,694 | +€27,544 | +874% |
| Profit (loss) for the period to be appropriated | 9905 | €3,151 | €30,694 | +€27,544 | +874% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.