Madokiortho: 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.
Madokiortho
Largest movements
- Cash +€84,920
up €84,920 (+118%), from €71,814 to €156,734
mainly Net result for the year (+€92,539) and Tax, wage and social debts (+€38,334)
- Receivables within one year +€46,725
up €46,725 (+111%), from €42,007 to €88,731
- Reserves +€92,539
up €92,539 (+117%), from €79,335 to €171,874
- Tax, wage and social debts +€38,334
up €38,334 (+121%), from €31,593 to €69,927
- Gross operating margin +€16,558
up €16,558 (+15.1%), from €109,685 to €126,243
- Taxes +€6,741
up €6,741 (+21.3%), from €31,593 to €38,334
- Financial income +€3,407
up €3,407 (+267%), from €1,275 to €4,682
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 | €113,928 | €245,465 | +€131,537 | +115% |
| Current assets | 29/58 | €113,928 | €245,465 | +€131,537 | +115% |
| Amounts receivable within one year | 40/41 | €42,007 | €88,731 | +€46,725 | +111% |
| Other amounts receivable | 41 | €42,007 | €88,731 | +€46,725 | +111% |
| Cash at bank and in hand | 54/58 | €71,814 | €156,734 | +€84,920 | +118% |
| Deferred charges and accrued income | 490/1 | €107 | - | -€107 | |
| Total equity and liabilities | 10/49 | €113,928 | €245,465 | +€131,537 | +115% |
| Equity | 10/15 | €82,335 | €174,874 | +€92,539 | +112% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €79,335 | €171,874 | +€92,539 | +117% |
| Distributable reserves | 133 | €79,335 | €171,874 | +€92,539 | +117% |
| Amounts payable | 17/49 | €31,593 | €70,591 | +€38,998 | +123% |
| Amounts payable within one year | 42/48 | €31,593 | €70,591 | +€38,998 | +123% |
| Trade debts | 44 | - | €665 | +€665 | |
| Suppliers | 440/4 | - | €665 | +€665 | |
| Taxes, remuneration and social security | 45 | €31,593 | €69,927 | +€38,334 | +121% |
| Taxes | 450/3 | €31,593 | €69,927 | +€38,334 | +121% |
| Gross operating margin | 9900 | €109,685 | €126,243 | +€16,558 | +15.1% |
| Operating profit (loss) | 9901 | €109,685 | €126,243 | +€16,558 | +15.1% |
| Financial income | 75/76B | €1,275 | €4,682 | +€3,407 | +267% |
| Recurring financial income | 75 | €1,275 | €4,682 | +€3,407 | +267% |
| Financial charges | 65/66B | €32 | €52 | +€20 | +61.8% |
| Recurring financial charges | 65 | €32 | €52 | +€20 | +61.8% |
| Profit (loss) for the period before taxes | 9903 | €110,928 | €130,873 | +€19,945 | +18.0% |
| Income taxes | 67/77 | €31,593 | €38,334 | +€6,741 | +21.3% |
| Profit (loss) for the period | 9904 | €79,335 | €92,539 | +€13,204 | +16.6% |
| Profit (loss) for the period to be appropriated | 9905 | €79,335 | €92,539 | +€13,204 | +16.6% |
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 15 October 2026 via checked.be.