MADOMI: 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.
MADOMI
Largest movements
- Receivables within one year +€70,042
up €70,042 (+290%), from €24,134 to €94,176
of which Trade receivables: +€62,784
- Cash -€15,851
down €15,851 (-38.7%), from €40,999 to €25,148
mainly Receivables within one year (-€70,042) and Net result for the year (-€40,211)
- Tangible fixed assets -€6,544
down €6,544 (-13.8%), from €47,288 to €40,744
of which Plant, machinery and equipment: -€20,243
- Stocks and contracts +€3,000
up €3,000 (+25.0%), from €12,000 to €15,000
- Trade debts +€87,866
up €87,866 (+651%), from €13,499 to €101,365
- Profit (loss) carried forward -€40,211
down €40,211 (-57.9%), from -€69,396 to -€109,607
- Tax, wage and social debts +€37,369
up €37,369 (+170%), from €21,950 to €59,319
of which Taxes: +€29,928
- Debts after one year -€34,501
down €34,501 (-26.4%), from €130,728 to €96,227
of which Financial debts: -€23,466
- Short-term financial debts -€2,139
no longer reported in 2025 (was €2,139)
- Gross operating margin +€113,816
up €113,816 (+1,208%), from €9,423 to €123,239
- Staff costs +€37,882
up €37,882 (+91.4%), from €41,445 to €79,327
- Other operating charges -€3,846
down €3,846 (-56.2%), from €6,848 to €3,002
- Financial charges +€2,664
up €2,664 (+37.9%), from €7,031 to €9,695
- Depreciation -€2,498
down €2,498 (-8.0%), from €31,272 to €28,774
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 | €130,520 | €180,387 | +€49,867 | +38.2% |
| Fixed assets | 21/28 | €53,387 | €46,063 | -€7,324 | -13.7% |
| Intangible fixed assets | 21 | €4,849 | €3,719 | -€1,130 | -23.3% |
| Tangible fixed assets | 22/27 | €47,288 | €40,744 | -€6,544 | -13.8% |
| Plant, machinery and equipment | 23 | €32,240 | €11,997 | -€20,243 | -62.8% |
| Furniture and vehicles | 24 | €14,484 | €28,366 | +€13,882 | +95.8% |
| Other tangible fixed assets | 26 | €564 | €382 | -€182 | -32.3% |
| Financial fixed assets | 28 | €1,250 | €1,600 | +€350 | +28.0% |
| Current assets | 29/58 | €77,133 | €134,324 | +€57,191 | +74.1% |
| Stocks and contracts in progress | 3 | €12,000 | €15,000 | +€3,000 | +25.0% |
| Stocks | 30/36 | €12,000 | €15,000 | +€3,000 | +25.0% |
| Amounts receivable within one year | 40/41 | €24,134 | €94,176 | +€70,042 | +290% |
| Trade receivables | 40 | €20,491 | €83,275 | +€62,784 | +306% |
| Other amounts receivable | 41 | €3,643 | €10,901 | +€7,258 | +199% |
| Cash at bank and in hand | 54/58 | €40,999 | €25,148 | -€15,851 | -38.7% |
| Total equity and liabilities | 10/49 | €130,520 | €180,387 | +€49,867 | +38.2% |
| Equity | 10/15 | -€61,336 | -€101,547 | -€40,211 | -65.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€69,396 | -€109,607 | -€40,211 | -57.9% |
| Amounts payable | 17/49 | €191,856 | €281,933 | +€90,077 | +47.0% |
| Amounts payable after more than one year | 17 | €130,728 | €96,227 | -€34,501 | -26.4% |
| Financial debts | 170/4 | €61,301 | €37,835 | -€23,466 | -38.3% |
| Other amounts payable | 178/9 | €69,427 | €58,391 | -€11,036 | -15.9% |
| Amounts payable within one year | 42/48 | €61,128 | €185,707 | +€124,579 | +204% |
| Current portion of amounts payable after more than one year | 42 | €23,225 | €25,023 | +€1,798 | +7.7% |
| Financial debts | 43 | €2,139 | - | -€2,139 | |
| Credit institutions | 430/8 | €2,139 | - | -€2,139 | |
| Trade debts | 44 | €13,499 | €101,365 | +€87,866 | +651% |
| Suppliers | 440/4 | €13,499 | €101,365 | +€87,866 | +651% |
| Taxes, remuneration and social security | 45 | €21,950 | €59,319 | +€37,369 | +170% |
| Taxes | 450/3 | €21,038 | €50,966 | +€29,928 | +142% |
| Remuneration and social security | 454/9 | €912 | €8,353 | +€7,441 | +816% |
| Other amounts payable | 47/48 | €315 | - | -€315 | |
| Non-recurring operating income | 76A | - | €7,940 | +€7,940 | |
| Remuneration, social security and pensions | 62 | €41,445 | €79,327 | +€37,882 | +91.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,272 | €28,774 | -€2,498 | -8.0% |
| Other operating charges | 640/8 | €6,848 | €3,002 | -€3,846 | -56.2% |
| Non-recurring operating charges | 66A | €63 | €42,752 | +€42,689 | +67,761% |
| Gross operating margin | 9900 | €9,423 | €123,239 | +€113,816 | +1,208% |
| Operating profit (loss) | 9901 | -€70,205 | -€30,617 | +€39,588 | +56.4% |
| Financial income | 75/76B | €443 | €101 | -€343 | -77.3% |
| Recurring financial income | 75 | €443 | €101 | -€343 | -77.3% |
| Financial charges | 65/66B | €7,031 | €9,695 | +€2,664 | +37.9% |
| Recurring financial charges | 65 | €7,031 | €9,695 | +€2,664 | +37.9% |
| Profit (loss) for the period before taxes | 9903 | -€76,793 | -€40,211 | +€36,582 | +47.6% |
| Profit (loss) for the period | 9904 | -€76,793 | -€40,211 | +€36,582 | +47.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€76,793 | -€40,211 | +€36,582 | +47.6% |
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.