Madonna: 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.
What changed
Madonna
NACE 56.111, Full-service restaurants
financial year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€5,183
2023 · €302,191-€297,008
Equity
€298,087
2023 · €292,904+€5,183
Cash
€1.0m
2023 · €299,095+€715,009
Balance sheet total
€3.5m
2023 · €2.8m+€622,744
Largest movements
Assets
- Cash +€715,009
up €715,009 (+239.1%), from €299,095 to €1.0m
mainly Trade debts (+€730,357) and Depreciation (+€313,275)
- Tangible fixed assets -€198,273
down €198,273 (-9.8%), from €2.0m to €1.8m
of which Plant, machinery and equipment: -€149,356
- Receivables within one year +€85,303
up €85,303 (+21.6%), from €395,467 to €480,770
of which Trade receivables: +€69,133
- Stocks and contracts +€55,018
up €55,018 (+88.0%), from €62,540 to €117,559
Equity and liabilities
- Trade debts +€730,357
up €730,357 (+81.9%), from €891,352 to €1.6m
- Debts after one year -€181,039
down €181,039 (-18.6%), from €972,563 to €791,524
- Advances received -€87,138
down €87,138 (-35.9%), from €242,693 to €155,555
- Other debts +€61,366
up €61,366 (+407.8%), from €15,050 to €76,416
- Short-term financial debts +€49,560
new in 2024: €49,560
Income statement
- Gross operating margin -€904,826
down €904,826 (-28.1%), from €3.2m to €2.3m
- Staff costs -€638,224
down €638,224 (-25.1%), from €2.5m to €1.9m
- Depreciation +€49,864
up €49,864 (+18.9%), from €263,411 to €313,275
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.
Result 2023
€302,191
Gross operating margin
-€904,826
Staff costs
+€638,224
Depreciation
-€49,864
Write-downs
+€17,498
Other operating charges
-€1,920
Financial income
+€1,586
Financial charges
+€2,299
Taxes
-€6
Result 2024
€5,183
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.
From operations
+€934,014
Investment
-€91,002
Financing
-€128,003
Cash 2023
€299,095
From operations (derived)
+€934,014
Net result for the year
+€5,183
Depreciation
+€313,275
Receivables after one year
+€61
Stocks and contracts
-€55,018
Receivables within one year
-€85,303
Deferred charges and accrued income
+€10,252
Trade debts
+€730,357
Tax, wage and social debts
+€48,823
Advances received
-€87,138
Other debts
+€61,366
Accrued charges and deferred income
-€7,842
Investment (derived)
-€91,002
Investment in fixed assets (net)
-€91,002
Financing
-€128,003
Debts after one year
-€181,039
Current portion of long-term debt
+€3,476
Short-term financial debts
+€49,560
Cash 2024
€1.0m
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,829,985 | €3,452,729 | +€622,744 | +22.0% |
| Fixed assets | 21/28 | €2,050,004 | €1,827,730 | -€222,273 | -10.8% |
| Tangible fixed assets | 22/27 | €2,026,004 | €1,827,730 | -€198,273 | -9.8% |
| Plant, machinery and equipment | 23 | €1,003,931 | €854,575 | -€149,356 | -14.9% |
| Furniture and vehicles | 24 | €359,810 | €358,892 | -€918 | -0.3% |
| Other tangible fixed assets | 26 | €662,263 | €614,263 | -€47,999 | -7.2% |
| Financial fixed assets | 28 | €24,000 | €0 | -€24,000 | -100.0% |
| Current assets | 29/58 | €779,981 | €1,624,999 | +€845,018 | +108.3% |
| Amounts receivable after more than one year | 29 | €666 | €605 | -€61 | -9.1% |
| Trade receivables | 290 | - | €605 | +€605 | |
| Other amounts receivable | 291 | €666 | €0 | -€666 | -100.0% |
| Stocks and contracts in progress | 3 | €62,540 | €117,559 | +€55,018 | +88.0% |
| Stocks | 30/36 | €62,540 | €117,559 | +€55,018 | +88.0% |
| Amounts receivable within one year | 40/41 | €395,467 | €480,770 | +€85,303 | +21.6% |
| Trade receivables | 40 | €385,354 | €454,487 | +€69,133 | +17.9% |
| Other amounts receivable | 41 | €10,113 | €26,283 | +€16,170 | +159.9% |
| Cash at bank and in hand | 54/58 | €299,095 | €1,014,104 | +€715,009 | +239.1% |
| Deferred charges and accrued income | 490/1 | €22,213 | €11,961 | -€10,252 | -46.2% |
| Total equity and liabilities | 10/49 | €2,829,985 | €3,452,729 | +€622,744 | +22.0% |
| Equity | 10/15 | €292,904 | €298,087 | +€5,183 | +1.8% |
| Contributions | 10/11 | €256,200 | €256,200 | = | 0.0% |
| Capital | 10 | €256,200 | €256,200 | = | 0.0% |
| Issued capital | 100 | €256,200 | €256,200 | = | 0.0% |
| Reserves | 13 | €1,835 | €1,835 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,835 | €1,835 | = | 0.0% |
| Legal reserve | 130 | €1,835 | €1,835 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,869 | €40,052 | +€5,183 | +14.9% |
| Amounts payable | 17/49 | €2,537,080 | €3,154,642 | +€617,562 | +24.3% |
| Amounts payable after more than one year | 17 | €972,563 | €791,524 | -€181,039 | -18.6% |
| Financial debts | 170/4 | €972,563 | €791,524 | -€181,039 | -18.6% |
| Amounts payable within one year | 42/48 | €1,556,541 | €2,362,984 | +€806,443 | +51.8% |
| Current portion of amounts payable after more than one year | 42 | €149,466 | €152,942 | +€3,476 | +2.3% |
| Financial debts | 43 | - | €49,560 | +€49,560 | |
| Credit institutions | 430/8 | - | €49,560 | +€49,560 | |
| Trade debts | 44 | €891,352 | €1,621,709 | +€730,357 | +81.9% |
| Suppliers | 440/4 | €891,352 | €1,621,709 | +€730,357 | +81.9% |
| Advances received on contracts in progress | 46 | €242,693 | €155,555 | -€87,138 | -35.9% |
| Taxes, remuneration and social security | 45 | €257,980 | €306,803 | +€48,823 | +18.9% |
| Taxes | 450/3 | €33,910 | €86,894 | +€52,984 | +156.2% |
| Remuneration and social security | 454/9 | €224,070 | €219,909 | -€4,161 | -1.9% |
| Other amounts payable | 47/48 | €15,050 | €76,416 | +€61,366 | +407.8% |
| Accrued charges and deferred income | 492/3 | €7,977 | €134 | -€7,842 | -98.3% |
| Non-recurring operating income | 76A | - | €4,010 | +€4,010 | |
| Remuneration, social security and pensions | 62 | €2,544,295 | €1,906,071 | -€638,224 | -25.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €263,411 | €313,275 | +€49,864 | +18.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €8,749 | -€8,749 | -€17,498 | |
| Other operating charges | 640/8 | €2,225 | €4,145 | +€1,920 | +86.3% |
| Gross operating margin | 9900 | €3,217,958 | €2,313,132 | -€904,826 | -28.1% |
| Operating profit (loss) | 9901 | €399,278 | €98,390 | -€300,888 | -75.4% |
| Financial income | 75/76B | €2,508 | €4,094 | +€1,586 | +63.2% |
| Recurring financial income | 75 | €2,508 | €4,094 | +€1,586 | +63.2% |
| Financial charges | 65/66B | €99,431 | €97,131 | -€2,299 | -2.3% |
| Recurring financial charges | 65 | €99,431 | €97,131 | -€2,299 | -2.3% |
| Profit (loss) for the period before taxes | 9903 | €302,355 | €5,353 | -€297,003 | -98.2% |
| Income taxes | 67/77 | €164 | €170 | +€6 | +3.4% |
| Profit (loss) for the period | 9904 | €302,191 | €5,183 | -€297,008 | -98.3% |
| Profit (loss) for the period to be appropriated | 9905 | €302,191 | €5,183 | -€297,008 | -98.3% |
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 9 October 2026 via checked.be.