MADONNA PIZZA: 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.
MADONNA PIZZA
Largest movements
- Tangible fixed assets +€177,510
up €177,510 (+453%), from €39,186 to €216,695
of which Other tangible fixed assets: +€169,425
- Cash -€32,193
down €32,193 (-88.7%), from €36,313 to €4,121
mainly Investment in fixed assets (net) (-€192,008) and Trade debts (-€69,486)
- Receivables within one year -€28,008
down €28,008 (-28.6%), from €97,980 to €69,972
of which Trade receivables: -€28,026
- Debts after one year +€130,000
new in 2025: €130,000
- Other debts +€80,939
up €80,939 (+24.7%), from €327,397 to €408,336
- Trade debts -€69,486
down €69,486 (-68.8%), from €101,001 to €31,514
- Current portion of long-term debt -€17,443
no longer reported in 2025 (was €17,443)
- Profit (loss) carried forward -€6,701
down €6,701 (-2.3%), from -€292,231 to -€298,932
- Gross operating margin +€136,561
up €136,561, from -€124,530 to €12,031
- Other operating charges +€1,424
new in 2025: €1,424
- Financial charges +€1,265
up €1,265 (+63.5%), from €1,992 to €3,257
of which Financial charges: +€1,457
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 | €173,609 | €290,918 | +€117,309 | +67.6% |
| Fixed assets | 21/28 | €39,316 | €216,825 | +€177,510 | +451% |
| Tangible fixed assets | 22/27 | €39,186 | €216,695 | +€177,510 | +453% |
| Plant, machinery and equipment | 23 | €2,525 | €10,610 | +€8,085 | +320% |
| Other tangible fixed assets | 26 | €36,661 | €206,086 | +€169,425 | +462% |
| Financial fixed assets | 28 | €130 | €130 | = | 0.0% |
| Current assets | 29/58 | €134,294 | €74,093 | -€60,201 | -44.8% |
| Amounts receivable within one year | 40/41 | €97,980 | €69,972 | -€28,008 | -28.6% |
| Trade receivables | 40 | €91,605 | €63,579 | -€28,026 | -30.6% |
| Other amounts receivable | 41 | €6,376 | €6,394 | +€18 | +0.3% |
| Cash at bank and in hand | 54/58 | €36,313 | €4,121 | -€32,193 | -88.7% |
| Total equity and liabilities | 10/49 | €173,609 | €290,918 | +€117,309 | +67.6% |
| Equity | 10/15 | -€272,231 | -€278,932 | -€6,701 | -2.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€292,231 | -€298,932 | -€6,701 | -2.3% |
| Amounts payable | 17/49 | €445,840 | €569,850 | +€124,010 | +27.8% |
| Amounts payable after more than one year | 17 | - | €130,000 | +€130,000 | |
| Financial debts | 170/4 | - | €130,000 | +€130,000 | |
| Amounts payable within one year | 42/48 | €445,840 | €439,850 | -€5,990 | -1.3% |
| Current portion of amounts payable after more than one year | 42 | €17,443 | - | -€17,443 | |
| Trade debts | 44 | €101,001 | €31,514 | -€69,486 | -68.8% |
| Suppliers | 440/4 | €101,001 | €31,514 | -€69,486 | -68.8% |
| Other amounts payable | 47/48 | €327,397 | €408,336 | +€80,939 | +24.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,833 | €14,498 | -€335 | -2.3% |
| Other operating charges | 640/8 | - | €1,424 | +€1,424 | |
| Gross operating margin | 9900 | -€124,530 | €12,031 | +€136,561 | |
| Operating profit (loss) | 9901 | -€139,362 | -€3,890 | +€135,472 | +97.2% |
| Financial income | 75/76B | - | €446 | +€446 | |
| Recurring financial income | 75 | - | €446 | +€446 | |
| Financial charges | 65/66B | €1,992 | €3,257 | +€1,265 | +63.5% |
| Recurring financial charges | 65 | €1,800 | €3,257 | +€1,457 | +81.0% |
| Non-recurring financial charges | 66B | €192 | - | -€192 | |
| Profit (loss) for the period before taxes | 9903 | -€141,354 | -€6,701 | +€134,652 | +95.3% |
| Profit (loss) for the period | 9904 | -€141,354 | -€6,701 | +€134,652 | +95.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€141,354 | -€6,701 | +€134,652 | +95.3% |
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 27 October 2026 via checked.be.