MADONNATEX: what changed
What changed
MADONNATEX
NACE 46.412, Wholesale of household textiles and bedding
filed annual accounts (NBB)
Net result for the year
-€5,655
2024 · -€16,444+€10,789
Equity
€44,518
2024 · €50,173-€5,655
Cash
€1,157
2024 · €879+€278
Balance sheet total
€80,115
2024 · €109,876-€29,761
Largest movements
Assets
- Stocks and contracts -€19,566
down €19,566 (-38.5%), from €50,812 to €31,246
- Tangible fixed assets -€8,957
down €8,957 (-55.3%), from €16,209 to €7,253
of which Furniture and vehicles: -€8,254
Equity and liabilities
- Trade debts -€31,402
down €31,402 (-58.0%), from €54,164 to €22,762
- Reserves -€5,655
down €5,655 (-17.9%), from €31,573 to €25,918
- Other debts +€2,632
up €2,632 (+1,424%), from €185 to €2,817
- Tax, wage and social debts +€2,441
up €2,441 (+187%), from €1,305 to €3,746
- Short-term financial debts +€2,252
up €2,252 (+60.3%), from €3,737 to €5,988
Income statement
- Gross operating margin +€14,222
up €14,222, from -€3,855 to €10,367
- Other operating charges +€2,819
up €2,819 (+147%), from €1,924 to €4,743
- Financial income -€444
down €444 (-61.2%), from €725 to €281
- Depreciation +€148
up €148 (+1.7%), from €8,809 to €8,957
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€16,444
Gross operating margin
+€14,222
Depreciation
-€148
Other operating charges
-€2,819
Financial income
-€444
Financial charges
-€28
Taxes
+€6
Result 2025
-€5,655
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€1,974
Investment
€0
Financing
+€2,252
Cash 2024
€879
From operations (derived)
-€1,974
Net result for the year
-€5,655
Depreciation
+€8,957
Stocks and contracts
+€19,566
Receivables within one year
+€455
Deferred charges and accrued income
+€1,061
Trade debts
-€31,402
Tax, wage and social debts
+€2,441
Other debts
+€2,632
Accrued charges and deferred income
-€28
Financing
+€2,252
Short-term financial debts
+€2,252
Cash 2025
€1,157
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €109,876 | €80,115 | -€29,761 | -27.1% |
| Fixed assets | 21/28 | €16,209 | €7,253 | -€8,957 | -55.3% |
| Tangible fixed assets | 22/27 | €16,209 | €7,253 | -€8,957 | -55.3% |
| Land and buildings | 22 | €7,656 | €6,953 | -€703 | -9.2% |
| Furniture and vehicles | 24 | €8,554 | €300 | -€8,254 | -96.5% |
| Current assets | 29/58 | €93,666 | €72,862 | -€20,804 | -22.2% |
| Stocks and contracts in progress | 3 | €50,812 | €31,246 | -€19,566 | -38.5% |
| Stocks | 30/36 | €50,812 | €31,246 | -€19,566 | -38.5% |
| Amounts receivable within one year | 40/41 | €39,672 | €39,217 | -€455 | -1.1% |
| Trade receivables | 40 | €31,048 | €28,118 | -€2,930 | -9.4% |
| Other amounts receivable | 41 | €8,624 | €11,099 | +€2,475 | +28.7% |
| Cash at bank and in hand | 54/58 | €879 | €1,157 | +€278 | +31.6% |
| Deferred charges and accrued income | 490/1 | €2,304 | €1,243 | -€1,061 | -46.1% |
| Total equity and liabilities | 10/49 | €109,876 | €80,115 | -€29,761 | -27.1% |
| Equity | 10/15 | €50,173 | €44,518 | -€5,655 | -11.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €31,573 | €25,918 | -€5,655 | -17.9% |
| Distributable reserves | 133 | €31,573 | €25,918 | -€5,655 | -17.9% |
| Amounts payable | 17/49 | €59,703 | €35,597 | -€24,106 | -40.4% |
| Amounts payable within one year | 42/48 | €59,390 | €35,312 | -€24,078 | -40.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €3,737 | €5,988 | +€2,252 | +60.3% |
| Credit institutions | 430/8 | €3,737 | €5,988 | +€2,252 | +60.3% |
| Trade debts | 44 | €54,164 | €22,762 | -€31,402 | -58.0% |
| Suppliers | 440/4 | €54,164 | €22,762 | -€31,402 | -58.0% |
| Taxes, remuneration and social security | 45 | €1,305 | €3,746 | +€2,441 | +187% |
| Taxes | 450/3 | €1,305 | €3,746 | +€2,441 | +187% |
| Other amounts payable | 47/48 | €185 | €2,817 | +€2,632 | +1,424% |
| Accrued charges and deferred income | 492/3 | €313 | €285 | -€28 | -8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,809 | €8,957 | +€148 | +1.7% |
| Other operating charges | 640/8 | €1,924 | €4,743 | +€2,819 | +147% |
| Gross operating margin | 9900 | -€3,855 | €10,367 | +€14,222 | |
| Operating profit (loss) | 9901 | -€14,587 | -€3,333 | +€11,254 | +77.2% |
| Financial income | 75/76B | €725 | €281 | -€444 | -61.2% |
| Recurring financial income | 75 | €725 | €281 | -€444 | -61.2% |
| Financial charges | 65/66B | €2,432 | €2,461 | +€28 | +1.2% |
| Recurring financial charges | 65 | €2,432 | €2,461 | +€28 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | -€16,295 | -€5,512 | +€10,783 | +66.2% |
| Income taxes | 67/77 | €149 | €143 | -€6 | -4.1% |
| Profit (loss) for the period | 9904 | -€16,444 | -€5,655 | +€10,789 | +65.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,444 | -€5,655 | +€10,789 | +65.6% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.