MADORU PROJECTS: 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.
MADORU PROJECTS
Largest movements
- Cash -€9,392
down €9,392 (-93.5%), from €10,046 to €654
mainly Net result for the year (-€7,437) and Trade debts (-€2,417)
- Receivables within one year -€462
down €462 (-81.8%), from €565 to €103
of which Other amounts receivable: -€462
- Profit (loss) carried forward -€7,437
down €7,437 (-2.8%), from -€265,078 to -€272,515
- Trade debts -€2,417
down €2,417 (-99.0%), from €2,442 to €25
- Gross operating margin +€9,595
up €9,595 (+59.6%), from -€16,094 to -€6,499
- Other operating charges -€9,520
down €9,520 (-93.8%), from €10,151 to €632
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 | €10,611 | €757 | -€9,854 | -92.9% |
| Current assets | 29/58 | €10,611 | €757 | -€9,854 | -92.9% |
| Amounts receivable within one year | 40/41 | €565 | €103 | -€462 | -81.8% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €565 | €103 | -€462 | -81.8% |
| Cash at bank and in hand | 54/58 | €10,046 | €654 | -€9,392 | -93.5% |
| Total equity and liabilities | 10/49 | €10,611 | €757 | -€9,854 | -92.9% |
| Equity | 10/15 | -€245,078 | -€252,515 | -€7,437 | -3.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€265,078 | -€272,515 | -€7,437 | -2.8% |
| Amounts payable | 17/49 | €255,689 | €253,272 | -€2,417 | -0.9% |
| Amounts payable within one year | 42/48 | €255,689 | €253,272 | -€2,417 | -0.9% |
| Trade debts | 44 | €2,442 | €25 | -€2,417 | -99.0% |
| Suppliers | 440/4 | €2,442 | €25 | -€2,417 | -99.0% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €253,247 | €253,247 | = | 0.0% |
| Other operating charges | 640/8 | €10,151 | €632 | -€9,520 | -93.8% |
| Gross operating margin | 9900 | -€16,094 | -€6,499 | +€9,595 | +59.6% |
| Operating profit (loss) | 9901 | -€26,245 | -€7,131 | +€19,114 | +72.8% |
| Financial charges | 65/66B | €266 | €306 | +€40 | +15.0% |
| Recurring financial charges | 65 | €266 | €306 | +€40 | +15.0% |
| Profit (loss) for the period before taxes | 9903 | -€26,511 | -€7,437 | +€19,074 | +71.9% |
| Profit (loss) for the period | 9904 | -€26,511 | -€7,437 | +€19,074 | +71.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,511 | -€7,437 | +€19,074 | +71.9% |
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 14 October 2026 via checked.be.