MADRAS: what changed
Two fiscal 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.
MADRAS
Largest movements
- Cash -€30,995
down €30,995 (-12.6%), from €246,491 to €215,496
mainly Accrued charges and deferred income (-€79,412) and Receivables within one year (-€13,747)
- Receivables within one year +€13,747
up €13,747 (+107.9%), from €12,740 to €26,487
of which Other amounts receivable: +€12,132
- Tangible fixed assets -€3,070
down €3,070 (-48.8%), from €6,287 to €3,217
of which Plant, machinery and equipment: -€2,834
- Accrued charges and deferred income -€79,412
down €79,412 (-34.6%), from €229,589 to €150,178
- Profit (loss) carried forward +€69,911
up €69,911, from -€41,901 to €28,010
- Debts within one year -€8,614
down €8,614 (-10.2%), from €84,648 to €76,034
of which Trade debts: -€9,454
- Gross operating margin +€72,008
up €72,008 (+13.3%), from €543,147 to €615,154
- Staff costs -€9,365
down €9,365 (-1.7%), from €551,012 to €541,647
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.
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €272,336 | €254,221 | -€18,115 | -6.7% |
| Fixed assets | 21/28 | €8,387 | €6,499 | -€1,888 | -22.5% |
| Intangible fixed assets | 21 | - | €1,282 | +€1,282 | |
| Tangible fixed assets | 22/27 | €6,287 | €3,217 | -€3,070 | -48.8% |
| Plant, machinery and equipment | 23 | €5,343 | €2,509 | -€2,834 | -53.0% |
| Other tangible fixed assets | 26 | €944 | €708 | -€236 | -25.0% |
| Financial fixed assets | 28 | €2,100 | €2,000 | -€100 | -4.8% |
| Current assets | 29/58 | €263,949 | €247,722 | -€16,227 | -6.1% |
| Amounts receivable within one year | 40/41 | €12,740 | €26,487 | +€13,747 | +107.9% |
| Trade receivables | 40 | €575 | €2,190 | +€1,615 | +280.9% |
| Other amounts receivable | 41 | €12,165 | €24,297 | +€12,132 | +99.7% |
| Cash at bank and in hand | 54/58 | €246,491 | €215,496 | -€30,995 | -12.6% |
| Deferred charges and accrued income | 490/1 | €4,718 | €5,739 | +€1,021 | +21.6% |
| Total equity and liabilities | 10/49 | €272,336 | €254,221 | -€18,115 | -6.7% |
| Equity | 10/15 | -€41,901 | €28,010 | +€69,911 | |
| Profit (loss) carried forward | 14 | -€41,901 | €28,010 | +€69,911 | |
| Amounts payable | 17/49 | €314,237 | €226,211 | -€88,026 | -28.0% |
| Amounts payable within one year | 42/48 | €84,648 | €76,034 | -€8,614 | -10.2% |
| Trade debts | 44 | €23,568 | €14,114 | -€9,454 | -40.1% |
| Suppliers | 440/4 | €23,568 | €14,114 | -€9,454 | -40.1% |
| Taxes, remuneration and social security | 45 | €60,078 | €61,920 | +€1,842 | +3.1% |
| Remuneration and social security | 454/9 | €60,078 | €61,920 | +€1,842 | +3.1% |
| Accrued charges and deferred income | 492/3 | €229,589 | €150,178 | -€79,412 | -34.6% |
| Non-recurring operating income | 76A | - | €8,839 | +€8,839 | |
| Remuneration, social security and pensions | 62 | €551,012 | €541,647 | -€9,365 | -1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,222 | €3,300 | -€922 | -21.8% |
| Other operating charges | 640/8 | €709 | €330 | -€378 | -53.4% |
| Non-recurring operating charges | 66A | €432 | - | -€432 | |
| Gross operating margin | 9900 | €543,147 | €615,154 | +€72,008 | +13.3% |
| Operating profit (loss) | 9901 | -€13,227 | €69,876 | +€83,104 | |
| Financial income | 75/76B | €1,221 | €272 | -€949 | -77.7% |
| Recurring financial income | 75 | €1,221 | €272 | -€949 | -77.7% |
| Financial charges | 65/66B | €230 | €237 | +€8 | +3.4% |
| Recurring financial charges | 65 | €230 | €237 | +€8 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | -€12,236 | €69,911 | +€82,147 | |
| Profit (loss) for the period | 9904 | -€12,236 | €69,911 | +€82,147 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,236 | €69,911 | +€82,147 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.