MADRILE: 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.
MADRILE
Largest movements
- Current investments -€100,000
no longer reported in 2025 (was €100,000)
- Cash +€65,714
up €65,714 (+152%), from €43,313 to €109,027
mainly Current investments (+€100,000) and Net result for the year (+€30,806)
- Receivables within one year +€29,655
new in 2025: €29,655
of which Trade receivables: +€29,469
- Reserves -€4,954
down €4,954 (-3.6%), from €137,039 to €132,085
- Gross operating margin +€4,692
up €4,692 (+11.7%), from €40,022 to €44,714
- Financial income -€1,070
down €1,070 (-34.5%), from €3,100 to €2,030
- Taxes +€1,061
up €1,061 (+7.9%), from €13,362 to €14,423
- Financial charges +€563
up €563 (+102%), from €552 to €1,116
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 | €143,715 | €138,776 | -€4,939 | -3.4% |
| Current assets | 29/58 | €143,715 | €138,776 | -€4,939 | -3.4% |
| Amounts receivable within one year | 40/41 | - | €29,655 | +€29,655 | |
| Trade receivables | 40 | - | €29,469 | +€29,469 | |
| Other amounts receivable | 41 | - | €186 | +€186 | |
| Current investments | 50/53 | €100,000 | - | -€100,000 | |
| Cash at bank and in hand | 54/58 | €43,313 | €109,027 | +€65,714 | +152% |
| Deferred charges and accrued income | 490/1 | €402 | €94 | -€308 | -76.6% |
| Total equity and liabilities | 10/49 | €143,715 | €138,776 | -€4,939 | -3.4% |
| Equity | 10/15 | €143,239 | €138,285 | -€4,954 | -3.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €137,039 | €132,085 | -€4,954 | -3.6% |
| Distributable reserves | 133 | €137,039 | €132,085 | -€4,954 | -3.6% |
| Amounts payable | 17/49 | €476 | €491 | +€15 | +3.2% |
| Amounts payable within one year | 42/48 | €476 | €491 | +€15 | +3.2% |
| Trade debts | 44 | €44 | - | -€44 | |
| Suppliers | 440/4 | €44 | - | -€44 | |
| Taxes, remuneration and social security | 45 | €432 | - | -€432 | |
| Taxes | 450/3 | €432 | - | -€432 | |
| Other amounts payable | 47/48 | - | €491 | +€491 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €187 | - | -€187 | |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €40,022 | €44,714 | +€4,692 | +11.7% |
| Operating profit (loss) | 9901 | €39,447 | €44,315 | +€4,867 | +12.3% |
| Financial income | 75/76B | €3,100 | €2,030 | -€1,070 | -34.5% |
| Recurring financial income | 75 | €3,100 | €2,030 | -€1,070 | -34.5% |
| Financial charges | 65/66B | €552 | €1,116 | +€563 | +102% |
| Recurring financial charges | 65 | €552 | €1,116 | +€563 | +102% |
| Profit (loss) for the period before taxes | 9903 | €41,995 | €45,229 | +€3,234 | +7.7% |
| Income taxes | 67/77 | €13,362 | €14,423 | +€1,061 | +7.9% |
| Profit (loss) for the period | 9904 | €28,633 | €30,806 | +€2,173 | +7.6% |
| Profit (loss) for the period to be appropriated | 9905 | €28,633 | €30,806 | +€2,173 | +7.6% |
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 16 October 2026 via checked.be.