MADSOUND: 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.
MADSOUND
Largest movements
- Tangible fixed assets -€9,625
down €9,625 (-39.1%), from €24,590 to €14,965
of which Furniture and vehicles: -€5,284
- Cash -€8,291
down €8,291 (-55.9%), from €14,820 to €6,529
mainly Net result for the year (-€13,169) and Accrued charges and deferred income (-€9,750)
- Receivables within one year -€3,211
down €3,211 (-50.4%), from €6,370 to €3,160
of which Trade receivables: -€2,794
- Profit (loss) carried forward -€13,169
down €13,169 (-41.1%), from €32,034 to €18,865
- Accrued charges and deferred income -€9,750
down €9,750 (-100%), from €9,750 to €0
- Trade debts +€1,174
up €1,174 (+68.8%), from €1,707 to €2,881
- Tax, wage and social debts +€1,059
up €1,059 (+131%), from €808 to €1,868
of which Taxes: +€1,059
- Gross operating margin -€11,884
down €11,884 (-87.9%), from €13,528 to €1,643
- Depreciation -€4,230
down €4,230 (-23.7%), from €17,858 to €13,628
- Other operating charges +€862
up €862 (+901%), from €96 to €958
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 | €47,300 | €26,614 | -€20,686 | -43.7% |
| Fixed assets | 21/28 | €24,590 | €14,965 | -€9,625 | -39.1% |
| Tangible fixed assets | 22/27 | €24,590 | €14,965 | -€9,625 | -39.1% |
| Plant, machinery and equipment | 23 | €17,715 | €13,374 | -€4,341 | -24.5% |
| Furniture and vehicles | 24 | €6,875 | €1,591 | -€5,284 | -76.9% |
| Current assets | 29/58 | €22,710 | €11,648 | -€11,062 | -48.7% |
| Amounts receivable within one year | 40/41 | €6,370 | €3,160 | -€3,211 | -50.4% |
| Trade receivables | 40 | €4,464 | €1,670 | -€2,794 | -62.6% |
| Other amounts receivable | 41 | €1,906 | €1,490 | -€416 | -21.8% |
| Cash at bank and in hand | 54/58 | €14,820 | €6,529 | -€8,291 | -55.9% |
| Deferred charges and accrued income | 490/1 | €1,520 | €1,960 | +€440 | +29.0% |
| Total equity and liabilities | 10/49 | €47,300 | €26,614 | -€20,686 | -43.7% |
| Equity | 10/15 | €35,034 | €21,865 | -€13,169 | -37.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,034 | €18,865 | -€13,169 | -41.1% |
| Amounts payable | 17/49 | €12,266 | €4,749 | -€7,517 | -61.3% |
| Amounts payable within one year | 42/48 | €2,515 | €4,749 | +€2,233 | +88.8% |
| Trade debts | 44 | €1,707 | €2,881 | +€1,174 | +68.8% |
| Suppliers | 440/4 | €1,707 | €2,881 | +€1,174 | +68.8% |
| Taxes, remuneration and social security | 45 | €808 | €1,868 | +€1,059 | +131% |
| Taxes | 450/3 | €808 | €1,868 | +€1,059 | +131% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €0 | €0 | = | |
| Accrued charges and deferred income | 492/3 | €9,750 | €0 | -€9,750 | -100% |
| Remuneration, social security and pensions | 62 | €77 | - | -€77 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,858 | €13,628 | -€4,230 | -23.7% |
| Other operating charges | 640/8 | €96 | €958 | +€862 | +901% |
| Gross operating margin | 9900 | €13,528 | €1,643 | -€11,884 | -87.9% |
| Operating profit (loss) | 9901 | -€4,503 | -€12,942 | -€8,439 | -187% |
| Financial income | 75/76B | €1 | €3 | +€1 | +101% |
| Recurring financial income | 75 | €1 | €3 | +€1 | +101% |
| Financial charges | 65/66B | €147 | €230 | +€83 | +56.7% |
| Recurring financial charges | 65 | €147 | €230 | +€83 | +56.7% |
| Profit (loss) for the period before taxes | 9903 | -€4,648 | -€13,169 | -€8,521 | -183% |
| Profit (loss) for the period | 9904 | -€4,648 | -€13,169 | -€8,521 | -183% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,648 | -€13,169 | -€8,521 | -183% |
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.