MADUELECTRO: 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.
MADUELECTRO
Largest movements
- Receivables within one year -€46,231
down €46,231 (-23.6%), from €195,969 to €149,737
of which Trade receivables: -€30,766
- Financial fixed assets -€20,721
down €20,721 (-100.0%), from €20,721 to €0
- Cash -€8,014
down €8,014 (-73.4%), from €10,911 to €2,897
mainly Trade debts (-€50,569) and Tax, wage and social debts (-€30,737)
- Trade debts -€50,569
down €50,569 (-50.8%), from €99,625 to €49,056
- Tax, wage and social debts -€30,737
down €30,737 (-100.0%), from €30,737 to €0
of which Taxes: -€18,697
- Other debts +€8,201
up €8,201 (+186.8%), from €4,390 to €12,591
- Profit (loss) carried forward -€3,839
down €3,839 (-19.5%), from -€19,640 to -€23,479
- Staff costs -€115,201
down €115,201 (-99.9%), from €115,288 to €87
- Gross operating margin -€66,407
down €66,407, from €65,148 to -€1,259
- Financial charges -€29,296
down €29,296 (-91.2%), from €32,135 to €2,839
of which Non-recurring financial charges: -€20,603
- Other operating charges -€19,859
down €19,859 (-96.7%), from €20,536 to €677
- Financial income +€1,435
up €1,435 (+450.0%), from €319 to €1,754
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.
Cash bridge derived
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 | €229,578 | €152,634 | -€76,944 | -33.5% |
| Fixed assets | 21/28 | €21,453 | €0 | -€21,453 | -100.0% |
| Tangible fixed assets | 22/27 | €732 | €0 | -€732 | -100.0% |
| Land and buildings | 22 | €732 | €0 | -€732 | -100.0% |
| Financial fixed assets | 28 | €20,721 | €0 | -€20,721 | -100.0% |
| Current assets | 29/58 | €208,125 | €152,634 | -€55,490 | -26.7% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €195,969 | €149,737 | -€46,231 | -23.6% |
| Trade receivables | 40 | €31,256 | €490 | -€30,766 | -98.4% |
| Other amounts receivable | 41 | €164,713 | €149,248 | -€15,465 | -9.4% |
| Cash at bank and in hand | 54/58 | €10,911 | €2,897 | -€8,014 | -73.4% |
| Deferred charges and accrued income | 490/1 | €1,245 | €0 | -€1,245 | -100.0% |
| Total equity and liabilities | 10/49 | €229,578 | €152,634 | -€76,944 | -33.5% |
| Equity | 10/15 | €94,826 | €90,987 | -€3,839 | -4.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €52,467 | €52,467 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €46,267 | €46,267 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,640 | -€23,479 | -€3,839 | -19.5% |
| Amounts payable | 17/49 | €134,752 | €61,647 | -€73,105 | -54.3% |
| Amounts payable within one year | 42/48 | €134,752 | €61,647 | -€73,105 | -54.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €99,625 | €49,056 | -€50,569 | -50.8% |
| Suppliers | 440/4 | €99,625 | €49,056 | -€50,569 | -50.8% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €30,737 | €0 | -€30,737 | -100.0% |
| Taxes | 450/3 | €18,697 | €0 | -€18,697 | -100.0% |
| Remuneration and social security | 454/9 | €12,039 | €0 | -€12,039 | -100.0% |
| Other amounts payable | 47/48 | €4,390 | €12,591 | +€8,201 | +186.8% |
| Non-recurring operating income | 76A | €10,113 | €25,000 | +€14,887 | +147.2% |
| Remuneration, social security and pensions | 62 | €115,288 | €87 | -€115,201 | -99.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €183 | €0 | -€183 | -100.0% |
| Other operating charges | 640/8 | €20,536 | €677 | -€19,859 | -96.7% |
| Non-recurring operating charges | 66A | €47,956 | €732 | -€47,224 | -98.5% |
| Gross operating margin | 9900 | €65,148 | -€1,259 | -€66,407 | |
| Operating profit (loss) | 9901 | -€118,815 | -€2,754 | +€116,060 | +97.7% |
| Financial income | 75/76B | €319 | €1,754 | +€1,435 | +450.0% |
| Recurring financial income | 75 | €319 | €1,754 | +€1,435 | +450.0% |
| Financial charges | 65/66B | €32,135 | €2,839 | -€29,296 | -91.2% |
| Recurring financial charges | 65 | €11,532 | €2,839 | -€8,693 | -75.4% |
| Non-recurring financial charges | 66B | €20,603 | €0 | -€20,603 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | -€150,631 | -€3,839 | +€146,792 | +97.5% |
| Income taxes | 67/77 | €64 | €0 | -€64 | -100.0% |
| Profit (loss) for the period | 9904 | -€150,694 | -€3,839 | +€146,855 | +97.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€150,694 | -€3,839 | +€146,855 | +97.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.