MADURIC: 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.
MADURIC
Largest movements
- Current investments +€470,161
up €470,161 (+2.9%), from €16.1m to €16.6m
- Cash +€215,470
up €215,470 (+410.7%), from €52,460 to €267,931
mainly Net result for the year (+€1.1m) and Other debts (+€45,000)
- Reserves +€869,915
up €869,915 (+5.3%), from €16.4m to €17.2m
of which Distributable reserves: +€869,915
- Financial income -€1.4m
down €1.4m (-52.9%), from €2.6m to €1.2m
- Taxes -€581,639
down €581,639 (-83.9%), from €693,112 to €111,474
- Financial charges -€27,570
down €27,570 (-98.0%), from €28,144 to €573
- Gross operating margin +€7,243
up €7,243 (+53.2%), from -€13,613 to -€6,369
- Other operating charges +€290
up €290 (+1.2%), from €24,331 to €24,621
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 | €16,814,540 | €17,580,213 | +€765,673 | +4.6% |
| Fixed assets | 21/28 | €501,984 | €501,984 | = | 0.0% |
| Financial fixed assets | 28 | €501,984 | €501,984 | = | 0.0% |
| Current assets | 29/58 | €16,312,556 | €17,078,228 | +€765,673 | +4.7% |
| Amounts receivable within one year | 40/41 | €124,372 | €204,481 | +€80,109 | +64.4% |
| Other amounts receivable | 41 | €124,372 | €204,481 | +€80,109 | +64.4% |
| Current investments | 50/53 | €16,135,635 | €16,605,796 | +€470,161 | +2.9% |
| Cash at bank and in hand | 54/58 | €52,460 | €267,931 | +€215,470 | +410.7% |
| Deferred charges and accrued income | 490/1 | €88 | €20 | -€67 | -76.8% |
| Total equity and liabilities | 10/49 | €16,814,540 | €17,580,213 | +€765,673 | +4.6% |
| Equity | 10/15 | €16,563,306 | €17,433,221 | +€869,915 | +5.3% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €16,363,306 | €17,233,221 | +€869,915 | +5.3% |
| Non-distributable reserves | 130/1 | €20,000 | €20,000 | = | 0.0% |
| Legal reserve | 130 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €16,343,306 | €17,213,221 | +€869,915 | +5.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €251,234 | €146,991 | -€104,242 | -41.5% |
| Amounts payable within one year | 42/48 | €251,234 | €146,991 | -€104,242 | -41.5% |
| Trade debts | 44 | €4,259 | €0 | -€4,259 | -100.0% |
| Suppliers | 440/4 | €4,259 | €0 | -€4,259 | -100.0% |
| Taxes, remuneration and social security | 45 | €246,975 | €101,991 | -€144,984 | -58.7% |
| Taxes | 450/3 | €246,975 | €101,991 | -€144,984 | -58.7% |
| Other amounts payable | 47/48 | €0 | €45,000 | +€45,000 | |
| Other operating charges | 640/8 | €24,331 | €24,621 | +€290 | +1.2% |
| Gross operating margin | 9900 | -€13,613 | -€6,369 | +€7,243 | +53.2% |
| Operating profit (loss) | 9901 | -€37,944 | -€30,991 | +€6,953 | +18.3% |
| Financial income | 75/76B | €2,565,581 | €1,207,952 | -€1.4m | -52.9% |
| Recurring financial income | 75 | €2,565,581 | €1,207,952 | -€1.4m | -52.9% |
| Financial charges | 65/66B | €28,144 | €573 | -€27,570 | -98.0% |
| Recurring financial charges | 65 | €28,144 | €573 | -€27,570 | -98.0% |
| Profit (loss) for the period before taxes | 9903 | €2,499,494 | €1,176,389 | -€1.3m | -52.9% |
| Income taxes | 67/77 | €693,112 | €111,474 | -€581,639 | -83.9% |
| Profit (loss) for the period | 9904 | €1,806,381 | €1,064,915 | -€741,466 | -41.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,806,381 | €1,064,915 | -€741,466 | -41.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.