MADY & CO: 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.
MADY & CO
Largest movements
- Receivables within one year -€19,123
down €19,123 (-9.2%), from €207,328 to €188,206
of which Trade receivables: -€17,633
- Cash +€16,283
up €16,283 (+5.0%), from €327,903 to €344,186
mainly Net result for the year (+€195,060) and Other debts (+€93,861)
- Reserves -€129,940
down €129,940 (-57.8%), from €224,877 to €94,938
- Other debts +€93,861
up €93,861 (+51.6%), from €181,937 to €275,798
- Tax, wage and social debts -€41,444
down €41,444 (-99.7%), from €41,553 to €110
of which Taxes: -€34,205
- Short-term financial debts +€40,000
up €40,000 (+1,200%), from €3,333 to €43,333
- Trade debts +€39,154
up €39,154 (+237%), from €16,511 to €55,665
- Gross operating margin +€153,274
up €153,274 (+53.3%), from €287,769 to €441,043
- Staff costs +€60,830
up €60,830 (+46.4%), from €131,077 to €191,907
- Taxes +€23,858
up €23,858 (+65.8%), from €36,252 to €60,110
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 | €616,852 | €618,484 | +€1,632 | +0.3% |
| Fixed assets | 21/28 | €3,325 | €6,995 | +€3,670 | +110% |
| Tangible fixed assets | 22/27 | €2,725 | €6,395 | +€3,670 | +135% |
| Plant, machinery and equipment | 23 | - | €4,169 | +€4,169 | |
| Other tangible fixed assets | 26 | €2,725 | €2,226 | -€500 | -18.3% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €613,526 | €611,489 | -€2,038 | -0.3% |
| Stocks and contracts in progress | 3 | €77,855 | €77,977 | +€122 | +0.2% |
| Stocks | 30/36 | €21,394 | €18,642 | -€2,752 | -12.9% |
| Contracts in progress | 37 | €56,461 | €59,336 | +€2,875 | +5.1% |
| Amounts receivable within one year | 40/41 | €207,328 | €188,206 | -€19,123 | -9.2% |
| Trade receivables | 40 | €190,815 | €173,182 | -€17,633 | -9.2% |
| Other amounts receivable | 41 | €16,513 | €15,024 | -€1,489 | -9.0% |
| Cash at bank and in hand | 54/58 | €327,903 | €344,186 | +€16,283 | +5.0% |
| Deferred charges and accrued income | 490/1 | €440 | €1,120 | +€680 | +155% |
| Total equity and liabilities | 10/49 | €616,852 | €618,484 | +€1,632 | +0.3% |
| Equity | 10/15 | €373,517 | €243,578 | -€129,940 | -34.8% |
| Contributions | 10/11 | €148,640 | €148,640 | = | 0.0% |
| Reserves | 13 | €224,877 | €94,938 | -€129,940 | -57.8% |
| Distributable reserves | 133 | €224,877 | €94,938 | -€129,940 | -57.8% |
| Amounts payable | 17/49 | €243,335 | €374,906 | +€131,572 | +54.1% |
| Amounts payable within one year | 42/48 | €243,335 | €374,906 | +€131,572 | +54.1% |
| Financial debts | 43 | €3,333 | €43,333 | +€40,000 | +1,200% |
| Credit institutions | 430/8 | €3,333 | €43,333 | +€40,000 | +1,200% |
| Trade debts | 44 | €16,511 | €55,665 | +€39,154 | +237% |
| Suppliers | 440/4 | €16,511 | €55,665 | +€39,154 | +237% |
| Taxes, remuneration and social security | 45 | €41,553 | €110 | -€41,444 | -99.7% |
| Taxes | 450/3 | €34,315 | €110 | -€34,205 | -99.7% |
| Remuneration and social security | 454/9 | €7,238 | - | -€7,238 | |
| Other amounts payable | 47/48 | €181,937 | €275,798 | +€93,861 | +51.6% |
| Remuneration, social security and pensions | 62 | €131,077 | €191,907 | +€60,830 | +46.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €725 | €578 | -€147 | -20.2% |
| Other operating charges | 640/8 | €169 | €129 | -€40 | -23.7% |
| Gross operating margin | 9900 | €287,769 | €441,043 | +€153,274 | +53.3% |
| Operating profit (loss) | 9901 | €155,798 | €248,428 | +€92,630 | +59.5% |
| Financial income | 75/76B | €6,644 | €7,724 | +€1,081 | +16.3% |
| Recurring financial income | 75 | €6,644 | €7,724 | +€1,081 | +16.3% |
| Financial charges | 65/66B | €4,163 | €983 | -€3,180 | -76.4% |
| Recurring financial charges | 65 | €4,163 | €983 | -€3,180 | -76.4% |
| Profit (loss) for the period before taxes | 9903 | €158,280 | €255,170 | +€96,890 | +61.2% |
| Income taxes | 67/77 | €36,252 | €60,110 | +€23,858 | +65.8% |
| Profit (loss) for the period | 9904 | €122,028 | €195,060 | +€73,032 | +59.8% |
| Profit (loss) for the period to be appropriated | 9905 | €122,028 | €195,060 | +€73,032 | +59.8% |
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 21 October 2026 via checked.be.