Madylou: 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.
Madylou
Largest movements
- Tangible fixed assets +€525,767
up €525,767 (+570%), from €92,312 to €618,079
of which Land and buildings: +€481,274
- Cash -€63,047
down €63,047 (-37.6%), from €167,497 to €104,451
mainly Investment in fixed assets (net) (-€598,437) and Contributions, distributions and other (-€200,000)
- Receivables within one year +€39,681
up €39,681 (+219%), from €18,150 to €57,831
of which Other amounts receivable: +€57,831
- Deferred charges and accrued income -€14,184
down €14,184 (-33.1%), from €42,867 to €28,683
- Debts after one year +€510,556
new in 2025: €510,556
- Profit (loss) carried forward -€113,110
down €113,110 (-87.5%), from €129,238 to €16,127
- Other debts +€44,835
up €44,835 (+28.5%), from €157,444 to €202,279
- Current portion of long-term debt +€19,506
new in 2025: €19,506
- Advances received +€18,150
up €18,150, from €0 to €18,150
- Gross operating margin -€139,768
down €139,768 (-39.9%), from €350,700 to €210,932
- Depreciation +€58,799
up €58,799 (+424%), from €13,871 to €72,670
- Taxes -€54,447
down €54,447 (-67.7%), from €80,472 to €26,025
- Financial charges +€14,165
up €14,165 (+506%), from €2,801 to €16,966
- Write-downs +€8,775
new in 2025: €8,775
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 | €320,826 | €809,044 | +€488,218 | +152% |
| Fixed assets | 21/28 | €92,312 | €618,079 | +€525,767 | +570% |
| Tangible fixed assets | 22/27 | €92,312 | €618,079 | +€525,767 | +570% |
| Land and buildings | 22 | - | €481,274 | +€481,274 | |
| Plant, machinery and equipment | 23 | €62,840 | €111,071 | +€48,231 | +76.8% |
| Furniture and vehicles | 24 | €29,472 | €25,734 | -€3,737 | -12.7% |
| Current assets | 29/58 | €228,514 | €190,965 | -€37,549 | -16.4% |
| Amounts receivable within one year | 40/41 | €18,150 | €57,831 | +€39,681 | +219% |
| Trade receivables | 40 | €18,150 | €0 | -€18,150 | -100% |
| Other amounts receivable | 41 | €0 | €57,831 | +€57,831 | |
| Cash at bank and in hand | 54/58 | €167,497 | €104,451 | -€63,047 | -37.6% |
| Deferred charges and accrued income | 490/1 | €42,867 | €28,683 | -€14,184 | -33.1% |
| Total equity and liabilities | 10/49 | €320,826 | €809,044 | +€488,218 | +152% |
| Equity | 10/15 | €149,643 | €36,532 | -€113,110 | -75.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €129,238 | €16,127 | -€113,110 | -87.5% |
| Amounts payable | 17/49 | €171,183 | €772,512 | +€601,328 | +351% |
| Amounts payable after more than one year | 17 | - | €510,556 | +€510,556 | |
| Financial debts | 170/4 | - | €510,556 | +€510,556 | |
| Amounts payable within one year | 42/48 | €170,683 | €261,456 | +€90,772 | +53.2% |
| Current portion of amounts payable after more than one year | 42 | - | €19,506 | +€19,506 | |
| Trade debts | 44 | €852 | €8,476 | +€7,624 | +895% |
| Suppliers | 440/4 | €852 | €8,476 | +€7,624 | +895% |
| Advances received on contracts in progress | 46 | €0 | €18,150 | +€18,150 | |
| Taxes, remuneration and social security | 45 | €12,387 | €13,044 | +€657 | +5.3% |
| Taxes | 450/3 | €12,387 | €13,044 | +€657 | +5.3% |
| Other amounts payable | 47/48 | €157,444 | €202,279 | +€44,835 | +28.5% |
| Accrued charges and deferred income | 492/3 | €500 | €500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,871 | €72,670 | +€58,799 | +424% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €8,775 | +€8,775 | |
| Other operating charges | 640/8 | €9,937 | €2,004 | -€7,933 | -79.8% |
| Gross operating margin | 9900 | €350,700 | €210,932 | -€139,768 | -39.9% |
| Operating profit (loss) | 9901 | €326,893 | €127,483 | -€199,410 | -61.0% |
| Financial income | 75/76B | €582 | €2,399 | +€1,817 | +312% |
| Recurring financial income | 75 | €582 | €2,399 | +€1,817 | +312% |
| Financial charges | 65/66B | €2,801 | €16,966 | +€14,165 | +506% |
| Recurring financial charges | 65 | €2,801 | €16,966 | +€14,165 | +506% |
| Profit (loss) for the period before taxes | 9903 | €324,673 | €112,915 | -€211,758 | -65.2% |
| Income taxes | 67/77 | €80,472 | €26,025 | -€54,447 | -67.7% |
| Profit (loss) for the period | 9904 | €244,201 | €86,890 | -€157,311 | -64.4% |
| Profit (loss) for the period to be appropriated | 9905 | €244,201 | €86,890 | -€157,311 | -64.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.