MADYMMO: 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.
MADYMMO
Largest movements
- Tangible fixed assets -€9,174
down €9,174 (-3.2%), from €284,415 to €275,241
- Trade debts +€25,199
up €25,199 (+39.7%), from €63,474 to €88,673
- Debts after one year -€12,609
down €12,609 (-11.2%), from €112,609 to €100,000
of which Financial debts: -€12,609
- Current portion of long-term debt -€8,601
down €8,601 (-40.6%), from €21,210 to €12,609
- Other debts -€7,427
down €7,427 (-4.2%), from €177,867 to €170,440
- Gross operating margin -€11,343
down €11,343 (-45.9%), from €24,730 to €13,387
- Taxes -€2,765
no longer reported in 2025 (was €2,765)
- Financial charges -€1,163
down €1,163 (-11.2%), from €10,356 to €9,194
- Depreciation +€379
up €379 (+4.3%), from €8,795 to €9,174
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 | €678,704 | €672,579 | -€6,125 | -0.9% |
| Fixed assets | 21/28 | €600,461 | €591,317 | -€9,144 | -1.5% |
| Tangible fixed assets | 22/27 | €284,415 | €275,241 | -€9,174 | -3.2% |
| Land and buildings | 22 | €284,415 | €275,241 | -€9,174 | -3.2% |
| Financial fixed assets | 28 | €316,046 | €316,076 | +€30 | 0.0% |
| Current assets | 29/58 | €78,243 | €81,262 | +€3,019 | +3.9% |
| Amounts receivable within one year | 40/41 | €73,818 | €76,433 | +€2,615 | +3.5% |
| Trade receivables | 40 | €3,506 | €4,462 | +€956 | +27.3% |
| Other amounts receivable | 41 | €70,312 | €71,970 | +€1,659 | +2.4% |
| Cash at bank and in hand | 54/58 | €25 | €429 | +€404 | +1611.8% |
| Deferred charges and accrued income | 490/1 | €4,400 | €4,400 | = | 0.0% |
| Total equity and liabilities | 10/49 | €678,704 | €672,579 | -€6,125 | -0.9% |
| Equity | 10/15 | €227,493 | €221,951 | -€5,542 | -2.4% |
| Contributions | 10/11 | €140,000 | €140,000 | = | 0.0% |
| Capital | 10 | €140,000 | €140,000 | = | 0.0% |
| Issued capital | 100 | €140,000 | €140,000 | = | 0.0% |
| Reserves | 13 | €105,195 | €99,941 | -€5,254 | -5.0% |
| Non-distributable reserves | 130/1 | €1,375 | €1,375 | = | 0.0% |
| Legal reserve | 130 | €1,375 | €1,375 | = | 0.0% |
| Tax-exempt reserves | 132 | €103,820 | €98,566 | -€5,254 | -5.1% |
| Profit (loss) carried forward | 14 | -€17,703 | -€17,990 | -€288 | -1.6% |
| Provisions and deferred taxes | 16 | €34,607 | €32,855 | -€1,751 | -5.1% |
| Deferred taxes | 168 | €34,607 | €32,855 | -€1,751 | -5.1% |
| Amounts payable | 17/49 | €416,604 | €417,773 | +€1,168 | +0.3% |
| Amounts payable after more than one year | 17 | €112,609 | €100,000 | -€12,609 | -11.2% |
| Financial debts | 170/4 | €12,609 | - | -€12,609 | |
| Other amounts payable | 178/9 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €291,279 | €300,216 | +€8,938 | +3.1% |
| Current portion of amounts payable after more than one year | 42 | €21,210 | €12,609 | -€8,601 | -40.6% |
| Financial debts | 43 | €25,570 | €25,729 | +€160 | +0.6% |
| Credit institutions | 430/8 | €25,570 | €25,729 | +€160 | +0.6% |
| Trade debts | 44 | €63,474 | €88,673 | +€25,199 | +39.7% |
| Suppliers | 440/4 | €63,474 | €88,673 | +€25,199 | +39.7% |
| Taxes, remuneration and social security | 45 | €3,158 | €2,765 | -€393 | -12.5% |
| Taxes | 450/3 | €3,158 | €2,765 | -€393 | -12.5% |
| Other amounts payable | 47/48 | €177,867 | €170,440 | -€7,427 | -4.2% |
| Accrued charges and deferred income | 492/3 | €12,717 | €17,557 | +€4,839 | +38.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,795 | €9,174 | +€379 | +4.3% |
| Other operating charges | 640/8 | €3,837 | €3,824 | -€13 | -0.3% |
| Gross operating margin | 9900 | €24,730 | €13,387 | -€11,343 | -45.9% |
| Operating profit (loss) | 9901 | €12,098 | €389 | -€11,709 | -96.8% |
| Financial income | 75/76B | €1,400 | €1,511 | +€111 | +8.0% |
| Recurring financial income | 75 | €1,400 | €1,511 | +€111 | +8.0% |
| Financial charges | 65/66B | €10,356 | €9,194 | -€1,163 | -11.2% |
| Recurring financial charges | 65 | €10,356 | €9,194 | -€1,163 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | €3,142 | -€7,293 | -€10,435 | |
| Transfer from deferred taxes | 780 | €1,751 | €1,751 | = | 0.0% |
| Income taxes | 67/77 | €2,765 | - | -€2,765 | |
| Profit (loss) for the period | 9904 | €2,128 | -€5,542 | -€7,670 | |
| Transfer from tax-exempt reserves | 789 | €5,254 | €5,254 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,382 | -€288 | -€7,670 |
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 9 October 2026 via checked.be.