MaDynCo: 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.
MaDynCo
Largest movements
- Cash -€1,757
down €1,757 (-23.4%), from €7,510 to €5,753
mainly Investment in fixed assets (net) (-€2,045) and Tax, wage and social debts (-€1,555)
- Tangible fixed assets +€1,640
up €1,640 (+320.5%), from €512 to €2,152
- Deferred charges and accrued income +€1,308
new in 2025: €1,308
- Receivables within one year -€1,046
down €1,046 (-56.2%), from €1,862 to €816
- Tax, wage and social debts -€1,555
down €1,555 (-59.9%), from €2,597 to €1,042
- Profit (loss) carried forward +€1,198
up €1,198 (+3.1%), from -€38,123 to -€36,925
- Other debts +€452
up €452 (+1.5%), from €30,922 to €31,375
- Gross operating margin +€1,285
up €1,285 (+107.1%), from €1,200 to €2,485
- Depreciation +€160
up €160 (+65.5%), from €244 to €405
- Financial charges +€113
up €113 (+60.9%), from €186 to €299
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 | €9,884 | €10,028 | +€145 | +1.5% |
| Fixed assets | 21/28 | €512 | €2,152 | +€1,640 | +320.5% |
| Tangible fixed assets | 22/27 | €512 | €2,152 | +€1,640 | +320.5% |
| Furniture and vehicles | 24 | €512 | €2,152 | +€1,640 | +320.5% |
| Current assets | 29/58 | €9,372 | €7,876 | -€1,496 | -16.0% |
| Amounts receivable within one year | 40/41 | €1,862 | €816 | -€1,046 | -56.2% |
| Trade receivables | 40 | €1,862 | €816 | -€1,046 | -56.2% |
| Cash at bank and in hand | 54/58 | €7,510 | €5,753 | -€1,757 | -23.4% |
| Deferred charges and accrued income | 490/1 | - | €1,308 | +€1,308 | |
| Total equity and liabilities | 10/49 | €9,884 | €10,028 | +€145 | +1.5% |
| Equity | 10/15 | -€23,863 | -€22,665 | +€1,198 | +5.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,123 | -€36,925 | +€1,198 | +3.1% |
| Amounts payable | 17/49 | €33,747 | €32,694 | -€1,053 | -3.1% |
| Amounts payable within one year | 42/48 | €33,747 | €32,694 | -€1,053 | -3.1% |
| Trade debts | 44 | €227 | €277 | +€50 | +21.8% |
| Suppliers | 440/4 | €227 | €277 | +€50 | +21.8% |
| Taxes, remuneration and social security | 45 | €2,597 | €1,042 | -€1,555 | -59.9% |
| Taxes | 450/3 | €2,597 | €1,042 | -€1,555 | -59.9% |
| Other amounts payable | 47/48 | €30,922 | €31,375 | +€452 | +1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €244 | €405 | +€160 | +65.5% |
| Other operating charges | 640/8 | €569 | €585 | +€16 | +2.9% |
| Gross operating margin | 9900 | €1,200 | €2,485 | +€1,285 | +107.1% |
| Operating profit (loss) | 9901 | €387 | €1,495 | +€1,108 | +286.7% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €186 | €299 | +€113 | +60.9% |
| Recurring financial charges | 65 | €186 | €299 | +€113 | +60.9% |
| Profit (loss) for the period before taxes | 9903 | €201 | €1,198 | +€997 | +497.2% |
| Profit (loss) for the period | 9904 | €201 | €1,198 | +€997 | +497.2% |
| Profit (loss) for the period to be appropriated | 9905 | €201 | €1,198 | +€997 | +497.2% |
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 2 October 2026 via checked.be.