Madyol: 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.
Madyol
Largest movements
- Tangible fixed assets +€1.3m
new in 2025: €1.3m
of which Land and buildings: +€1.1m
- Cash +€95,736
up €95,736 (+2384.9%), from €4,014 to €99,750
mainly Other debts (+€1.2m) and Contributions, distributions and other (+€150,000)
- Other debts +€1.2m
up €1.2m (+54921.6%), from €2,181 to €1.2m
- Contributions +€150,000
up €150,000 (+15000.0%), from €1,000 to €151,000
- Trade debts +€63,180
up €63,180 (+2281.4%), from €2,769 to €65,950
- Gross operating margin +€3,971
up €3,971 (+22.7%), from -€17,498 to -€13,526
- Other operating charges -€387
no longer reported in 2025 (was €387)
- Financial charges -€321
down €321 (-73.7%), from €436 to €114
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 | €4,740 | €1,401,155 | +€1.4m | +29458.4% |
| Fixed assets | 21/28 | - | €1,292,079 | +€1.3m | |
| Tangible fixed assets | 22/27 | - | €1,292,079 | +€1.3m | |
| Land and buildings | 22 | - | €1,126,641 | +€1.1m | |
| Assets under construction and advance payments | 27 | - | €165,438 | +€165,438 | |
| Current assets | 29/58 | €4,740 | €109,076 | +€104,335 | +2201.0% |
| Amounts receivable within one year | 40/41 | €726 | - | -€726 | |
| Trade receivables | 40 | €726 | - | -€726 | |
| Cash at bank and in hand | 54/58 | €4,014 | €99,750 | +€95,736 | +2384.9% |
| Deferred charges and accrued income | 490/1 | - | €9,326 | +€9,326 | |
| Total equity and liabilities | 10/49 | €4,740 | €1,401,155 | +€1.4m | +29458.4% |
| Equity | 10/15 | -€1,154 | €135,205 | +€136,359 | |
| Contributions | 10/11 | €1,000 | €151,000 | +€150,000 | +15000.0% |
| Profit (loss) carried forward | 14 | -€2,154 | -€15,795 | -€13,641 | -633.3% |
| Amounts payable | 17/49 | €5,894 | €1,265,950 | +€1.3m | +21377.6% |
| Amounts payable within one year | 42/48 | €5,883 | €1,265,950 | +€1.3m | +21417.3% |
| Trade debts | 44 | €2,769 | €65,950 | +€63,180 | +2281.4% |
| Suppliers | 440/4 | €2,769 | €65,950 | +€63,180 | +2281.4% |
| Taxes, remuneration and social security | 45 | €933 | - | -€933 | |
| Taxes | 450/3 | €933 | - | -€933 | |
| Other amounts payable | 47/48 | €2,181 | €1,200,000 | +€1.2m | +54921.6% |
| Accrued charges and deferred income | 492/3 | €11 | - | -€11 | |
| Other operating charges | 640/8 | €387 | - | -€387 | |
| Gross operating margin | 9900 | -€17,498 | -€13,526 | +€3,971 | +22.7% |
| Operating profit (loss) | 9901 | -€17,885 | -€13,526 | +€4,359 | +24.4% |
| Financial charges | 65/66B | €436 | €114 | -€321 | -73.7% |
| Recurring financial charges | 65 | €436 | €114 | -€321 | -73.7% |
| Profit (loss) for the period before taxes | 9903 | -€18,321 | -€13,641 | +€4,680 | +25.5% |
| Income taxes | 67/77 | €5 | - | -€5 | |
| Profit (loss) for the period | 9904 | -€18,325 | -€13,641 | +€4,685 | +25.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,325 | -€13,641 | +€4,685 | +25.6% |
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 30 September 2026 via checked.be.