Madys Mode: 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.
Madys Mode
Largest movements
- Tangible fixed assets +€23,560
up €23,560 (+87.6%), from €26,890 to €50,450
of which Plant, machinery and equipment: +€25,047
- Stocks and contracts -€7,168
down €7,168 (-16.8%), from €42,761 to €35,593
- Cash -€6,286
down €6,286 (-4.7%), from €133,973 to €127,687
mainly Investment in fixed assets (net) (-€27,460) and Accrued charges and deferred income (-€17,555)
- Deferred charges and accrued income -€5,550
no longer reported in 2025 (was €5,550)
- Financial fixed assets +€3,900
new in 2025: €3,900
- Current portion of long-term debt +€38,896
up €38,896 (+366.0%), from €10,626 to €49,522
- Accrued charges and deferred income -€17,555
no longer reported in 2025 (was €17,555)
- Tax, wage and social debts -€12,327
down €12,327 (-61.3%), from €20,100 to €7,773
of which Taxes: -€12,144
- Debts after one year -€7,965
no longer reported in 2025 (was €7,965)
- Trade debts +€5,202
up €5,202 (+266.9%), from €1,949 to €7,151
- Gross operating margin -€53,961
down €53,961 (-52.1%), from €103,587 to €49,626
- Taxes +€22,000
new in 2025: €22,000
- Staff costs +€8,896
up €8,896 (+1841.8%), from €483 to €9,379
- Depreciation -€4,653
no longer reported in 2025 (was €4,653)
- Other operating charges +€3,912
up €3,912 (+48.7%), from €8,039 to €11,951
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 | €209,174 | €218,622 | +€9,448 | +4.5% |
| Fixed assets | 21/28 | €26,890 | €54,350 | +€27,460 | +102.1% |
| Tangible fixed assets | 22/27 | €26,890 | €50,450 | +€23,560 | +87.6% |
| Plant, machinery and equipment | 23 | - | €25,047 | +€25,047 | |
| Furniture and vehicles | 24 | €26,890 | €25,403 | -€1,487 | -5.5% |
| Financial fixed assets | 28 | - | €3,900 | +€3,900 | |
| Current assets | 29/58 | €182,284 | €164,272 | -€18,012 | -9.9% |
| Stocks and contracts in progress | 3 | €42,761 | €35,593 | -€7,168 | -16.8% |
| Stocks | 30/36 | €42,761 | €35,593 | -€7,168 | -16.8% |
| Amounts receivable within one year | 40/41 | - | €992 | +€992 | |
| Other amounts receivable | 41 | - | €992 | +€992 | |
| Cash at bank and in hand | 54/58 | €133,973 | €127,687 | -€6,286 | -4.7% |
| Deferred charges and accrued income | 490/1 | €5,550 | - | -€5,550 | |
| Total equity and liabilities | 10/49 | €209,174 | €218,622 | +€9,448 | +4.5% |
| Equity | 10/15 | €150,979 | €154,176 | +€3,197 | +2.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €140,979 | €144,176 | +€3,197 | +2.3% |
| Amounts payable | 17/49 | €58,195 | €64,446 | +€6,251 | +10.7% |
| Amounts payable after more than one year | 17 | €7,965 | - | -€7,965 | |
| Financial debts | 170/4 | €7,965 | - | -€7,965 | |
| Amounts payable within one year | 42/48 | €32,675 | €64,446 | +€31,771 | +97.2% |
| Current portion of amounts payable after more than one year | 42 | €10,626 | €49,522 | +€38,896 | +366.0% |
| Trade debts | 44 | €1,949 | €7,151 | +€5,202 | +266.9% |
| Suppliers | 440/4 | €1,949 | €7,151 | +€5,202 | +266.9% |
| Taxes, remuneration and social security | 45 | €20,100 | €7,773 | -€12,327 | -61.3% |
| Taxes | 450/3 | €19,917 | €7,773 | -€12,144 | -61.0% |
| Remuneration and social security | 454/9 | €183 | - | -€183 | |
| Accrued charges and deferred income | 492/3 | €17,555 | - | -€17,555 | |
| Remuneration, social security and pensions | 62 | €483 | €9,379 | +€8,896 | +1841.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,653 | - | -€4,653 | |
| Other operating charges | 640/8 | €8,039 | €11,951 | +€3,912 | +48.7% |
| Gross operating margin | 9900 | €103,587 | €49,626 | -€53,961 | -52.1% |
| Operating profit (loss) | 9901 | €90,412 | €28,296 | -€62,116 | -68.7% |
| Financial charges | 65/66B | €3,509 | €3,099 | -€410 | -11.7% |
| Recurring financial charges | 65 | €3,509 | €3,099 | -€410 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | €86,903 | €25,197 | -€61,706 | -71.0% |
| Income taxes | 67/77 | - | €22,000 | +€22,000 | |
| Profit (loss) for the period | 9904 | €86,903 | €3,197 | -€83,706 | -96.3% |
| Profit (loss) for the period to be appropriated | 9905 | €86,903 | €3,197 | -€83,706 | -96.3% |
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 11 October 2026 via checked.be.