No Mad Services: 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.
No Mad Services
Largest movements
- Receivables within one year +€5,195
up €5,195 (+25.2%), from €20,580 to €25,776
of which Trade receivables: +€5,194
- Tangible fixed assets +€1,076
new in 2025: €1,076
- Cash -€785
down €785 (-50.6%), from €1,550 to €765
mainly Tax, wage and social debts (-€6,253) and Receivables within one year (-€5,195)
- Profit (loss) carried forward +€12,057
up €12,057 (+79.8%), from -€15,103 to -€3,046
- Tax, wage and social debts -€6,253
down €6,253 (-28.7%), from €21,787 to €15,534
of which Taxes: -€6,173
- Other debts -€4,470
down €4,470 (-98.9%), from €4,521 to €51
- Trade debts +€4,153
up €4,153 (+83.9%), from €4,950 to €9,103
- Gross operating margin +€11,739
up €11,739 (+13.9%), from €84,604 to €96,344
- Staff costs +€4,580
up €4,580 (+6.0%), from €76,407 to €80,987
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 | €22,355 | €27,842 | +€5,487 | +24.5% |
| Fixed assets | 21/28 | €225 | €1,301 | +€1,076 | +478% |
| Tangible fixed assets | 22/27 | - | €1,076 | +€1,076 | |
| Furniture and vehicles | 24 | - | €1,076 | +€1,076 | |
| Financial fixed assets | 28 | €225 | €225 | = | 0.0% |
| Current assets | 29/58 | €22,130 | €26,541 | +€4,411 | +19.9% |
| Amounts receivable within one year | 40/41 | €20,580 | €25,776 | +€5,195 | +25.2% |
| Trade receivables | 40 | €12,980 | €18,175 | +€5,194 | +40.0% |
| Other amounts receivable | 41 | €7,600 | €7,601 | +€1 | 0.0% |
| Cash at bank and in hand | 54/58 | €1,550 | €765 | -€785 | -50.6% |
| Total equity and liabilities | 10/49 | €22,355 | €27,842 | +€5,487 | +24.5% |
| Equity | 10/15 | -€8,903 | €3,154 | +€12,057 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,103 | -€3,046 | +€12,057 | +79.8% |
| Amounts payable | 17/49 | €31,258 | €24,688 | -€6,570 | -21.0% |
| Amounts payable within one year | 42/48 | €31,258 | €24,688 | -€6,570 | -21.0% |
| Trade debts | 44 | €4,950 | €9,103 | +€4,153 | +83.9% |
| Suppliers | 440/4 | €4,950 | €9,103 | +€4,153 | +83.9% |
| Taxes, remuneration and social security | 45 | €21,787 | €15,534 | -€6,253 | -28.7% |
| Taxes | 450/3 | €8,868 | €2,696 | -€6,173 | -69.6% |
| Remuneration and social security | 454/9 | €12,919 | €12,839 | -€80 | -0.6% |
| Other amounts payable | 47/48 | €4,521 | €51 | -€4,470 | -98.9% |
| Remuneration, social security and pensions | 62 | €76,407 | €80,987 | +€4,580 | +6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €224 | +€224 | |
| Other operating charges | 640/8 | €1,364 | €1,920 | +€556 | +40.8% |
| Gross operating margin | 9900 | €84,604 | €96,344 | +€11,739 | +13.9% |
| Operating profit (loss) | 9901 | €6,834 | €13,214 | +€6,380 | +93.4% |
| Financial income | 75/76B | €0 | €3 | +€3 | +1,511% |
| Recurring financial income | 75 | €0 | €3 | +€3 | +1,511% |
| Financial charges | 65/66B | €579 | €270 | -€309 | -53.3% |
| Recurring financial charges | 65 | €579 | €270 | -€309 | -53.3% |
| Profit (loss) for the period before taxes | 9903 | €6,255 | €12,946 | +€6,691 | +107% |
| Income taxes | 67/77 | - | €889 | +€889 | |
| Profit (loss) for the period | 9904 | €6,255 | €12,057 | +€5,802 | +92.8% |
| Profit (loss) for the period to be appropriated | 9905 | €6,255 | €12,057 | +€5,802 | +92.8% |
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 21 October 2026 via checked.be.