MADI: 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.
MADI
Largest movements
- Receivables within one year +€41,949
up €41,949 (+1,405%), from €2,987 to €44,936
of which Other amounts receivable: +€39,593
- Tangible fixed assets -€21,875
down €21,875 (-85.5%), from €25,579 to €3,704
of which Furniture and vehicles: -€20,939
- Cash -€3,279
down €3,279 (-70.8%), from €4,634 to €1,355
mainly Receivables within one year (-€41,949) and Other debts (-€458)
- Tax, wage and social debts +€6,993
up €6,993 (+113%), from €6,189 to €13,182
- Profit (loss) carried forward +€5,235
up €5,235 (+96.3%), from €5,439 to €10,674
- Advances received +€5,000
new in 2024: €5,000
- Taxes +€6,315
up €6,315 (+141%), from €4,481 to €10,795
- Other operating charges -€6,186
down €6,186 (-81.9%), from €7,550 to €1,364
- Depreciation -€5,793
down €5,793 (-32.1%), from €18,066 to €12,273
- Gross operating margin -€2,104
down €2,104 (-5.8%), from €36,357 to €34,253
- Financial charges -€1,623
down €1,623 (-85.3%), from €1,903 to €280
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €33,580 | €50,375 | +€16,795 | +50.0% |
| Fixed assets | 21/28 | €25,579 | €3,704 | -€21,875 | -85.5% |
| Tangible fixed assets | 22/27 | €25,579 | €3,704 | -€21,875 | -85.5% |
| Furniture and vehicles | 24 | €21,317 | €378 | -€20,939 | -98.2% |
| Other tangible fixed assets | 26 | €4,262 | €3,326 | -€936 | -22.0% |
| Current assets | 29/58 | €8,001 | €46,671 | +€38,670 | +483% |
| Amounts receivable within one year | 40/41 | €2,987 | €44,936 | +€41,949 | +1,405% |
| Trade receivables | 40 | €2,987 | €5,342 | +€2,356 | +78.9% |
| Other amounts receivable | 41 | - | €39,593 | +€39,593 | |
| Cash at bank and in hand | 54/58 | €4,634 | €1,355 | -€3,279 | -70.8% |
| Deferred charges and accrued income | 490/1 | €381 | €381 | = | 0.0% |
| Total equity and liabilities | 10/49 | €33,580 | €50,375 | +€16,795 | +50.0% |
| Equity | 10/15 | €25,899 | €31,134 | +€5,235 | +20.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 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 | €5,439 | €10,674 | +€5,235 | +96.3% |
| Amounts payable | 17/49 | €7,681 | €19,241 | +€11,560 | +150% |
| Amounts payable within one year | 42/48 | €7,681 | €19,241 | +€11,560 | +150% |
| Trade debts | 44 | €1,034 | €1,059 | +€25 | +2.4% |
| Suppliers | 440/4 | €1,034 | €1,059 | +€25 | +2.4% |
| Advances received on contracts in progress | 46 | - | €5,000 | +€5,000 | |
| Taxes, remuneration and social security | 45 | €6,189 | €13,182 | +€6,993 | +113% |
| Taxes | 450/3 | €6,189 | €13,182 | +€6,993 | +113% |
| Other amounts payable | 47/48 | €458 | - | -€458 | |
| Non-recurring operating income | 76A | €23,244 | - | -€23,244 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,066 | €12,273 | -€5,793 | -32.1% |
| Other operating charges | 640/8 | €7,550 | €1,364 | -€6,186 | -81.9% |
| Non-recurring operating charges | 66A | €8,991 | €5,470 | -€3,521 | -39.2% |
| Gross operating margin | 9900 | €36,357 | €34,253 | -€2,104 | -5.8% |
| Operating profit (loss) | 9901 | €1,751 | €15,147 | +€13,396 | +765% |
| Financial income | 75/76B | - | €1,164 | +€1,164 | |
| Recurring financial income | 75 | - | €1,164 | +€1,164 | |
| Financial charges | 65/66B | €1,903 | €280 | -€1,623 | -85.3% |
| Recurring financial charges | 65 | €1,903 | €280 | -€1,623 | -85.3% |
| Profit (loss) for the period before taxes | 9903 | -€152 | €16,031 | +€16,182 | |
| Income taxes | 67/77 | €4,481 | €10,795 | +€6,315 | +141% |
| Profit (loss) for the period | 9904 | -€4,633 | €5,235 | +€9,868 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,633 | €5,235 | +€9,868 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.