NoD,
yes, but your very elegant suggestion is valid when having enough remaning runway after VR, so as to continue accelerating the a/c at least to any minimum speed needed for that, maybe on that Madrid runway being long enough.
on that B737 accident in the past, runway was only 2000 mts long, by the time it happens what you say, you will be off the runway already...
rubbish is always what human beings never wanted to consider until it happens...