1602-MED: what changed
1602-MED
Largest movements
- Cash +€15,330
up €15,330 (+478%), from €3,207 to €18,537
mainly Net result for the year (+€14,933) and Depreciation (+€6,720)
- Tangible fixed assets -€5,380
down €5,380 (-19.6%), from €27,424 to €22,044
- Deferred charges and accrued income -€3,930
no longer reported in 2025 (was €3,930)
- Profit (loss) carried forward +€30,635
up €30,635 (+89.2%), from -€34,340 to -€3,705
- Reserves -€15,702
down €15,702 (-41.1%), from €38,229 to €22,527
of which Distributable reserves: -€13,842
- Short-term financial debts -€4,368
no longer reported in 2025 (was €4,368)
- Trade debts -€2,795
down €2,795 (-97.8%), from €2,859 to €63
- Other debts -€1,397
down €1,397 (-32.1%), from €4,353 to €2,956
- Gross operating margin +€16,644
up €16,644 (+254%), from €6,547 to €23,191
- Other operating charges -€6,823
down €6,823 (-93.7%), from €7,282 to €459
- Depreciation -€4,618
down €4,618 (-40.7%), from €11,338 to €6,720
- Financial charges -€1,509
down €1,509 (-55.6%), from €2,712 to €1,203
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €34,561 | €40,581 | +€6,020 | +17.4% |
| Fixed assets | 21/28 | €27,424 | €22,044 | -€5,380 | -19.6% |
| Tangible fixed assets | 22/27 | €27,424 | €22,044 | -€5,380 | -19.6% |
| Plant, machinery and equipment | 23 | €5,687 | €3,345 | -€2,341 | -41.2% |
| Furniture and vehicles | 24 | €6,132 | €4,891 | -€1,241 | -20.2% |
| Other tangible fixed assets | 26 | €15,606 | €13,808 | -€1,798 | -11.5% |
| Current assets | 29/58 | €7,137 | €18,537 | +€11,399 | +160% |
| Cash at bank and in hand | 54/58 | €3,207 | €18,537 | +€15,330 | +478% |
| Deferred charges and accrued income | 490/1 | €3,930 | - | -€3,930 | |
| Total equity and liabilities | 10/49 | €34,561 | €40,581 | +€6,020 | +17.4% |
| Equity | 10/15 | €22,489 | €37,422 | +€14,933 | +66.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €38,229 | €22,527 | -€15,702 | -41.1% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €36,369 | €22,527 | -€13,842 | -38.1% |
| Profit (loss) carried forward | 14 | -€34,340 | -€3,705 | +€30,635 | +89.2% |
| Amounts payable | 17/49 | €12,073 | €3,159 | -€8,914 | -73.8% |
| Amounts payable within one year | 42/48 | €12,073 | €3,159 | -€8,914 | -73.8% |
| Financial debts | 43 | €4,368 | - | -€4,368 | |
| Credit institutions | 430/8 | €4,368 | - | -€4,368 | |
| Trade debts | 44 | €2,859 | €63 | -€2,795 | -97.8% |
| Suppliers | 440/4 | €2,859 | €63 | -€2,795 | -97.8% |
| Taxes, remuneration and social security | 45 | €493 | €140 | -€353 | -71.7% |
| Taxes | 450/3 | €493 | €140 | -€353 | -71.7% |
| Other amounts payable | 47/48 | €4,353 | €2,956 | -€1,397 | -32.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,338 | €6,720 | -€4,618 | -40.7% |
| Other operating charges | 640/8 | €7,282 | €459 | -€6,823 | -93.7% |
| Gross operating margin | 9900 | €6,547 | €23,191 | +€16,644 | +254% |
| Operating profit (loss) | 9901 | -€12,073 | €16,013 | +€28,086 | |
| Financial income | 75/76B | €385 | €271 | -€114 | -29.6% |
| Recurring financial income | 75 | €385 | €271 | -€114 | -29.6% |
| Financial charges | 65/66B | €2,712 | €1,203 | -€1,509 | -55.6% |
| Recurring financial charges | 65 | €2,712 | €1,203 | -€1,509 | -55.6% |
| Profit (loss) for the period before taxes | 9903 | -€14,400 | €15,080 | +€29,481 | |
| Income taxes | 67/77 | €158 | €147 | -€11 | -6.7% |
| Profit (loss) for the period | 9904 | -€14,558 | €14,933 | +€29,491 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,558 | €14,933 | +€29,491 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.