4med: what changed
Two fiscal 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.
4med
Largest movements
- Cash +€12,702
up €12,702 (+9.4%), from €135,534 to €148,236
mainly Net result for the year (+€19,902) and Depreciation (+€6,217)
- Tangible fixed assets -€6,217
down €6,217 (-4.4%), from €142,053 to €135,836
- Receivables within one year -€3,204
down €3,204 (-72.6%), from €4,416 to €1,212
of which Other amounts receivable: -€2,962
- Other debts +€5,080
up €5,080 (+6.2%), from €81,931 to €87,011
- Gross operating margin +€8,978
up €8,978 (+27.0%), from €33,257 to €42,235
- Taxes +€2,961
up €2,961 (+46.8%), from €6,326 to €9,287
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 | €282,538 | €285,836 | +€3,298 | +1.2% |
| Fixed assets | 21/28 | €142,053 | €135,836 | -€6,217 | -4.4% |
| Tangible fixed assets | 22/27 | €142,053 | €135,836 | -€6,217 | -4.4% |
| Land and buildings | 22 | €142,053 | €135,836 | -€6,217 | -4.4% |
| Current assets | 29/58 | €140,485 | €150,000 | +€9,515 | +6.8% |
| Amounts receivable within one year | 40/41 | €4,416 | €1,212 | -€3,204 | -72.6% |
| Trade receivables | 40 | €242 | - | -€242 | |
| Other amounts receivable | 41 | €4,174 | €1,212 | -€2,962 | -71.0% |
| Cash at bank and in hand | 54/58 | €135,534 | €148,236 | +€12,702 | +9.4% |
| Deferred charges and accrued income | 490/1 | €535 | €552 | +€17 | +3.2% |
| Total equity and liabilities | 10/49 | €282,538 | €285,836 | +€3,298 | +1.2% |
| Equity | 10/15 | €192,678 | €190,980 | -€1,698 | -0.9% |
| Contributions | 10/11 | €28,000 | €28,000 | = | 0.0% |
| Reserves | 13 | €111,025 | €110,925 | -€100 | -0.1% |
| Distributable reserves | 133 | €111,025 | €110,925 | -€100 | -0.1% |
| Profit (loss) carried forward | 14 | €53,653 | €52,055 | -€1,598 | -3.0% |
| Amounts payable | 17/49 | €89,860 | €94,856 | +€4,996 | +5.6% |
| Amounts payable within one year | 42/48 | €89,860 | €94,856 | +€4,996 | +5.6% |
| Financial debts | 43 | €6,125 | €6,125 | = | 0.0% |
| Other loans | 439 | €6,125 | €6,125 | = | 0.0% |
| Trade debts | 44 | €388 | €400 | +€12 | +3.1% |
| Suppliers | 440/4 | €388 | €400 | +€12 | +3.1% |
| Taxes, remuneration and social security | 45 | €1,416 | €1,320 | -€96 | -6.8% |
| Taxes | 450/3 | €1,416 | €1,320 | -€96 | -6.8% |
| Other amounts payable | 47/48 | €81,931 | €87,011 | +€5,080 | +6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,216 | €6,217 | +€1 | 0.0% |
| Other operating charges | 640/8 | €2,044 | €2,080 | +€36 | +1.8% |
| Gross operating margin | 9900 | €33,257 | €42,235 | +€8,978 | +27.0% |
| Operating profit (loss) | 9901 | €24,997 | €33,938 | +€8,941 | +35.8% |
| Financial charges | 65/66B | €5,094 | €4,749 | -€345 | -6.8% |
| Recurring financial charges | 65 | €5,094 | €4,749 | -€345 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | €19,903 | €29,189 | +€9,286 | +46.7% |
| Income taxes | 67/77 | €6,326 | €9,287 | +€2,961 | +46.8% |
| Profit (loss) for the period | 9904 | €13,577 | €19,902 | +€6,325 | +46.6% |
| Profit (loss) for the period to be appropriated | 9905 | €13,577 | €19,902 | +€6,325 | +46.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.