CEDAV Med: 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.
CEDAV Med
Largest movements
- Cash +€74,910
up €74,910 (+55.8%), from €134,269 to €209,179
mainly Other debts (+€211,374) and Net result for the year (+€121,179)
- Intangible fixed assets -€19,980
down €19,980 (-15.4%), from €129,788 to €109,808
- Tangible fixed assets -€6,852
down €6,852 (-10.4%), from €65,996 to €59,144
of which Furniture and vehicles: -€5,645
- Receivables within one year -€5,364
down €5,364 (-64.1%), from €8,364 to €3,000
of which Other amounts receivable: -€8,364
- Other debts +€211,374
new in 2025: €211,374
- Profit (loss) carried forward -€164,717
down €164,717 (-59.4%), from €277,069 to €112,353
- Debts after one year -€29,040
down €29,040 (-39.9%), from €72,801 to €43,761
- Tax, wage and social debts +€20,296
up €20,296 (+151.2%), from €13,424 to €33,719
- Financial charges +€6,684
up €6,684 (+267.8%), from €2,496 to €9,180
- Gross operating margin +€6,360
up €6,360 (+3.2%), from €196,086 to €202,446
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 | €413,000 | €451,468 | +€38,468 | +9.3% |
| Fixed assets | 21/28 | €195,784 | €168,952 | -€26,832 | -13.7% |
| Intangible fixed assets | 21 | €129,788 | €109,808 | -€19,980 | -15.4% |
| Tangible fixed assets | 22/27 | €65,996 | €59,144 | -€6,852 | -10.4% |
| Furniture and vehicles | 24 | €56,956 | €51,311 | -€5,645 | -9.9% |
| Other tangible fixed assets | 26 | €9,040 | €7,833 | -€1,206 | -13.3% |
| Current assets | 29/58 | €217,217 | €282,516 | +€65,300 | +30.1% |
| Amounts receivable within one year | 40/41 | €8,364 | €3,000 | -€5,364 | -64.1% |
| Trade receivables | 40 | - | €3,000 | +€3,000 | |
| Other amounts receivable | 41 | €8,364 | - | -€8,364 | |
| Cash at bank and in hand | 54/58 | €134,269 | €209,179 | +€74,910 | +55.8% |
| Deferred charges and accrued income | 490/1 | €74,584 | €70,338 | -€4,246 | -5.7% |
| Total equity and liabilities | 10/49 | €413,000 | €451,468 | +€38,468 | +9.3% |
| Equity | 10/15 | €297,069 | €132,353 | -€164,717 | -55.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €277,069 | €112,353 | -€164,717 | -59.4% |
| Amounts payable | 17/49 | €115,931 | €319,116 | +€203,185 | +175.3% |
| Amounts payable after more than one year | 17 | €72,801 | €43,761 | -€29,040 | -39.9% |
| Financial debts | 170/4 | €72,801 | €43,761 | -€29,040 | -39.9% |
| Amounts payable within one year | 42/48 | €42,130 | €274,355 | +€232,224 | +551.2% |
| Current portion of amounts payable after more than one year | 42 | €28,454 | €29,040 | +€586 | +2.1% |
| Trade debts | 44 | €253 | €222 | -€31 | -12.1% |
| Suppliers | 440/4 | €253 | €222 | -€31 | -12.1% |
| Taxes, remuneration and social security | 45 | €13,424 | €33,719 | +€20,296 | +151.2% |
| Taxes | 450/3 | €13,424 | €33,719 | +€20,296 | +151.2% |
| Other amounts payable | 47/48 | - | €211,374 | +€211,374 | |
| Accrued charges and deferred income | 492/3 | €1,000 | €1,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,363 | €37,047 | +€1,684 | +4.8% |
| Other operating charges | 640/8 | €1,443 | €778 | -€666 | -46.1% |
| Gross operating margin | 9900 | €196,086 | €202,446 | +€6,360 | +3.2% |
| Operating profit (loss) | 9901 | €159,279 | €164,621 | +€5,342 | +3.4% |
| Financial income | 75/76B | €114 | €36 | -€78 | -68.5% |
| Recurring financial income | 75 | €114 | €36 | -€78 | -68.5% |
| Financial charges | 65/66B | €2,496 | €9,180 | +€6,684 | +267.8% |
| Recurring financial charges | 65 | €2,496 | €9,180 | +€6,684 | +267.8% |
| Profit (loss) for the period before taxes | 9903 | €156,897 | €155,477 | -€1,420 | -0.9% |
| Income taxes | 67/77 | €35,724 | €34,297 | -€1,426 | -4.0% |
| Profit (loss) for the period | 9904 | €121,173 | €121,179 | +€6 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €121,173 | €121,179 | +€6 | 0.0% |
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 10 October 2026 via checked.be.