CEDMED: 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.
CEDMED
Largest movements
- Cash +€89,741
up €89,741 (+64.9%), from €138,260 to €228,001
mainly Net result for the year (+€85,408) and Receivables within one year (+€9,955)
- Receivables within one year -€9,955
down €9,955 (-100%), from €9,955 to €0
- Reserves +€85,408
up €85,408 (+71.8%), from €119,021 to €204,429
- Tax, wage and social debts -€7,474
down €7,474 (-23.8%), from €31,366 to €23,892
- Gross operating margin -€29,847
down €29,847 (-21.5%), from €138,806 to €108,959
- Taxes -€7,474
down €7,474 (-25.2%), from €29,716 to €22,242
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.
Derived cash bridge
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 | €153,818 | €233,454 | +€79,636 | +51.8% |
| Fixed assets | 21/28 | €2,339 | €1,310 | -€1,029 | -44.0% |
| Tangible fixed assets | 22/27 | €2,339 | €1,310 | -€1,029 | -44.0% |
| Plant, machinery and equipment | 23 | €570 | €317 | -€253 | -44.4% |
| Furniture and vehicles | 24 | €1,769 | €993 | -€776 | -43.9% |
| Current assets | 29/58 | €151,478 | €232,144 | +€80,666 | +53.3% |
| Amounts receivable within one year | 40/41 | €9,955 | €0 | -€9,955 | -100% |
| Trade receivables | 40 | €9,955 | €0 | -€9,955 | -100% |
| Cash at bank and in hand | 54/58 | €138,260 | €228,001 | +€89,741 | +64.9% |
| Deferred charges and accrued income | 490/1 | €3,263 | €4,143 | +€880 | +27.0% |
| Total equity and liabilities | 10/49 | €153,818 | €233,454 | +€79,636 | +51.8% |
| Equity | 10/15 | €121,521 | €206,929 | +€85,408 | +70.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €119,021 | €204,429 | +€85,408 | +71.8% |
| Distributable reserves | 133 | €119,021 | €204,429 | +€85,408 | +71.8% |
| Amounts payable | 17/49 | €32,297 | €26,526 | -€5,772 | -17.9% |
| Amounts payable within one year | 42/48 | €31,476 | €26,526 | -€4,950 | -15.7% |
| Trade debts | 44 | €15 | €443 | +€428 | +2,853% |
| Suppliers | 440/4 | €15 | €443 | +€428 | +2,853% |
| Taxes, remuneration and social security | 45 | €31,366 | €23,892 | -€7,474 | -23.8% |
| Taxes | 450/3 | €31,366 | €23,892 | -€7,474 | -23.8% |
| Other amounts payable | 47/48 | €95 | €2,191 | +€2,096 | +2,207% |
| Accrued charges and deferred income | 492/3 | €821 | €0 | -€821 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €862 | €1,029 | +€167 | +19.3% |
| Other operating charges | 640/8 | €126 | €128 | +€2 | +1.6% |
| Gross operating margin | 9900 | €138,806 | €108,959 | -€29,847 | -21.5% |
| Operating profit (loss) | 9901 | €137,818 | €107,802 | -€30,016 | -21.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | - | €152 | +€152 | |
| Recurring financial charges | 65 | - | €152 | +€152 | |
| Profit (loss) for the period before taxes | 9903 | €137,818 | €107,650 | -€30,168 | -21.9% |
| Income taxes | 67/77 | €29,716 | €22,242 | -€7,474 | -25.2% |
| Profit (loss) for the period | 9904 | €108,102 | €85,408 | -€22,694 | -21.0% |
| Profit (loss) for the period to be appropriated | 9905 | €108,102 | €85,408 | -€22,694 | -21.0% |
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 16 October 2026 via checked.be.