de Médicis: 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.
What changed
de Médicis
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€4,053
2024 · -€16,503+€20,556
Equity
€442,686
2024 · €438,633+€4,053
Cash
€4,389
2024 · €5,933-€1,544
Balance sheet total
€3.4m
2024 · €3.4m-€24,304
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Debts after one year -€52,302
down €52,302 (-5.6%), from €932,767 to €880,464
Income statement
- Gross operating margin +€15,149
up €15,149 (+47.6%), from €31,798 to €46,948
- Financial income +€4,340
up €4,340 (+82,353%), from €5 to €4,345
- Depreciation -€4,268
down €4,268 (-13.1%), from €32,661 to €28,393
- Other operating charges +€2,331
up €2,331 (+53.4%), from €4,366 to €6,696
- Financial charges +€892
up €892 (+8.4%), from €10,648 to €11,540
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.
Result 2024
-€16,503
Gross operating margin
+€15,149
Depreciation
+€4,268
Other operating charges
-€2,331
Financial income
+€4,340
Financial charges
-€892
Taxes
+€21
Result 2025
€4,053
raises the resultlowers the result
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.
From operations
+€53,749
Investment
-€3,068
Financing
-€52,224
Cash 2024
€5,933
From operations (derived)
+€53,749
Net result for the year
+€4,053
Depreciation
+€28,393
Receivables within one year
-€4,510
Deferred charges and accrued income
+€1,945
Trade debts
-€5,049
Tax, wage and social debts
-€21
Advances received
-€345
Other debts
+€29,283
Investment (derived)
-€3,068
Investment in fixed assets (net)
-€3,068
Financing
-€52,224
Debts after one year
-€52,302
Current portion of long-term debt
+€78
Cash 2025
€4,389
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,418,313 | €3,394,009 | -€24,304 | -0.7% |
| Fixed assets | 21/28 | €2,121,100 | €2,095,775 | -€25,325 | -1.2% |
| Tangible fixed assets | 22/27 | €621,100 | €595,775 | -€25,325 | -4.1% |
| Land and buildings | 22 | €614,089 | €593,034 | -€21,055 | -3.4% |
| Furniture and vehicles | 24 | €7,011 | €2,741 | -€4,270 | -60.9% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €1,500,000 | €1,500,000 | = | 0.0% |
| Current assets | 29/58 | €1,297,213 | €1,298,234 | +€1,021 | +0.1% |
| Amounts receivable within one year | 40/41 | €1,288,727 | €1,293,237 | +€4,510 | +0.3% |
| Other amounts receivable | 41 | €1,288,727 | €1,293,237 | +€4,510 | +0.3% |
| Cash at bank and in hand | 54/58 | €5,933 | €4,389 | -€1,544 | -26.0% |
| Deferred charges and accrued income | 490/1 | €2,553 | €608 | -€1,945 | -76.2% |
| Total equity and liabilities | 10/49 | €3,418,313 | €3,394,009 | -€24,304 | -0.7% |
| Equity | 10/15 | €438,633 | €442,686 | +€4,053 | +0.9% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €377,133 | €381,186 | +€4,053 | +1.1% |
| Non-distributable reserves | 130/1 | €1,547 | €1,547 | = | 0.0% |
| Legal reserve | 130 | €1,547 | €1,547 | = | 0.0% |
| Distributable reserves | 133 | €375,586 | €379,639 | +€4,053 | +1.1% |
| Amounts payable | 17/49 | €2,979,679 | €2,951,323 | -€28,356 | -1.0% |
| Amounts payable after more than one year | 17 | €932,767 | €880,464 | -€52,302 | -5.6% |
| Financial debts | 170/4 | €932,767 | €880,464 | -€52,302 | -5.6% |
| Amounts payable within one year | 42/48 | €2,046,913 | €2,070,859 | +€23,946 | +1.2% |
| Current portion of amounts payable after more than one year | 42 | €52,224 | €52,302 | +€78 | +0.1% |
| Trade debts | 44 | €5,049 | €0 | -€5,049 | -100% |
| Suppliers | 440/4 | €5,049 | €0 | -€5,049 | -100% |
| Advances received on contracts in progress | 46 | €46,249 | €45,904 | -€345 | -0.7% |
| Taxes, remuneration and social security | 45 | €631 | €611 | -€21 | -3.3% |
| Taxes | 450/3 | €631 | €611 | -€21 | -3.3% |
| Other amounts payable | 47/48 | €1,942,759 | €1,972,042 | +€29,283 | +1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,661 | €28,393 | -€4,268 | -13.1% |
| Other operating charges | 640/8 | €4,366 | €6,696 | +€2,331 | +53.4% |
| Gross operating margin | 9900 | €31,798 | €46,948 | +€15,149 | +47.6% |
| Operating profit (loss) | 9901 | -€5,229 | €11,858 | +€17,087 | |
| Financial income | 75/76B | €5 | €4,345 | +€4,340 | +82,353% |
| Recurring financial income | 75 | €5 | €4,345 | +€4,340 | +82,353% |
| Financial charges | 65/66B | €10,648 | €11,540 | +€892 | +8.4% |
| Recurring financial charges | 65 | €10,648 | €11,540 | +€892 | +8.4% |
| Profit (loss) for the period before taxes | 9903 | -€15,872 | €4,663 | +€20,535 | |
| Income taxes | 67/77 | €631 | €611 | -€21 | -3.3% |
| Profit (loss) for the period | 9904 | -€16,503 | €4,053 | +€20,556 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,503 | €4,053 | +€20,556 |
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 20 October 2026 via checked.be.