GINA-MEDI: what changed
GINA-MEDI
Largest movements
- Cash -€50,080
down €50,080 (-77.1%), from €64,924 to €14,845
mainly Investment in fixed assets (net) (-€41,578) and Contributions, distributions and other (-€27,671)
- Tangible fixed assets +€23,795
up €23,795 (+51.0%), from €46,671 to €70,466
of which Plant, machinery and equipment: +€26,283
- Reserves -€20,918
down €20,918 (-20.7%), from €100,844 to €79,927
- Debts after one year -€8,078
down €8,078 (-57.0%), from €14,175 to €6,097
- Trade debts +€6,884
new in 2025: €6,884
- Tax, wage and social debts -€2,601
down €2,601 (-45.2%), from €5,750 to €3,149
- Other operating charges +€6,017
up €6,017 (+1,896%), from €317 to €6,335
- Depreciation +€4,360
up €4,360 (+32.5%), from €13,424 to €17,784
- Taxes -€2,646
down €2,646 (-46.0%), from €5,750 to €3,105
- Gross operating margin +€717
up €717 (+2.2%), from €32,328 to €33,045
- Financial income +€395
up €395 (+49.8%), from €793 to €1,188
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 | €134,984 | €110,334 | -€24,650 | -18.3% |
| Fixed assets | 21/28 | €46,761 | €70,556 | +€23,795 | +50.9% |
| Tangible fixed assets | 22/27 | €46,671 | €70,466 | +€23,795 | +51.0% |
| Land and buildings | 22 | €9,270 | €10,541 | +€1,271 | +13.7% |
| Plant, machinery and equipment | 23 | - | €26,283 | +€26,283 | |
| Furniture and vehicles | 24 | €37,401 | €33,642 | -€3,760 | -10.1% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €88,223 | €39,778 | -€48,445 | -54.9% |
| Amounts receivable within one year | 40/41 | €22,183 | €23,526 | +€1,343 | +6.1% |
| Trade receivables | 40 | €4,500 | €2,000 | -€2,500 | -55.6% |
| Other amounts receivable | 41 | €17,683 | €21,526 | +€3,843 | +21.7% |
| Cash at bank and in hand | 54/58 | €64,924 | €14,845 | -€50,080 | -77.1% |
| Deferred charges and accrued income | 490/1 | €1,116 | €1,407 | +€292 | +26.1% |
| Total equity and liabilities | 10/49 | €134,984 | €110,334 | -€24,650 | -18.3% |
| Equity | 10/15 | €107,044 | €86,127 | -€20,918 | -19.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €100,844 | €79,927 | -€20,918 | -20.7% |
| Distributable reserves | 133 | €100,844 | €79,927 | -€20,918 | -20.7% |
| Amounts payable | 17/49 | €27,940 | €24,207 | -€3,733 | -13.4% |
| Amounts payable after more than one year | 17 | €14,175 | €6,097 | -€8,078 | -57.0% |
| Financial debts | 170/4 | €14,175 | €6,097 | -€8,078 | -57.0% |
| Amounts payable within one year | 42/48 | €13,765 | €18,110 | +€4,345 | +31.6% |
| Current portion of amounts payable after more than one year | 42 | €8,015 | €8,077 | +€62 | +0.8% |
| Trade debts | 44 | - | €6,884 | +€6,884 | |
| Suppliers | 440/4 | - | €6,884 | +€6,884 | |
| Taxes, remuneration and social security | 45 | €5,750 | €3,149 | -€2,601 | -45.2% |
| Taxes | 450/3 | €5,750 | €3,149 | -€2,601 | -45.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,424 | €17,784 | +€4,360 | +32.5% |
| Other operating charges | 640/8 | €317 | €6,335 | +€6,017 | +1,896% |
| Gross operating margin | 9900 | €32,328 | €33,045 | +€717 | +2.2% |
| Operating profit (loss) | 9901 | €18,586 | €8,926 | -€9,660 | -52.0% |
| Financial income | 75/76B | €793 | €1,188 | +€395 | +49.8% |
| Recurring financial income | 75 | €793 | €1,188 | +€395 | +49.8% |
| Financial charges | 65/66B | €314 | €256 | -€58 | -18.5% |
| Recurring financial charges | 65 | €314 | €256 | -€58 | -18.5% |
| Profit (loss) for the period before taxes | 9903 | €19,065 | €9,859 | -€9,207 | -48.3% |
| Income taxes | 67/77 | €5,750 | €3,105 | -€2,646 | -46.0% |
| Profit (loss) for the period | 9904 | €13,315 | €6,754 | -€6,561 | -49.3% |
| Profit (loss) for the period to be appropriated | 9905 | €13,315 | €6,754 | -€6,561 | -49.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.