In Medio: 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.
In Medio
Largest movements
- Current investments +€295,325
up €295,325 (+275%), from €107,414 to €402,739
- Receivables within one year -€206,542
down €206,542 (-67.8%), from €304,773 to €98,231
of which Trade receivables: -€203,737
- Cash +€16,085
up €16,085 (+12.8%), from €125,632 to €141,716
mainly Receivables within one year (+€206,542) and Net result for the year (+€190,427)
- Profit (loss) carried forward +€190,427
up €190,427 (+15.6%), from -€1.2m to -€1.0m
- Other debts -€53,982
down €53,982 (-4.0%), from €1.4m to €1.3m
- Trade debts -€18,641
down €18,641 (-33.0%), from €56,558 to €37,917
- Tax, wage and social debts -€17,390
down €17,390 (-32.0%), from €54,379 to €36,989
of which Taxes: -€25,468
- Gross operating margin -€119,039
down €119,039 (-27.9%), from €427,358 to €308,319
- Staff costs +€12,839
up €12,839 (+12.2%), from €104,855 to €117,694
- Financial income +€7,792
up €7,792 (+1,212%), from €643 to €8,434
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 | €561,264 | €661,678 | +€100,414 | +17.9% |
| Fixed assets | 21/28 | €3,211 | €1,598 | -€1,614 | -50.2% |
| Tangible fixed assets | 22/27 | €3,211 | €1,598 | -€1,614 | -50.2% |
| Plant, machinery and equipment | 23 | €2,301 | €1,023 | -€1,278 | -55.5% |
| Furniture and vehicles | 24 | €910 | €574 | -€336 | -36.9% |
| Current assets | 29/58 | €558,053 | €660,080 | +€102,028 | +18.3% |
| Amounts receivable after more than one year | 29 | €17,878 | €15,484 | -€2,393 | -13.4% |
| Other amounts receivable | 291 | €17,878 | €15,484 | -€2,393 | -13.4% |
| Amounts receivable within one year | 40/41 | €304,773 | €98,231 | -€206,542 | -67.8% |
| Trade receivables | 40 | €297,876 | €94,139 | -€203,737 | -68.4% |
| Other amounts receivable | 41 | €6,897 | €4,092 | -€2,805 | -40.7% |
| Current investments | 50/53 | €107,414 | €402,739 | +€295,325 | +275% |
| Cash at bank and in hand | 54/58 | €125,632 | €141,716 | +€16,085 | +12.8% |
| Deferred charges and accrued income | 490/1 | €2,356 | €1,909 | -€447 | -19.0% |
| Total equity and liabilities | 10/49 | €561,264 | €661,678 | +€100,414 | +17.9% |
| Equity | 10/15 | -€900,194 | -€709,768 | +€190,427 | +21.2% |
| Contributions | 10/11 | €315,780 | €315,780 | = | 0.0% |
| Reserves | 13 | €1,578 | €1,578 | = | 0.0% |
| Distributable reserves | 133 | €1,578 | €1,578 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,217,553 | -€1,027,126 | +€190,427 | +15.6% |
| Amounts payable | 17/49 | €1,461,458 | €1,371,445 | -€90,013 | -6.2% |
| Amounts payable within one year | 42/48 | €1,461,458 | €1,371,445 | -€90,013 | -6.2% |
| Trade debts | 44 | €56,558 | €37,917 | -€18,641 | -33.0% |
| Suppliers | 440/4 | €56,558 | €37,917 | -€18,641 | -33.0% |
| Taxes, remuneration and social security | 45 | €54,379 | €36,989 | -€17,390 | -32.0% |
| Taxes | 450/3 | €46,778 | €21,310 | -€25,468 | -54.4% |
| Remuneration and social security | 454/9 | €7,601 | €15,679 | +€8,079 | +106% |
| Other amounts payable | 47/48 | €1,350,521 | €1,296,539 | -€53,982 | -4.0% |
| Remuneration, social security and pensions | 62 | €104,855 | €117,694 | +€12,839 | +12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,628 | €1,614 | -€15 | -0.9% |
| Other operating charges | 640/8 | €959 | €986 | +€27 | +2.9% |
| Gross operating margin | 9900 | €427,358 | €308,319 | -€119,039 | -27.9% |
| Operating profit (loss) | 9901 | €319,915 | €188,025 | -€131,890 | -41.2% |
| Financial income | 75/76B | €643 | €8,434 | +€7,792 | +1,212% |
| Recurring financial income | 75 | €643 | €8,434 | +€7,792 | +1,212% |
| Financial charges | 65/66B | €2,054 | €3,172 | +€1,117 | +54.4% |
| Recurring financial charges | 65 | €2,054 | €3,172 | +€1,117 | +54.4% |
| Profit (loss) for the period before taxes | 9903 | €318,504 | €193,288 | -€125,216 | -39.3% |
| Income taxes | 67/77 | €434 | €2,861 | +€2,427 | +559% |
| Profit (loss) for the period | 9904 | €318,069 | €190,427 | -€127,642 | -40.1% |
| Profit (loss) for the period to be appropriated | 9905 | €318,069 | €190,427 | -€127,642 | -40.1% |
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 24 October 2026 via checked.be.