JDF Medimag: 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
JDF Medimag
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€90,158
2024 · €61,462+€28,697
Equity
€524,845
2024 · €489,520+€35,325
Cash
€29,754
2024 · €23,638+€6,116
Balance sheet total
€1.3m
2024 · €1.4m-€63,522
Largest movements
Assets
- Tangible fixed assets -€57,505
down €57,505 (-5.3%), from €1.1m to €1.0m
of which Land and buildings: -€43,223
Equity and liabilities
- Debts after one year -€111,803
down €111,803 (-15.7%), from €710,191 to €598,388
- Reserves +€36,158
up €36,158 (+12.7%), from €284,944 to €321,102
- Tax, wage and social debts +€16,877
up €16,877 (+80.0%), from €21,104 to €37,981
of which Taxes: +€16,877
Income statement
- Gross operating margin +€41,482
up €41,482 (+23.7%), from €175,139 to €216,621
- Taxes +€13,465
up €13,465 (+57.3%), from €23,484 to €36,949
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
€61,462
Gross operating margin
+€41,482
Depreciation
+€284
Other operating charges
-€1,014
Financial income
+€414
Financial charges
+€996
Taxes
-€13,465
Result 2025
€90,158
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
+€176,815
Investment
-€6,488
Financing
-€164,211
Cash 2024
€23,638
From operations (derived)
+€176,815
Net result for the year
+€90,158
Depreciation
+€63,421
Receivables within one year
+€10,537
Deferred charges and accrued income
+€2,169
Trade debts
-€5,613
Tax, wage and social debts
+€16,877
Other debts
+€427
Accrued charges and deferred income
-€1,161
Investment (derived)
-€6,488
Investment in fixed assets (net)
-€5,916
Current investments
-€572
Financing
-€164,211
Debts after one year
-€111,803
Current portion of long-term debt
+€2,425
Contributions, distributions and other
-€54,833
Cash 2025
€29,754
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,353,978 | €1,290,456 | -€63,522 | -4.7% |
| Fixed assets | 21/28 | €1,153,467 | €1,095,962 | -€57,505 | -5.0% |
| Tangible fixed assets | 22/27 | €1,081,467 | €1,023,962 | -€57,505 | -5.3% |
| Land and buildings | 22 | €1,052,723 | €1,009,501 | -€43,223 | -4.1% |
| Plant, machinery and equipment | 23 | €2,455 | €1,753 | -€702 | -28.6% |
| Furniture and vehicles | 24 | €26,289 | €12,709 | -€13,580 | -51.7% |
| Financial fixed assets | 28 | €72,000 | €72,000 | = | 0.0% |
| Current assets | 29/58 | €200,511 | €194,494 | -€6,017 | -3.0% |
| Amounts receivable within one year | 40/41 | €97,668 | €87,132 | -€10,537 | -10.8% |
| Trade receivables | 40 | €49,246 | €38,684 | -€10,561 | -21.4% |
| Other amounts receivable | 41 | €48,423 | €48,447 | +€24 | +0.1% |
| Current investments | 50/53 | €73,064 | €73,636 | +€572 | +0.8% |
| Cash at bank and in hand | 54/58 | €23,638 | €29,754 | +€6,116 | +25.9% |
| Deferred charges and accrued income | 490/1 | €6,140 | €3,971 | -€2,169 | -35.3% |
| Total equity and liabilities | 10/49 | €1,353,978 | €1,290,456 | -€63,522 | -4.7% |
| Equity | 10/15 | €489,520 | €524,845 | +€35,325 | +7.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €284,944 | €321,102 | +€36,158 | +12.7% |
| Distributable reserves | 133 | €284,944 | €321,102 | +€36,158 | +12.7% |
| Profit (loss) carried forward | 14 | €192,176 | €191,343 | -€833 | -0.4% |
| Amounts payable | 17/49 | €864,459 | €765,611 | -€98,848 | -11.4% |
| Amounts payable after more than one year | 17 | €710,191 | €598,388 | -€111,803 | -15.7% |
| Financial debts | 170/4 | €710,191 | €598,388 | -€111,803 | -15.7% |
| Amounts payable within one year | 42/48 | €147,699 | €161,816 | +€14,116 | +9.6% |
| Current portion of amounts payable after more than one year | 42 | €111,212 | €113,637 | +€2,425 | +2.2% |
| Trade debts | 44 | €6,079 | €466 | -€5,613 | -92.3% |
| Suppliers | 440/4 | €6,079 | €466 | -€5,613 | -92.3% |
| Taxes, remuneration and social security | 45 | €21,104 | €37,981 | +€16,877 | +80.0% |
| Taxes | 450/3 | €18,504 | €35,381 | +€16,877 | +91.2% |
| Remuneration and social security | 454/9 | €2,600 | €2,600 | = | 0.0% |
| Other amounts payable | 47/48 | €9,305 | €9,732 | +€427 | +4.6% |
| Accrued charges and deferred income | 492/3 | €6,569 | €5,407 | -€1,161 | -17.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,704 | €63,421 | -€284 | -0.4% |
| Other operating charges | 640/8 | €5,166 | €6,180 | +€1,014 | +19.6% |
| Gross operating margin | 9900 | €175,139 | €216,621 | +€41,482 | +23.7% |
| Operating profit (loss) | 9901 | €106,268 | €147,020 | +€40,752 | +38.3% |
| Financial income | 75/76B | €487 | €901 | +€414 | +84.9% |
| Recurring financial income | 75 | €487 | €901 | +€414 | +84.9% |
| Financial charges | 65/66B | €21,810 | €20,814 | -€996 | -4.6% |
| Recurring financial charges | 65 | €21,810 | €20,814 | -€996 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | €84,945 | €127,108 | +€42,162 | +49.6% |
| Income taxes | 67/77 | €23,484 | €36,949 | +€13,465 | +57.3% |
| Profit (loss) for the period | 9904 | €61,462 | €90,158 | +€28,697 | +46.7% |
| Profit (loss) for the period to be appropriated | 9905 | €61,462 | €90,158 | +€28,697 | +46.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.