MED ACCOUNT: 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.
MED ACCOUNT
Largest movements
- Current investments +€70,664
up €70,664 (+141%), from €50,000 to €120,664
- Receivables within one year +€11,691
up €11,691 (+51.5%), from €22,687 to €34,378
- Cash -€5,666
down €5,666 (-14.4%), from €39,350 to €33,684
mainly Current investments (-€70,664) and Receivables within one year (-€11,691)
- Deferred charges and accrued income +€3,614
up €3,614 (+260%), from €1,390 to €5,004
- Tangible fixed assets -€2,899
down €2,899 (-19.1%), from €15,153 to €12,253
- Profit (loss) carried forward +€49,502
up €49,502 (+69.0%), from €71,705 to €121,207
- Trade debts +€34,339
up €34,339 (+237%), from €14,467 to €48,806
- Accrued charges and deferred income -€8,290
down €8,290 (-97.6%), from €8,494 to €204
- Current portion of long-term debt +€2,603
up €2,603 (+182%), from €1,432 to €4,035
- Gross operating margin +€35,378
up €35,378 (+65.4%), from €54,136 to €89,514
- Taxes +€9,685
up €9,685 (+122%), from €7,918 to €17,604
- Staff costs +€8,825
new in 2025: €8,825
- Financial charges -€2,601
down €2,601 (-25.1%), from €10,377 to €7,776
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 | €128,579 | €205,984 | +€77,405 | +60.2% |
| Fixed assets | 21/28 | €15,153 | €12,253 | -€2,899 | -19.1% |
| Tangible fixed assets | 22/27 | €15,153 | €12,253 | -€2,899 | -19.1% |
| Furniture and vehicles | 24 | €15,153 | €12,253 | -€2,899 | -19.1% |
| Current assets | 29/58 | €113,427 | €193,731 | +€80,304 | +70.8% |
| Amounts receivable within one year | 40/41 | €22,687 | €34,378 | +€11,691 | +51.5% |
| Trade receivables | 40 | €22,687 | €34,378 | +€11,691 | +51.5% |
| Current investments | 50/53 | €50,000 | €120,664 | +€70,664 | +141% |
| Cash at bank and in hand | 54/58 | €39,350 | €33,684 | -€5,666 | -14.4% |
| Deferred charges and accrued income | 490/1 | €1,390 | €5,004 | +€3,614 | +260% |
| Total equity and liabilities | 10/49 | €128,579 | €205,984 | +€77,405 | +60.2% |
| Equity | 10/15 | €73,505 | €123,007 | +€49,502 | +67.3% |
| Contributions | 10/11 | €1,800 | €1,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €71,705 | €121,207 | +€49,502 | +69.0% |
| Amounts payable | 17/49 | €55,074 | €82,977 | +€27,903 | +50.7% |
| Amounts payable after more than one year | 17 | €4,160 | €2,660 | -€1,500 | -36.1% |
| Financial debts | 170/4 | €4,160 | €2,660 | -€1,500 | -36.1% |
| Amounts payable within one year | 42/48 | €42,420 | €80,113 | +€37,693 | +88.9% |
| Current portion of amounts payable after more than one year | 42 | €1,432 | €4,035 | +€2,603 | +182% |
| Trade debts | 44 | €14,467 | €48,806 | +€34,339 | +237% |
| Suppliers | 440/4 | €14,467 | €48,806 | +€34,339 | +237% |
| Taxes, remuneration and social security | 45 | €26,521 | €27,272 | +€751 | +2.8% |
| Taxes | 450/3 | €26,521 | €23,327 | -€3,194 | -12.0% |
| Remuneration and social security | 454/9 | - | €3,945 | +€3,945 | |
| Accrued charges and deferred income | 492/3 | €8,494 | €204 | -€8,290 | -97.6% |
| Remuneration, social security and pensions | 62 | - | €8,825 | +€8,825 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,859 | €4,716 | +€857 | +22.2% |
| Other operating charges | 640/8 | €2,089 | €1,515 | -€574 | -27.5% |
| Gross operating margin | 9900 | €54,136 | €89,514 | +€35,378 | +65.4% |
| Operating profit (loss) | 9901 | €48,188 | €74,459 | +€26,270 | +54.5% |
| Financial income | 75/76B | €8 | €423 | +€415 | +4,890% |
| Recurring financial income | 75 | €8 | €423 | +€415 | +4,890% |
| Financial charges | 65/66B | €10,377 | €7,776 | -€2,601 | -25.1% |
| Recurring financial charges | 65 | €10,377 | €7,776 | -€2,601 | -25.1% |
| Profit (loss) for the period before taxes | 9903 | €37,820 | €67,105 | +€29,286 | +77.4% |
| Income taxes | 67/77 | €7,918 | €17,604 | +€9,685 | +122% |
| Profit (loss) for the period | 9904 | €29,901 | €49,502 | +€19,600 | +65.5% |
| Profit (loss) for the period to be appropriated | 9905 | €29,901 | €49,502 | +€19,600 | +65.5% |
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 25 October 2026 via checked.be.