Med and More: 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 and More
Largest movements
- Receivables within one year +€35,849
up €35,849 (+67.2%), from €53,312 to €89,161
of which Trade receivables: +€22,942
- Tangible fixed assets -€6,632
down €6,632 (-96.1%), from €6,902 to €270
- Deferred charges and accrued income +€4,222
up €4,222 (+349%), from €1,209 to €5,431
- Cash -€2,782
down €2,782 (-8.9%), from €31,342 to €28,560
mainly Receivables within one year (-€35,849) and Current portion of long-term debt (-€5,130)
- Trade debts +€18,829
up €18,829 (+417%), from €4,518 to €23,347
- Profit (loss) carried forward +€7,897
up €7,897 (+34.8%), from €22,688 to €30,585
- Accrued charges and deferred income +€6,169
up €6,169 (+21.0%), from €29,343 to €35,513
- Current portion of long-term debt -€5,130
down €5,130 (-100%), from €5,130 to €0
- Other debts +€4,305
up €4,305 (+56.8%), from €7,583 to €11,889
- Gross operating margin -€28,556
down €28,556 (-83.2%), from €34,304 to €5,748
- Depreciation -€14,479
down €14,479 (-99.0%), from €14,628 to €149
- Financial income +€13,717
up €13,717, from €0 to €13,717
of which Financial income: +€13,717
- Financial charges +€7,943
up €7,943 (+5,293%), from €150 to €8,093
of which Non-recurring financial charges: +€6,073
- Taxes +€2,420
up €2,420 (+905%), from €268 to €2,687
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 | €92,765 | €123,422 | +€30,658 | +33.0% |
| Fixed assets | 21/28 | €6,902 | €270 | -€6,632 | -96.1% |
| Tangible fixed assets | 22/27 | €6,902 | €270 | -€6,632 | -96.1% |
| Furniture and vehicles | 24 | €6,902 | €270 | -€6,632 | -96.1% |
| Current assets | 29/58 | €85,863 | €123,153 | +€37,290 | +43.4% |
| Amounts receivable within one year | 40/41 | €53,312 | €89,161 | +€35,849 | +67.2% |
| Trade receivables | 40 | €1,740 | €24,682 | +€22,942 | +1,319% |
| Other amounts receivable | 41 | €51,572 | €64,479 | +€12,907 | +25.0% |
| Cash at bank and in hand | 54/58 | €31,342 | €28,560 | -€2,782 | -8.9% |
| Deferred charges and accrued income | 490/1 | €1,209 | €5,431 | +€4,222 | +349% |
| Total equity and liabilities | 10/49 | €92,765 | €123,422 | +€30,658 | +33.0% |
| Equity | 10/15 | €41,288 | €49,185 | +€7,897 | +19.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,688 | €30,585 | +€7,897 | +34.8% |
| Amounts payable | 17/49 | €51,477 | €74,238 | +€22,761 | +44.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €22,134 | €38,725 | +€16,592 | +75.0% |
| Current portion of amounts payable after more than one year | 42 | €5,130 | €0 | -€5,130 | -100% |
| Trade debts | 44 | €4,518 | €23,347 | +€18,829 | +417% |
| Suppliers | 440/4 | €4,518 | €23,347 | +€18,829 | +417% |
| Taxes, remuneration and social security | 45 | €4,902 | €3,489 | -€1,412 | -28.8% |
| Taxes | 450/3 | €1,566 | €0 | -€1,566 | -100% |
| Remuneration and social security | 454/9 | €3,335 | €3,489 | +€154 | +4.6% |
| Other amounts payable | 47/48 | €7,583 | €11,889 | +€4,305 | +56.8% |
| Accrued charges and deferred income | 492/3 | €29,343 | €35,513 | +€6,169 | +21.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,628 | €149 | -€14,479 | -99.0% |
| Other operating charges | 640/8 | €1,081 | €638 | -€443 | -40.9% |
| Non-recurring operating charges | 66A | €1,077 | €0 | -€1,077 | -100% |
| Gross operating margin | 9900 | €34,304 | €5,748 | -€28,556 | -83.2% |
| Operating profit (loss) | 9901 | €17,518 | €4,960 | -€12,557 | -71.7% |
| Financial income | 75/76B | €0 | €13,717 | +€13,717 | |
| Recurring financial income | 75 | €0 | €13,717 | +€13,717 | |
| Non-recurring financial income | 76B | - | €13,717 | +€13,717 | |
| Financial charges | 65/66B | €150 | €8,093 | +€7,943 | +5,293% |
| Recurring financial charges | 65 | €150 | €2,020 | +€1,870 | +1,246% |
| Non-recurring financial charges | 66B | - | €6,073 | +€6,073 | |
| Profit (loss) for the period before taxes | 9903 | €17,367 | €10,584 | -€6,783 | -39.1% |
| Income taxes | 67/77 | €268 | €2,687 | +€2,420 | +905% |
| Profit (loss) for the period | 9904 | €17,100 | €7,897 | -€9,203 | -53.8% |
| Profit (loss) for the period to be appropriated | 9905 | €17,100 | €7,897 | -€9,203 | -53.8% |
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 27 October 2026 via checked.be.