MED ASTRAGALE: 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 ASTRAGALE
Largest movements
- Cash -€15,097
down €15,097 (-43.3%), from €34,840 to €19,744
mainly Contributions, distributions and other (-€14,455) and Other debts (-€12,473)
- Receivables within one year +€4,561
up €4,561 (+1,705%), from €267 to €4,828
of which Trade receivables: +€4,325
- Tangible fixed assets +€1,787
up €1,787 (+25.7%), from €6,949 to €8,736
of which Other tangible fixed assets: +€5,311
- Other debts -€12,473
down €12,473 (-42.0%), from €29,707 to €17,234
- Trade debts +€7,780
up €7,780 (+571%), from €1,362 to €9,142
- Tax, wage and social debts -€3,179
down €3,179 (-61.9%), from €5,134 to €1,955
- Current portion of long-term debt -€965
down €965 (-100%), from €965 to €0
- Gross operating margin -€13,103
down €13,103 (-32.8%), from €39,906 to €26,803
- Taxes -€6,854
down €6,854 (-53.9%), from €12,722 to €5,868
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 | €55,846 | €47,019 | -€8,828 | -15.8% |
| Fixed assets | 21/28 | €7,942 | €9,729 | +€1,787 | +22.5% |
| Tangible fixed assets | 22/27 | €6,949 | €8,736 | +€1,787 | +25.7% |
| Furniture and vehicles | 24 | €6,949 | €3,425 | -€3,523 | -50.7% |
| Other tangible fixed assets | 26 | - | €5,311 | +€5,311 | |
| Financial fixed assets | 28 | €993 | €993 | = | 0.0% |
| Current assets | 29/58 | €47,905 | €37,290 | -€10,615 | -22.2% |
| Amounts receivable within one year | 40/41 | €267 | €4,828 | +€4,561 | +1,705% |
| Trade receivables | 40 | €175 | €4,500 | +€4,325 | +2,472% |
| Other amounts receivable | 41 | €93 | €328 | +€235 | +255% |
| Cash at bank and in hand | 54/58 | €34,840 | €19,744 | -€15,097 | -43.3% |
| Deferred charges and accrued income | 490/1 | €12,797 | €12,718 | -€79 | -0.6% |
| Total equity and liabilities | 10/49 | €55,846 | €47,019 | -€8,828 | -15.8% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €37,246 | €28,419 | -€8,828 | -23.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €37,168 | €28,331 | -€8,837 | -23.8% |
| Current portion of amounts payable after more than one year | 42 | €965 | €0 | -€965 | -100% |
| Trade debts | 44 | €1,362 | €9,142 | +€7,780 | +571% |
| Suppliers | 440/4 | €1,362 | €9,142 | +€7,780 | +571% |
| Taxes, remuneration and social security | 45 | €5,134 | €1,955 | -€3,179 | -61.9% |
| Taxes | 450/3 | €5,134 | €1,955 | -€3,179 | -61.9% |
| Other amounts payable | 47/48 | €29,707 | €17,234 | -€12,473 | -42.0% |
| Accrued charges and deferred income | 492/3 | €78 | €88 | +€10 | +12.6% |
| Non-recurring operating income | 76A | €175 | €0 | -€175 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,229 | €5,580 | +€351 | +6.7% |
| Other operating charges | 640/8 | €617 | €636 | +€20 | +3.2% |
| Gross operating margin | 9900 | €39,906 | €26,803 | -€13,103 | -32.8% |
| Operating profit (loss) | 9901 | €34,060 | €20,587 | -€13,473 | -39.6% |
| Financial income | 75/76B | €96 | €34 | -€62 | -64.8% |
| Recurring financial income | 75 | €96 | €34 | -€62 | -64.8% |
| Financial charges | 65/66B | €331 | €297 | -€33 | -10.1% |
| Recurring financial charges | 65 | €331 | €297 | -€33 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | €33,825 | €20,323 | -€13,502 | -39.9% |
| Income taxes | 67/77 | €12,722 | €5,868 | -€6,854 | -53.9% |
| Profit (loss) for the period | 9904 | €21,103 | €14,455 | -€6,648 | -31.5% |
| Profit (loss) for the period to be appropriated | 9905 | €21,103 | €14,455 | -€6,648 | -31.5% |
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 1 November 2026 via checked.be.