MED CONSTRUCT: what changed
Two fiscal 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 CONSTRUCT
Largest movements
- Receivables within one year +€33,104
up €33,104 (+1782.2%), from €1,857 to €34,961
- Cash -€3,025
down €3,025 (-83.8%), from €3,610 to €585
- Tangible fixed assets +€1,897
up €1,897 (+199.4%), from €951 to €2,849
- Equity +€18,711
up €18,711 (+633.6%), from €2,953 to €21,664
of which Profit (loss) carried forward: +€18,711
- Debts within one year +€13,265
up €13,265 (+374.5%), from €3,542 to €16,807
of which Trade debts: +€7,463
- Turnover -€385,451
no longer reported in 2023 (was €385,451)
- Gross operating margin +€10,866
up €10,866 (+345.4%), from €3,146 to €14,012
From the 2021 result to the 2023 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.
Cash bridge derived
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2021 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,495 | €38,471 | +€31,976 | +492.3% |
| Fixed assets | 21/28 | €1,028 | €2,925 | +€1,897 | +184.6% |
| Tangible fixed assets | 22/27 | €951 | €2,849 | +€1,897 | +199.4% |
| Furniture and vehicles | 24 | - | €2,849 | +€2,849 | |
| Financial fixed assets | 28 | €76 | €76 | = | 0.0% |
| Current assets | 29/58 | €5,468 | €35,547 | +€30,079 | +550.1% |
| Amounts receivable within one year | 40/41 | €1,857 | €34,961 | +€33,104 | +1782.2% |
| Other amounts receivable | 41 | - | €34,961 | +€34,961 | |
| Cash at bank and in hand | 54/58 | €3,610 | €585 | -€3,025 | -83.8% |
| Total equity and liabilities | 10/49 | €6,495 | €38,471 | +€31,976 | +492.3% |
| Equity | 10/15 | €2,953 | €21,664 | +€18,711 | +633.6% |
| Contributions | 10/11 | - | €1,000 | +€1,000 | |
| Profit (loss) carried forward | 14 | €1,953 | €20,664 | +€18,711 | +958.1% |
| Amounts payable | 17/49 | €3,542 | €16,807 | +€13,265 | +374.5% |
| Amounts payable within one year | 42/48 | €3,542 | €16,807 | +€13,265 | +374.5% |
| Financial debts | 43 | - | €1,036 | +€1,036 | |
| Credit institutions | 430/8 | - | €1,036 | +€1,036 | |
| Trade debts | 44 | €2,855 | €10,319 | +€7,463 | +261.4% |
| Suppliers | 440/4 | - | €10,319 | +€10,319 | |
| Taxes, remuneration and social security | 45 | - | €5,452 | +€5,452 | |
| Taxes | 450/3 | - | €5,452 | +€5,452 | |
| Turnover | 70 | €385,451 | - | -€385,451 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56 | €738 | +€682 | +1219.2% |
| Other operating charges | 640/8 | - | €766 | +€766 | |
| Gross operating margin | 9900 | €3,146 | €14,012 | +€10,866 | +345.4% |
| Operating profit (loss) | 9901 | €2,743 | €12,508 | +€9,765 | +356.0% |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | €1 | €4 | +€3 | +565.0% |
| Financial charges | 65/66B | - | €321 | +€321 | |
| Recurring financial charges | 65 | €103 | €321 | +€217 | +210.0% |
| Profit (loss) for the period before taxes | 9903 | €2,640 | €12,191 | +€9,551 | +361.8% |
| Income taxes | 67/77 | €687 | €2,765 | +€2,078 | +302.6% |
| Profit (loss) for the period | 9904 | €1,953 | €9,426 | +€7,473 | +382.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,953 | €9,426 | +€7,473 | +382.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2021 and 30 June 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.