MED DISTRIBUTION: 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 DISTRIBUTION
Largest movements
- Receivables within one year +€367,795
up €367,795 (+55.7%), from €660,685 to €1.0m
of which Trade receivables: +€307,019
- Cash +€66,630
up €66,630 (+90.9%), from €73,277 to €139,907
mainly Trade debts (+€455,456) and Net result for the year (+€94,888)
- Tangible fixed assets -€25,434
down €25,434 (-20.8%), from €122,128 to €96,695
of which Furniture and vehicles: -€23,394
- Trade debts +€455,456
up €455,456 (+69.1%), from €658,853 to €1.1m
- Debts after one year -€96,322
down €96,322 (-89.3%), from €107,822 to €11,500
- Profit (loss) carried forward +€94,888
up €94,888 (+59.7%), from €158,896 to €253,784
- Other debts -€60,751
down €60,751 (-66.5%), from €91,406 to €30,655
- Tax, wage and social debts +€28,029
up €28,029 (+42.8%), from €65,517 to €93,547
of which Taxes: +€22,415
- Taxes -€105,344
down €105,344, from €82,281 to -€23,063
- Gross operating margin -€96,144
down €96,144 (-24.4%), from €394,057 to €297,914
- Write-downs -€76,307
down €76,307 (-75.9%), from €100,512 to €24,205
- Staff costs -€31,263
down €31,263 (-20.6%), from €151,693 to €120,429
- Financial income -€24,200
down €24,200 (-100.0%), from €24,202 to €2
of which Financial income: -€24,199
From the 2023 result to the 2024 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
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,204,666 | €1,620,698 | +€416,031 | +34.5% |
| Fixed assets | 21/28 | €128,821 | €102,300 | -€26,521 | -20.6% |
| Intangible fixed assets | 21 | €2,682 | €1,595 | -€1,087 | -40.5% |
| Tangible fixed assets | 22/27 | €122,128 | €96,695 | -€25,434 | -20.8% |
| Plant, machinery and equipment | 23 | €17,821 | €13,201 | -€4,619 | -25.9% |
| Furniture and vehicles | 24 | €101,787 | €78,393 | -€23,394 | -23.0% |
| Other tangible fixed assets | 26 | €2,521 | €5,100 | +€2,579 | +102.3% |
| Financial fixed assets | 28 | €4,010 | €4,010 | = | 0.0% |
| Current assets | 29/58 | €1,075,846 | €1,518,398 | +€442,552 | +41.1% |
| Stocks and contracts in progress | 3 | €335,444 | €348,952 | +€13,508 | +4.0% |
| Stocks | 30/36 | €335,444 | €348,952 | +€13,508 | +4.0% |
| Amounts receivable within one year | 40/41 | €660,685 | €1,028,480 | +€367,795 | +55.7% |
| Trade receivables | 40 | €622,977 | €929,995 | +€307,019 | +49.3% |
| Other amounts receivable | 41 | €37,708 | €98,485 | +€60,776 | +161.2% |
| Cash at bank and in hand | 54/58 | €73,277 | €139,907 | +€66,630 | +90.9% |
| Deferred charges and accrued income | 490/1 | €6,439 | €1,059 | -€5,381 | -83.6% |
| Total equity and liabilities | 10/49 | €1,204,666 | €1,620,698 | +€416,031 | +34.5% |
| Equity | 10/15 | €179,356 | €274,244 | +€94,888 | +52.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €158,896 | €253,784 | +€94,888 | +59.7% |
| Amounts payable | 17/49 | €1,025,311 | €1,346,454 | +€321,143 | +31.3% |
| Amounts payable after more than one year | 17 | €107,822 | €11,500 | -€96,322 | -89.3% |
| Financial debts | 170/4 | €107,822 | €11,500 | -€96,322 | -89.3% |
| Amounts payable within one year | 42/48 | €917,489 | €1,334,833 | +€417,344 | +45.5% |
| Current portion of amounts payable after more than one year | 42 | €101,713 | €96,322 | -€5,391 | -5.3% |
| Trade debts | 44 | €658,853 | €1,114,309 | +€455,456 | +69.1% |
| Suppliers | 440/4 | €658,853 | €1,114,309 | +€455,456 | +69.1% |
| Taxes, remuneration and social security | 45 | €65,517 | €93,547 | +€28,029 | +42.8% |
| Taxes | 450/3 | €56,585 | €78,999 | +€22,415 | +39.6% |
| Remuneration and social security | 454/9 | €8,932 | €14,547 | +€5,615 | +62.9% |
| Other amounts payable | 47/48 | €91,406 | €30,655 | -€60,751 | -66.5% |
| Accrued charges and deferred income | 492/3 | - | €122 | +€122 | |
| Remuneration, social security and pensions | 62 | €151,693 | €120,429 | -€31,263 | -20.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,511 | €31,339 | +€17,828 | +132.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €100,512 | €24,205 | -€76,307 | -75.9% |
| Other operating charges | 640/8 | €47,859 | €38,233 | -€9,626 | -20.1% |
| Non-recurring operating charges | 66A | €44 | - | -€44 | |
| Gross operating margin | 9900 | €394,057 | €297,914 | -€96,144 | -24.4% |
| Operating profit (loss) | 9901 | €80,438 | €83,707 | +€3,269 | +4.1% |
| Financial income | 75/76B | €24,202 | €2 | -€24,200 | -100.0% |
| Recurring financial income | 75 | €24,201 | €2 | -€24,199 | -100.0% |
| Non-recurring financial income | 76B | €1 | - | -€1 | |
| Financial charges | 65/66B | €18,885 | €11,884 | -€7,000 | -37.1% |
| Recurring financial charges | 65 | €18,885 | €11,884 | -€7,000 | -37.1% |
| Profit (loss) for the period before taxes | 9903 | €85,755 | €71,825 | -€13,930 | -16.2% |
| Income taxes | 67/77 | €82,281 | -€23,063 | -€105,344 | |
| Profit (loss) for the period | 9904 | €3,474 | €94,888 | +€91,414 | +2631.3% |
| Profit (loss) for the period to be appropriated | 9905 | €3,474 | €94,888 | +€91,414 | +2631.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.