MED-KAN: 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-KAN
Largest movements
- Receivables within one year +€117,384
up €117,384 (+42.2%), from €278,135 to €395,519
- Tangible fixed assets -€64,012
down €64,012 (-4.6%), from €1.4m to €1.3m
of which Land and buildings: -€55,462
- Cash -€57,131
down €57,131 (-24.4%), from €234,357 to €177,226
mainly Receivables within one year (-€117,384) and Debts after one year (-€112,143)
- Profit (loss) carried forward +€169,727
up €169,727 (+27.2%), from €624,275 to €794,001
- Debts after one year -€112,143
down €112,143 (-18.3%), from €612,757 to €500,615
- Current portion of long-term debt -€55,802
down €55,802 (-47.7%), from €117,107 to €61,305
- Gross operating margin +€32,421
up €32,421 (+15.2%), from €213,004 to €245,425
- Taxes -€28,459
down €28,459 (-84.8%), from €33,566 to €5,108
- Financial income +€10,492
new in 2024: €10,492
- Other operating charges +€4,702
up €4,702 (+46.2%), from €10,167 to €14,869
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.
Derived cash bridge
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 | €1,896,091 | €1,892,332 | -€3,759 | -0.2% |
| Fixed assets | 21/28 | €1,383,599 | €1,319,587 | -€64,012 | -4.6% |
| Tangible fixed assets | 22/27 | €1,382,940 | €1,318,928 | -€64,012 | -4.6% |
| Land and buildings | 22 | €1,330,708 | €1,275,246 | -€55,462 | -4.2% |
| Plant, machinery and equipment | 23 | €44,232 | €39,588 | -€4,644 | -10.5% |
| Furniture and vehicles | 24 | €8,000 | €4,094 | -€3,906 | -48.8% |
| Financial fixed assets | 28 | €659 | €659 | = | 0.0% |
| Current assets | 29/58 | €512,492 | €572,745 | +€60,253 | +11.8% |
| Amounts receivable within one year | 40/41 | €278,135 | €395,519 | +€117,384 | +42.2% |
| Other amounts receivable | 41 | €278,135 | €395,519 | +€117,384 | +42.2% |
| Cash at bank and in hand | 54/58 | €234,357 | €177,226 | -€57,131 | -24.4% |
| Total equity and liabilities | 10/49 | €1,896,091 | €1,892,332 | -€3,759 | -0.2% |
| Equity | 10/15 | €1,147,661 | €1,317,387 | +€169,727 | +14.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | - | €18,600 | +€18,600 | |
| Other | 1109/19 | - | €18,600 | +€18,600 | |
| Reserves | 13 | €504,786 | €504,786 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,786 | €6,786 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,786 | €6,786 | = | 0.0% |
| Distributable reserves | 133 | €498,000 | €498,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €624,275 | €794,001 | +€169,727 | +27.2% |
| Amounts payable | 17/49 | €748,431 | €574,944 | -€173,486 | -23.2% |
| Amounts payable after more than one year | 17 | €612,757 | €500,615 | -€112,143 | -18.3% |
| Financial debts | 170/4 | €612,757 | €500,615 | -€112,143 | -18.3% |
| Amounts payable within one year | 42/48 | €135,673 | €74,330 | -€61,343 | -45.2% |
| Current portion of amounts payable after more than one year | 42 | €117,107 | €61,305 | -€55,802 | -47.7% |
| Trade debts | 44 | - | €29 | +€29 | |
| Suppliers | 440/4 | - | €29 | +€29 | |
| Taxes, remuneration and social security | 45 | €18,566 | €12,996 | -€5,570 | -30.0% |
| Taxes | 450/3 | €18,566 | €12,996 | -€5,570 | -30.0% |
| Non-recurring operating income | 76A | €268 | - | -€268 | |
| Remuneration, social security and pensions | 62 | €112 | €140 | +€29 | +25.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,498 | €65,215 | -€2,283 | -3.4% |
| Other operating charges | 640/8 | €10,167 | €14,869 | +€4,702 | +46.2% |
| Gross operating margin | 9900 | €213,004 | €245,425 | +€32,421 | +15.2% |
| Operating profit (loss) | 9901 | €135,228 | €165,201 | +€29,973 | +22.2% |
| Financial income | 75/76B | - | €10,492 | +€10,492 | |
| Recurring financial income | 75 | - | €10,492 | +€10,492 | |
| Financial charges | 65/66B | €963 | €859 | -€104 | -10.8% |
| Recurring financial charges | 65 | €963 | €859 | -€104 | -10.8% |
| Profit (loss) for the period before taxes | 9903 | €134,265 | €174,834 | +€40,569 | +30.2% |
| Income taxes | 67/77 | €33,566 | €5,108 | -€28,459 | -84.8% |
| Profit (loss) for the period | 9904 | €100,699 | €169,727 | +€69,028 | +68.5% |
| Profit (loss) for the period to be appropriated | 9905 | €100,699 | €169,727 | +€69,028 | +68.5% |
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 15 October 2026 via checked.be.