MED ' OUINDI: 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 ' OUINDI
Largest movements
- Cash +€65,512
up €65,512 (+109%), from €60,059 to €125,571
mainly Net result for the year (+€101,259) and Depreciation (+€35,255)
- Tangible fixed assets -€31,519
down €31,519 (-8.4%), from €373,646 to €342,127
of which Land and buildings: -€25,209
- Deferred charges and accrued income +€24,611
up €24,611 (+3,562%), from €691 to €25,301
- Receivables within one year +€14,464
up €14,464 (+6.0%), from €242,840 to €257,304
- Reserves +€60,853
up €60,853 (+17.7%), from €344,489 to €405,343
of which Distributable reserves: +€31,453
- Other debts +€29,435
new in 2025: €29,435
- Trade debts +€26,730
up €26,730 (+150%), from €17,793 to €44,523
- Current portion of long-term debt -€18,958
down €18,958 (-90.1%), from €21,050 to €2,092
- Contributions -€18,599
down €18,599 (-100.0%), from €18,600 to €1
- Staff costs -€13,790
down €13,790 (-42.2%), from €32,683 to €18,893
- Gross operating margin +€10,945
up €10,945 (+5.5%), from €198,096 to €209,042
- Financial income -€7,609
down €7,609 (-99.9%), from €7,613 to €5
- Other operating charges -€7,195
down €7,195 (-54.3%), from €13,248 to €6,052
- Depreciation -€7,142
down €7,142 (-16.8%), from €42,398 to €35,255
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 | €683,155 | €756,223 | +€73,068 | +10.7% |
| Fixed assets | 21/28 | €379,566 | €348,047 | -€31,519 | -8.3% |
| Tangible fixed assets | 22/27 | €373,646 | €342,127 | -€31,519 | -8.4% |
| Land and buildings | 22 | €349,636 | €324,427 | -€25,209 | -7.2% |
| Plant, machinery and equipment | 23 | €6,722 | €3,881 | -€2,841 | -42.3% |
| Furniture and vehicles | 24 | €14,346 | €9,270 | -€5,076 | -35.4% |
| Other tangible fixed assets | 26 | €2,942 | €4,550 | +€1,607 | +54.6% |
| Financial fixed assets | 28 | €5,920 | €5,920 | = | 0.0% |
| Current assets | 29/58 | €303,590 | €408,176 | +€104,587 | +34.5% |
| Amounts receivable within one year | 40/41 | €242,840 | €257,304 | +€14,464 | +6.0% |
| Other amounts receivable | 41 | €242,840 | €257,304 | +€14,464 | +6.0% |
| Cash at bank and in hand | 54/58 | €60,059 | €125,571 | +€65,512 | +109% |
| Deferred charges and accrued income | 490/1 | €691 | €25,301 | +€24,611 | +3,562% |
| Total equity and liabilities | 10/49 | €683,155 | €756,223 | +€73,068 | +10.7% |
| Equity | 10/15 | €598,389 | €625,944 | +€27,554 | +4.6% |
| Contributions | 10/11 | €18,600 | €1 | -€18,599 | -100.0% |
| Revaluation surpluses | 12 | €235,300 | €220,600 | -€14,700 | -6.2% |
| Reserves | 13 | €344,489 | €405,343 | +€60,853 | +17.7% |
| Tax-exempt reserves | 132 | - | €29,400 | +€29,400 | |
| Distributable reserves | 133 | €344,489 | €375,943 | +€31,453 | +9.1% |
| Amounts payable | 17/49 | €84,766 | €130,280 | +€45,514 | +53.7% |
| Amounts payable within one year | 42/48 | €84,766 | €130,100 | +€45,334 | +53.5% |
| Current portion of amounts payable after more than one year | 42 | €21,050 | €2,092 | -€18,958 | -90.1% |
| Trade debts | 44 | €17,793 | €44,523 | +€26,730 | +150% |
| Suppliers | 440/4 | €17,793 | €44,523 | +€26,730 | +150% |
| Taxes, remuneration and social security | 45 | €45,923 | €54,049 | +€8,126 | +17.7% |
| Taxes | 450/3 | €45,712 | €46,636 | +€924 | +2.0% |
| Remuneration and social security | 454/9 | €211 | €7,413 | +€7,202 | +3,412% |
| Other amounts payable | 47/48 | - | €29,435 | +€29,435 | |
| Accrued charges and deferred income | 492/3 | - | €180 | +€180 | |
| Remuneration, social security and pensions | 62 | €32,683 | €18,893 | -€13,790 | -42.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,398 | €35,255 | -€7,142 | -16.8% |
| Other operating charges | 640/8 | €13,248 | €6,052 | -€7,195 | -54.3% |
| Gross operating margin | 9900 | €198,096 | €209,042 | +€10,945 | +5.5% |
| Operating profit (loss) | 9901 | €109,768 | €148,841 | +€39,073 | +35.6% |
| Financial income | 75/76B | €7,613 | €5 | -€7,609 | -99.9% |
| Recurring financial income | 75 | €7,613 | €5 | -€7,609 | -99.9% |
| Financial charges | 65/66B | €2,157 | €951 | -€1,207 | -55.9% |
| Recurring financial charges | 65 | €2,157 | €951 | -€1,207 | -55.9% |
| Profit (loss) for the period before taxes | 9903 | €115,224 | €147,895 | +€32,671 | +28.4% |
| Income taxes | 67/77 | €45,712 | €46,636 | +€924 | +2.0% |
| Profit (loss) for the period | 9904 | €69,512 | €101,259 | +€31,747 | +45.7% |
| Transfer from tax-exempt reserves | 789 | €18,500 | - | -€18,500 | |
| Profit (loss) for the period to be appropriated | 9905 | €88,012 | €101,259 | +€13,247 | +15.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.