MED SOLGA: 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 SOLGA
Largest movements
- Tangible fixed assets -€14,284
down €14,284 (-8.8%), from €161,644 to €147,361
of which Furniture and vehicles: -€8,339
- Receivables within one year +€7,874
up €7,874 (+10.5%), from €74,885 to €82,759
- Cash -€7,053
down €7,053 (-15.2%), from €46,501 to €39,448
mainly Contributions, distributions and other (-€23,033) and Debts after one year (-€16,062)
- Debts after one year -€16,062
down €16,062 (-12.0%), from €134,174 to €118,112
- Other debts +€8,493
up €8,493 (+63.4%), from €13,388 to €21,881
- Reserves -€6,885
down €6,885 (-6.5%), from €106,421 to €99,536
- Gross operating margin +€3,385
up €3,385 (+8.5%), from €39,596 to €42,981
- Depreciation -€950
down €950 (-6.2%), from €15,234 to €14,284
- Taxes +€907
up €907 (+15.2%), from €5,968 to €6,875
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 | €284,116 | €270,654 | -€13,462 | -4.7% |
| Fixed assets | 21/28 | €162,730 | €148,446 | -€14,284 | -8.8% |
| Tangible fixed assets | 22/27 | €161,644 | €147,361 | -€14,284 | -8.8% |
| Land and buildings | 22 | €143,371 | €137,426 | -€5,945 | -4.1% |
| Furniture and vehicles | 24 | €18,273 | €9,935 | -€8,339 | -45.6% |
| Financial fixed assets | 28 | €1,085 | €1,085 | = | 0.0% |
| Current assets | 29/58 | €121,386 | €122,208 | +€821 | +0.7% |
| Amounts receivable within one year | 40/41 | €74,885 | €82,759 | +€7,874 | +10.5% |
| Other amounts receivable | 41 | €74,885 | €82,759 | +€7,874 | +10.5% |
| Cash at bank and in hand | 54/58 | €46,501 | €39,448 | -€7,053 | -15.2% |
| Total equity and liabilities | 10/49 | €284,116 | €270,654 | -€13,462 | -4.7% |
| Equity | 10/15 | €119,026 | €112,141 | -€6,885 | -5.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €106,421 | €99,536 | -€6,885 | -6.5% |
| Distributable reserves | 133 | €106,421 | €99,536 | -€6,885 | -6.5% |
| Profit (loss) carried forward | 14 | €205 | €205 | = | 0.0% |
| Amounts payable | 17/49 | €165,090 | €158,513 | -€6,577 | -4.0% |
| Amounts payable after more than one year | 17 | €134,174 | €118,112 | -€16,062 | -12.0% |
| Financial debts | 170/4 | €134,174 | €118,112 | -€16,062 | -12.0% |
| Amounts payable within one year | 42/48 | €30,916 | €40,401 | +€9,485 | +30.7% |
| Current portion of amounts payable after more than one year | 42 | €15,668 | €16,062 | +€393 | +2.5% |
| Trade debts | 44 | €1,024 | €1,306 | +€282 | +27.6% |
| Suppliers | 440/4 | €1,024 | €1,306 | +€282 | +27.6% |
| Taxes, remuneration and social security | 45 | €836 | €1,152 | +€315 | +37.7% |
| Taxes | 450/3 | €836 | €1,152 | +€315 | +37.7% |
| Other amounts payable | 47/48 | €13,388 | €21,881 | +€8,493 | +63.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,234 | €14,284 | -€950 | -6.2% |
| Other operating charges | 640/8 | €1,316 | €1,359 | +€43 | +3.3% |
| Gross operating margin | 9900 | €39,596 | €42,981 | +€3,385 | +8.5% |
| Operating profit (loss) | 9901 | €23,046 | €27,338 | +€4,292 | +18.6% |
| Financial income | 75/76B | €231 | €220 | -€11 | -4.7% |
| Recurring financial income | 75 | €231 | €220 | -€11 | -4.7% |
| Financial charges | 65/66B | €4,720 | €4,535 | -€185 | -3.9% |
| Recurring financial charges | 65 | €4,720 | €4,535 | -€185 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | €18,557 | €23,023 | +€4,466 | +24.1% |
| Income taxes | 67/77 | €5,968 | €6,875 | +€907 | +15.2% |
| Profit (loss) for the period | 9904 | €12,589 | €16,148 | +€3,559 | +28.3% |
| Profit (loss) for the period to be appropriated | 9905 | €12,589 | €16,148 | +€3,559 | +28.3% |
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 19 October 2026 via checked.be.