MEDA: 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.
MEDA
Largest movements
- Cash +€5,872
up €5,872 (+11.9%), from €49,416 to €55,287
mainly Net result for the year (+€37,042) and Depreciation (+€11,789)
- Tangible fixed assets -€5,612
down €5,612 (-8.3%), from €67,765 to €62,153
of which Land and buildings: -€6,307
- Intangible fixed assets -€5,327
down €5,327 (-50.0%), from €10,653 to €5,327
- Deferred charges and accrued income -€3,314
down €3,314 (-22.3%), from €14,829 to €11,516
- Receivables within one year -€1,684
down €1,684 (-63.5%), from €2,653 to €969
of which Other amounts receivable: -€1,649
- Contributions -€57,263
no longer reported in 2024 (was €57,263)
- Reserves +€37,042
up €37,042 (+144.2%), from €25,685 to €62,726
- Tax, wage and social debts +€7,770
new in 2024: €7,770
- Gross operating margin +€19,643
up €19,643 (+35.0%), from €56,053 to €75,696
- Taxes +€6,033
up €6,033 (+44.4%), from €13,601 to €19,635
- Depreciation +€946
up €946 (+8.7%), from €10,843 to €11,789
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 | €145,316 | €135,252 | -€10,064 | -6.9% |
| Fixed assets | 21/28 | €78,418 | €67,480 | -€10,938 | -13.9% |
| Intangible fixed assets | 21 | €10,653 | €5,327 | -€5,327 | -50.0% |
| Tangible fixed assets | 22/27 | €67,765 | €62,153 | -€5,612 | -8.3% |
| Land and buildings | 22 | €67,384 | €61,077 | -€6,307 | -9.4% |
| Plant, machinery and equipment | 23 | €381 | €1,077 | +€695 | +182.4% |
| Current assets | 29/58 | €66,898 | €67,772 | +€874 | +1.3% |
| Amounts receivable within one year | 40/41 | €2,653 | €969 | -€1,684 | -63.5% |
| Trade receivables | 40 | €1,004 | €969 | -€35 | -3.5% |
| Other amounts receivable | 41 | €1,649 | - | -€1,649 | |
| Cash at bank and in hand | 54/58 | €49,416 | €55,287 | +€5,872 | +11.9% |
| Deferred charges and accrued income | 490/1 | €14,829 | €11,516 | -€3,314 | -22.3% |
| Total equity and liabilities | 10/49 | €145,316 | €135,252 | -€10,064 | -6.9% |
| Equity | 10/15 | €82,948 | €62,726 | -€20,222 | -24.4% |
| Contributions | 10/11 | €57,263 | - | -€57,263 | |
| Outside capital | 11 | €57,263 | - | -€57,263 | |
| Other | 1109/19 | €57,263 | - | -€57,263 | |
| Reserves | 13 | €25,685 | €62,726 | +€37,042 | +144.2% |
| Distributable reserves | 133 | €25,685 | €62,726 | +€37,042 | +144.2% |
| Amounts payable | 17/49 | €62,368 | €72,525 | +€10,158 | +16.3% |
| Amounts payable after more than one year | 17 | €4,240 | €5,040 | +€800 | +18.9% |
| Other amounts payable | 178/9 | €4,240 | €5,040 | +€800 | +18.9% |
| Amounts payable within one year | 42/48 | €58,128 | €67,476 | +€9,349 | +16.1% |
| Trade debts | 44 | €297 | €1,057 | +€759 | +255.3% |
| Suppliers | 440/4 | €297 | €1,057 | +€759 | +255.3% |
| Taxes, remuneration and social security | 45 | - | €7,770 | +€7,770 | |
| Taxes | 450/3 | - | €7,770 | +€7,770 | |
| Other amounts payable | 47/48 | €57,830 | €58,649 | +€819 | +1.4% |
| Accrued charges and deferred income | 492/3 | - | €9 | +€9 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,843 | €11,789 | +€946 | +8.7% |
| Other operating charges | 640/8 | €6,931 | €7,155 | +€224 | +3.2% |
| Gross operating margin | 9900 | €56,053 | €75,696 | +€19,643 | +35.0% |
| Operating profit (loss) | 9901 | €38,279 | €56,751 | +€18,473 | +48.3% |
| Financial income | 75/76B | €19 | €44 | +€25 | +133.0% |
| Recurring financial income | 75 | €19 | €44 | +€25 | +133.0% |
| Financial charges | 65/66B | €66 | €119 | +€53 | +80.2% |
| Recurring financial charges | 65 | €66 | €119 | +€53 | +80.2% |
| Profit (loss) for the period before taxes | 9903 | €38,231 | €56,676 | +€18,445 | +48.2% |
| Income taxes | 67/77 | €13,601 | €19,635 | +€6,033 | +44.4% |
| Profit (loss) for the period | 9904 | €24,630 | €37,042 | +€12,411 | +50.4% |
| Profit (loss) for the period to be appropriated | 9905 | €24,630 | €37,042 | +€12,411 | +50.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.