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 +€17,154
up €17,154 (+13.5%), from €127,389 to €144,543
mainly Depreciation (+€10,703) and Net result for the year (+€7,833)
- Tangible fixed assets -€10,703
down €10,703 (-10.5%), from €101,823 to €91,120
of which Land and buildings: -€10,218
- Profit (loss) carried forward +€7,833
up €7,833 (+25.1%), from €31,151 to €38,984
- Gross operating margin +€1,228
up €1,228 (+5.3%), from €23,204 to €24,431
- Taxes +€376
up €376 (+16.3%), from €2,298 to €2,674
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.
Cash bridge derived
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 | €274,803 | €281,457 | +€6,654 | +2.4% |
| Fixed assets | 21/28 | €101,823 | €91,120 | -€10,703 | -10.5% |
| Tangible fixed assets | 22/27 | €101,823 | €91,120 | -€10,703 | -10.5% |
| Land and buildings | 22 | €98,786 | €88,568 | -€10,218 | -10.3% |
| Plant, machinery and equipment | 23 | €3,037 | €2,553 | -€484 | -16.0% |
| Current assets | 29/58 | €172,980 | €190,337 | +€17,357 | +10.0% |
| Current investments | 50/53 | €44,572 | €44,759 | +€187 | +0.4% |
| Cash at bank and in hand | 54/58 | €127,389 | €144,543 | +€17,154 | +13.5% |
| Deferred charges and accrued income | 490/1 | €1,020 | €1,035 | +€15 | +1.5% |
| Total equity and liabilities | 10/49 | €274,803 | €281,457 | +€6,654 | +2.4% |
| Equity | 10/15 | €270,598 | €278,430 | +€7,833 | +2.9% |
| Contributions | 10/11 | €211,949 | €211,949 | = | 0.0% |
| Capital | 10 | €211,949 | €211,949 | = | 0.0% |
| Issued capital | 100 | €211,949 | €211,949 | = | 0.0% |
| Reserves | 13 | €27,498 | €27,498 | = | 0.0% |
| Non-distributable reserves | 130/1 | €21,195 | €21,195 | = | 0.0% |
| Legal reserve | 130 | €21,195 | €21,195 | = | 0.0% |
| Distributable reserves | 133 | €6,303 | €6,303 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,151 | €38,984 | +€7,833 | +25.1% |
| Amounts payable | 17/49 | €4,206 | €3,027 | -€1,179 | -28.0% |
| Amounts payable within one year | 42/48 | €2,584 | €1,343 | -€1,240 | -48.0% |
| Trade debts | 44 | €1,090 | €148 | -€942 | -86.4% |
| Suppliers | 440/4 | €1,090 | €148 | -€942 | -86.4% |
| Taxes, remuneration and social security | 45 | €235 | €94 | -€142 | -60.2% |
| Taxes | 450/3 | €235 | €94 | -€142 | -60.2% |
| Other amounts payable | 47/48 | €1,258 | €1,102 | -€157 | -12.5% |
| Accrued charges and deferred income | 492/3 | €1,622 | €1,684 | +€62 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,865 | €10,703 | -€162 | -1.5% |
| Other operating charges | 640/8 | €3,320 | €3,442 | +€122 | +3.7% |
| Gross operating margin | 9900 | €23,204 | €24,431 | +€1,228 | +5.3% |
| Operating profit (loss) | 9901 | €9,019 | €10,287 | +€1,268 | +14.1% |
| Financial income | 75/76B | €211 | €267 | +€57 | +26.9% |
| Recurring financial income | 75 | €211 | €267 | +€57 | +26.9% |
| Financial charges | 65/66B | €39 | €48 | +€9 | +22.5% |
| Recurring financial charges | 65 | €39 | €48 | +€9 | +22.5% |
| Profit (loss) for the period before taxes | 9903 | €9,190 | €10,506 | +€1,316 | +14.3% |
| Income taxes | 67/77 | €2,298 | €2,674 | +€376 | +16.3% |
| Profit (loss) for the period | 9904 | €6,892 | €7,833 | +€941 | +13.7% |
| Profit (loss) for the period to be appropriated | 9905 | €6,892 | €7,833 | +€941 | +13.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.