MEDA Cordier: 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.
MEDA Cordier
Largest movements
- Cash +€60,173
up €60,173 (+102%), from €58,803 to €118,976
mainly Net result for the year (+€71,780) and Other debts (+€47,230)
- Deferred charges and accrued income -€5,190
down €5,190 (-47.9%), from €10,831 to €5,641
- Receivables within one year -€2,595
down €2,595 (-93.5%), from €2,777 to €182
of which Other amounts receivable: -€2,595
- Tangible fixed assets -€1,290
down €1,290 (-41.5%), from €3,107 to €1,817
- Other debts +€47,230
up €47,230 (+91.0%), from €51,923 to €99,153
- Tax, wage and social debts +€4,672
up €4,672 (+604%), from €773 to €5,445
- Gross operating margin +€27,333
up €27,333 (+42.3%), from €64,652 to €91,984
- Taxes +€5,491
up €5,491 (+43.5%), from €12,618 to €18,109
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 | €75,518 | €126,615 | +€51,097 | +67.7% |
| Fixed assets | 21/28 | €3,107 | €1,817 | -€1,290 | -41.5% |
| Tangible fixed assets | 22/27 | €3,107 | €1,817 | -€1,290 | -41.5% |
| Furniture and vehicles | 24 | €3,107 | €1,817 | -€1,290 | -41.5% |
| Current assets | 29/58 | €72,411 | €124,798 | +€52,387 | +72.3% |
| Amounts receivable within one year | 40/41 | €2,777 | €182 | -€2,595 | -93.5% |
| Trade receivables | 40 | €182 | €182 | = | 0.0% |
| Other amounts receivable | 41 | €2,595 | €0 | -€2,595 | -100% |
| Cash at bank and in hand | 54/58 | €58,803 | €118,976 | +€60,173 | +102% |
| Deferred charges and accrued income | 490/1 | €10,831 | €5,641 | -€5,190 | -47.9% |
| Total equity and liabilities | 10/49 | €75,518 | €126,615 | +€51,097 | +67.7% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €56,918 | €108,015 | +€51,097 | +89.8% |
| Amounts payable within one year | 42/48 | €56,487 | €107,569 | +€51,082 | +90.4% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €3,791 | €2,971 | -€820 | -21.6% |
| Suppliers | 440/4 | €3,791 | €2,971 | -€820 | -21.6% |
| Taxes, remuneration and social security | 45 | €773 | €5,445 | +€4,672 | +604% |
| Taxes | 450/3 | €773 | €5,445 | +€4,672 | +604% |
| Other amounts payable | 47/48 | €51,923 | €99,153 | +€47,230 | +91.0% |
| Accrued charges and deferred income | 492/3 | €431 | €446 | +€15 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,690 | €1,290 | -€400 | -23.7% |
| Other operating charges | 640/8 | €963 | €1,246 | +€283 | +29.4% |
| Non-recurring operating charges | 66A | €264 | €0 | -€264 | -100% |
| Gross operating margin | 9900 | €64,652 | €91,984 | +€27,333 | +42.3% |
| Operating profit (loss) | 9901 | €61,734 | €89,448 | +€27,714 | +44.9% |
| Financial income | 75/76B | €297 | €547 | +€250 | +84.0% |
| Recurring financial income | 75 | €297 | €547 | +€250 | +84.0% |
| Financial charges | 65/66B | €114 | €105 | -€10 | -8.4% |
| Recurring financial charges | 65 | €114 | €105 | -€10 | -8.4% |
| Profit (loss) for the period before taxes | 9903 | €61,917 | €89,890 | +€27,973 | +45.2% |
| Income taxes | 67/77 | €12,618 | €18,109 | +€5,491 | +43.5% |
| Profit (loss) for the period | 9904 | €49,298 | €71,780 | +€22,482 | +45.6% |
| Profit (loss) for the period to be appropriated | 9905 | €49,298 | €71,780 | +€22,482 | +45.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.