MEDAAR: 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.
MEDAAR
Largest movements
- Receivables within one year -€19,576
down €19,576 (-74.8%), from €26,154 to €6,579
of which Trade receivables: -€22,455
- Cash -€9,934
down €9,934 (-10.4%), from €95,385 to €85,450
mainly Contributions, distributions and other (-€150,000) and Debts after one year (-€9,025)
- Tangible fixed assets -€6,038
down €6,038 (-2.4%), from €250,491 to €244,453
of which Land and buildings: -€6,274
- Reserves -€67,787
down €67,787 (-34.0%), from €199,539 to €131,752
of which Distributable reserves: -€67,787
- Other debts +€41,766
up €41,766 (+3127.5%), from €1,335 to €43,101
- Debts after one year -€9,025
down €9,025 (-6.9%), from €131,326 to €122,302
- Gross operating margin -€11,494
down €11,494 (-9.0%), from €128,158 to €116,664
- Taxes -€2,983
down €2,983 (-12.0%), from €24,866 to €21,884
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 | €375,185 | €339,239 | -€35,946 | -9.6% |
| Fixed assets | 21/28 | €250,491 | €244,453 | -€6,038 | -2.4% |
| Tangible fixed assets | 22/27 | €250,491 | €244,453 | -€6,038 | -2.4% |
| Land and buildings | 22 | €245,577 | €239,303 | -€6,274 | -2.6% |
| Plant, machinery and equipment | 23 | €1,697 | €1,235 | -€462 | -27.2% |
| Furniture and vehicles | 24 | €3,217 | €3,914 | +€698 | +21.7% |
| Current assets | 29/58 | €124,694 | €94,786 | -€29,908 | -24.0% |
| Amounts receivable within one year | 40/41 | €26,154 | €6,579 | -€19,576 | -74.8% |
| Trade receivables | 40 | €25,918 | €3,462 | -€22,455 | -86.6% |
| Other amounts receivable | 41 | €237 | €3,116 | +€2,880 | +1217.6% |
| Cash at bank and in hand | 54/58 | €95,385 | €85,450 | -€9,934 | -10.4% |
| Deferred charges and accrued income | 490/1 | €3,155 | €2,757 | -€398 | -12.6% |
| Total equity and liabilities | 10/49 | €375,185 | €339,239 | -€35,946 | -9.6% |
| Equity | 10/15 | €218,139 | €150,352 | -€67,787 | -31.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €199,539 | €131,752 | -€67,787 | -34.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €197,679 | €129,892 | -€67,787 | -34.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €157,046 | €188,887 | +€31,841 | +20.3% |
| Amounts payable after more than one year | 17 | €131,326 | €122,302 | -€9,025 | -6.9% |
| Financial debts | 170/4 | €131,326 | €122,302 | -€9,025 | -6.9% |
| Amounts payable within one year | 42/48 | €25,720 | €66,581 | +€40,861 | +158.9% |
| Current portion of amounts payable after more than one year | 42 | €8,818 | €9,025 | +€207 | +2.3% |
| Trade debts | 44 | €687 | €2,826 | +€2,139 | +311.2% |
| Suppliers | 440/4 | €687 | €2,826 | +€2,139 | +311.2% |
| Taxes, remuneration and social security | 45 | €14,879 | €11,629 | -€3,250 | -21.8% |
| Taxes | 450/3 | €14,879 | €11,629 | -€3,250 | -21.8% |
| Other amounts payable | 47/48 | €1,335 | €43,101 | +€41,766 | +3127.5% |
| Accrued charges and deferred income | 492/3 | - | €5 | +€5 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,346 | €7,690 | +€343 | +4.7% |
| Other operating charges | 640/8 | €1,590 | €1,640 | +€50 | +3.1% |
| Gross operating margin | 9900 | €128,158 | €116,664 | -€11,494 | -9.0% |
| Operating profit (loss) | 9901 | €119,222 | €107,335 | -€11,887 | -10.0% |
| Financial income | 75/76B | €1 | €0 | -€0 | -80.0% |
| Recurring financial income | 75 | €1 | €0 | -€0 | -80.0% |
| Financial charges | 65/66B | €3,436 | €3,238 | -€197 | -5.7% |
| Recurring financial charges | 65 | €3,436 | €3,238 | -€197 | -5.7% |
| Profit (loss) for the period before taxes | 9903 | €115,787 | €104,097 | -€11,690 | -10.1% |
| Income taxes | 67/77 | €24,866 | €21,884 | -€2,983 | -12.0% |
| Profit (loss) for the period | 9904 | €90,920 | €82,213 | -€8,707 | -9.6% |
| Profit (loss) for the period to be appropriated | 9905 | €90,920 | €82,213 | -€8,707 | -9.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.