MEDAAR VDL: 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.
MEDAAR VDL
Largest movements
- Receivables within one year +€99,477
up €99,477 (+4,121%), from €2,414 to €101,891
of which Other amounts receivable: +€101,518
- Tangible fixed assets -€3,452
down €3,452 (-20.2%), from €17,108 to €13,656
- Cash +€2,514
up €2,514 (+11.6%), from €21,665 to €24,179
mainly Other debts (+€50,358) and Net result for the year (+€20,531)
- Other debts +€50,358
up €50,358 (+3,067%), from €1,642 to €52,000
- Reserves +€20,531
up €20,531 (+90.2%), from €22,771 to €43,302
- Tax, wage and social debts +€18,038
up €18,038 (+187%), from €9,646 to €27,684
of which Taxes: +€14,453
- Trade debts +€5,817
up €5,817 (+141%), from €4,117 to €9,934
- Current portion of long-term debt +€3,221
new in 2025: €3,221
- Staff costs +€22,127
up €22,127 (+83.9%), from €26,372 to €48,499
- Taxes +€8,765
up €8,765 (+496%), from €1,767 to €10,533
- Gross operating margin -€7,110
down €7,110 (-7.7%), from €92,503 to €85,393
- Financial income +€3,527
up €3,527 (+907%), from €389 to €3,916
- Financial charges +€2,014
up €2,014 (+269%), from €749 to €2,763
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 | €48,176 | €146,141 | +€97,965 | +203% |
| Fixed assets | 21/28 | €22,988 | €19,536 | -€3,452 | -15.0% |
| Tangible fixed assets | 22/27 | €17,108 | €13,656 | -€3,452 | -20.2% |
| Plant, machinery and equipment | 23 | €8,292 | €6,705 | -€1,587 | -19.1% |
| Furniture and vehicles | 24 | €5,433 | €4,253 | -€1,180 | -21.7% |
| Other tangible fixed assets | 26 | €3,383 | €2,698 | -€685 | -20.2% |
| Financial fixed assets | 28 | €5,880 | €5,880 | = | 0.0% |
| Current assets | 29/58 | €25,188 | €126,605 | +€101,418 | +403% |
| Stocks and contracts in progress | 3 | €625 | €536 | -€90 | -14.4% |
| Stocks | 30/36 | €625 | €536 | -€90 | -14.4% |
| Amounts receivable within one year | 40/41 | €2,414 | €101,891 | +€99,477 | +4,121% |
| Trade receivables | 40 | €2,041 | €0 | -€2,041 | -100% |
| Other amounts receivable | 41 | €373 | €101,891 | +€101,518 | +27,243% |
| Cash at bank and in hand | 54/58 | €21,665 | €24,179 | +€2,514 | +11.6% |
| Deferred charges and accrued income | 490/1 | €483 | €0 | -€483 | -100% |
| Total equity and liabilities | 10/49 | €48,176 | €146,141 | +€97,965 | +203% |
| Equity | 10/15 | €32,771 | €53,302 | +€20,531 | +62.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €22,771 | €43,302 | +€20,531 | +90.2% |
| Distributable reserves | 133 | €22,771 | €43,302 | +€20,531 | +90.2% |
| Amounts payable | 17/49 | €15,405 | €92,839 | +€77,434 | +503% |
| Amounts payable within one year | 42/48 | €15,405 | €92,839 | +€77,434 | +503% |
| Current portion of amounts payable after more than one year | 42 | - | €3,221 | +€3,221 | |
| Trade debts | 44 | €4,117 | €9,934 | +€5,817 | +141% |
| Suppliers | 440/4 | €4,117 | €9,934 | +€5,817 | +141% |
| Taxes, remuneration and social security | 45 | €9,646 | €27,684 | +€18,038 | +187% |
| Taxes | 450/3 | €7,261 | €21,714 | +€14,453 | +199% |
| Remuneration and social security | 454/9 | €2,385 | €5,970 | +€3,585 | +150% |
| Other amounts payable | 47/48 | €1,642 | €52,000 | +€50,358 | +3,067% |
| Remuneration, social security and pensions | 62 | €26,372 | €48,499 | +€22,127 | +83.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,609 | €3,452 | -€156 | -4.3% |
| Other operating charges | 640/8 | €2,559 | €3,531 | +€972 | +38.0% |
| Gross operating margin | 9900 | €92,503 | €85,393 | -€7,110 | -7.7% |
| Operating profit (loss) | 9901 | €59,964 | €29,911 | -€30,053 | -50.1% |
| Financial income | 75/76B | €389 | €3,916 | +€3,527 | +907% |
| Recurring financial income | 75 | €389 | €3,916 | +€3,527 | +907% |
| Financial charges | 65/66B | €749 | €2,763 | +€2,014 | +269% |
| Recurring financial charges | 65 | €749 | €2,763 | +€2,014 | +269% |
| Profit (loss) for the period before taxes | 9903 | €59,604 | €31,064 | -€28,540 | -47.9% |
| Income taxes | 67/77 | €1,767 | €10,533 | +€8,765 | +496% |
| Profit (loss) for the period | 9904 | €57,836 | €20,531 | -€37,305 | -64.5% |
| Profit (loss) for the period to be appropriated | 9905 | €57,836 | €20,531 | -€37,305 | -64.5% |
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 23 October 2026 via checked.be.