MEDABO: 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.
MEDABO
Largest movements
- Stocks and contracts +€240,721
up €240,721 (+2,006%), from €12,000 to €252,721
of which Stocks: +€247,221
- Receivables within one year -€51,784
down €51,784 (-94.8%), from €54,620 to €2,836
of which Trade receivables: -€33,630
- Tangible fixed assets -€17,966
down €17,966 (-70.4%), from €25,509 to €7,543
- Cash +€16,912
up €16,912 (+199%), from €8,515 to €25,427
mainly Short-term financial debts (+€139,000) and Debts after one year (+€78,630)
- Short-term financial debts +€139,000
new in 2025: €139,000
- Debts after one year +€78,630
up €78,630 (+469%), from €16,776 to €95,406
of which Other amounts payable: +€95,259
- Trade debts -€23,529
down €23,529 (-90.8%), from €25,919 to €2,390
- Current portion of long-term debt -€7,423
down €7,423 (-100%), from €7,423 to €0
- Gross operating margin -€14,282
down €14,282 (-66.0%), from €21,641 to €7,359
- Depreciation -€6,210
down €6,210 (-97.7%), from €6,354 to €143
- Financial charges +€1,890
up €1,890 (+129%), from €1,466 to €3,356
- Taxes -€1,186
down €1,186 (-76.9%), from €1,543 to €357
- Financial income +€1,152
up €1,152 (+107%), from €1,076 to €2,227
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 | €101,575 | €289,457 | +€187,882 | +185% |
| Fixed assets | 21/28 | €26,109 | €8,143 | -€17,966 | -68.8% |
| Tangible fixed assets | 22/27 | €25,509 | €7,543 | -€17,966 | -70.4% |
| Furniture and vehicles | 24 | €25,509 | €7,543 | -€17,966 | -70.4% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €75,466 | €281,314 | +€205,849 | +273% |
| Stocks and contracts in progress | 3 | €12,000 | €252,721 | +€240,721 | +2,006% |
| Stocks | 30/36 | €2,000 | €249,221 | +€247,221 | +12,361% |
| Contracts in progress | 37 | €10,000 | €3,500 | -€6,500 | -65.0% |
| Amounts receivable within one year | 40/41 | €54,620 | €2,836 | -€51,784 | -94.8% |
| Trade receivables | 40 | €33,630 | €0 | -€33,630 | -100% |
| Other amounts receivable | 41 | €20,990 | €2,836 | -€18,154 | -86.5% |
| Cash at bank and in hand | 54/58 | €8,515 | €25,427 | +€16,912 | +199% |
| Deferred charges and accrued income | 490/1 | €330 | €330 | = | 0.0% |
| Total equity and liabilities | 10/49 | €101,575 | €289,457 | +€187,882 | +185% |
| Equity | 10/15 | €51,086 | €52,304 | +€1,218 | +2.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €44,886 | €46,104 | +€1,218 | +2.7% |
| Distributable reserves | 133 | €44,886 | €46,104 | +€1,218 | +2.7% |
| Amounts payable | 17/49 | €50,489 | €237,153 | +€186,665 | +370% |
| Amounts payable after more than one year | 17 | €16,776 | €95,406 | +€78,630 | +469% |
| Financial debts | 170/4 | €16,629 | €0 | -€16,629 | -100% |
| Other amounts payable | 178/9 | €147 | €95,406 | +€95,259 | +64,657% |
| Amounts payable within one year | 42/48 | €33,713 | €141,747 | +€108,034 | +320% |
| Current portion of amounts payable after more than one year | 42 | €7,423 | €0 | -€7,423 | -100% |
| Financial debts | 43 | - | €139,000 | +€139,000 | |
| Credit institutions | 430/8 | - | €139,000 | +€139,000 | |
| Trade debts | 44 | €25,919 | €2,390 | -€23,529 | -90.8% |
| Suppliers | 440/4 | €25,919 | €2,390 | -€23,529 | -90.8% |
| Taxes, remuneration and social security | 45 | €371 | €357 | -€14 | -3.7% |
| Taxes | 450/3 | €371 | €357 | -€14 | -3.7% |
| Non-recurring operating income | 76A | €0 | €413 | +€413 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,354 | €143 | -€6,210 | -97.7% |
| Other operating charges | 640/8 | €1,573 | €1,896 | +€323 | +20.5% |
| Non-recurring operating charges | 66A | €8,076 | €2,616 | -€5,460 | -67.6% |
| Gross operating margin | 9900 | €21,641 | €7,359 | -€14,282 | -66.0% |
| Operating profit (loss) | 9901 | €5,638 | €2,703 | -€2,935 | -52.1% |
| Financial income | 75/76B | €1,076 | €2,227 | +€1,152 | +107% |
| Recurring financial income | 75 | €1,076 | €2,227 | +€1,152 | +107% |
| Financial charges | 65/66B | €1,466 | €3,356 | +€1,890 | +129% |
| Recurring financial charges | 65 | €1,466 | €3,356 | +€1,890 | +129% |
| Profit (loss) for the period before taxes | 9903 | €5,248 | €1,575 | -€3,673 | -70.0% |
| Income taxes | 67/77 | €1,543 | €357 | -€1,186 | -76.9% |
| Profit (loss) for the period | 9904 | €3,705 | €1,218 | -€2,487 | -67.1% |
| Profit (loss) for the period to be appropriated | 9905 | €3,705 | €1,218 | -€2,487 | -67.1% |
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.