MEDAC: 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.
MEDAC
Largest movements
- Current assets -€32,050
down €32,050 (-36.2%), from €88,537 to €56,487
- Tangible fixed assets -€19,022
down €19,022 (-38.1%), from €49,906 to €30,884
- Debts within one year -€50,046
down €50,046 (-92.1%), from €54,314 to €4,268
- Accrued charges and deferred income -€10,000
no longer reported in 2024 (was €10,000)
- Reserves +€8,974
up €8,974 (+14.9%), from €60,169 to €69,143
- Other operating charges +€15,203
up €15,203 (+300.5%), from €5,060 to €20,263
- Depreciation +€1,010
up €1,010 (+5.6%), from €18,012 to €19,022
- Gross operating margin -€997
down €997 (-2.0%), from €49,376 to €48,379
From the 2023 result to the 2024 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €202,623 | €151,551 | -€51,072 | -25.2% |
| Fixed assets | 21/28 | €114,086 | €95,064 | -€19,022 | -16.7% |
| Tangible fixed assets | 22/27 | €49,906 | €30,884 | -€19,022 | -38.1% |
| Furniture and vehicles | 24 | €49,906 | €30,884 | -€19,022 | -38.1% |
| Financial fixed assets | 28 | €64,180 | €64,180 | = | 0.0% |
| Current assets | 29/58 | €88,537 | €56,487 | -€32,050 | -36.2% |
| Amounts receivable within one year | 40/41 | €793 | €4,800 | +€4,007 | +505.3% |
| Trade receivables | 40 | €793 | - | -€793 | |
| Other amounts receivable | 41 | - | €4,800 | +€4,800 | |
| Cash at bank and in hand | 54/58 | - | €51,687 | +€51,687 | |
| Total equity and liabilities | 10/49 | €202,623 | €151,551 | -€51,072 | -25.2% |
| Equity | 10/15 | €138,309 | €147,283 | +€8,974 | +6.5% |
| Contributions | 10/11 | €78,140 | €78,140 | = | 0.0% |
| Reserves | 13 | €60,169 | €69,143 | +€8,974 | +14.9% |
| Distributable reserves | 133 | €60 | €69,143 | +€69,083 | +114814.7% |
| Amounts payable | 17/49 | €64,314 | €4,268 | -€60,046 | -93.4% |
| Amounts payable within one year | 42/48 | €54,314 | €4,268 | -€50,046 | -92.1% |
| Trade debts | 44 | - | €2,948 | +€2,948 | |
| Suppliers | 440/4 | €51,636 | €2,948 | -€48,688 | -94.3% |
| Taxes, remuneration and social security | 45 | €2,678 | €1,320 | -€1,358 | -50.7% |
| Taxes | 450/3 | €2,678 | €1,320 | -€1,358 | -50.7% |
| Accrued charges and deferred income | 492/3 | €10,000 | - | -€10,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,012 | €19,022 | +€1,010 | +5.6% |
| Other operating charges | 640/8 | €5,060 | €20,263 | +€15,203 | +300.5% |
| Gross operating margin | 9900 | €49,376 | €48,379 | -€997 | -2.0% |
| Operating profit (loss) | 9901 | €26,304 | €9,094 | -€17,210 | -65.4% |
| Financial charges | 65/66B | €139 | €120 | -€19 | -13.7% |
| Recurring financial charges | 65 | €139 | €120 | -€19 | -13.7% |
| Profit (loss) for the period before taxes | 9903 | €26,165 | €8,974 | -€17,191 | -65.7% |
| Profit (loss) for the period | 9904 | €26,165 | €8,974 | -€17,191 | -65.7% |
| Profit (loss) for the period to be appropriated | 9905 | €26,165 | €8,974 | -€17,191 | -65.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2023 and 30 June 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.