MEDADMIN: 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.
MEDADMIN
Largest movements
- Tangible fixed assets +€266,254
up €266,254 (+75.9%), from €350,755 to €617,009
of which Land and buildings: +€244,189
- Current investments -€35,697
down €35,697 (-39.1%), from €91,353 to €55,656
- Cash -€20,195
down €20,195 (-77.4%), from €26,078 to €5,884
mainly Investment in fixed assets (net) (-€334,264) and Receivables within one year (-€15,256)
- Receivables within one year +€15,256
up €15,256 (+61.0%), from €24,994 to €40,250
of which Trade receivables: +€13,276
- Deferred charges and accrued income -€10,183
down €10,183 (-31.6%), from €32,259 to €22,076
- Debts after one year +€185,023
up €185,023 (+302.1%), from €61,241 to €246,264
of which Financial debts: +€185,023
- Reserves +€14,250
up €14,250 (+4.9%), from €293,550 to €307,800
- Depreciation +€40,337
up €40,337 (+145.8%), from €27,673 to €68,010
- Gross operating margin +€29,753
up €29,753 (+34.9%), from €85,330 to €115,084
- Financial charges +€11,971
up €11,971 (+156.9%), from €7,629 to €19,600
- Taxes -€6,529
down €6,529 (-44.6%), from €14,631 to €8,102
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
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €544,089 | €758,025 | +€213,936 | +39.3% |
| Fixed assets | 21/28 | €350,755 | €617,009 | +€266,254 | +75.9% |
| Tangible fixed assets | 22/27 | €350,755 | €617,009 | +€266,254 | +75.9% |
| Land and buildings | 22 | €264,527 | €508,715 | +€244,189 | +92.3% |
| Plant, machinery and equipment | 23 | €23,247 | €23,888 | +€642 | +2.8% |
| Furniture and vehicles | 24 | €62,981 | €84,405 | +€21,424 | +34.0% |
| Current assets | 29/58 | €193,334 | €141,016 | -€52,318 | -27.1% |
| Stocks and contracts in progress | 3 | €18,650 | €17,150 | -€1,500 | -8.0% |
| Stocks | 30/36 | €18,650 | €17,150 | -€1,500 | -8.0% |
| Amounts receivable within one year | 40/41 | €24,994 | €40,250 | +€15,256 | +61.0% |
| Trade receivables | 40 | €24,493 | €37,768 | +€13,276 | +54.2% |
| Other amounts receivable | 41 | €501 | €2,482 | +€1,981 | +395.2% |
| Current investments | 50/53 | €91,353 | €55,656 | -€35,697 | -39.1% |
| Cash at bank and in hand | 54/58 | €26,078 | €5,884 | -€20,195 | -77.4% |
| Deferred charges and accrued income | 490/1 | €32,259 | €22,076 | -€10,183 | -31.6% |
| Total equity and liabilities | 10/49 | €544,089 | €758,025 | +€213,936 | +39.3% |
| Equity | 10/15 | €312,284 | €326,541 | +€14,257 | +4.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €293,550 | €307,800 | +€14,250 | +4.9% |
| Distributable reserves | 133 | €293,550 | €307,800 | +€14,250 | +4.9% |
| Profit (loss) carried forward | 14 | €134 | €141 | +€7 | +5.3% |
| Amounts payable | 17/49 | €231,804 | €431,483 | +€199,679 | +86.1% |
| Amounts payable after more than one year | 17 | €61,241 | €246,264 | +€185,023 | +302.1% |
| Financial debts | 170/4 | €59,481 | €244,504 | +€185,023 | +311.1% |
| Other amounts payable | 178/9 | €1,760 | €1,760 | = | 0.0% |
| Amounts payable within one year | 42/48 | €167,893 | €177,645 | +€9,753 | +5.8% |
| Current portion of amounts payable after more than one year | 42 | €31,107 | €37,208 | +€6,102 | +19.6% |
| Trade debts | 44 | €7,905 | €9,357 | +€1,452 | +18.4% |
| Suppliers | 440/4 | €7,905 | €9,357 | +€1,452 | +18.4% |
| Taxes, remuneration and social security | 45 | €9,776 | €8,141 | -€1,635 | -16.7% |
| Taxes | 450/3 | €9,776 | €8,141 | -€1,635 | -16.7% |
| Other amounts payable | 47/48 | €119,105 | €122,939 | +€3,834 | +3.2% |
| Accrued charges and deferred income | 492/3 | €2,671 | €7,574 | +€4,904 | +183.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,673 | €68,010 | +€40,337 | +145.8% |
| Other operating charges | 640/8 | €4,520 | €5,551 | +€1,031 | +22.8% |
| Gross operating margin | 9900 | €85,330 | €115,084 | +€29,753 | +34.9% |
| Operating profit (loss) | 9901 | €53,137 | €41,523 | -€11,615 | -21.9% |
| Financial income | 75/76B | €623 | €436 | -€187 | -30.0% |
| Recurring financial income | 75 | €623 | €436 | -€187 | -30.0% |
| Financial charges | 65/66B | €7,629 | €19,600 | +€11,971 | +156.9% |
| Recurring financial charges | 65 | €7,629 | €19,600 | +€11,971 | +156.9% |
| Profit (loss) for the period before taxes | 9903 | €46,131 | €22,359 | -€23,772 | -51.5% |
| Income taxes | 67/77 | €14,631 | €8,102 | -€6,529 | -44.6% |
| Profit (loss) for the period | 9904 | €31,500 | €14,257 | -€17,243 | -54.7% |
| Profit (loss) for the period to be appropriated | 9905 | €31,500 | €14,257 | -€17,243 | -54.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.