MEDADVICE: 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.
MEDADVICE
Largest movements
- Cash +€31,330
up €31,330 (+30.3%), from €103,347 to €134,677
mainly Trade debts (+€30,080) and Receivables after one year (+€21,367)
- Deferred charges and accrued income +€23,165
up €23,165 (+15.0%), from €154,661 to €177,826
- Receivables after one year -€21,367
down €21,367 (-18.9%), from €112,904 to €91,537
- Receivables within one year +€8,197
up €8,197 (+42.6%), from €19,232 to €27,428
of which Other amounts receivable: +€9,779
- Provisions -€40,000
down €40,000 (-11.4%), from €350,000 to €310,000
- Trade debts +€30,080
up €30,080 (+26.3%), from €114,411 to €144,491
- Tax, wage and social debts +€19,008
up €19,008 (+52.7%), from €36,050 to €55,058
of which Taxes: +€18,473
- Other debts +€18,400
up €18,400 (+58.6%), from €31,379 to €49,779
- Profit (loss) carried forward +€7,424
up €7,424 (+2.4%), from -€305,214 to -€297,790
- Gross operating margin +€33,025
up €33,025 (+118.8%), from €27,799 to €60,824
- Taxes +€7,014
up €7,014 (+93.3%), from €7,518 to €14,531
- Financial income -€2,161
down €2,161 (-48.1%), from €4,498 to €2,336
- Financial charges +€1,984
up €1,984 (+93.2%), from €2,129 to €4,112
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 | €427,654 | €466,517 | +€38,862 | +9.1% |
| Fixed assets | 21/28 | €25,065 | €22,602 | -€2,462 | -9.8% |
| Tangible fixed assets | 22/27 | €14,328 | €11,865 | -€2,462 | -17.2% |
| Plant, machinery and equipment | 23 | €14,328 | €10,941 | -€3,387 | -23.6% |
| Furniture and vehicles | 24 | - | €925 | +€925 | |
| Financial fixed assets | 28 | €10,737 | €10,737 | = | 0.0% |
| Current assets | 29/58 | €402,590 | €443,914 | +€41,325 | +10.3% |
| Amounts receivable after more than one year | 29 | €112,904 | €91,537 | -€21,367 | -18.9% |
| Other amounts receivable | 291 | €112,904 | €91,537 | -€21,367 | -18.9% |
| Amounts receivable within one year | 40/41 | €19,232 | €27,428 | +€8,197 | +42.6% |
| Trade receivables | 40 | €19,142 | €17,560 | -€1,582 | -8.3% |
| Other amounts receivable | 41 | €89 | €9,868 | +€9,779 | +10982.3% |
| Current investments | 50/53 | €12,447 | €12,447 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €103,347 | €134,677 | +€31,330 | +30.3% |
| Deferred charges and accrued income | 490/1 | €154,661 | €177,826 | +€23,165 | +15.0% |
| Total equity and liabilities | 10/49 | €427,654 | €466,517 | +€38,862 | +9.1% |
| Equity | 10/15 | -€291,828 | -€284,404 | +€7,424 | +2.5% |
| Contributions | 10/11 | €13,386 | €13,386 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€305,214 | -€297,790 | +€7,424 | +2.4% |
| Provisions and deferred taxes | 16 | €350,000 | €310,000 | -€40,000 | -11.4% |
| Provisions for liabilities and charges | 160/5 | €350,000 | €310,000 | -€40,000 | -11.4% |
| Pensions and similar obligations | 160 | €350,000 | €310,000 | -€40,000 | -11.4% |
| Amounts payable | 17/49 | €369,482 | €440,921 | +€71,438 | +19.3% |
| Amounts payable within one year | 42/48 | €181,840 | €249,328 | +€67,488 | +37.1% |
| Trade debts | 44 | €114,411 | €144,491 | +€30,080 | +26.3% |
| Suppliers | 440/4 | €114,411 | €144,491 | +€30,080 | +26.3% |
| Taxes, remuneration and social security | 45 | €36,050 | €55,058 | +€19,008 | +52.7% |
| Taxes | 450/3 | €35,561 | €54,034 | +€18,473 | +51.9% |
| Remuneration and social security | 454/9 | €489 | €1,024 | +€535 | +109.5% |
| Other amounts payable | 47/48 | €31,379 | €49,779 | +€18,400 | +58.6% |
| Accrued charges and deferred income | 492/3 | €187,642 | €191,592 | +€3,950 | +2.1% |
| Remuneration, social security and pensions | 62 | €9,278 | €9,462 | +€184 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,729 | €6,052 | +€323 | +5.6% |
| Other operating charges | 640/8 | €165 | €211 | +€46 | +28.1% |
| Non-recurring operating charges | 66A | €619 | €21,367 | +€20,748 | +3350.6% |
| Gross operating margin | 9900 | €27,799 | €60,824 | +€33,025 | +118.8% |
| Operating profit (loss) | 9901 | €12,008 | €23,731 | +€11,723 | +97.6% |
| Financial income | 75/76B | €4,498 | €2,336 | -€2,161 | -48.1% |
| Recurring financial income | 75 | €4,498 | €2,336 | -€2,161 | -48.1% |
| Financial charges | 65/66B | €2,129 | €4,112 | +€1,984 | +93.2% |
| Recurring financial charges | 65 | €2,129 | €4,112 | +€1,984 | +93.2% |
| Profit (loss) for the period before taxes | 9903 | €14,377 | €21,955 | +€7,578 | +52.7% |
| Income taxes | 67/77 | €7,518 | €14,531 | +€7,014 | +93.3% |
| Profit (loss) for the period | 9904 | €6,859 | €7,424 | +€565 | +8.2% |
| Profit (loss) for the period to be appropriated | 9905 | €6,859 | €7,424 | +€565 | +8.2% |
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 12 October 2026 via checked.be.