MEDAERD: 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.
MEDAERD
Largest movements
- Cash +€119,241
up €119,241 (+5.7%), from €2.1m to €2.2m
mainly Net result for the year (+€190,554) and Other debts (+€17,750)
- Deferred charges and accrued income +€82,500
up €82,500 (+660.0%), from €12,500 to €95,000
- Reserves +€190,554
up €190,554 (+22.3%), from €855,626 to €1.0m
- Financial income -€75,000
down €75,000 (-24.0%), from €312,500 to €237,500
- Financial charges +€14,852
up €14,852 (+137.3%), from €10,815 to €25,667
- Taxes -€8,175
down €8,175 (-30.0%), from €27,231 to €19,055
- Gross operating margin -€44
down €44 (-3.7%), from -€1,181 to -€1,225
- Other operating charges +€31
up €31 (+3.2%), from €968 to €998
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 | €3,618,422 | €3,820,163 | +€201,741 | +5.6% |
| Fixed assets | 21/28 | €1,512,375 | €1,512,375 | = | 0.0% |
| Financial fixed assets | 28 | €1,512,375 | €1,512,375 | = | 0.0% |
| Current assets | 29/58 | €2,106,047 | €2,307,788 | +€201,741 | +9.6% |
| Cash at bank and in hand | 54/58 | €2,093,547 | €2,212,788 | +€119,241 | +5.7% |
| Deferred charges and accrued income | 490/1 | €12,500 | €95,000 | +€82,500 | +660.0% |
| Total equity and liabilities | 10/49 | €3,618,422 | €3,820,163 | +€201,741 | +5.6% |
| Equity | 10/15 | €3,093,904 | €3,284,458 | +€190,554 | +6.2% |
| Contributions | 10/11 | €1,512,375 | €1,512,375 | = | 0.0% |
| Reserves | 13 | €855,626 | €1,046,180 | +€190,554 | +22.3% |
| Distributable reserves | 133 | €855,626 | €1,046,180 | +€190,554 | +22.3% |
| Profit (loss) carried forward | 14 | €725,903 | €725,903 | = | 0.0% |
| Amounts payable | 17/49 | €524,518 | €535,705 | +€11,187 | +2.1% |
| Amounts payable within one year | 42/48 | €524,518 | €535,705 | +€11,187 | +2.1% |
| Taxes, remuneration and social security | 45 | €60,455 | €53,893 | -€6,562 | -10.9% |
| Taxes | 450/3 | €60,455 | €53,893 | -€6,562 | -10.9% |
| Other amounts payable | 47/48 | €464,062 | €481,812 | +€17,750 | +3.8% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | -€1,181 | -€1,225 | -€44 | -3.7% |
| Operating profit (loss) | 9901 | -€2,148 | -€2,223 | -€75 | -3.5% |
| Financial income | 75/76B | €312,500 | €237,500 | -€75,000 | -24.0% |
| Recurring financial income | 75 | €312,500 | €237,500 | -€75,000 | -24.0% |
| Financial charges | 65/66B | €10,815 | €25,667 | +€14,852 | +137.3% |
| Recurring financial charges | 65 | €10,815 | €25,667 | +€14,852 | +137.3% |
| Profit (loss) for the period before taxes | 9903 | €299,536 | €209,610 | -€89,927 | -30.0% |
| Income taxes | 67/77 | €27,231 | €19,055 | -€8,175 | -30.0% |
| Profit (loss) for the period | 9904 | €272,306 | €190,554 | -€81,752 | -30.0% |
| Profit (loss) for the period to be appropriated | 9905 | €272,306 | €190,554 | -€81,752 | -30.0% |
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 9 October 2026 via checked.be.