MEDAHO: 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.
MEDAHO
Largest movements
- Receivables within one year +€28,942
up €28,942 (+308%), from €9,405 to €38,347
of which Other amounts receivable: +€29,600
- Tangible fixed assets -€13,710
down €13,710 (-12.9%), from €105,901 to €92,190
of which Land and buildings: -€12,041
- Deferred charges and accrued income +€4,099
up €4,099 (+30.0%), from €13,674 to €17,773
- Cash +€3,498
up €3,498 (+31.3%), from €11,177 to €14,675
mainly Net result for the year (+€19,122) and Other debts (+€18,183)
- Other debts +€18,183
new in 2025: €18,183
- Reserves +€16,350
up €16,350 (+51.3%), from €31,850 to €48,200
- Debts after one year -€8,538
down €8,538 (-10.8%), from €79,174 to €70,637
- Tax, wage and social debts -€1,676
no longer reported in 2025 (was €1,676)
- Gross operating margin +€4,789
up €4,789 (+11.0%), from €43,480 to €48,269
- Financial charges +€2,037
up €2,037 (+43.5%), from €4,677 to €6,714
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 | €142,915 | €165,869 | +€22,955 | +16.1% |
| Fixed assets | 21/28 | €108,659 | €95,074 | -€13,584 | -12.5% |
| Tangible fixed assets | 22/27 | €105,901 | €92,190 | -€13,710 | -12.9% |
| Land and buildings | 22 | €95,658 | €83,617 | -€12,041 | -12.6% |
| Furniture and vehicles | 24 | €10,243 | €8,574 | -€1,669 | -16.3% |
| Financial fixed assets | 28 | €2,758 | €2,884 | +€126 | +4.6% |
| Current assets | 29/58 | €34,256 | €70,795 | +€36,539 | +107% |
| Amounts receivable within one year | 40/41 | €9,405 | €38,347 | +€28,942 | +308% |
| Trade receivables | 40 | €657 | - | -€657 | |
| Other amounts receivable | 41 | €8,747 | €38,347 | +€29,600 | +338% |
| Cash at bank and in hand | 54/58 | €11,177 | €14,675 | +€3,498 | +31.3% |
| Deferred charges and accrued income | 490/1 | €13,674 | €17,773 | +€4,099 | +30.0% |
| Total equity and liabilities | 10/49 | €142,915 | €165,869 | +€22,955 | +16.1% |
| Equity | 10/15 | €50,870 | €67,220 | +€16,350 | +32.1% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €31,850 | €48,200 | +€16,350 | +51.3% |
| Distributable reserves | 133 | €31,850 | €48,200 | +€16,350 | +51.3% |
| Profit (loss) carried forward | 14 | €4,760 | €4,760 | = | 0.0% |
| Amounts payable | 17/49 | €92,045 | €98,649 | +€6,604 | +7.2% |
| Amounts payable after more than one year | 17 | €79,174 | €70,637 | -€8,538 | -10.8% |
| Financial debts | 170/4 | €79,174 | €70,637 | -€8,538 | -10.8% |
| Amounts payable within one year | 42/48 | €12,871 | €28,012 | +€15,142 | +118% |
| Current portion of amounts payable after more than one year | 42 | €10,165 | €8,538 | -€1,627 | -16.0% |
| Trade debts | 44 | €1,029 | €1,292 | +€263 | +25.5% |
| Suppliers | 440/4 | €1,029 | €1,292 | +€263 | +25.5% |
| Taxes, remuneration and social security | 45 | €1,676 | - | -€1,676 | |
| Taxes | 450/3 | €1,676 | - | -€1,676 | |
| Other amounts payable | 47/48 | - | €18,183 | +€18,183 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,902 | €13,710 | -€191 | -1.4% |
| Other operating charges | 640/8 | €1,659 | €1,640 | -€19 | -1.2% |
| Gross operating margin | 9900 | €43,480 | €48,269 | +€4,789 | +11.0% |
| Operating profit (loss) | 9901 | €27,919 | €32,919 | +€5,000 | +17.9% |
| Financial income | 75/76B | €0 | €0 | +€0 | +135% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +135% |
| Financial charges | 65/66B | €4,677 | €6,714 | +€2,037 | +43.5% |
| Recurring financial charges | 65 | €4,677 | €6,714 | +€2,037 | +43.5% |
| Profit (loss) for the period before taxes | 9903 | €23,242 | €26,205 | +€2,963 | +12.7% |
| Income taxes | 67/77 | €7,498 | €7,083 | -€415 | -5.5% |
| Profit (loss) for the period | 9904 | €15,744 | €19,122 | +€3,378 | +21.5% |
| Profit (loss) for the period to be appropriated | 9905 | €15,744 | €19,122 | +€3,378 | +21.5% |
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 21 October 2026 via checked.be.