MEDAL CONCEPT: 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.
MEDAL CONCEPT
Largest movements
- Cash -€6,933
down €6,933 (-39.0%), from €17,776 to €10,843
mainly Receivables within one year (-€6,633) and Tax, wage and social debts (-€1,457)
- Receivables within one year +€6,633
up €6,633 (+23.4%), from €28,357 to €34,991
of which Other amounts receivable: +€6,579
- Tax, wage and social debts -€1,457
down €1,457 (-82.9%), from €1,757 to €300
- Reserves +€801
up €801 (+2.8%), from €28,755 to €29,556
- Gross operating margin -€8,133
down €8,133 (-95.7%), from €8,498 to €365
- Taxes -€1,221
down €1,221 (-80.3%), from €1,521 to €300
- Financial income +€758
up €758 (+67.2%), from €1,128 to €1,886
- Write-downs -€406
down €406 (-100%), from €406 to €0
- Other operating charges -€201
down €201 (-25.7%), from €785 to €584
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 | €54,151 | €53,321 | -€830 | -1.5% |
| Fixed assets | 21/28 | €1,270 | €781 | -€489 | -38.5% |
| Tangible fixed assets | 22/27 | €1,270 | €781 | -€489 | -38.5% |
| Plant, machinery and equipment | 23 | €1,270 | €781 | -€489 | -38.5% |
| Current assets | 29/58 | €52,880 | €52,540 | -€340 | -0.6% |
| Stocks and contracts in progress | 3 | €6,706 | €6,706 | = | 0.0% |
| Stocks | 30/36 | €6,706 | €6,706 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €28,357 | €34,991 | +€6,633 | +23.4% |
| Trade receivables | 40 | €327 | €381 | +€55 | +16.7% |
| Other amounts receivable | 41 | €28,031 | €34,610 | +€6,579 | +23.5% |
| Cash at bank and in hand | 54/58 | €17,776 | €10,843 | -€6,933 | -39.0% |
| Deferred charges and accrued income | 490/1 | €41 | €0 | -€41 | -100% |
| Total equity and liabilities | 10/49 | €54,151 | €53,321 | -€830 | -1.5% |
| Equity | 10/15 | €41,355 | €42,156 | +€801 | +1.9% |
| Contributions | 10/11 | €12,600 | €12,600 | = | 0.0% |
| Reserves | 13 | €28,755 | €29,556 | +€801 | +2.8% |
| Distributable reserves | 133 | €28,755 | €29,556 | +€801 | +2.8% |
| Amounts payable | 17/49 | €12,796 | €11,166 | -€1,630 | -12.7% |
| Amounts payable within one year | 42/48 | €11,592 | €9,849 | -€1,744 | -15.0% |
| Trade debts | 44 | €947 | €660 | -€286 | -30.2% |
| Suppliers | 440/4 | €947 | €660 | -€286 | -30.2% |
| Taxes, remuneration and social security | 45 | €1,757 | €300 | -€1,457 | -82.9% |
| Taxes | 450/3 | €1,757 | €300 | -€1,457 | -82.9% |
| Other amounts payable | 47/48 | €8,889 | €8,889 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,203 | €1,317 | +€113 | +9.4% |
| Non-recurring operating income | 76A | €31 | €954 | +€924 | +3,018% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €290 | €489 | +€199 | +68.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €406 | €0 | -€406 | -100% |
| Other operating charges | 640/8 | €785 | €584 | -€201 | -25.7% |
| Gross operating margin | 9900 | €8,498 | €365 | -€8,133 | -95.7% |
| Operating profit (loss) | 9901 | €7,016 | -€708 | -€7,724 | |
| Financial income | 75/76B | €1,128 | €1,886 | +€758 | +67.2% |
| Recurring financial income | 75 | €1,128 | €1,886 | +€758 | +67.2% |
| Financial charges | 65/66B | €72 | €77 | +€5 | +7.0% |
| Recurring financial charges | 65 | €72 | €77 | +€5 | +7.0% |
| Profit (loss) for the period before taxes | 9903 | €8,072 | €1,101 | -€6,971 | -86.4% |
| Income taxes | 67/77 | €1,521 | €300 | -€1,221 | -80.3% |
| Profit (loss) for the period | 9904 | €6,551 | €801 | -€5,750 | -87.8% |
| Profit (loss) for the period to be appropriated | 9905 | €6,551 | €801 | -€5,750 | -87.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.