MEDAN CONSTRUCT: 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.
MEDAN CONSTRUCT
Largest movements
- Cash -€6,731
down €6,731 (-90.4%), from €7,442 to €711
mainly Trade debts (-€50,251) and Contributions, distributions and other (-€8,000)
- Receivables within one year -€2,763
down €2,763 (-4.5%), from €61,320 to €58,557
of which Other amounts receivable: -€22,642
- Deferred charges and accrued income -€1,521
down €1,521 (-91.5%), from €1,662 to €141
- Trade debts -€50,251
down €50,251 (-95.9%), from €52,384 to €2,133
- Reserves +€13,000
new in 2025: €13,000
- Accrued charges and deferred income +€11,810
up €11,810 (+1851.2%), from €638 to €12,448
- Other debts +€8,000
new in 2025: €8,000
- Profit (loss) carried forward +€4,226
up €4,226 (+40.6%), from €10,402 to €14,628
- Gross operating margin +€18,959
up €18,959 (+119.5%), from €15,864 to €34,823
- Taxes +€2,022
up €2,022 (+50.6%), from €4,000 to €6,022
- Financial income -€1,144
no longer reported in 2025 (was €1,144)
- Financial charges +€710
up €710 (+42.0%), from €1,688 to €2,397
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 | €70,424 | €59,709 | -€10,715 | -15.2% |
| Fixed assets | 21/28 | - | €300 | +€300 | |
| Financial fixed assets | 28 | - | €300 | +€300 | |
| Current assets | 29/58 | €70,424 | €59,409 | -€11,015 | -15.6% |
| Amounts receivable within one year | 40/41 | €61,320 | €58,557 | -€2,763 | -4.5% |
| Trade receivables | 40 | €29,571 | €49,449 | +€19,879 | +67.2% |
| Other amounts receivable | 41 | €31,749 | €9,108 | -€22,642 | -71.3% |
| Cash at bank and in hand | 54/58 | €7,442 | €711 | -€6,731 | -90.4% |
| Deferred charges and accrued income | 490/1 | €1,662 | €141 | -€1,521 | -91.5% |
| Total equity and liabilities | 10/49 | €70,424 | €59,709 | -€10,715 | -15.2% |
| Equity | 10/15 | €13,402 | €30,628 | +€17,226 | +128.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €13,000 | +€13,000 | |
| Distributable reserves | 133 | - | €13,000 | +€13,000 | |
| Profit (loss) carried forward | 14 | €10,402 | €14,628 | +€4,226 | +40.6% |
| Amounts payable | 17/49 | €57,022 | €29,082 | -€27,941 | -49.0% |
| Amounts payable within one year | 42/48 | €56,384 | €16,633 | -€39,751 | -70.5% |
| Trade debts | 44 | €52,384 | €2,133 | -€50,251 | -95.9% |
| Suppliers | 440/4 | €52,384 | €2,133 | -€50,251 | -95.9% |
| Taxes, remuneration and social security | 45 | €4,000 | €6,500 | +€2,500 | +62.5% |
| Taxes | 450/3 | €4,000 | €6,500 | +€2,500 | +62.5% |
| Other amounts payable | 47/48 | - | €8,000 | +€8,000 | |
| Accrued charges and deferred income | 492/3 | €638 | €12,448 | +€11,810 | +1851.2% |
| Other operating charges | 640/8 | €919 | €1,178 | +€259 | +28.2% |
| Gross operating margin | 9900 | €15,864 | €34,823 | +€18,959 | +119.5% |
| Operating profit (loss) | 9901 | €14,945 | €33,646 | +€18,700 | +125.1% |
| Financial income | 75/76B | €1,144 | - | -€1,144 | |
| Recurring financial income | 75 | €1,144 | - | -€1,144 | |
| Financial charges | 65/66B | €1,688 | €2,397 | +€710 | +42.0% |
| Recurring financial charges | 65 | €1,688 | €2,397 | +€710 | +42.0% |
| Profit (loss) for the period before taxes | 9903 | €14,402 | €31,248 | +€16,847 | +117.0% |
| Income taxes | 67/77 | €4,000 | €6,022 | +€2,022 | +50.6% |
| Profit (loss) for the period | 9904 | €10,402 | €25,226 | +€14,824 | +142.5% |
| Profit (loss) for the period to be appropriated | 9905 | €10,402 | €25,226 | +€14,824 | +142.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.