MEDANE: 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.
MEDANE
Largest movements
- Cash +€112,597
up €112,597 (+123.1%), from €91,480 to €204,077
mainly Net result for the year (+€277,542) and Depreciation (+€9,752)
- Receivables within one year +€63,931
up €63,931 (+40.2%), from €158,860 to €222,791
of which Trade receivables: +€51,601
- Current investments +€34,800
up €34,800 (+6.9%), from €505,200 to €540,000
- Tangible fixed assets -€9,752
down €9,752 (-56.7%), from €17,189 to €7,436
- Profit (loss) carried forward +€277,542
up €277,542 (+47.6%), from €583,018 to €860,561
- Tax, wage and social debts -€81,247
down €81,247 (-45.1%), from €180,221 to €98,974
of which Taxes: -€81,248
- Financial charges +€142,456
up €142,456 (+84059.5%), from €169 to €142,625
- Gross operating margin +€80,598
up €80,598 (+19.0%), from €425,157 to €505,754
- Taxes -€13,810
down €13,810 (-13.7%), from €100,985 to €87,175
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 | €772,972 | €974,562 | +€201,590 | +26.1% |
| Fixed assets | 21/28 | €17,189 | €7,436 | -€9,752 | -56.7% |
| Tangible fixed assets | 22/27 | €17,189 | €7,436 | -€9,752 | -56.7% |
| Furniture and vehicles | 24 | €17,189 | €7,436 | -€9,752 | -56.7% |
| Current assets | 29/58 | €755,783 | €967,126 | +€211,342 | +28.0% |
| Amounts receivable within one year | 40/41 | €158,860 | €222,791 | +€63,931 | +40.2% |
| Trade receivables | 40 | €158,860 | €210,462 | +€51,601 | +32.5% |
| Other amounts receivable | 41 | - | €12,330 | +€12,330 | |
| Current investments | 50/53 | €505,200 | €540,000 | +€34,800 | +6.9% |
| Cash at bank and in hand | 54/58 | €91,480 | €204,077 | +€112,597 | +123.1% |
| Deferred charges and accrued income | 490/1 | €243 | €258 | +€14 | +5.9% |
| Total equity and liabilities | 10/49 | €772,972 | €974,562 | +€201,590 | +26.1% |
| Equity | 10/15 | €586,018 | €863,561 | +€277,542 | +47.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €583,018 | €860,561 | +€277,542 | +47.6% |
| Amounts payable | 17/49 | €186,954 | €111,001 | -€75,952 | -40.6% |
| Amounts payable within one year | 42/48 | €186,954 | €111,001 | -€75,952 | -40.6% |
| Trade debts | 44 | €369 | €9,300 | +€8,931 | +2420.8% |
| Suppliers | 440/4 | €369 | €9,300 | +€8,931 | +2420.8% |
| Taxes, remuneration and social security | 45 | €180,221 | €98,974 | -€81,247 | -45.1% |
| Taxes | 450/3 | €180,221 | €98,973 | -€81,248 | -45.1% |
| Remuneration and social security | 454/9 | - | €1 | +€1 | |
| Other amounts payable | 47/48 | €6,364 | €2,727 | -€3,637 | -57.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,717 | €9,752 | +€36 | +0.4% |
| Other operating charges | 640/8 | €261 | €340 | +€79 | +30.2% |
| Gross operating margin | 9900 | €425,157 | €505,754 | +€80,598 | +19.0% |
| Operating profit (loss) | 9901 | €415,179 | €495,662 | +€80,483 | +19.4% |
| Financial income | 75/76B | €6,705 | €11,680 | +€4,975 | +74.2% |
| Recurring financial income | 75 | €6,705 | €11,680 | +€4,975 | +74.2% |
| Financial charges | 65/66B | €169 | €142,625 | +€142,456 | +84059.5% |
| Recurring financial charges | 65 | €169 | €142,625 | +€142,456 | +84059.5% |
| Profit (loss) for the period before taxes | 9903 | €421,715 | €364,717 | -€56,998 | -13.5% |
| Income taxes | 67/77 | €100,985 | €87,175 | -€13,810 | -13.7% |
| Profit (loss) for the period | 9904 | €320,730 | €277,542 | -€43,188 | -13.5% |
| Profit (loss) for the period to be appropriated | 9905 | €320,730 | €277,542 | -€43,188 | -13.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.