MEDANGHEL: 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.
MEDANGHEL
Largest movements
- Intangible fixed assets -€19,000
down €19,000 (-15.4%), from €123,708 to €104,708
- Receivables within one year +€14,750
new in 2024: €14,750
- Deferred charges and accrued income -€6,840
down €6,840 (-67.5%), from €10,127 to €3,287
- Cash +€4,074
up €4,074 (+22.2%), from €18,325 to €22,399
mainly Other debts (+€30,012) and Depreciation (+€19,983)
- Other debts +€30,012
up €30,012 (+4702.4%), from €638 to €30,650
- Debts after one year -€27,883
down €27,883 (-35.2%), from €79,291 to €51,408
- Short-term financial debts +€15,000
new in 2024: €15,000
- Tax, wage and social debts -€13,140
down €13,140 (-31.4%), from €41,790 to €28,651
- Profit (loss) carried forward -€12,382
new in 2024: -€12,382
- Financial charges +€80,558
up €80,558 (+2357.9%), from €3,417 to €83,975
- Taxes -€14,390
down €14,390 (-98.3%), from €14,635 to €245
- Financial income -€2,792
no longer reported in 2024 (was €2,792)
- Depreciation -€1,064
down €1,064 (-5.1%), from €21,048 to €19,983
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €157,906 | €149,907 | -€7,999 | -5.1% |
| Fixed assets | 21/28 | €129,454 | €109,471 | -€19,983 | -15.4% |
| Intangible fixed assets | 21 | €123,708 | €104,708 | -€19,000 | -15.4% |
| Tangible fixed assets | 22/27 | €5,746 | €4,763 | -€983 | -17.1% |
| Plant, machinery and equipment | 23 | €5,293 | €4,610 | -€683 | -12.9% |
| Furniture and vehicles | 24 | €453 | €153 | -€300 | -66.2% |
| Current assets | 29/58 | €28,452 | €40,436 | +€11,984 | +42.1% |
| Amounts receivable within one year | 40/41 | - | €14,750 | +€14,750 | |
| Other amounts receivable | 41 | - | €14,750 | +€14,750 | |
| Cash at bank and in hand | 54/58 | €18,325 | €22,399 | +€4,074 | +22.2% |
| Deferred charges and accrued income | 490/1 | €10,127 | €3,287 | -€6,840 | -67.5% |
| Total equity and liabilities | 10/49 | €157,906 | €149,907 | -€7,999 | -5.1% |
| Equity | 10/15 | €4,000 | -€8,382 | -€12,382 | |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€12,382 | -€12,382 | |
| Amounts payable | 17/49 | €153,906 | €158,289 | +€4,383 | +2.8% |
| Amounts payable after more than one year | 17 | €79,291 | €51,408 | -€27,883 | -35.2% |
| Financial debts | 170/4 | €79,291 | €51,408 | -€27,883 | -35.2% |
| Amounts payable within one year | 42/48 | €74,615 | €106,881 | +€32,266 | +43.2% |
| Current portion of amounts payable after more than one year | 42 | €26,848 | €27,540 | +€692 | +2.6% |
| Financial debts | 43 | - | €15,000 | +€15,000 | |
| Credit institutions | 430/8 | - | €15,000 | +€15,000 | |
| Trade debts | 44 | €5,338 | €5,041 | -€298 | -5.6% |
| Suppliers | 440/4 | €5,338 | €5,041 | -€298 | -5.6% |
| Taxes, remuneration and social security | 45 | €41,790 | €28,651 | -€13,140 | -31.4% |
| Taxes | 450/3 | €41,790 | €28,651 | -€13,140 | -31.4% |
| Other amounts payable | 47/48 | €638 | €30,650 | +€30,012 | +4702.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,048 | €19,983 | -€1,064 | -5.1% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | €92,972 | €92,209 | -€763 | -0.8% |
| Operating profit (loss) | 9901 | €71,540 | €71,838 | +€298 | +0.4% |
| Financial income | 75/76B | €2,792 | - | -€2,792 | |
| Recurring financial income | 75 | €2,792 | - | -€2,792 | |
| Financial charges | 65/66B | €3,417 | €83,975 | +€80,558 | +2357.9% |
| Recurring financial charges | 65 | €3,417 | €83,975 | +€80,558 | +2357.9% |
| Profit (loss) for the period before taxes | 9903 | €70,915 | -€12,137 | -€83,052 | |
| Income taxes | 67/77 | €14,635 | €245 | -€14,390 | -98.3% |
| Profit (loss) for the period | 9904 | €56,280 | -€12,382 | -€68,662 | |
| Profit (loss) for the period to be appropriated | 9905 | €56,280 | -€12,382 | -€68,662 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.