MEDANO: 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.
MEDANO
Largest movements
- Receivables within one year -€19,481
down €19,481 (-46.7%), from €41,743 to €22,262
of which Trade receivables: -€14,641
- Tangible fixed assets -€11,558
down €11,558 (-77.5%), from €14,921 to €3,363
of which Furniture and vehicles: -€11,558
- Stocks and contracts -€1,188
down €1,188 (-100.0%), from €1,188 to €0
- Profit (loss) carried forward -€11,772
down €11,772 (-89.0%), from €13,226 to €1,455
- Tax, wage and social debts -€6,714
down €6,714 (-38.3%), from €17,528 to €10,815
of which Remuneration and social security: -€7,475
- Current portion of long-term debt -€6,085
down €6,085 (-58.5%), from €10,407 to €4,322
- Debts after one year -€4,322
down €4,322 (-100.0%), from €4,322 to €0
- Trade debts -€3,115
down €3,115 (-49.0%), from €6,354 to €3,239
- Gross operating margin +€3,013
up €3,013 (+9.5%), from €31,619 to €34,633
- Taxes +€1,087
up €1,087 (+20.0%), from €5,445 to €6,531
- Financial income +€369
up €369 (+43.9%), from €841 to €1,210
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 | €59,284 | €27,276 | -€32,008 | -54.0% |
| Fixed assets | 21/28 | €14,921 | €3,363 | -€11,558 | -77.5% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €14,921 | €3,363 | -€11,558 | -77.5% |
| Furniture and vehicles | 24 | €14,921 | €3,363 | -€11,558 | -77.5% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €44,362 | €23,912 | -€20,450 | -46.1% |
| Stocks and contracts in progress | 3 | €1,188 | €0 | -€1,188 | -100.0% |
| Stocks | 30/36 | €1,188 | €0 | -€1,188 | -100.0% |
| Amounts receivable within one year | 40/41 | €41,743 | €22,262 | -€19,481 | -46.7% |
| Trade receivables | 40 | €14,641 | €0 | -€14,641 | -100.0% |
| Other amounts receivable | 41 | €27,102 | €22,262 | -€4,840 | -17.9% |
| Cash at bank and in hand | 54/58 | €924 | €1,354 | +€429 | +46.5% |
| Deferred charges and accrued income | 490/1 | €507 | €297 | -€210 | -41.5% |
| Total equity and liabilities | 10/49 | €59,284 | €27,276 | -€32,008 | -54.0% |
| Equity | 10/15 | €19,832 | €8,060 | -€11,772 | -59.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €405 | €405 | = | 0.0% |
| Non-distributable reserves | 130/1 | €405 | €0 | -€405 | -100.0% |
| Reserves not available under the articles | 1311 | €405 | €0 | -€405 | -100.0% |
| Distributable reserves | 133 | - | €405 | +€405 | |
| Profit (loss) carried forward | 14 | €13,226 | €1,455 | -€11,772 | -89.0% |
| Amounts payable | 17/49 | €39,452 | €19,216 | -€20,236 | -51.3% |
| Amounts payable after more than one year | 17 | €4,322 | €0 | -€4,322 | -100.0% |
| Financial debts | 170/4 | €4,322 | €0 | -€4,322 | -100.0% |
| Amounts payable within one year | 42/48 | €34,290 | €18,376 | -€15,914 | -46.4% |
| Current portion of amounts payable after more than one year | 42 | €10,407 | €4,322 | -€6,085 | -58.5% |
| Trade debts | 44 | €6,354 | €3,239 | -€3,115 | -49.0% |
| Suppliers | 440/4 | €6,354 | €3,239 | -€3,115 | -49.0% |
| Taxes, remuneration and social security | 45 | €17,528 | €10,815 | -€6,714 | -38.3% |
| Taxes | 450/3 | €10,053 | €10,815 | +€761 | +7.6% |
| Remuneration and social security | 454/9 | €7,475 | €0 | -€7,475 | -100.0% |
| Other amounts payable | 47/48 | €0 | €0 | = | |
| Accrued charges and deferred income | 492/3 | €840 | €840 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €0 | €156 | +€156 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,709 | €11,558 | -€151 | -1.3% |
| Other operating charges | 640/8 | €1,075 | €1,111 | +€35 | +3.3% |
| Gross operating margin | 9900 | €31,619 | €34,633 | +€3,013 | +9.5% |
| Operating profit (loss) | 9901 | €18,835 | €21,808 | +€2,973 | +15.8% |
| Financial income | 75/76B | €841 | €1,210 | +€369 | +43.9% |
| Recurring financial income | 75 | €841 | €1,210 | +€369 | +43.9% |
| Financial charges | 65/66B | €1,012 | €759 | -€253 | -25.0% |
| Recurring financial charges | 65 | €1,012 | €759 | -€253 | -25.0% |
| Profit (loss) for the period before taxes | 9903 | €18,664 | €22,260 | +€3,596 | +19.3% |
| Income taxes | 67/77 | €5,445 | €6,531 | +€1,087 | +20.0% |
| Profit (loss) for the period | 9904 | €13,219 | €15,728 | +€2,509 | +19.0% |
| Profit (loss) for the period to be appropriated | 9905 | €13,219 | €15,728 | +€2,509 | +19.0% |
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 11 October 2026 via checked.be.