MEDAREL IMMO: 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.
MEDAREL IMMO
Largest movements
- Tangible fixed assets -€30,277
down €30,277 (-3.0%), from €997,964 to €967,687
- Debts after one year -€41,140
down €41,140 (-6.9%), from €595,663 to €554,523
- Profit (loss) carried forward +€20,793
up €20,793 (+43.3%), from €48,020 to €68,813
- Gross operating margin -€12,022
down €12,022 (-13.5%), from €89,184 to €77,162
- Taxes -€4,659
down €4,659 (-47.3%), from €9,857 to €5,198
- Depreciation +€1,447
up €1,447 (+5.0%), from €28,831 to €30,278
- Financial charges -€1,113
down €1,113 (-6.1%), from €18,284 to €17,171
- Other operating charges +€1,081
up €1,081 (+40.9%), from €2,642 to €3,723
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 | €1,014,825 | €992,800 | -€22,025 | -2.2% |
| Fixed assets | 21/28 | €997,964 | €967,687 | -€30,277 | -3.0% |
| Tangible fixed assets | 22/27 | €997,964 | €967,687 | -€30,277 | -3.0% |
| Land and buildings | 22 | €997,964 | €967,687 | -€30,277 | -3.0% |
| Current assets | 29/58 | €16,861 | €25,113 | +€8,252 | +48.9% |
| Cash at bank and in hand | 54/58 | €15,388 | €23,400 | +€8,012 | +52.1% |
| Deferred charges and accrued income | 490/1 | €1,473 | €1,713 | +€240 | +16.3% |
| Total equity and liabilities | 10/49 | €1,014,825 | €992,800 | -€22,025 | -2.2% |
| Equity | 10/15 | €348,020 | €368,813 | +€20,793 | +6.0% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,020 | €68,813 | +€20,793 | +43.3% |
| Amounts payable | 17/49 | €666,805 | €623,987 | -€42,818 | -6.4% |
| Amounts payable after more than one year | 17 | €595,663 | €554,523 | -€41,140 | -6.9% |
| Financial debts | 170/4 | €595,663 | €554,523 | -€41,140 | -6.9% |
| Amounts payable within one year | 42/48 | €66,326 | €64,714 | -€1,612 | -2.4% |
| Current portion of amounts payable after more than one year | 42 | €40,025 | €41,139 | +€1,114 | +2.8% |
| Trade debts | 44 | - | €1,931 | +€1,931 | |
| Suppliers | 440/4 | - | €1,931 | +€1,931 | |
| Taxes, remuneration and social security | 45 | €9,856 | €5,198 | -€4,658 | -47.3% |
| Taxes | 450/3 | €9,856 | €5,198 | -€4,658 | -47.3% |
| Other amounts payable | 47/48 | €16,445 | €16,445 | -€0 | 0.0% |
| Accrued charges and deferred income | 492/3 | €4,816 | €4,750 | -€66 | -1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,831 | €30,278 | +€1,447 | +5.0% |
| Other operating charges | 640/8 | €2,642 | €3,723 | +€1,081 | +40.9% |
| Gross operating margin | 9900 | €89,184 | €77,162 | -€12,022 | -13.5% |
| Operating profit (loss) | 9901 | €57,711 | €43,161 | -€14,550 | -25.2% |
| Financial charges | 65/66B | €18,284 | €17,171 | -€1,113 | -6.1% |
| Recurring financial charges | 65 | €18,284 | €17,171 | -€1,113 | -6.1% |
| Profit (loss) for the period before taxes | 9903 | €39,427 | €25,990 | -€13,437 | -34.1% |
| Income taxes | 67/77 | €9,857 | €5,198 | -€4,659 | -47.3% |
| Profit (loss) for the period | 9904 | €29,570 | €20,792 | -€8,778 | -29.7% |
| Profit (loss) for the period to be appropriated | 9905 | €29,570 | €20,792 | -€8,778 | -29.7% |
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 23 October 2026 via checked.be.