MEDARTE: 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.
MEDARTE
Largest movements
- Cash -€27,358
down €27,358 (-83.6%), from €32,737 to €5,379
mainly Receivables within one year (-€25,132) and Investment in fixed assets (net) (-€8,314)
- Receivables within one year +€25,132
up €25,132 (+1,584%), from €1,587 to €26,719
of which Other amounts receivable: +€14,947
- Tangible fixed assets +€6,643
up €6,643 (+164%), from €4,049 to €10,691
of which Land and buildings: +€6,999
- Deferred charges and accrued income -€5,110
down €5,110 (-81.0%), from €6,305 to €1,195
- Tax, wage and social debts -€2,994
down €2,994 (-38.6%), from €7,756 to €4,762
- Profit (loss) carried forward +€1,258
up €1,258 (+8.5%), from €14,847 to €16,104
- Accrued charges and deferred income +€999
up €999 (+112,260%), from €1 to €1,000
- Gross operating margin -€15,797
down €15,797 (-74.7%), from €21,145 to €5,348
- Taxes -€2,994
down €2,994 (-61.0%), from €4,906 to €1,912
- Depreciation +€1,157
up €1,157 (+225%), from €514 to €1,672
- Other operating charges -€287
down €287 (-50.1%), from €573 to €286
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 | €44,677 | €44,234 | -€443 | -1.0% |
| Fixed assets | 21/28 | €4,049 | €10,691 | +€6,643 | +164% |
| Tangible fixed assets | 22/27 | €4,049 | €10,691 | +€6,643 | +164% |
| Land and buildings | 22 | €3,248 | €10,247 | +€6,999 | +215% |
| Plant, machinery and equipment | 23 | €800 | €444 | -€357 | -44.6% |
| Current assets | 29/58 | €40,629 | €33,543 | -€7,086 | -17.4% |
| Stocks and contracts in progress | 3 | - | €250 | +€250 | |
| Stocks | 30/36 | - | €250 | +€250 | |
| Amounts receivable within one year | 40/41 | €1,587 | €26,719 | +€25,132 | +1,584% |
| Trade receivables | 40 | - | €10,185 | +€10,185 | |
| Other amounts receivable | 41 | €1,587 | €16,534 | +€14,947 | +942% |
| Cash at bank and in hand | 54/58 | €32,737 | €5,379 | -€27,358 | -83.6% |
| Deferred charges and accrued income | 490/1 | €6,305 | €1,195 | -€5,110 | -81.0% |
| Total equity and liabilities | 10/49 | €44,677 | €44,234 | -€443 | -1.0% |
| Equity | 10/15 | €34,847 | €36,104 | +€1,258 | +3.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,847 | €16,104 | +€1,258 | +8.5% |
| Amounts payable | 17/49 | €9,831 | €8,130 | -€1,701 | -17.3% |
| Amounts payable within one year | 42/48 | €9,830 | €7,130 | -€2,700 | -27.5% |
| Trade debts | 44 | €1,840 | €1,996 | +€156 | +8.5% |
| Suppliers | 440/4 | €1,840 | €1,996 | +€156 | +8.5% |
| Taxes, remuneration and social security | 45 | €7,756 | €4,762 | -€2,994 | -38.6% |
| Taxes | 450/3 | €7,756 | €4,762 | -€2,994 | -38.6% |
| Other amounts payable | 47/48 | €234 | €371 | +€138 | +58.9% |
| Accrued charges and deferred income | 492/3 | €1 | €1,000 | +€999 | +112,260% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €514 | €1,672 | +€1,157 | +225% |
| Other operating charges | 640/8 | €573 | €286 | -€287 | -50.1% |
| Gross operating margin | 9900 | €21,145 | €5,348 | -€15,797 | -74.7% |
| Operating profit (loss) | 9901 | €20,057 | €3,391 | -€16,667 | -83.1% |
| Financial charges | 65/66B | €305 | €221 | -€84 | -27.5% |
| Recurring financial charges | 65 | €305 | €221 | -€84 | -27.5% |
| Profit (loss) for the period before taxes | 9903 | €19,753 | €3,170 | -€16,583 | -84.0% |
| Income taxes | 67/77 | €4,906 | €1,912 | -€2,994 | -61.0% |
| Profit (loss) for the period | 9904 | €14,847 | €1,258 | -€13,589 | -91.5% |
| Profit (loss) for the period to be appropriated | 9905 | €14,847 | €1,258 | -€13,589 | -91.5% |
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 14 October 2026 via checked.be.