MEDAS: 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.
MEDAS
Largest movements
- Receivables within one year -€28,819
down €28,819 (-81.7%), from €35,263 to €6,444
of which Trade receivables: -€35,263
- Cash -€11,868
down €11,868 (-12.8%), from €92,379 to €80,511
mainly Trade debts (-€27,785) and Investment in fixed assets (net) (-€6,700)
- Tangible fixed assets +€5,139
new in 2024: €5,139
of which Furniture and vehicles: +€4,000
- Trade debts -€27,785
down €27,785 (-67.3%), from €41,300 to €13,515
- Other debts -€4,500
down €4,500 (-22.5%), from €20,000 to €15,500
- Tax, wage and social debts -€2,450
no longer reported in 2024 (was €2,450)
- Gross operating margin -€17,460
down €17,460 (-57.5%), from €30,348 to €12,889
- Taxes +€2,967
up €2,967 (+37.2%), from €7,982 to €10,949
- Depreciation +€1,561
new in 2024: €1,561
- Other operating charges +€1,460
new in 2024: €1,460
- Staff costs +€413
no longer reported in 2024 (was -€413)
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 | €128,516 | €92,562 | -€35,954 | -28.0% |
| Fixed assets | 21/28 | €305 | €5,444 | +€5,139 | +1686.4% |
| Tangible fixed assets | 22/27 | - | €5,139 | +€5,139 | |
| Furniture and vehicles | 24 | - | €4,000 | +€4,000 | |
| Other tangible fixed assets | 26 | - | €1,139 | +€1,139 | |
| Financial fixed assets | 28 | €305 | €305 | = | 0.0% |
| Current assets | 29/58 | €128,211 | €87,119 | -€41,093 | -32.1% |
| Stocks and contracts in progress | 3 | €570 | €164 | -€406 | -71.3% |
| Stocks | 30/36 | €570 | €164 | -€406 | -71.3% |
| Amounts receivable within one year | 40/41 | €35,263 | €6,444 | -€28,819 | -81.7% |
| Trade receivables | 40 | €35,263 | - | -€35,263 | |
| Other amounts receivable | 41 | - | €6,444 | +€6,444 | |
| Cash at bank and in hand | 54/58 | €92,379 | €80,511 | -€11,868 | -12.8% |
| Total equity and liabilities | 10/49 | €128,516 | €92,562 | -€35,954 | -28.0% |
| Equity | 10/15 | €64,766 | €63,547 | -€1,218 | -1.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €694 | €694 | = | 0.0% |
| Non-distributable reserves | 130/1 | €694 | - | -€694 | |
| Legal reserve | 130 | €694 | - | -€694 | |
| Distributable reserves | 133 | - | €694 | +€694 | |
| Profit (loss) carried forward | 14 | €45,472 | €44,254 | -€1,218 | -2.7% |
| Amounts payable | 17/49 | €63,750 | €29,015 | -€34,735 | -54.5% |
| Amounts payable within one year | 42/48 | €63,750 | €29,015 | -€34,735 | -54.5% |
| Trade debts | 44 | €41,300 | €13,515 | -€27,785 | -67.3% |
| Suppliers | 440/4 | €41,300 | €13,515 | -€27,785 | -67.3% |
| Taxes, remuneration and social security | 45 | €2,450 | - | -€2,450 | |
| Taxes | 450/3 | €2,450 | - | -€2,450 | |
| Other amounts payable | 47/48 | €20,000 | €15,500 | -€4,500 | -22.5% |
| Remuneration, social security and pensions | 62 | -€413 | - | +€413 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,561 | +€1,561 | |
| Other operating charges | 640/8 | - | €1,460 | +€1,460 | |
| Gross operating margin | 9900 | €30,348 | €12,889 | -€17,460 | -57.5% |
| Operating profit (loss) | 9901 | €30,761 | €9,868 | -€20,893 | -67.9% |
| Financial income | 75/76B | €24 | - | -€24 | |
| Recurring financial income | 75 | €24 | - | -€24 | |
| Financial charges | 65/66B | €61 | €137 | +€76 | +124.6% |
| Recurring financial charges | 65 | €61 | €137 | +€76 | +124.6% |
| Profit (loss) for the period before taxes | 9903 | €30,724 | €9,731 | -€20,993 | -68.3% |
| Income taxes | 67/77 | €7,982 | €10,949 | +€2,967 | +37.2% |
| Profit (loss) for the period | 9904 | €22,742 | -€1,218 | -€23,960 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,742 | -€1,218 | -€23,960 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.