MEDAXA: 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.
MEDAXA
Largest movements
- Deferred charges and accrued income +€4,030
up €4,030 (+265.5%), from €1,518 to €5,548
- Cash +€3,392
up €3,392 (+8.7%), from €39,011 to €42,404
mainly Net result for the year (+€6,848) and Other debts (+€5,032)
- Tangible fixed assets -€2,833
down €2,833 (-36.6%), from €7,749 to €4,916
- Receivables within one year +€2,172
up €2,172 (+39.5%), from €5,499 to €7,671
- Other debts +€5,032
new in 2025: €5,032
- Reserves +€1,466
up €1,466 (+3.6%), from €40,200 to €41,665
- Gross operating margin -€2,107
down €2,107 (-13.8%), from €15,218 to €13,111
- Depreciation +€2,082
up €2,082 (+277.3%), from €751 to €2,833
- Taxes -€1,180
down €1,180 (-29.3%), from €4,023 to €2,842
- Financial income -€298
down €298 (-75.6%), from €394 to €96
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 | €53,778 | €60,539 | +€6,761 | +12.6% |
| Fixed assets | 21/28 | €7,749 | €4,916 | -€2,833 | -36.6% |
| Tangible fixed assets | 22/27 | €7,749 | €4,916 | -€2,833 | -36.6% |
| Furniture and vehicles | 24 | €7,749 | €4,916 | -€2,833 | -36.6% |
| Current assets | 29/58 | €46,029 | €55,623 | +€9,594 | +20.8% |
| Amounts receivable within one year | 40/41 | €5,499 | €7,671 | +€2,172 | +39.5% |
| Other amounts receivable | 41 | €5,499 | €7,671 | +€2,172 | +39.5% |
| Cash at bank and in hand | 54/58 | €39,011 | €42,404 | +€3,392 | +8.7% |
| Deferred charges and accrued income | 490/1 | €1,518 | €5,548 | +€4,030 | +265.5% |
| Total equity and liabilities | 10/49 | €53,778 | €60,539 | +€6,761 | +12.6% |
| Equity | 10/15 | €52,600 | €54,065 | +€1,466 | +2.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €40,200 | €41,665 | +€1,466 | +3.6% |
| Distributable reserves | 133 | €40,200 | €41,665 | +€1,466 | +3.6% |
| Amounts payable | 17/49 | €1,178 | €6,474 | +€5,295 | +449.4% |
| Amounts payable within one year | 42/48 | €1,178 | €6,474 | +€5,295 | +449.4% |
| Trade debts | 44 | €1,178 | €1,091 | -€87 | -7.4% |
| Suppliers | 440/4 | €1,178 | €1,091 | -€87 | -7.4% |
| Taxes, remuneration and social security | 45 | - | €350 | +€350 | |
| Taxes | 450/3 | - | €350 | +€350 | |
| Other amounts payable | 47/48 | - | €5,032 | +€5,032 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €751 | €2,833 | +€2,082 | +277.3% |
| Other operating charges | 640/8 | €430 | €527 | +€97 | +22.7% |
| Gross operating margin | 9900 | €15,218 | €13,111 | -€2,107 | -13.8% |
| Operating profit (loss) | 9901 | €14,038 | €9,751 | -€4,287 | -30.5% |
| Financial income | 75/76B | €394 | €96 | -€298 | -75.6% |
| Recurring financial income | 75 | €394 | €96 | -€298 | -75.6% |
| Financial charges | 65/66B | €153 | €157 | +€5 | +3.1% |
| Recurring financial charges | 65 | €153 | €157 | +€5 | +3.1% |
| Profit (loss) for the period before taxes | 9903 | €14,279 | €9,690 | -€4,589 | -32.1% |
| Income taxes | 67/77 | €4,023 | €2,842 | -€1,180 | -29.3% |
| Profit (loss) for the period | 9904 | €10,257 | €6,848 | -€3,409 | -33.2% |
| Profit (loss) for the period to be appropriated | 9905 | €10,257 | €6,848 | -€3,409 | -33.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.