MEDDET: 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.
MEDDET
Largest movements
- Financial fixed assets -€1.8m
down €1.8m (-99.6%), from €1.8m to €6,353
- Receivables after one year -€1.7m
down €1.7m (-73.5%), from €2.4m to €630,780
- Tangible fixed assets +€210,033
up €210,033 (+55.2%), from €380,762 to €590,794
of which Plant, machinery and equipment: +€232,949
- Receivables within one year +€79,034
up €79,034 (+2.8%), from €2.9m to €2.9m
of which Other amounts receivable: +€79,034
- Debts after one year -€3.5m
down €3.5m (-43.2%), from €8.2m to €4.6m
- Profit (loss) carried forward +€303,738
up €303,738 (+16.0%), from -€1.9m to -€1.6m
- Financial income -€80,818
down €80,818 (-19.9%), from €405,957 to €325,138
- Gross operating margin -€57,643
down €57,643 (-38.8%), from €148,617 to €90,974
- Financial charges -€20,108
down €20,108 (-25.5%), from €78,909 to €58,801
- Depreciation +€18,072
up €18,072 (+72.6%), from €24,897 to €42,969
- Taxes -€2,886
down €2,886 (-51.7%), from €5,583 to €2,697
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 | €7,404,622 | €4,175,197 | -€3.2m | -43.6% |
| Fixed assets | 21/28 | €2,153,435 | €597,147 | -€1.6m | -72.3% |
| Tangible fixed assets | 22/27 | €380,762 | €590,794 | +€210,033 | +55.2% |
| Land and buildings | 22 | €379,522 | €356,605 | -€22,917 | -6.0% |
| Plant, machinery and equipment | 23 | €1,240 | €234,189 | +€232,949 | +18792.1% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €1,772,673 | €6,353 | -€1.8m | -99.6% |
| Current assets | 29/58 | €5,251,187 | €3,578,050 | -€1.7m | -31.9% |
| Amounts receivable after more than one year | 29 | €2,375,842 | €630,780 | -€1.7m | -73.5% |
| Other amounts receivable | 291 | €2,375,842 | €630,780 | -€1.7m | -73.5% |
| Amounts receivable within one year | 40/41 | €2,863,954 | €2,942,988 | +€79,034 | +2.8% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €2,863,954 | €2,942,988 | +€79,034 | +2.8% |
| Cash at bank and in hand | 54/58 | €10,537 | €3,951 | -€6,587 | -62.5% |
| Deferred charges and accrued income | 490/1 | €854 | €331 | -€522 | -61.2% |
| Total equity and liabilities | 10/49 | €7,404,622 | €4,175,197 | -€3.2m | -43.6% |
| Equity | 10/15 | -€1,828,675 | -€1,524,937 | +€303,738 | +16.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,896,875 | -€1,593,137 | +€303,738 | +16.0% |
| Amounts payable | 17/49 | €9,233,298 | €5,700,134 | -€3.5m | -38.3% |
| Amounts payable after more than one year | 17 | €8,153,969 | €4,631,868 | -€3.5m | -43.2% |
| Financial debts | 170/4 | €8,153,969 | €4,631,868 | -€3.5m | -43.2% |
| Amounts payable within one year | 42/48 | €1,063,039 | €1,055,078 | -€7,961 | -0.7% |
| Financial debts | 43 | €957,616 | €960,451 | +€2,835 | +0.3% |
| Credit institutions | 430/8 | €957,616 | €960,451 | +€2,835 | +0.3% |
| Trade debts | 44 | €6,217 | €2,107 | -€4,110 | -66.1% |
| Suppliers | 440/4 | €6,217 | €2,107 | -€4,110 | -66.1% |
| Taxes, remuneration and social security | 45 | €8,770 | €4,689 | -€4,081 | -46.5% |
| Taxes | 450/3 | €8,770 | €4,689 | -€4,081 | -46.5% |
| Other amounts payable | 47/48 | €90,436 | €87,831 | -€2,604 | -2.9% |
| Accrued charges and deferred income | 492/3 | €16,290 | €13,188 | -€3,102 | -19.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,897 | €42,969 | +€18,072 | +72.6% |
| Other operating charges | 640/8 | €9,391 | €7,906 | -€1,484 | -15.8% |
| Gross operating margin | 9900 | €148,617 | €90,974 | -€57,643 | -38.8% |
| Operating profit (loss) | 9901 | €114,330 | €40,098 | -€74,231 | -64.9% |
| Financial income | 75/76B | €405,957 | €325,138 | -€80,818 | -19.9% |
| Recurring financial income | 75 | €405,957 | €325,138 | -€80,818 | -19.9% |
| Financial charges | 65/66B | €78,909 | €58,801 | -€20,108 | -25.5% |
| Recurring financial charges | 65 | €78,909 | €58,801 | -€20,108 | -25.5% |
| Profit (loss) for the period before taxes | 9903 | €441,378 | €306,435 | -€134,942 | -30.6% |
| Income taxes | 67/77 | €5,583 | €2,697 | -€2,886 | -51.7% |
| Profit (loss) for the period | 9904 | €435,795 | €303,738 | -€132,056 | -30.3% |
| Profit (loss) for the period to be appropriated | 9905 | €435,795 | €303,738 | -€132,056 | -30.3% |
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 6 October 2026 via checked.be.