Medea.be: 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.
Medea.be
Largest movements
- Receivables within one year +€64,632
up €64,632 (+420.2%), from €15,381 to €80,013
of which Trade receivables: +€68,957
- Current investments -€54,000
down €54,000 (-65.9%), from €82,000 to €28,000
- Tangible fixed assets +€21,170
up €21,170 (+50.6%), from €41,832 to €63,002
of which Furniture and vehicles: +€29,578
- Cash -€5,521
down €5,521 (-89.6%), from €6,165 to €644
mainly Receivables within one year (-€64,632) and Investment in fixed assets (net) (-€32,422)
- Reserves +€33,275
up €33,275 (+35.9%), from €92,732 to €126,007
- Tax, wage and social debts -€18,438
down €18,438 (-59.7%), from €30,879 to €12,441
- Other debts +€14,907
new in 2025: €14,907
- Debts after one year -€5,427
down €5,427 (-28.6%), from €19,005 to €13,578
- Gross operating margin -€69,545
down €69,545 (-55.6%), from €125,014 to €55,469
- Taxes -€14,998
down €14,998 (-61.4%), from €24,428 to €9,430
- Depreciation +€4,899
up €4,899 (+77.1%), from €6,353 to €11,252
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 | €148,586 | €172,818 | +€24,232 | +16.3% |
| Fixed assets | 21/28 | €41,832 | €63,002 | +€21,170 | +50.6% |
| Tangible fixed assets | 22/27 | €41,832 | €63,002 | +€21,170 | +50.6% |
| Plant, machinery and equipment | 23 | €10,968 | €8,492 | -€2,476 | -22.6% |
| Furniture and vehicles | 24 | €912 | €30,490 | +€29,578 | +3243.2% |
| Leasing and similar rights | 25 | €29,952 | €24,020 | -€5,932 | -19.8% |
| Current assets | 29/58 | €106,754 | €109,816 | +€3,062 | +2.9% |
| Stocks and contracts in progress | 3 | €500 | - | -€500 | |
| Stocks | 30/36 | €500 | - | -€500 | |
| Amounts receivable within one year | 40/41 | €15,381 | €80,013 | +€64,632 | +420.2% |
| Trade receivables | 40 | €11,050 | €80,007 | +€68,957 | +624.0% |
| Other amounts receivable | 41 | €4,331 | €6 | -€4,325 | -99.9% |
| Current investments | 50/53 | €82,000 | €28,000 | -€54,000 | -65.9% |
| Cash at bank and in hand | 54/58 | €6,165 | €644 | -€5,521 | -89.6% |
| Deferred charges and accrued income | 490/1 | €2,708 | €1,159 | -€1,549 | -57.2% |
| Total equity and liabilities | 10/49 | €148,586 | €172,818 | +€24,232 | +16.3% |
| Equity | 10/15 | €92,733 | €126,008 | +€33,275 | +35.9% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €92,732 | €126,007 | +€33,275 | +35.9% |
| Distributable reserves | 133 | €92,732 | €126,007 | +€33,275 | +35.9% |
| Amounts payable | 17/49 | €55,853 | €46,810 | -€9,043 | -16.2% |
| Amounts payable after more than one year | 17 | €19,005 | €13,578 | -€5,427 | -28.6% |
| Financial debts | 170/4 | €19,005 | €13,578 | -€5,427 | -28.6% |
| Amounts payable within one year | 42/48 | €36,808 | €33,216 | -€3,592 | -9.8% |
| Current portion of amounts payable after more than one year | 42 | €5,135 | €5,427 | +€292 | +5.7% |
| Trade debts | 44 | €794 | €441 | -€353 | -44.5% |
| Suppliers | 440/4 | €794 | €441 | -€353 | -44.5% |
| Taxes, remuneration and social security | 45 | €30,879 | €12,441 | -€18,438 | -59.7% |
| Taxes | 450/3 | €30,879 | €12,441 | -€18,438 | -59.7% |
| Other amounts payable | 47/48 | - | €14,907 | +€14,907 | |
| Accrued charges and deferred income | 492/3 | €40 | €16 | -€24 | -60.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,353 | €11,252 | +€4,899 | +77.1% |
| Other operating charges | 640/8 | €559 | €592 | +€33 | +5.9% |
| Gross operating margin | 9900 | €125,014 | €55,469 | -€69,545 | -55.6% |
| Operating profit (loss) | 9901 | €118,102 | €43,625 | -€74,477 | -63.1% |
| Financial income | 75/76B | €545 | €631 | +€86 | +15.8% |
| Recurring financial income | 75 | €545 | €631 | +€86 | +15.8% |
| Financial charges | 65/66B | €1,486 | €1,551 | +€65 | +4.4% |
| Recurring financial charges | 65 | €1,486 | €1,551 | +€65 | +4.4% |
| Profit (loss) for the period before taxes | 9903 | €117,161 | €42,705 | -€74,456 | -63.6% |
| Income taxes | 67/77 | €24,428 | €9,430 | -€14,998 | -61.4% |
| Profit (loss) for the period | 9904 | €92,733 | €33,275 | -€59,458 | -64.1% |
| Profit (loss) for the period to be appropriated | 9905 | €92,733 | €33,275 | -€59,458 | -64.1% |
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.