Medebo: 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.
Medebo
Largest movements
- Cash +€120,137
up €120,137 (+48.2%), from €249,467 to €369,604
mainly Net result for the year (+€141,004) and Depreciation (+€4,220)
- Reserves +€141,004
up €141,004 (+5.9%), from €2.4m to €2.5m
of which Distributable reserves: +€141,004
- Financial income +€47,542
up €47,542 (+142.1%), from €33,453 to €80,996
- Gross operating margin -€30,122
down €30,122 (-15.7%), from €191,573 to €161,451
- Taxes +€10,296
up €10,296 (+16.0%), from €64,359 to €74,656
- Financial charges +€8,481
up €8,481 (+1706.2%), from €497 to €8,978
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 | €2,805,003 | €2,924,169 | +€119,166 | +4.2% |
| Fixed assets | 21/28 | €1,084,381 | €1,080,162 | -€4,220 | -0.4% |
| Tangible fixed assets | 22/27 | €170,478 | €166,259 | -€4,220 | -2.5% |
| Land and buildings | 22 | €164,981 | €163,136 | -€1,845 | -1.1% |
| Furniture and vehicles | 24 | €5,497 | €3,122 | -€2,374 | -43.2% |
| Financial fixed assets | 28 | €913,903 | €913,903 | = | 0.0% |
| Current assets | 29/58 | €1,720,622 | €1,844,008 | +€123,386 | +7.2% |
| Amounts receivable within one year | 40/41 | €315,396 | €321,781 | +€6,385 | +2.0% |
| Trade receivables | 40 | €4,755 | €748 | -€4,007 | -84.3% |
| Other amounts receivable | 41 | €310,641 | €321,033 | +€10,391 | +3.3% |
| Current investments | 50/53 | €1,149,625 | €1,149,589 | -€36 | 0.0% |
| Cash at bank and in hand | 54/58 | €249,467 | €369,604 | +€120,137 | +48.2% |
| Deferred charges and accrued income | 490/1 | €6,133 | €3,033 | -€3,100 | -50.5% |
| Total equity and liabilities | 10/49 | €2,805,003 | €2,924,169 | +€119,166 | +4.2% |
| Equity | 10/15 | €2,396,710 | €2,537,714 | +€141,004 | +5.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,378,110 | €2,519,114 | +€141,004 | +5.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €93,383 | €93,383 | = | 0.0% |
| Distributable reserves | 133 | €2,282,868 | €2,423,871 | +€141,004 | +6.2% |
| Amounts payable | 17/49 | €408,293 | €386,455 | -€21,838 | -5.3% |
| Amounts payable within one year | 42/48 | €408,293 | €386,455 | -€21,838 | -5.3% |
| Trade debts | 44 | €5,642 | €3,514 | -€2,128 | -37.7% |
| Suppliers | 440/4 | €5,642 | €3,514 | -€2,128 | -37.7% |
| Taxes, remuneration and social security | 45 | €31,649 | €11,757 | -€19,892 | -62.9% |
| Taxes | 450/3 | €30,000 | €10,114 | -€19,886 | -66.3% |
| Remuneration and social security | 454/9 | €1,649 | €1,643 | -€6 | -0.3% |
| Other amounts payable | 47/48 | €371,002 | €371,184 | +€182 | 0.0% |
| Remuneration, social security and pensions | 62 | €10,584 | €11,417 | +€832 | +7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,281 | €4,220 | -€1,061 | -20.1% |
| Other operating charges | 640/8 | €2,397 | €2,173 | -€224 | -9.3% |
| Gross operating margin | 9900 | €191,573 | €161,451 | -€30,122 | -15.7% |
| Operating profit (loss) | 9901 | €173,311 | €143,642 | -€29,669 | -17.1% |
| Financial income | 75/76B | €33,453 | €80,996 | +€47,542 | +142.1% |
| Recurring financial income | 75 | €33,453 | €80,996 | +€47,542 | +142.1% |
| Financial charges | 65/66B | €497 | €8,978 | +€8,481 | +1706.2% |
| Recurring financial charges | 65 | €497 | €8,978 | +€8,481 | +1706.2% |
| Profit (loss) for the period before taxes | 9903 | €206,267 | €215,660 | +€9,392 | +4.6% |
| Income taxes | 67/77 | €64,359 | €74,656 | +€10,296 | +16.0% |
| Profit (loss) for the period | 9904 | €141,908 | €141,004 | -€904 | -0.6% |
| Transfer from tax-exempt reserves | 789 | €75,780 | - | -€75,780 | |
| Profit (loss) for the period to be appropriated | 9905 | €217,688 | €141,004 | -€76,684 | -35.2% |
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.