Medeca: what changed
Two financial 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.
Medeca
Largest movements
- Financial fixed assets +€10.8m
new in 2025: €10.8m
- Contributions +€5.4m
up €5.4m (+537500.0%), from €1,000 to €5.4m
- Debts after one year +€5.3m
up €5.3m (+6934.6%), from €77,000 to €5.4m
- Financial charges +€117,567
up €117,567 (+113415.6%), from €104 to €117,670
- Gross operating margin +€52,101
up €52,101 (+46.3%), from €112,532 to €164,633
- Depreciation +€16,237
up €16,237 (+322.3%), from €5,038 to €21,275
- Taxes -€13,735
down €13,735 (-54.4%), from €25,245 to €11,510
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 | €189,322 | €11,067,606 | +€10.9m | +5745.9% |
| Fixed assets | 21/28 | €99,702 | €10,828,427 | +€10.7m | +10760.8% |
| Tangible fixed assets | 22/27 | €99,702 | €78,427 | -€21,275 | -21.3% |
| Plant, machinery and equipment | 23 | €1,863 | €1,045 | -€817 | -43.9% |
| Furniture and vehicles | 24 | €97,839 | €77,381 | -€20,458 | -20.9% |
| Financial fixed assets | 28 | - | €10,750,000 | +€10.8m | |
| Current assets | 29/58 | €89,621 | €239,179 | +€149,558 | +166.9% |
| Amounts receivable within one year | 40/41 | €28,168 | €93,694 | +€65,526 | +232.6% |
| Trade receivables | 40 | - | €2,239 | +€2,239 | |
| Other amounts receivable | 41 | €28,168 | €91,455 | +€63,287 | +224.7% |
| Cash at bank and in hand | 54/58 | €58,473 | €142,695 | +€84,223 | +144.0% |
| Deferred charges and accrued income | 490/1 | €2,980 | €2,790 | -€191 | -6.4% |
| Total equity and liabilities | 10/49 | €189,322 | €11,067,606 | +€10.9m | +5745.9% |
| Equity | 10/15 | €75,898 | €5,464,948 | +€5.4m | +7100.4% |
| Contributions | 10/11 | €1,000 | €5,376,000 | +€5.4m | +537500.0% |
| Reserves | 13 | €74,898 | €88,948 | +€14,050 | +18.8% |
| Distributable reserves | 133 | €74,898 | €88,948 | +€14,050 | +18.8% |
| Amounts payable | 17/49 | €113,424 | €5,602,657 | +€5.5m | +4839.6% |
| Amounts payable after more than one year | 17 | €77,000 | €5,416,619 | +€5.3m | +6934.6% |
| Financial debts | 170/4 | €77,000 | €5,416,619 | +€5.3m | +6934.6% |
| Amounts payable within one year | 42/48 | €36,424 | €105,778 | +€69,354 | +190.4% |
| Current portion of amounts payable after more than one year | 42 | - | €18,793 | +€18,793 | |
| Trade debts | 44 | €1,413 | €3,523 | +€2,110 | +149.4% |
| Suppliers | 440/4 | €1,413 | €3,523 | +€2,110 | +149.4% |
| Taxes, remuneration and social security | 45 | €29,058 | €83,462 | +€54,404 | +187.2% |
| Taxes | 450/3 | €29,058 | €83,462 | +€54,404 | +187.2% |
| Other amounts payable | 47/48 | €5,953 | - | -€5,953 | |
| Accrued charges and deferred income | 492/3 | - | €80,260 | +€80,260 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,038 | €21,275 | +€16,237 | +322.3% |
| Other operating charges | 640/8 | €126 | €128 | +€2 | +1.6% |
| Gross operating margin | 9900 | €112,532 | €164,633 | +€52,101 | +46.3% |
| Operating profit (loss) | 9901 | €107,367 | €143,230 | +€35,863 | +33.4% |
| Financial charges | 65/66B | €104 | €117,670 | +€117,567 | +113415.6% |
| Recurring financial charges | 65 | €104 | €117,670 | +€117,567 | +113415.6% |
| Profit (loss) for the period before taxes | 9903 | €107,264 | €25,560 | -€81,704 | -76.2% |
| Income taxes | 67/77 | €25,245 | €11,510 | -€13,735 | -54.4% |
| Profit (loss) for the period | 9904 | €82,019 | €14,050 | -€67,969 | -82.9% |
| Profit (loss) for the period to be appropriated | 9905 | €82,019 | €14,050 | -€67,969 | -82.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.