Medeklinker: 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.
Medeklinker
Largest movements
- Cash +€6,922
up €6,922 (+20.7%), from €33,519 to €40,441
mainly Net result for the year (+€23,467) and Depreciation (+€3,587)
- Tangible fixed assets +€5,650
up €5,650 (+68.2%), from €8,279 to €13,929
of which Other tangible fixed assets: +€4,179
- Deferred charges and accrued income +€714
up €714 (+56.5%), from €1,265 to €1,979
- Reserves +€19,600
new in 2025: €19,600
- Trade debts -€10,831
down €10,831 (-37.7%), from €28,710 to €17,879
- Profit (loss) carried forward +€3,867
up €3,867, from -€3,781 to €86
- Gross operating margin +€31,470
up €31,470 (+2,049%), from €1,536 to €33,006
- Taxes +€4,589
new in 2025: €4,589
- Financial charges +€866
up €866 (+1,400%), from €62 to €928
- Other operating charges -€759
down €759 (-62.5%), from €1,214 to €455
- Depreciation -€453
down €453 (-11.2%), from €4,041 to €3,587
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.
Derived cash bridge
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 | €58,432 | €71,293 | +€12,861 | +22.0% |
| Fixed assets | 21/28 | €8,564 | €14,214 | +€5,650 | +66.0% |
| Tangible fixed assets | 22/27 | €8,279 | €13,929 | +€5,650 | +68.2% |
| Plant, machinery and equipment | 23 | €7,868 | €7,574 | -€295 | -3.7% |
| Furniture and vehicles | 24 | €411 | €2,177 | +€1,765 | +429% |
| Other tangible fixed assets | 26 | - | €4,179 | +€4,179 | |
| Financial fixed assets | 28 | €285 | €285 | = | 0.0% |
| Current assets | 29/58 | €49,868 | €57,079 | +€7,211 | +14.5% |
| Amounts receivable within one year | 40/41 | €15,084 | €14,659 | -€425 | -2.8% |
| Trade receivables | 40 | €4,340 | €6,355 | +€2,015 | +46.4% |
| Other amounts receivable | 41 | €10,744 | €8,304 | -€2,441 | -22.7% |
| Cash at bank and in hand | 54/58 | €33,519 | €40,441 | +€6,922 | +20.7% |
| Deferred charges and accrued income | 490/1 | €1,265 | €1,979 | +€714 | +56.5% |
| Total equity and liabilities | 10/49 | €58,432 | €71,293 | +€12,861 | +22.0% |
| Equity | 10/15 | €2,219 | €25,686 | +€23,467 | +1,057% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | - | €19,600 | +€19,600 | |
| Distributable reserves | 133 | - | €19,600 | +€19,600 | |
| Profit (loss) carried forward | 14 | -€3,781 | €86 | +€3,867 | |
| Amounts payable | 17/49 | €56,213 | €45,606 | -€10,606 | -18.9% |
| Amounts payable within one year | 42/48 | €56,213 | €45,606 | -€10,606 | -18.9% |
| Trade debts | 44 | €28,710 | €17,879 | -€10,831 | -37.7% |
| Suppliers | 440/4 | €28,710 | €17,879 | -€10,831 | -37.7% |
| Advances received on contracts in progress | 46 | €818 | €191 | -€627 | -76.7% |
| Taxes, remuneration and social security | 45 | - | €256 | +€256 | |
| Taxes | 450/3 | - | €256 | +€256 | |
| Other amounts payable | 47/48 | €26,685 | €27,281 | +€597 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,041 | €3,587 | -€453 | -11.2% |
| Other operating charges | 640/8 | €1,214 | €455 | -€759 | -62.5% |
| Gross operating margin | 9900 | €1,536 | €33,006 | +€31,470 | +2,049% |
| Operating profit (loss) | 9901 | -€3,719 | €28,964 | +€32,683 | |
| Financial income | 75/76B | - | €20 | +€20 | |
| Recurring financial income | 75 | - | €20 | +€20 | |
| Financial charges | 65/66B | €62 | €928 | +€866 | +1,400% |
| Recurring financial charges | 65 | €62 | €928 | +€866 | +1,400% |
| Profit (loss) for the period before taxes | 9903 | -€3,781 | €28,056 | +€31,837 | |
| Income taxes | 67/77 | - | €4,589 | +€4,589 | |
| Profit (loss) for the period | 9904 | -€3,781 | €23,467 | +€27,248 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,781 | €23,467 | +€27,248 |
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 14 October 2026 via checked.be.