MEDELIOS: 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.
MEDELIOS
Largest movements
- Cash +€162,147
up €162,147 (+321.4%), from €50,446 to €212,593
mainly Net result for the year (+€212,587) and Tax, wage and social debts (+€51,855)
- Current investments +€100,000
new in 2025: €100,000
- Tangible fixed assets +€3,485
new in 2025: €3,485
- Profit (loss) carried forward +€212,587
up €212,587 (+409.9%), from €51,866 to €264,453
- Tax, wage and social debts +€51,855
up €51,855 (+291.6%), from €17,786 to €69,640
of which Taxes: +€49,116
- Gross operating margin +€208,373
up €208,373 (+283.1%), from €73,601 to €281,974
- Taxes +€49,215
up €49,215 (+276.7%), from €17,786 to €67,001
- Depreciation -€3,202
down €3,202 (-93.2%), from €3,435 to €234
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 | €73,417 | €339,194 | +€265,776 | +362.0% |
| Fixed assets | 21/28 | - | €3,485 | +€3,485 | |
| Tangible fixed assets | 22/27 | - | €3,485 | +€3,485 | |
| Other tangible fixed assets | 26 | - | €3,485 | +€3,485 | |
| Current assets | 29/58 | €73,417 | €335,709 | +€262,291 | +357.3% |
| Amounts receivable within one year | 40/41 | €1,358 | €602 | -€755 | -55.6% |
| Other amounts receivable | 41 | €1,358 | €602 | -€755 | -55.6% |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €50,446 | €212,593 | +€162,147 | +321.4% |
| Deferred charges and accrued income | 490/1 | €21,614 | €22,513 | +€899 | +4.2% |
| Total equity and liabilities | 10/49 | €73,417 | €339,194 | +€265,776 | +362.0% |
| Equity | 10/15 | €55,366 | €267,953 | +€212,587 | +384.0% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,866 | €264,453 | +€212,587 | +409.9% |
| Amounts payable | 17/49 | €18,051 | €71,241 | +€53,189 | +294.7% |
| Amounts payable within one year | 42/48 | €18,051 | €71,241 | +€53,189 | +294.7% |
| Trade debts | 44 | €266 | €1,600 | +€1,335 | +502.6% |
| Suppliers | 440/4 | €266 | €1,600 | +€1,335 | +502.6% |
| Taxes, remuneration and social security | 45 | €17,786 | €69,640 | +€51,855 | +291.6% |
| Taxes | 450/3 | €17,786 | €66,901 | +€49,116 | +276.2% |
| Remuneration and social security | 454/9 | - | €2,739 | +€2,739 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,435 | €234 | -€3,202 | -93.2% |
| Other operating charges | 640/8 | €387 | €796 | +€409 | +105.6% |
| Gross operating margin | 9900 | €73,601 | €281,974 | +€208,373 | +283.1% |
| Operating profit (loss) | 9901 | €69,778 | €280,944 | +€211,165 | +302.6% |
| Financial income | 75/76B | €7 | €385 | +€378 | +5377.0% |
| Recurring financial income | 75 | €7 | €385 | +€378 | +5377.0% |
| Financial charges | 65/66B | €133 | €1,741 | +€1,608 | +1205.3% |
| Recurring financial charges | 65 | €133 | €1,741 | +€1,608 | +1205.3% |
| Profit (loss) for the period before taxes | 9903 | €69,652 | €279,587 | +€209,936 | +301.4% |
| Income taxes | 67/77 | €17,786 | €67,001 | +€49,215 | +276.7% |
| Profit (loss) for the period | 9904 | €51,866 | €212,587 | +€160,721 | +309.9% |
| Profit (loss) for the period to be appropriated | 9905 | €51,866 | €212,587 | +€160,721 | +309.9% |
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.