MEDELLIN REC: what changed
MEDELLIN REC
Largest movements
- Cash +€138,047
up €138,047 (+1,649%), from €8,372 to €146,419
mainly Net result for the year (+€78,309) and Other debts (+€47,496)
- Tangible fixed assets +€25,956
new in 2025: €25,956
of which Furniture and vehicles: +€24,378
- Receivables within one year -€7,838
down €7,838 (-10.9%), from €72,221 to €64,383
of which Trade receivables: -€22,838
- Profit (loss) carried forward +€75,909
up €75,909 (+1,285%), from €5,907 to €81,816
- Other debts +€47,496
up €47,496 (+68.1%), from €69,792 to €117,288
- Tax, wage and social debts +€33,365
up €33,365 (+1,761%), from €1,895 to €35,259
of which Taxes: +€24,526
- Gross operating margin +€225,657
up €225,657 (+1,176%), from €19,183 to €244,840
- Staff costs +€78,260
up €78,260 (+2,618%), from €2,989 to €81,249
- Financial charges +€76,247
up €76,247 (+25,130%), from €303 to €76,550
- Depreciation +€8,732
new in 2025: €8,732
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €80,593 | €237,363 | +€156,770 | +195% |
| Fixed assets | 21/28 | - | €26,561 | +€26,561 | |
| Tangible fixed assets | 22/27 | - | €25,956 | +€25,956 | |
| Plant, machinery and equipment | 23 | - | €1,578 | +€1,578 | |
| Furniture and vehicles | 24 | - | €24,378 | +€24,378 | |
| Financial fixed assets | 28 | - | €605 | +€605 | |
| Current assets | 29/58 | €80,593 | €210,802 | +€130,209 | +162% |
| Amounts receivable within one year | 40/41 | €72,221 | €64,383 | -€7,838 | -10.9% |
| Trade receivables | 40 | €71,952 | €49,114 | -€22,838 | -31.7% |
| Other amounts receivable | 41 | €269 | €15,269 | +€15,000 | +5,580% |
| Cash at bank and in hand | 54/58 | €8,372 | €146,419 | +€138,047 | +1,649% |
| Total equity and liabilities | 10/49 | €80,593 | €237,363 | +€156,770 | +195% |
| Equity | 10/15 | €8,907 | €84,816 | +€75,909 | +852% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,907 | €81,816 | +€75,909 | +1,285% |
| Amounts payable | 17/49 | €71,687 | €152,548 | +€80,861 | +113% |
| Amounts payable within one year | 42/48 | €71,687 | €152,548 | +€80,861 | +113% |
| Trade debts | 44 | - | €0 | = | |
| Suppliers | 440/4 | - | €0 | = | |
| Taxes, remuneration and social security | 45 | €1,895 | €35,259 | +€33,365 | +1,761% |
| Taxes | 450/3 | €1,895 | €26,420 | +€24,526 | +1,295% |
| Remuneration and social security | 454/9 | - | €8,839 | +€8,839 | |
| Other amounts payable | 47/48 | €69,792 | €117,288 | +€47,496 | +68.1% |
| Remuneration, social security and pensions | 62 | €2,989 | €81,249 | +€78,260 | +2,618% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €8,732 | +€8,732 | |
| Gross operating margin | 9900 | €19,183 | €244,840 | +€225,657 | +1,176% |
| Operating profit (loss) | 9901 | €16,194 | €154,859 | +€138,666 | +856% |
| Financial income | 75/76B | €24 | €3 | -€21 | -86.0% |
| Recurring financial income | 75 | €24 | €3 | -€21 | -86.0% |
| Financial charges | 65/66B | €303 | €76,550 | +€76,247 | +25,130% |
| Recurring financial charges | 65 | €303 | €76,550 | +€76,247 | +25,130% |
| Profit (loss) for the period before taxes | 9903 | €15,915 | €78,313 | +€62,398 | +392% |
| Income taxes | 67/77 | - | €4 | +€4 | |
| Profit (loss) for the period | 9904 | €15,915 | €78,309 | +€62,394 | +392% |
| Profit (loss) for the period to be appropriated | 9905 | €15,915 | €78,309 | +€62,394 | +392% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.