MEDELLIS: 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.
MEDELLIS
Largest movements
- Cash +€45,729
up €45,729 (+65.0%), from €70,360 to €116,089
mainly Net result for the year (+€47,010) and Depreciation (+€6,953)
- Tangible fixed assets -€6,953
down €6,953 (-35.9%), from €19,383 to €12,429
of which Furniture and vehicles: -€5,836
- Deferred charges and accrued income +€3,422
up €3,422 (+141%), from €2,427 to €5,849
- Receivables within one year +€3,000
new in 2025: €3,000
- Profit (loss) carried forward +€47,010
up €47,010 (+60.4%), from €77,873 to €124,883
- Tax, wage and social debts -€1,654
no longer reported in 2025 (was €1,654)
- Gross operating margin -€1,632
down €1,632 (-2.3%), from €70,094 to €68,463
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 | €92,170 | €137,367 | +€45,196 | +49.0% |
| Fixed assets | 21/28 | €19,383 | €12,429 | -€6,953 | -35.9% |
| Tangible fixed assets | 22/27 | €19,383 | €12,429 | -€6,953 | -35.9% |
| Furniture and vehicles | 24 | €10,442 | €4,607 | -€5,836 | -55.9% |
| Other tangible fixed assets | 26 | €8,940 | €7,823 | -€1,118 | -12.5% |
| Current assets | 29/58 | €72,787 | €124,937 | +€52,150 | +71.6% |
| Amounts receivable within one year | 40/41 | - | €3,000 | +€3,000 | |
| Other amounts receivable | 41 | - | €3,000 | +€3,000 | |
| Cash at bank and in hand | 54/58 | €70,360 | €116,089 | +€45,729 | +65.0% |
| Deferred charges and accrued income | 490/1 | €2,427 | €5,849 | +€3,422 | +141% |
| Total equity and liabilities | 10/49 | €92,170 | €137,367 | +€45,196 | +49.0% |
| Equity | 10/15 | €80,873 | €127,883 | +€47,010 | +58.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €77,873 | €124,883 | +€47,010 | +60.4% |
| Amounts payable | 17/49 | €11,297 | €9,484 | -€1,813 | -16.0% |
| Amounts payable within one year | 42/48 | €11,297 | €9,184 | -€2,113 | -18.7% |
| Trade debts | 44 | €43 | €116 | +€73 | +170% |
| Suppliers | 440/4 | €43 | €116 | +€73 | +170% |
| Taxes, remuneration and social security | 45 | €1,654 | - | -€1,654 | |
| Taxes | 450/3 | €1,654 | - | -€1,654 | |
| Other amounts payable | 47/48 | €9,600 | €9,068 | -€532 | -5.5% |
| Accrued charges and deferred income | 492/3 | - | €300 | +€300 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,552 | €6,953 | +€401 | +6.1% |
| Other operating charges | 640/8 | €1,425 | €938 | -€487 | -34.2% |
| Gross operating margin | 9900 | €70,094 | €68,463 | -€1,632 | -2.3% |
| Operating profit (loss) | 9901 | €62,117 | €60,571 | -€1,546 | -2.5% |
| Financial charges | 65/66B | €58 | €61 | +€3 | +5.2% |
| Recurring financial charges | 65 | €58 | €61 | +€3 | +5.2% |
| Profit (loss) for the period before taxes | 9903 | €62,059 | €60,510 | -€1,549 | -2.5% |
| Income taxes | 67/77 | €13,654 | €13,500 | -€154 | -1.1% |
| Profit (loss) for the period | 9904 | €48,405 | €47,010 | -€1,395 | -2.9% |
| Profit (loss) for the period to be appropriated | 9905 | €48,405 | €47,010 | -€1,395 | -2.9% |
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 13 October 2026 via checked.be.