MEDELUX: 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.
MEDELUX
Largest movements
- Tangible fixed assets -€29,658
down €29,658 (-44.9%), from €66,053 to €36,395
of which Plant, machinery and equipment: -€25,629
- Receivables within one year +€21,895
up €21,895 (+1,291%), from €1,696 to €23,591
of which Trade receivables: +€21,895
- Stocks and contracts -€3,987
down €3,987 (-7.9%), from €50,677 to €46,690
- Debts after one year -€21,801
down €21,801 (-34.0%), from €64,191 to €42,390
of which Financial debts: -€26,311
- Trade debts +€7,889
up €7,889 (+16.9%), from €46,546 to €54,435
- Profit (loss) carried forward +€5,236
up €5,236 (+13.4%), from -€39,198 to -€33,962
- Other debts -€3,500
down €3,500 (-95.4%), from €3,667 to €167
- Gross operating margin -€26,035
down €26,035 (-36.2%), from €71,828 to €45,794
- Depreciation -€7,276
down €7,276 (-36.7%), from €19,810 to €12,533
- Staff costs -€3,963
down €3,963 (-13.4%), from €29,495 to €25,532
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 | €125,103 | €113,941 | -€11,162 | -8.9% |
| Fixed assets | 21/28 | €66,188 | €36,530 | -€29,658 | -44.8% |
| Tangible fixed assets | 22/27 | €66,053 | €36,395 | -€29,658 | -44.9% |
| Plant, machinery and equipment | 23 | €45,394 | €19,765 | -€25,629 | -56.5% |
| Furniture and vehicles | 24 | €567 | €138 | -€429 | -75.7% |
| Other tangible fixed assets | 26 | €20,092 | €16,493 | -€3,599 | -17.9% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €58,915 | €77,411 | +€18,496 | +31.4% |
| Stocks and contracts in progress | 3 | €50,677 | €46,690 | -€3,987 | -7.9% |
| Stocks | 30/36 | €50,677 | €46,690 | -€3,987 | -7.9% |
| Amounts receivable within one year | 40/41 | €1,696 | €23,591 | +€21,895 | +1,291% |
| Trade receivables | 40 | €1,540 | €23,435 | +€21,895 | +1,422% |
| Other amounts receivable | 41 | €156 | €156 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €5,252 | €6,256 | +€1,004 | +19.1% |
| Deferred charges and accrued income | 490/1 | €1,291 | €875 | -€416 | -32.2% |
| Total equity and liabilities | 10/49 | €125,103 | €113,941 | -€11,162 | -8.9% |
| Equity | 10/15 | -€20,606 | -€15,370 | +€5,236 | +25.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,198 | -€33,962 | +€5,236 | +13.4% |
| Amounts payable | 17/49 | €145,709 | €129,311 | -€16,398 | -11.3% |
| Amounts payable after more than one year | 17 | €64,191 | €42,390 | -€21,801 | -34.0% |
| Financial debts | 170/4 | €35,414 | €9,103 | -€26,311 | -74.3% |
| Other amounts payable | 178/9 | €28,777 | €33,287 | +€4,510 | +15.7% |
| Amounts payable within one year | 42/48 | €81,518 | €86,921 | +€5,403 | +6.6% |
| Current portion of amounts payable after more than one year | 42 | €19,853 | €21,020 | +€1,167 | +5.9% |
| Trade debts | 44 | €46,546 | €54,435 | +€7,889 | +16.9% |
| Suppliers | 440/4 | €46,546 | €54,435 | +€7,889 | +16.9% |
| Taxes, remuneration and social security | 45 | €11,451 | €11,299 | -€153 | -1.3% |
| Taxes | 450/3 | €6,462 | €6,223 | -€239 | -3.7% |
| Remuneration and social security | 454/9 | €4,990 | €5,076 | +€86 | +1.7% |
| Other amounts payable | 47/48 | €3,667 | €167 | -€3,500 | -95.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €29,495 | €25,532 | -€3,963 | -13.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,810 | €12,533 | -€7,276 | -36.7% |
| Other operating charges | 640/8 | €241 | €907 | +€666 | +276% |
| Gross operating margin | 9900 | €71,828 | €45,794 | -€26,035 | -36.2% |
| Operating profit (loss) | 9901 | €22,282 | €6,821 | -€15,461 | -69.4% |
| Financial income | 75/76B | €14 | €435 | +€421 | +3,072% |
| Recurring financial income | 75 | €14 | €435 | +€421 | +3,072% |
| Financial charges | 65/66B | €1,980 | €2,020 | +€40 | +2.0% |
| Recurring financial charges | 65 | €1,980 | €2,020 | +€40 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | €20,316 | €5,236 | -€15,080 | -74.2% |
| Profit (loss) for the period | 9904 | €20,316 | €5,236 | -€15,080 | -74.2% |
| Profit (loss) for the period to be appropriated | 9905 | €20,316 | €5,236 | -€15,080 | -74.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.