MEDEN: what changed
Two fiscal 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.
MEDEN
Largest movements
- Receivables within one year +€46,912
up €46,912 (+10.8%), from €434,607 to €481,519
of which Other amounts receivable: +€49,062
- Reserves +€55,870
up €55,870 (+13.5%), from €414,128 to €469,998
- Trade debts -€6,231
down €6,231 (-87.7%), from €7,101 to €870
- Financial income +€6,004
up €6,004 (+28.5%), from €21,053 to €27,057
- Taxes -€3,294
down €3,294 (-13.0%), from €25,346 to €22,052
- Gross operating margin -€3,192
down €3,192 (-5.3%), from €60,642 to €57,450
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 | €446,631 | €494,271 | +€47,641 | +10.7% |
| Fixed assets | 21/28 | €9,588 | €5,594 | -€3,994 | -41.7% |
| Tangible fixed assets | 22/27 | €9,588 | €5,594 | -€3,994 | -41.7% |
| Land and buildings | 22 | €645 | €226 | -€419 | -65.0% |
| Plant, machinery and equipment | 23 | €543 | €303 | -€240 | -44.2% |
| Furniture and vehicles | 24 | €8,401 | €5,066 | -€3,335 | -39.7% |
| Current assets | 29/58 | €437,042 | €488,677 | +€51,634 | +11.8% |
| Amounts receivable within one year | 40/41 | €434,607 | €481,519 | +€46,912 | +10.8% |
| Trade receivables | 40 | €8,900 | €6,750 | -€2,150 | -24.2% |
| Other amounts receivable | 41 | €425,707 | €474,768 | +€49,062 | +11.5% |
| Cash at bank and in hand | 54/58 | - | €4,881 | +€4,881 | |
| Deferred charges and accrued income | 490/1 | €2,435 | €2,277 | -€159 | -6.5% |
| Total equity and liabilities | 10/49 | €446,631 | €494,271 | +€47,641 | +10.7% |
| Equity | 10/15 | €431,277 | €487,151 | +€55,874 | +13.0% |
| Contributions | 10/11 | €12,397 | €12,397 | = | 0.0% |
| Reserves | 13 | €414,128 | €469,998 | +€55,870 | +13.5% |
| Non-distributable reserves | 130/1 | €414,128 | €469,998 | +€55,870 | +13.5% |
| Reserves not available under the articles | 1311 | €414,128 | €469,998 | +€55,870 | +13.5% |
| Profit (loss) carried forward | 14 | €4,752 | €4,756 | +€4 | +0.1% |
| Amounts payable | 17/49 | €15,353 | €7,120 | -€8,233 | -53.6% |
| Amounts payable within one year | 42/48 | €15,353 | €7,120 | -€8,233 | -53.6% |
| Current portion of amounts payable after more than one year | 42 | €7,530 | €6,250 | -€1,280 | -17.0% |
| Financial debts | 43 | €722 | - | -€722 | |
| Credit institutions | 430/8 | €722 | - | -€722 | |
| Trade debts | 44 | €7,101 | €870 | -€6,231 | -87.7% |
| Suppliers | 440/4 | €7,101 | €870 | -€6,231 | -87.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,603 | €3,994 | +€391 | +10.8% |
| Other operating charges | 640/8 | €1,380 | €1,179 | -€201 | -14.6% |
| Gross operating margin | 9900 | €60,642 | €57,450 | -€3,192 | -5.3% |
| Operating profit (loss) | 9901 | €55,659 | €52,277 | -€3,382 | -6.1% |
| Financial income | 75/76B | €21,053 | €27,057 | +€6,004 | +28.5% |
| Recurring financial income | 75 | €21,053 | €27,057 | +€6,004 | +28.5% |
| Financial charges | 65/66B | €1,385 | €1,408 | +€23 | +1.7% |
| Recurring financial charges | 65 | €1,385 | €1,408 | +€23 | +1.7% |
| Profit (loss) for the period before taxes | 9903 | €75,327 | €77,926 | +€2,599 | +3.4% |
| Income taxes | 67/77 | €25,346 | €22,052 | -€3,294 | -13.0% |
| Profit (loss) for the period | 9904 | €49,981 | €55,874 | +€5,893 | +11.8% |
| Profit (loss) for the period to be appropriated | 9905 | €49,981 | €55,874 | +€5,893 | +11.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.