MEDERCO: 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.
MEDERCO
Largest movements
- Cash +€140,408
up €140,408 (+11.4%), from €1.2m to €1.4m
mainly Net result for the year (+€129,030) and Other debts (+€5,393)
- Reserves +€129,000
up €129,000 (+11.0%), from €1.2m to €1.3m
- Turnover -€240,128
no longer reported in 2025 (was €240,128)
- Purchases and services -€90,046
no longer reported in 2025 (was €90,046)
- Depreciation -€12,089
down €12,089 (-98.3%), from €12,296 to €207
- Gross operating margin +€9,293
up €9,293 (+6.2%), from €150,083 to €159,376
- Financial income -€5,653
down €5,653 (-11.7%), from €48,267 to €42,615
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 | €1,252,141 | €1,390,619 | +€138,478 | +11.1% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €207 | - | -€207 | |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €207 | - | -€207 | |
| Furniture and vehicles | 24 | €207 | - | -€207 | |
| Current assets | 29/58 | €1,251,934 | €1,390,619 | +€138,685 | +11.1% |
| Amounts receivable within one year | 40/41 | €13,600 | €12,304 | -€1,296 | -9.5% |
| Trade receivables | 40 | - | €404 | +€404 | |
| Other amounts receivable | 41 | €13,600 | €11,900 | -€1,700 | -12.5% |
| Cash at bank and in hand | 54/58 | €1,233,286 | €1,373,695 | +€140,408 | +11.4% |
| Deferred charges and accrued income | 490/1 | €5,048 | €4,621 | -€427 | -8.5% |
| Total equity and liabilities | 10/49 | €1,252,141 | €1,390,619 | +€138,478 | +11.1% |
| Equity | 10/15 | €1,187,291 | €1,316,321 | +€129,030 | +10.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,172,713 | €1,301,713 | +€129,000 | +11.0% |
| Distributable reserves | 133 | €1,172,713 | €1,301,713 | +€129,000 | +11.0% |
| Profit (loss) carried forward | 14 | €2,178 | €2,209 | +€30 | +1.4% |
| Amounts payable | 17/49 | €64,850 | €74,298 | +€9,448 | +14.6% |
| Amounts payable within one year | 42/48 | €64,338 | €73,374 | +€9,036 | +14.0% |
| Taxes, remuneration and social security | 45 | €13,152 | €16,795 | +€3,643 | +27.7% |
| Taxes | 450/3 | €13,152 | €16,795 | +€3,643 | +27.7% |
| Other amounts payable | 47/48 | €51,186 | €56,579 | +€5,393 | +10.5% |
| Accrued charges and deferred income | 492/3 | €512 | €924 | +€412 | +80.4% |
| Turnover | 70 | €240,128 | - | -€240,128 | |
| Goods, raw materials, services and sundry goods | 60/61 | €90,046 | - | -€90,046 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,296 | €207 | -€12,089 | -98.3% |
| Other operating charges | 640/8 | €1,607 | €3,324 | +€1,717 | +107% |
| Gross operating margin | 9900 | €150,083 | €159,376 | +€9,293 | +6.2% |
| Operating profit (loss) | 9901 | €136,180 | €155,845 | +€19,665 | +14.4% |
| Financial income | 75/76B | €48,267 | €42,615 | -€5,653 | -11.7% |
| Recurring financial income | 75 | €48,267 | €42,615 | -€5,653 | -11.7% |
| Financial charges | 65/66B | €6,934 | €11,713 | +€4,779 | +68.9% |
| Recurring financial charges | 65 | €6,934 | €11,713 | +€4,779 | +68.9% |
| Non-recurring financial charges | 66B | - | €0 | +€0 | |
| Profit (loss) for the period before taxes | 9903 | €177,513 | €186,746 | +€9,233 | +5.2% |
| Income taxes | 67/77 | €54,114 | €57,716 | +€3,602 | +6.7% |
| Profit (loss) for the period | 9904 | €123,399 | €129,030 | +€5,631 | +4.6% |
| Profit (loss) for the period to be appropriated | 9905 | €123,399 | €129,030 | +€5,631 | +4.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.