MEDERM IMMO: 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.
MEDERM IMMO
Largest movements
- Cash -€16,067
no longer reported in 2025 (was €16,067)
mainly Other debts (-€17,904) and Net result for the year (-€9,412)
- Tangible fixed assets -€9,014
down €9,014 (-5.9%), from €153,465 to €144,451
of which Land and buildings: -€8,207
- Receivables within one year -€8,619
down €8,619 (-95.1%), from €9,066 to €447
of which Other amounts receivable: -€4,783
- Other debts -€17,904
no longer reported in 2025 (was €17,904)
- Profit (loss) carried forward -€9,412
down €9,412 (-9.6%), from €97,549 to €88,137
- Current portion of long-term debt -€4,711
no longer reported in 2025 (was €4,711)
- Gross operating margin -€20,309
down €20,309 (-97.1%), from €20,908 to €599
- Financial charges -€3,652
down €3,652 (-97.2%), from €3,758 to €106
of which Non-recurring financial charges: -€3,152
- Taxes -€1,718
down €1,718 (-99.5%), from €1,727 to €9
- Other operating charges -€556
down €556 (-37.9%), from €1,468 to €912
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 | €178,598 | €144,897 | -€33,701 | -18.9% |
| Fixed assets | 21/28 | €153,465 | €144,451 | -€9,014 | -5.9% |
| Tangible fixed assets | 22/27 | €153,465 | €144,451 | -€9,014 | -5.9% |
| Land and buildings | 22 | €143,772 | €135,565 | -€8,207 | -5.7% |
| Plant, machinery and equipment | 23 | €9,693 | €8,886 | -€808 | -8.3% |
| Current assets | 29/58 | €25,133 | €447 | -€24,686 | -98.2% |
| Amounts receivable within one year | 40/41 | €9,066 | €447 | -€8,619 | -95.1% |
| Trade receivables | 40 | €3,837 | - | -€3,837 | |
| Other amounts receivable | 41 | €5,230 | €447 | -€4,783 | -91.5% |
| Cash at bank and in hand | 54/58 | €16,067 | - | -€16,067 | |
| Total equity and liabilities | 10/49 | €178,598 | €144,897 | -€33,701 | -18.9% |
| Equity | 10/15 | €154,309 | €144,897 | -€9,412 | -6.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €44,360 | €44,360 | = | 0.0% |
| Distributable reserves | 133 | €44,360 | €44,360 | = | 0.0% |
| Profit (loss) carried forward | 14 | €97,549 | €88,137 | -€9,412 | -9.6% |
| Amounts payable | 17/49 | €24,289 | - | -€24,289 | |
| Amounts payable within one year | 42/48 | €24,289 | - | -€24,289 | |
| Current portion of amounts payable after more than one year | 42 | €4,711 | - | -€4,711 | |
| Trade debts | 44 | €295 | - | -€295 | |
| Suppliers | 440/4 | €295 | - | -€295 | |
| Taxes, remuneration and social security | 45 | €1,378 | - | -€1,378 | |
| Taxes | 450/3 | €575 | - | -€575 | |
| Remuneration and social security | 454/9 | €803 | - | -€803 | |
| Other amounts payable | 47/48 | €17,904 | - | -€17,904 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,014 | €9,014 | = | 0.0% |
| Other operating charges | 640/8 | €1,468 | €912 | -€556 | -37.9% |
| Gross operating margin | 9900 | €20,908 | €599 | -€20,309 | -97.1% |
| Operating profit (loss) | 9901 | €10,426 | -€9,327 | -€19,753 | |
| Financial income | 75/76B | €45 | €31 | -€15 | -32.3% |
| Recurring financial income | 75 | €45 | €31 | -€15 | -32.3% |
| Financial charges | 65/66B | €3,758 | €106 | -€3,652 | -97.2% |
| Recurring financial charges | 65 | €606 | €106 | -€499 | -82.4% |
| Non-recurring financial charges | 66B | €3,152 | - | -€3,152 | |
| Profit (loss) for the period before taxes | 9903 | €6,714 | -€9,403 | -€16,116 | |
| Income taxes | 67/77 | €1,727 | €9 | -€1,718 | -99.5% |
| Profit (loss) for the period | 9904 | €4,986 | -€9,412 | -€14,398 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,986 | -€9,412 | -€14,398 |
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 9 October 2026 via checked.be.