MEDERON: 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.
MEDERON
Largest movements
- Receivables within one year -€12,161
down €12,161 (-46.0%), from €26,428 to €14,268
of which Trade receivables: -€11,027
- Cash +€8,443
up €8,443 (+47.5%), from €17,789 to €26,233
mainly Receivables within one year (+€12,161) and Net result for the year (+€1,606)
- Tangible fixed assets +€1,981
up €1,981 (+75.2%), from €2,633 to €4,614
of which Other tangible fixed assets: +€2,852
- Tax, wage and social debts -€4,621
down €4,621 (-62.7%), from €7,366 to €2,745
of which Taxes: -€6,421
- Reserves +€1,606
up €1,606 (+3.4%), from €47,874 to €49,481
- Trade debts +€1,483
up €1,483 (+15.5%), from €9,583 to €11,066
- Write-downs +€20,974
new in 2025: €20,974
- Gross operating margin +€7,367
up €7,367 (+34.2%), from €21,532 to €28,899
- Taxes -€3,483
down €3,483 (-74.2%), from €4,696 to €1,213
- Financial charges -€1,210
down €1,210 (-29.2%), from €4,141 to €2,931
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 | €65,956 | €64,729 | -€1,227 | -1.9% |
| Fixed assets | 21/28 | €5,933 | €7,914 | +€1,981 | +33.4% |
| Tangible fixed assets | 22/27 | €2,633 | €4,614 | +€1,981 | +75.2% |
| Plant, machinery and equipment | 23 | €2,633 | €1,762 | -€871 | -33.1% |
| Other tangible fixed assets | 26 | - | €2,852 | +€2,852 | |
| Financial fixed assets | 28 | €3,300 | €3,300 | = | 0.0% |
| Current assets | 29/58 | €60,023 | €56,815 | -€3,207 | -5.3% |
| Stocks and contracts in progress | 3 | €13,000 | €13,000 | = | 0.0% |
| Stocks | 30/36 | €13,000 | €13,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €26,428 | €14,268 | -€12,161 | -46.0% |
| Trade receivables | 40 | €21,599 | €10,572 | -€11,027 | -51.1% |
| Other amounts receivable | 41 | €4,829 | €3,695 | -€1,133 | -23.5% |
| Cash at bank and in hand | 54/58 | €17,789 | €26,233 | +€8,443 | +47.5% |
| Deferred charges and accrued income | 490/1 | €2,805 | €3,315 | +€510 | +18.2% |
| Total equity and liabilities | 10/49 | €65,956 | €64,729 | -€1,227 | -1.9% |
| Equity | 10/15 | €48,874 | €50,481 | +€1,606 | +3.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €47,874 | €49,481 | +€1,606 | +3.4% |
| Distributable reserves | 133 | €47,874 | €49,481 | +€1,606 | +3.4% |
| Amounts payable | 17/49 | €17,082 | €14,249 | -€2,833 | -16.6% |
| Amounts payable within one year | 42/48 | €16,949 | €14,211 | -€2,738 | -16.2% |
| Trade debts | 44 | €9,583 | €11,066 | +€1,483 | +15.5% |
| Suppliers | 440/4 | €9,583 | €11,066 | +€1,483 | +15.5% |
| Taxes, remuneration and social security | 45 | €7,366 | €2,745 | -€4,621 | -62.7% |
| Taxes | 450/3 | €7,366 | €945 | -€6,421 | -87.2% |
| Remuneration and social security | 454/9 | €0 | €1,800 | +€1,800 | |
| Other amounts payable | 47/48 | €0 | €400 | +€400 | |
| Accrued charges and deferred income | 492/3 | €133 | €38 | -€95 | -71.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €780 | €1,049 | +€269 | +34.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €20,974 | +€20,974 | |
| Other operating charges | 640/8 | €1,169 | €1,143 | -€26 | -2.2% |
| Gross operating margin | 9900 | €21,532 | €28,899 | +€7,367 | +34.2% |
| Operating profit (loss) | 9901 | €19,582 | €5,732 | -€13,850 | -70.7% |
| Financial income | 75/76B | €102 | €18 | -€84 | -82.3% |
| Recurring financial income | 75 | €102 | €18 | -€84 | -82.3% |
| Financial charges | 65/66B | €4,141 | €2,931 | -€1,210 | -29.2% |
| Recurring financial charges | 65 | €4,141 | €2,931 | -€1,210 | -29.2% |
| Profit (loss) for the period before taxes | 9903 | €15,543 | €2,819 | -€12,724 | -81.9% |
| Income taxes | 67/77 | €4,696 | €1,213 | -€3,483 | -74.2% |
| Profit (loss) for the period | 9904 | €10,847 | €1,606 | -€9,241 | -85.2% |
| Profit (loss) for the period to be appropriated | 9905 | €10,847 | €1,606 | -€9,241 | -85.2% |
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 15 October 2026 via checked.be.