Medesi: 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.
Medesi
Largest movements
- Cash +€37,211
up €37,211 (+118.4%), from €31,420 to €68,631
mainly Net result for the year (+€31,641) and Deferred charges and accrued income (+€3,706)
- Deferred charges and accrued income -€3,706
down €3,706 (-56.7%), from €6,536 to €2,830
- Tangible fixed assets -€1,400
down €1,400 (-23.8%), from €5,875 to €4,475
- Reserves +€31,641
up €31,641 (+87.2%), from €36,289 to €67,930
- Tax, wage and social debts +€1,349
up €1,349 (+75.0%), from €1,800 to €3,149
- Trade debts +€1,283
up €1,283 (+854.2%), from €150 to €1,433
- Accrued charges and deferred income -€1,257
down €1,257 (-100.0%), from €1,257 to €0
- Other debts -€900
down €900 (-100.0%), from €900 to €0
- Gross operating margin -€5,536
down €5,536 (-11.7%), from €47,255 to €41,718
- Taxes -€1,097
down €1,097 (-11.6%), from €9,435 to €8,338
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 | €45,396 | €77,513 | +€32,117 | +70.7% |
| Fixed assets | 21/28 | €5,875 | €4,475 | -€1,400 | -23.8% |
| Tangible fixed assets | 22/27 | €5,875 | €4,475 | -€1,400 | -23.8% |
| Furniture and vehicles | 24 | €5,875 | €4,475 | -€1,400 | -23.8% |
| Current assets | 29/58 | €39,521 | €73,037 | +€33,517 | +84.8% |
| Amounts receivable within one year | 40/41 | €1,565 | €1,577 | +€12 | +0.7% |
| Other amounts receivable | 41 | €1,565 | €1,577 | +€12 | +0.7% |
| Cash at bank and in hand | 54/58 | €31,420 | €68,631 | +€37,211 | +118.4% |
| Deferred charges and accrued income | 490/1 | €6,536 | €2,830 | -€3,706 | -56.7% |
| Total equity and liabilities | 10/49 | €45,396 | €77,513 | +€32,117 | +70.7% |
| Equity | 10/15 | €41,289 | €72,930 | +€31,641 | +76.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €36,289 | €67,930 | +€31,641 | +87.2% |
| Distributable reserves | 133 | €36,289 | €67,930 | +€31,641 | +87.2% |
| Amounts payable | 17/49 | €4,107 | €4,583 | +€476 | +11.6% |
| Amounts payable within one year | 42/48 | €2,850 | €4,583 | +€1,732 | +60.8% |
| Trade debts | 44 | €150 | €1,433 | +€1,283 | +854.2% |
| Suppliers | 440/4 | €150 | €1,433 | +€1,283 | +854.2% |
| Taxes, remuneration and social security | 45 | €1,800 | €3,149 | +€1,349 | +75.0% |
| Taxes | 450/3 | €1,800 | €3,149 | +€1,349 | +75.0% |
| Other amounts payable | 47/48 | €900 | €0 | -€900 | -100.0% |
| Accrued charges and deferred income | 492/3 | €1,257 | €0 | -€1,257 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,125 | €1,400 | +€276 | +24.5% |
| Other operating charges | 640/8 | €245 | €253 | +€8 | +3.1% |
| Gross operating margin | 9900 | €47,255 | €41,718 | -€5,536 | -11.7% |
| Operating profit (loss) | 9901 | €45,885 | €40,065 | -€5,820 | -12.7% |
| Financial income | 75/76B | €0 | €0 | -€0 | -98.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -98.0% |
| Financial charges | 65/66B | €161 | €87 | -€75 | -46.3% |
| Recurring financial charges | 65 | €161 | €87 | -€75 | -46.3% |
| Profit (loss) for the period before taxes | 9903 | €45,724 | €39,979 | -€5,746 | -12.6% |
| Income taxes | 67/77 | €9,435 | €8,338 | -€1,097 | -11.6% |
| Profit (loss) for the period | 9904 | €36,289 | €31,641 | -€4,648 | -12.8% |
| Profit (loss) for the period to be appropriated | 9905 | €36,289 | €31,641 | -€4,648 | -12.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.