MEDEST: 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.
MEDEST
Largest movements
- Receivables within one year +€216,201
up €216,201 (+3140.1%), from €6,885 to €223,086
of which Other amounts receivable: +€216,119
- Financial fixed assets -€145,450
down €145,450 (-99.8%), from €145,731 to €281
- Cash -€22,136
down €22,136 (-10.2%), from €218,010 to €195,873
mainly Receivables within one year (-€216,201) and Contributions, distributions and other (-€152,449)
- Tangible fixed assets -€13,514
down €13,514 (-30.5%), from €44,283 to €30,769
of which Furniture and vehicles: -€7,261
- Other debts +€84,222
up €84,222 (+124.6%), from €67,617 to €151,839
- Reserves -€30,090
down €30,090 (-10.2%), from €295,019 to €264,929
- Trade debts -€24,878
down €24,878 (-74.5%), from €33,373 to €8,495
- Gross operating margin +€68,798
up €68,798 (+42.3%), from €162,767 to €231,564
- Taxes +€25,388
up €25,388 (+63.9%), from €39,758 to €65,146
- Financial charges +€10,652
up €10,652 (+280.6%), from €3,796 to €14,448
of which Non-recurring financial charges: +€11,045
- Financial income +€9,889
up €9,889 (+516.1%), from €1,916 to €11,805
of which Financial income: +€8,933
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 | €440,307 | €472,057 | +€31,751 | +7.2% |
| Fixed assets | 21/28 | €190,014 | €31,050 | -€158,963 | -83.7% |
| Tangible fixed assets | 22/27 | €44,283 | €30,769 | -€13,514 | -30.5% |
| Plant, machinery and equipment | 23 | €2,240 | €439 | -€1,801 | -80.4% |
| Furniture and vehicles | 24 | €18,041 | €10,780 | -€7,261 | -40.2% |
| Other tangible fixed assets | 26 | €24,001 | €19,549 | -€4,452 | -18.5% |
| Financial fixed assets | 28 | €145,731 | €281 | -€145,450 | -99.8% |
| Current assets | 29/58 | €250,293 | €441,007 | +€190,714 | +76.2% |
| Stocks and contracts in progress | 3 | €15,838 | €12,595 | -€3,243 | -20.5% |
| Stocks | 30/36 | €15,838 | €12,595 | -€3,243 | -20.5% |
| Amounts receivable within one year | 40/41 | €6,885 | €223,086 | +€216,201 | +3140.1% |
| Trade receivables | 40 | €2,562 | €2,644 | +€82 | +3.2% |
| Other amounts receivable | 41 | €4,323 | €220,442 | +€216,119 | +4999.0% |
| Cash at bank and in hand | 54/58 | €218,010 | €195,873 | -€22,136 | -10.2% |
| Deferred charges and accrued income | 490/1 | €9,560 | €9,453 | -€108 | -1.1% |
| Total equity and liabilities | 10/49 | €440,307 | €472,057 | +€31,751 | +7.2% |
| Equity | 10/15 | €308,034 | €277,334 | -€30,700 | -10.0% |
| Contributions | 10/11 | €12,405 | €12,405 | = | 0.0% |
| Outside capital | 11 | €12,405 | €12,405 | = | 0.0% |
| Share premium | 1100/10 | €12,405 | €12,405 | = | 0.0% |
| Revaluation surpluses | 12 | €610 | - | -€610 | |
| Reserves | 13 | €295,019 | €264,929 | -€30,090 | -10.2% |
| Distributable reserves | 133 | €295,019 | €264,929 | -€30,090 | -10.2% |
| Amounts payable | 17/49 | €132,273 | €194,724 | +€62,451 | +47.2% |
| Amounts payable within one year | 42/48 | €132,273 | €194,724 | +€62,451 | +47.2% |
| Trade debts | 44 | €33,373 | €8,495 | -€24,878 | -74.5% |
| Suppliers | 440/4 | €33,373 | €8,495 | -€24,878 | -74.5% |
| Taxes, remuneration and social security | 45 | €31,283 | €34,390 | +€3,106 | +9.9% |
| Taxes | 450/3 | €28,363 | €31,517 | +€3,154 | +11.1% |
| Remuneration and social security | 454/9 | €2,920 | €2,872 | -€48 | -1.6% |
| Other amounts payable | 47/48 | €67,617 | €151,839 | +€84,222 | +124.6% |
| Remuneration, social security and pensions | 62 | €25,201 | €24,226 | -€975 | -3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,171 | €15,152 | -€1,019 | -6.3% |
| Other operating charges | 640/8 | €2,083 | €2,649 | +€566 | +27.2% |
| Gross operating margin | 9900 | €162,767 | €231,564 | +€68,798 | +42.3% |
| Operating profit (loss) | 9901 | €119,312 | €189,538 | +€70,226 | +58.9% |
| Financial income | 75/76B | €1,916 | €11,805 | +€9,889 | +516.1% |
| Recurring financial income | 75 | €1,916 | €10,849 | +€8,933 | +466.2% |
| Non-recurring financial income | 76B | - | €957 | +€957 | |
| Financial charges | 65/66B | €3,796 | €14,448 | +€10,652 | +280.6% |
| Recurring financial charges | 65 | €3,382 | €2,989 | -€393 | -11.6% |
| Non-recurring financial charges | 66B | €414 | €11,459 | +€11,045 | +2664.7% |
| Profit (loss) for the period before taxes | 9903 | €117,432 | €186,895 | +€69,463 | +59.2% |
| Income taxes | 67/77 | €39,758 | €65,146 | +€25,388 | +63.9% |
| Profit (loss) for the period | 9904 | €77,674 | €121,749 | +€44,075 | +56.7% |
| Profit (loss) for the period to be appropriated | 9905 | €77,674 | €121,749 | +€44,075 | +56.7% |
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 3 October 2026 via checked.be.