MEDESTHE: 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.
MEDESTHE
Largest movements
- Cash -€6,547
down €6,547 (-15.3%), from €42,860 to €36,314
mainly Trade debts (-€9,090) and Investment in fixed assets (net) (-€4,762)
- Tangible fixed assets -€5,337
down €5,337 (-45.2%), from €11,816 to €6,479
of which Furniture and vehicles: -€4,744
- Receivables within one year +€4,049
up €4,049 (+23.0%), from €17,616 to €21,666
of which Other amounts receivable: +€3,150
- Trade debts -€9,090
down €9,090 (-44.3%), from €20,514 to €11,425
- Reserves +€7,000
up €7,000 (+46.7%), from €15,000 to €22,000
- Other debts -€3,121
down €3,121 (-35.2%), from €8,867 to €5,746
- Tax, wage and social debts -€1,984
down €1,984 (-22.4%), from €8,875 to €6,891
of which Taxes: -€1,367
- Gross operating margin +€6,772
up €6,772 (+13.8%), from €49,106 to €55,878
- Staff costs +€2,670
up €2,670 (+8.2%), from €32,375 to €35,045
- Taxes +€2,626
up €2,626 (+1,313%), from €200 to €2,826
- Financial charges -€2,233
down €2,233 (-77.4%), from €2,883 to €651
- Depreciation -€560
down €560 (-5.3%), from €10,506 to €9,946
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 | €73,349 | €66,308 | -€7,041 | -9.6% |
| Fixed assets | 21/28 | €12,337 | €7,153 | -€5,184 | -42.0% |
| Intangible fixed assets | 21 | €321 | €474 | +€153 | +47.7% |
| Tangible fixed assets | 22/27 | €11,816 | €6,479 | -€5,337 | -45.2% |
| Furniture and vehicles | 24 | €9,801 | €5,058 | -€4,744 | -48.4% |
| Other tangible fixed assets | 26 | €2,015 | €1,421 | -€594 | -29.5% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €61,012 | €59,155 | -€1,857 | -3.0% |
| Amounts receivable within one year | 40/41 | €17,616 | €21,666 | +€4,049 | +23.0% |
| Trade receivables | 40 | €11,616 | €12,515 | +€899 | +7.7% |
| Other amounts receivable | 41 | €6,000 | €9,150 | +€3,150 | +52.5% |
| Cash at bank and in hand | 54/58 | €42,860 | €36,314 | -€6,547 | -15.3% |
| Deferred charges and accrued income | 490/1 | €535 | €1,176 | +€641 | +120% |
| Total equity and liabilities | 10/49 | €73,349 | €66,308 | -€7,041 | -9.6% |
| Equity | 10/15 | €35,092 | €42,246 | +€7,154 | +20.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €15,000 | €22,000 | +€7,000 | +46.7% |
| Distributable reserves | 133 | €15,000 | €22,000 | +€7,000 | +46.7% |
| Profit (loss) carried forward | 14 | €1,492 | €1,646 | +€154 | +10.3% |
| Amounts payable | 17/49 | €38,257 | €24,062 | -€14,195 | -37.1% |
| Amounts payable within one year | 42/48 | €38,257 | €24,062 | -€14,195 | -37.1% |
| Trade debts | 44 | €20,514 | €11,425 | -€9,090 | -44.3% |
| Suppliers | 440/4 | €20,514 | €11,425 | -€9,090 | -44.3% |
| Taxes, remuneration and social security | 45 | €8,875 | €6,891 | -€1,984 | -22.4% |
| Taxes | 450/3 | €2,702 | €1,335 | -€1,367 | -50.6% |
| Remuneration and social security | 454/9 | €6,173 | €5,557 | -€617 | -10.0% |
| Other amounts payable | 47/48 | €8,867 | €5,746 | -€3,121 | -35.2% |
| Remuneration, social security and pensions | 62 | €32,375 | €35,045 | +€2,670 | +8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,506 | €9,946 | -€560 | -5.3% |
| Other operating charges | 640/8 | €230 | €258 | +€28 | +12.1% |
| Gross operating margin | 9900 | €49,106 | €55,878 | +€6,772 | +13.8% |
| Operating profit (loss) | 9901 | €5,996 | €10,630 | +€4,634 | +77.3% |
| Financial income | 75/76B | €0 | €0 | -€0 | -76.9% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -76.9% |
| Financial charges | 65/66B | €2,883 | €651 | -€2,233 | -77.4% |
| Recurring financial charges | 65 | €2,883 | €651 | -€2,233 | -77.4% |
| Profit (loss) for the period before taxes | 9903 | €3,112 | €9,980 | +€6,867 | +221% |
| Income taxes | 67/77 | €200 | €2,826 | +€2,626 | +1,313% |
| Profit (loss) for the period | 9904 | €2,912 | €7,154 | +€4,242 | +146% |
| Profit (loss) for the period to be appropriated | 9905 | €2,912 | €7,154 | +€4,242 | +146% |
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.