MEDESTHET: 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.
MEDESTHET
Largest movements
- Current investments +€45,180
new in 2025: €45,180
- Tangible fixed assets -€19,652
down €19,652 (-30.4%), from €64,654 to €45,001
of which Furniture and vehicles: -€12,188
- Cash +€10,613
up €10,613 (+17.2%), from €61,781 to €72,394
mainly Net result for the year (+€45,276) and Depreciation (+€13,122)
- Receivables within one year -€1,960
down €1,960 (-55.1%), from €3,560 to €1,600
- Deferred charges and accrued income +€1,916
up €1,916 (+132.3%), from €1,449 to €3,365
- Profit (loss) carried forward +€45,276
up €45,276 (+2609.0%), from €1,735 to €47,011
- Debts after one year -€10,337
down €10,337 (-27.1%), from €38,168 to €27,830
- Gross operating margin -€27,418
down €27,418 (-26.8%), from €102,443 to €75,025
- Taxes -€12,871
down €12,871 (-51.4%), from €25,020 to €12,149
- Depreciation +€4,072
up €4,072 (+45.0%), from €9,050 to €13,122
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 | €133,844 | €169,941 | +€36,097 | +27.0% |
| Fixed assets | 21/28 | €67,054 | €47,401 | -€19,652 | -29.3% |
| Tangible fixed assets | 22/27 | €64,654 | €45,001 | -€19,652 | -30.4% |
| Plant, machinery and equipment | 23 | €52,465 | €41,279 | -€11,187 | -21.3% |
| Furniture and vehicles | 24 | €12,188 | - | -€12,188 | |
| Other tangible fixed assets | 26 | - | €3,723 | +€3,723 | |
| Financial fixed assets | 28 | €2,400 | €2,400 | = | 0.0% |
| Current assets | 29/58 | €66,790 | €122,539 | +€55,749 | +83.5% |
| Amounts receivable within one year | 40/41 | €3,560 | €1,600 | -€1,960 | -55.1% |
| Trade receivables | 40 | €3,560 | €1,600 | -€1,960 | -55.1% |
| Current investments | 50/53 | - | €45,180 | +€45,180 | |
| Cash at bank and in hand | 54/58 | €61,781 | €72,394 | +€10,613 | +17.2% |
| Deferred charges and accrued income | 490/1 | €1,449 | €3,365 | +€1,916 | +132.3% |
| Total equity and liabilities | 10/49 | €133,844 | €169,941 | +€36,097 | +27.0% |
| Equity | 10/15 | €68,735 | €114,011 | +€45,276 | +65.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €65,000 | €65,000 | = | 0.0% |
| Distributable reserves | 133 | €65,000 | €65,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,735 | €47,011 | +€45,276 | +2609.0% |
| Amounts payable | 17/49 | €65,108 | €55,929 | -€9,179 | -14.1% |
| Amounts payable after more than one year | 17 | €38,168 | €27,830 | -€10,337 | -27.1% |
| Financial debts | 170/4 | €38,168 | €27,830 | -€10,337 | -27.1% |
| Amounts payable within one year | 42/48 | €26,941 | €28,099 | +€1,158 | +4.3% |
| Current portion of amounts payable after more than one year | 42 | €9,911 | €10,337 | +€426 | +4.3% |
| Trade debts | 44 | - | €748 | +€748 | |
| Suppliers | 440/4 | - | €748 | +€748 | |
| Taxes, remuneration and social security | 45 | €17,030 | €17,014 | -€15 | -0.1% |
| Taxes | 450/3 | €17,030 | €17,014 | -€15 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,050 | €13,122 | +€4,072 | +45.0% |
| Other operating charges | 640/8 | €621 | €1,604 | +€983 | +158.2% |
| Non-recurring operating charges | 66A | - | €1,320 | +€1,320 | |
| Gross operating margin | 9900 | €102,443 | €75,025 | -€27,418 | -26.8% |
| Operating profit (loss) | 9901 | €92,772 | €58,979 | -€33,793 | -36.4% |
| Financial income | 75/76B | €83 | €359 | +€275 | +330.0% |
| Recurring financial income | 75 | €83 | €359 | +€275 | +330.0% |
| Financial charges | 65/66B | €1,100 | €1,913 | +€813 | +73.8% |
| Recurring financial charges | 65 | €1,100 | €1,913 | +€813 | +73.8% |
| Profit (loss) for the period before taxes | 9903 | €91,755 | €57,424 | -€34,331 | -37.4% |
| Income taxes | 67/77 | €25,020 | €12,149 | -€12,871 | -51.4% |
| Profit (loss) for the period | 9904 | €66,735 | €45,276 | -€21,460 | -32.2% |
| Profit (loss) for the period to be appropriated | 9905 | €66,735 | €45,276 | -€21,460 | -32.2% |
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 5 October 2026 via checked.be.