MEDEV: 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.
MEDEV
Largest movements
- Deferred charges and accrued income +€84,251
up €84,251 (+80.1%), from €105,238 to €189,488
- Cash -€81,679
down €81,679 (-69.3%), from €117,914 to €36,235
mainly Deferred charges and accrued income (-€84,251) and Net result for the year (-€71,823)
- Tax, wage and social debts +€88,769
up €88,769 (+103.0%), from €86,165 to €174,933
- Profit (loss) carried forward -€71,823
down €71,823 (-7.7%), from €932,288 to €860,465
- Taxes +€252,804
up €252,804, from -€94,562 to €158,242
- Gross operating margin -€10,566
down €10,566 (-47.0%), from -€22,494 to -€33,059
- Financial income +€7,234
up €7,234 (+6.1%), from €118,321 to €125,555
- Financial charges +€3,441
up €3,441 (+923.8%), from €373 to €3,814
- Other operating charges +€1,264
up €1,264 (+126.6%), from €998 to €2,262
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 | €4,224,040 | €4,244,543 | +€20,503 | +0.5% |
| Fixed assets | 21/28 | €31,756 | €31,756 | = | 0.0% |
| Tangible fixed assets | 22/27 | €31,756 | €31,756 | = | 0.0% |
| Other tangible fixed assets | 26 | €31,756 | €31,756 | = | 0.0% |
| Current assets | 29/58 | €4,192,284 | €4,212,787 | +€20,503 | +0.5% |
| Amounts receivable after more than one year | 29 | €3,241,563 | €3,223,063 | -€18,500 | -0.6% |
| Other amounts receivable | 291 | €3,241,563 | €3,223,063 | -€18,500 | -0.6% |
| Amounts receivable within one year | 40/41 | €727,569 | €764,001 | +€36,431 | +5.0% |
| Other amounts receivable | 41 | €727,569 | €764,001 | +€36,431 | +5.0% |
| Cash at bank and in hand | 54/58 | €117,914 | €36,235 | -€81,679 | -69.3% |
| Deferred charges and accrued income | 490/1 | €105,238 | €189,488 | +€84,251 | +80.1% |
| Total equity and liabilities | 10/49 | €4,224,040 | €4,244,543 | +€20,503 | +0.5% |
| Equity | 10/15 | €4,046,442 | €3,974,619 | -€71,823 | -1.8% |
| Contributions | 10/11 | €3,062,800 | €3,062,800 | = | 0.0% |
| Reserves | 13 | €51,354 | €51,354 | = | 0.0% |
| Non-distributable reserves | 130/1 | €51,354 | €51,354 | = | 0.0% |
| Reserves not available under the articles | 1311 | €51,354 | €51,354 | = | 0.0% |
| Profit (loss) carried forward | 14 | €932,288 | €860,465 | -€71,823 | -7.7% |
| Amounts payable | 17/49 | €177,597 | €269,923 | +€92,326 | +52.0% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €175,992 | €267,946 | +€91,954 | +52.2% |
| Trade debts | 44 | €698 | €3,883 | +€3,185 | +456.4% |
| Suppliers | 440/4 | €698 | €3,883 | +€3,185 | +456.4% |
| Taxes, remuneration and social security | 45 | €86,165 | €174,933 | +€88,769 | +103.0% |
| Taxes | 450/3 | €86,165 | €174,933 | +€88,769 | +103.0% |
| Other amounts payable | 47/48 | €89,130 | €89,130 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,605 | €1,978 | +€372 | +23.2% |
| Other operating charges | 640/8 | €998 | €2,262 | +€1,264 | +126.6% |
| Gross operating margin | 9900 | -€22,494 | -€33,059 | -€10,566 | -47.0% |
| Operating profit (loss) | 9901 | -€23,492 | -€35,322 | -€11,830 | -50.4% |
| Financial income | 75/76B | €118,321 | €125,555 | +€7,234 | +6.1% |
| Recurring financial income | 75 | €118,321 | €125,555 | +€7,234 | +6.1% |
| Financial charges | 65/66B | €373 | €3,814 | +€3,441 | +923.8% |
| Recurring financial charges | 65 | €373 | €3,814 | +€3,441 | +923.8% |
| Profit (loss) for the period before taxes | 9903 | €94,457 | €86,419 | -€8,037 | -8.5% |
| Income taxes | 67/77 | -€94,562 | €158,242 | +€252,804 | |
| Profit (loss) for the period | 9904 | €189,019 | -€71,823 | -€260,842 | |
| Profit (loss) for the period to be appropriated | 9905 | €189,019 | -€71,823 | -€260,842 |
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 9 October 2026 via checked.be.