Medeva: 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.
Medeva
Largest movements
- Receivables within one year +€1.0m
up €1.0m (+142.8%), from €732,187 to €1.8m
of which Trade receivables: +€1.4m
- Tangible fixed assets -€144,850
down €144,850 (-5.8%), from €2.5m to €2.4m
of which Plant, machinery and equipment: -€162,389
- Stocks and contracts -€65,125
down €65,125 (-100.0%), from €65,125 to €0
- Other debts +€1.4m
up €1.4m (+1337.3%), from €101,718 to €1.5m
- Debts after one year -€349,021
down €349,021 (-15.3%), from €2.3m to €1.9m
of which Financial debts: -€349,021
- Reserves -€111,601
down €111,601 (-10.0%), from €1.1m to €999,240
of which Distributable reserves: -€110,524
- Trade debts -€107,425
down €107,425 (-59.1%), from €181,860 to €74,435
- Current portion of long-term debt +€86,568
up €86,568 (+32.1%), from €269,495 to €356,063
- Gross operating margin -€216,099
down €216,099 (-19.9%), from €1.1m to €871,763
- Taxes -€87,958
down €87,958 (-82.6%), from €106,506 to €18,547
- Depreciation -€78,415
down €78,415 (-17.5%), from €448,735 to €370,320
- Staff costs +€44,502
up €44,502 (+22.2%), from €200,815 to €245,317
- Financial charges +€27,988
up €27,988 (+29.7%), from €94,103 to €122,091
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 | €4,073,105 | €4,926,205 | +€853,100 | +20.9% |
| Formation expenses | 20 | - | €17,360 | +€17,360 | |
| Fixed assets | 21/28 | €2,535,500 | €2,378,485 | -€157,015 | -6.2% |
| Intangible fixed assets | 21 | €38,374 | €26,209 | -€12,165 | -31.7% |
| Tangible fixed assets | 22/27 | €2,496,903 | €2,352,054 | -€144,850 | -5.8% |
| Land and buildings | 22 | €1,853,337 | €1,936,446 | +€83,109 | +4.5% |
| Plant, machinery and equipment | 23 | €364,515 | €202,126 | -€162,389 | -44.5% |
| Furniture and vehicles | 24 | €202,075 | €160,441 | -€41,634 | -20.6% |
| Leasing and similar rights | 25 | €76,977 | €53,042 | -€23,936 | -31.1% |
| Financial fixed assets | 28 | €222 | €222 | = | 0.0% |
| Current assets | 29/58 | €1,537,606 | €2,530,360 | +€992,755 | +64.6% |
| Stocks and contracts in progress | 3 | €65,125 | €0 | -€65,125 | -100.0% |
| Stocks | 30/36 | €65,125 | €0 | -€65,125 | -100.0% |
| Amounts receivable within one year | 40/41 | €732,187 | €1,777,531 | +€1.0m | +142.8% |
| Trade receivables | 40 | €11,278 | €1,369,509 | +€1.4m | +12042.8% |
| Other amounts receivable | 41 | €720,908 | €408,022 | -€312,887 | -43.4% |
| Cash at bank and in hand | 54/58 | €715,052 | €704,943 | -€10,109 | -1.4% |
| Deferred charges and accrued income | 490/1 | €25,242 | €47,887 | +€22,645 | +89.7% |
| Total equity and liabilities | 10/49 | €4,073,105 | €4,926,205 | +€853,100 | +20.9% |
| Equity | 10/15 | €1,129,390 | €1,016,725 | -€112,665 | -10.0% |
| Contributions | 10/11 | €18,550 | €17,485 | -€1,065 | -5.7% |
| Reserves | 13 | €1,110,840 | €999,240 | -€111,601 | -10.0% |
| Tax-exempt reserves | 132 | €18,750 | €17,674 | -€1,076 | -5.7% |
| Distributable reserves | 133 | €1,092,090 | €981,566 | -€110,524 | -10.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €2,943,715 | €3,909,480 | +€965,765 | +32.8% |
| Amounts payable after more than one year | 17 | €2,279,687 | €1,930,665 | -€349,021 | -15.3% |
| Financial debts | 170/4 | €2,269,022 | €1,920,000 | -€349,021 | -15.4% |
| Other amounts payable | 178/9 | €10,665 | €10,665 | = | 0.0% |
| Amounts payable within one year | 42/48 | €637,579 | €1,969,947 | +€1.3m | +209.0% |
| Current portion of amounts payable after more than one year | 42 | €269,495 | €356,063 | +€86,568 | +32.1% |
| Trade debts | 44 | €181,860 | €74,435 | -€107,425 | -59.1% |
| Suppliers | 440/4 | €181,860 | €74,435 | -€107,425 | -59.1% |
| Taxes, remuneration and social security | 45 | €84,506 | €77,496 | -€7,011 | -8.3% |
| Taxes | 450/3 | €41,482 | €30,387 | -€11,095 | -26.7% |
| Remuneration and social security | 454/9 | €43,025 | €47,109 | +€4,084 | +9.5% |
| Other amounts payable | 47/48 | €101,718 | €1,461,953 | +€1.4m | +1337.3% |
| Accrued charges and deferred income | 492/3 | €26,449 | €8,867 | -€17,581 | -66.5% |
| Remuneration, social security and pensions | 62 | €200,815 | €245,317 | +€44,502 | +22.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €448,735 | €370,320 | -€78,415 | -17.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €300 | +€300 | |
| Other operating charges | 640/8 | €10,598 | €21,383 | +€10,785 | +101.8% |
| Non-recurring operating charges | 66A | - | €7,375 | +€7,375 | |
| Gross operating margin | 9900 | €1,087,862 | €871,763 | -€216,099 | -19.9% |
| Operating profit (loss) | 9901 | €427,714 | €227,068 | -€200,645 | -46.9% |
| Financial income | 75/76B | €14,384 | €2,766 | -€11,619 | -80.8% |
| Recurring financial income | 75 | €14,384 | €2,766 | -€11,619 | -80.8% |
| Financial charges | 65/66B | €94,103 | €122,091 | +€27,988 | +29.7% |
| Recurring financial charges | 65 | €94,103 | €122,091 | +€27,988 | +29.7% |
| Profit (loss) for the period before taxes | 9903 | €347,995 | €107,743 | -€240,252 | -69.0% |
| Income taxes | 67/77 | €106,506 | €18,547 | -€87,958 | -82.6% |
| Profit (loss) for the period | 9904 | €241,490 | €89,196 | -€152,294 | -63.1% |
| Profit (loss) for the period to be appropriated | 9905 | €241,490 | €89,196 | -€152,294 | -63.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.