MEDEWA: 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.
MEDEWA
Largest movements
- Tangible fixed assets -€16,849
down €16,849 (-45.9%), from €36,709 to €19,860
of which Other tangible fixed assets: -€13,603
- Receivables within one year +€3,450
up €3,450 (+7.2%), from €47,892 to €51,342
- Profit (loss) carried forward -€8,216
down €8,216 (-21.5%), from €38,165 to €29,949
- Reserves -€3,467
down €3,467 (-65.1%), from €5,327 to €1,860
of which Tax-exempt reserves: -€3,467
- Provisions -€1,785
no longer reported in 2025 (was €1,785)
- Gross operating margin +€2,146
up €2,146 (+48.4%), from €4,437 to €6,583
- Other operating charges -€257
down €257 (-8.5%), from €3,026 to €2,769
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 | €88,801 | €75,309 | -€13,493 | -15.2% |
| Fixed assets | 21/28 | €40,695 | €23,846 | -€16,849 | -41.4% |
| Tangible fixed assets | 22/27 | €36,709 | €19,860 | -€16,849 | -45.9% |
| Land and buildings | 22 | €18,380 | €15,134 | -€3,246 | -17.7% |
| Other tangible fixed assets | 26 | €18,328 | €4,725 | -€13,603 | -74.2% |
| Financial fixed assets | 28 | €3,987 | €3,987 | = | 0.0% |
| Current assets | 29/58 | €48,106 | €51,462 | +€3,356 | +7.0% |
| Amounts receivable within one year | 40/41 | €47,892 | €51,342 | +€3,450 | +7.2% |
| Trade receivables | 40 | €47,892 | €51,342 | +€3,450 | +7.2% |
| Cash at bank and in hand | 54/58 | €142 | €45 | -€97 | -68.2% |
| Deferred charges and accrued income | 490/1 | €72 | €75 | +€3 | +4.5% |
| Total equity and liabilities | 10/49 | €88,801 | €75,309 | -€13,493 | -15.2% |
| Equity | 10/15 | €62,092 | €50,409 | -€11,683 | -18.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €5,327 | €1,860 | -€3,467 | -65.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,467 | - | -€3,467 | |
| Profit (loss) carried forward | 14 | €38,165 | €29,949 | -€8,216 | -21.5% |
| Provisions and deferred taxes | 16 | €1,785 | - | -€1,785 | |
| Deferred taxes | 168 | €1,785 | - | -€1,785 | |
| Amounts payable | 17/49 | €24,925 | €24,900 | -€25 | -0.1% |
| Amounts payable within one year | 42/48 | €24,925 | €24,900 | -€25 | -0.1% |
| Trade debts | 44 | €4,633 | €4,619 | -€15 | -0.3% |
| Suppliers | 440/4 | €4,633 | €4,619 | -€15 | -0.3% |
| Taxes, remuneration and social security | 45 | €418 | €407 | -€10 | -2.5% |
| Taxes | 450/3 | €418 | €407 | -€10 | -2.5% |
| Other amounts payable | 47/48 | €19,874 | €19,874 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,850 | €16,849 | -€1 | 0.0% |
| Other operating charges | 640/8 | €3,026 | €2,769 | -€257 | -8.5% |
| Gross operating margin | 9900 | €4,437 | €6,583 | +€2,146 | +48.4% |
| Operating profit (loss) | 9901 | -€15,439 | -€13,035 | +€2,405 | +15.6% |
| Financial charges | 65/66B | €421 | €433 | +€12 | +3.0% |
| Recurring financial charges | 65 | €421 | €433 | +€12 | +3.0% |
| Profit (loss) for the period before taxes | 9903 | -€15,860 | -€13,468 | +€2,392 | +15.1% |
| Transfer from deferred taxes | 780 | €1,792 | €1,785 | -€7 | -0.4% |
| Profit (loss) for the period | 9904 | -€14,068 | -€11,683 | +€2,386 | +17.0% |
| Transfer from tax-exempt reserves | 789 | €3,480 | €3,467 | -€13 | -0.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,588 | -€8,216 | +€2,372 | +22.4% |
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.