MEDEZORL: 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.
MEDEZORL
Largest movements
- Cash -€42,726
down €42,726 (-24.3%), from €175,471 to €132,744
mainly Other debts (-€49,041) and Debts after one year (-€23,620)
- Tangible fixed assets -€9,843
down €9,843 (-3.6%), from €272,114 to €262,271
of which Land and buildings: -€9,434
- Other debts -€49,041
down €49,041 (-45.8%), from €107,083 to €58,042
- Reserves +€33,900
up €33,900 (+14.4%), from €234,810 to €268,710
of which Distributable reserves: +€33,900
- Debts after one year -€23,620
down €23,620 (-21.2%), from €111,304 to €87,684
- Tax, wage and social debts -€20,725
down €20,725 (-84.7%), from €24,475 to €3,750
- Current portion of long-term debt +€9,113
up €9,113 (+39.6%), from €23,013 to €32,127
- Gross operating margin -€76,133
down €76,133 (-52.8%), from €144,269 to €68,136
- Taxes -€16,506
down €16,506 (-54.6%), from €30,256 to €13,750
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 | €522,360 | €470,025 | -€52,334 | -10.0% |
| Fixed assets | 21/28 | €272,114 | €262,271 | -€9,843 | -3.6% |
| Tangible fixed assets | 22/27 | €272,114 | €262,271 | -€9,843 | -3.6% |
| Land and buildings | 22 | €264,098 | €254,664 | -€9,434 | -3.6% |
| Plant, machinery and equipment | 23 | €6,246 | €6,925 | +€679 | +10.9% |
| Furniture and vehicles | 24 | €1,770 | €682 | -€1,088 | -61.4% |
| Current assets | 29/58 | €250,245 | €207,754 | -€42,491 | -17.0% |
| Amounts receivable within one year | 40/41 | €71,646 | €73,543 | +€1,897 | +2.6% |
| Trade receivables | 40 | €71,646 | €62,293 | -€9,354 | -13.1% |
| Other amounts receivable | 41 | - | €11,250 | +€11,250 | |
| Cash at bank and in hand | 54/58 | €175,471 | €132,744 | -€42,726 | -24.3% |
| Deferred charges and accrued income | 490/1 | €3,128 | €1,467 | -€1,662 | -53.1% |
| Total equity and liabilities | 10/49 | €522,360 | €470,025 | -€52,334 | -10.0% |
| Equity | 10/15 | €253,573 | €287,523 | +€33,950 | +13.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €234,810 | €268,710 | +€33,900 | +14.4% |
| 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 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €214,200 | €248,100 | +€33,900 | +15.8% |
| Profit (loss) carried forward | 14 | €163 | €213 | +€50 | +30.8% |
| Amounts payable | 17/49 | €268,786 | €182,502 | -€86,285 | -32.1% |
| Amounts payable after more than one year | 17 | €111,304 | €87,684 | -€23,620 | -21.2% |
| Financial debts | 170/4 | €111,304 | €87,684 | -€23,620 | -21.2% |
| Amounts payable within one year | 42/48 | €154,934 | €93,919 | -€61,015 | -39.4% |
| Current portion of amounts payable after more than one year | 42 | €23,013 | €32,127 | +€9,113 | +39.6% |
| Trade debts | 44 | €363 | - | -€363 | |
| Suppliers | 440/4 | €363 | - | -€363 | |
| Taxes, remuneration and social security | 45 | €24,475 | €3,750 | -€20,725 | -84.7% |
| Taxes | 450/3 | €24,475 | €3,750 | -€20,725 | -84.7% |
| Other amounts payable | 47/48 | €107,083 | €58,042 | -€49,041 | -45.8% |
| Accrued charges and deferred income | 492/3 | €2,548 | €899 | -€1,649 | -64.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,969 | €13,248 | +€279 | +2.2% |
| Other operating charges | 640/8 | €2,295 | €3,015 | +€721 | +31.4% |
| Gross operating margin | 9900 | €144,269 | €68,136 | -€76,133 | -52.8% |
| Operating profit (loss) | 9901 | €129,005 | €51,872 | -€77,133 | -59.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €4,520 | €4,172 | -€348 | -7.7% |
| Recurring financial charges | 65 | €4,520 | €4,172 | -€348 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | €124,485 | €47,700 | -€76,785 | -61.7% |
| Income taxes | 67/77 | €30,256 | €13,750 | -€16,506 | -54.6% |
| Profit (loss) for the period | 9904 | €94,229 | €33,950 | -€60,279 | -64.0% |
| Profit (loss) for the period to be appropriated | 9905 | €94,229 | €33,950 | -€60,279 | -64.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.