MedFrih: 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.
MedFrih
Largest movements
- Cash +€23,702
up €23,702 (+6.6%), from €356,619 to €380,321
mainly Other debts (+€422,570) and Net result for the year (+€119,944)
- Receivables within one year +€17,172
up €17,172 (+112%), from €15,302 to €32,474
- Other debts +€422,570
new in 2025: €422,570
- Profit (loss) carried forward -€264,472
down €264,472 (-100.0%), from €264,476 to €4
- Tax, wage and social debts -€74,422
down €74,422 (-97.8%), from €76,075 to €1,652
- Reserves -€38,154
no longer reported in 2025 (was €38,154)
- Gross operating margin -€27,742
down €27,742 (-15.2%), from €182,616 to €154,875
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 | €379,646 | €424,938 | +€45,292 | +11.9% |
| Fixed assets | 21/28 | €5,618 | €7,815 | +€2,197 | +39.1% |
| Tangible fixed assets | 22/27 | €5,618 | €7,815 | +€2,197 | +39.1% |
| Furniture and vehicles | 24 | €5,618 | €7,815 | +€2,197 | +39.1% |
| Current assets | 29/58 | €374,028 | €417,123 | +€43,095 | +11.5% |
| Amounts receivable within one year | 40/41 | €15,302 | €32,474 | +€17,172 | +112% |
| Other amounts receivable | 41 | €15,302 | €32,474 | +€17,172 | +112% |
| Cash at bank and in hand | 54/58 | €356,619 | €380,321 | +€23,702 | +6.6% |
| Deferred charges and accrued income | 490/1 | €2,108 | €4,329 | +€2,221 | +105% |
| Total equity and liabilities | 10/49 | €379,646 | €424,938 | +€45,292 | +11.9% |
| Equity | 10/15 | €302,631 | €5 | -€302,626 | -100.0% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €38,154 | - | -€38,154 | |
| Distributable reserves | 133 | €38,154 | - | -€38,154 | |
| Profit (loss) carried forward | 14 | €264,476 | €4 | -€264,472 | -100.0% |
| Amounts payable | 17/49 | €77,015 | €424,933 | +€347,918 | +452% |
| Amounts payable within one year | 42/48 | €77,015 | €424,933 | +€347,918 | +452% |
| Trade debts | 44 | €941 | €711 | -€230 | -24.5% |
| Suppliers | 440/4 | €941 | €711 | -€230 | -24.5% |
| Taxes, remuneration and social security | 45 | €76,075 | €1,652 | -€74,422 | -97.8% |
| Taxes | 450/3 | €76,075 | €1,652 | -€74,422 | -97.8% |
| Other amounts payable | 47/48 | - | €422,570 | +€422,570 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,036 | €2,227 | +€1,192 | +115% |
| Other operating charges | 640/8 | - | €810 | +€810 | |
| Gross operating margin | 9900 | €182,616 | €154,875 | -€27,742 | -15.2% |
| Operating profit (loss) | 9901 | €181,581 | €151,838 | -€29,743 | -16.4% |
| Financial income | 75/76B | - | €1,667 | +€1,667 | |
| Recurring financial income | 75 | - | €1,667 | +€1,667 | |
| Financial charges | 65/66B | €75 | €98 | +€24 | +31.8% |
| Recurring financial charges | 65 | €75 | €98 | +€24 | +31.8% |
| Profit (loss) for the period before taxes | 9903 | €181,506 | €153,407 | -€28,100 | -15.5% |
| Income taxes | 67/77 | €32,867 | €33,462 | +€596 | +1.8% |
| Profit (loss) for the period | 9904 | €148,640 | €119,944 | -€28,695 | -19.3% |
| Profit (loss) for the period to be appropriated | 9905 | €148,640 | €119,944 | -€28,695 | -19.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.