MEDHI: 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.
MEDHI
Largest movements
- Stocks and contracts -€178,396
down €178,396 (-63.8%), from €279,484 to €101,087
- Receivables within one year +€68,816
up €68,816 (+5.2%), from €1.3m to €1.4m
of which Trade receivables: +€68,252
- Cash +€29,539
up €29,539 (+100%), from €29,475 to €59,014
mainly Stocks and contracts (+€178,396) and Accrued charges and deferred income (+€38,239)
- Trade debts -€152,140
down €152,140 (-11.0%), from €1.4m to €1.2m
- Accrued charges and deferred income +€38,239
up €38,239 (+257%), from €14,866 to €53,105
- Tax, wage and social debts +€37,910
up €37,910 (+28.0%), from €135,245 to €173,155
of which Taxes: +€25,684
- Purchases and services +€561,725
up €561,725 (+18.9%), from €3.0m to €3.5m
- Turnover +€560,672
up €560,672 (+17.0%), from €3.3m to €3.9m
- Staff costs +€88,451
up €88,451 (+74.0%), from €119,560 to €208,012
- Write-downs -€49,376
no longer reported in 2023 (was €49,376)
- Other operating charges -€44,858
down €44,858 (-60.6%), from €74,046 to €29,188
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,695,209 | €1,604,765 | -€90,444 | -5.3% |
| Fixed assets | 21/28 | €51,480 | €41,041 | -€10,439 | -20.3% |
| Tangible fixed assets | 22/27 | €51,345 | €40,906 | -€10,439 | -20.3% |
| Furniture and vehicles | 24 | €31,484 | €25,828 | -€5,656 | -18.0% |
| Leasing and similar rights | 25 | €19,861 | €15,079 | -€4,783 | -24.1% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €1,643,729 | €1,563,723 | -€80,006 | -4.9% |
| Stocks and contracts in progress | 3 | €279,484 | €101,087 | -€178,396 | -63.8% |
| Stocks | 30/36 | €279,484 | €101,087 | -€178,396 | -63.8% |
| Amounts receivable within one year | 40/41 | €1,330,882 | €1,399,698 | +€68,816 | +5.2% |
| Trade receivables | 40 | €1,323,762 | €1,392,014 | +€68,252 | +5.2% |
| Other amounts receivable | 41 | €7,120 | €7,684 | +€565 | +7.9% |
| Cash at bank and in hand | 54/58 | €29,475 | €59,014 | +€29,539 | +100% |
| Deferred charges and accrued income | 490/1 | €3,888 | €3,923 | +€36 | +0.9% |
| Total equity and liabilities | 10/49 | €1,695,209 | €1,604,765 | -€90,444 | -5.3% |
| Equity | 10/15 | €119,634 | €122,714 | +€3,080 | +2.6% |
| Contributions | 10/11 | €18,100 | €18,100 | = | 0.0% |
| Capital | 10 | €18,100 | €18,100 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €101,534 | €104,614 | +€3,080 | +3.0% |
| Amounts payable | 17/49 | €1,575,575 | €1,482,051 | -€93,525 | -5.9% |
| Amounts payable after more than one year | 17 | €25,916 | €12,395 | -€13,521 | -52.2% |
| Financial debts | 170/4 | €25,916 | €12,395 | -€13,521 | -52.2% |
| Amounts payable within one year | 42/48 | €1,534,794 | €1,416,550 | -€118,243 | -7.7% |
| Current portion of amounts payable after more than one year | 42 | €13,625 | €4,065 | -€9,560 | -70.2% |
| Trade debts | 44 | €1,385,923 | €1,233,783 | -€152,140 | -11.0% |
| Suppliers | 440/4 | €1,385,923 | €1,233,783 | -€152,140 | -11.0% |
| Taxes, remuneration and social security | 45 | €135,245 | €173,155 | +€37,910 | +28.0% |
| Taxes | 450/3 | €96,318 | €122,003 | +€25,684 | +26.7% |
| Remuneration and social security | 454/9 | €38,927 | €51,152 | +€12,226 | +31.4% |
| Other amounts payable | 47/48 | - | €5,547 | +€5,547 | |
| Accrued charges and deferred income | 492/3 | €14,866 | €53,105 | +€38,239 | +257% |
| Turnover | 70 | €3,292,211 | €3,852,882 | +€560,672 | +17.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €2,978,192 | €3,539,917 | +€561,725 | +18.9% |
| Remuneration, social security and pensions | 62 | €119,560 | €208,012 | +€88,451 | +74.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,606 | €16,839 | +€1,232 | +7.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €49,376 | - | -€49,376 | |
| Other operating charges | 640/8 | €74,046 | €29,188 | -€44,858 | -60.6% |
| Gross operating margin | 9900 | €314,019 | €312,965 | -€1,053 | -0.3% |
| Operating profit (loss) | 9901 | €55,430 | €58,926 | +€3,496 | +6.3% |
| Financial income | 75/76B | €48 | €136 | +€88 | +181% |
| Recurring financial income | 75 | €48 | €136 | +€88 | +181% |
| Financial charges | 65/66B | €1,756 | €10,941 | +€9,185 | +523% |
| Recurring financial charges | 65 | €1,756 | €10,941 | +€9,185 | +523% |
| Profit (loss) for the period before taxes | 9903 | €53,722 | €48,122 | -€5,601 | -10.4% |
| Income taxes | 67/77 | €27,685 | €45,041 | +€17,356 | +62.7% |
| Profit (loss) for the period | 9904 | €26,037 | €3,080 | -€22,957 | -88.2% |
| Profit (loss) for the period to be appropriated | 9905 | €26,037 | €3,080 | -€22,957 | -88.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.