MEDHO: 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.
MEDHO
Largest movements
- Receivables within one year +€29,156
up €29,156 (+228.3%), from €12,772 to €41,928
of which Other amounts receivable: +€23,354
- Tangible fixed assets -€12,537
down €12,537 (-23.1%), from €54,214 to €41,677
- Cash -€4,949
down €4,949 (-100.0%), from €4,949 to €0
mainly Receivables within one year (-€29,156) and Debts after one year (-€8,096)
- Reserves +€9,320
new in 2025: €9,320
- Debts after one year -€8,096
down €8,096 (-16.2%), from €50,112 to €42,016
- Trade debts +€7,357
up €7,357 (+148.4%), from €4,957 to €12,314
- Profit (loss) carried forward +€6,664
up €6,664, from -€6,664 to €0
- Tax, wage and social debts -€5,962
down €5,962 (-41.4%), from €14,386 to €8,424
of which Taxes: -€5,962
- Gross operating margin +€23,704
up €23,704 (+158.6%), from €14,945 to €38,650
- Depreciation +€4,999
up €4,999 (+66.3%), from €7,538 to €12,537
- Financial charges +€2,862
up €2,862 (+152.9%), from €1,872 to €4,734
- Taxes +€2,763
up €2,763 (+103.8%), from €2,661 to €5,424
- Other operating charges -€611
down €611 (-50.7%), from €1,204 to €593
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 | €72,039 | €83,665 | +€11,626 | +16.1% |
| Fixed assets | 21/28 | €54,274 | €41,737 | -€12,537 | -23.1% |
| Tangible fixed assets | 22/27 | €54,214 | €41,677 | -€12,537 | -23.1% |
| Furniture and vehicles | 24 | €54,214 | €41,677 | -€12,537 | -23.1% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €17,765 | €41,928 | +€24,163 | +136.0% |
| Amounts receivable within one year | 40/41 | €12,772 | €41,928 | +€29,156 | +228.3% |
| Trade receivables | 40 | €8,142 | €13,944 | +€5,802 | +71.3% |
| Other amounts receivable | 41 | €4,630 | €27,984 | +€23,354 | +504.4% |
| Cash at bank and in hand | 54/58 | €4,949 | €0 | -€4,949 | -100.0% |
| Deferred charges and accrued income | 490/1 | €44 | €0 | -€44 | -100.0% |
| Total equity and liabilities | 10/49 | €72,039 | €83,665 | +€11,626 | +16.1% |
| Equity | 10/15 | -€5,164 | €10,820 | +€15,984 | |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | - | €9,320 | +€9,320 | |
| Distributable reserves | 133 | - | €9,320 | +€9,320 | |
| Profit (loss) carried forward | 14 | -€6,664 | €0 | +€6,664 | |
| Amounts payable | 17/49 | €77,203 | €72,845 | -€4,358 | -5.6% |
| Amounts payable after more than one year | 17 | €50,112 | €42,016 | -€8,096 | -16.2% |
| Financial debts | 170/4 | €50,112 | €42,016 | -€8,096 | -16.2% |
| Amounts payable within one year | 42/48 | €27,091 | €30,829 | +€3,738 | +13.8% |
| Current portion of amounts payable after more than one year | 42 | €7,748 | €8,941 | +€1,193 | +15.4% |
| Financial debts | 43 | - | €1,149 | +€1,149 | |
| Credit institutions | 430/8 | - | €1,149 | +€1,149 | |
| Trade debts | 44 | €4,957 | €12,314 | +€7,357 | +148.4% |
| Suppliers | 440/4 | €4,957 | €12,314 | +€7,357 | +148.4% |
| Taxes, remuneration and social security | 45 | €14,386 | €8,424 | -€5,962 | -41.4% |
| Taxes | 450/3 | €14,386 | €8,424 | -€5,962 | -41.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,538 | €12,537 | +€4,999 | +66.3% |
| Other operating charges | 640/8 | €1,204 | €593 | -€611 | -50.7% |
| Gross operating margin | 9900 | €14,945 | €38,650 | +€23,704 | +158.6% |
| Operating profit (loss) | 9901 | €6,203 | €25,519 | +€19,316 | +311.4% |
| Financial income | 75/76B | €75 | €623 | +€547 | +726.0% |
| Recurring financial income | 75 | €75 | €623 | +€547 | +726.0% |
| Financial charges | 65/66B | €1,872 | €4,734 | +€2,862 | +152.9% |
| Recurring financial charges | 65 | €1,872 | €4,734 | +€2,862 | +152.9% |
| Profit (loss) for the period before taxes | 9903 | €4,406 | €21,408 | +€17,002 | +385.8% |
| Income taxes | 67/77 | €2,661 | €5,424 | +€2,763 | +103.8% |
| Profit (loss) for the period | 9904 | €1,746 | €15,984 | +€14,239 | +815.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,746 | €15,984 | +€14,239 | +815.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.