MEDI ANH: 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.
MEDI ANH
Largest movements
- Cash +€29,599
up €29,599 (+107%), from €27,554 to €57,153
mainly Net result for the year (+€44,021) and Depreciation (+€24,379)
- Tangible fixed assets -€18,072
down €18,072 (-7.2%), from €251,400 to €233,328
- Receivables within one year +€14,089
up €14,089 (+40.0%), from €35,202 to €49,291
of which Trade receivables: +€12,431
- Reserves +€44,021
up €44,021 (+51.0%), from €86,321 to €130,342
of which Distributable reserves: +€44,021
- Debts after one year -€22,224
down €22,224 (-11.6%), from €192,297 to €170,074
- Gross operating margin +€23,501
up €23,501 (+33.5%), from €70,086 to €93,587
- Taxes +€7,717
up €7,717 (+65.1%), from €11,857 to €19,574
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 | €357,583 | €384,661 | +€27,078 | +7.6% |
| Fixed assets | 21/28 | €251,400 | €233,328 | -€18,072 | -7.2% |
| Tangible fixed assets | 22/27 | €251,400 | €233,328 | -€18,072 | -7.2% |
| Land and buildings | 22 | €152,745 | €148,196 | -€4,549 | -3.0% |
| Plant, machinery and equipment | 23 | €23,369 | €17,551 | -€5,818 | -24.9% |
| Furniture and vehicles | 24 | €65,905 | €59,902 | -€6,003 | -9.1% |
| Other tangible fixed assets | 26 | €9,381 | €7,679 | -€1,702 | -18.1% |
| Current assets | 29/58 | €106,183 | €151,333 | +€45,150 | +42.5% |
| Amounts receivable after more than one year | 29 | €40,677 | €40,677 | = | 0.0% |
| Other amounts receivable | 291 | €40,677 | €40,677 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €35,202 | €49,291 | +€14,089 | +40.0% |
| Trade receivables | 40 | - | €12,431 | +€12,431 | |
| Other amounts receivable | 41 | €35,202 | €36,860 | +€1,658 | +4.7% |
| Current investments | 50/53 | €1,000 | €1,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €27,554 | €57,153 | +€29,599 | +107% |
| Deferred charges and accrued income | 490/1 | €1,750 | €3,212 | +€1,461 | +83.5% |
| Total equity and liabilities | 10/49 | €357,583 | €384,661 | +€27,078 | +7.6% |
| Equity | 10/15 | €104,921 | €148,942 | +€44,021 | +42.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €86,321 | €130,342 | +€44,021 | +51.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €84,461 | €128,482 | +€44,021 | +52.1% |
| Amounts payable | 17/49 | €252,662 | €235,719 | -€16,943 | -6.7% |
| Amounts payable after more than one year | 17 | €192,297 | €170,074 | -€22,224 | -11.6% |
| Financial debts | 170/4 | €192,297 | €170,074 | -€22,224 | -11.6% |
| Amounts payable within one year | 42/48 | €59,532 | €64,820 | +€5,287 | +8.9% |
| Current portion of amounts payable after more than one year | 42 | €26,304 | €27,630 | +€1,326 | +5.0% |
| Financial debts | 43 | €14,364 | €16,678 | +€2,314 | +16.1% |
| Credit institutions | 430/8 | €14,364 | €16,678 | +€2,314 | +16.1% |
| Trade debts | 44 | €14,865 | €16,512 | +€1,647 | +11.1% |
| Suppliers | 440/4 | €14,865 | €16,512 | +€1,647 | +11.1% |
| Taxes, remuneration and social security | 45 | €4,000 | €4,000 | = | 0.0% |
| Remuneration and social security | 454/9 | €4,000 | €4,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €833 | €826 | -€7 | -0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,136 | €24,379 | -€757 | -3.0% |
| Other operating charges | 640/8 | €1,036 | €1,134 | +€97 | +9.4% |
| Gross operating margin | 9900 | €70,086 | €93,587 | +€23,501 | +33.5% |
| Operating profit (loss) | 9901 | €43,914 | €68,075 | +€24,161 | +55.0% |
| Financial income | 75/76B | €1,818 | €2,701 | +€883 | +48.6% |
| Recurring financial income | 75 | €1,818 | €2,701 | +€883 | +48.6% |
| Financial charges | 65/66B | €8,077 | €7,181 | -€896 | -11.1% |
| Recurring financial charges | 65 | €8,077 | €7,181 | -€896 | -11.1% |
| Profit (loss) for the period before taxes | 9903 | €37,655 | €63,595 | +€25,940 | +68.9% |
| Income taxes | 67/77 | €11,857 | €19,574 | +€7,717 | +65.1% |
| Profit (loss) for the period | 9904 | €25,798 | €44,021 | +€18,224 | +70.6% |
| Profit (loss) for the period to be appropriated | 9905 | €25,798 | €44,021 | +€18,224 | +70.6% |
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 18 October 2026 via checked.be.