MEDI FOZA: 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 FOZA
Largest movements
- Receivables after one year -€16,500
down €16,500 (-8.1%), from €203,378 to €186,878
- Cash -€4,084
down €4,084 (-4.8%), from €85,157 to €81,073
mainly Net result for the year (-€12,190) and Debts after one year (-€7,099)
- Profit (loss) carried forward -€12,190
down €12,190 (-7.0%), from €173,557 to €161,367
- Debts after one year -€7,099
down €7,099 (-36.7%), from €19,328 to €12,229
- Other debts -€4,804
no longer reported in 2025 (was €4,804)
- Gross operating margin -€59,928
down €59,928, from €54,071 to -€5,857
- Taxes -€11,530
down €11,530, from €11,478 to -€52
- Depreciation -€5,001
down €5,001 (-51.4%), from €9,726 to €4,725
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 | €318,136 | €299,786 | -€18,350 | -5.8% |
| Fixed assets | 21/28 | €19,813 | €20,843 | +€1,030 | +5.2% |
| Tangible fixed assets | 22/27 | €14,394 | €15,424 | +€1,030 | +7.2% |
| Furniture and vehicles | 24 | €2,739 | €1,122 | -€1,617 | -59.0% |
| Other tangible fixed assets | 26 | €11,655 | €14,302 | +€2,647 | +22.7% |
| Financial fixed assets | 28 | €5,419 | €5,419 | = | 0.0% |
| Current assets | 29/58 | €298,323 | €278,943 | -€19,380 | -6.5% |
| Amounts receivable after more than one year | 29 | €203,378 | €186,878 | -€16,500 | -8.1% |
| Other amounts receivable | 291 | €203,378 | €186,878 | -€16,500 | -8.1% |
| Amounts receivable within one year | 40/41 | €9,756 | €10,992 | +€1,236 | +12.7% |
| Other amounts receivable | 41 | €9,756 | €10,992 | +€1,236 | +12.7% |
| Cash at bank and in hand | 54/58 | €85,157 | €81,073 | -€4,084 | -4.8% |
| Deferred charges and accrued income | 490/1 | €33 | - | -€33 | |
| Total equity and liabilities | 10/49 | €318,136 | €299,786 | -€18,350 | -5.8% |
| Equity | 10/15 | €262,158 | €249,968 | -€12,190 | -4.6% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Capital | 10 | €1 | €1 | = | 0.0% |
| Issued capital | 100 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €88,600 | €88,600 | = | 0.0% |
| Non-distributable reserves | 130/1 | €18,600 | €18,600 | = | 0.0% |
| Legal reserve | 130 | €18,600 | €18,600 | = | 0.0% |
| Distributable reserves | 133 | €70,000 | €70,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €173,557 | €161,367 | -€12,190 | -7.0% |
| Amounts payable | 17/49 | €55,978 | €49,818 | -€6,160 | -11.0% |
| Amounts payable after more than one year | 17 | €19,328 | €12,229 | -€7,099 | -36.7% |
| Financial debts | 170/4 | €19,328 | €12,229 | -€7,099 | -36.7% |
| Amounts payable within one year | 42/48 | €36,651 | €37,590 | +€939 | +2.6% |
| Current portion of amounts payable after more than one year | 42 | €6,871 | €7,099 | +€228 | +3.3% |
| Trade debts | 44 | €9,401 | €12,216 | +€2,814 | +29.9% |
| Suppliers | 440/4 | €9,401 | €12,216 | +€2,814 | +29.9% |
| Taxes, remuneration and social security | 45 | €15,575 | €18,275 | +€2,700 | +17.3% |
| Taxes | 450/3 | €15,375 | €12,975 | -€2,400 | -15.6% |
| Remuneration and social security | 454/9 | €200 | €5,300 | +€5,100 | +2,550% |
| Other amounts payable | 47/48 | €4,804 | - | -€4,804 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,726 | €4,725 | -€5,001 | -51.4% |
| Other operating charges | 640/8 | €1,287 | €752 | -€534 | -41.5% |
| Non-recurring operating charges | 66A | €450 | - | -€450 | |
| Gross operating margin | 9900 | €54,071 | -€5,857 | -€59,928 | |
| Operating profit (loss) | 9901 | €42,609 | -€11,334 | -€53,943 | |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €1,178 | €910 | -€268 | -22.7% |
| Recurring financial charges | 65 | €1,178 | €910 | -€268 | -22.7% |
| Profit (loss) for the period before taxes | 9903 | €41,431 | -€12,242 | -€53,673 | |
| Income taxes | 67/77 | €11,478 | -€52 | -€11,530 | |
| Profit (loss) for the period | 9904 | €29,953 | -€12,190 | -€42,143 | |
| Profit (loss) for the period to be appropriated | 9905 | €29,953 | -€12,190 | -€42,143 |
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 15 October 2026 via checked.be.