MEDI - KO: 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 - KO
Largest movements
- Current investments +€250,000
up €250,000 (+500%), from €50,000 to €300,000
- Tangible fixed assets -€108,596
down €108,596 (-5.4%), from €2.0m to €1.9m
of which Land and buildings: -€71,877
- Receivables within one year +€52,485
new in 2025: €52,485
- Cash -€44,477
down €44,477 (-2.1%), from €2.1m to €2.0m
mainly Current investments (-€250,000) and Contributions, distributions and other (-€201,338)
- Reserves +€272,292
up €272,292 (+11.0%), from €2.5m to €2.8m
of which Distributable reserves: +€272,292
- Other debts -€131,456
down €131,456 (-69.5%), from €189,263 to €57,807
- Gross operating margin +€84,173
up €84,173 (+11.7%), from €720,576 to €804,749
- Other operating charges -€81,513
down €81,513 (-76.9%), from €106,066 to €24,553
- Taxes +€69,361
up €69,361 (+69.4%), from €100,000 to €169,361
- Depreciation +€40,294
up €40,294 (+56.7%), from €71,011 to €111,306
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 | €4,168,612 | €4,308,150 | +€139,538 | +3.3% |
| Fixed assets | 21/28 | €2,014,803 | €1,906,207 | -€108,596 | -5.4% |
| Tangible fixed assets | 22/27 | €2,014,476 | €1,905,880 | -€108,596 | -5.4% |
| Land and buildings | 22 | €1,855,105 | €1,783,229 | -€71,877 | -3.9% |
| Plant, machinery and equipment | 23 | €80,934 | €93,665 | +€12,731 | +15.7% |
| Furniture and vehicles | 24 | €78,436 | €28,986 | -€49,450 | -63.0% |
| Financial fixed assets | 28 | €328 | €328 | = | 0.0% |
| Current assets | 29/58 | €2,153,808 | €2,401,943 | +€248,134 | +11.5% |
| Amounts receivable within one year | 40/41 | - | €52,485 | +€52,485 | |
| Other amounts receivable | 41 | - | €52,485 | +€52,485 | |
| Current investments | 50/53 | €50,000 | €300,000 | +€250,000 | +500% |
| Cash at bank and in hand | 54/58 | €2,093,914 | €2,049,437 | -€44,477 | -2.1% |
| Deferred charges and accrued income | 490/1 | €9,895 | €21 | -€9,873 | -99.8% |
| Total equity and liabilities | 10/49 | €4,168,612 | €4,308,150 | +€139,538 | +3.3% |
| Equity | 10/15 | €3,923,645 | €4,195,937 | +€272,292 | +6.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,486,011 | €2,758,303 | +€272,292 | +11.0% |
| Non-distributable reserves | 130/1 | €72,510 | €72,510 | = | 0.0% |
| Reserves not available under the articles | 1311 | €72,510 | €72,510 | = | 0.0% |
| Tax-exempt reserves | 132 | €197,870 | €197,870 | = | 0.0% |
| Distributable reserves | 133 | €2,215,631 | €2,487,923 | +€272,292 | +12.3% |
| Profit (loss) carried forward | 14 | €1,419,034 | €1,419,034 | = | 0.0% |
| Amounts payable | 17/49 | €244,967 | €112,213 | -€132,753 | -54.2% |
| Amounts payable within one year | 42/48 | €244,967 | €112,213 | -€132,753 | -54.2% |
| Trade debts | 44 | €29,888 | €14,035 | -€15,852 | -53.0% |
| Suppliers | 440/4 | €29,888 | €14,035 | -€15,852 | -53.0% |
| Taxes, remuneration and social security | 45 | €25,816 | €40,371 | +€14,555 | +56.4% |
| Taxes | 450/3 | €10,571 | €34,361 | +€23,790 | +225% |
| Remuneration and social security | 454/9 | €15,245 | €6,011 | -€9,235 | -60.6% |
| Other amounts payable | 47/48 | €189,263 | €57,807 | -€131,456 | -69.5% |
| Remuneration, social security and pensions | 62 | €34,600 | €36,571 | +€1,971 | +5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,011 | €111,306 | +€40,294 | +56.7% |
| Other operating charges | 640/8 | €106,066 | €24,553 | -€81,513 | -76.9% |
| Non-recurring operating charges | 66A | - | €6,890 | +€6,890 | |
| Gross operating margin | 9900 | €720,576 | €804,749 | +€84,173 | +11.7% |
| Operating profit (loss) | 9901 | €508,899 | €625,429 | +€116,530 | +22.9% |
| Financial income | 75/76B | €21,685 | €18,790 | -€2,895 | -13.3% |
| Recurring financial income | 75 | €21,685 | €18,790 | -€2,895 | -13.3% |
| Financial charges | 65/66B | €1,082 | €1,228 | +€146 | +13.5% |
| Recurring financial charges | 65 | €1,082 | €1,228 | +€146 | +13.5% |
| Profit (loss) for the period before taxes | 9903 | €529,501 | €642,990 | +€113,489 | +21.4% |
| Income taxes | 67/77 | €100,000 | €169,361 | +€69,361 | +69.4% |
| Profit (loss) for the period | 9904 | €429,501 | €473,630 | +€44,128 | +10.3% |
| Profit (loss) for the period to be appropriated | 9905 | €429,501 | €473,630 | +€44,128 | +10.3% |
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 15 October 2026 via checked.be.