MEDI-L: 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.
MEDI-L
Largest movements
- Current investments +€75,166
up €75,166 (+33.3%), from €225,865 to €301,032
- Cash +€29,842
up €29,842 (+40.7%), from €73,268 to €103,111
mainly Net result for the year (+€62,820) and Tax, wage and social debts (+€26,485)
- Receivables within one year -€11,456
down €11,456 (-43.8%), from €26,156 to €14,700
of which Trade receivables: -€26,156
- Tangible fixed assets -€8,817
down €8,817 (-15.8%), from €55,790 to €46,972
of which Furniture and vehicles: -€5,665
- Reserves +€62,820
up €62,820 (+217.6%), from €28,871 to €91,691
of which Distributable reserves: +€62,820
- Tax, wage and social debts +€26,485
up €26,485 (+162.0%), from €16,344 to €42,829
of which Taxes: +€27,901
- Trade debts -€6,051
down €6,051 (-49.5%), from €12,236 to €6,185
- Gross operating margin +€77,262
up €77,262 (+174.9%), from €44,186 to €121,448
- Taxes +€24,944
up €24,944 (+146.4%), from €17,035 to €41,980
- Financial income +€4,789
up €4,789 (+1045.5%), from €458 to €5,247
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 | €383,428 | €466,666 | +€83,238 | +21.7% |
| Fixed assets | 21/28 | €55,790 | €46,972 | -€8,817 | -15.8% |
| Tangible fixed assets | 22/27 | €55,790 | €46,972 | -€8,817 | -15.8% |
| Furniture and vehicles | 24 | €20,479 | €14,814 | -€5,665 | -27.7% |
| Other tangible fixed assets | 26 | €35,311 | €32,159 | -€3,152 | -8.9% |
| Current assets | 29/58 | €327,638 | €419,693 | +€92,056 | +28.1% |
| Amounts receivable within one year | 40/41 | €26,156 | €14,700 | -€11,456 | -43.8% |
| Trade receivables | 40 | €26,156 | - | -€26,156 | |
| Other amounts receivable | 41 | - | €14,700 | +€14,700 | |
| Current investments | 50/53 | €225,865 | €301,032 | +€75,166 | +33.3% |
| Cash at bank and in hand | 54/58 | €73,268 | €103,111 | +€29,842 | +40.7% |
| Deferred charges and accrued income | 490/1 | €2,348 | €851 | -€1,497 | -63.8% |
| Total equity and liabilities | 10/49 | €383,428 | €466,666 | +€83,238 | +21.7% |
| Equity | 10/15 | €344,831 | €407,651 | +€62,820 | +18.2% |
| Contributions | 10/11 | €6,667 | €6,667 | = | 0.0% |
| Reserves | 13 | €28,871 | €91,691 | +€62,820 | +217.6% |
| Non-distributable reserves | 130/1 | €10,371 | €10,371 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,371 | €10,371 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,500 | €18,500 | = | 0.0% |
| Distributable reserves | 133 | - | €62,820 | +€62,820 | |
| Profit (loss) carried forward | 14 | €309,293 | €309,293 | = | 0.0% |
| Amounts payable | 17/49 | €38,596 | €59,015 | +€20,418 | +52.9% |
| Amounts payable within one year | 42/48 | €38,596 | €59,015 | +€20,418 | +52.9% |
| Financial debts | 43 | €10,000 | €10,000 | = | 0.0% |
| Credit institutions | 430/8 | €10,000 | €10,000 | = | 0.0% |
| Trade debts | 44 | €12,236 | €6,185 | -€6,051 | -49.5% |
| Suppliers | 440/4 | €12,236 | €6,185 | -€6,051 | -49.5% |
| Taxes, remuneration and social security | 45 | €16,344 | €42,829 | +€26,485 | +162.0% |
| Taxes | 450/3 | €14,929 | €42,829 | +€27,901 | +186.9% |
| Remuneration and social security | 454/9 | €1,415 | - | -€1,415 | |
| Other amounts payable | 47/48 | €17 | - | -€17 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,780 | €19,882 | +€1,102 | +5.9% |
| Other operating charges | 640/8 | €568 | €656 | +€88 | +15.5% |
| Non-recurring operating charges | 66A | €5 | €121 | +€116 | +2280.8% |
| Gross operating margin | 9900 | €44,186 | €121,448 | +€77,262 | +174.9% |
| Operating profit (loss) | 9901 | €24,832 | €100,789 | +€75,956 | +305.9% |
| Financial income | 75/76B | €458 | €5,247 | +€4,789 | +1045.5% |
| Recurring financial income | 75 | €458 | €5,247 | +€4,789 | +1045.5% |
| Financial charges | 65/66B | €1,117 | €1,236 | +€119 | +10.7% |
| Recurring financial charges | 65 | €1,117 | €1,236 | +€119 | +10.7% |
| Profit (loss) for the period before taxes | 9903 | €24,174 | €104,799 | +€80,626 | +333.5% |
| Income taxes | 67/77 | €17,035 | €41,980 | +€24,944 | +146.4% |
| Profit (loss) for the period | 9904 | €7,138 | €62,820 | +€55,682 | +780.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,138 | €62,820 | +€55,682 | +780.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.