MEDI - LINE: 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.
What changed
MEDI - LINE
NACE 32.500, Manufacture of medical and dental instruments and supplies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€293,181
2024 · €291,280+€1,900
Equity
€3.8m
2024 · €3.1m+€720,870
Cash
€241,054
2024 · €63,137+€177,916
Balance sheet total
€8.9m
2024 · €8.5m+€340,593
Largest movements
Assets
- Receivables within one year +€354,738
up €354,738 (+14.5%), from €2.4m to €2.8m
of which Other amounts receivable: +€399,981
- Cash +€177,916
up €177,916 (+282%), from €63,137 to €241,054
mainly Contributions, distributions and other (+€427,689) and Depreciation (+€312,829)
- Tangible fixed assets -€137,604
down €137,604 (-4.2%), from €3.3m to €3.2m
of which Assets under construction and advance payments: -€447,847
Equity and liabilities
- Investment grants +€427,689
up €427,689 (+805%), from €53,105 to €480,794
- Current portion of long-term debt -€251,279
down €251,279 (-52.8%), from €475,649 to €224,369
- Debts after one year -€224,369
down €224,369 (-10.5%), from €2.1m to €1.9m
- Tax, wage and social debts +€208,005
up €208,005 (+52.7%), from €394,488 to €602,493
of which Remuneration and social security: +€180,879
- Reserves +€164,190
up €164,190 (+10.3%), from €1.6m to €1.8m
of which Tax-exempt reserves: +€164,190
Income statement
- Goods and materials +€473,139
up €473,139 (+11.9%), from €4.0m to €4.5m
of which Change in stocks: decrease (increase): +€696,552
- Staff costs +€448,990
up €448,990 (+14.8%), from €3.0m to €3.5m
- Services and other goods -€416,987
down €416,987 (-14.7%), from €2.8m to €2.4m
- Turnover +€260,255
up €260,255 (+2.5%), from €10.6m to €10.9m
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.
Result 2024
€291,280
Turnover
+€260,255
Other operating income
+€11,305
Goods and materials
-€473,139
Services and other goods
+€416,987
Staff costs
-€448,990
Depreciation
-€84,333
Write-downs
-€93,974
Other operating charges
+€85,087
Other operating items
+€254,990
Financial income
+€48,271
Financial charges
+€15,895
Taxes
+€9,545
Result 2025
€293,181
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€533,313
Investment
-€162,438
Financing
-€192,959
Cash 2024
€63,137
From operations (derived)
+€533,313
Net result for the year
+€293,181
Depreciation
+€312,829
Stocks and contracts
+€50,109
Receivables within one year
-€354,738
Deferred charges and accrued income
-€8,440
Provisions
-€4,816
Trade debts
-€1,379
Tax, wage and social debts
+€208,005
Other debts
+€39,000
Accrued charges and deferred income
-€438
Investment (derived)
-€162,438
Investment in fixed assets (net)
-€171,151
Current investments
+€8,713
Financing
-€192,959
Debts after one year
-€224,369
Current portion of long-term debt
-€251,279
Short-term financial debts
-€145,000
Contributions, distributions and other
+€427,689
Cash 2025
€241,054
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,535,291 | €8,875,884 | +€340,593 | +4.0% |
| Fixed assets | 21/28 | €3,314,480 | €3,172,803 | -€141,678 | -4.3% |
| Intangible fixed assets | 21 | €13,857 | €9,783 | -€4,074 | -29.4% |
| Tangible fixed assets | 22/27 | €3,300,521 | €3,162,917 | -€137,604 | -4.2% |
| Land and buildings | 22 | €2,482,065 | €2,897,158 | +€415,092 | +16.7% |
| Plant, machinery and equipment | 23 | €81,093 | €59,817 | -€21,275 | -26.2% |
| Furniture and vehicles | 24 | €54,535 | €85,361 | +€30,826 | +56.5% |
| Leasing and similar rights | 25 | €234,982 | €120,582 | -€114,400 | -48.7% |
| Assets under construction and advance payments | 27 | €447,847 | - | -€447,847 | |
| Financial fixed assets | 28 | €102 | €102 | = | 0.0% |
| Other financial fixed assets | 284/8 | €102 | €102 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €102 | €102 | = | 0.0% |
| Current assets | 29/58 | €5,220,811 | €5,703,082 | +€482,271 | +9.2% |
| Stocks and contracts in progress | 3 | €2,661,927 | €2,611,818 | -€50,109 | -1.9% |
| Stocks | 30/36 | €2,218,510 | €2,611,818 | +€393,308 | +17.7% |
| Raw materials and consumables | 30/31 | €2,218,510 | €2,015,962 | -€202,548 | -9.1% |
| Work in progress | 32 | - | €595,856 | +€595,856 | |
| Contracts in progress | 37 | €443,417 | - | -€443,417 | |
| Amounts receivable within one year | 40/41 | €2,442,568 | €2,797,306 | +€354,738 | +14.5% |
| Trade receivables | 40 | €2,287,316 | €2,242,072 | -€45,244 | -2.0% |
| Other amounts receivable | 41 | €155,252 | €555,233 | +€399,981 | +258% |
| Current investments | 50/53 | €8,713 | - | -€8,713 | |
| Other investments | 51/53 | €8,713 | - | -€8,713 | |
| Cash at bank and in hand | 54/58 | €63,137 | €241,054 | +€177,916 | +282% |
| Deferred charges and accrued income | 490/1 | €44,465 | €52,905 | +€8,440 | +19.0% |
| Total equity and liabilities | 10/49 | €8,535,291 | €8,875,884 | +€340,593 | +4.0% |
| Equity | 10/15 | €3,056,823 | €3,777,693 | +€720,870 | +23.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,589,220 | €1,753,410 | +€164,190 | +10.3% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €703,070 | €867,260 | +€164,190 | +23.4% |
| Distributable reserves | 133 | €879,950 | €879,950 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,352,498 | €1,481,489 | +€128,991 | +9.5% |
| Investment grants | 15 | €53,105 | €480,794 | +€427,689 | +805% |
| Provisions and deferred taxes | 16 | €17,702 | €12,886 | -€4,816 | -27.2% |
| Deferred taxes | 168 | €17,702 | €12,886 | -€4,816 | -27.2% |
| Amounts payable | 17/49 | €5,460,766 | €5,085,306 | -€375,461 | -6.9% |
| Amounts payable after more than one year | 17 | €2,140,230 | €1,915,861 | -€224,369 | -10.5% |
| Financial debts | 170/4 | €2,140,230 | €1,915,861 | -€224,369 | -10.5% |
| Credit institutions | 173 | €2,140,230 | €1,915,861 | -€224,369 | -10.5% |
| Amounts payable within one year | 42/48 | €3,314,265 | €3,163,611 | -€150,654 | -4.5% |
| Current portion of amounts payable after more than one year | 42 | €475,649 | €224,369 | -€251,279 | -52.8% |
| Financial debts | 43 | €1,295,000 | €1,150,000 | -€145,000 | -11.2% |
| Credit institutions | 430/8 | €1,295,000 | €1,150,000 | -€145,000 | -11.2% |
| Trade debts | 44 | €1,149,128 | €1,147,749 | -€1,379 | -0.1% |
| Suppliers | 440/4 | €1,149,128 | €1,147,749 | -€1,379 | -0.1% |
| Taxes, remuneration and social security | 45 | €394,488 | €602,493 | +€208,005 | +52.7% |
| Taxes | 450/3 | €78,831 | €105,957 | +€27,126 | +34.4% |
| Remuneration and social security | 454/9 | €315,657 | €496,536 | +€180,879 | +57.3% |
| Other amounts payable | 47/48 | - | €39,000 | +€39,000 | |
| Accrued charges and deferred income | 492/3 | €6,271 | €5,833 | -€438 | -7.0% |
| Operating income | 70/76A | €10,657,153 | €11,183,703 | +€526,550 | +4.9% |
| Turnover | 70 | €10,604,713 | €10,864,968 | +€260,255 | +2.5% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€102,203 | €152,439 | +€254,642 | |
| Other operating income | 74 | €154,642 | €165,948 | +€11,305 | +7.3% |
| Non-recurring operating income | 76A | - | €348 | +€348 | |
| Operating charges | 60/66A | €10,109,174 | €10,707,536 | +€598,361 | +5.9% |
| Goods for resale, raw materials and consumables | 60 | €3,990,049 | €4,463,187 | +€473,139 | +11.9% |
| Purchases | 600/8 | €4,484,661 | €4,261,247 | -€223,414 | -5.0% |
| Change in stocks: decrease (increase) | 609 | -€494,612 | €201,940 | +€696,552 | |
| Services and other goods | 61 | €2,836,898 | €2,419,911 | -€416,987 | -14.7% |
| Remuneration, social security and pensions | 62 | €3,028,287 | €3,477,277 | +€448,990 | +14.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €228,495 | €312,829 | +€84,333 | +36.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€93,366 | €608 | +€93,974 | |
| Other operating charges | 640/8 | €118,811 | €33,724 | -€85,087 | -71.6% |
| Operating profit (loss) | 9901 | €547,978 | €476,167 | -€71,811 | -13.1% |
| Financial income | 75/76B | €22,500 | €70,771 | +€48,271 | +215% |
| Recurring financial income | 75 | €22,500 | €70,771 | +€48,271 | +215% |
| Other financial income | 752/9 | €22,500 | €70,771 | +€48,271 | +215% |
| Financial charges | 65/66B | €166,401 | €150,506 | -€15,895 | -9.6% |
| Recurring financial charges | 65 | €166,401 | €150,506 | -€15,895 | -9.6% |
| Debt charges | 650 | €147,737 | €141,512 | -€6,225 | -4.2% |
| Other financial charges | 652/9 | €18,664 | €8,993 | -€9,671 | -51.8% |
| Profit (loss) for the period before taxes | 9903 | €404,077 | €396,433 | -€7,644 | -1.9% |
| Transfer from deferred taxes | 780 | €4,816 | €4,816 | +€0 | 0.0% |
| Income taxes | 67/77 | €117,613 | €108,068 | -€9,545 | -8.1% |
| Taxes | 670/3 | €117,613 | €108,072 | -€9,541 | -8.1% |
| Tax adjustments and reversals of tax provisions | 77 | - | €4 | +€4 | |
| Profit (loss) for the period | 9904 | €291,280 | €293,181 | +€1,900 | +0.7% |
| Transfer to tax-exempt reserves | 689 | - | €164,190 | +€164,190 | |
| Profit (loss) for the period to be appropriated | 9905 | €291,280 | €128,991 | -€162,290 | -55.7% |
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 16 October 2026 via checked.be.