MEDI - MBIZI: 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 - MBIZI
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€59,077
2024 · €115,169-€56,092
Equity
€1.8m
2024 · €1.7m+€59,077
Cash
€255,202
2024 · €274,201-€19,000
Balance sheet total
€2.0m
2024 · €2.1m-€17,656
Largest movements
Assets
- Current investments +€99,040
new in 2025: €99,040
- Receivables within one year -€94,627
down €94,627 (-7.9%), from €1.2m to €1.1m
of which Other amounts receivable: -€86,573
Equity and liabilities
- Other debts -€60,000
down €60,000 (-100%), from €60,000 to €0
- Reserves +€59,077
up €59,077 (+35.1%), from €168,273 to €227,350
of which Distributable reserves: +€59,077
Income statement
- Financial charges +€101,996
up €101,996 (+57.1%), from €178,476 to €280,473
- Gross operating margin +€30,710
up €30,710 (+10.5%), from €292,507 to €323,217
- Taxes -€25,993
down €25,993 (-52.0%), from €49,950 to €23,957
- Financial income -€10,562
down €10,562 (-16.3%), from €64,675 to €54,113
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
€115,169
Gross operating margin
+€30,710
Depreciation
+€663
Other operating charges
-€898
Financial income
-€10,562
Financial charges
-€101,996
Taxes
+€25,993
Result 2025
€59,077
raises the resultlowers the result
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
+€90,998
Investment
-€109,998
Financing
€0
Cash 2024
€274,201
From operations (derived)
+€90,998
Net result for the year
+€59,077
Depreciation
+€6,597
Receivables after one year
+€7,524
Receivables within one year
+€94,627
Deferred charges and accrued income
-€94
Provisions
-€11,040
Trade debts
-€5,693
Other debts
-€60,000
Investment (derived)
-€109,998
Investment in fixed assets (net)
-€10,958
Current investments
-€99,040
Cash 2025
€255,202
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,061,241 | €2,043,585 | -€17,656 | -0.9% |
| Fixed assets | 21/28 | €362,093 | €366,454 | +€4,361 | +1.2% |
| Tangible fixed assets | 22/27 | €360,982 | €365,343 | +€4,361 | +1.2% |
| Land and buildings | 22 | €97,788 | €92,303 | -€5,486 | -5.6% |
| Plant, machinery and equipment | 23 | €2,166 | €0 | -€2,166 | -100% |
| Furniture and vehicles | 24 | €125 | €12,138 | +€12,013 | +9,574% |
| Assets under construction and advance payments | 27 | €260,902 | €260,902 | = | 0.0% |
| Financial fixed assets | 28 | €1,111 | €1,111 | = | 0.0% |
| Current assets | 29/58 | €1,699,148 | €1,677,131 | -€22,017 | -1.3% |
| Amounts receivable after more than one year | 29 | €223,411 | €215,887 | -€7,524 | -3.4% |
| Other amounts receivable | 291 | €223,411 | €215,887 | -€7,524 | -3.4% |
| Amounts receivable within one year | 40/41 | €1,200,173 | €1,105,546 | -€94,627 | -7.9% |
| Trade receivables | 40 | €125,957 | €117,903 | -€8,054 | -6.4% |
| Other amounts receivable | 41 | €1,074,217 | €987,643 | -€86,573 | -8.1% |
| Current investments | 50/53 | - | €99,040 | +€99,040 | |
| Cash at bank and in hand | 54/58 | €274,201 | €255,202 | -€19,000 | -6.9% |
| Deferred charges and accrued income | 490/1 | €1,362 | €1,456 | +€94 | +6.9% |
| Total equity and liabilities | 10/49 | €2,061,241 | €2,043,585 | -€17,656 | -0.9% |
| Equity | 10/15 | €1,747,140 | €1,806,217 | +€59,077 | +3.4% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €168,273 | €227,350 | +€59,077 | +35.1% |
| Non-distributable reserves | 130/1 | €6,000 | €6,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,000 | €6,000 | = | 0.0% |
| Other | 1319 | €0 | - | = | |
| Distributable reserves | 133 | €162,273 | €221,350 | +€59,077 | +36.4% |
| Profit (loss) carried forward | 14 | €1,518,867 | €1,518,867 | = | 0.0% |
| Provisions and deferred taxes | 16 | €230,614 | €219,574 | -€11,040 | -4.8% |
| Provisions for liabilities and charges | 160/5 | €230,614 | €219,574 | -€11,040 | -4.8% |
| Pensions and similar obligations | 160 | €230,614 | €219,574 | -€11,040 | -4.8% |
| Amounts payable | 17/49 | €83,487 | €17,794 | -€65,693 | -78.7% |
| Amounts payable within one year | 42/48 | €83,487 | €17,794 | -€65,693 | -78.7% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €23,487 | €17,794 | -€5,693 | -24.2% |
| Suppliers | 440/4 | €23,487 | €17,794 | -€5,693 | -24.2% |
| Other amounts payable | 47/48 | €60,000 | €0 | -€60,000 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,260 | €6,597 | -€663 | -9.1% |
| Other operating charges | 640/8 | €6,328 | €7,226 | +€898 | +14.2% |
| Gross operating margin | 9900 | €292,507 | €323,217 | +€30,710 | +10.5% |
| Operating profit (loss) | 9901 | €278,920 | €309,394 | +€30,474 | +10.9% |
| Financial income | 75/76B | €64,675 | €54,113 | -€10,562 | -16.3% |
| Recurring financial income | 75 | €64,675 | €54,113 | -€10,562 | -16.3% |
| Financial charges | 65/66B | €178,476 | €280,473 | +€101,996 | +57.1% |
| Recurring financial charges | 65 | €178,476 | €280,473 | +€101,996 | +57.1% |
| Profit (loss) for the period before taxes | 9903 | €165,118 | €83,034 | -€82,084 | -49.7% |
| Income taxes | 67/77 | €49,950 | €23,957 | -€25,993 | -52.0% |
| Profit (loss) for the period | 9904 | €115,169 | €59,077 | -€56,092 | -48.7% |
| Profit (loss) for the period to be appropriated | 9905 | €115,169 | €59,077 | -€56,092 | -48.7% |
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 26 October 2026 via checked.be.