MEDI-ORL: 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-ORL
Largest movements
- Tangible fixed assets +€566,557
up €566,557 (+1,775%), from €31,919 to €598,476
of which Land and buildings: +€547,021
- Cash -€203,740
down €203,740 (-19.7%), from €1.0m to €828,076
- Receivables within one year +€20,569
up €20,569 (+36.1%), from €57,024 to €77,594
- Reserves +€391,851
up €391,851 (+37.5%), from €1.0m to €1.4m
of which Distributable reserves: +€393,711
- Gross operating margin +€140,826
up €140,826 (+51.2%), from €275,233 to €416,059
- Taxes +€34,827
up €34,827 (+41.3%), from €84,325 to €119,152
- Depreciation +€16,120
up €16,120 (+137%), from €11,772 to €27,893
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,126,246 | €1,510,812 | +€384,565 | +34.1% |
| Fixed assets | 21/28 | €31,919 | €598,476 | +€566,557 | +1,775% |
| Tangible fixed assets | 22/27 | €31,919 | €598,476 | +€566,557 | +1,775% |
| Land and buildings | 22 | €8,320 | €555,341 | +€547,021 | +6,575% |
| Plant, machinery and equipment | 23 | €14,130 | €23,563 | +€9,432 | +66.8% |
| Furniture and vehicles | 24 | €9,469 | €4,572 | -€4,896 | -51.7% |
| Assets under construction and advance payments | 27 | - | €15,000 | +€15,000 | |
| Current assets | 29/58 | €1,094,327 | €912,336 | -€181,991 | -16.6% |
| Amounts receivable within one year | 40/41 | €57,024 | €77,594 | +€20,569 | +36.1% |
| Other amounts receivable | 41 | €57,024 | €77,594 | +€20,569 | +36.1% |
| Cash at bank and in hand | 54/58 | €1,031,816 | €828,076 | -€203,740 | -19.7% |
| Deferred charges and accrued income | 490/1 | €5,487 | €6,666 | +€1,180 | +21.5% |
| Total equity and liabilities | 10/49 | €1,126,246 | €1,510,812 | +€384,565 | +34.1% |
| Equity | 10/15 | €1,056,787 | €1,448,638 | +€391,851 | +37.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,044,387 | €1,436,238 | +€391,851 | +37.5% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €1,042,527 | €1,436,238 | +€393,711 | +37.8% |
| Amounts payable | 17/49 | €69,459 | €62,173 | -€7,286 | -10.5% |
| Amounts payable within one year | 42/48 | €69,459 | €62,173 | -€7,286 | -10.5% |
| Trade debts | 44 | €3,373 | €11,233 | +€7,860 | +233% |
| Suppliers | 440/4 | €3,373 | €11,233 | +€7,860 | +233% |
| Taxes, remuneration and social security | 45 | €65,586 | €50,940 | -€14,645 | -22.3% |
| Taxes | 450/3 | €65,586 | €49,940 | -€15,645 | -23.9% |
| Remuneration and social security | 454/9 | - | €1,000 | +€1,000 | |
| Other amounts payable | 47/48 | €500 | - | -€500 | |
| Remuneration, social security and pensions | 62 | - | €44 | +€44 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,772 | €27,893 | +€16,120 | +137% |
| Other operating charges | 640/8 | €2,526 | €3,911 | +€1,385 | +54.8% |
| Gross operating margin | 9900 | €275,233 | €416,059 | +€140,826 | +51.2% |
| Operating profit (loss) | 9901 | €260,935 | €384,211 | +€123,277 | +47.2% |
| Financial income | 75/76B | €181 | €4,105 | +€3,925 | +2,173% |
| Recurring financial income | 75 | €181 | €4,105 | +€3,925 | +2,173% |
| Financial charges | 65/66B | €291 | €308 | +€18 | +6.1% |
| Recurring financial charges | 65 | €291 | €308 | +€18 | +6.1% |
| Profit (loss) for the period before taxes | 9903 | €260,825 | €388,008 | +€127,183 | +48.8% |
| Income taxes | 67/77 | €84,325 | €119,152 | +€34,827 | +41.3% |
| Profit (loss) for the period | 9904 | €176,500 | €268,856 | +€92,356 | +52.3% |
| Profit (loss) for the period to be appropriated | 9905 | €176,500 | €268,856 | +€92,356 | +52.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2023 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.