MEDI-RASH: 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-RASH
Largest movements
- Cash +€62,845
up €62,845 (+40.8%), from €153,861 to €216,705
mainly Net result for the year (+€57,159) and Depreciation (+€45,743)
- Intangible fixed assets -€35,000
down €35,000 (-14.3%), from €245,000 to €210,000
- Receivables within one year -€13,192
down €13,192 (-21.8%), from €60,539 to €47,347
of which Other amounts receivable: -€13,420
- Tangible fixed assets -€10,743
down €10,743 (-24.6%), from €43,646 to €32,904
of which Furniture and vehicles: -€7,456
- Debts after one year -€57,363
down €57,363 (-20.2%), from €283,510 to €226,147
- Reserves +€55,000
up €55,000 (+43.9%), from €125,360 to €180,360
of which Distributable reserves: +€55,000
- Gross operating margin +€41,666
up €41,666 (+36.6%), from €113,982 to €155,648
- Taxes +€39,556
up €39,556 (+326.8%), from €12,106 to €51,662
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 | €508,924 | €512,843 | +€3,919 | +0.8% |
| Fixed assets | 21/28 | €288,646 | €242,904 | -€45,743 | -15.8% |
| Intangible fixed assets | 21 | €245,000 | €210,000 | -€35,000 | -14.3% |
| Tangible fixed assets | 22/27 | €43,646 | €32,904 | -€10,743 | -24.6% |
| Furniture and vehicles | 24 | €22,851 | €15,395 | -€7,456 | -32.6% |
| Other tangible fixed assets | 26 | €20,795 | €17,509 | -€3,286 | -15.8% |
| Current assets | 29/58 | €220,278 | €269,939 | +€49,662 | +22.5% |
| Amounts receivable within one year | 40/41 | €60,539 | €47,347 | -€13,192 | -21.8% |
| Trade receivables | 40 | €41,545 | €41,773 | +€228 | +0.5% |
| Other amounts receivable | 41 | €18,994 | €5,574 | -€13,420 | -70.7% |
| Cash at bank and in hand | 54/58 | €153,861 | €216,705 | +€62,845 | +40.8% |
| Deferred charges and accrued income | 490/1 | €5,878 | €5,887 | +€9 | +0.1% |
| Total equity and liabilities | 10/49 | €508,924 | €512,843 | +€3,919 | +0.8% |
| Equity | 10/15 | €215,011 | €272,170 | +€57,159 | +26.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €125,360 | €180,360 | +€55,000 | +43.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €123,500 | €178,500 | +€55,000 | +44.5% |
| Profit (loss) carried forward | 14 | €71,051 | €73,210 | +€2,159 | +3.0% |
| Amounts payable | 17/49 | €293,913 | €240,672 | -€53,241 | -18.1% |
| Amounts payable after more than one year | 17 | €283,510 | €226,147 | -€57,363 | -20.2% |
| Other amounts payable | 178/9 | €283,510 | €226,147 | -€57,363 | -20.2% |
| Amounts payable within one year | 42/48 | €10,403 | €13,525 | +€3,122 | +30.0% |
| Trade debts | 44 | €3,395 | €4,225 | +€830 | +24.5% |
| Suppliers | 440/4 | €3,395 | €4,225 | +€830 | +24.5% |
| Taxes, remuneration and social security | 45 | €7,008 | €9,300 | +€2,292 | +32.7% |
| Taxes | 450/3 | €6,000 | €6,650 | +€650 | +10.8% |
| Remuneration and social security | 454/9 | €1,008 | €2,650 | +€1,642 | +162.9% |
| Accrued charges and deferred income | 492/3 | - | €1,000 | +€1,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,343 | €45,743 | -€600 | -1.3% |
| Other operating charges | 640/8 | €716 | €494 | -€222 | -31.0% |
| Gross operating margin | 9900 | €113,982 | €155,648 | +€41,666 | +36.6% |
| Operating profit (loss) | 9901 | €66,924 | €109,412 | +€42,488 | +63.5% |
| Financial charges | 65/66B | €419 | €591 | +€171 | +40.8% |
| Recurring financial charges | 65 | €419 | €591 | +€171 | +40.8% |
| Profit (loss) for the period before taxes | 9903 | €66,505 | €108,821 | +€42,317 | +63.6% |
| Income taxes | 67/77 | €12,106 | €51,662 | +€39,556 | +326.8% |
| Profit (loss) for the period | 9904 | €54,399 | €57,159 | +€2,761 | +5.1% |
| Profit (loss) for the period to be appropriated | 9905 | €54,399 | €57,159 | +€2,761 | +5.1% |
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 6 October 2026 via checked.be.