MEDI SEM: 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 SEM
Largest movements
- Cash +€63,217
up €63,217 (+8.4%), from €748,232 to €811,448
mainly Net result for the year (+€63,474) and Trade debts (+€647)
- Reserves +€63,474
up €63,474 (+8.4%), from €754,696 to €818,170
- Gross operating margin +€4,316
up €4,316 (+5.3%), from €80,690 to €85,006
- Financial income +€2,496
up €2,496 (+46.2%), from €5,407 to €7,902
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 | €767,250 | €831,371 | +€64,121 | +8.4% |
| Fixed assets | 21/28 | €642 | €298 | -€344 | -53.6% |
| Tangible fixed assets | 22/27 | €642 | €298 | -€344 | -53.6% |
| Furniture and vehicles | 24 | €642 | €298 | -€344 | -53.6% |
| Current assets | 29/58 | €766,608 | €831,073 | +€64,465 | +8.4% |
| Amounts receivable within one year | 40/41 | €15,850 | €17,045 | +€1,195 | +7.5% |
| Trade receivables | 40 | - | €1,248 | +€1,248 | |
| Other amounts receivable | 41 | €15,850 | €15,796 | -€54 | -0.3% |
| Cash at bank and in hand | 54/58 | €748,232 | €811,448 | +€63,217 | +8.4% |
| Deferred charges and accrued income | 490/1 | €2,526 | €2,580 | +€54 | +2.1% |
| Total equity and liabilities | 10/49 | €767,250 | €831,371 | +€64,121 | +8.4% |
| Equity | 10/15 | €767,088 | €830,562 | +€63,474 | +8.3% |
| Contributions | 10/11 | €12,392 | €12,392 | = | 0.0% |
| Reserves | 13 | €754,696 | €818,170 | +€63,474 | +8.4% |
| Distributable reserves | 133 | €754,696 | €818,170 | +€63,474 | +8.4% |
| Amounts payable | 17/49 | €162 | €809 | +€647 | +399.2% |
| Amounts payable within one year | 42/48 | €162 | €809 | +€647 | +399.2% |
| Trade debts | 44 | €162 | €809 | +€647 | +399.2% |
| Suppliers | 440/4 | €162 | €809 | +€647 | +399.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €389 | €344 | -€45 | -11.6% |
| Other operating charges | 640/8 | €437 | €450 | +€12 | +2.8% |
| Gross operating margin | 9900 | €80,690 | €85,006 | +€4,316 | +5.3% |
| Operating profit (loss) | 9901 | €79,863 | €84,212 | +€4,349 | +5.4% |
| Financial income | 75/76B | €5,407 | €7,902 | +€2,496 | +46.2% |
| Recurring financial income | 75 | €5,407 | €7,902 | +€2,496 | +46.2% |
| Financial charges | 65/66B | €841 | €941 | +€101 | +12.0% |
| Recurring financial charges | 65 | €841 | €941 | +€101 | +12.0% |
| Profit (loss) for the period before taxes | 9903 | €84,429 | €91,173 | +€6,744 | +8.0% |
| Income taxes | 67/77 | €27,238 | €27,698 | +€461 | +1.7% |
| Profit (loss) for the period | 9904 | €57,191 | €63,474 | +€6,283 | +11.0% |
| Profit (loss) for the period to be appropriated | 9905 | €57,191 | €63,474 | +€6,283 | +11.0% |
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 29 September 2026 via checked.be.