MEDI-VAHO: 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-VAHO
Largest movements
- Tangible fixed assets +€87,692
up €87,692 (+129%), from €68,054 to €155,746
of which Furniture and vehicles: +€91,763
- Cash +€83,361
up €83,361 (+117%), from €71,255 to €154,616
mainly Net result for the year (+€239,892) and Other debts (+€64,421)
- Deferred charges and accrued income +€27,992
up €27,992 (+39.5%), from €70,921 to €98,913
- Receivables within one year -€7,988
no longer reported in 2025 (was €7,988)
of which Other amounts receivable: -€5,988
- Other debts +€64,421
up €64,421 (+34.9%), from €184,797 to €249,218
- Debts after one year +€63,711
new in 2025: €63,711
- Tax, wage and social debts +€51,324
up €51,324 (+772%), from €6,650 to €57,974
of which Taxes: +€50,524
- Current portion of long-term debt +€16,987
new in 2025: €16,987
- Trade debts -€5,515
down €5,515 (-93.1%), from €5,922 to €407
- Gross operating margin +€100,113
up €100,113 (+39.9%), from €250,740 to €350,852
- Taxes +€23,221
up €23,221 (+42.1%), from €55,153 to €78,374
- Depreciation +€11,503
up €11,503 (+68.6%), from €16,757 to €28,260
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €218,218 | €409,275 | +€191,057 | +87.6% |
| Fixed assets | 21/28 | €68,054 | €155,746 | +€87,692 | +129% |
| Tangible fixed assets | 22/27 | €68,054 | €155,746 | +€87,692 | +129% |
| Land and buildings | 22 | €40,208 | - | -€40,208 | |
| Plant, machinery and equipment | 23 | €2,919 | - | -€2,919 | |
| Furniture and vehicles | 24 | €24,927 | €116,690 | +€91,763 | +368% |
| Other tangible fixed assets | 26 | - | €39,056 | +€39,056 | |
| Current assets | 29/58 | €150,164 | €253,529 | +€103,365 | +68.8% |
| Amounts receivable within one year | 40/41 | €7,988 | - | -€7,988 | |
| Trade receivables | 40 | €2,000 | - | -€2,000 | |
| Other amounts receivable | 41 | €5,988 | - | -€5,988 | |
| Cash at bank and in hand | 54/58 | €71,255 | €154,616 | +€83,361 | +117% |
| Deferred charges and accrued income | 490/1 | €70,921 | €98,913 | +€27,992 | +39.5% |
| Total equity and liabilities | 10/49 | €218,218 | €409,275 | +€191,057 | +87.6% |
| Equity | 10/15 | €20,460 | €20,460 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Amounts payable | 17/49 | €197,758 | €388,815 | +€191,057 | +96.6% |
| Amounts payable after more than one year | 17 | - | €63,711 | +€63,711 | |
| Financial debts | 170/4 | - | €63,711 | +€63,711 | |
| Amounts payable within one year | 42/48 | €197,369 | €324,587 | +€127,218 | +64.5% |
| Current portion of amounts payable after more than one year | 42 | - | €16,987 | +€16,987 | |
| Trade debts | 44 | €5,922 | €407 | -€5,515 | -93.1% |
| Suppliers | 440/4 | €5,922 | €407 | -€5,515 | -93.1% |
| Taxes, remuneration and social security | 45 | €6,650 | €57,974 | +€51,324 | +772% |
| Taxes | 450/3 | €6,650 | €57,174 | +€50,524 | +760% |
| Remuneration and social security | 454/9 | - | €800 | +€800 | |
| Other amounts payable | 47/48 | €184,797 | €249,218 | +€64,421 | +34.9% |
| Accrued charges and deferred income | 492/3 | €389 | €517 | +€128 | +32.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,757 | €28,260 | +€11,503 | +68.6% |
| Other operating charges | 640/8 | €968 | €2,029 | +€1,061 | +110% |
| Gross operating margin | 9900 | €250,740 | €350,852 | +€100,113 | +39.9% |
| Operating profit (loss) | 9901 | €233,014 | €320,562 | +€87,548 | +37.6% |
| Financial charges | 65/66B | €602 | €2,297 | +€1,695 | +282% |
| Recurring financial charges | 65 | €602 | €2,297 | +€1,695 | +282% |
| Profit (loss) for the period before taxes | 9903 | €232,412 | €318,266 | +€85,853 | +36.9% |
| Income taxes | 67/77 | €55,153 | €78,374 | +€23,221 | +42.1% |
| Profit (loss) for the period | 9904 | €177,259 | €239,892 | +€62,632 | +35.3% |
| Profit (loss) for the period to be appropriated | 9905 | €177,259 | €239,892 | +€62,632 | +35.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.