Médi & Val: 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.
Médi & Val
Largest movements
- Receivables within one year +€53,056
up €53,056 (+709%), from €7,482 to €60,538
of which Other amounts receivable: +€51,553
- Tangible fixed assets -€12,189
down €12,189 (-24.9%), from €49,047 to €36,857
of which Furniture and vehicles: -€11,036
- Cash +€4,792
up €4,792 (+19.5%), from €24,519 to €29,311
mainly Net result for the year (+€71,786) and Other debts (+€53,561)
- Financial fixed assets +€2,500
up €2,500 (+5,501%), from €45 to €2,545
- Deferred charges and accrued income -€2,382
down €2,382 (-38.6%), from €6,173 to €3,791
- Other debts +€53,561
up €53,561 (+2,708%), from €1,978 to €55,538
- Debts after one year -€11,972
down €11,972 (-43.5%), from €27,534 to €15,562
- Tax, wage and social debts +€3,051
up €3,051 (+117%), from €2,604 to €5,655
of which Taxes: +€2,596
- Gross operating margin +€33,288
up €33,288 (+33.9%), from €98,180 to €131,468
- Staff costs +€13,654
up €13,654 (+109%), from €12,518 to €26,172
- Taxes +€3,997
up €3,997 (+26.4%), from €15,166 to €19,163
- Depreciation +€3,236
up €3,236 (+36.1%), from €8,954 to €12,189
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 | €87,266 | €133,043 | +€45,777 | +52.5% |
| Fixed assets | 21/28 | €49,092 | €39,403 | -€9,689 | -19.7% |
| Tangible fixed assets | 22/27 | €49,047 | €36,857 | -€12,189 | -24.9% |
| Plant, machinery and equipment | 23 | €459 | €0 | -€459 | -100% |
| Furniture and vehicles | 24 | €44,279 | €33,243 | -€11,036 | -24.9% |
| Other tangible fixed assets | 26 | €4,309 | €3,615 | -€694 | -16.1% |
| Financial fixed assets | 28 | €45 | €2,545 | +€2,500 | +5,501% |
| Current assets | 29/58 | €38,174 | €93,640 | +€55,467 | +145% |
| Amounts receivable within one year | 40/41 | €7,482 | €60,538 | +€53,056 | +709% |
| Trade receivables | 40 | €4,306 | €5,810 | +€1,504 | +34.9% |
| Other amounts receivable | 41 | €3,176 | €54,728 | +€51,553 | +1,623% |
| Cash at bank and in hand | 54/58 | €24,519 | €29,311 | +€4,792 | +19.5% |
| Deferred charges and accrued income | 490/1 | €6,173 | €3,791 | -€2,382 | -38.6% |
| Total equity and liabilities | 10/49 | €87,266 | €133,043 | +€45,777 | +52.5% |
| Equity | 10/15 | €42,548 | €43,597 | +€1,049 | +2.5% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €39,048 | €39,048 | = | 0.0% |
| Distributable reserves | 133 | €39,048 | €39,048 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €1,049 | +€1,049 | |
| Amounts payable | 17/49 | €44,717 | €89,446 | +€44,728 | +100% |
| Amounts payable after more than one year | 17 | €27,534 | €15,562 | -€11,972 | -43.5% |
| Financial debts | 170/4 | €27,534 | €15,562 | -€11,972 | -43.5% |
| Amounts payable within one year | 42/48 | €17,183 | €73,884 | +€56,701 | +330% |
| Current portion of amounts payable after more than one year | 42 | €11,563 | €11,972 | +€409 | +3.5% |
| Trade debts | 44 | €1,039 | €719 | -€320 | -30.8% |
| Suppliers | 440/4 | €1,039 | €719 | -€320 | -30.8% |
| Taxes, remuneration and social security | 45 | €2,604 | €5,655 | +€3,051 | +117% |
| Taxes | 450/3 | €515 | €3,111 | +€2,596 | +504% |
| Remuneration and social security | 454/9 | €2,089 | €2,544 | +€455 | +21.8% |
| Other amounts payable | 47/48 | €1,978 | €55,538 | +€53,561 | +2,708% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €12,518 | €26,172 | +€13,654 | +109% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,954 | €12,189 | +€3,236 | +36.1% |
| Other operating charges | 640/8 | €1,437 | €890 | -€548 | -38.1% |
| Non-recurring operating charges | 66A | €88 | €0 | -€88 | -100% |
| Gross operating margin | 9900 | €98,180 | €131,468 | +€33,288 | +33.9% |
| Operating profit (loss) | 9901 | €75,183 | €92,217 | +€17,033 | +22.7% |
| Financial income | 75/76B | €149 | €0 | -€148 | -99.7% |
| Recurring financial income | 75 | €149 | €0 | -€148 | -99.7% |
| Financial charges | 65/66B | €1,339 | €1,268 | -€71 | -5.3% |
| Recurring financial charges | 65 | €1,339 | €1,268 | -€71 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | €73,993 | €90,949 | +€16,956 | +22.9% |
| Income taxes | 67/77 | €15,166 | €19,163 | +€3,997 | +26.4% |
| Profit (loss) for the period | 9904 | €58,827 | €71,786 | +€12,959 | +22.0% |
| Profit (loss) for the period to be appropriated | 9905 | €58,827 | €71,786 | +€12,959 | +22.0% |
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 27 October 2026 via checked.be.