MEDI-WARD: 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-WARD
Largest movements
- Cash -€85,430
down €85,430 (-87.0%), from €98,230 to €12,800
mainly Other debts (-€121,167) and Debts after one year (-€12,203)
- Intangible fixed assets -€27,500
down €27,500 (-12.5%), from €219,288 to €191,788
- Receivables within one year -€10,991
down €10,991 (-100.0%), from €10,991 to €0
- Tangible fixed assets -€6,166
down €6,166 (-76.3%), from €8,083 to €1,917
- Other debts -€121,167
down €121,167 (-56.6%), from €214,092 to €92,925
- Debts after one year -€12,203
down €12,203 (-16.6%), from €73,301 to €61,097
- Profit (loss) carried forward +€4,422
up €4,422 (+16.4%), from €27,003 to €31,424
- Gross operating margin -€6,509
down €6,509 (-12.9%), from €50,350 to €43,842
- Taxes -€1,517
down €1,517 (-46.5%), from €3,263 to €1,747
- Financial charges +€1,248
up €1,248 (+62.7%), from €1,989 to €3,237
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 | €337,416 | €207,414 | -€130,002 | -38.5% |
| Fixed assets | 21/28 | €227,371 | €193,705 | -€33,666 | -14.8% |
| Intangible fixed assets | 21 | €219,288 | €191,788 | -€27,500 | -12.5% |
| Tangible fixed assets | 22/27 | €8,083 | €1,917 | -€6,166 | -76.3% |
| Furniture and vehicles | 24 | €8,083 | €1,917 | -€6,166 | -76.3% |
| Current assets | 29/58 | €110,044 | €13,708 | -€96,336 | -87.5% |
| Amounts receivable within one year | 40/41 | €10,991 | €0 | -€10,991 | -100.0% |
| Trade receivables | 40 | €10,991 | €0 | -€10,991 | -100.0% |
| Cash at bank and in hand | 54/58 | €98,230 | €12,800 | -€85,430 | -87.0% |
| Deferred charges and accrued income | 490/1 | €823 | €908 | +€85 | +10.4% |
| Total equity and liabilities | 10/49 | €337,416 | €207,414 | -€130,002 | -38.5% |
| Equity | 10/15 | €35,003 | €39,424 | +€4,422 | +12.6% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,003 | €31,424 | +€4,422 | +16.4% |
| Amounts payable | 17/49 | €302,413 | €167,989 | -€134,424 | -44.5% |
| Amounts payable after more than one year | 17 | €73,301 | €61,097 | -€12,203 | -16.6% |
| Financial debts | 170/4 | €73,301 | €61,097 | -€12,203 | -16.6% |
| Amounts payable within one year | 42/48 | €229,099 | €106,875 | -€122,225 | -53.3% |
| Current portion of amounts payable after more than one year | 42 | €11,744 | €12,203 | +€459 | +3.9% |
| Taxes, remuneration and social security | 45 | €3,263 | €1,747 | -€1,517 | -46.5% |
| Taxes | 450/3 | €3,263 | €1,747 | -€1,517 | -46.5% |
| Other amounts payable | 47/48 | €214,092 | €92,925 | -€121,167 | -56.6% |
| Accrued charges and deferred income | 492/3 | €13 | €17 | +€4 | +32.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,666 | €33,666 | = | 0.0% |
| Other operating charges | 640/8 | €795 | €770 | -€25 | -3.1% |
| Gross operating margin | 9900 | €50,350 | €43,842 | -€6,509 | -12.9% |
| Operating profit (loss) | 9901 | €15,890 | €9,405 | -€6,484 | -40.8% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €1,989 | €3,237 | +€1,248 | +62.7% |
| Recurring financial charges | 65 | €1,989 | €3,237 | +€1,248 | +62.7% |
| Profit (loss) for the period before taxes | 9903 | €13,900 | €6,168 | -€7,732 | -55.6% |
| Income taxes | 67/77 | €3,263 | €1,747 | -€1,517 | -46.5% |
| Profit (loss) for the period | 9904 | €10,637 | €4,422 | -€6,215 | -58.4% |
| Profit (loss) for the period to be appropriated | 9905 | €10,637 | €4,422 | -€6,215 | -58.4% |
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.