MEDI WARSY: 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 WARSY
Largest movements
- Receivables after one year -€180,000
no longer reported in 2025 (was €180,000)
- Cash +€148,878
up €148,878 (+103%), from €145,106 to €293,984
mainly Receivables after one year (+€180,000) and Net result for the year (+€45,248)
- Current investments +€80,000
up €80,000 (+133%), from €60,090 to €140,090
- Deferred charges and accrued income -€5,894
down €5,894 (-99.3%), from €5,933 to €39
- Reserves +€44,000
up €44,000 (+43.2%), from €101,860 to €145,860
of which Distributable reserves: +€44,000
- Other debts -€5,629
down €5,629 (-63.7%), from €8,830 to €3,201
- Gross operating margin -€10,254
down €10,254 (-13.2%), from €77,491 to €67,237
- Financial charges +€3,007
up €3,007 (+1,916%), from €157 to €3,164
- Financial income -€2,269
down €2,269 (-38.9%), from €5,833 to €3,564
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 | €395,751 | €436,109 | +€40,358 | +10.2% |
| Fixed assets | 21/28 | €2,622 | €1,996 | -€626 | -23.9% |
| Tangible fixed assets | 22/27 | €2,502 | €1,876 | -€626 | -25.0% |
| Plant, machinery and equipment | 23 | €2,127 | €1,653 | -€474 | -22.3% |
| Furniture and vehicles | 24 | €375 | €223 | -€152 | -40.5% |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €393,129 | €434,113 | +€40,984 | +10.4% |
| Amounts receivable after more than one year | 29 | €180,000 | - | -€180,000 | |
| Other amounts receivable | 291 | €180,000 | - | -€180,000 | |
| Amounts receivable within one year | 40/41 | €2,000 | - | -€2,000 | |
| Trade receivables | 40 | €2,000 | - | -€2,000 | |
| Current investments | 50/53 | €60,090 | €140,090 | +€80,000 | +133% |
| Cash at bank and in hand | 54/58 | €145,106 | €293,984 | +€148,878 | +103% |
| Deferred charges and accrued income | 490/1 | €5,933 | €39 | -€5,894 | -99.3% |
| Total equity and liabilities | 10/49 | €395,751 | €436,109 | +€40,358 | +10.2% |
| Equity | 10/15 | €385,082 | €430,330 | +€45,248 | +11.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €101,860 | €145,860 | +€44,000 | +43.2% |
| 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 | €100,000 | €144,000 | +€44,000 | +44.0% |
| Profit (loss) carried forward | 14 | €264,622 | €265,870 | +€1,248 | +0.5% |
| Amounts payable | 17/49 | €10,669 | €5,779 | -€4,890 | -45.8% |
| Amounts payable within one year | 42/48 | €10,669 | €5,779 | -€4,890 | -45.8% |
| Trade debts | 44 | €1,037 | €923 | -€113 | -10.9% |
| Suppliers | 440/4 | €1,037 | €923 | -€113 | -10.9% |
| Taxes, remuneration and social security | 45 | €803 | €1,655 | +€852 | +106% |
| Taxes | 450/3 | €803 | €1,655 | +€852 | +106% |
| Other amounts payable | 47/48 | €8,830 | €3,201 | -€5,629 | -63.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €792 | €626 | -€166 | -21.0% |
| Other operating charges | 640/8 | €442 | €445 | +€3 | +0.7% |
| Gross operating margin | 9900 | €77,491 | €67,237 | -€10,254 | -13.2% |
| Operating profit (loss) | 9901 | €76,257 | €66,167 | -€10,090 | -13.2% |
| Financial income | 75/76B | €5,833 | €3,564 | -€2,269 | -38.9% |
| Recurring financial income | 75 | €5,833 | €3,564 | -€2,269 | -38.9% |
| Financial charges | 65/66B | €157 | €3,164 | +€3,007 | +1,916% |
| Recurring financial charges | 65 | €157 | €3,164 | +€3,007 | +1,916% |
| Profit (loss) for the period before taxes | 9903 | €81,933 | €66,566 | -€15,367 | -18.8% |
| Income taxes | 67/77 | €21,295 | €21,318 | +€23 | +0.1% |
| Profit (loss) for the period | 9904 | €60,638 | €45,248 | -€15,390 | -25.4% |
| Profit (loss) for the period to be appropriated | 9905 | €60,638 | €45,248 | -€15,390 | -25.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.