MEDIAAN: 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.
MEDIAAN
Largest movements
- Cash -€33,244
down €33,244 (-11.5%), from €289,218 to €255,974
mainly Advances received (-€23,077) and Deferred charges and accrued income (-€20,738)
- Deferred charges and accrued income +€20,738
up €20,738 (+116.4%), from €17,810 to €38,548
- Receivables within one year +€9,318
up €9,318 (+9.8%), from €94,632 to €103,951
of which Trade receivables: +€11,398
- Advances received -€23,077
down €23,077 (-13.6%), from €169,705 to €146,628
- Trade debts +€19,232
up €19,232 (+127.1%), from €15,127 to €34,360
- Other debts -€13,550
down €13,550 (-28.4%), from €47,793 to €34,244
- Accrued charges and deferred income +€10,000
new in 2025: €10,000
- Staff costs -€13,358
down €13,358 (-13.0%), from €102,515 to €89,157
- Gross operating margin -€11,702
down €11,702 (-10.7%), from €109,352 to €97,650
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 | €405,933 | €401,167 | -€4,767 | -1.2% |
| Fixed assets | 21/28 | €4,273 | €2,694 | -€1,579 | -37.0% |
| Intangible fixed assets | 21 | €487 | €487 | = | 0.0% |
| Tangible fixed assets | 22/27 | €3,419 | €1,840 | -€1,579 | -46.2% |
| Plant, machinery and equipment | 23 | €280 | €0 | -€280 | -100.0% |
| Furniture and vehicles | 24 | €3,139 | €1,840 | -€1,299 | -41.4% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Financial fixed assets | 28 | €367 | €367 | = | 0.0% |
| Current assets | 29/58 | €401,660 | €398,473 | -€3,187 | -0.8% |
| Amounts receivable within one year | 40/41 | €94,632 | €103,951 | +€9,318 | +9.8% |
| Trade receivables | 40 | €90,839 | €102,237 | +€11,398 | +12.5% |
| Other amounts receivable | 41 | €3,793 | €1,714 | -€2,080 | -54.8% |
| Cash at bank and in hand | 54/58 | €289,218 | €255,974 | -€33,244 | -11.5% |
| Deferred charges and accrued income | 490/1 | €17,810 | €38,548 | +€20,738 | +116.4% |
| Total equity and liabilities | 10/49 | €405,933 | €401,167 | -€4,767 | -1.2% |
| Equity | 10/15 | €95,887 | €99,705 | +€3,818 | +4.0% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Reserves | 13 | €8,000 | €8,000 | = | 0.0% |
| Distributable reserves | 133 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,887 | €11,705 | +€3,818 | +48.4% |
| Amounts payable | 17/49 | €310,046 | €301,462 | -€8,585 | -2.8% |
| Amounts payable after more than one year | 17 | €53,004 | €53,813 | +€809 | +1.5% |
| Financial debts | 170/4 | €53,004 | €53,813 | +€809 | +1.5% |
| Amounts payable within one year | 42/48 | €257,043 | €237,649 | -€19,394 | -7.5% |
| Trade debts | 44 | €15,127 | €34,360 | +€19,232 | +127.1% |
| Suppliers | 440/4 | €15,127 | €34,360 | +€19,232 | +127.1% |
| Advances received on contracts in progress | 46 | €169,705 | €146,628 | -€23,077 | -13.6% |
| Taxes, remuneration and social security | 45 | €24,417 | €22,417 | -€2,000 | -8.2% |
| Taxes | 450/3 | €6,400 | €4,102 | -€2,298 | -35.9% |
| Remuneration and social security | 454/9 | €18,017 | €18,315 | +€298 | +1.7% |
| Other amounts payable | 47/48 | €47,793 | €34,244 | -€13,550 | -28.4% |
| Accrued charges and deferred income | 492/3 | - | €10,000 | +€10,000 | |
| Remuneration, social security and pensions | 62 | €102,515 | €89,157 | -€13,358 | -13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,592 | €1,579 | -€1,013 | -39.1% |
| Other operating charges | 640/8 | €805 | €1,301 | +€496 | +61.6% |
| Gross operating margin | 9900 | €109,352 | €97,650 | -€11,702 | -10.7% |
| Operating profit (loss) | 9901 | €3,439 | €5,612 | +€2,172 | +63.2% |
| Financial income | 75/76B | €1,295 | €983 | -€312 | -24.1% |
| Recurring financial income | 75 | €1,295 | €983 | -€312 | -24.1% |
| Financial charges | 65/66B | €1,820 | €2,776 | +€957 | +52.6% |
| Recurring financial charges | 65 | €1,820 | €2,776 | +€957 | +52.6% |
| Profit (loss) for the period before taxes | 9903 | €2,914 | €3,818 | +€904 | +31.0% |
| Income taxes | 67/77 | €0 | €0 | = | |
| Profit (loss) for the period | 9904 | €2,914 | €3,818 | +€904 | +31.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,914 | €3,818 | +€904 | +31.0% |
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 8 October 2026 via checked.be.