MEDIAL: 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.
MEDIAL
Largest movements
- Receivables within one year +€27,671
up €27,671 (+61.5%), from €44,990 to €72,661
- Tangible fixed assets -€12,237
down €12,237 (-2.4%), from €515,096 to €502,859
of which Plant, machinery and equipment: -€12,237
- Profit (loss) carried forward +€23,778
up €23,778 (+80.4%), from €29,572 to €53,350
- Debts after one year -€14,534
down €14,534 (-35.1%), from €41,381 to €26,847
of which Financial debts: -€14,534
- Tax, wage and social debts +€8,677
up €8,677 (+75.2%), from €11,534 to €20,211
- Reserves -€7,191
down €7,191 (-3.6%), from €199,725 to €192,534
of which Tax-exempt reserves: -€7,191
- Trade debts +€6,146
up €6,146 (+44.8%), from €13,717 to €19,863
- Gross operating margin +€13,335
up €13,335 (+46.5%), from €28,650 to €41,985
- Taxes +€3,004
up €3,004 (+53.0%), from €5,673 to €8,677
- Financial charges +€987
up €987 (+89.6%), from €1,102 to €2,090
of which Financial charges: +€937
- Other operating charges -€581
down €581 (-10.8%), from €5,372 to €4,791
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 | €560,521 | €575,664 | +€15,143 | +2.7% |
| Fixed assets | 21/28 | €515,220 | €502,983 | -€12,237 | -2.4% |
| Tangible fixed assets | 22/27 | €515,096 | €502,859 | -€12,237 | -2.4% |
| Land and buildings | 22 | €167,824 | €167,824 | = | 0.0% |
| Plant, machinery and equipment | 23 | €347,273 | €335,035 | -€12,237 | -3.5% |
| Financial fixed assets | 28 | €124 | €124 | = | 0.0% |
| Current assets | 29/58 | €45,301 | €72,681 | +€27,380 | +60.4% |
| Amounts receivable within one year | 40/41 | €44,990 | €72,661 | +€27,671 | +61.5% |
| Other amounts receivable | 41 | €44,990 | €72,661 | +€27,671 | +61.5% |
| Cash at bank and in hand | 54/58 | €311 | €21 | -€291 | -93.4% |
| Total equity and liabilities | 10/49 | €560,521 | €575,664 | +€15,143 | +2.7% |
| Equity | 10/15 | €321,359 | €337,946 | +€16,588 | +5.2% |
| Contributions | 10/11 | €92,062 | €92,062 | = | 0.0% |
| Capital | 10 | €92,062 | €92,062 | = | 0.0% |
| Issued capital | 100 | €92,062 | €92,062 | = | 0.0% |
| Reserves | 13 | €199,725 | €192,534 | -€7,191 | -3.6% |
| Non-distributable reserves | 130/1 | €1,814 | €1,814 | = | 0.0% |
| Legal reserve | 130 | €1,814 | €1,814 | = | 0.0% |
| Tax-exempt reserves | 132 | €197,911 | €190,720 | -€7,191 | -3.6% |
| Profit (loss) carried forward | 14 | €29,572 | €53,350 | +€23,778 | +80.4% |
| Provisions and deferred taxes | 16 | €65,970 | €63,573 | -€2,397 | -3.6% |
| Provisions for liabilities and charges | 160/5 | €65,970 | €63,573 | -€2,397 | -3.6% |
| Other liabilities and charges | 164/5 | €65,970 | €63,573 | -€2,397 | -3.6% |
| Amounts payable | 17/49 | €173,192 | €174,145 | +€953 | +0.5% |
| Amounts payable after more than one year | 17 | €41,381 | €26,847 | -€14,534 | -35.1% |
| Financial debts | 170/4 | €39,187 | €24,653 | -€14,534 | -37.1% |
| Other amounts payable | 178/9 | €2,194 | €2,194 | = | 0.0% |
| Amounts payable within one year | 42/48 | €131,811 | €147,298 | +€15,487 | +11.7% |
| Current portion of amounts payable after more than one year | 42 | €14,344 | €14,534 | +€190 | +1.3% |
| Trade debts | 44 | €13,717 | €19,863 | +€6,146 | +44.8% |
| Suppliers | 440/4 | €13,717 | €19,863 | +€6,146 | +44.8% |
| Taxes, remuneration and social security | 45 | €11,534 | €20,211 | +€8,677 | +75.2% |
| Taxes | 450/3 | €11,534 | €20,211 | +€8,677 | +75.2% |
| Other amounts payable | 47/48 | €92,217 | €92,690 | +€473 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,535 | €12,237 | -€298 | -2.4% |
| Other operating charges | 640/8 | €5,372 | €4,791 | -€581 | -10.8% |
| Gross operating margin | 9900 | €28,650 | €41,985 | +€13,335 | +46.5% |
| Operating profit (loss) | 9901 | €10,743 | €24,957 | +€14,215 | +132.3% |
| Financial charges | 65/66B | €1,102 | €2,090 | +€987 | +89.6% |
| Recurring financial charges | 65 | €1,102 | €2,040 | +€937 | +85.0% |
| Non-recurring financial charges | 66B | - | €50 | +€50 | |
| Profit (loss) for the period before taxes | 9903 | €9,640 | €22,868 | +€13,227 | +137.2% |
| Transfer from deferred taxes | 780 | €2,397 | €2,397 | = | 0.0% |
| Income taxes | 67/77 | €5,673 | €8,677 | +€3,004 | +53.0% |
| Profit (loss) for the period | 9904 | €6,365 | €16,588 | +€10,223 | +160.6% |
| Transfer from tax-exempt reserves | 789 | €7,191 | €7,191 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €13,555 | €23,778 | +€10,223 | +75.4% |
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 7 October 2026 via checked.be.