MEDIAN: 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.
MEDIAN
Largest movements
- Financial fixed assets -€292,500
down €292,500 (-100.0%), from €292,500 to €0
- Cash -€102,272
down €102,272 (-46.2%), from €221,601 to €119,329
mainly Net result for the year (-€211,589) and Trade debts (-€163,109)
- Deferred charges and accrued income -€14,599
down €14,599 (-29.5%), from €49,447 to €34,848
- Profit (loss) carried forward -€211,589
down €211,589 (-68.2%), from -€310,132 to -€521,721
- Trade debts -€163,109
down €163,109 (-87.9%), from €185,610 to €22,501
- Debts after one year -€35,868
no longer reported in 2025 (was €35,868)
- Short-term financial debts +€15,489
new in 2025: €15,489
- Tax, wage and social debts -€14,902
down €14,902 (-40.0%), from €37,260 to €22,358
of which Remuneration and social security: -€14,291
- Financial income -€361,228
down €361,228 (-87.5%), from €412,757 to €51,529
of which Non-recurring financial income: -€357,971
- Other operating charges -€128,283
no longer reported in 2025 (was €128,283)
- Financial charges +€112,813
up €112,813 (+1783.0%), from €6,327 to €119,140
of which Non-recurring financial charges: +€116,097
- Gross operating margin +€40,295
up €40,295 (+68.7%), from €58,622 to €98,917
- Staff costs -€38,173
down €38,173 (-13.8%), from €277,257 to €239,084
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 | €670,174 | €260,195 | -€409,979 | -61.2% |
| Fixed assets | 21/28 | €292,500 | €2,650 | -€289,850 | -99.1% |
| Tangible fixed assets | 22/27 | - | €2,650 | +€2,650 | |
| Furniture and vehicles | 24 | - | €2,650 | +€2,650 | |
| Financial fixed assets | 28 | €292,500 | €0 | -€292,500 | -100.0% |
| Current assets | 29/58 | €377,674 | €257,545 | -€120,129 | -31.8% |
| Amounts receivable within one year | 40/41 | €3,258 | - | -€3,258 | |
| Other amounts receivable | 41 | €3,258 | - | -€3,258 | |
| Current investments | 50/53 | €103,368 | €103,368 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €221,601 | €119,329 | -€102,272 | -46.2% |
| Deferred charges and accrued income | 490/1 | €49,447 | €34,848 | -€14,599 | -29.5% |
| Total equity and liabilities | 10/49 | €670,174 | €260,195 | -€409,979 | -61.2% |
| Equity | 10/15 | €411,436 | €199,847 | -€211,589 | -51.4% |
| Contributions | 10/11 | €562,000 | €562,000 | = | 0.0% |
| Capital | 10 | €562,000 | €562,000 | = | 0.0% |
| Issued capital | 100 | €562,000 | €562,000 | = | 0.0% |
| Reserves | 13 | €159,568 | €159,568 | = | 0.0% |
| Non-distributable reserves | 130/1 | €159,568 | €159,568 | = | 0.0% |
| Legal reserve | 130 | €56,200 | €56,200 | = | 0.0% |
| Own shares acquired | 1312 | €103,368 | €103,368 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€310,132 | -€521,721 | -€211,589 | -68.2% |
| Amounts payable | 17/49 | €258,738 | €60,348 | -€198,390 | -76.7% |
| Amounts payable after more than one year | 17 | €35,868 | - | -€35,868 | |
| Financial debts | 170/4 | €35,868 | - | -€35,868 | |
| Amounts payable within one year | 42/48 | €222,870 | €60,348 | -€162,522 | -72.9% |
| Financial debts | 43 | - | €15,489 | +€15,489 | |
| Credit institutions | 430/8 | - | €15,489 | +€15,489 | |
| Trade debts | 44 | €185,610 | €22,501 | -€163,109 | -87.9% |
| Suppliers | 440/4 | €185,610 | €22,501 | -€163,109 | -87.9% |
| Taxes, remuneration and social security | 45 | €37,260 | €22,358 | -€14,902 | -40.0% |
| Taxes | 450/3 | €5,300 | €4,689 | -€611 | -11.5% |
| Remuneration and social security | 454/9 | €31,960 | €17,669 | -€14,291 | -44.7% |
| Remuneration, social security and pensions | 62 | €277,257 | €239,084 | -€38,173 | -13.8% |
| Other operating charges | 640/8 | €128,283 | - | -€128,283 | |
| Gross operating margin | 9900 | €58,622 | €98,917 | +€40,295 | +68.7% |
| Operating profit (loss) | 9901 | -€346,918 | -€140,167 | +€206,751 | +59.6% |
| Financial income | 75/76B | €412,757 | €51,529 | -€361,228 | -87.5% |
| Recurring financial income | 75 | €3,257 | €51,529 | +€48,272 | +1482.1% |
| Non-recurring financial income | 76B | €409,500 | €51,529 | -€357,971 | -87.4% |
| Financial charges | 65/66B | €6,327 | €119,140 | +€112,813 | +1783.0% |
| Recurring financial charges | 65 | €4,688 | €1,404 | -€3,284 | -70.1% |
| Non-recurring financial charges | 66B | €1,639 | €117,736 | +€116,097 | +7083.4% |
| Profit (loss) for the period before taxes | 9903 | €59,512 | -€207,778 | -€267,290 | |
| Income taxes | 67/77 | €3,492 | €3,811 | +€319 | +9.1% |
| Profit (loss) for the period | 9904 | €56,020 | -€211,589 | -€267,609 | |
| Profit (loss) for the period to be appropriated | 9905 | €56,020 | -€211,589 | -€267,609 |
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 9 October 2026 via checked.be.