MEDIANEFOBE: 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.
MEDIANEFOBE
Largest movements
- Cash +€200,699
up €200,699 (+209%), from €95,872 to €296,570
mainly Current investments (+€130,000) and Net result for the year (+€57,261)
- Current investments -€130,000
down €130,000 (-37.1%), from €350,000 to €220,000
- Receivables within one year -€16,632
down €16,632 (-21.4%), from €77,824 to €61,192
of which Other amounts receivable: -€9,239
- Reserves +€57,000
up €57,000 (+13.9%), from €409,610 to €466,610
- Other debts -€11,167
no longer reported in 2025 (was €11,167)
- Tax, wage and social debts +€6,138
up €6,138 (+93.9%), from €6,533 to €12,671
- Gross operating margin -€4,099
down €4,099 (-5.4%), from €75,737 to €71,638
- Financial charges -€2,385
down €2,385 (-57.5%), from €4,149 to €1,763
- Financial income +€2,289
up €2,289 (+23.1%), from €9,913 to €12,201
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 | €531,383 | €583,543 | +€52,160 | +9.8% |
| Fixed assets | 21/28 | €5,485 | €3,433 | -€2,052 | -37.4% |
| Tangible fixed assets | 22/27 | €5,485 | €3,433 | -€2,052 | -37.4% |
| Furniture and vehicles | 24 | €4,526 | €2,594 | -€1,932 | -42.7% |
| Other tangible fixed assets | 26 | €959 | €839 | -€120 | -12.5% |
| Current assets | 29/58 | €525,898 | €580,110 | +€54,212 | +10.3% |
| Amounts receivable within one year | 40/41 | €77,824 | €61,192 | -€16,632 | -21.4% |
| Trade receivables | 40 | €62,216 | €54,823 | -€7,393 | -11.9% |
| Other amounts receivable | 41 | €15,608 | €6,369 | -€9,239 | -59.2% |
| Current investments | 50/53 | €350,000 | €220,000 | -€130,000 | -37.1% |
| Cash at bank and in hand | 54/58 | €95,872 | €296,570 | +€200,699 | +209% |
| Deferred charges and accrued income | 490/1 | €2,202 | €2,347 | +€145 | +6.6% |
| Total equity and liabilities | 10/49 | €531,383 | €583,543 | +€52,160 | +9.8% |
| Equity | 10/15 | €512,923 | €570,184 | +€57,261 | +11.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €409,610 | €466,610 | +€57,000 | +13.9% |
| Distributable reserves | 133 | €409,610 | €466,610 | +€57,000 | +13.9% |
| Profit (loss) carried forward | 14 | €90,913 | €91,174 | +€261 | +0.3% |
| Amounts payable | 17/49 | €18,460 | €13,359 | -€5,101 | -27.6% |
| Amounts payable within one year | 42/48 | €18,460 | €13,359 | -€5,101 | -27.6% |
| Trade debts | 44 | €759 | €688 | -€72 | -9.4% |
| Suppliers | 440/4 | €759 | €688 | -€72 | -9.4% |
| Taxes, remuneration and social security | 45 | €6,533 | €12,671 | +€6,138 | +93.9% |
| Taxes | 450/3 | €6,533 | €12,671 | +€6,138 | +93.9% |
| Other amounts payable | 47/48 | €11,167 | - | -€11,167 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,489 | €2,052 | -€437 | -17.6% |
| Other operating charges | 640/8 | €488 | €503 | +€14 | +2.9% |
| Gross operating margin | 9900 | €75,737 | €71,638 | -€4,099 | -5.4% |
| Operating profit (loss) | 9901 | €72,760 | €69,083 | -€3,676 | -5.1% |
| Financial income | 75/76B | €9,913 | €12,201 | +€2,289 | +23.1% |
| Recurring financial income | 75 | €9,913 | €12,201 | +€2,289 | +23.1% |
| Financial charges | 65/66B | €4,149 | €1,763 | -€2,385 | -57.5% |
| Recurring financial charges | 65 | €4,149 | €1,763 | -€2,385 | -57.5% |
| Profit (loss) for the period before taxes | 9903 | €78,523 | €79,521 | +€998 | +1.3% |
| Income taxes | 67/77 | €21,921 | €22,260 | +€340 | +1.5% |
| Profit (loss) for the period | 9904 | €56,603 | €57,261 | +€658 | +1.2% |
| Profit (loss) for the period to be appropriated | 9905 | €56,603 | €57,261 | +€658 | +1.2% |
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 14 October 2026 via checked.be.