mediAVentures: 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.
mediAVentures
Largest movements
- Tangible fixed assets -€228,437
down €228,437 (-50.0%), from €456,760 to €228,322
of which Plant, machinery and equipment: -€224,448
- Receivables within one year +€146,888
up €146,888 (+40.2%), from €365,096 to €511,984
of which Trade receivables: +€141,420
- Cash -€69,652
down €69,652 (-62.1%), from €112,074 to €42,422
mainly Trade debts (-€160,710) and Current portion of long-term debt (-€153,178)
- Deferred charges and accrued income -€58,846
down €58,846 (-59.1%), from €99,518 to €40,672
- Formation expenses -€12,045
down €12,045 (-82.5%), from €14,600 to €2,555
- Profit (loss) carried forward +€231,331
up €231,331 (+16.4%), from -€1.4m to -€1.2m
- Revaluation surpluses -€169,252
down €169,252 (-50.0%), from €338,504 to €169,252
- Reserves +€169,252
up €169,252 (+48.6%), from €347,938 to €517,191
- Trade debts -€160,710
down €160,710 (-32.3%), from €497,094 to €336,384
- Current portion of long-term debt -€153,178
down €153,178 (-54.7%), from €280,162 to €126,984
- Gross operating margin +€416,279
up €416,279 (+123.8%), from €336,376 to €752,655
- Staff costs -€249,309
down €249,309 (-73.8%), from €337,846 to €88,537
- Other operating charges +€139,987
up €139,987 (+771.2%), from €18,152 to €158,139
- Write-downs -€75,227
new in 2025: -€75,227
- Financial charges +€28,349
up €28,349 (+59.2%), from €47,867 to €76,216
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 | €1,049,016 | €826,924 | -€222,092 | -21.2% |
| Formation expenses | 20 | €14,600 | €2,555 | -€12,045 | -82.5% |
| Fixed assets | 21/28 | €456,760 | €228,322 | -€228,437 | -50.0% |
| Tangible fixed assets | 22/27 | €456,760 | €228,322 | -€228,437 | -50.0% |
| Plant, machinery and equipment | 23 | €452,770 | €228,322 | -€224,448 | -49.6% |
| Furniture and vehicles | 24 | €3,990 | €0 | -€3,990 | -100.0% |
| Current assets | 29/58 | €577,657 | €596,047 | +€18,390 | +3.2% |
| Amounts receivable after more than one year | 29 | €469 | €469 | = | 0.0% |
| Trade receivables | 290 | - | €469 | +€469 | |
| Other amounts receivable | 291 | €469 | - | -€469 | |
| Amounts receivable within one year | 40/41 | €365,096 | €511,984 | +€146,888 | +40.2% |
| Trade receivables | 40 | €139,222 | €280,643 | +€141,420 | +101.6% |
| Other amounts receivable | 41 | €225,873 | €231,341 | +€5,468 | +2.4% |
| Current investments | 50/53 | €500 | €500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €112,074 | €42,422 | -€69,652 | -62.1% |
| Deferred charges and accrued income | 490/1 | €99,518 | €40,672 | -€58,846 | -59.1% |
| Total equity and liabilities | 10/49 | €1,049,016 | €826,924 | -€222,092 | -21.2% |
| Equity | 10/15 | -€725,516 | -€494,185 | +€231,331 | +31.9% |
| Contributions | 10/11 | €2,780 | €2,780 | = | 0.0% |
| Revaluation surpluses | 12 | €338,504 | €169,252 | -€169,252 | -50.0% |
| Reserves | 13 | €347,938 | €517,191 | +€169,252 | +48.6% |
| Distributable reserves | 133 | €347,938 | €517,191 | +€169,252 | +48.6% |
| Profit (loss) carried forward | 14 | -€1,414,739 | -€1,183,408 | +€231,331 | +16.4% |
| Amounts payable | 17/49 | €1,774,532 | €1,321,109 | -€453,424 | -25.6% |
| Amounts payable after more than one year | 17 | €74,031 | €22,046 | -€51,984 | -70.2% |
| Financial debts | 170/4 | €74,031 | €22,046 | -€51,984 | -70.2% |
| Amounts payable within one year | 42/48 | €1,565,784 | €1,199,062 | -€366,721 | -23.4% |
| Current portion of amounts payable after more than one year | 42 | €280,162 | €126,984 | -€153,178 | -54.7% |
| Financial debts | 43 | €374,825 | €350,000 | -€24,825 | -6.6% |
| Credit institutions | 430/8 | €374,825 | €350,000 | -€24,825 | -6.6% |
| Trade debts | 44 | €497,094 | €336,384 | -€160,710 | -32.3% |
| Suppliers | 440/4 | €497,094 | €336,384 | -€160,710 | -32.3% |
| Taxes, remuneration and social security | 45 | €30,755 | €20,258 | -€10,497 | -34.1% |
| Taxes | 450/3 | €4,285 | €4,461 | +€176 | +4.1% |
| Remuneration and social security | 454/9 | €26,471 | €15,797 | -€10,674 | -40.3% |
| Other amounts payable | 47/48 | €382,948 | €365,436 | -€17,511 | -4.6% |
| Accrued charges and deferred income | 492/3 | €134,718 | €100,000 | -€34,718 | -25.8% |
| Non-recurring operating income | 76A | €180,540 | €54,864 | -€125,676 | -69.6% |
| Remuneration, social security and pensions | 62 | €337,846 | €88,537 | -€249,309 | -73.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €272,464 | €257,014 | -€15,450 | -5.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€75,227 | -€75,227 | |
| Other operating charges | 640/8 | €18,152 | €158,139 | +€139,987 | +771.2% |
| Non-recurring operating charges | 66A | €34,971 | €13,476 | -€21,495 | -61.5% |
| Gross operating margin | 9900 | €336,376 | €752,655 | +€416,279 | +123.8% |
| Operating profit (loss) | 9901 | -€327,056 | €310,716 | +€637,773 | |
| Financial income | 75/76B | €1,010 | €4,365 | +€3,355 | +332.0% |
| Recurring financial income | 75 | €1,010 | €4,365 | +€3,355 | +332.0% |
| Financial charges | 65/66B | €47,867 | €76,216 | +€28,349 | +59.2% |
| Recurring financial charges | 65 | €47,867 | €76,216 | +€28,349 | +59.2% |
| Profit (loss) for the period before taxes | 9903 | -€373,912 | €238,866 | +€612,778 | |
| Income taxes | 67/77 | €946 | €7,534 | +€6,588 | +696.5% |
| Profit (loss) for the period | 9904 | -€374,858 | €231,331 | +€606,190 | |
| Profit (loss) for the period to be appropriated | 9905 | -€374,858 | €231,331 | +€606,190 |
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 6 October 2026 via checked.be.