MEDIBAL: 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.
MEDIBAL
Largest movements
- Cash -€28,118
down €28,118 (-87.3%), from €32,200 to €4,082
mainly Net result for the year (-€47,877) and Other debts (-€16,201)
- Intangible fixed assets -€16,000
down €16,000 (-25.0%), from €64,000 to €48,000
- Deferred charges and accrued income -€15,758
down €15,758 (-96.3%), from €16,357 to €599
- Tangible fixed assets -€13,226
down €13,226 (-48.7%), from €27,182 to €13,956
of which Furniture and vehicles: -€12,660
- Profit (loss) carried forward -€47,877
down €47,877, from €2,444 to -€45,432
- Other debts -€16,201
down €16,201 (-88.8%), from €18,254 to €2,053
- Current portion of long-term debt -€8,990
down €8,990 (-91.6%), from €9,814 to €824
- Gross operating margin -€80,417
down €80,417, from €63,238 to -€17,179
- Taxes -€10,277
down €10,277 (-95.5%), from €10,763 to €486
- Other operating charges -€1,016
down €1,016 (-57.1%), from €1,779 to €763
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 | €139,739 | €66,637 | -€73,102 | -52.3% |
| Fixed assets | 21/28 | €91,182 | €61,956 | -€29,226 | -32.1% |
| Intangible fixed assets | 21 | €64,000 | €48,000 | -€16,000 | -25.0% |
| Tangible fixed assets | 22/27 | €27,182 | €13,956 | -€13,226 | -48.7% |
| Plant, machinery and equipment | 23 | €1,387 | €821 | -€566 | -40.8% |
| Furniture and vehicles | 24 | €25,795 | €13,135 | -€12,660 | -49.1% |
| Current assets | 29/58 | €48,557 | €4,682 | -€43,876 | -90.4% |
| Cash at bank and in hand | 54/58 | €32,200 | €4,082 | -€28,118 | -87.3% |
| Deferred charges and accrued income | 490/1 | €16,357 | €599 | -€15,758 | -96.3% |
| Total equity and liabilities | 10/49 | €139,739 | €66,637 | -€73,102 | -52.3% |
| Equity | 10/15 | €107,584 | €59,708 | -€47,877 | -44.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €92,740 | €92,740 | = | 0.0% |
| Distributable reserves | 133 | €92,740 | €92,740 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,444 | -€45,432 | -€47,877 | |
| Amounts payable | 17/49 | €32,155 | €6,930 | -€25,225 | -78.4% |
| Amounts payable after more than one year | 17 | €824 | - | -€824 | |
| Financial debts | 170/4 | €824 | - | -€824 | |
| Amounts payable within one year | 42/48 | €31,331 | €6,930 | -€24,401 | -77.9% |
| Current portion of amounts payable after more than one year | 42 | €9,814 | €824 | -€8,990 | -91.6% |
| Trade debts | 44 | - | €304 | +€304 | |
| Suppliers | 440/4 | - | €304 | +€304 | |
| Taxes, remuneration and social security | 45 | €3,263 | €3,749 | +€486 | +14.9% |
| Taxes | 450/3 | €3,263 | €3,749 | +€486 | +14.9% |
| Other amounts payable | 47/48 | €18,254 | €2,053 | -€16,201 | -88.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,481 | €29,226 | -€255 | -0.9% |
| Other operating charges | 640/8 | €1,779 | €763 | -€1,016 | -57.1% |
| Gross operating margin | 9900 | €63,238 | -€17,179 | -€80,417 | |
| Operating profit (loss) | 9901 | €31,979 | -€47,167 | -€79,146 | |
| Financial charges | 65/66B | €471 | €224 | -€247 | -52.5% |
| Recurring financial charges | 65 | €471 | €224 | -€247 | -52.5% |
| Profit (loss) for the period before taxes | 9903 | €31,507 | -€47,391 | -€78,898 | |
| Income taxes | 67/77 | €10,763 | €486 | -€10,277 | -95.5% |
| Profit (loss) for the period | 9904 | €20,744 | -€47,877 | -€68,621 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,744 | -€47,877 | -€68,621 |
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.