MEDICI: what changed
What changed
MEDICI
NACE 66.210, Risk and damage evaluation
filed annual accounts (NBB)
Net result for the year
€58,081
2024 · €33,363+€24,718
Equity
€138,089
2024 · €80,008+€58,081
Cash
€42,653
2024 · €26,261+€16,392
Balance sheet total
€179,274
2024 · €143,789+€35,485
Largest movements
Assets
- Receivables within one year +€26,824
up €26,824 (+25.1%), from €107,001 to €133,825
of which Trade receivables: +€27,982
- Cash +€16,392
up €16,392 (+62.4%), from €26,261 to €42,653
mainly Net result for the year (+€58,081) and Depreciation (+€11,043)
- Tangible fixed assets -€8,760
down €8,760 (-83.2%), from €10,527 to €1,767
of which Leasing and similar rights: -€8,171
Equity and liabilities
- Reserves +€60,029
up €60,029 (+83.5%), from €71,860 to €131,889
of which Distributable reserves: +€60,029
- Current portion of long-term debt -€7,206
no longer reported in 2025 (was €7,206)
- Trade debts -€5,703
down €5,703 (-99.5%), from €5,732 to €29
- Tax, wage and social debts -€4,571
down €4,571 (-10.4%), from €43,867 to €39,296
- Other debts -€2,375
no longer reported in 2025 (was €2,375)
Income statement
- Gross operating margin +€49,975
up €49,975 (+87.3%), from €57,244 to €107,219
- Depreciation +€11,043
new in 2025: €11,043
- Write-downs +€10,000
new in 2025: €10,000
- Other operating charges +€3,732
new in 2025: €3,732
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€33,363
Gross operating margin
+€49,975
Depreciation
-€11,043
Write-downs
-€10,000
Other operating charges
-€3,732
Other operating items
+€1
Financial income
-€7
Financial charges
+€338
Taxes
-€814
Result 2025
€58,081
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€26,764
Investment
-€2,283
Financing
-€8,088
Cash 2024
€26,261
From operations (derived)
+€26,764
Net result for the year
+€58,081
Depreciation
+€11,043
Receivables within one year
-€26,824
Deferred charges and accrued income
-€1,028
Trade debts
-€5,703
Tax, wage and social debts
-€4,571
Other debts
-€2,375
Accrued charges and deferred income
-€1,859
Investment (derived)
-€2,283
Investment in fixed assets (net)
-€2,283
Financing
-€8,088
Debts after one year
-€883
Current portion of long-term debt
-€7,206
Contributions, distributions and other
-€0
Cash 2025
€42,653
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €143,789 | €179,274 | +€35,485 | +24.7% |
| Fixed assets | 21/28 | €10,527 | €1,767 | -€8,760 | -83.2% |
| Tangible fixed assets | 22/27 | €10,527 | €1,767 | -€8,760 | -83.2% |
| Furniture and vehicles | 24 | €2,356 | €1,767 | -€589 | -25.0% |
| Leasing and similar rights | 25 | €8,171 | - | -€8,171 | |
| Current assets | 29/58 | €133,262 | €177,507 | +€44,245 | +33.2% |
| Amounts receivable within one year | 40/41 | €107,001 | €133,825 | +€26,824 | +25.1% |
| Trade receivables | 40 | €72,429 | €100,411 | +€27,982 | +38.6% |
| Other amounts receivable | 41 | €34,572 | €33,414 | -€1,158 | -3.4% |
| Cash at bank and in hand | 54/58 | €26,261 | €42,653 | +€16,392 | +62.4% |
| Deferred charges and accrued income | 490/1 | - | €1,028 | +€1,028 | |
| Total equity and liabilities | 10/49 | €143,789 | €179,274 | +€35,485 | +24.7% |
| Equity | 10/15 | €80,008 | €138,089 | +€58,081 | +72.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €71,860 | €131,889 | +€60,029 | +83.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €70,000 | €130,029 | +€60,029 | +85.8% |
| Profit (loss) carried forward | 14 | €1,948 | - | -€1,948 | |
| Amounts payable | 17/49 | €63,781 | €41,185 | -€22,596 | -35.4% |
| Amounts payable after more than one year | 17 | €883 | - | -€883 | |
| Financial debts | 170/4 | €883 | - | -€883 | |
| Amounts payable within one year | 42/48 | €59,180 | €39,325 | -€19,854 | -33.5% |
| Current portion of amounts payable after more than one year | 42 | €7,206 | - | -€7,206 | |
| Trade debts | 44 | €5,732 | €29 | -€5,703 | -99.5% |
| Suppliers | 440/4 | €5,732 | €29 | -€5,703 | -99.5% |
| Taxes, remuneration and social security | 45 | €43,867 | €39,296 | -€4,571 | -10.4% |
| Taxes | 450/3 | €43,867 | €39,296 | -€4,571 | -10.4% |
| Other amounts payable | 47/48 | €2,375 | - | -€2,375 | |
| Accrued charges and deferred income | 492/3 | €3,719 | €1,859 | -€1,859 | -50.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €11,043 | +€11,043 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €10,000 | +€10,000 | |
| Other operating charges | 640/8 | - | €3,732 | +€3,732 | |
| Non-recurring operating charges | 66A | €1 | - | -€1 | |
| Gross operating margin | 9900 | €57,244 | €107,219 | +€49,975 | +87.3% |
| Operating profit (loss) | 9901 | €57,243 | €82,444 | +€25,201 | +44.0% |
| Financial income | 75/76B | €7 | €0 | -€7 | -97.1% |
| Recurring financial income | 75 | €7 | €0 | -€7 | -97.1% |
| Financial charges | 65/66B | €716 | €378 | -€338 | -47.2% |
| Recurring financial charges | 65 | €716 | €378 | -€338 | -47.2% |
| Profit (loss) for the period before taxes | 9903 | €56,534 | €82,066 | +€25,532 | +45.2% |
| Income taxes | 67/77 | €23,171 | €23,985 | +€814 | +3.5% |
| Profit (loss) for the period | 9904 | €33,363 | €58,081 | +€24,718 | +74.1% |
| Profit (loss) for the period to be appropriated | 9905 | €33,363 | €58,081 | +€24,718 | +74.1% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.