MEDIDESM: 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.
MEDIDESM
Largest movements
- Receivables within one year +€46,415
up €46,415 (+147.3%), from €31,504 to €77,918
of which Other amounts receivable: +€46,415
- Receivables after one year -€35,000
down €35,000 (-84.3%), from €41,500 to €6,500
- Current investments +€24,000
up €24,000 (+120.0%), from €20,000 to €44,000
- Tangible fixed assets -€22,711
down €22,711 (-9.8%), from €230,592 to €207,881
of which Land and buildings: -€12,523
- Cash +€7,263
up €7,263 (+45.5%), from €15,966 to €23,229
mainly Receivables after one year (+€35,000) and Net result for the year (+€34,038)
- Reserves +€27,838
up €27,838 (+17.0%), from €164,128 to €191,966
- Debts after one year -€7,865
down €7,865 (-28.0%), from €28,132 to €20,267
- Gross operating margin -€6,020
down €6,020 (-7.9%), from €76,019 to €69,999
- Depreciation +€3,732
up €3,732 (+19.7%), from €18,979 to €22,711
- Taxes -€1,893
down €1,893 (-15.1%), from €12,576 to €10,683
- Financial income +€1,342
up €1,342 (+56.6%), from €2,373 to €3,715
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 | €344,553 | €361,972 | +€17,419 | +5.1% |
| Fixed assets | 21/28 | €230,696 | €207,985 | -€22,711 | -9.8% |
| Tangible fixed assets | 22/27 | €230,592 | €207,881 | -€22,711 | -9.8% |
| Land and buildings | 22 | €187,510 | €174,987 | -€12,523 | -6.7% |
| Furniture and vehicles | 24 | €43,082 | €32,894 | -€10,188 | -23.6% |
| Financial fixed assets | 28 | €104 | €104 | = | 0.0% |
| Current assets | 29/58 | €113,858 | €153,987 | +€40,130 | +35.2% |
| Amounts receivable after more than one year | 29 | €41,500 | €6,500 | -€35,000 | -84.3% |
| Other amounts receivable | 291 | €41,500 | €6,500 | -€35,000 | -84.3% |
| Amounts receivable within one year | 40/41 | €31,504 | €77,918 | +€46,415 | +147.3% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €31,504 | €77,918 | +€46,415 | +147.3% |
| Current investments | 50/53 | €20,000 | €44,000 | +€24,000 | +120.0% |
| Cash at bank and in hand | 54/58 | €15,966 | €23,229 | +€7,263 | +45.5% |
| Deferred charges and accrued income | 490/1 | €4,888 | €2,340 | -€2,548 | -52.1% |
| Total equity and liabilities | 10/49 | €344,553 | €361,972 | +€17,419 | +5.1% |
| Equity | 10/15 | €293,210 | €321,049 | +€27,838 | +9.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €164,128 | €191,966 | +€27,838 | +17.0% |
| Distributable reserves | 133 | €164,128 | €191,966 | +€27,838 | +17.0% |
| Profit (loss) carried forward | 14 | €116,682 | €116,682 | = | 0.0% |
| Amounts payable | 17/49 | €51,343 | €40,923 | -€10,420 | -20.3% |
| Amounts payable after more than one year | 17 | €28,132 | €20,267 | -€7,865 | -28.0% |
| Financial debts | 170/4 | €28,132 | €20,267 | -€7,865 | -28.0% |
| Amounts payable within one year | 42/48 | €23,211 | €20,657 | -€2,554 | -11.0% |
| Current portion of amounts payable after more than one year | 42 | €11,102 | €7,865 | -€3,237 | -29.2% |
| Financial debts | 43 | €3,333 | €3,333 | = | 0.0% |
| Other loans | 439 | €3,333 | €3,333 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €2,576 | €3,258 | +€683 | +26.5% |
| Taxes | 450/3 | €2,576 | €3,258 | +€683 | +26.5% |
| Other amounts payable | 47/48 | €6,200 | €6,200 | = | 0.0% |
| Non-recurring operating income | 76A | €6,000 | €546 | -€5,454 | -90.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,979 | €22,711 | +€3,732 | +19.7% |
| Other operating charges | 640/8 | €4,038 | €4,505 | +€467 | +11.6% |
| Gross operating margin | 9900 | €76,019 | €69,999 | -€6,020 | -7.9% |
| Operating profit (loss) | 9901 | €53,002 | €42,783 | -€10,219 | -19.3% |
| Financial income | 75/76B | €2,373 | €3,715 | +€1,342 | +56.6% |
| Recurring financial income | 75 | €2,373 | €3,715 | +€1,342 | +56.6% |
| Financial charges | 65/66B | €2,124 | €1,777 | -€347 | -16.4% |
| Recurring financial charges | 65 | €2,124 | €1,777 | -€347 | -16.4% |
| Profit (loss) for the period before taxes | 9903 | €53,250 | €44,721 | -€8,529 | -16.0% |
| Income taxes | 67/77 | €12,576 | €10,683 | -€1,893 | -15.1% |
| Profit (loss) for the period | 9904 | €40,675 | €34,038 | -€6,636 | -16.3% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €40,675 | €34,038 | -€6,636 | -16.3% |
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 3 October 2026 via checked.be.