MEDIES: 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.
MEDIES
Largest movements
- Receivables within one year +€7,394
up €7,394 (+4.3%), from €172,529 to €179,923
of which Other amounts receivable: +€11,320
- Profit (loss) carried forward +€15,571
up €15,571 (+5.2%), from €299,572 to €315,142
- Advances received -€15,125
down €15,125 (-57.6%), from €26,267 to €11,142
- Tax, wage and social debts +€5,994
up €5,994 (+704.0%), from €851 to €6,845
- Trade debts -€5,119
no longer reported in 2025 (was €5,119)
- Gross operating margin +€26,098
up €26,098, from -€2,296 to €23,802
- Taxes +€6,131
new in 2025: €6,131
- Financial income -€1,659
down €1,659 (-25.1%), from €6,617 to €4,958
- Depreciation +€1,531
up €1,531 (+31.4%), from €4,876 to €6,407
- Staff costs -€262
no longer reported in 2025 (was €262)
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 | €405,560 | €411,408 | +€5,848 | +1.4% |
| Fixed assets | 21/28 | €55,540 | €54,071 | -€1,469 | -2.6% |
| Tangible fixed assets | 22/27 | €24,040 | €22,571 | -€1,469 | -6.1% |
| Plant, machinery and equipment | 23 | €7,620 | €7,287 | -€333 | -4.4% |
| Furniture and vehicles | 24 | €16,420 | €15,284 | -€1,136 | -6.9% |
| Financial fixed assets | 28 | €31,500 | €31,500 | = | 0.0% |
| Current assets | 29/58 | €350,020 | €357,338 | +€7,318 | +2.1% |
| Amounts receivable within one year | 40/41 | €172,529 | €179,923 | +€7,394 | +4.3% |
| Trade receivables | 40 | €78,937 | €75,011 | -€3,926 | -5.0% |
| Other amounts receivable | 41 | €93,592 | €104,912 | +€11,320 | +12.1% |
| Current investments | 50/53 | €85,225 | €85,225 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €92,143 | €91,993 | -€150 | -0.2% |
| Deferred charges and accrued income | 490/1 | €122 | €196 | +€74 | +60.5% |
| Total equity and liabilities | 10/49 | €405,560 | €411,408 | +€5,848 | +1.4% |
| Equity | 10/15 | €320,032 | €335,602 | +€15,571 | +4.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €299,572 | €315,142 | +€15,571 | +5.2% |
| Amounts payable | 17/49 | €85,528 | €75,806 | -€9,722 | -11.4% |
| Amounts payable after more than one year | 17 | €14,752 | €15,948 | +€1,197 | +8.1% |
| Financial debts | 170/4 | €14,752 | €15,948 | +€1,197 | +8.1% |
| Amounts payable within one year | 42/48 | €70,777 | €59,858 | -€10,919 | -15.4% |
| Trade debts | 44 | €5,119 | - | -€5,119 | |
| Suppliers | 440/4 | €5,119 | - | -€5,119 | |
| Advances received on contracts in progress | 46 | €26,267 | €11,142 | -€15,125 | -57.6% |
| Taxes, remuneration and social security | 45 | €851 | €6,845 | +€5,994 | +704.0% |
| Taxes | 450/3 | €851 | €6,845 | +€5,994 | +704.0% |
| Other amounts payable | 47/48 | €38,540 | €41,871 | +€3,331 | +8.6% |
| Remuneration, social security and pensions | 62 | €262 | - | -€262 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,876 | €6,407 | +€1,531 | +31.4% |
| Other operating charges | 640/8 | €292 | €202 | -€90 | -31.0% |
| Gross operating margin | 9900 | -€2,296 | €23,802 | +€26,098 | |
| Operating profit (loss) | 9901 | -€7,725 | €17,193 | +€24,918 | |
| Financial income | 75/76B | €6,617 | €4,958 | -€1,659 | -25.1% |
| Recurring financial income | 75 | €6,617 | €4,958 | -€1,659 | -25.1% |
| Financial charges | 65/66B | €646 | €450 | -€196 | -30.4% |
| Recurring financial charges | 65 | €646 | €450 | -€196 | -30.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,754 | €21,702 | +€23,456 | |
| Income taxes | 67/77 | - | €6,131 | +€6,131 | |
| Profit (loss) for the period | 9904 | -€1,754 | €15,571 | +€17,325 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,754 | €15,571 | +€17,325 |
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.