MEDIF: 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.
MEDIF
Largest movements
- Receivables within one year -€64,072
down €64,072 (-89.6%), from €71,540 to €7,468
of which Trade receivables: -€34,093
- Cash +€33,516
up €33,516 (+826.7%), from €4,054 to €37,570
mainly Receivables within one year (+€64,072) and Other debts (+€39,382)
- Financial fixed assets +€13,764
up €13,764 (+3.4%), from €399,876 to €413,640
- Reserves -€55,010
down €55,010 (-11.4%), from €483,270 to €428,260
of which Distributable reserves: -€55,010
- Other debts +€39,382
up €39,382 (+23.8%), from €165,691 to €205,073
- Gross operating margin -€19,495
down €19,495 (-72.7%), from -€26,799 to -€46,295
- Depreciation +€679
up €679 (+9.1%), from €7,425 to €8,104
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 | €681,615 | €668,161 | -€13,455 | -2.0% |
| Fixed assets | 21/28 | €605,692 | €623,042 | +€17,349 | +2.9% |
| Tangible fixed assets | 22/27 | €205,817 | €209,402 | +€3,585 | +1.7% |
| Land and buildings | 22 | €173,326 | €168,413 | -€4,913 | -2.8% |
| Plant, machinery and equipment | 23 | €6,082 | €5,728 | -€354 | -5.8% |
| Furniture and vehicles | 24 | €26,408 | €35,261 | +€8,852 | +33.5% |
| Financial fixed assets | 28 | €399,876 | €413,640 | +€13,764 | +3.4% |
| Current assets | 29/58 | €75,923 | €45,119 | -€30,804 | -40.6% |
| Amounts receivable within one year | 40/41 | €71,540 | €7,468 | -€64,072 | -89.6% |
| Trade receivables | 40 | €40,322 | €6,229 | -€34,093 | -84.6% |
| Other amounts receivable | 41 | €31,218 | €1,239 | -€29,979 | -96.0% |
| Cash at bank and in hand | 54/58 | €4,054 | €37,570 | +€33,516 | +826.7% |
| Deferred charges and accrued income | 490/1 | €329 | €81 | -€248 | -75.4% |
| Total equity and liabilities | 10/49 | €681,615 | €668,161 | -€13,455 | -2.0% |
| Equity | 10/15 | €489,470 | €434,460 | -€55,010 | -11.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €483,270 | €428,260 | -€55,010 | -11.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €481,410 | €426,400 | -€55,010 | -11.4% |
| Amounts payable | 17/49 | €192,146 | €233,701 | +€41,555 | +21.6% |
| Amounts payable within one year | 42/48 | €192,146 | €233,701 | +€41,555 | +21.6% |
| Trade debts | 44 | €22,165 | €28,499 | +€6,335 | +28.6% |
| Suppliers | 440/4 | €22,165 | €28,499 | +€6,335 | +28.6% |
| Taxes, remuneration and social security | 45 | €4,290 | €129 | -€4,161 | -97.0% |
| Taxes | 450/3 | €4,290 | €129 | -€4,161 | -97.0% |
| Other amounts payable | 47/48 | €165,691 | €205,073 | +€39,382 | +23.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,425 | €8,104 | +€679 | +9.1% |
| Other operating charges | 640/8 | €350 | €370 | +€20 | +5.7% |
| Gross operating margin | 9900 | -€26,799 | -€46,295 | -€19,495 | -72.7% |
| Operating profit (loss) | 9901 | -€34,574 | -€54,768 | -€20,194 | -58.4% |
| Financial income | 75/76B | €16 | €24 | +€9 | +55.9% |
| Recurring financial income | 75 | €16 | €24 | +€9 | +55.9% |
| Financial charges | 65/66B | €255 | €266 | +€11 | +4.1% |
| Recurring financial charges | 65 | €255 | €266 | +€11 | +4.1% |
| Profit (loss) for the period before taxes | 9903 | -€34,814 | -€55,010 | -€20,196 | -58.0% |
| Income taxes | 67/77 | -€0 | - | +€0 | |
| Profit (loss) for the period | 9904 | -€34,814 | -€55,010 | -€20,196 | -58.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€34,814 | -€55,010 | -€20,196 | -58.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.