MEDIFA: what changed
Two financial 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.
MEDIFA
Largest movements
- Receivables within one year +€515,902
up €515,902 (+87.9%), from €586,746 to €1.1m
of which Other amounts receivable: +€458,252
- Reserves +€722,436
up €722,436 (+107.4%), from €672,711 to €1.4m
- Debts after one year -€368,700
down €368,700 (-27.9%), from €1.3m to €952,450
- Trade debts +€209,914
up €209,914 (+495.8%), from €42,336 to €252,250
- Tax, wage and social debts -€86,627
down €86,627 (-45.8%), from €189,296 to €102,669
- Financial income +€64,606
up €64,606 (+16.4%), from €393,646 to €458,252
- Gross operating margin +€43,422
up €43,422 (+7.0%), from €621,128 to €664,550
- Taxes +€12,447
up €12,447 (+7.0%), from €177,440 to €189,886
- Financial charges -€7,687
down €7,687 (-15.0%), from €51,261 to €43,573
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 | €4,711,559 | €5,237,143 | +€525,584 | +11.2% |
| Fixed assets | 21/28 | €4,093,892 | €4,096,905 | +€3,013 | +0.1% |
| Tangible fixed assets | 22/27 | - | €3,013 | +€3,013 | |
| Furniture and vehicles | 24 | - | €3,013 | +€3,013 | |
| Financial fixed assets | 28 | €4,093,892 | €4,093,892 | = | 0.0% |
| Current assets | 29/58 | €617,667 | €1,140,238 | +€522,571 | +84.6% |
| Amounts receivable within one year | 40/41 | €586,746 | €1,102,648 | +€515,902 | +87.9% |
| Trade receivables | 40 | €133,100 | €190,750 | +€57,650 | +43.3% |
| Other amounts receivable | 41 | €453,646 | €911,898 | +€458,252 | +101.0% |
| Cash at bank and in hand | 54/58 | €30,921 | €37,130 | +€6,210 | +20.1% |
| Deferred charges and accrued income | 490/1 | €0 | €459 | +€459 | |
| Total equity and liabilities | 10/49 | €4,711,559 | €5,237,143 | +€525,584 | +11.2% |
| Equity | 10/15 | €2,665,963 | €3,388,399 | +€722,436 | +27.1% |
| Contributions | 10/11 | €1,993,251 | €1,993,251 | = | 0.0% |
| Reserves | 13 | €672,711 | €1,395,148 | +€722,436 | +107.4% |
| Distributable reserves | 133 | €672,711 | €1,395,148 | +€722,436 | +107.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €2,045,596 | €1,848,744 | -€196,853 | -9.6% |
| Amounts payable after more than one year | 17 | €1,321,150 | €952,450 | -€368,700 | -27.9% |
| Financial debts | 170/4 | €1,321,150 | €952,450 | -€368,700 | -27.9% |
| Amounts payable within one year | 42/48 | €724,446 | €893,619 | +€169,172 | +23.4% |
| Current portion of amounts payable after more than one year | 42 | €368,700 | €368,700 | = | 0.0% |
| Trade debts | 44 | €42,336 | €252,250 | +€209,914 | +495.8% |
| Suppliers | 440/4 | €42,336 | €252,250 | +€209,914 | +495.8% |
| Taxes, remuneration and social security | 45 | €189,296 | €102,669 | -€86,627 | -45.8% |
| Taxes | 450/3 | €189,296 | €102,669 | -€86,627 | -45.8% |
| Other amounts payable | 47/48 | €124,114 | €170,000 | +€45,886 | +37.0% |
| Accrued charges and deferred income | 492/3 | - | €2,675 | +€2,675 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €16 | +€16 | |
| Other operating charges | 640/8 | €557 | €1,891 | +€1,334 | +239.6% |
| Gross operating margin | 9900 | €621,128 | €664,550 | +€43,422 | +7.0% |
| Operating profit (loss) | 9901 | €620,572 | €662,644 | +€42,072 | +6.8% |
| Financial income | 75/76B | €393,646 | €458,252 | +€64,606 | +16.4% |
| Recurring financial income | 75 | €393,646 | €458,252 | +€64,606 | +16.4% |
| Financial charges | 65/66B | €51,261 | €43,573 | -€7,687 | -15.0% |
| Recurring financial charges | 65 | €51,261 | €43,573 | -€7,687 | -15.0% |
| Profit (loss) for the period before taxes | 9903 | €962,957 | €1,077,323 | +€114,366 | +11.9% |
| Income taxes | 67/77 | €177,440 | €189,886 | +€12,447 | +7.0% |
| Profit (loss) for the period | 9904 | €785,517 | €887,436 | +€101,919 | +13.0% |
| Profit (loss) for the period to be appropriated | 9905 | €785,517 | €887,436 | +€101,919 | +13.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.