MEDIFAR: 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.
MEDIFAR
Largest movements
- Receivables within one year +€74,287
up €74,287 (+55.5%), from €133,932 to €208,218
of which Other amounts receivable: +€60,896
- Stocks and contracts -€21,295
down €21,295 (-22.5%), from €94,607 to €73,311
- Tangible fixed assets -€17,274
down €17,274 (-8.1%), from €213,356 to €196,083
- Reserves +€43,562
up €43,562 (+14.4%), from €302,095 to €345,657
of which Distributable reserves: +€43,562
- Trade debts -€17,586
down €17,586 (-12.7%), from €138,797 to €121,210
- Tax, wage and social debts +€5,721
up €5,721 (+47.6%), from €12,016 to €17,736
of which Taxes: +€5,257
- Gross operating margin +€26,261
up €26,261 (+17.5%), from €149,806 to €176,068
- Staff costs +€5,403
up €5,403 (+5.9%), from €92,326 to €97,730
- Taxes +€4,207
up €4,207 (+38.1%), from €11,050 to €15,257
- Depreciation +€3,739
up €3,739 (+27.6%), from €13,534 to €17,274
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 | €459,107 | €490,803 | +€31,697 | +6.9% |
| Fixed assets | 21/28 | €213,356 | €196,083 | -€17,274 | -8.1% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €213,356 | €196,083 | -€17,274 | -8.1% |
| Land and buildings | 22 | €176,305 | €168,316 | -€7,990 | -4.5% |
| Plant, machinery and equipment | 23 | €27,519 | €20,540 | -€6,979 | -25.4% |
| Furniture and vehicles | 24 | €9,532 | €7,227 | -€2,305 | -24.2% |
| Current assets | 29/58 | €245,751 | €294,721 | +€48,970 | +19.9% |
| Stocks and contracts in progress | 3 | €94,607 | €73,311 | -€21,295 | -22.5% |
| Stocks | 30/36 | €94,607 | €73,311 | -€21,295 | -22.5% |
| Amounts receivable within one year | 40/41 | €133,932 | €208,218 | +€74,287 | +55.5% |
| Trade receivables | 40 | €85,747 | €99,137 | +€13,390 | +15.6% |
| Other amounts receivable | 41 | €48,184 | €109,081 | +€60,896 | +126.4% |
| Cash at bank and in hand | 54/58 | €17,212 | €13,191 | -€4,021 | -23.4% |
| Total equity and liabilities | 10/49 | €459,107 | €490,803 | +€31,697 | +6.9% |
| Equity | 10/15 | €308,295 | €351,857 | +€43,562 | +14.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €302,095 | €345,657 | +€43,562 | +14.4% |
| Tax-exempt reserves | 132 | €4,562 | €4,562 | = | 0.0% |
| Distributable reserves | 133 | €297,533 | €341,095 | +€43,562 | +14.6% |
| Amounts payable | 17/49 | €150,812 | €138,947 | -€11,865 | -7.9% |
| Amounts payable within one year | 42/48 | €150,812 | €138,947 | -€11,865 | -7.9% |
| Trade debts | 44 | €138,797 | €121,210 | -€17,586 | -12.7% |
| Suppliers | 440/4 | €138,797 | €121,210 | -€17,586 | -12.7% |
| Taxes, remuneration and social security | 45 | €12,016 | €17,736 | +€5,721 | +47.6% |
| Taxes | 450/3 | €1,050 | €6,307 | +€5,257 | +500.6% |
| Remuneration and social security | 454/9 | €10,965 | €11,429 | +€464 | +4.2% |
| Remuneration, social security and pensions | 62 | €92,326 | €97,730 | +€5,403 | +5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,534 | €17,274 | +€3,739 | +27.6% |
| Other operating charges | 640/8 | €2,290 | €3,358 | +€1,068 | +46.6% |
| Gross operating margin | 9900 | €149,806 | €176,068 | +€26,261 | +17.5% |
| Operating profit (loss) | 9901 | €41,656 | €57,707 | +€16,051 | +38.5% |
| Financial income | 75/76B | €2,148 | €2,013 | -€136 | -6.3% |
| Recurring financial income | 75 | €2,148 | €2,013 | -€136 | -6.3% |
| Financial charges | 65/66B | €1,143 | €900 | -€244 | -21.3% |
| Recurring financial charges | 65 | €1,143 | €900 | -€244 | -21.3% |
| Profit (loss) for the period before taxes | 9903 | €42,661 | €58,819 | +€16,159 | +37.9% |
| Income taxes | 67/77 | €11,050 | €15,257 | +€4,207 | +38.1% |
| Profit (loss) for the period | 9904 | €31,610 | €43,562 | +€11,952 | +37.8% |
| Profit (loss) for the period to be appropriated | 9905 | €31,610 | €43,562 | +€11,952 | +37.8% |
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 9 October 2026 via checked.be.