MEDIFRY: 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.
MEDIFRY
Largest movements
- Current investments -€100,300
no longer reported in 2025 (was €100,300)
- Cash +€98,361
up €98,361 (+500.0%), from €19,671 to €118,032
mainly Current investments (+€100,300) and Receivables within one year (+€76,067)
- Receivables within one year -€76,067
down €76,067 (-69.4%), from €109,674 to €33,608
of which Trade receivables: -€76,378
- Tangible fixed assets -€6,704
down €6,704 (-82.4%), from €8,131 to €1,428
- Profit (loss) carried forward -€155,227
no longer reported in 2025 (was €155,227)
- Other debts +€69,346
up €69,346 (+1133.5%), from €6,118 to €75,464
- Gross operating margin -€42,191
down €42,191 (-28.9%), from €146,121 to €103,930
- Taxes -€9,458
down €9,458 (-26.6%), from €35,573 to €26,114
- Financial income +€3,738
new in 2025: €3,738
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 | €243,367 | €158,655 | -€84,712 | -34.8% |
| Fixed assets | 21/28 | €13,131 | €6,428 | -€6,704 | -51.1% |
| Tangible fixed assets | 22/27 | €8,131 | €1,428 | -€6,704 | -82.4% |
| Furniture and vehicles | 24 | €8,131 | €1,428 | -€6,704 | -82.4% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €230,236 | €152,228 | -€78,008 | -33.9% |
| Amounts receivable within one year | 40/41 | €109,674 | €33,608 | -€76,067 | -69.4% |
| Trade receivables | 40 | €109,674 | €33,296 | -€76,378 | -69.6% |
| Other amounts receivable | 41 | - | €311 | +€311 | |
| Current investments | 50/53 | €100,300 | - | -€100,300 | |
| Cash at bank and in hand | 54/58 | €19,671 | €118,032 | +€98,361 | +500.0% |
| Deferred charges and accrued income | 490/1 | €591 | €588 | -€2 | -0.4% |
| Total equity and liabilities | 10/49 | €243,367 | €158,655 | -€84,712 | -34.8% |
| Equity | 10/15 | €199,252 | €44,024 | -€155,227 | -77.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €43,024 | €43,024 | = | 0.0% |
| Distributable reserves | 133 | €43,024 | €43,024 | = | 0.0% |
| Profit (loss) carried forward | 14 | €155,227 | - | -€155,227 | |
| Amounts payable | 17/49 | €44,116 | €114,631 | +€70,515 | +159.8% |
| Amounts payable within one year | 42/48 | €44,116 | €114,631 | +€70,515 | +159.8% |
| Trade debts | 44 | €2,271 | €3,023 | +€752 | +33.1% |
| Suppliers | 440/4 | €2,271 | €3,023 | +€752 | +33.1% |
| Taxes, remuneration and social security | 45 | €35,727 | €36,144 | +€417 | +1.2% |
| Taxes | 450/3 | €35,727 | €36,144 | +€417 | +1.2% |
| Other amounts payable | 47/48 | €6,118 | €75,464 | +€69,346 | +1133.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,499 | €6,704 | -€795 | -10.6% |
| Other operating charges | 640/8 | €284 | €403 | +€119 | +41.8% |
| Gross operating margin | 9900 | €146,121 | €103,930 | -€42,191 | -28.9% |
| Operating profit (loss) | 9901 | €138,337 | €96,823 | -€41,514 | -30.0% |
| Financial income | 75/76B | - | €3,738 | +€3,738 | |
| Recurring financial income | 75 | - | €3,738 | +€3,738 | |
| Financial charges | 65/66B | €134 | €122 | -€12 | -9.2% |
| Recurring financial charges | 65 | €134 | €122 | -€12 | -9.2% |
| Profit (loss) for the period before taxes | 9903 | €138,203 | €100,439 | -€37,764 | -27.3% |
| Income taxes | 67/77 | €35,573 | €26,114 | -€9,458 | -26.6% |
| Profit (loss) for the period | 9904 | €102,630 | €74,325 | -€28,306 | -27.6% |
| Profit (loss) for the period to be appropriated | 9905 | €102,630 | €74,325 | -€28,306 | -27.6% |
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 8 October 2026 via checked.be.