MEDIHAVEN: 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.
MEDIHAVEN
Largest movements
- Tangible fixed assets -€42,421
down €42,421 (-6.4%), from €660,591 to €618,171
of which Land and buildings: -€39,054
- Deferred charges and accrued income +€7,777
up €7,777 (+17.8%), from €43,750 to €51,528
- Debts after one year -€49,614
down €49,614 (-10.2%), from €488,244 to €438,631
- Trade debts -€9,229
down €9,229 (-9.9%), from €93,503 to €84,274
- Reserves +€9,000
up €9,000 (+40.0%), from €22,500 to €31,500
- Gross operating margin +€121,177
up €121,177 (+59.5%), from €203,827 to €325,004
- Staff costs +€114,581
up €114,581 (+79.7%), from €143,803 to €258,384
- Taxes +€3,975
up €3,975 (+709.0%), from €561 to €4,536
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 | €769,602 | €727,452 | -€42,150 | -5.5% |
| Fixed assets | 21/28 | €660,591 | €618,171 | -€42,421 | -6.4% |
| Tangible fixed assets | 22/27 | €660,591 | €618,171 | -€42,421 | -6.4% |
| Land and buildings | 22 | €621,130 | €582,076 | -€39,054 | -6.3% |
| Plant, machinery and equipment | 23 | €7,570 | €6,750 | -€820 | -10.8% |
| Furniture and vehicles | 24 | €31,891 | €29,345 | -€2,546 | -8.0% |
| Current assets | 29/58 | €109,011 | €109,281 | +€271 | +0.2% |
| Amounts receivable within one year | 40/41 | €6,937 | €1,719 | -€5,218 | -75.2% |
| Trade receivables | 40 | €1,248 | €1,255 | +€7 | +0.6% |
| Other amounts receivable | 41 | €5,689 | €464 | -€5,225 | -91.8% |
| Cash at bank and in hand | 54/58 | €58,323 | €56,035 | -€2,289 | -3.9% |
| Deferred charges and accrued income | 490/1 | €43,750 | €51,528 | +€7,777 | +17.8% |
| Total equity and liabilities | 10/49 | €769,602 | €727,452 | -€42,150 | -5.5% |
| Equity | 10/15 | €112,548 | €121,638 | +€9,090 | +8.1% |
| Contributions | 10/11 | €90,000 | €90,000 | = | 0.0% |
| Reserves | 13 | €22,500 | €31,500 | +€9,000 | +40.0% |
| Distributable reserves | 133 | €22,500 | €31,500 | +€9,000 | +40.0% |
| Profit (loss) carried forward | 14 | €48 | €138 | +€90 | +190.4% |
| Amounts payable | 17/49 | €657,055 | €605,814 | -€51,240 | -7.8% |
| Amounts payable after more than one year | 17 | €488,244 | €438,631 | -€49,614 | -10.2% |
| Financial debts | 170/4 | €488,244 | €438,631 | -€49,614 | -10.2% |
| Amounts payable within one year | 42/48 | €168,810 | €167,184 | -€1,627 | -1.0% |
| Current portion of amounts payable after more than one year | 42 | €49,514 | €49,614 | +€99 | +0.2% |
| Trade debts | 44 | €93,503 | €84,274 | -€9,229 | -9.9% |
| Suppliers | 440/4 | €93,503 | €84,274 | -€9,229 | -9.9% |
| Taxes, remuneration and social security | 45 | €23,111 | €30,561 | +€7,449 | +32.2% |
| Taxes | 450/3 | €1,201 | €3,505 | +€2,304 | +191.9% |
| Remuneration and social security | 454/9 | €21,911 | €27,056 | +€5,145 | +23.5% |
| Other amounts payable | 47/48 | €2,682 | €2,735 | +€54 | +2.0% |
| Remuneration, social security and pensions | 62 | €143,803 | €258,384 | +€114,581 | +79.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,785 | €46,018 | +€1,233 | +2.8% |
| Other operating charges | 640/8 | €2,862 | €2,714 | -€148 | -5.2% |
| Gross operating margin | 9900 | €203,827 | €325,004 | +€121,177 | +59.5% |
| Operating profit (loss) | 9901 | €12,378 | €17,888 | +€5,511 | +44.5% |
| Financial income | 75/76B | €0 | €0 | +€0 | +42.9% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +42.9% |
| Financial charges | 65/66B | €4,748 | €4,262 | -€486 | -10.2% |
| Recurring financial charges | 65 | €4,748 | €4,262 | -€486 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | €7,630 | €13,626 | +€5,996 | +78.6% |
| Income taxes | 67/77 | €561 | €4,536 | +€3,975 | +709.0% |
| Profit (loss) for the period | 9904 | €7,070 | €9,090 | +€2,021 | +28.6% |
| Profit (loss) for the period to be appropriated | 9905 | €7,070 | €9,090 | +€2,021 | +28.6% |
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 4 October 2026 via checked.be.