MEDIKA: 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.
MEDIKA
Largest movements
- Cash +€32,322
up €32,322 (+21.9%), from €147,627 to €179,949
mainly Net result for the year (+€68,766) and Depreciation (+€21,112)
- Receivables within one year +€15,929
up €15,929 (+91.9%), from €17,328 to €33,256
of which Trade receivables: +€16,950
- Tangible fixed assets -€4,607
down €4,607 (-6.0%), from €77,159 to €72,551
of which Furniture and vehicles: -€8,114
- Reserves +€34,410
up €34,410 (+20.6%), from €167,140 to €201,550
of which Distributable reserves: +€62,000
- Tax, wage and social debts +€8,208
up €8,208 (+96.6%), from €8,497 to €16,706
of which Taxes: +€9,814
- Profit (loss) carried forward +€6,766
up €6,766 (+17.0%), from €39,710 to €46,476
- Short-term financial debts -€2,906
down €2,906 (-94.1%), from €3,087 to €181
- Depreciation +€8,013
up €8,013 (+61.2%), from €13,099 to €21,112
- Taxes +€5,039
up €5,039 (+23.4%), from €21,493 to €26,532
- Gross operating margin +€4,823
up €4,823 (+4.2%), from €115,842 to €120,665
- Staff costs -€3,277
down €3,277 (-9.7%), from €33,694 to €30,417
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 | €242,476 | €286,369 | +€43,893 | +18.1% |
| Fixed assets | 21/28 | €77,522 | €72,914 | -€4,607 | -5.9% |
| Tangible fixed assets | 22/27 | €77,159 | €72,551 | -€4,607 | -6.0% |
| Plant, machinery and equipment | 23 | €30,658 | €34,164 | +€3,507 | +11.4% |
| Furniture and vehicles | 24 | €46,501 | €38,387 | -€8,114 | -17.4% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €164,954 | €213,455 | +€48,501 | +29.4% |
| Amounts receivable within one year | 40/41 | €17,328 | €33,256 | +€15,929 | +91.9% |
| Trade receivables | 40 | - | €16,950 | +€16,950 | |
| Other amounts receivable | 41 | €17,328 | €16,306 | -€1,022 | -5.9% |
| Cash at bank and in hand | 54/58 | €147,627 | €179,949 | +€32,322 | +21.9% |
| Deferred charges and accrued income | 490/1 | €0 | €250 | +€250 | |
| Total equity and liabilities | 10/49 | €242,476 | €286,369 | +€43,893 | +18.1% |
| Equity | 10/15 | €225,450 | €266,626 | +€41,176 | +18.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €167,140 | €201,550 | +€34,410 | +20.6% |
| Tax-exempt reserves | 132 | €48,640 | €21,050 | -€27,590 | -56.7% |
| Distributable reserves | 133 | €118,500 | €180,500 | +€62,000 | +52.3% |
| Profit (loss) carried forward | 14 | €39,710 | €46,476 | +€6,766 | +17.0% |
| Amounts payable | 17/49 | €17,026 | €19,743 | +€2,717 | +16.0% |
| Amounts payable within one year | 42/48 | €16,924 | €19,743 | +€2,819 | +16.7% |
| Financial debts | 43 | €3,087 | €181 | -€2,906 | -94.1% |
| Credit institutions | 430/8 | €3,087 | €181 | -€2,906 | -94.1% |
| Trade debts | 44 | €5,340 | €2,856 | -€2,484 | -46.5% |
| Suppliers | 440/4 | €5,340 | €2,856 | -€2,484 | -46.5% |
| Taxes, remuneration and social security | 45 | €8,497 | €16,706 | +€8,208 | +96.6% |
| Taxes | 450/3 | €1,493 | €11,307 | +€9,814 | +657.2% |
| Remuneration and social security | 454/9 | €7,004 | €5,399 | -€1,606 | -22.9% |
| Accrued charges and deferred income | 492/3 | €102 | €0 | -€102 | -100.0% |
| Remuneration, social security and pensions | 62 | €33,694 | €30,417 | -€3,277 | -9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,099 | €21,112 | +€8,013 | +61.2% |
| Other operating charges | 640/8 | €957 | €1,990 | +€1,033 | +107.9% |
| Gross operating margin | 9900 | €115,842 | €120,665 | +€4,823 | +4.2% |
| Operating profit (loss) | 9901 | €68,092 | €67,146 | -€946 | -1.4% |
| Financial income | 75/76B | - | €1,132 | +€1,132 | |
| Recurring financial income | 75 | - | €1,132 | +€1,132 | |
| Financial charges | 65/66B | €593 | €570 | -€23 | -3.9% |
| Recurring financial charges | 65 | €593 | €570 | -€23 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | €67,499 | €67,708 | +€210 | +0.3% |
| Transfer from deferred taxes | 780 | - | €27,590 | +€27,590 | |
| Income taxes | 67/77 | €21,493 | €26,532 | +€5,039 | +23.4% |
| Profit (loss) for the period | 9904 | €46,006 | €68,766 | +€22,761 | +49.5% |
| Transfer to tax-exempt reserves | 689 | €21,050 | €0 | -€21,050 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €24,956 | €68,766 | +€43,811 | +175.6% |
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 10 October 2026 via checked.be.