MEDILOR: 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.
MEDILOR
Largest movements
- Receivables within one year -€38,085
down €38,085 (-20.1%), from €189,505 to €151,421
of which Trade receivables: -€52,416
- Cash -€34,797
down €34,797 (-12.6%), from €276,396 to €241,599
mainly Contributions, distributions and other (-€64,650) and Investment in fixed assets (net) (-€56,288)
- Stocks and contracts +€22,983
up €22,983 (+11.9%), from €192,599 to €215,582
- Reserves -€69,866
down €69,866 (-9.8%), from €712,251 to €642,384
of which Distributable reserves: -€69,866
- Trade debts +€37,714
up €37,714 (+39.0%), from €96,641 to €134,355
- Debts after one year -€25,264
down €25,264 (-39.0%), from €64,841 to €39,577
- Current portion of long-term debt +€9,913
up €9,913 (+32.7%), from €30,352 to €40,264
- Tax, wage and social debts -€9,757
down €9,757 (-29.3%), from €33,305 to €23,548
of which Taxes: -€13,167
- Other operating charges +€24,532
up €24,532 (+340%), from €7,208 to €31,740
- Gross operating margin -€17,817
down €17,817 (-7.5%), from €237,060 to €219,243
- Staff costs +€10,557
up €10,557 (+10.8%), from €97,709 to €108,266
- Taxes +€6,299
up €6,299 (+36.3%), from €17,335 to €23,635
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.
Derived cash bridge
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 | €963,911 | €902,099 | -€61,812 | -6.4% |
| Fixed assets | 21/28 | €299,404 | €293,498 | -€5,906 | -2.0% |
| Intangible fixed assets | 21 | €8,256 | €6,547 | -€1,709 | -20.7% |
| Tangible fixed assets | 22/27 | €286,046 | €281,849 | -€4,197 | -1.5% |
| Land and buildings | 22 | €199,946 | €181,471 | -€18,475 | -9.2% |
| Plant, machinery and equipment | 23 | €982 | €28 | -€954 | -97.2% |
| Furniture and vehicles | 24 | €85,118 | €100,350 | +€15,232 | +17.9% |
| Financial fixed assets | 28 | €5,102 | €5,102 | = | 0.0% |
| Current assets | 29/58 | €664,507 | €608,601 | -€55,906 | -8.4% |
| Stocks and contracts in progress | 3 | €192,599 | €215,582 | +€22,983 | +11.9% |
| Stocks | 30/36 | €192,599 | €215,582 | +€22,983 | +11.9% |
| Amounts receivable within one year | 40/41 | €189,505 | €151,421 | -€38,085 | -20.1% |
| Trade receivables | 40 | €176,618 | €124,202 | -€52,416 | -29.7% |
| Other amounts receivable | 41 | €12,887 | €27,218 | +€14,331 | +111% |
| Cash at bank and in hand | 54/58 | €276,396 | €241,599 | -€34,797 | -12.6% |
| Deferred charges and accrued income | 490/1 | €6,008 | - | -€6,008 | |
| Total equity and liabilities | 10/49 | €963,911 | €902,099 | -€61,812 | -6.4% |
| Equity | 10/15 | €735,188 | €663,505 | -€71,683 | -9.8% |
| Contributions | 10/11 | €21,121 | €21,121 | = | 0.0% |
| Reserves | 13 | €712,251 | €642,384 | -€69,866 | -9.8% |
| Non-distributable reserves | 130/1 | €2,112 | €2,112 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,112 | €2,112 | = | 0.0% |
| Distributable reserves | 133 | €710,138 | €640,272 | -€69,866 | -9.8% |
| Investment grants | 15 | €1,817 | - | -€1,817 | |
| Provisions and deferred taxes | 16 | €1,949 | - | -€1,949 | |
| Deferred taxes | 168 | €1,949 | - | -€1,949 | |
| Amounts payable | 17/49 | €226,775 | €238,594 | +€11,820 | +5.2% |
| Amounts payable after more than one year | 17 | €64,841 | €39,577 | -€25,264 | -39.0% |
| Financial debts | 170/4 | €64,841 | €39,577 | -€25,264 | -39.0% |
| Amounts payable within one year | 42/48 | €161,934 | €199,018 | +€37,084 | +22.9% |
| Current portion of amounts payable after more than one year | 42 | €30,352 | €40,264 | +€9,913 | +32.7% |
| Trade debts | 44 | €96,641 | €134,355 | +€37,714 | +39.0% |
| Suppliers | 440/4 | €96,641 | €134,355 | +€37,714 | +39.0% |
| Taxes, remuneration and social security | 45 | €33,305 | €23,548 | -€9,757 | -29.3% |
| Taxes | 450/3 | €16,839 | €3,672 | -€13,167 | -78.2% |
| Remuneration and social security | 454/9 | €16,466 | €19,877 | +€3,410 | +20.7% |
| Other amounts payable | 47/48 | €1,636 | €850 | -€786 | -48.0% |
| Remuneration, social security and pensions | 62 | €97,709 | €108,266 | +€10,557 | +10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,090 | €62,194 | +€104 | +0.2% |
| Other operating charges | 640/8 | €7,208 | €31,740 | +€24,532 | +340% |
| Gross operating margin | 9900 | €237,060 | €219,243 | -€17,817 | -7.5% |
| Operating profit (loss) | 9901 | €70,053 | €17,042 | -€53,011 | -75.7% |
| Financial income | 75/76B | €2,448 | €2,437 | -€11 | -0.4% |
| Recurring financial income | 75 | €2,360 | €2,437 | +€77 | +3.3% |
| Non-recurring financial income | 76B | €88 | - | -€88 | |
| Financial charges | 65/66B | €7,005 | €4,827 | -€2,177 | -31.1% |
| Recurring financial charges | 65 | €7,005 | €4,827 | -€2,177 | -31.1% |
| Profit (loss) for the period before taxes | 9903 | €65,497 | €14,652 | -€50,844 | -77.6% |
| Transfer from deferred taxes | 780 | €154 | €1,949 | +€1,795 | +1,167% |
| Income taxes | 67/77 | €17,335 | €23,635 | +€6,299 | +36.3% |
| Profit (loss) for the period | 9904 | €48,315 | -€7,033 | -€55,349 | |
| Profit (loss) for the period to be appropriated | 9905 | €48,315 | -€7,033 | -€55,349 |
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 21 October 2026 via checked.be.