MEDIM: 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.
MEDIM
Largest movements
- Tangible fixed assets +€98,619
up €98,619 (+7.5%), from €1.3m to €1.4m
of which Land and buildings: +€53,969
- Cash -€64,483
down €64,483 (-20.0%), from €321,835 to €257,352
mainly Investment in fixed assets (net) (-€330,462) and Other debts (-€206,194)
- Current investments -€32,594
down €32,594 (-37.3%), from €87,362 to €54,768
- Receivables within one year -€22,366
down €22,366 (-100.0%), from €22,366 to €0
- Other debts -€206,194
down €206,194 (-23.4%), from €879,826 to €673,631
- Reserves +€169,259
up €169,259 (+19.3%), from €877,481 to €1.0m
of which Distributable reserves: +€169,259
- Accrued charges and deferred income +€29,833
up €29,833 (+89.7%), from €33,263 to €63,096
- Gross operating margin +€123,826
up €123,826 (+24.4%), from €506,558 to €630,384
- Depreciation +€69,196
up €69,196 (+42.5%), from €162,646 to €231,842
- Financial charges +€20,864
up €20,864 (+50.0%), from €41,693 to €62,558
- Staff costs +€18,466
up €18,466 (+21.9%), from €84,494 to €102,960
- Financial income +€13,254
up €13,254 (+631.7%), from €2,098 to €15,353
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,883,030 | €1,860,650 | -€22,380 | -1.2% |
| Fixed assets | 21/28 | €1,318,364 | €1,416,984 | +€98,619 | +7.5% |
| Tangible fixed assets | 22/27 | €1,318,364 | €1,416,984 | +€98,619 | +7.5% |
| Land and buildings | 22 | €978,762 | €1,032,730 | +€53,969 | +5.5% |
| Plant, machinery and equipment | 23 | €233,829 | €240,402 | +€6,574 | +2.8% |
| Furniture and vehicles | 24 | €105,774 | €143,851 | +€38,077 | +36.0% |
| Current assets | 29/58 | €564,666 | €443,666 | -€120,999 | -21.4% |
| Amounts receivable after more than one year | 29 | €70,000 | €70,000 | = | 0.0% |
| Other amounts receivable | 291 | €70,000 | €70,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €22,366 | €0 | -€22,366 | -100.0% |
| Other amounts receivable | 41 | €22,366 | €0 | -€22,366 | -100.0% |
| Current investments | 50/53 | €87,362 | €54,768 | -€32,594 | -37.3% |
| Cash at bank and in hand | 54/58 | €321,835 | €257,352 | -€64,483 | -20.0% |
| Deferred charges and accrued income | 490/1 | €63,103 | €61,547 | -€1,556 | -2.5% |
| Total equity and liabilities | 10/49 | €1,883,030 | €1,860,650 | -€22,380 | -1.2% |
| Equity | 10/15 | €903,404 | €1,065,340 | +€161,936 | +17.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €877,481 | €1,046,740 | +€169,259 | +19.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €56,250 | €56,250 | = | 0.0% |
| Distributable reserves | 133 | €821,231 | €990,490 | +€169,259 | +20.6% |
| Profit (loss) carried forward | 14 | €7,323 | €0 | -€7,323 | -100.0% |
| Amounts payable | 17/49 | €979,626 | €795,310 | -€184,316 | -18.8% |
| Amounts payable within one year | 42/48 | €946,363 | €732,214 | -€214,148 | -22.6% |
| Trade debts | 44 | €16,397 | €9,389 | -€7,008 | -42.7% |
| Suppliers | 440/4 | €16,397 | €9,389 | -€7,008 | -42.7% |
| Taxes, remuneration and social security | 45 | €50,141 | €49,194 | -€946 | -1.9% |
| Taxes | 450/3 | €35,639 | €30,199 | -€5,440 | -15.3% |
| Remuneration and social security | 454/9 | €14,502 | €18,996 | +€4,494 | +31.0% |
| Other amounts payable | 47/48 | €879,826 | €673,631 | -€206,194 | -23.4% |
| Accrued charges and deferred income | 492/3 | €33,263 | €63,096 | +€29,833 | +89.7% |
| Remuneration, social security and pensions | 62 | €84,494 | €102,960 | +€18,466 | +21.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €162,646 | €231,842 | +€69,196 | +42.5% |
| Other operating charges | 640/8 | €13,544 | €15,431 | +€1,887 | +13.9% |
| Gross operating margin | 9900 | €506,558 | €630,384 | +€123,826 | +24.4% |
| Operating profit (loss) | 9901 | €245,873 | €280,151 | +€34,278 | +13.9% |
| Financial income | 75/76B | €2,098 | €15,353 | +€13,254 | +631.7% |
| Recurring financial income | 75 | €2,098 | €15,353 | +€13,254 | +631.7% |
| Financial charges | 65/66B | €41,693 | €62,558 | +€20,864 | +50.0% |
| Recurring financial charges | 65 | €41,693 | €62,558 | +€20,864 | +50.0% |
| Profit (loss) for the period before taxes | 9903 | €206,278 | €232,946 | +€26,668 | +12.9% |
| Income taxes | 67/77 | €62,270 | €71,010 | +€8,740 | +14.0% |
| Profit (loss) for the period | 9904 | €144,008 | €161,936 | +€17,928 | +12.4% |
| Profit (loss) for the period to be appropriated | 9905 | €144,008 | €161,936 | +€17,928 | +12.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2023 and 30 September 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.