MEDIMAD: 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.
MEDIMAD
Largest movements
- Cash +€86,297
up €86,297 (+21.7%), from €397,436 to €483,733
mainly Net result for the year (+€211,344) and Other debts (+€170,327)
- Tangible fixed assets +€25,931
up €25,931 (+9.3%), from €278,205 to €304,136
of which Land and buildings: +€38,890
- Other debts +€170,327
up €170,327 (+72.6%), from €234,492 to €404,818
- Profit (loss) carried forward -€48,656
down €48,656 (-92.8%), from €52,429 to €3,773
- Debts after one year +€36,528
up €36,528 (+14.7%), from €248,342 to €284,870
- Trade debts -€34,048
down €34,048 (-88.7%), from €38,401 to €4,354
- Tax, wage and social debts -€26,445
down €26,445 (-60.9%), from €43,445 to €17,000
of which Taxes: -€20,800
- Gross operating margin +€40,086
up €40,086 (+14.7%), from €271,988 to €312,073
- Financial charges +€4,566
up €4,566 (+83.4%), from €5,475 to €10,040
From the 30-09-2024 result to the 30-09-2025 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 30-09-2024 and 30-09-2025 balance sheets and the 30-09-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 30-09-2024 | 30-09-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €676,811 | €793,860 | +€117,049 | +17.3% |
| Fixed assets | 21/28 | €278,330 | €304,136 | +€25,806 | +9.3% |
| Tangible fixed assets | 22/27 | €278,205 | €304,136 | +€25,931 | +9.3% |
| Land and buildings | 22 | €264,032 | €302,922 | +€38,890 | +14.7% |
| Plant, machinery and equipment | 23 | €14,173 | €1,214 | -€12,959 | -91.4% |
| Financial fixed assets | 28 | €125 | - | -€125 | |
| Current assets | 29/58 | €398,481 | €489,724 | +€91,243 | +22.9% |
| Amounts receivable within one year | 40/41 | - | €5,992 | +€5,992 | |
| Trade receivables | 40 | - | €5,925 | +€5,925 | |
| Other amounts receivable | 41 | - | €67 | +€67 | |
| Cash at bank and in hand | 54/58 | €397,436 | €483,733 | +€86,297 | +21.7% |
| Deferred charges and accrued income | 490/1 | €1,045 | - | -€1,045 | |
| Total equity and liabilities | 10/49 | €676,811 | €793,860 | +€117,049 | +17.3% |
| Equity | 10/15 | €72,889 | €24,233 | -€48,656 | -66.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €52,429 | €3,773 | -€48,656 | -92.8% |
| Amounts payable | 17/49 | €603,922 | €769,627 | +€165,705 | +27.4% |
| Amounts payable after more than one year | 17 | €248,342 | €284,870 | +€36,528 | +14.7% |
| Financial debts | 170/4 | €248,342 | €284,870 | +€36,528 | +14.7% |
| Amounts payable within one year | 42/48 | €355,580 | €484,757 | +€129,177 | +36.3% |
| Current portion of amounts payable after more than one year | 42 | €16,997 | €25,904 | +€8,907 | +52.4% |
| Financial debts | 43 | €22,245 | €32,681 | +€10,436 | +46.9% |
| Credit institutions | 430/8 | €22,245 | €32,681 | +€10,436 | +46.9% |
| Trade debts | 44 | €38,401 | €4,354 | -€34,048 | -88.7% |
| Suppliers | 440/4 | €38,401 | €4,354 | -€34,048 | -88.7% |
| Taxes, remuneration and social security | 45 | €43,445 | €17,000 | -€26,445 | -60.9% |
| Taxes | 450/3 | €37,800 | €17,000 | -€20,800 | -55.0% |
| Remuneration and social security | 454/9 | €5,645 | - | -€5,645 | |
| Other amounts payable | 47/48 | €234,492 | €404,818 | +€170,327 | +72.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,159 | €22,620 | +€2,461 | +12.2% |
| Other operating charges | 640/8 | €2,297 | €2,200 | -€97 | -4.2% |
| Gross operating margin | 9900 | €271,988 | €312,073 | +€40,086 | +14.7% |
| Operating profit (loss) | 9901 | €249,532 | €287,253 | +€37,722 | +15.1% |
| Financial income | 75/76B | €1,363 | €2,280 | +€917 | +67.3% |
| Recurring financial income | 75 | €1,363 | €2,280 | +€917 | +67.3% |
| Financial charges | 65/66B | €5,475 | €10,040 | +€4,566 | +83.4% |
| Recurring financial charges | 65 | €5,475 | €10,040 | +€4,566 | +83.4% |
| Profit (loss) for the period before taxes | 9903 | €245,420 | €279,493 | +€34,073 | +13.9% |
| Income taxes | 67/77 | €69,442 | €68,149 | -€1,293 | -1.9% |
| Profit (loss) for the period | 9904 | €175,978 | €211,344 | +€35,366 | +20.1% |
| Profit (loss) for the period to be appropriated | 9905 | €175,978 | €211,344 | +€35,366 | +20.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.