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MEDIMED: 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.

What changed

MEDIMED

BE 0435.304.029
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€142,187
2024 · €122,627+€19,559
Equity
€1.1m
2024 · €915,262+€142,187
Cash
€668,403
2024 · €565,404+€102,999
Balance sheet total
€1.1m
2024 · €958,617+€157,916

Largest movements

2024 to 2025
Assets
  • Cash +€102,999

    up €102,999 (+18.2%), from €565,404 to €668,403

    mainly Net result for the year (+€142,187) and Tax, wage and social debts (+€20,534)

  • Deferred charges and accrued income +€44,063

    up €44,063 (+396.2%), from €11,122 to €55,185

  • Current investments +€24,332

    up €24,332 (+6.6%), from €365,947 to €390,279

Equity and liabilities
  • Reserves +€142,187

    up €142,187 (+15.8%), from €901,548 to €1.0m

    of which Distributable reserves: +€142,187

  • Tax, wage and social debts +€20,534

    up €20,534 (+73.4%), from €27,980 to €48,514

    of which Taxes: +€14,119

Income statement
  • Gross operating margin +€27,880

    up €27,880 (+14.1%), from €197,480 to €225,360

  • Taxes +€8,449

    up €8,449 (+14.5%), from €58,407 to €66,856

  • Staff costs +€2,394

    up €2,394 (+22.4%), from €10,696 to €13,090

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 €122,627
Gross operating margin +€27,880
Staff costs -€2,394
Depreciation +€1,088
Other operating charges +€404
Other operating items +€86
Financial income +€979
Financial charges -€34
Taxes -€8,449
Result 2025 €142,187

Cash bridge derived

cash 2024 to 2025

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.

From operations +€119,833
Investment -€16,834
Financing €0
Cash 2024 €565,404
Net result for the year +€142,187
Depreciation +€1,770
Receivables within one year +€4,210
Deferred charges and accrued income -€44,063
Trade debts +€4,939
Tax, wage and social debts +€20,534
Other debts -€9,743
Investment in fixed assets (net) +€7,499
Current investments -€24,332
Cash 2025 €668,403
Every line side by side 45 lines
Line Code 2024 2025 Change %
Total assets 20/58 €958,617 €1,116,533 +€157,916 +16.5%
Fixed assets 21/28 €11,935 €2,666 -€9,269 -77.7%
Tangible fixed assets 22/27 €4,411 €2,641 -€1,770 -40.1%
Land and buildings 22 €2,636 €1,937 -€699 -26.5%
Furniture and vehicles 24 €1,775 €704 -€1,071 -60.3%
Financial fixed assets 28 €7,524 €25 -€7,499 -99.7%
Current assets 29/58 €946,682 €1,113,867 +€167,185 +17.7%
Amounts receivable within one year 40/41 €4,210 - -€4,210
Other amounts receivable 41 €4,210 - -€4,210
Current investments 50/53 €365,947 €390,279 +€24,332 +6.6%
Cash at bank and in hand 54/58 €565,404 €668,403 +€102,999 +18.2%
Deferred charges and accrued income 490/1 €11,122 €55,185 +€44,063 +396.2%
Total equity and liabilities 10/49 €958,617 €1,116,533 +€157,916 +16.5%
Equity 10/15 €915,262 €1,057,449 +€142,187 +15.5%
Contributions 10/11 €12,821 €12,821 = 0.0%
Outside capital 11 €12,821 €12,821 = 0.0%
Share premium 1100/10 €104 €104 = 0.0%
Other 1109/19 €12,717 €12,717 = 0.0%
Reserves 13 €901,548 €1,043,735 +€142,187 +15.8%
Non-distributable reserves 130/1 €1,860 €1,860 = 0.0%
Reserves not available under the articles 1311 €1,860 €1,860 = 0.0%
Distributable reserves 133 €899,688 €1,041,875 +€142,187 +15.8%
Profit (loss) carried forward 14 €893 €893 = 0.0%
Amounts payable 17/49 €43,355 €59,084 +€15,730 +36.3%
Amounts payable within one year 42/48 €43,355 €59,084 +€15,730 +36.3%
Trade debts 44 - €4,939 +€4,939
Suppliers 440/4 - €4,939 +€4,939
Taxes, remuneration and social security 45 €27,980 €48,514 +€20,534 +73.4%
Taxes 450/3 €25,427 €39,546 +€14,119 +55.5%
Remuneration and social security 454/9 €2,553 €8,968 +€6,415 +251.3%
Other amounts payable 47/48 €15,375 €5,632 -€9,743 -63.4%
Remuneration, social security and pensions 62 €10,696 €13,090 +€2,394 +22.4%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €2,858 €1,770 -€1,088 -38.1%
Other operating charges 640/8 €2,996 €2,592 -€404 -13.5%
Non-recurring operating charges 66A €148 €62 -€86 -58.1%
Gross operating margin 9900 €197,480 €225,360 +€27,880 +14.1%
Operating profit (loss) 9901 €180,782 €207,846 +€27,064 +15.0%
Financial income 75/76B €915 €1,894 +€979 +107.0%
Recurring financial income 75 €915 €1,894 +€979 +107.0%
Financial charges 65/66B €662 €696 +€34 +5.2%
Recurring financial charges 65 €662 €696 +€34 +5.2%
Profit (loss) for the period before taxes 9903 €181,035 €209,043 +€28,008 +15.5%
Income taxes 67/77 €58,407 €66,856 +€8,449 +14.5%
Profit (loss) for the period 9904 €122,627 €142,187 +€19,559 +16.0%
Profit (loss) for the period to be appropriated 9905 €122,627 €142,187 +€19,559 +16.0%

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 30 September 2026 via checked.be.