MEDIN: 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.
MEDIN
Largest movements
- Cash +€145,460
up €145,460 (+16.1%), from €900,806 to €1.0m
mainly Receivables within one year (+€99,072) and Depreciation (+€22,142)
- Receivables within one year -€99,072
down €99,072 (-21.0%), from €471,325 to €372,253
of which Other amounts receivable: -€125,208
- Tangible fixed assets -€22,142
down €22,142 (-6.1%), from €363,371 to €341,230
of which Land and buildings: -€17,930
No liability line moved by more than 1% of the balance sheet total.
- Depreciation -€3,600
down €3,600 (-14.0%), from €25,741 to €22,142
- Financial income -€993
down €993 (-27.5%), from €3,609 to €2,616
- Taxes +€882
up €882 (+169%), from €523 to €1,405
- Gross operating margin -€430
down €430 (-1.3%), from €33,944 to €33,514
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 | €1,735,502 | €1,762,685 | +€27,183 | +1.6% |
| Fixed assets | 21/28 | €363,371 | €341,230 | -€22,142 | -6.1% |
| Tangible fixed assets | 22/27 | €363,371 | €341,230 | -€22,142 | -6.1% |
| Land and buildings | 22 | €339,902 | €321,972 | -€17,930 | -5.3% |
| Plant, machinery and equipment | 23 | €23,469 | €19,258 | -€4,212 | -17.9% |
| Current assets | 29/58 | €1,372,131 | €1,421,455 | +€49,324 | +3.6% |
| Amounts receivable within one year | 40/41 | €471,325 | €372,253 | -€99,072 | -21.0% |
| Trade receivables | 40 | €13,494 | €39,630 | +€26,135 | +194% |
| Other amounts receivable | 41 | €457,830 | €332,623 | -€125,208 | -27.3% |
| Cash at bank and in hand | 54/58 | €900,806 | €1,046,266 | +€145,460 | +16.1% |
| Deferred charges and accrued income | 490/1 | - | €2,937 | +€2,937 | |
| Total equity and liabilities | 10/49 | €1,735,502 | €1,762,685 | +€27,183 | +1.6% |
| Equity | 10/15 | €1,712,548 | €1,714,500 | +€1,952 | +0.1% |
| Contributions | 10/11 | €650,000 | €650,000 | = | 0.0% |
| Capital | 10 | €650,000 | €650,000 | = | 0.0% |
| Issued capital | 100 | €650,000 | €650,000 | = | 0.0% |
| Reserves | 13 | €1,062,548 | €1,064,500 | +€1,952 | +0.2% |
| Non-distributable reserves | 130/1 | €65,000 | €65,000 | = | 0.0% |
| Legal reserve | 130 | €65,000 | €65,000 | = | 0.0% |
| Distributable reserves | 133 | €997,548 | €999,500 | +€1,952 | +0.2% |
| Amounts payable | 17/49 | €22,955 | €48,185 | +€25,230 | +110% |
| Amounts payable within one year | 42/48 | €11,322 | €24,553 | +€13,230 | +117% |
| Trade debts | 44 | €64 | €16,295 | +€16,231 | +25,440% |
| Suppliers | 440/4 | €64 | €16,295 | +€16,231 | +25,440% |
| Taxes, remuneration and social security | 45 | €494 | €1,387 | +€893 | +181% |
| Taxes | 450/3 | €494 | €1,387 | +€893 | +181% |
| Other amounts payable | 47/48 | €10,765 | €6,871 | -€3,894 | -36.2% |
| Accrued charges and deferred income | 492/3 | €11,633 | €23,633 | +€12,000 | +103% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,741 | €22,142 | -€3,600 | -14.0% |
| Other operating charges | 640/8 | €10,045 | €10,361 | +€316 | +3.1% |
| Gross operating margin | 9900 | €33,944 | €33,514 | -€430 | -1.3% |
| Operating profit (loss) | 9901 | -€1,842 | €1,011 | +€2,853 | |
| Financial income | 75/76B | €3,609 | €2,616 | -€993 | -27.5% |
| Recurring financial income | 75 | €3,609 | €2,616 | -€993 | -27.5% |
| Financial charges | 65/66B | €217 | €271 | +€54 | +25.1% |
| Recurring financial charges | 65 | €217 | €271 | +€54 | +25.1% |
| Profit (loss) for the period before taxes | 9903 | €1,550 | €3,357 | +€1,807 | +117% |
| Income taxes | 67/77 | €523 | €1,405 | +€882 | +169% |
| Profit (loss) for the period | 9904 | €1,028 | €1,952 | +€925 | +90.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,028 | €1,952 | +€925 | +90.0% |
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 13 October 2026 via checked.be.