MEDINA: 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.
MEDINA
Largest movements
- Stocks and contracts -€19,706
down €19,706 (-21.3%), from €92,380 to €72,673
- Receivables within one year -€3,274
down €3,274 (-69.8%), from €4,691 to €1,417
- Cash -€1,906
down €1,906 (-51.1%), from €3,733 to €1,827
mainly Net result for the year (-€24,076) and Trade debts (-€4,865)
- Profit (loss) carried forward -€24,076
down €24,076 (-38.1%), from -€63,149 to -€87,225
- Tax, wage and social debts +€7,428
up €7,428 (+865%), from €859 to €8,287
of which Remuneration and social security: +€6,240
- Trade debts -€4,865
down €4,865 (-5.0%), from €96,683 to €91,819
- Advances received -€3,500
down €3,500 (-56.0%), from €6,250 to €2,750
- Turnover -€21,643
down €21,643 (-31.2%), from €69,276 to €47,634
- Gross operating margin -€18,424
down €18,424 (-412%), from -€4,470 to -€22,894
- Purchases and services -€3,169
down €3,169 (-4.2%), from €75,346 to €72,177
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 | €103,309 | €78,432 | -€24,877 | -24.1% |
| Fixed assets | 21/28 | €2,122 | €2,122 | = | 0.0% |
| Financial fixed assets | 28 | €2,122 | €2,122 | = | 0.0% |
| Current assets | 29/58 | €101,188 | €76,311 | -€24,877 | -24.6% |
| Stocks and contracts in progress | 3 | €92,380 | €72,673 | -€19,706 | -21.3% |
| Stocks | 30/36 | €92,380 | €72,673 | -€19,706 | -21.3% |
| Amounts receivable within one year | 40/41 | €4,691 | €1,417 | -€3,274 | -69.8% |
| Trade receivables | 40 | €4,691 | €1,417 | -€3,274 | -69.8% |
| Cash at bank and in hand | 54/58 | €3,733 | €1,827 | -€1,906 | -51.1% |
| Deferred charges and accrued income | 490/1 | €384 | €394 | +€10 | +2.5% |
| Total equity and liabilities | 10/49 | €103,309 | €78,432 | -€24,877 | -24.1% |
| Equity | 10/15 | -€22,698 | -€46,773 | -€24,076 | -106% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €21,859 | €21,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€63,149 | -€87,225 | -€24,076 | -38.1% |
| Amounts payable | 17/49 | €126,007 | €125,206 | -€801 | -0.6% |
| Amounts payable within one year | 42/48 | €126,007 | €125,206 | -€801 | -0.6% |
| Trade debts | 44 | €96,683 | €91,819 | -€4,865 | -5.0% |
| Suppliers | 440/4 | €96,683 | €91,819 | -€4,865 | -5.0% |
| Advances received on contracts in progress | 46 | €6,250 | €2,750 | -€3,500 | -56.0% |
| Taxes, remuneration and social security | 45 | €859 | €8,287 | +€7,428 | +865% |
| Taxes | 450/3 | €859 | €2,047 | +€1,188 | +138% |
| Remuneration and social security | 454/9 | - | €6,240 | +€6,240 | |
| Other amounts payable | 47/48 | €22,215 | €22,351 | +€136 | +0.6% |
| Turnover | 70 | €69,276 | €47,634 | -€21,643 | -31.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €75,346 | €72,177 | -€3,169 | -4.2% |
| Other operating charges | 640/8 | €1,147 | €936 | -€211 | -18.4% |
| Gross operating margin | 9900 | -€4,470 | -€22,894 | -€18,424 | -412% |
| Operating profit (loss) | 9901 | -€5,616 | -€23,829 | -€18,213 | -324% |
| Financial income | 75/76B | €362 | - | -€362 | |
| Recurring financial income | 75 | €362 | - | -€362 | |
| Financial charges | 65/66B | €272 | €247 | -€25 | -9.3% |
| Recurring financial charges | 65 | €272 | €247 | -€25 | -9.3% |
| Profit (loss) for the period before taxes | 9903 | -€5,526 | -€24,076 | -€18,550 | -336% |
| Profit (loss) for the period | 9904 | -€5,526 | -€24,076 | -€18,550 | -336% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,526 | -€24,076 | -€18,550 | -336% |
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 22 October 2026 via checked.be.