MEDINAM FL: 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.
MEDINAM FL
Largest movements
- Tangible fixed assets -€42,622
down €42,622 (-6.0%), from €709,497 to €666,875
- Current investments +€30,099
up €30,099 (+16.7%), from €180,009 to €210,108
- Cash -€29,886
down €29,886 (-37.3%), from €80,037 to €50,151
mainly Contributions, distributions and other (-€92,040) and Debts after one year (-€35,141)
- Receivables within one year +€19,671
up €19,671 (+356%), from €5,521 to €25,192
- Debts after one year -€35,141
down €35,141 (-13.7%), from €256,968 to €221,828
- Reserves +€30,640
up €30,640 (+5.6%), from €549,990 to €580,630
of which Distributable reserves: +€30,640
- Current portion of long-term debt -€18,969
down €18,969 (-34.0%), from €55,759 to €36,790
- Tax, wage and social debts +€17,505
new in 2025: €17,505
- Other debts -€15,327
down €15,327 (-14.3%), from €107,367 to €92,040
- Gross operating margin +€20,657
up €20,657 (+9.9%), from €209,260 to €229,918
- Taxes +€7,843
up €7,843 (+17.2%), from €45,661 to €53,505
- Other operating charges -€2,335
down €2,335 (-26.8%), from €8,710 to €6,375
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 | €1,002,593 | €976,619 | -€25,973 | -2.6% |
| Fixed assets | 21/28 | €709,598 | €666,976 | -€42,622 | -6.0% |
| Tangible fixed assets | 22/27 | €709,497 | €666,875 | -€42,622 | -6.0% |
| Land and buildings | 22 | €594,611 | €574,051 | -€20,560 | -3.5% |
| Plant, machinery and equipment | 23 | €3,752 | €6,279 | +€2,527 | +67.4% |
| Furniture and vehicles | 24 | €87,491 | €68,713 | -€18,779 | -21.5% |
| Other tangible fixed assets | 26 | €23,643 | €17,832 | -€5,811 | -24.6% |
| Financial fixed assets | 28 | €101 | €101 | = | 0.0% |
| Current assets | 29/58 | €292,994 | €309,643 | +€16,649 | +5.7% |
| Amounts receivable within one year | 40/41 | €5,521 | €25,192 | +€19,671 | +356% |
| Other amounts receivable | 41 | €5,521 | €25,192 | +€19,671 | +356% |
| Current investments | 50/53 | €180,009 | €210,108 | +€30,099 | +16.7% |
| Cash at bank and in hand | 54/58 | €80,037 | €50,151 | -€29,886 | -37.3% |
| Deferred charges and accrued income | 490/1 | €27,428 | €24,193 | -€3,234 | -11.8% |
| Total equity and liabilities | 10/49 | €1,002,593 | €976,619 | -€25,973 | -2.6% |
| Equity | 10/15 | €568,710 | €599,351 | +€30,641 | +5.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €549,990 | €580,630 | +€30,640 | +5.6% |
| Non-distributable reserves | 130/1 | €26,860 | €26,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €26,860 | €26,860 | = | 0.0% |
| Distributable reserves | 133 | €523,130 | €553,770 | +€30,640 | +5.9% |
| Profit (loss) carried forward | 14 | €120 | €121 | +€1 | +0.9% |
| Amounts payable | 17/49 | €433,883 | €377,268 | -€56,614 | -13.0% |
| Amounts payable after more than one year | 17 | €256,968 | €221,828 | -€35,141 | -13.7% |
| Financial debts | 170/4 | €256,968 | €221,828 | -€35,141 | -13.7% |
| Amounts payable within one year | 42/48 | €176,914 | €155,441 | -€21,474 | -12.1% |
| Current portion of amounts payable after more than one year | 42 | €55,759 | €36,790 | -€18,969 | -34.0% |
| Trade debts | 44 | €13,788 | €9,106 | -€4,682 | -34.0% |
| Suppliers | 440/4 | €13,788 | €9,106 | -€4,682 | -34.0% |
| Taxes, remuneration and social security | 45 | - | €17,505 | +€17,505 | |
| Taxes | 450/3 | - | €17,505 | +€17,505 | |
| Other amounts payable | 47/48 | €107,367 | €92,040 | -€15,327 | -14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,676 | €47,896 | +€2,221 | +4.9% |
| Other operating charges | 640/8 | €8,710 | €6,375 | -€2,335 | -26.8% |
| Gross operating margin | 9900 | €209,260 | €229,918 | +€20,657 | +9.9% |
| Operating profit (loss) | 9901 | €154,875 | €175,647 | +€20,772 | +13.4% |
| Financial income | 75/76B | €4,108 | €5,788 | +€1,680 | +40.9% |
| Recurring financial income | 75 | €4,108 | €5,788 | +€1,680 | +40.9% |
| Financial charges | 65/66B | €6,165 | €5,248 | -€917 | -14.9% |
| Recurring financial charges | 65 | €6,165 | €5,248 | -€917 | -14.9% |
| Profit (loss) for the period before taxes | 9903 | €152,817 | €176,186 | +€23,369 | +15.3% |
| Income taxes | 67/77 | €45,661 | €53,505 | +€7,843 | +17.2% |
| Profit (loss) for the period | 9904 | €107,156 | €122,681 | +€15,525 | +14.5% |
| Profit (loss) for the period to be appropriated | 9905 | €107,156 | €122,681 | +€15,525 | +14.5% |
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 24 October 2026 via checked.be.