Médinath: 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.
Médinath
Largest movements
- Cash +€106,209
up €106,209 (+42.3%), from €250,907 to €357,116
mainly Net result for the year (+€120,937) and Other debts (+€47,038)
- Tangible fixed assets -€26,713
down €26,713 (-60.1%), from €44,423 to €17,710
of which Furniture and vehicles: -€24,489
- Other debts +€47,038
up €47,038 (+65.1%), from €72,279 to €119,317
- Profit (loss) carried forward +€35,571
up €35,571 (+5.8%), from €608,677 to €644,248
- Taxes +€11,911
up €11,911 (+65.8%), from €18,089 to €30,000
- Gross operating margin +€6,771
up €6,771 (+4.8%), from €141,839 to €148,610
- Financial income -€2,182
down €2,182 (-31.7%), from €6,886 to €4,704
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 | €722,932 | €809,156 | +€86,224 | +11.9% |
| Fixed assets | 21/28 | €45,423 | €18,710 | -€26,713 | -58.8% |
| Tangible fixed assets | 22/27 | €44,423 | €17,710 | -€26,713 | -60.1% |
| Plant, machinery and equipment | 23 | €19,934 | €17,710 | -€2,224 | -11.2% |
| Furniture and vehicles | 24 | €24,489 | - | -€24,489 | |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €677,509 | €790,446 | +€112,937 | +16.7% |
| Amounts receivable within one year | 40/41 | €425,913 | €433,317 | +€7,404 | +1.7% |
| Trade receivables | 40 | €12,140 | - | -€12,140 | |
| Other amounts receivable | 41 | €413,773 | €433,317 | +€19,544 | +4.7% |
| Cash at bank and in hand | 54/58 | €250,907 | €357,116 | +€106,209 | +42.3% |
| Deferred charges and accrued income | 490/1 | €689 | €13 | -€676 | -98.1% |
| Total equity and liabilities | 10/49 | €722,932 | €809,156 | +€86,224 | +11.9% |
| Equity | 10/15 | €629,137 | €664,708 | +€35,571 | +5.7% |
| 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 | €608,677 | €644,248 | +€35,571 | +5.8% |
| Amounts payable | 17/49 | €93,795 | €144,448 | +€50,653 | +54.0% |
| Amounts payable within one year | 42/48 | €93,795 | €144,448 | +€50,653 | +54.0% |
| Trade debts | 44 | €16 | €32 | +€16 | +100% |
| Suppliers | 440/4 | €16 | €32 | +€16 | +100% |
| Advances received on contracts in progress | 46 | - | €3,233 | +€3,233 | |
| Taxes, remuneration and social security | 45 | €21,500 | €21,866 | +€366 | +1.7% |
| Taxes | 450/3 | €21,500 | €21,866 | +€366 | +1.7% |
| Other amounts payable | 47/48 | €72,279 | €119,317 | +€47,038 | +65.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,325 | €2,224 | -€101 | -4.3% |
| Gross operating margin | 9900 | €141,839 | €148,610 | +€6,771 | +4.8% |
| Operating profit (loss) | 9901 | €139,514 | €146,386 | +€6,872 | +4.9% |
| Financial income | 75/76B | €6,886 | €4,704 | -€2,182 | -31.7% |
| Recurring financial income | 75 | €6,886 | €4,704 | -€2,182 | -31.7% |
| Financial charges | 65/66B | €122 | €153 | +€31 | +25.4% |
| Recurring financial charges | 65 | €122 | €153 | +€31 | +25.4% |
| Profit (loss) for the period before taxes | 9903 | €146,278 | €150,937 | +€4,659 | +3.2% |
| Income taxes | 67/77 | €18,089 | €30,000 | +€11,911 | +65.8% |
| Profit (loss) for the period | 9904 | €128,189 | €120,937 | -€7,252 | -5.7% |
| Profit (loss) for the period to be appropriated | 9905 | €128,189 | €120,937 | -€7,252 | -5.7% |
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.