MEDINET: 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.
MEDINET
Largest movements
- Tangible fixed assets +€12,944
up €12,944 (+12.2%), from €106,164 to €119,108
of which Furniture and vehicles: +€13,486
- Short-term financial debts -€580,036
down €580,036 (-94.5%), from €614,056 to €34,020
- Debts after one year +€521,348
up €521,348 (+1066.6%), from €48,878 to €570,226
- Reserves +€58,943
up €58,943 (+46.5%), from €126,744 to €185,687
- Current portion of long-term debt +€38,636
up €38,636 (+136.3%), from €28,353 to €66,989
- Other debts -€34,292
down €34,292 (-59.0%), from €58,147 to €23,854
- Gross operating margin +€45,410
up €45,410 (+89.5%), from €50,741 to €96,150
- Financial charges +€7,752
up €7,752 (+83.4%), from €9,295 to €17,047
- Taxes +€5,432
up €5,432 (+42.7%), from €12,728 to €18,160
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.
Cash bridge derived
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 | €995,727 | €997,141 | +€1,414 | +0.1% |
| Fixed assets | 21/28 | €106,164 | €119,108 | +€12,944 | +12.2% |
| Tangible fixed assets | 22/27 | €106,164 | €119,108 | +€12,944 | +12.2% |
| Plant, machinery and equipment | 23 | €314 | €100 | -€213 | -68.0% |
| Furniture and vehicles | 24 | €721 | €14,207 | +€13,486 | +1869.5% |
| Other tangible fixed assets | 26 | €105,129 | €104,800 | -€329 | -0.3% |
| Current assets | 29/58 | €889,563 | €878,034 | -€11,529 | -1.3% |
| Stocks and contracts in progress | 3 | €854,615 | €846,720 | -€7,895 | -0.9% |
| Stocks | 30/36 | €854,615 | €846,720 | -€7,895 | -0.9% |
| Amounts receivable within one year | 40/41 | €21,925 | €20,053 | -€1,872 | -8.5% |
| Trade receivables | 40 | €20,151 | €20,053 | -€98 | -0.5% |
| Other amounts receivable | 41 | €1,774 | €0 | -€1,774 | -100.0% |
| Cash at bank and in hand | 54/58 | €3,153 | €1,106 | -€2,048 | -64.9% |
| Deferred charges and accrued income | 490/1 | €9,870 | €10,155 | +€285 | +2.9% |
| Total equity and liabilities | 10/49 | €995,727 | €997,141 | +€1,414 | +0.1% |
| Equity | 10/15 | €189,987 | €247,187 | +€57,201 | +30.1% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Contributions outside capital | 11 | €61,500 | €61,500 | = | 0.0% |
| Other | 1109/19 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €126,744 | €185,687 | +€58,943 | +46.5% |
| Distributable reserves | 133 | €126,744 | €185,687 | +€58,943 | +46.5% |
| Profit (loss) carried forward | 14 | €1,743 | €0 | -€1,743 | -100.0% |
| Amounts payable | 17/49 | €805,740 | €749,954 | -€55,786 | -6.9% |
| Amounts payable after more than one year | 17 | €48,878 | €570,226 | +€521,348 | +1066.6% |
| Financial debts | 170/4 | €48,878 | €570,226 | +€521,348 | +1066.6% |
| Amounts payable within one year | 42/48 | €741,762 | €161,083 | -€580,678 | -78.3% |
| Current portion of amounts payable after more than one year | 42 | €28,353 | €66,989 | +€38,636 | +136.3% |
| Financial debts | 43 | €614,056 | €34,020 | -€580,036 | -94.5% |
| Credit institutions | 430/8 | €614,056 | €34,020 | -€580,036 | -94.5% |
| Trade debts | 44 | €27,171 | €16,289 | -€10,883 | -40.1% |
| Suppliers | 440/4 | €27,171 | €16,289 | -€10,883 | -40.1% |
| Taxes, remuneration and social security | 45 | €14,034 | €19,931 | +€5,897 | +42.0% |
| Taxes | 450/3 | €14,034 | €19,931 | +€5,897 | +42.0% |
| Other amounts payable | 47/48 | €58,147 | €23,854 | -€34,292 | -59.0% |
| Accrued charges and deferred income | 492/3 | €15,100 | €18,645 | +€3,544 | +23.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,751 | €1,831 | +€80 | +4.6% |
| Other operating charges | 640/8 | €1,176 | €1,921 | +€745 | +63.3% |
| Gross operating margin | 9900 | €50,741 | €96,150 | +€45,410 | +89.5% |
| Operating profit (loss) | 9901 | €47,814 | €92,399 | +€44,585 | +93.2% |
| Financial income | 75/76B | €25 | €8 | -€16 | -66.9% |
| Recurring financial income | 75 | €25 | €8 | -€16 | -66.9% |
| Financial charges | 65/66B | €9,295 | €17,047 | +€7,752 | +83.4% |
| Recurring financial charges | 65 | €9,295 | €17,047 | +€7,752 | +83.4% |
| Profit (loss) for the period before taxes | 9903 | €38,543 | €75,361 | +€36,817 | +95.5% |
| Income taxes | 67/77 | €12,728 | €18,160 | +€5,432 | +42.7% |
| Profit (loss) for the period | 9904 | €25,816 | €57,201 | +€31,385 | +121.6% |
| Profit (loss) for the period to be appropriated | 9905 | €25,816 | €57,201 | +€31,385 | +121.6% |
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 10 October 2026 via checked.be.