MEDINILLA: 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.
MEDINILLA
Largest movements
- Current investments +€116,000
up €116,000 (+84.2%), from €137,769 to €253,769
- Cash -€80,132
down €80,132 (-45.7%), from €175,208 to €95,076
mainly Current investments (-€116,000) and Contributions, distributions and other (-€54,000)
- Reserves +€45,308
up €45,308 (+9.7%), from €465,635 to €510,943
of which Distributable reserves: +€45,308
- Debts after one year -€21,549
down €21,549 (-6.3%), from €342,749 to €321,200
- Other debts +€14,064
up €14,064 (+340%), from €4,141 to €18,205
- Tax, wage and social debts -€12,850
down €12,850 (-31.6%), from €40,714 to €27,864
of which Taxes: -€12,444
- Gross operating margin +€7,511
up €7,511 (+3.8%), from €197,913 to €205,424
- Financial income +€5,179
up €5,179 (+310%), from €1,670 to €6,849
- Taxes +€3,168
up €3,168 (+8.3%), from €38,386 to €41,554
- Depreciation +€2,946
up €2,946 (+7.9%), from €37,409 to €40,355
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 | €890,977 | €919,509 | +€28,532 | +3.2% |
| Fixed assets | 21/28 | €521,492 | €521,199 | -€293 | -0.1% |
| Tangible fixed assets | 22/27 | €521,492 | €521,199 | -€293 | -0.1% |
| Land and buildings | 22 | €498,749 | €504,104 | +€5,355 | +1.1% |
| Plant, machinery and equipment | 23 | €6,560 | €4,720 | -€1,839 | -28.0% |
| Furniture and vehicles | 24 | €16,183 | €12,375 | -€3,808 | -23.5% |
| Current assets | 29/58 | €369,485 | €398,310 | +€28,825 | +7.8% |
| Amounts receivable after more than one year | 29 | €21,394 | €15,412 | -€5,982 | -28.0% |
| Other amounts receivable | 291 | €21,394 | €15,412 | -€5,982 | -28.0% |
| Amounts receivable within one year | 40/41 | €407 | €4,938 | +€4,531 | +1,114% |
| Trade receivables | 40 | €142 | €4,673 | +€4,531 | +3,199% |
| Other amounts receivable | 41 | €265 | €265 | = | 0.0% |
| Current investments | 50/53 | €137,769 | €253,769 | +€116,000 | +84.2% |
| Cash at bank and in hand | 54/58 | €175,208 | €95,076 | -€80,132 | -45.7% |
| Deferred charges and accrued income | 490/1 | €34,708 | €29,116 | -€5,592 | -16.1% |
| Total equity and liabilities | 10/49 | €890,977 | €919,509 | +€28,532 | +3.2% |
| Equity | 10/15 | €478,035 | €523,343 | +€45,308 | +9.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €465,635 | €510,943 | +€45,308 | +9.7% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €446,885 | €492,193 | +€45,308 | +10.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €412,942 | €396,166 | -€16,776 | -4.1% |
| Amounts payable after more than one year | 17 | €342,749 | €321,200 | -€21,549 | -6.3% |
| Financial debts | 170/4 | €342,749 | €321,200 | -€21,549 | -6.3% |
| Amounts payable within one year | 42/48 | €69,806 | €74,897 | +€5,091 | +7.3% |
| Current portion of amounts payable after more than one year | 42 | €20,757 | €21,549 | +€792 | +3.8% |
| Trade debts | 44 | €4,194 | €7,279 | +€3,085 | +73.6% |
| Suppliers | 440/4 | €4,194 | €7,279 | +€3,085 | +73.6% |
| Taxes, remuneration and social security | 45 | €40,714 | €27,864 | -€12,850 | -31.6% |
| Taxes | 450/3 | €38,364 | €25,920 | -€12,444 | -32.4% |
| Remuneration and social security | 454/9 | €2,350 | €1,945 | -€405 | -17.2% |
| Other amounts payable | 47/48 | €4,141 | €18,205 | +€14,064 | +340% |
| Accrued charges and deferred income | 492/3 | €387 | €69 | -€318 | -82.2% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €15,683 | €14,414 | -€1,269 | -8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,409 | €40,355 | +€2,946 | +7.9% |
| Other operating charges | 640/8 | €2,829 | €2,515 | -€314 | -11.1% |
| Gross operating margin | 9900 | €197,913 | €205,424 | +€7,511 | +3.8% |
| Operating profit (loss) | 9901 | €141,992 | €148,140 | +€6,148 | +4.3% |
| Financial income | 75/76B | €1,670 | €6,849 | +€5,179 | +310% |
| Recurring financial income | 75 | €1,670 | €6,849 | +€5,179 | +310% |
| Financial charges | 65/66B | €14,965 | €14,127 | -€838 | -5.6% |
| Recurring financial charges | 65 | €14,965 | €14,127 | -€838 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | €128,697 | €140,862 | +€12,165 | +9.5% |
| Income taxes | 67/77 | €38,386 | €41,554 | +€3,168 | +8.3% |
| Profit (loss) for the period | 9904 | €90,311 | €99,308 | +€8,998 | +10.0% |
| Profit (loss) for the period to be appropriated | 9905 | €90,311 | €99,308 | +€8,998 | +10.0% |
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 20 October 2026 via checked.be.