MEDINIS: 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.
MEDINIS
Largest movements
- Cash +€40,363
up €40,363 (+48.7%), from €82,952 to €123,314
mainly Net result for the year (+€66,654) and Depreciation (+€26,861)
- Current investments +€40,000
new in 2025: €40,000
- Tangible fixed assets -€24,353
down €24,353 (-5.0%), from €490,215 to €465,862
of which Land and buildings: -€17,011
- Deferred charges and accrued income +€11,225
up €11,225 (+315.8%), from €3,555 to €14,780
- Receivables within one year -€9,811
no longer reported in 2025 (was €9,811)
- Reserves +€66,654
up €66,654 (+59.4%), from €112,129 to €178,783
- Debts after one year -€21,405
down €21,405 (-5.0%), from €425,212 to €403,807
- Tax, wage and social debts +€9,699
up €9,699 (+101.9%), from €9,521 to €19,220
of which Taxes: +€6,295
- Short-term financial debts +€6,744
new in 2025: €6,744
- Provisions +€29,453
no longer reported in 2025 (was -€29,453)
- Gross operating margin +€28,886
up €28,886 (+21.9%), from €131,731 to €160,616
- Taxes +€6,873
up €6,873 (+35.4%), from €19,422 to €26,295
- Staff costs -€1,844
down €1,844 (-9.0%), from €20,425 to €18,581
- Depreciation +€1,653
up €1,653 (+6.6%), from €25,208 to €26,861
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 | €586,583 | €644,007 | +€57,424 | +9.8% |
| Fixed assets | 21/28 | €490,265 | €465,912 | -€24,353 | -5.0% |
| Tangible fixed assets | 22/27 | €490,215 | €465,862 | -€24,353 | -5.0% |
| Land and buildings | 22 | €450,857 | €433,845 | -€17,011 | -3.8% |
| Plant, machinery and equipment | 23 | €458 | €224 | -€233 | -51.0% |
| Furniture and vehicles | 24 | €38,901 | €31,792 | -€7,108 | -18.3% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €96,318 | €178,094 | +€81,777 | +84.9% |
| Amounts receivable within one year | 40/41 | €9,811 | - | -€9,811 | |
| Other amounts receivable | 41 | €9,811 | - | -€9,811 | |
| Current investments | 50/53 | - | €40,000 | +€40,000 | |
| Cash at bank and in hand | 54/58 | €82,952 | €123,314 | +€40,363 | +48.7% |
| Deferred charges and accrued income | 490/1 | €3,555 | €14,780 | +€11,225 | +315.8% |
| Total equity and liabilities | 10/49 | €586,583 | €644,007 | +€57,424 | +9.8% |
| Equity | 10/15 | €115,129 | €181,783 | +€66,654 | +57.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €112,129 | €178,783 | +€66,654 | +59.4% |
| Distributable reserves | 133 | €112,129 | €178,783 | +€66,654 | +59.4% |
| Amounts payable | 17/49 | €471,454 | €462,224 | -€9,230 | -2.0% |
| Amounts payable after more than one year | 17 | €425,212 | €403,807 | -€21,405 | -5.0% |
| Financial debts | 170/4 | €425,212 | €403,807 | -€21,405 | -5.0% |
| Amounts payable within one year | 42/48 | €43,474 | €54,441 | +€10,966 | +25.2% |
| Current portion of amounts payable after more than one year | 42 | €24,824 | €21,445 | -€3,379 | -13.6% |
| Financial debts | 43 | - | €6,744 | +€6,744 | |
| Credit institutions | 430/8 | - | €6,744 | +€6,744 | |
| Trade debts | 44 | €4,005 | €1,472 | -€2,534 | -63.3% |
| Suppliers | 440/4 | €4,005 | €1,472 | -€2,534 | -63.3% |
| Taxes, remuneration and social security | 45 | €9,521 | €19,220 | +€9,699 | +101.9% |
| Taxes | 450/3 | €6,922 | €13,217 | +€6,295 | +90.9% |
| Remuneration and social security | 454/9 | €2,599 | €6,003 | +€3,404 | +131.0% |
| Other amounts payable | 47/48 | €5,124 | €5,560 | +€436 | +8.5% |
| Accrued charges and deferred income | 492/3 | €2,768 | €3,976 | +€1,208 | +43.7% |
| Non-recurring operating income | 76A | €11,214 | - | -€11,214 | |
| Remuneration, social security and pensions | 62 | €20,425 | €18,581 | -€1,844 | -9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,208 | €26,861 | +€1,653 | +6.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€29,453 | - | +€29,453 | |
| Other operating charges | 640/8 | €3,032 | €1,810 | -€1,222 | -40.3% |
| Gross operating margin | 9900 | €131,731 | €160,616 | +€28,886 | +21.9% |
| Operating profit (loss) | 9901 | €112,517 | €113,364 | +€847 | +0.8% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €21,281 | €20,415 | -€866 | -4.1% |
| Recurring financial charges | 65 | €21,281 | €20,016 | -€1,265 | -5.9% |
| Non-recurring financial charges | 66B | - | €399 | +€399 | |
| Profit (loss) for the period before taxes | 9903 | €91,238 | €92,949 | +€1,711 | +1.9% |
| Income taxes | 67/77 | €19,422 | €26,295 | +€6,873 | +35.4% |
| Profit (loss) for the period | 9904 | €71,816 | €66,654 | -€5,162 | -7.2% |
| Profit (loss) for the period to be appropriated | 9905 | €71,816 | €66,654 | -€5,162 | -7.2% |
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 11 October 2026 via checked.be.