MEDINIV: 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.
MEDINIV
Largest movements
- Cash +€80,368
up €80,368 (+82.8%), from €97,117 to €177,485
mainly Net result for the year (+€111,440) and Receivables after one year (+€26,011)
- Receivables within one year +€62,144
new in 2025: €62,144
- Receivables after one year -€26,011
no longer reported in 2025 (was €26,011)
- Tangible fixed assets +€9,094
up €9,094 (+136%), from €6,683 to €15,778
of which Furniture and vehicles: +€9,880
- Reserves +€111,440
new in 2025: €111,440
- Tax, wage and social debts +€15,144
up €15,144 (+45.9%), from €33,000 to €48,144
- Gross operating margin +€23,916
up €23,916 (+18.3%), from €130,620 to €154,536
- Taxes +€10,082
up €10,082 (+30.6%), from €33,000 to €43,082
- Financial income +€1,600
up €1,600 (+203%), from €788 to €2,389
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 | €132,430 | €260,117 | +€127,686 | +96.4% |
| Fixed assets | 21/28 | €6,683 | €15,778 | +€9,094 | +136% |
| Tangible fixed assets | 22/27 | €6,683 | €15,778 | +€9,094 | +136% |
| Furniture and vehicles | 24 | €1,305 | €11,185 | +€9,880 | +757% |
| Other tangible fixed assets | 26 | €5,378 | €4,593 | -€786 | -14.6% |
| Current assets | 29/58 | €125,747 | €244,339 | +€118,592 | +94.3% |
| Amounts receivable after more than one year | 29 | €26,011 | - | -€26,011 | |
| Other amounts receivable | 291 | €26,011 | - | -€26,011 | |
| Amounts receivable within one year | 40/41 | - | €62,144 | +€62,144 | |
| Other amounts receivable | 41 | - | €62,144 | +€62,144 | |
| Cash at bank and in hand | 54/58 | €97,117 | €177,485 | +€80,368 | +82.8% |
| Deferred charges and accrued income | 490/1 | €2,619 | €4,710 | +€2,091 | +79.8% |
| Total equity and liabilities | 10/49 | €132,430 | €260,117 | +€127,686 | +96.4% |
| Equity | 10/15 | €99,129 | €210,569 | +€111,440 | +112% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | - | €111,440 | +€111,440 | |
| Distributable reserves | 133 | - | €111,440 | +€111,440 | |
| Profit (loss) carried forward | 14 | €97,129 | €97,129 | = | 0.0% |
| Amounts payable | 17/49 | €33,302 | €49,548 | +€16,247 | +48.8% |
| Amounts payable within one year | 42/48 | €33,302 | €49,548 | +€16,247 | +48.8% |
| Trade debts | 44 | - | €1,016 | +€1,016 | |
| Suppliers | 440/4 | - | €1,016 | +€1,016 | |
| Taxes, remuneration and social security | 45 | €33,000 | €48,144 | +€15,144 | +45.9% |
| Taxes | 450/3 | €33,000 | €48,144 | +€15,144 | +45.9% |
| Other amounts payable | 47/48 | €302 | €388 | +€87 | +28.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €754 | €1,666 | +€913 | +121% |
| Other operating charges | 640/8 | €450 | €664 | +€214 | +47.5% |
| Gross operating margin | 9900 | €130,620 | €154,536 | +€23,916 | +18.3% |
| Operating profit (loss) | 9901 | €129,416 | €152,205 | +€22,789 | +17.6% |
| Financial income | 75/76B | €788 | €2,389 | +€1,600 | +203% |
| Recurring financial income | 75 | €788 | €2,389 | +€1,600 | +203% |
| Financial charges | 65/66B | €76 | €72 | -€4 | -5.3% |
| Recurring financial charges | 65 | €76 | €72 | -€4 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | €130,129 | €154,522 | +€24,393 | +18.7% |
| Income taxes | 67/77 | €33,000 | €43,082 | +€10,082 | +30.6% |
| Profit (loss) for the period | 9904 | €97,129 | €111,440 | +€14,311 | +14.7% |
| Profit (loss) for the period to be appropriated | 9905 | €97,129 | €111,440 | +€14,311 | +14.7% |
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 14 October 2026 via checked.be.