MEDINOH: 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.
MEDINOH
Largest movements
- Cash -€58,434
down €58,434 (-25.8%), from €226,854 to €168,420
mainly Contributions, distributions and other (-€200,000) and Tax, wage and social debts (-€20,356)
- Tangible fixed assets -€19,650
down €19,650 (-6.3%), from €309,742 to €290,092
of which Furniture and vehicles: -€11,882
- Profit (loss) carried forward -€91,554
down €91,554 (-41.0%), from €223,529 to €131,975
- Other debts +€45,663
up €45,663 (+28.4%), from €160,985 to €206,648
- Tax, wage and social debts -€20,356
down €20,356 (-70.4%), from €28,926 to €8,570
- Debts after one year -€14,381
down €14,381 (-13.7%), from €105,293 to €90,912
- Trade debts +€6,579
up €6,579 (+175.9%), from €3,741 to €10,321
- Gross operating margin +€18,117
up €18,117 (+12.0%), from €151,581 to €169,697
- Taxes +€4,644
up €4,644 (+16.1%), from €28,926 to €33,570
- Depreciation +€3,445
up €3,445 (+18.1%), from €19,078 to €22,523
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 | €539,397 | €465,807 | -€73,591 | -13.6% |
| Fixed assets | 21/28 | €309,742 | €290,092 | -€19,650 | -6.3% |
| Tangible fixed assets | 22/27 | €309,742 | €290,092 | -€19,650 | -6.3% |
| Land and buildings | 22 | €244,826 | €237,742 | -€7,083 | -2.9% |
| Plant, machinery and equipment | 23 | €5,762 | €0 | -€5,762 | -100.0% |
| Furniture and vehicles | 24 | €59,155 | €47,273 | -€11,882 | -20.1% |
| Other tangible fixed assets | 26 | - | €5,077 | +€5,077 | |
| Current assets | 29/58 | €229,655 | €175,714 | -€53,941 | -23.5% |
| Amounts receivable within one year | 40/41 | €1,016 | €4,145 | +€3,129 | +307.9% |
| Trade receivables | 40 | €1,016 | €4,145 | +€3,129 | +307.9% |
| Cash at bank and in hand | 54/58 | €226,854 | €168,420 | -€58,434 | -25.8% |
| Deferred charges and accrued income | 490/1 | €1,785 | €3,149 | +€1,364 | +76.4% |
| Total equity and liabilities | 10/49 | €539,397 | €465,807 | -€73,591 | -13.6% |
| Equity | 10/15 | €226,529 | €134,975 | -€91,554 | -40.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Contributions outside capital | 11 | €3,000 | - | -€3,000 | |
| Share premium | 1100/10 | €2,000 | - | -€2,000 | |
| Other | 1109/19 | €1,000 | - | -€1,000 | |
| Profit (loss) carried forward | 14 | €223,529 | €131,975 | -€91,554 | -41.0% |
| Amounts payable | 17/49 | €312,868 | €330,831 | +€17,963 | +5.7% |
| Amounts payable after more than one year | 17 | €105,293 | €90,912 | -€14,381 | -13.7% |
| Financial debts | 170/4 | €105,293 | €90,912 | -€14,381 | -13.7% |
| Amounts payable within one year | 42/48 | €207,576 | €239,920 | +€32,344 | +15.6% |
| Current portion of amounts payable after more than one year | 42 | €13,923 | €14,381 | +€459 | +3.3% |
| Trade debts | 44 | €3,741 | €10,321 | +€6,579 | +175.9% |
| Suppliers | 440/4 | €3,741 | €10,321 | +€6,579 | +175.9% |
| Taxes, remuneration and social security | 45 | €28,926 | €8,570 | -€20,356 | -70.4% |
| Taxes | 450/3 | €28,926 | €8,570 | -€20,356 | -70.4% |
| Other amounts payable | 47/48 | €160,985 | €206,648 | +€45,663 | +28.4% |
| Remuneration, social security and pensions | 62 | - | €218 | +€218 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,078 | €22,523 | +€3,445 | +18.1% |
| Other operating charges | 640/8 | €2,427 | €1,169 | -€1,258 | -51.8% |
| Gross operating margin | 9900 | €151,581 | €169,697 | +€18,117 | +12.0% |
| Operating profit (loss) | 9901 | €130,075 | €145,786 | +€15,711 | +12.1% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €4,291 | €3,770 | -€521 | -12.1% |
| Recurring financial charges | 65 | €4,291 | €3,770 | -€521 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | €125,784 | €142,016 | +€16,232 | +12.9% |
| Income taxes | 67/77 | €28,926 | €33,570 | +€4,644 | +16.1% |
| Profit (loss) for the period | 9904 | €96,858 | €108,446 | +€11,588 | +12.0% |
| Profit (loss) for the period to be appropriated | 9905 | €96,858 | €108,446 | +€11,588 | +12.0% |
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 12 October 2026 via checked.be.