MEDIO: 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.
MEDIO
Largest movements
- Receivables within one year +€317,423
up €317,423 (+74.8%), from €424,258 to €741,681
of which Trade receivables: +€310,497
- Cash -€160,209
down €160,209 (-67.7%), from €236,673 to €76,464
mainly Net result for the year (-€647,108) and Receivables within one year (-€317,423)
- Intangible fixed assets +€45,652
new in 2025: €45,652
- Stocks and contracts +€43,384
up €43,384 (+77.1%), from €56,286 to €99,670
- Profit (loss) carried forward -€647,108
down €647,108, from €323,630 to -€323,478
- Trade debts +€470,828
up €470,828 (+117%), from €401,358 to €872,186
- Debts after one year +€400,000
new in 2025: €400,000
- Tax, wage and social debts +€22,651
up €22,651 (+114%), from €19,815 to €42,466
of which Remuneration and social security: +€21,299
- Gross operating margin -€519,818
down €519,818, from €231,920 to -€287,897
- Staff costs +€79,759
up €79,759 (+36.5%), from €218,347 to €298,107
- Depreciation -€11,571
down €11,571 (-22.4%), from €51,627 to €40,056
- Financial income -€9,101
down €9,101 (-84.4%), from €10,779 to €1,677
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 | €842,623 | €1,092,240 | +€249,617 | +29.6% |
| Fixed assets | 21/28 | €113,959 | €162,424 | +€48,465 | +42.5% |
| Intangible fixed assets | 21 | - | €45,652 | +€45,652 | |
| Tangible fixed assets | 22/27 | €88,979 | €88,042 | -€937 | -1.1% |
| Plant, machinery and equipment | 23 | - | €4,698 | +€4,698 | |
| Furniture and vehicles | 24 | €84,822 | €64,223 | -€20,599 | -24.3% |
| Other tangible fixed assets | 26 | €4,157 | €2,749 | -€1,408 | -33.9% |
| Assets under construction and advance payments | 27 | - | €16,372 | +€16,372 | |
| Financial fixed assets | 28 | €24,980 | €28,730 | +€3,750 | +15.0% |
| Current assets | 29/58 | €728,665 | €929,817 | +€201,152 | +27.6% |
| Stocks and contracts in progress | 3 | €56,286 | €99,670 | +€43,384 | +77.1% |
| Stocks | 30/36 | €56,286 | €99,670 | +€43,384 | +77.1% |
| Amounts receivable within one year | 40/41 | €424,258 | €741,681 | +€317,423 | +74.8% |
| Trade receivables | 40 | €406,959 | €717,456 | +€310,497 | +76.3% |
| Other amounts receivable | 41 | €17,299 | €24,225 | +€6,926 | +40.0% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €236,673 | €76,464 | -€160,209 | -67.7% |
| Deferred charges and accrued income | 490/1 | €11,448 | €12,002 | +€555 | +4.8% |
| Total equity and liabilities | 10/49 | €842,623 | €1,092,240 | +€249,617 | +29.6% |
| Equity | 10/15 | €421,450 | -€225,658 | -€647,108 | |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €79,228 | €79,228 | = | 0.0% |
| Distributable reserves | 133 | €79,228 | €79,228 | = | 0.0% |
| Profit (loss) carried forward | 14 | €323,630 | -€323,478 | -€647,108 | |
| Amounts payable | 17/49 | €421,173 | €1,317,898 | +€896,725 | +213% |
| Amounts payable after more than one year | 17 | - | €400,000 | +€400,000 | |
| Financial debts | 170/4 | - | €400,000 | +€400,000 | |
| Amounts payable within one year | 42/48 | €421,173 | €917,403 | +€496,230 | +118% |
| Trade debts | 44 | €401,358 | €872,186 | +€470,828 | +117% |
| Suppliers | 440/4 | €401,358 | €872,186 | +€470,828 | +117% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €19,815 | €42,466 | +€22,651 | +114% |
| Taxes | 450/3 | €2,326 | €3,677 | +€1,352 | +58.1% |
| Remuneration and social security | 454/9 | €17,490 | €38,789 | +€21,299 | +122% |
| Other amounts payable | 47/48 | €0 | €2,751 | +€2,751 | |
| Accrued charges and deferred income | 492/3 | - | €495 | +€495 | |
| Non-recurring operating income | 76A | - | €444 | +€444 | |
| Remuneration, social security and pensions | 62 | €218,347 | €298,107 | +€79,759 | +36.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,627 | €40,056 | -€11,571 | -22.4% |
| Other operating charges | 640/8 | €3,281 | €4,334 | +€1,053 | +32.1% |
| Gross operating margin | 9900 | €231,920 | -€287,897 | -€519,818 | |
| Operating profit (loss) | 9901 | -€41,335 | -€630,394 | -€589,059 | -1,425% |
| Financial income | 75/76B | €10,779 | €1,677 | -€9,101 | -84.4% |
| Recurring financial income | 75 | €10,779 | €1,677 | -€9,101 | -84.4% |
| Financial charges | 65/66B | €15,707 | €18,105 | +€2,398 | +15.3% |
| Recurring financial charges | 65 | €15,707 | €18,105 | +€2,398 | +15.3% |
| Profit (loss) for the period before taxes | 9903 | -€46,263 | -€646,821 | -€600,559 | -1,298% |
| Income taxes | 67/77 | €157 | €287 | +€129 | +82.2% |
| Profit (loss) for the period | 9904 | -€46,420 | -€647,108 | -€600,688 | -1,294% |
| Profit (loss) for the period to be appropriated | 9905 | -€46,420 | -€647,108 | -€600,688 | -1,294% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.