MEDIOR: what changed
Two fiscal 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.
MEDIOR
Largest movements
- Tangible fixed assets -€70,870
down €70,870 (-5.2%), from €1.4m to €1.3m
of which Land and buildings: -€64,502
- Receivables within one year +€35,727
up €35,727 (+145.2%), from €24,610 to €60,337
of which Other amounts receivable: +€32,996
- Current investments -€25,103
down €25,103 (-50.1%), from €50,136 to €25,033
- Other debts -€145,676
down €145,676 (-79.0%), from €184,286 to €38,610
- Reserves +€61,778
up €61,778 (+13.9%), from €443,652 to €505,430
- Tax, wage and social debts +€41,726
up €41,726 (+431.3%), from €9,674 to €51,400
- Gross operating margin +€65,183
up €65,183 (+51.4%), from €126,820 to €192,003
- Provisions +€32,560
no longer reported in 2025 (was -€32,560)
- Taxes +€8,236
up €8,236 (+32.4%), from €25,425 to €33,661
- Financial charges +€5,271
up €5,271 (+60.8%), from €8,663 to €13,934
- Other operating charges +€3,123
up €3,123 (+56.7%), from €5,504 to €8,627
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 | €1,479,370 | €1,422,736 | -€56,634 | -3.8% |
| Fixed assets | 21/28 | €1,366,687 | €1,295,816 | -€70,870 | -5.2% |
| Tangible fixed assets | 22/27 | €1,366,687 | €1,295,816 | -€70,870 | -5.2% |
| Land and buildings | 22 | €1,260,004 | €1,195,503 | -€64,502 | -5.1% |
| Plant, machinery and equipment | 23 | €28,990 | €24,287 | -€4,703 | -16.2% |
| Furniture and vehicles | 24 | €77,692 | €76,027 | -€1,666 | -2.1% |
| Current assets | 29/58 | €112,683 | €126,920 | +€14,237 | +12.6% |
| Stocks and contracts in progress | 3 | €18,349 | €18,349 | = | 0.0% |
| Stocks | 30/36 | €18,349 | €18,349 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €24,610 | €60,337 | +€35,727 | +145.2% |
| Trade receivables | 40 | €20,822 | €23,554 | +€2,731 | +13.1% |
| Other amounts receivable | 41 | €3,787 | €36,783 | +€32,996 | +871.2% |
| Current investments | 50/53 | €50,136 | €25,033 | -€25,103 | -50.1% |
| Cash at bank and in hand | 54/58 | €19,589 | €23,201 | +€3,612 | +18.4% |
| Total equity and liabilities | 10/49 | €1,479,370 | €1,422,736 | -€56,634 | -3.8% |
| Equity | 10/15 | €1,259,492 | €1,321,270 | +€61,778 | +4.9% |
| Contributions | 10/11 | €815,840 | €815,840 | = | 0.0% |
| Reserves | 13 | €443,652 | €505,430 | +€61,778 | +13.9% |
| Distributable reserves | 133 | €443,652 | €505,430 | +€61,778 | +13.9% |
| Amounts payable | 17/49 | €219,878 | €101,466 | -€118,412 | -53.9% |
| Amounts payable within one year | 42/48 | €211,801 | €101,466 | -€110,335 | -52.1% |
| Trade debts | 44 | €17,841 | €11,456 | -€6,385 | -35.8% |
| Suppliers | 440/4 | €9,293 | €11,456 | +€2,163 | +23.3% |
| Bills of exchange payable | 441 | €8,548 | - | -€8,548 | |
| Taxes, remuneration and social security | 45 | €9,674 | €51,400 | +€41,726 | +431.3% |
| Taxes | 450/3 | €9,674 | €51,400 | +€41,726 | +431.3% |
| Other amounts payable | 47/48 | €184,286 | €38,610 | -€145,676 | -79.0% |
| Accrued charges and deferred income | 492/3 | €8,076 | - | -€8,076 | |
| Non-recurring operating income | 76A | - | €115,000 | +€115,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,796 | €75,032 | -€2,764 | -3.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€32,560 | - | +€32,560 | |
| Other operating charges | 640/8 | €5,504 | €8,627 | +€3,123 | +56.7% |
| Gross operating margin | 9900 | €126,820 | €192,003 | +€65,183 | +51.4% |
| Operating profit (loss) | 9901 | €76,080 | €108,343 | +€32,263 | +42.4% |
| Financial income | 75/76B | €100 | €1,030 | +€930 | +930.8% |
| Recurring financial income | 75 | €100 | €1,030 | +€930 | +930.8% |
| Financial charges | 65/66B | €8,663 | €13,934 | +€5,271 | +60.8% |
| Recurring financial charges | 65 | €8,663 | €13,934 | +€5,271 | +60.8% |
| Profit (loss) for the period before taxes | 9903 | €67,517 | €95,439 | +€27,922 | +41.4% |
| Income taxes | 67/77 | €25,425 | €33,661 | +€8,236 | +32.4% |
| Profit (loss) for the period | 9904 | €42,092 | €61,778 | +€19,686 | +46.8% |
| Profit (loss) for the period to be appropriated | 9905 | €42,092 | €61,778 | +€19,686 | +46.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.