MEDIORTHO: 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.
MEDIORTHO
Largest movements
- Cash +€194,843
up €194,843 (+153.9%), from €126,590 to €321,433
mainly Net result for the year (+€119,539) and Tax, wage and social debts (+€31,374)
- Receivables within one year -€14,648
down €14,648 (-84.5%), from €17,328 to €2,680
of which Trade receivables: -€12,107
- Tangible fixed assets -€6,926
down €6,926 (-4.5%), from €155,435 to €148,509
of which Land and buildings: -€8,141
- Reserves +€119,539
up €119,539 (+42.4%), from €282,172 to €401,711
- Tax, wage and social debts +€31,374
up €31,374 (+128.3%), from €24,460 to €55,835
of which Taxes: +€42,518
- Accrued charges and deferred income +€31,205
new in 2025: €31,205
- Other debts -€6,840
down €6,840 (-34.2%), from €20,000 to €13,160
- Gross operating margin +€76,883
up €76,883 (+71.0%), from €108,326 to €185,209
- Taxes +€27,202
up €27,202 (+107.4%), from €25,316 to €52,518
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 | €341,056 | €518,817 | +€177,761 | +52.1% |
| Fixed assets | 21/28 | €155,448 | €148,522 | -€6,926 | -4.5% |
| Tangible fixed assets | 22/27 | €155,435 | €148,509 | -€6,926 | -4.5% |
| Land and buildings | 22 | €154,418 | €146,277 | -€8,141 | -5.3% |
| Furniture and vehicles | 24 | €1,017 | €2,233 | +€1,216 | +119.5% |
| Financial fixed assets | 28 | €13 | €13 | = | 0.0% |
| Current assets | 29/58 | €185,609 | €370,295 | +€184,686 | +99.5% |
| Amounts receivable after more than one year | 29 | €5,000 | €5,000 | = | 0.0% |
| Other amounts receivable | 291 | €5,000 | €5,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €17,328 | €2,680 | -€14,648 | -84.5% |
| Trade receivables | 40 | €12,107 | - | -€12,107 | |
| Other amounts receivable | 41 | €5,221 | €2,680 | -€2,541 | -48.7% |
| Cash at bank and in hand | 54/58 | €126,590 | €321,433 | +€194,843 | +153.9% |
| Deferred charges and accrued income | 490/1 | €36,691 | €41,182 | +€4,491 | +12.2% |
| Total equity and liabilities | 10/49 | €341,056 | €518,817 | +€177,761 | +52.1% |
| Equity | 10/15 | €296,432 | €415,971 | +€119,539 | +40.3% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €282,172 | €401,711 | +€119,539 | +42.4% |
| Distributable reserves | 133 | €282,172 | €401,711 | +€119,539 | +42.4% |
| Amounts payable | 17/49 | €44,625 | €102,846 | +€58,221 | +130.5% |
| Amounts payable within one year | 42/48 | €44,625 | €71,641 | +€27,016 | +60.5% |
| Trade debts | 44 | €164 | €2,646 | +€2,482 | +1509.9% |
| Suppliers | 440/4 | €164 | €2,646 | +€2,482 | +1509.9% |
| Taxes, remuneration and social security | 45 | €24,460 | €55,835 | +€31,374 | +128.3% |
| Taxes | 450/3 | €13,316 | €55,835 | +€42,518 | +319.3% |
| Remuneration and social security | 454/9 | €11,144 | - | -€11,144 | |
| Other amounts payable | 47/48 | €20,000 | €13,160 | -€6,840 | -34.2% |
| Accrued charges and deferred income | 492/3 | - | €31,205 | +€31,205 | |
| Non-recurring operating income | 76A | €16,859 | - | -€16,859 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,808 | €8,925 | +€117 | +1.3% |
| Other operating charges | 640/8 | €2,893 | €3,003 | +€110 | +3.8% |
| Non-recurring operating charges | 66A | €131 | - | -€131 | |
| Gross operating margin | 9900 | €108,326 | €185,209 | +€76,883 | +71.0% |
| Operating profit (loss) | 9901 | €96,494 | €173,281 | +€76,787 | +79.6% |
| Financial charges | 65/66B | €1,481 | €1,223 | -€258 | -17.4% |
| Recurring financial charges | 65 | €1,481 | €1,220 | -€261 | -17.6% |
| Non-recurring financial charges | 66B | - | €3 | +€3 | |
| Profit (loss) for the period before taxes | 9903 | €95,012 | €172,058 | +€77,045 | +81.1% |
| Income taxes | 67/77 | €25,316 | €52,518 | +€27,202 | +107.4% |
| Profit (loss) for the period | 9904 | €69,696 | €119,539 | +€49,843 | +71.5% |
| Profit (loss) for the period to be appropriated | 9905 | €69,696 | €119,539 | +€49,843 | +71.5% |
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.