@MEDIP: 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.
@MEDIP
Largest movements
- Cash +€175,362
up €175,362 (+39.2%), from €447,535 to €622,897
mainly Net result for the year (+€341,408) and Other debts (+€258,824)
- Tangible fixed assets +€35,407
up €35,407 (+183.2%), from €19,329 to €54,736
- Other debts +€258,824
up €258,824 (+84.5%), from €306,400 to €565,224
- Reserves -€91,212
down €91,212 (-50.9%), from €179,349 to €88,137
- Profit (loss) carried forward +€90,408
up €90,408 (+39883.5%), from €227 to €90,635
- Tax, wage and social debts -€46,016
down €46,016 (-70.7%), from €65,104 to €19,088
- Gross operating margin +€80,681
up €80,681 (+20.2%), from €399,407 to €480,088
- Taxes +€14,956
up €14,956 (+16.0%), from €93,454 to €108,410
- Financial charges +€13,034
up €13,034 (+13646.9%), from €96 to €13,130
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 | €554,074 | €766,178 | +€212,104 | +38.3% |
| Fixed assets | 21/28 | €19,329 | €54,736 | +€35,407 | +183.2% |
| Tangible fixed assets | 22/27 | €19,329 | €54,736 | +€35,407 | +183.2% |
| Furniture and vehicles | 24 | €19,329 | €54,736 | +€35,407 | +183.2% |
| Current assets | 29/58 | €534,745 | €711,443 | +€176,697 | +33.0% |
| Cash at bank and in hand | 54/58 | €447,535 | €622,897 | +€175,362 | +39.2% |
| Deferred charges and accrued income | 490/1 | €87,210 | €88,545 | +€1,335 | +1.5% |
| Total equity and liabilities | 10/49 | €554,074 | €766,178 | +€212,104 | +38.3% |
| Equity | 10/15 | €182,075 | €181,271 | -€804 | -0.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €179,349 | €88,137 | -€91,212 | -50.9% |
| Distributable reserves | 133 | €179,349 | €88,137 | -€91,212 | -50.9% |
| Profit (loss) carried forward | 14 | €227 | €90,635 | +€90,408 | +39883.5% |
| Amounts payable | 17/49 | €371,999 | €584,907 | +€212,908 | +57.2% |
| Amounts payable within one year | 42/48 | €371,999 | €584,907 | +€212,908 | +57.2% |
| Trade debts | 44 | €495 | €595 | +€100 | +20.1% |
| Suppliers | 440/4 | €495 | €595 | +€100 | +20.1% |
| Taxes, remuneration and social security | 45 | €65,104 | €19,088 | -€46,016 | -70.7% |
| Taxes | 450/3 | €65,104 | €19,088 | -€46,016 | -70.7% |
| Other amounts payable | 47/48 | €306,400 | €565,224 | +€258,824 | +84.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,647 | €16,349 | +€4,702 | +40.4% |
| Other operating charges | 640/8 | €676 | €792 | +€116 | +17.1% |
| Gross operating margin | 9900 | €399,407 | €480,088 | +€80,681 | +20.2% |
| Operating profit (loss) | 9901 | €387,085 | €462,948 | +€75,863 | +19.6% |
| Financial income | 75/76B | €2,494 | - | -€2,494 | |
| Recurring financial income | 75 | €2,494 | - | -€2,494 | |
| Financial charges | 65/66B | €96 | €13,130 | +€13,034 | +13646.9% |
| Recurring financial charges | 65 | €96 | €13,130 | +€13,034 | +13646.9% |
| Profit (loss) for the period before taxes | 9903 | €389,483 | €449,818 | +€60,335 | +15.5% |
| Income taxes | 67/77 | €93,454 | €108,410 | +€14,956 | +16.0% |
| Profit (loss) for the period | 9904 | €296,029 | €341,408 | +€45,379 | +15.3% |
| Profit (loss) for the period to be appropriated | 9905 | €296,029 | €341,408 | +€45,379 | +15.3% |
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 3 October 2026 via checked.be.