MEDIPIM: 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.
MEDIPIM
Largest movements
- Cash +€78,182
up €78,182 (+2527.1%), from €3,094 to €81,276
mainly Depreciation (+€314,621) and Net result for the year (+€77,356)
- Receivables within one year -€41,332
down €41,332 (-16.2%), from €254,878 to €213,546
of which Other amounts receivable: -€22,325
- Trade debts -€133,470
down €133,470 (-61.3%), from €217,749 to €84,280
- Reserves +€77,356
up €77,356 (+21.4%), from €362,319 to €439,675
- Accrued charges and deferred income +€74,528
up €74,528 (+13.4%), from €557,986 to €632,514
- Gross operating margin +€111,471
up €111,471 (+16.0%), from €698,573 to €810,044
- Depreciation +€62,605
up €62,605 (+24.8%), from €252,016 to €314,621
- Staff costs +€20,663
up €20,663 (+5.5%), from €377,220 to €397,883
- Financial income -€17,870
down €17,870 (-95.9%), from €18,638 to €768
- Other operating charges -€12,695
down €12,695 (-90.0%), from €14,100 to €1,405
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 | €1,256,300 | €1,281,686 | +€25,386 | +2.0% |
| Fixed assets | 21/28 | €940,375 | €939,710 | -€665 | -0.1% |
| Intangible fixed assets | 21 | €914,103 | €918,342 | +€4,239 | +0.5% |
| Tangible fixed assets | 22/27 | €26,273 | €21,369 | -€4,904 | -18.7% |
| Plant, machinery and equipment | 23 | €21,499 | €15,186 | -€6,313 | -29.4% |
| Furniture and vehicles | 24 | €4,774 | €6,183 | +€1,409 | +29.5% |
| Current assets | 29/58 | €315,924 | €341,976 | +€26,051 | +8.2% |
| Amounts receivable within one year | 40/41 | €254,878 | €213,546 | -€41,332 | -16.2% |
| Trade receivables | 40 | €214,790 | €195,783 | -€19,007 | -8.8% |
| Other amounts receivable | 41 | €40,088 | €17,763 | -€22,325 | -55.7% |
| Cash at bank and in hand | 54/58 | €3,094 | €81,276 | +€78,182 | +2527.1% |
| Deferred charges and accrued income | 490/1 | €57,952 | €47,154 | -€10,798 | -18.6% |
| Total equity and liabilities | 10/49 | €1,256,300 | €1,281,686 | +€25,386 | +2.0% |
| Equity | 10/15 | €429,813 | €507,169 | +€77,356 | +18.0% |
| Contributions | 10/11 | €67,494 | €67,494 | = | 0.0% |
| Reserves | 13 | €362,319 | €439,675 | +€77,356 | +21.4% |
| Distributable reserves | 133 | €362,319 | €439,675 | +€77,356 | +21.4% |
| Amounts payable | 17/49 | €826,487 | €774,517 | -€51,970 | -6.3% |
| Amounts payable within one year | 42/48 | €268,501 | €142,003 | -€126,498 | -47.1% |
| Trade debts | 44 | €217,749 | €84,280 | -€133,470 | -61.3% |
| Suppliers | 440/4 | €217,749 | €84,280 | -€133,470 | -61.3% |
| Taxes, remuneration and social security | 45 | €50,752 | €53,338 | +€2,586 | +5.1% |
| Taxes | 450/3 | €6,004 | €10,002 | +€3,998 | +66.6% |
| Remuneration and social security | 454/9 | €44,747 | €43,336 | -€1,412 | -3.2% |
| Other amounts payable | 47/48 | - | €4,385 | +€4,385 | |
| Accrued charges and deferred income | 492/3 | €557,986 | €632,514 | +€74,528 | +13.4% |
| Remuneration, social security and pensions | 62 | €377,220 | €397,883 | +€20,663 | +5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €252,016 | €314,621 | +€62,605 | +24.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,704 | +€1,704 | |
| Other operating charges | 640/8 | €14,100 | €1,405 | -€12,695 | -90.0% |
| Gross operating margin | 9900 | €698,573 | €810,044 | +€111,471 | +16.0% |
| Operating profit (loss) | 9901 | €55,238 | €94,431 | +€39,193 | +71.0% |
| Financial income | 75/76B | €18,638 | €768 | -€17,870 | -95.9% |
| Recurring financial income | 75 | €18,638 | €768 | -€17,870 | -95.9% |
| Financial charges | 65/66B | €6,453 | €4,847 | -€1,606 | -24.9% |
| Recurring financial charges | 65 | €6,453 | €4,847 | -€1,606 | -24.9% |
| Profit (loss) for the period before taxes | 9903 | €67,424 | €90,352 | +€22,929 | +34.0% |
| Income taxes | 67/77 | €2,352 | €12,996 | +€10,645 | +452.7% |
| Profit (loss) for the period | 9904 | €65,072 | €77,356 | +€12,284 | +18.9% |
| Profit (loss) for the period to be appropriated | 9905 | €65,072 | €77,356 | +€12,284 | +18.9% |
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.