MEDIPOLE: 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.
MEDIPOLE
Largest movements
- Cash +€77,162
up €77,162 (+37.7%), from €204,786 to €281,948
mainly Net result for the year (+€171,065) and Depreciation (+€25,396)
- Current investments +€36,000
up €36,000 (+13.5%), from €266,000 to €302,000
- Tangible fixed assets -€24,051
down €24,051 (-6.6%), from €361,766 to €337,714
of which Land and buildings: -€14,782
- Reserves +€139,637
up €139,637 (+23.7%), from €589,596 to €729,232
- Debts after one year -€70,948
down €70,948 (-37.6%), from €188,665 to €117,717
- Tax, wage and social debts +€22,186
up €22,186 (+611%), from €3,629 to €25,816
- Gross operating margin +€38,019
up €38,019 (+15.2%), from €250,933 to €288,953
- Depreciation -€27,523
down €27,523 (-52.0%), from €52,920 to €25,396
- Taxes +€22,208
up €22,208 (+41.2%), from €53,913 to €76,121
- Financial charges -€3,962
down €3,962 (-25.0%), from €15,834 to €11,871
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 | €871,764 | €966,441 | +€94,678 | +10.9% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €362,896 | €338,844 | -€24,051 | -6.6% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €361,766 | €337,714 | -€24,051 | -6.6% |
| Land and buildings | 22 | €327,732 | €312,950 | -€14,782 | -4.5% |
| Plant, machinery and equipment | 23 | €14,232 | €11,013 | -€3,219 | -22.6% |
| Furniture and vehicles | 24 | €19,802 | €13,752 | -€6,050 | -30.6% |
| Financial fixed assets | 28 | €1,130 | €1,130 | = | 0.0% |
| Current assets | 29/58 | €508,868 | €627,597 | +€118,729 | +23.3% |
| Amounts receivable within one year | 40/41 | €29 | €6,165 | +€6,136 | +21,195% |
| Trade receivables | 40 | - | €2,953 | +€2,953 | |
| Other amounts receivable | 41 | €29 | €3,212 | +€3,183 | +10,995% |
| Current investments | 50/53 | €266,000 | €302,000 | +€36,000 | +13.5% |
| Cash at bank and in hand | 54/58 | €204,786 | €281,948 | +€77,162 | +37.7% |
| Deferred charges and accrued income | 490/1 | €38,053 | €37,484 | -€569 | -1.5% |
| Total equity and liabilities | 10/49 | €871,764 | €966,441 | +€94,678 | +10.9% |
| Equity | 10/15 | €595,796 | €735,432 | +€139,637 | +23.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €589,596 | €729,232 | +€139,637 | +23.7% |
| Distributable reserves | 133 | €589,596 | €729,232 | +€139,637 | +23.7% |
| Amounts payable | 17/49 | €275,968 | €231,009 | -€44,959 | -16.3% |
| Amounts payable after more than one year | 17 | €188,665 | €117,717 | -€70,948 | -37.6% |
| Financial debts | 170/4 | €188,665 | €117,717 | -€70,948 | -37.6% |
| Amounts payable within one year | 42/48 | €86,455 | €112,668 | +€26,213 | +30.3% |
| Current portion of amounts payable after more than one year | 42 | €73,181 | €76,378 | +€3,197 | +4.4% |
| Trade debts | 44 | €9,582 | €10,475 | +€893 | +9.3% |
| Suppliers | 440/4 | €9,582 | €10,475 | +€893 | +9.3% |
| Taxes, remuneration and social security | 45 | €3,629 | €25,816 | +€22,186 | +611% |
| Taxes | 450/3 | €3,629 | €25,816 | +€22,186 | +611% |
| Other amounts payable | 47/48 | €63 | - | -€63 | |
| Accrued charges and deferred income | 492/3 | €848 | €624 | -€224 | -26.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,920 | €25,396 | -€27,523 | -52.0% |
| Other operating charges | 640/8 | €5,340 | €5,517 | +€178 | +3.3% |
| Gross operating margin | 9900 | €250,933 | €288,953 | +€38,019 | +15.2% |
| Operating profit (loss) | 9901 | €192,674 | €258,039 | +€65,365 | +33.9% |
| Financial income | 75/76B | €948 | €1,019 | +€71 | +7.5% |
| Recurring financial income | 75 | €948 | €1,019 | +€71 | +7.5% |
| Financial charges | 65/66B | €15,834 | €11,871 | -€3,962 | -25.0% |
| Recurring financial charges | 65 | €15,834 | €11,871 | -€3,962 | -25.0% |
| Profit (loss) for the period before taxes | 9903 | €177,788 | €247,186 | +€69,398 | +39.0% |
| Income taxes | 67/77 | €53,913 | €76,121 | +€22,208 | +41.2% |
| Profit (loss) for the period | 9904 | €123,874 | €171,065 | +€47,191 | +38.1% |
| Profit (loss) for the period to be appropriated | 9905 | €123,874 | €171,065 | +€47,191 | +38.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.