MEDIREM: 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.
MEDIREM
Largest movements
- Cash -€158,536
down €158,536 (-20.6%), from €771,315 to €612,779
mainly Contributions, distributions and other (-€507,755) and Investment in fixed assets (net) (-€97,825)
- Current investments -€100,000
down €100,000 (-33.3%), from €300,000 to €200,000
- Tangible fixed assets +€56,453
up €56,453 (+12.7%), from €443,238 to €499,691
of which Assets under construction and advance payments: +€33,168
- Reserves -€264,464
down €264,464 (-16.3%), from €1.6m to €1.4m
of which Distributable reserves: -€264,464
- Tax, wage and social debts +€40,138
up €40,138 (+46.4%), from €86,426 to €126,565
- Trade debts +€23,295
up €23,295 (+292.4%), from €7,967 to €31,262
- Gross operating margin -€81,352
down €81,352 (-17.4%), from €466,820 to €385,469
- Taxes -€25,866
down €25,866 (-18.9%), from €136,556 to €110,690
- Financial income +€4,705
up €4,705 (+48.7%), from €9,668 to €14,373
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 | €1,782,786 | €1,581,013 | -€201,773 | -11.3% |
| Fixed assets | 21/28 | €443,488 | €499,941 | +€56,453 | +12.7% |
| Tangible fixed assets | 22/27 | €443,238 | €499,691 | +€56,453 | +12.7% |
| Land and buildings | 22 | €408,414 | €435,970 | +€27,556 | +6.7% |
| Plant, machinery and equipment | 23 | €6,362 | €5,342 | -€1,020 | -16.0% |
| Furniture and vehicles | 24 | €28,462 | €25,211 | -€3,251 | -11.4% |
| Assets under construction and advance payments | 27 | - | €33,168 | +€33,168 | |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €1,339,298 | €1,081,071 | -€258,226 | -19.3% |
| Amounts receivable within one year | 40/41 | €266,335 | €265,734 | -€601 | -0.2% |
| Trade receivables | 40 | €174,890 | €179,932 | +€5,042 | +2.9% |
| Other amounts receivable | 41 | €91,444 | €85,801 | -€5,643 | -6.2% |
| Current investments | 50/53 | €300,000 | €200,000 | -€100,000 | -33.3% |
| Cash at bank and in hand | 54/58 | €771,315 | €612,779 | -€158,536 | -20.6% |
| Deferred charges and accrued income | 490/1 | €1,648 | €2,558 | +€910 | +55.2% |
| Total equity and liabilities | 10/49 | €1,782,786 | €1,581,013 | -€201,773 | -11.3% |
| Equity | 10/15 | €1,687,651 | €1,423,187 | -€264,464 | -15.7% |
| Contributions | 10/11 | €62,400 | €62,400 | = | 0.0% |
| Reserves | 13 | €1,625,251 | €1,360,787 | -€264,464 | -16.3% |
| Non-distributable reserves | 130/1 | €8,720 | €8,720 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,720 | €8,720 | = | 0.0% |
| Distributable reserves | 133 | €1,616,531 | €1,352,067 | -€264,464 | -16.4% |
| Amounts payable | 17/49 | €95,135 | €157,826 | +€62,691 | +65.9% |
| Amounts payable within one year | 42/48 | €94,393 | €157,826 | +€63,433 | +67.2% |
| Trade debts | 44 | €7,967 | €31,262 | +€23,295 | +292.4% |
| Suppliers | 440/4 | €7,967 | €31,262 | +€23,295 | +292.4% |
| Taxes, remuneration and social security | 45 | €86,426 | €126,565 | +€40,138 | +46.4% |
| Taxes | 450/3 | €86,426 | €126,565 | +€40,138 | +46.4% |
| Accrued charges and deferred income | 492/3 | €742 | - | -€742 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,635 | €41,372 | +€736 | +1.8% |
| Other operating charges | 640/8 | €2,903 | €2,884 | -€19 | -0.7% |
| Gross operating margin | 9900 | €466,820 | €385,469 | -€81,352 | -17.4% |
| Operating profit (loss) | 9901 | €423,282 | €341,213 | -€82,069 | -19.4% |
| Financial income | 75/76B | €9,668 | €14,373 | +€4,705 | +48.7% |
| Recurring financial income | 75 | €9,668 | €14,373 | +€4,705 | +48.7% |
| Financial charges | 65/66B | €1,426 | €1,605 | +€179 | +12.6% |
| Recurring financial charges | 65 | €1,426 | €1,605 | +€179 | +12.6% |
| Profit (loss) for the period before taxes | 9903 | €431,524 | €353,981 | -€77,543 | -18.0% |
| Income taxes | 67/77 | €136,556 | €110,690 | -€25,866 | -18.9% |
| Profit (loss) for the period | 9904 | €294,968 | €243,291 | -€51,677 | -17.5% |
| Profit (loss) for the period to be appropriated | 9905 | €294,968 | €243,291 | -€51,677 | -17.5% |
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 10 October 2026 via checked.be.