MEDIT: 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.
MEDIT
Largest movements
- Current investments +€723,513
up €723,513 (+180.9%), from €400,000 to €1.1m
- Receivables within one year -€234,451
down €234,451 (-55.6%), from €421,754 to €187,303
- Cash -€219,396
down €219,396 (-60.5%), from €362,554 to €143,157
mainly Current investments (-€723,513) and Current portion of long-term debt (-€4,849)
- Reserves +€243,986
up €243,986 (+33.2%), from €735,995 to €979,981
- Financial charges -€896,223
down €896,223 (-99.5%), from €900,446 to €4,223
of which Non-recurring financial charges: -€900,000
- Financial income +€297,807
new in 2025: €297,807
- Taxes +€24,389
up €24,389 (+13755.0%), from €177 to €24,566
- Depreciation +€10,658
up €10,658 (+193.6%), from €5,505 to €16,163
- Other operating charges -€4,042
down €4,042 (-67.6%), from €5,980 to €1,939
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 | €2,497,681 | €2,750,792 | +€253,111 | +10.1% |
| Fixed assets | 21/28 | €1,312,747 | €1,296,584 | -€16,163 | -1.2% |
| Tangible fixed assets | 22/27 | €106,747 | €90,584 | -€16,163 | -15.1% |
| Land and buildings | 22 | €44,931 | €41,557 | -€3,374 | -7.5% |
| Furniture and vehicles | 24 | €61,816 | €49,026 | -€12,790 | -20.7% |
| Financial fixed assets | 28 | €1,206,000 | €1,206,000 | = | 0.0% |
| Current assets | 29/58 | €1,184,934 | €1,454,208 | +€269,274 | +22.7% |
| Amounts receivable within one year | 40/41 | €421,754 | €187,303 | -€234,451 | -55.6% |
| Other amounts receivable | 41 | €421,754 | €187,303 | -€234,451 | -55.6% |
| Current investments | 50/53 | €400,000 | €1,123,513 | +€723,513 | +180.9% |
| Cash at bank and in hand | 54/58 | €362,554 | €143,157 | -€219,396 | -60.5% |
| Deferred charges and accrued income | 490/1 | €626 | €235 | -€391 | -62.5% |
| Total equity and liabilities | 10/49 | €2,497,681 | €2,750,792 | +€253,111 | +10.1% |
| Equity | 10/15 | €2,487,872 | €2,731,858 | +€243,986 | +9.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €735,995 | €979,981 | +€243,986 | +33.2% |
| Distributable reserves | 133 | €735,995 | €979,981 | +€243,986 | +33.2% |
| Profit (loss) carried forward | 14 | €1,733,277 | €1,733,277 | = | 0.0% |
| Amounts payable | 17/49 | €9,809 | €18,934 | +€9,125 | +93.0% |
| Amounts payable within one year | 42/48 | €8,810 | €18,934 | +€10,124 | +114.9% |
| Current portion of amounts payable after more than one year | 42 | €4,849 | - | -€4,849 | |
| Trade debts | 44 | €123 | €123 | = | 0.0% |
| Suppliers | 440/4 | €123 | €123 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €177 | €16,371 | +€16,193 | +9132.8% |
| Taxes | 450/3 | €177 | €16,371 | +€16,193 | +9132.8% |
| Other amounts payable | 47/48 | €3,660 | €2,440 | -€1,220 | -33.3% |
| Accrued charges and deferred income | 492/3 | €999 | - | -€999 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,505 | €16,163 | +€10,658 | +193.6% |
| Other operating charges | 640/8 | €5,980 | €1,939 | -€4,042 | -67.6% |
| Gross operating margin | 9900 | -€7,383 | -€6,930 | +€454 | +6.1% |
| Operating profit (loss) | 9901 | -€18,869 | -€25,031 | -€6,163 | -32.7% |
| Financial income | 75/76B | - | €297,807 | +€297,807 | |
| Recurring financial income | 75 | - | €297,807 | +€297,807 | |
| Financial charges | 65/66B | €900,446 | €4,223 | -€896,223 | -99.5% |
| Recurring financial charges | 65 | €446 | €4,223 | +€3,777 | +846.2% |
| Non-recurring financial charges | 66B | €900,000 | - | -€900,000 | |
| Profit (loss) for the period before taxes | 9903 | -€919,315 | €268,552 | +€1.2m | |
| Income taxes | 67/77 | €177 | €24,566 | +€24,389 | +13755.0% |
| Profit (loss) for the period | 9904 | -€919,492 | €243,986 | +€1.2m | |
| Profit (loss) for the period to be appropriated | 9905 | -€919,492 | €243,986 | +€1.2m |
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 7 October 2026 via checked.be.