MEDITALLIER: 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.
MEDITALLIER
Largest movements
- Cash +€54,727
up €54,727 (+45.0%), from €121,486 to €176,213
mainly Net result for the year (+€74,327) and Receivables after one year (+€32,000)
- Receivables after one year -€32,000
no longer reported in 2025 (was €32,000)
- Tangible fixed assets -€22,792
down €22,792 (-6.0%), from €379,352 to €356,560
of which Land and buildings: -€21,850
- Debts after one year -€27,293
down €27,293 (-11.2%), from €244,515 to €217,222
- Reserves +€26,627
up €26,627 (+9.6%), from €277,448 to €304,075
of which Distributable reserves: +€26,627
- Gross operating margin +€20,286
up €20,286 (+16.4%), from €123,881 to €144,167
- Taxes +€7,211
up €7,211 (+30.3%), from €23,802 to €31,013
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 | €576,667 | €572,661 | -€4,006 | -0.7% |
| Fixed assets | 21/28 | €381,377 | €358,585 | -€22,792 | -6.0% |
| Tangible fixed assets | 22/27 | €379,352 | €356,560 | -€22,792 | -6.0% |
| Land and buildings | 22 | €357,546 | €335,696 | -€21,850 | -6.1% |
| Plant, machinery and equipment | 23 | €6,029 | €10,114 | +€4,085 | +67.8% |
| Furniture and vehicles | 24 | €15,776 | €10,750 | -€5,027 | -31.9% |
| Financial fixed assets | 28 | €2,025 | €2,025 | = | 0.0% |
| Current assets | 29/58 | €195,290 | €214,075 | +€18,785 | +9.6% |
| Amounts receivable after more than one year | 29 | €32,000 | - | -€32,000 | |
| Other amounts receivable | 291 | €32,000 | - | -€32,000 | |
| Amounts receivable within one year | 40/41 | €36,348 | €32,000 | -€4,348 | -12.0% |
| Trade receivables | 40 | €150 | - | -€150 | |
| Other amounts receivable | 41 | €36,198 | €32,000 | -€4,198 | -11.6% |
| Cash at bank and in hand | 54/58 | €121,486 | €176,213 | +€54,727 | +45.0% |
| Deferred charges and accrued income | 490/1 | €5,456 | €5,863 | +€406 | +7.4% |
| Total equity and liabilities | 10/49 | €576,667 | €572,661 | -€4,006 | -0.7% |
| Equity | 10/15 | €290,127 | €316,754 | +€26,627 | +9.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €277,448 | €304,075 | +€26,627 | +9.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €275,588 | €302,215 | +€26,627 | +9.7% |
| Profit (loss) carried forward | 14 | €279 | €279 | +€0 | +0.2% |
| Amounts payable | 17/49 | €286,540 | €255,906 | -€30,634 | -10.7% |
| Amounts payable after more than one year | 17 | €244,515 | €217,222 | -€27,293 | -11.2% |
| Financial debts | 170/4 | €244,515 | €217,222 | -€27,293 | -11.2% |
| Amounts payable within one year | 42/48 | €42,025 | €38,685 | -€3,340 | -7.9% |
| Current portion of amounts payable after more than one year | 42 | €26,322 | €27,293 | +€972 | +3.7% |
| Trade debts | 44 | €2,296 | €2,230 | -€66 | -2.9% |
| Suppliers | 440/4 | €2,296 | €2,230 | -€66 | -2.9% |
| Taxes, remuneration and social security | 45 | €1,021 | €2,260 | +€1,238 | +121.2% |
| Taxes | 450/3 | €1,021 | €2,260 | +€1,238 | +121.2% |
| Other amounts payable | 47/48 | €12,386 | €6,902 | -€5,485 | -44.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,174 | €29,911 | +€737 | +2.5% |
| Other operating charges | 640/8 | €1,258 | €1,147 | -€111 | -8.8% |
| Gross operating margin | 9900 | €123,881 | €144,167 | +€20,286 | +16.4% |
| Operating profit (loss) | 9901 | €93,449 | €113,109 | +€19,660 | +21.0% |
| Financial income | 75/76B | €1,147 | €575 | -€573 | -49.9% |
| Recurring financial income | 75 | €1,147 | €575 | -€573 | -49.9% |
| Financial charges | 65/66B | €9,306 | €8,343 | -€963 | -10.3% |
| Recurring financial charges | 65 | €9,306 | €8,343 | -€963 | -10.3% |
| Profit (loss) for the period before taxes | 9903 | €85,291 | €105,341 | +€20,050 | +23.5% |
| Income taxes | 67/77 | €23,802 | €31,013 | +€7,211 | +30.3% |
| Profit (loss) for the period | 9904 | €61,488 | €74,327 | +€12,839 | +20.9% |
| Profit (loss) for the period to be appropriated | 9905 | €61,488 | €74,327 | +€12,839 | +20.9% |
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.