Meditel Services: 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.
Meditel Services
Largest movements
- Cash -€49,656
down €49,656 (-100.0%), from €49,656 to €0
mainly Investment in fixed assets (net) (-€44,941) and Receivables after one year (-€25,255)
- Formation expenses +€34,276
new in 2025: €34,276
- Receivables after one year +€25,255
new in 2025: €25,255
- Tangible fixed assets -€18,300
down €18,300 (-14.2%), from €128,915 to €110,615
of which Furniture and vehicles: -€12,180
- Intangible fixed assets -€8,893
down €8,893 (-48.0%), from €18,529 to €9,636
- Profit (loss) carried forward +€29,586
up €29,586, from -€29,586 to €0
- Debts after one year -€22,643
down €22,643 (-25.6%), from €88,344 to €65,701
- Short-term financial debts +€21,340
up €21,340, from €0 to €21,340
- Current portion of long-term debt -€19,580
down €19,580 (-39.1%), from €50,106 to €30,526
- Tax, wage and social debts -€18,903
down €18,903 (-18.4%), from €102,724 to €83,821
of which Remuneration and social security: -€16,720
- Staff costs +€24,385
up €24,385 (+5.4%), from €450,244 to €474,629
- Gross operating margin +€14,105
up €14,105 (+2.8%), from €503,310 to €517,415
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 | €273,868 | €262,028 | -€11,840 | -4.3% |
| Formation expenses | 20 | - | €34,276 | +€34,276 | |
| Fixed assets | 21/28 | €147,444 | €120,251 | -€27,193 | -18.4% |
| Intangible fixed assets | 21 | €18,529 | €9,636 | -€8,893 | -48.0% |
| Tangible fixed assets | 22/27 | €128,915 | €110,615 | -€18,300 | -14.2% |
| Plant, machinery and equipment | 23 | €6,307 | €4,012 | -€2,295 | -36.4% |
| Furniture and vehicles | 24 | €56,645 | €44,465 | -€12,180 | -21.5% |
| Other tangible fixed assets | 26 | €65,963 | €62,139 | -€3,825 | -5.8% |
| Current assets | 29/58 | €126,424 | €107,501 | -€18,924 | -15.0% |
| Amounts receivable after more than one year | 29 | - | €25,255 | +€25,255 | |
| Other amounts receivable | 291 | - | €25,255 | +€25,255 | |
| Amounts receivable within one year | 40/41 | €72,839 | €78,298 | +€5,458 | +7.5% |
| Trade receivables | 40 | €69,049 | €74,222 | +€5,172 | +7.5% |
| Other amounts receivable | 41 | €3,790 | €4,076 | +€286 | +7.5% |
| Cash at bank and in hand | 54/58 | €49,656 | €0 | -€49,656 | -100.0% |
| Deferred charges and accrued income | 490/1 | €3,929 | €3,948 | +€19 | +0.5% |
| Total equity and liabilities | 10/49 | €273,868 | €262,028 | -€11,840 | -4.3% |
| Equity | 10/15 | €25,564 | €55,660 | +€30,096 | +117.7% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €30,151 | €30,660 | +€510 | +1.7% |
| Non-distributable reserves | 130/1 | €24 | €24 | = | 0.0% |
| Reserves not available under the articles | 1311 | - | €24 | +€24 | |
| Other | 1319 | €24 | - | -€24 | |
| Distributable reserves | 133 | €30,127 | €30,636 | +€510 | +1.7% |
| Profit (loss) carried forward | 14 | -€29,586 | €0 | +€29,586 | |
| Amounts payable | 17/49 | €248,304 | €206,368 | -€41,936 | -16.9% |
| Amounts payable after more than one year | 17 | €88,344 | €65,701 | -€22,643 | -25.6% |
| Financial debts | 170/4 | €88,344 | €65,701 | -€22,643 | -25.6% |
| Amounts payable within one year | 42/48 | €159,960 | €140,667 | -€19,293 | -12.1% |
| Current portion of amounts payable after more than one year | 42 | €50,106 | €30,526 | -€19,580 | -39.1% |
| Financial debts | 43 | €0 | €21,340 | +€21,340 | |
| Credit institutions | 430/8 | €0 | €21,340 | +€21,340 | |
| Trade debts | 44 | €7,130 | €4,981 | -€2,149 | -30.1% |
| Suppliers | 440/4 | €7,130 | €4,981 | -€2,149 | -30.1% |
| Taxes, remuneration and social security | 45 | €102,724 | €83,821 | -€18,903 | -18.4% |
| Taxes | 450/3 | €35,708 | €33,525 | -€2,184 | -6.1% |
| Remuneration and social security | 454/9 | €67,016 | €50,296 | -€16,720 | -24.9% |
| Remuneration, social security and pensions | 62 | €450,244 | €474,629 | +€24,385 | +5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,617 | €37,858 | +€4,241 | +12.6% |
| Other operating charges | 640/8 | €505 | €583 | +€78 | +15.4% |
| Operating charges capitalised as restructuring costs | 649 | - | -€34,295 | -€34,295 | |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €503,310 | €517,415 | +€14,105 | +2.8% |
| Operating profit (loss) | 9901 | €18,944 | €38,640 | +€19,696 | +104.0% |
| Financial income | 75/76B | €202 | €648 | +€446 | +220.4% |
| Recurring financial income | 75 | €202 | €648 | +€446 | +220.4% |
| Financial charges | 65/66B | €3,717 | €4,246 | +€529 | +14.2% |
| Recurring financial charges | 65 | €3,717 | €4,246 | +€529 | +14.2% |
| Profit (loss) for the period before taxes | 9903 | €15,429 | €35,041 | +€19,613 | +127.1% |
| Income taxes | 67/77 | €49 | €4,945 | +€4,896 | +9894.0% |
| Profit (loss) for the period | 9904 | €15,379 | €30,096 | +€14,717 | +95.7% |
| Profit (loss) for the period to be appropriated | 9905 | €15,379 | €30,096 | +€14,717 | +95.7% |
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 11 October 2026 via checked.be.