MEDITHEO: 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.
MEDITHEO
Largest movements
- Receivables within one year -€65,095
down €65,095 (-93.5%), from €69,609 to €4,514
of which Trade receivables: -€39,196
- Cash +€16,624
up €16,624 (+19.2%), from €86,408 to €103,031
mainly Net result for the year (+€103,746) and Receivables within one year (+€65,095)
- Current investments +€15,000
new in 2025: €15,000
- Tangible fixed assets -€1,783
down €1,783 (-11.2%), from €15,888 to €14,104
of which Other tangible fixed assets: -€1,346
- Trade debts -€31,287
down €31,287 (-69.0%), from €45,328 to €14,041
- Other debts -€23,973
down €23,973 (-20.3%), from €118,060 to €94,087
- Tax, wage and social debts +€17,114
up €17,114 (+191.8%), from €8,923 to €26,037
of which Taxes: +€17,114
- Accrued charges and deferred income +€4,071
new in 2025: €4,071
- Financial charges -€85,395
down €85,395 (-96.5%), from €88,468 to €3,073
- Taxes +€20,929
up €20,929 (+241.8%), from €8,654 to €29,583
- Gross operating margin +€7,800
up €7,800 (+5.9%), from €131,774 to €139,575
- Other operating charges -€1,804
down €1,804 (-83.5%), from €2,160 to €355
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 | €177,311 | €143,236 | -€34,075 | -19.2% |
| Fixed assets | 21/28 | €19,488 | €17,704 | -€1,783 | -9.2% |
| Tangible fixed assets | 22/27 | €15,888 | €14,104 | -€1,783 | -11.2% |
| Land and buildings | 22 | €2,720 | €2,720 | = | 0.0% |
| Furniture and vehicles | 24 | €2,207 | €1,770 | -€437 | -19.8% |
| Other tangible fixed assets | 26 | €10,961 | €9,614 | -€1,346 | -12.3% |
| Financial fixed assets | 28 | €3,600 | €3,600 | = | 0.0% |
| Current assets | 29/58 | €157,823 | €125,531 | -€32,292 | -20.5% |
| Amounts receivable within one year | 40/41 | €69,609 | €4,514 | -€65,095 | -93.5% |
| Trade receivables | 40 | €43,115 | €3,920 | -€39,196 | -90.9% |
| Other amounts receivable | 41 | €26,493 | €594 | -€25,899 | -97.8% |
| Current investments | 50/53 | - | €15,000 | +€15,000 | |
| Cash at bank and in hand | 54/58 | €86,408 | €103,031 | +€16,624 | +19.2% |
| Deferred charges and accrued income | 490/1 | €1,807 | €2,986 | +€1,179 | +65.3% |
| Total equity and liabilities | 10/49 | €177,311 | €143,236 | -€34,075 | -19.2% |
| Equity | 10/15 | €5,000 | €5,000 | = | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Amounts payable | 17/49 | €172,311 | €138,236 | -€34,075 | -19.8% |
| Amounts payable within one year | 42/48 | €172,311 | €134,165 | -€38,146 | -22.1% |
| Trade debts | 44 | €45,328 | €14,041 | -€31,287 | -69.0% |
| Suppliers | 440/4 | €45,328 | €14,041 | -€31,287 | -69.0% |
| Taxes, remuneration and social security | 45 | €8,923 | €26,037 | +€17,114 | +191.8% |
| Taxes | 450/3 | €7,163 | €24,277 | +€17,114 | +238.9% |
| Remuneration and social security | 454/9 | €1,760 | €1,760 | = | 0.0% |
| Other amounts payable | 47/48 | €118,060 | €94,087 | -€23,973 | -20.3% |
| Accrued charges and deferred income | 492/3 | - | €4,071 | +€4,071 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,694 | €2,824 | +€1,130 | +66.7% |
| Other operating charges | 640/8 | €2,160 | €355 | -€1,804 | -83.5% |
| Gross operating margin | 9900 | €131,774 | €139,575 | +€7,800 | +5.9% |
| Operating profit (loss) | 9901 | €127,920 | €136,395 | +€8,475 | +6.6% |
| Financial income | 75/76B | €0 | €7 | +€7 | +22433.3% |
| Recurring financial income | 75 | €0 | €7 | +€7 | +22433.3% |
| Financial charges | 65/66B | €88,468 | €3,073 | -€85,395 | -96.5% |
| Recurring financial charges | 65 | €88,468 | €3,073 | -€85,395 | -96.5% |
| Profit (loss) for the period before taxes | 9903 | €39,452 | €133,329 | +€93,877 | +237.9% |
| Income taxes | 67/77 | €8,654 | €29,583 | +€20,929 | +241.8% |
| Profit (loss) for the period | 9904 | €30,798 | €103,746 | +€72,948 | +236.9% |
| Profit (loss) for the period to be appropriated | 9905 | €30,798 | €103,746 | +€72,948 | +236.9% |
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 9 October 2026 via checked.be.