MEDITHEY: 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.
MEDITHEY
Largest movements
- Receivables within one year +€98,253
up €98,253 (+227.5%), from €43,188 to €141,441
of which Other amounts receivable: +€98,444
- Tangible fixed assets +€39,912
up €39,912 (+47.1%), from €84,663 to €124,575
of which Leasing and similar rights: +€27,864
- Cash -€17,350
down €17,350 (-33.6%), from €51,568 to €34,218
mainly Receivables within one year (-€98,253) and Investment in fixed assets (net) (-€62,236)
- Deferred charges and accrued income -€3,716
down €3,716 (-50.7%), from €7,329 to €3,613
- Profit (loss) carried forward +€78,305
up €78,305 (+74.2%), from €105,601 to €183,906
- Tax, wage and social debts +€19,722
up €19,722 (+83.3%), from €23,678 to €43,400
of which Taxes: +€19,722
- Debts after one year +€8,209
up €8,209 (+22.2%), from €36,913 to €45,122
- Current portion of long-term debt +€6,836
up €6,836 (+52.3%), from €13,072 to €19,909
- Depreciation +€8,652
up €8,652 (+63.3%), from €13,672 to €22,323
- Financial income +€3,679
up €3,679 (+283.6%), from €1,297 to €4,977
- Taxes -€1,816
down €1,816 (-8.4%), from €21,538 to €19,722
- Gross operating margin +€1,507
up €1,507 (+1.3%), from €117,264 to €118,772
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 | €186,747 | €303,846 | +€117,099 | +62.7% |
| Fixed assets | 21/28 | €84,663 | €124,575 | +€39,912 | +47.1% |
| Tangible fixed assets | 22/27 | €84,663 | €124,575 | +€39,912 | +47.1% |
| Plant, machinery and equipment | 23 | €4,911 | €3,958 | -€954 | -19.4% |
| Furniture and vehicles | 24 | €29,570 | €22,307 | -€7,264 | -24.6% |
| Leasing and similar rights | 25 | - | €27,864 | +€27,864 | |
| Other tangible fixed assets | 26 | €50,181 | €70,446 | +€20,265 | +40.4% |
| Current assets | 29/58 | €102,084 | €179,271 | +€77,187 | +75.6% |
| Amounts receivable within one year | 40/41 | €43,188 | €141,441 | +€98,253 | +227.5% |
| Trade receivables | 40 | €575 | €384 | -€191 | -33.2% |
| Other amounts receivable | 41 | €42,613 | €141,057 | +€98,444 | +231.0% |
| Cash at bank and in hand | 54/58 | €51,568 | €34,218 | -€17,350 | -33.6% |
| Deferred charges and accrued income | 490/1 | €7,329 | €3,613 | -€3,716 | -50.7% |
| Total equity and liabilities | 10/49 | €186,747 | €303,846 | +€117,099 | +62.7% |
| Equity | 10/15 | €109,101 | €187,406 | +€78,305 | +71.8% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €105,601 | €183,906 | +€78,305 | +74.2% |
| Amounts payable | 17/49 | €77,646 | €116,440 | +€38,794 | +50.0% |
| Amounts payable after more than one year | 17 | €36,913 | €45,122 | +€8,209 | +22.2% |
| Financial debts | 170/4 | €36,913 | €45,122 | +€8,209 | +22.2% |
| Amounts payable within one year | 42/48 | €40,665 | €70,143 | +€29,478 | +72.5% |
| Current portion of amounts payable after more than one year | 42 | €13,072 | €19,909 | +€6,836 | +52.3% |
| Trade debts | 44 | €3,915 | €6,835 | +€2,920 | +74.6% |
| Suppliers | 440/4 | €3,915 | €6,835 | +€2,920 | +74.6% |
| Taxes, remuneration and social security | 45 | €23,678 | €43,400 | +€19,722 | +83.3% |
| Taxes | 450/3 | €21,538 | €41,261 | +€19,722 | +91.6% |
| Remuneration and social security | 454/9 | €2,140 | €2,139 | -€1 | 0.0% |
| Accrued charges and deferred income | 492/3 | €68 | €1,175 | +€1,107 | +1630.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,672 | €22,323 | +€8,652 | +63.3% |
| Other operating charges | 640/8 | €406 | €256 | -€151 | -37.1% |
| Gross operating margin | 9900 | €117,264 | €118,772 | +€1,507 | +1.3% |
| Operating profit (loss) | 9901 | €103,187 | €96,193 | -€6,993 | -6.8% |
| Financial income | 75/76B | €1,297 | €4,977 | +€3,679 | +283.6% |
| Recurring financial income | 75 | €1,297 | €4,977 | +€3,679 | +283.6% |
| Financial charges | 65/66B | €2,674 | €3,142 | +€468 | +17.5% |
| Recurring financial charges | 65 | €2,674 | €3,142 | +€468 | +17.5% |
| Profit (loss) for the period before taxes | 9903 | €101,810 | €98,028 | -€3,782 | -3.7% |
| Income taxes | 67/77 | €21,538 | €19,722 | -€1,816 | -8.4% |
| Profit (loss) for the period | 9904 | €80,272 | €78,305 | -€1,966 | -2.4% |
| Profit (loss) for the period to be appropriated | 9905 | €80,272 | €78,305 | -€1,966 | -2.4% |
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 5 October 2026 via checked.be.