MEDITOR: 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.
MEDITOR
Largest movements
- Receivables within one year +€111,092
up €111,092 (+71.5%), from €155,419 to €266,511
- Cash -€45,817
down €45,817 (-68.3%), from €67,038 to €21,220
mainly Receivables within one year (-€111,092)
- Reserves +€42,580
up €42,580 (+12.8%), from €332,481 to €375,061
of which Distributable reserves: +€42,580
- Tax, wage and social debts +€22,043
up €22,043 (+46.1%), from €47,816 to €69,859
- Gross operating margin -€87,060
down €87,060 (-63.0%), from €138,132 to €51,071
- Taxes -€25,773
down €25,773 (-53.9%), from €47,816 to €22,043
- Financial income +€6,998
up €6,998 (+95.5%), from €7,325 to €14,323
- Other operating charges -€1,619
no longer reported in 2025 (was €1,619)
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 | €392,697 | €457,320 | +€64,624 | +16.5% |
| Fixed assets | 21/28 | €89,975 | €89,589 | -€386 | -0.4% |
| Tangible fixed assets | 22/27 | €88,890 | €88,504 | -€386 | -0.4% |
| Land and buildings | 22 | €88,301 | €88,301 | = | 0.0% |
| Furniture and vehicles | 24 | €590 | €203 | -€386 | -65.5% |
| Financial fixed assets | 28 | €1,085 | €1,085 | = | 0.0% |
| Current assets | 29/58 | €302,721 | €367,731 | +€65,010 | +21.5% |
| Amounts receivable after more than one year | 29 | €80,000 | €80,000 | = | 0.0% |
| Other amounts receivable | 291 | €80,000 | €80,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €155,419 | €266,511 | +€111,092 | +71.5% |
| Other amounts receivable | 41 | €155,419 | €266,511 | +€111,092 | +71.5% |
| Cash at bank and in hand | 54/58 | €67,038 | €21,220 | -€45,817 | -68.3% |
| Deferred charges and accrued income | 490/1 | €264 | - | -€264 | |
| Total equity and liabilities | 10/49 | €392,697 | €457,320 | +€64,624 | +16.5% |
| Equity | 10/15 | €344,881 | €387,461 | +€42,580 | +12.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €332,481 | €375,061 | +€42,580 | +12.8% |
| 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 | €330,621 | €373,201 | +€42,580 | +12.9% |
| Amounts payable | 17/49 | €47,816 | €69,859 | +€22,043 | +46.1% |
| Amounts payable within one year | 42/48 | €47,816 | €69,859 | +€22,043 | +46.1% |
| Taxes, remuneration and social security | 45 | €47,816 | €69,859 | +€22,043 | +46.1% |
| Taxes | 450/3 | €47,816 | €69,859 | +€22,043 | +46.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €470 | €386 | -€84 | -17.8% |
| Other operating charges | 640/8 | €1,619 | - | -€1,619 | |
| Gross operating margin | 9900 | €138,132 | €51,071 | -€87,060 | -63.0% |
| Operating profit (loss) | 9901 | €136,043 | €50,685 | -€85,358 | -62.7% |
| Financial income | 75/76B | €7,325 | €14,323 | +€6,998 | +95.5% |
| Recurring financial income | 75 | €7,325 | €14,323 | +€6,998 | +95.5% |
| Financial charges | 65/66B | €514 | €385 | -€129 | -25.2% |
| Recurring financial charges | 65 | €394 | €385 | -€9 | -2.3% |
| Non-recurring financial charges | 66B | €120 | - | -€120 | |
| Profit (loss) for the period before taxes | 9903 | €142,854 | €64,624 | -€78,230 | -54.8% |
| Income taxes | 67/77 | €47,816 | €22,043 | -€25,773 | -53.9% |
| Profit (loss) for the period | 9904 | €95,038 | €42,580 | -€52,458 | -55.2% |
| Profit (loss) for the period to be appropriated | 9905 | €95,038 | €42,580 | -€52,458 | -55.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.