MEDIUS: 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.
MEDIUS
Largest movements
- Current investments +€450,000
new in 2025: €450,000
- Cash -€376,277
down €376,277 (-76.1%), from €494,759 to €118,482
mainly Current investments (-€450,000) and Deferred charges and accrued income (-€2,198)
- Tangible fixed assets -€49,584
down €49,584 (-7.9%), from €625,691 to €576,107
of which Land and buildings: -€47,831
- Reserves +€26,271
up €26,271 (+23.5%), from €111,949 to €138,219
of which Distributable reserves: +€24,957
- Gross operating margin +€4,212
up €4,212 (+4.8%), from €87,672 to €91,884
- Financial income +€2,517
up €2,517 (+101.2%), from €2,488 to €5,005
- Depreciation -€2,409
down €2,409 (-4.6%), from €51,994 to €49,584
- Taxes +€2,209
up €2,209 (+31.8%), from €6,942 to €9,152
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 | €1,434,299 | €1,460,636 | +€26,337 | +1.8% |
| Fixed assets | 21/28 | €935,558 | €885,974 | -€49,584 | -5.3% |
| Tangible fixed assets | 22/27 | €625,691 | €576,107 | -€49,584 | -7.9% |
| Land and buildings | 22 | €619,510 | €571,679 | -€47,831 | -7.7% |
| Plant, machinery and equipment | 23 | €6,181 | €4,428 | -€1,753 | -28.4% |
| Financial fixed assets | 28 | €309,867 | €309,867 | = | 0.0% |
| Current assets | 29/58 | €498,742 | €574,662 | +€75,921 | +15.2% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | - | €450,000 | +€450,000 | |
| Cash at bank and in hand | 54/58 | €494,759 | €118,482 | -€376,277 | -76.1% |
| Deferred charges and accrued income | 490/1 | €3,982 | €6,180 | +€2,198 | +55.2% |
| Total equity and liabilities | 10/49 | €1,434,299 | €1,460,636 | +€26,337 | +1.8% |
| Equity | 10/15 | €483,789 | €510,060 | +€26,271 | +5.4% |
| Contributions | 10/11 | €371,840 | €371,840 | = | 0.0% |
| Capital | 10 | €371,840 | €371,840 | = | 0.0% |
| Issued capital | 100 | €371,840 | €371,840 | = | 0.0% |
| Reserves | 13 | €111,949 | €138,219 | +€26,271 | +23.5% |
| Non-distributable reserves | 130/1 | €6,289 | €7,603 | +€1,314 | +20.9% |
| Legal reserve | 130 | €6,289 | €7,603 | +€1,314 | +20.9% |
| Distributable reserves | 133 | €105,659 | €130,617 | +€24,957 | +23.6% |
| Amounts payable | 17/49 | €950,510 | €950,576 | +€66 | 0.0% |
| Amounts payable after more than one year | 17 | €930,000 | €930,000 | = | 0.0% |
| Financial debts | 170/4 | €780,000 | €780,000 | = | 0.0% |
| Other amounts payable | 178/9 | €150,000 | €150,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €8,982 | €8,763 | -€219 | -2.4% |
| Trade debts | 44 | €867 | €696 | -€171 | -19.7% |
| Suppliers | 440/4 | €867 | €696 | -€171 | -19.7% |
| Taxes, remuneration and social security | 45 | €196 | €1,847 | +€1,650 | +841.3% |
| Taxes | 450/3 | €196 | €1,847 | +€1,650 | +841.3% |
| Other amounts payable | 47/48 | €7,919 | €6,220 | -€1,699 | -21.4% |
| Accrued charges and deferred income | 492/3 | €11,528 | €11,813 | +€285 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,994 | €49,584 | -€2,409 | -4.6% |
| Other operating charges | 640/8 | €11,284 | €11,577 | +€293 | +2.6% |
| Gross operating margin | 9900 | €87,672 | €91,884 | +€4,212 | +4.8% |
| Operating profit (loss) | 9901 | €24,394 | €30,722 | +€6,328 | +25.9% |
| Financial income | 75/76B | €2,488 | €5,005 | +€2,517 | +101.2% |
| Recurring financial income | 75 | €2,488 | €5,005 | +€2,517 | +101.2% |
| Financial charges | 65/66B | €281 | €305 | +€24 | +8.4% |
| Recurring financial charges | 65 | €281 | €305 | +€24 | +8.4% |
| Profit (loss) for the period before taxes | 9903 | €26,601 | €35,423 | +€8,822 | +33.2% |
| Income taxes | 67/77 | €6,942 | €9,152 | +€2,209 | +31.8% |
| Profit (loss) for the period | 9904 | €19,659 | €26,271 | +€6,612 | +33.6% |
| Profit (loss) for the period to be appropriated | 9905 | €19,659 | €26,271 | +€6,612 | +33.6% |
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 28 September 2026 via checked.be.