MediVaes: 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.
MediVaes
Largest movements
- Cash +€57,032
up €57,032 (+51.4%), from €110,941 to €167,973
mainly Net result for the year (+€73,496) and Depreciation (+€17,410)
- Tangible fixed assets -€17,410
down €17,410 (-50.0%), from €34,831 to €17,420
- Deferred charges and accrued income +€3,662
up €3,662 (+11.4%), from €32,201 to €35,863
- Profit (loss) carried forward +€73,496
up €73,496 (+96.8%), from €75,921 to €149,416
- Other debts -€16,084
down €16,084 (-48.8%), from €32,928 to €16,844
- Tax, wage and social debts -€12,957
down €12,957 (-35.5%), from €36,460 to €23,503
- Gross operating margin +€24,726
up €24,726 (+28.8%), from €85,992 to €110,718
- Taxes +€5,049
up €5,049 (+34.5%), from €14,614 to €19,662
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 | €177,973 | €221,257 | +€43,284 | +24.3% |
| Fixed assets | 21/28 | €34,831 | €17,420 | -€17,410 | -50.0% |
| Tangible fixed assets | 22/27 | €34,831 | €17,420 | -€17,410 | -50.0% |
| Furniture and vehicles | 24 | €34,831 | €17,420 | -€17,410 | -50.0% |
| Current assets | 29/58 | €143,142 | €203,836 | +€60,694 | +42.4% |
| Cash at bank and in hand | 54/58 | €110,941 | €167,973 | +€57,032 | +51.4% |
| Deferred charges and accrued income | 490/1 | €32,201 | €35,863 | +€3,662 | +11.4% |
| Total equity and liabilities | 10/49 | €177,973 | €221,257 | +€43,284 | +24.3% |
| Equity | 10/15 | €106,021 | €179,516 | +€73,496 | +69.3% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €30,000 | €30,000 | = | 0.0% |
| Distributable reserves | 133 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €75,921 | €149,416 | +€73,496 | +96.8% |
| Amounts payable | 17/49 | €71,952 | €41,740 | -€30,211 | -42.0% |
| Amounts payable within one year | 42/48 | €71,952 | €41,740 | -€30,211 | -42.0% |
| Trade debts | 44 | €2,564 | €1,394 | -€1,170 | -45.6% |
| Suppliers | 440/4 | €2,564 | €1,394 | -€1,170 | -45.6% |
| Taxes, remuneration and social security | 45 | €36,460 | €23,503 | -€12,957 | -35.5% |
| Taxes | 450/3 | €36,460 | €23,503 | -€12,957 | -35.5% |
| Other amounts payable | 47/48 | €32,928 | €16,844 | -€16,084 | -48.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,940 | €17,410 | +€470 | +2.8% |
| Other operating charges | 640/8 | €387 | - | -€387 | |
| Gross operating margin | 9900 | €85,992 | €110,718 | +€24,726 | +28.8% |
| Operating profit (loss) | 9901 | €68,665 | €93,308 | +€24,643 | +35.9% |
| Financial charges | 65/66B | €135 | €150 | +€15 | +10.9% |
| Recurring financial charges | 65 | €135 | €150 | +€15 | +10.9% |
| Profit (loss) for the period before taxes | 9903 | €68,530 | €93,158 | +€24,628 | +35.9% |
| Income taxes | 67/77 | €14,614 | €19,662 | +€5,049 | +34.5% |
| Profit (loss) for the period | 9904 | €53,916 | €73,496 | +€19,580 | +36.3% |
| Profit (loss) for the period to be appropriated | 9905 | €53,916 | €73,496 | +€19,580 | +36.3% |
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 3 October 2026 via checked.be.