MEDIVO: 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.
MEDIVO
Largest movements
- Receivables within one year -€508,403
down €508,403 (-27.5%), from €1.8m to €1.3m
of which Other amounts receivable: -€508,403
- Tangible fixed assets -€148,851
down €148,851 (-10.5%), from €1.4m to €1.3m
of which Land and buildings: -€107,591
- Deferred charges and accrued income -€125,825
down €125,825 (-40.7%), from €309,314 to €183,489
- Cash +€95,138
up €95,138 (+14.1%), from €673,409 to €768,546
mainly Receivables within one year (+€508,403) and Depreciation (+€152,151)
- Other debts -€713,017
down €713,017 (-39.3%), from €1.8m to €1.1m
- Accrued charges and deferred income +€56,526
up €56,526 (+114%), from €49,529 to €106,055
- Gross operating margin +€52,416
up €52,416 (+36.0%), from €145,491 to €197,907
- Other operating charges +€29,725
up €29,725 (+160%), from €18,595 to €48,320
- Financial income -€29,137
down €29,137 (-37.9%), from €76,850 to €47,713
- Financial charges -€6,681
down €6,681 (-18.6%), from €35,831 to €29,149
- Depreciation -€3,681
down €3,681 (-2.4%), from €155,832 to €152,151
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.
Derived cash bridge
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 | €4,246,308 | €3,558,366 | -€687,942 | -16.2% |
| Fixed assets | 21/28 | €1,414,826 | €1,265,975 | -€148,851 | -10.5% |
| Tangible fixed assets | 22/27 | €1,414,576 | €1,265,725 | -€148,851 | -10.5% |
| Land and buildings | 22 | €1,357,978 | €1,250,387 | -€107,591 | -7.9% |
| Plant, machinery and equipment | 23 | €39,792 | €9,723 | -€30,069 | -75.6% |
| Furniture and vehicles | 24 | €16,806 | €5,615 | -€11,191 | -66.6% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €2,831,482 | €2,292,392 | -€539,091 | -19.0% |
| Amounts receivable within one year | 40/41 | €1,848,760 | €1,340,357 | -€508,403 | -27.5% |
| Trade receivables | 40 | €154,298 | €154,298 | = | 0.0% |
| Other amounts receivable | 41 | €1,694,462 | €1,186,059 | -€508,403 | -30.0% |
| Cash at bank and in hand | 54/58 | €673,409 | €768,546 | +€95,138 | +14.1% |
| Deferred charges and accrued income | 490/1 | €309,314 | €183,489 | -€125,825 | -40.7% |
| Total equity and liabilities | 10/49 | €4,246,308 | €3,558,366 | -€687,942 | -16.2% |
| Equity | 10/15 | €2,277,670 | €2,270,455 | -€7,215 | -0.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €2,221,200 | €2,221,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €2,215,000 | €2,215,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,530 | -€12,745 | -€7,215 | -130% |
| Amounts payable | 17/49 | €1,968,638 | €1,287,912 | -€680,726 | -34.6% |
| Amounts payable within one year | 42/48 | €1,919,109 | €1,181,857 | -€737,252 | -38.4% |
| Trade debts | 44 | €25,851 | €1,934 | -€23,917 | -92.5% |
| Suppliers | 440/4 | €25,851 | €1,934 | -€23,917 | -92.5% |
| Taxes, remuneration and social security | 45 | €81,159 | €80,841 | -€318 | -0.4% |
| Taxes | 450/3 | €80,554 | €79,996 | -€558 | -0.7% |
| Remuneration and social security | 454/9 | €605 | €845 | +€240 | +39.7% |
| Other amounts payable | 47/48 | €1,812,099 | €1,099,082 | -€713,017 | -39.3% |
| Accrued charges and deferred income | 492/3 | €49,529 | €106,055 | +€56,526 | +114% |
| Remuneration, social security and pensions | 62 | €21,391 | €23,214 | +€1,824 | +8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €155,832 | €152,151 | -€3,681 | -2.4% |
| Other operating charges | 640/8 | €18,595 | €48,320 | +€29,725 | +160% |
| Gross operating margin | 9900 | €145,491 | €197,907 | +€52,416 | +36.0% |
| Operating profit (loss) | 9901 | -€50,327 | -€25,779 | +€24,548 | +48.8% |
| Financial income | 75/76B | €76,850 | €47,713 | -€29,137 | -37.9% |
| Recurring financial income | 75 | €76,850 | €47,713 | -€29,137 | -37.9% |
| Financial charges | 65/66B | €35,831 | €29,149 | -€6,681 | -18.6% |
| Recurring financial charges | 65 | €35,831 | €29,149 | -€6,681 | -18.6% |
| Profit (loss) for the period before taxes | 9903 | -€9,308 | -€7,215 | +€2,092 | +22.5% |
| Income taxes | 67/77 | €64 | - | -€64 | |
| Profit (loss) for the period | 9904 | -€9,372 | -€7,215 | +€2,157 | +23.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,372 | -€7,215 | +€2,157 | +23.0% |
Source: filed annual accounts (NBB), financial years ended 31 October 2024 and 31 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.