MEDIVOL: 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.
MEDIVOL
Largest movements
- Tangible fixed assets -€49,821
down €49,821 (-4.4%), from €1.1m to €1.1m
of which Land and buildings: -€34,763
- Deferred charges and accrued income -€34,298
down €34,298 (-92.3%), from €37,176 to €2,878
- Debts after one year -€71,458
down €71,458 (-8.1%), from €880,082 to €808,624
- Gross operating margin -€62,226
down €62,226 (-37.9%), from €163,977 to €101,751
- Taxes -€15,940
no longer reported in 2025 (was €15,940)
- Staff costs +€5,308
up €5,308 (+19.9%), from €26,696 to €32,004
- Other operating charges +€2,626
up €2,626 (+112%), from €2,341 to €4,967
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 | €1,197,726 | €1,118,575 | -€79,151 | -6.6% |
| Fixed assets | 21/28 | €1,134,425 | €1,084,604 | -€49,821 | -4.4% |
| Tangible fixed assets | 22/27 | €1,134,425 | €1,084,604 | -€49,821 | -4.4% |
| Land and buildings | 22 | €1,062,156 | €1,027,392 | -€34,763 | -3.3% |
| Plant, machinery and equipment | 23 | €72,270 | €57,212 | -€15,057 | -20.8% |
| Current assets | 29/58 | €63,301 | €33,971 | -€29,330 | -46.3% |
| Amounts receivable within one year | 40/41 | - | €9,251 | +€9,251 | |
| Trade receivables | 40 | - | €109 | +€109 | |
| Other amounts receivable | 41 | - | €9,142 | +€9,142 | |
| Cash at bank and in hand | 54/58 | €26,124 | €21,841 | -€4,283 | -16.4% |
| Deferred charges and accrued income | 490/1 | €37,176 | €2,878 | -€34,298 | -92.3% |
| Total equity and liabilities | 10/49 | €1,197,726 | €1,118,575 | -€79,151 | -6.6% |
| Equity | 10/15 | €233,365 | €233,066 | -€298 | -0.1% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €113,365 | €113,066 | -€298 | -0.3% |
| Amounts payable | 17/49 | €964,361 | €885,509 | -€78,852 | -8.2% |
| Amounts payable after more than one year | 17 | €880,082 | €808,624 | -€71,458 | -8.1% |
| Financial debts | 170/4 | €880,082 | €808,624 | -€71,458 | -8.1% |
| Amounts payable within one year | 42/48 | €84,279 | €76,885 | -€7,394 | -8.8% |
| Current portion of amounts payable after more than one year | 42 | €70,271 | €71,458 | +€1,187 | +1.7% |
| Trade debts | 44 | €1,091 | €1,778 | +€687 | +63.0% |
| Suppliers | 440/4 | €1,091 | €1,778 | +€687 | +63.0% |
| Taxes, remuneration and social security | 45 | €11,418 | €2,149 | -€9,269 | -81.2% |
| Taxes | 450/3 | €8,927 | - | -€8,927 | |
| Remuneration and social security | 454/9 | €2,490 | €2,149 | -€341 | -13.7% |
| Other amounts payable | 47/48 | €1,500 | €1,500 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €26,696 | €32,004 | +€5,308 | +19.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,093 | €49,821 | +€728 | +1.5% |
| Other operating charges | 640/8 | €2,341 | €4,967 | +€2,626 | +112% |
| Gross operating margin | 9900 | €163,977 | €101,751 | -€62,226 | -37.9% |
| Operating profit (loss) | 9901 | €85,848 | €14,959 | -€70,888 | -82.6% |
| Financial income | 75/76B | €41 | €474 | +€433 | +1,051% |
| Recurring financial income | 75 | €41 | €474 | +€433 | +1,051% |
| Financial charges | 65/66B | €16,927 | €15,731 | -€1,195 | -7.1% |
| Recurring financial charges | 65 | €16,927 | €15,731 | -€1,195 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | €68,962 | -€298 | -€69,260 | |
| Income taxes | 67/77 | €15,940 | - | -€15,940 | |
| Profit (loss) for the period | 9904 | €53,022 | -€298 | -€53,321 | |
| Profit (loss) for the period to be appropriated | 9905 | €53,022 | -€298 | -€53,321 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.