Mediwe: 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.
Mediwe
Largest movements
- Current investments +€199,384
up €199,384 (+37.9%), from €526,722 to €726,106
- Cash -€103,804
down €103,804 (-22.0%), from €471,551 to €367,747
mainly Investment in fixed assets (net) (-€202,017) and Current investments (-€199,384)
- Tangible fixed assets +€36,885
up €36,885 (+614.5%), from €6,002 to €42,887
of which Furniture and vehicles: +€37,721
- Receivables within one year +€24,827
up €24,827 (+5.5%), from €454,087 to €478,914
- Profit (loss) carried forward +€141,899
up €141,899 (+11.2%), from €1.3m to €1.4m
- Provisions +€20,000
new in 2025: €20,000
- Turnover +€307,305
up €307,305 (+10.4%), from €2.9m to €3.3m
- Purchases and services +€214,167
up €214,167 (+10.3%), from €2.1m to €2.3m
- Staff costs +€133,242
up €133,242 (+26.5%), from €502,440 to €635,682
- Gross operating margin +€95,665
up €95,665 (+11.1%), from €861,584 to €957,249
- Financial income -€38,953
down €38,953 (-96.9%), from €40,199 to €1,246
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 | €1,677,828 | €1,851,817 | +€173,989 | +10.4% |
| Fixed assets | 21/28 | €209,222 | €260,580 | +€51,358 | +24.5% |
| Intangible fixed assets | 21 | €203,220 | €217,693 | +€14,473 | +7.1% |
| Tangible fixed assets | 22/27 | €6,002 | €42,887 | +€36,885 | +614.5% |
| Plant, machinery and equipment | 23 | €5,335 | €4,499 | -€836 | -15.7% |
| Furniture and vehicles | 24 | €667 | €38,388 | +€37,721 | +5655.4% |
| Current assets | 29/58 | €1,468,606 | €1,591,237 | +€122,631 | +8.4% |
| Amounts receivable within one year | 40/41 | €454,087 | €478,914 | +€24,827 | +5.5% |
| Trade receivables | 40 | €454,087 | €478,914 | +€24,827 | +5.5% |
| Current investments | 50/53 | €526,722 | €726,106 | +€199,384 | +37.9% |
| Cash at bank and in hand | 54/58 | €471,551 | €367,747 | -€103,804 | -22.0% |
| Deferred charges and accrued income | 490/1 | €16,247 | €18,471 | +€2,224 | +13.7% |
| Total equity and liabilities | 10/49 | €1,677,828 | €1,851,817 | +€173,989 | +10.4% |
| Equity | 10/15 | €1,355,763 | €1,497,662 | +€141,899 | +10.5% |
| Contributions | 10/11 | €81,805 | €81,805 | = | 0.0% |
| Capital | 10 | €81,805 | €81,805 | = | 0.0% |
| Reserves | 13 | €5,080 | €5,080 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,268,878 | €1,410,777 | +€141,899 | +11.2% |
| Provisions and deferred taxes | 16 | - | €20,000 | +€20,000 | |
| Provisions for liabilities and charges | 160/5 | - | €20,000 | +€20,000 | |
| Other liabilities and charges | 164/5 | - | €20,000 | +€20,000 | |
| Amounts payable | 17/49 | €322,065 | €334,154 | +€12,089 | +3.8% |
| Amounts payable within one year | 42/48 | €320,543 | €330,481 | +€9,938 | +3.1% |
| Trade debts | 44 | €213,051 | €212,605 | -€446 | -0.2% |
| Suppliers | 440/4 | €213,051 | €212,605 | -€446 | -0.2% |
| Taxes, remuneration and social security | 45 | €107,492 | €117,875 | +€10,384 | +9.7% |
| Taxes | 450/3 | €29,784 | €36,915 | +€7,131 | +23.9% |
| Remuneration and social security | 454/9 | €77,708 | €80,960 | +€3,253 | +4.2% |
| Accrued charges and deferred income | 492/3 | €1,522 | €3,674 | +€2,152 | +141.4% |
| Turnover | 70 | €2,949,344 | €3,256,649 | +€307,305 | +10.4% |
| Non-recurring operating income | 76A | €414 | - | -€414 | |
| Goods, raw materials, services and sundry goods | 60/61 | €2,088,174 | €2,302,341 | +€214,167 | +10.3% |
| Remuneration, social security and pensions | 62 | €502,440 | €635,682 | +€133,242 | +26.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €112,251 | €150,660 | +€38,409 | +34.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,000 | - | +€2,000 | |
| Other operating charges | 640/8 | €4,398 | €1,504 | -€2,895 | -65.8% |
| Non-recurring operating charges | 66A | €1,361 | - | -€1,361 | |
| Gross operating margin | 9900 | €861,584 | €957,249 | +€95,665 | +11.1% |
| Operating profit (loss) | 9901 | €243,134 | €149,403 | -€93,731 | -38.6% |
| Financial income | 75/76B | €40,199 | €1,246 | -€38,953 | -96.9% |
| Recurring financial income | 75 | €40,199 | €1,246 | -€38,953 | -96.9% |
| Financial charges | 65/66B | €7,865 | €5,431 | -€2,434 | -31.0% |
| Recurring financial charges | 65 | €7,865 | €5,431 | -€2,434 | -31.0% |
| Profit (loss) for the period before taxes | 9903 | €275,468 | €145,218 | -€130,250 | -47.3% |
| Income taxes | 67/77 | €1,625 | €3,319 | +€1,694 | +104.3% |
| Profit (loss) for the period | 9904 | €273,843 | €141,899 | -€131,944 | -48.2% |
| Profit (loss) for the period to be appropriated | 9905 | €273,843 | €141,899 | -€131,944 | -48.2% |
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 4 October 2026 via checked.be.