MEDIWELL: 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.
MEDIWELL
Largest movements
- Receivables within one year -€63,087
down €63,087 (-48.3%), from €130,633 to €67,546
- Cash +€51,941
up €51,941 (+139.9%), from €37,133 to €89,074
mainly Receivables within one year (+€63,087) and Depreciation (+€15,490)
- Tangible fixed assets +€8,490
up €8,490 (+89.4%), from €9,495 to €17,985
- Reserves +€10,000
up €10,000 (+8.5%), from €117,000 to €127,000
- Tax, wage and social debts -€4,332
down €4,332 (-22.7%), from €19,120 to €14,788
- Current portion of long-term debt -€4,257
down €4,257 (-50.4%), from €8,449 to €4,192
- Trade debts -€2,750
down €2,750 (-25.9%), from €10,635 to €7,885
- Debts after one year -€2,508
no longer reported in 2025 (was €2,508)
- Gross operating margin -€61,088
down €61,088 (-64.1%), from €95,267 to €34,179
- Taxes -€14,246
down €14,246 (-73.3%), from €19,440 to €5,194
- Depreciation +€5,995
up €5,995 (+63.1%), from €9,495 to €15,490
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 | €177,636 | €174,980 | -€2,656 | -1.5% |
| Fixed assets | 21/28 | €9,870 | €18,360 | +€8,490 | +86.0% |
| Tangible fixed assets | 22/27 | €9,495 | €17,985 | +€8,490 | +89.4% |
| Furniture and vehicles | 24 | €9,495 | €17,985 | +€8,490 | +89.4% |
| Financial fixed assets | 28 | €375 | €375 | = | 0.0% |
| Current assets | 29/58 | €167,766 | €156,620 | -€11,146 | -6.6% |
| Amounts receivable within one year | 40/41 | €130,633 | €67,546 | -€63,087 | -48.3% |
| Other amounts receivable | 41 | €130,633 | €67,546 | -€63,087 | -48.3% |
| Cash at bank and in hand | 54/58 | €37,133 | €89,074 | +€51,941 | +139.9% |
| Total equity and liabilities | 10/49 | €177,636 | €174,980 | -€2,656 | -1.5% |
| Equity | 10/15 | €136,924 | €148,116 | +€11,192 | +8.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €117,000 | €127,000 | +€10,000 | +8.5% |
| Distributable reserves | 133 | €117,000 | €127,000 | +€10,000 | +8.5% |
| Profit (loss) carried forward | 14 | €7,524 | €8,716 | +€1,192 | +15.8% |
| Amounts payable | 17/49 | €40,712 | €26,864 | -€13,848 | -34.0% |
| Amounts payable after more than one year | 17 | €2,508 | - | -€2,508 | |
| Financial debts | 170/4 | €2,508 | - | -€2,508 | |
| Amounts payable within one year | 42/48 | €38,204 | €26,864 | -€11,340 | -29.7% |
| Current portion of amounts payable after more than one year | 42 | €8,449 | €4,192 | -€4,257 | -50.4% |
| Trade debts | 44 | €10,635 | €7,885 | -€2,750 | -25.9% |
| Suppliers | 440/4 | €10,635 | €7,885 | -€2,750 | -25.9% |
| Taxes, remuneration and social security | 45 | €19,120 | €14,788 | -€4,332 | -22.7% |
| Taxes | 450/3 | €19,120 | €14,788 | -€4,332 | -22.7% |
| Non-recurring operating income | 76A | €7,592 | €3,470 | -€4,122 | -54.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,495 | €15,490 | +€5,995 | +63.1% |
| Other operating charges | 640/8 | €571 | €1,088 | +€517 | +90.6% |
| Gross operating margin | 9900 | €95,267 | €34,179 | -€61,088 | -64.1% |
| Operating profit (loss) | 9901 | €85,201 | €17,601 | -€67,600 | -79.3% |
| Financial charges | 65/66B | €862 | €1,215 | +€353 | +41.0% |
| Recurring financial charges | 65 | €862 | €1,215 | +€353 | +41.0% |
| Profit (loss) for the period before taxes | 9903 | €84,339 | €16,385 | -€67,954 | -80.6% |
| Income taxes | 67/77 | €19,440 | €5,194 | -€14,246 | -73.3% |
| Profit (loss) for the period | 9904 | €64,899 | €11,192 | -€53,707 | -82.8% |
| Profit (loss) for the period to be appropriated | 9905 | €64,899 | €11,192 | -€53,707 | -82.8% |
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 9 October 2026 via checked.be.