MEDLAM: 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.
MEDLAM
Largest movements
- Cash +€46,542
up €46,542 (+450%), from €10,337 to €56,878
mainly Current investments (+€32,000) and Depreciation (+€12,604)
- Current investments -€32,000
down €32,000 (-7.0%), from €458,694 to €426,694
- Tangible fixed assets -€12,604
down €12,604 (-9.5%), from €132,806 to €120,202
of which Land and buildings: -€8,584
No liability line moved by more than 1% of the balance sheet total.
- Other operating charges -€13,597
down €13,597 (-88.7%), from €15,337 to €1,741
- Gross operating margin -€9,267
down €9,267 (-70.7%), from €13,113 to €3,846
- Financial income +€6,416
up €6,416 (+100%), from €6,390 to €12,806
- Depreciation -€1,684
down €1,684 (-11.8%), from €14,288 to €12,604
- Financial charges -€186
down €186 (-76.2%), from €245 to €58
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 | €603,502 | €604,082 | +€580 | +0.1% |
| Fixed assets | 21/28 | €132,806 | €120,202 | -€12,604 | -9.5% |
| Tangible fixed assets | 22/27 | €132,806 | €120,202 | -€12,604 | -9.5% |
| Land and buildings | 22 | €123,424 | €114,840 | -€8,584 | -7.0% |
| Plant, machinery and equipment | 23 | €4,878 | €2,629 | -€2,249 | -46.1% |
| Furniture and vehicles | 24 | €4,504 | €2,734 | -€1,770 | -39.3% |
| Current assets | 29/58 | €470,696 | €483,879 | +€13,183 | +2.8% |
| Amounts receivable within one year | 40/41 | €1,371 | - | -€1,371 | |
| Other amounts receivable | 41 | €1,371 | - | -€1,371 | |
| Current investments | 50/53 | €458,694 | €426,694 | -€32,000 | -7.0% |
| Cash at bank and in hand | 54/58 | €10,337 | €56,878 | +€46,542 | +450% |
| Deferred charges and accrued income | 490/1 | €294 | €306 | +€13 | +4.3% |
| Total equity and liabilities | 10/49 | €603,502 | €604,082 | +€580 | +0.1% |
| Equity | 10/15 | €601,425 | €603,674 | +€2,249 | +0.4% |
| Contributions | 10/11 | €82,600 | €82,600 | = | 0.0% |
| Capital | 10 | €82,600 | €82,600 | = | 0.0% |
| Issued capital | 100 | €88,800 | €88,800 | = | 0.0% |
| Uncalled capital | 101 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €505,880 | €505,880 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,880 | €8,880 | = | 0.0% |
| Legal reserve | 130 | €8,880 | €8,880 | = | 0.0% |
| Distributable reserves | 133 | €497,000 | €497,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,945 | €15,194 | +€2,249 | +17.4% |
| Amounts payable | 17/49 | €2,077 | €408 | -€1,669 | -80.4% |
| Amounts payable within one year | 42/48 | €2,077 | €408 | -€1,669 | -80.4% |
| Trade debts | 44 | €563 | €408 | -€155 | -27.6% |
| Suppliers | 440/4 | €563 | €408 | -€155 | -27.6% |
| Other amounts payable | 47/48 | €1,514 | - | -€1,514 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,288 | €12,604 | -€1,684 | -11.8% |
| Other operating charges | 640/8 | €15,337 | €1,741 | -€13,597 | -88.7% |
| Gross operating margin | 9900 | €13,113 | €3,846 | -€9,267 | -70.7% |
| Operating profit (loss) | 9901 | -€16,512 | -€10,499 | +€6,013 | +36.4% |
| Financial income | 75/76B | €6,390 | €12,806 | +€6,416 | +100% |
| Recurring financial income | 75 | €6,390 | €12,806 | +€6,416 | +100% |
| Financial charges | 65/66B | €245 | €58 | -€186 | -76.2% |
| Recurring financial charges | 65 | €245 | €58 | -€186 | -76.2% |
| Profit (loss) for the period before taxes | 9903 | -€10,366 | €2,249 | +€12,615 | |
| Income taxes | 67/77 | €2 | - | -€2 | |
| Profit (loss) for the period | 9904 | -€10,369 | €2,249 | +€12,618 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,369 | €2,249 | +€12,618 |
Source: filed annual accounts (NBB), financial years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.