MEDMEX: 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.
MEDMEX
Largest movements
- Cash -€112,384
down €112,384 (-48.4%), from €232,411 to €120,027
mainly Other debts (-€120,000) and Stocks and contracts (-€60,364)
- Stocks and contracts +€60,364
up €60,364 (+44.6%), from €135,291 to €195,655
- Receivables within one year -€22,446
down €22,446 (-3.0%), from €738,124 to €715,677
of which Other amounts receivable: -€21,323
- Profit (loss) carried forward +€125,987
up €125,987 (+22.9%), from €549,960 to €675,947
- Other debts -€120,000
no longer reported in 2025 (was €120,000)
- Short-term financial debts -€50,499
down €50,499 (-57.1%), from €88,493 to €37,994
- Current portion of long-term debt -€46,509
down €46,509 (-84.3%), from €55,174 to €8,665
- Trade debts +€21,942
up €21,942 (+8.3%), from €265,719 to €287,661
- Gross operating margin -€91,415
down €91,415 (-24.0%), from €380,116 to €288,701
- Staff costs +€11,053
up €11,053 (+11.3%), from €98,239 to €109,293
- Taxes +€4,429
up €4,429 (+11.2%), from €39,541 to €43,970
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 | €1,110,559 | €1,033,832 | -€76,727 | -6.9% |
| Fixed assets | 21/28 | €4,732 | €2,381 | -€2,352 | -49.7% |
| Tangible fixed assets | 22/27 | €4,732 | €2,381 | -€2,352 | -49.7% |
| Plant, machinery and equipment | 23 | €2,995 | €1,410 | -€1,584 | -52.9% |
| Furniture and vehicles | 24 | €1,738 | €970 | -€767 | -44.2% |
| Current assets | 29/58 | €1,105,826 | €1,031,451 | -€74,375 | -6.7% |
| Stocks and contracts in progress | 3 | €135,291 | €195,655 | +€60,364 | +44.6% |
| Stocks | 30/36 | €135,291 | €195,655 | +€60,364 | +44.6% |
| Amounts receivable within one year | 40/41 | €738,124 | €715,677 | -€22,446 | -3.0% |
| Trade receivables | 40 | €144,988 | €143,865 | -€1,123 | -0.8% |
| Other amounts receivable | 41 | €593,136 | €571,812 | -€21,323 | -3.6% |
| Cash at bank and in hand | 54/58 | €232,411 | €120,027 | -€112,384 | -48.4% |
| Deferred charges and accrued income | 490/1 | - | €91 | +€91 | |
| Total equity and liabilities | 10/49 | €1,110,559 | €1,033,832 | -€76,727 | -6.9% |
| Equity | 10/15 | €558,015 | €684,002 | +€125,987 | +22.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €549,960 | €675,947 | +€125,987 | +22.9% |
| Amounts payable | 17/49 | €552,544 | €349,830 | -€202,714 | -36.7% |
| Amounts payable after more than one year | 17 | €13,233 | - | -€13,233 | |
| Financial debts | 170/4 | €13,233 | - | -€13,233 | |
| Amounts payable within one year | 42/48 | €539,311 | €349,830 | -€189,481 | -35.1% |
| Current portion of amounts payable after more than one year | 42 | €55,174 | €8,665 | -€46,509 | -84.3% |
| Financial debts | 43 | €88,493 | €37,994 | -€50,499 | -57.1% |
| Credit institutions | 430/8 | €88,493 | €37,994 | -€50,499 | -57.1% |
| Trade debts | 44 | €265,719 | €287,661 | +€21,942 | +8.3% |
| Suppliers | 440/4 | €265,719 | €287,661 | +€21,942 | +8.3% |
| Taxes, remuneration and social security | 45 | €9,925 | €15,510 | +€5,585 | +56.3% |
| Taxes | 450/3 | - | €3,970 | +€3,970 | |
| Remuneration and social security | 454/9 | €9,925 | €11,540 | +€1,615 | +16.3% |
| Other amounts payable | 47/48 | €120,000 | - | -€120,000 | |
| Remuneration, social security and pensions | 62 | €98,239 | €109,293 | +€11,053 | +11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,979 | €2,352 | +€373 | +18.9% |
| Other operating charges | 640/8 | - | €15 | +€15 | |
| Gross operating margin | 9900 | €380,116 | €288,701 | -€91,415 | -24.0% |
| Operating profit (loss) | 9901 | €279,898 | €177,042 | -€102,856 | -36.7% |
| Financial charges | 65/66B | €10,211 | €7,085 | -€3,126 | -30.6% |
| Recurring financial charges | 65 | €10,211 | €7,085 | -€3,126 | -30.6% |
| Profit (loss) for the period before taxes | 9903 | €269,688 | €169,958 | -€99,730 | -37.0% |
| Income taxes | 67/77 | €39,541 | €43,970 | +€4,429 | +11.2% |
| Profit (loss) for the period | 9904 | €230,147 | €125,987 | -€104,159 | -45.3% |
| Profit (loss) for the period to be appropriated | 9905 | €230,147 | €125,987 | -€104,159 | -45.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.