MedMN: 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.
MedMN
Largest movements
- Tangible fixed assets +€40,391
new in 2025: €40,391
- Cash +€25,762
up €25,762 (+16.1%), from €160,174 to €185,936
mainly Net result for the year (+€64,354) and Receivables within one year (+€6,888)
- Receivables within one year -€6,888
down €6,888 (-11.0%), from €62,820 to €55,932
of which Trade receivables: -€6,888
- Reserves +€64,300
up €64,300 (+33.1%), from €194,500 to €258,800
- Trade debts -€3,220
down €3,220 (-78.7%), from €4,093 to €873
- Gross operating margin -€4,209
down €4,209 (-4.7%), from €88,925 to €84,716
- Depreciation +€3,208
up €3,208, from €0 to €3,208
- Taxes -€1,264
down €1,264 (-7.0%), from €18,036 to €16,771
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 | €227,206 | €287,215 | +€60,008 | +26.4% |
| Fixed assets | 21/28 | €3,750 | €44,141 | +€40,391 | +1077.1% |
| Tangible fixed assets | 22/27 | - | €40,391 | +€40,391 | |
| Furniture and vehicles | 24 | - | €40,391 | +€40,391 | |
| Financial fixed assets | 28 | €3,750 | €3,750 | = | 0.0% |
| Current assets | 29/58 | €223,456 | €243,073 | +€19,617 | +8.8% |
| Amounts receivable within one year | 40/41 | €62,820 | €55,932 | -€6,888 | -11.0% |
| Trade receivables | 40 | €53,820 | €46,932 | -€6,888 | -12.8% |
| Other amounts receivable | 41 | €9,000 | €9,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €160,174 | €185,936 | +€25,762 | +16.1% |
| Deferred charges and accrued income | 490/1 | €462 | €1,205 | +€743 | +161.1% |
| Total equity and liabilities | 10/49 | €227,206 | €287,215 | +€60,008 | +26.4% |
| Equity | 10/15 | €199,516 | €263,870 | +€64,354 | +32.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €194,500 | €258,800 | +€64,300 | +33.1% |
| Distributable reserves | 133 | €194,500 | €258,800 | +€64,300 | +33.1% |
| Profit (loss) carried forward | 14 | €16 | €70 | +€54 | +334.8% |
| Amounts payable | 17/49 | €27,690 | €23,344 | -€4,346 | -15.7% |
| Amounts payable within one year | 42/48 | €27,550 | €23,244 | -€4,306 | -15.6% |
| Trade debts | 44 | €4,093 | €873 | -€3,220 | -78.7% |
| Suppliers | 440/4 | €4,093 | €873 | -€3,220 | -78.7% |
| Taxes, remuneration and social security | 45 | €20,736 | €19,471 | -€1,264 | -6.1% |
| Taxes | 450/3 | €20,736 | €19,471 | -€1,264 | -6.1% |
| Other amounts payable | 47/48 | €2,721 | €2,900 | +€178 | +6.6% |
| Accrued charges and deferred income | 492/3 | €140 | €100 | -€40 | -28.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €3,208 | +€3,208 | |
| Other operating charges | 640/8 | €50 | €175 | +€125 | +250.4% |
| Gross operating margin | 9900 | €88,925 | €84,716 | -€4,209 | -4.7% |
| Operating profit (loss) | 9901 | €88,875 | €81,333 | -€7,541 | -8.5% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €233 | €208 | -€25 | -10.8% |
| Recurring financial charges | 65 | €233 | €208 | -€25 | -10.8% |
| Profit (loss) for the period before taxes | 9903 | €88,642 | €81,126 | -€7,516 | -8.5% |
| Income taxes | 67/77 | €18,036 | €16,771 | -€1,264 | -7.0% |
| Profit (loss) for the period | 9904 | €70,606 | €64,354 | -€6,252 | -8.9% |
| Profit (loss) for the period to be appropriated | 9905 | €70,606 | €64,354 | -€6,252 | -8.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.