MEDO: 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.
MEDO
Largest movements
- Tangible fixed assets -€11,480
down €11,480 (-4.0%), from €290,088 to €278,608
of which Furniture and vehicles: -€6,331
- Cash +€5,333
up €5,333 (+31.2%), from €17,097 to €22,430
mainly Depreciation (+€11,480) and Net result for the year (+€9,909)
- Debts after one year -€16,504
down €16,504 (-26.1%), from €63,228 to €46,724
of which Other amounts payable: -€10,000
- Reserves +€9,800
up €9,800 (+9.4%), from €103,750 to €113,550
of which Distributable reserves: +€12,300
- Taxes +€2,735
up €2,735 (+120.9%), from €2,262 to €4,997
- Gross operating margin +€1,021
up €1,021 (+3.0%), from €34,436 to €35,457
- Depreciation -€830
down €830 (-6.7%), from €12,310 to €11,480
- Financial charges -€544
down €544 (-15.1%), from €3,599 to €3,055
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 | €310,666 | €301,680 | -€8,986 | -2.9% |
| Fixed assets | 21/28 | €290,088 | €278,608 | -€11,480 | -4.0% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €290,088 | €278,608 | -€11,480 | -4.0% |
| Land and buildings | 22 | €272,609 | €267,460 | -€5,149 | -1.9% |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | €17,479 | €11,148 | -€6,331 | -36.2% |
| Current assets | 29/58 | €20,578 | €23,073 | +€2,495 | +12.1% |
| Amounts receivable within one year | 40/41 | €2,338 | - | -€2,338 | |
| Other amounts receivable | 41 | €2,338 | - | -€2,338 | |
| Cash at bank and in hand | 54/58 | €17,097 | €22,430 | +€5,333 | +31.2% |
| Deferred charges and accrued income | 490/1 | €1,143 | €643 | -€500 | -43.8% |
| Total equity and liabilities | 10/49 | €310,666 | €301,680 | -€8,986 | -2.9% |
| Equity | 10/15 | €226,208 | €236,117 | +€9,909 | +4.4% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €103,750 | €113,550 | +€9,800 | +9.4% |
| Non-distributable reserves | 130/1 | €2,500 | - | -€2,500 | |
| Reserves not available under the articles | 1311 | €2,500 | - | -€2,500 | |
| Distributable reserves | 133 | €101,250 | €113,550 | +€12,300 | +12.1% |
| Profit (loss) carried forward | 14 | €97,458 | €97,567 | +€109 | +0.1% |
| Amounts payable | 17/49 | €84,458 | €65,563 | -€18,895 | -22.4% |
| Amounts payable after more than one year | 17 | €63,228 | €46,724 | -€16,504 | -26.1% |
| Financial debts | 170/4 | €13,228 | €6,724 | -€6,504 | -49.2% |
| Other amounts payable | 178/9 | €50,000 | €40,000 | -€10,000 | -20.0% |
| Amounts payable within one year | 42/48 | €10,910 | €11,572 | +€662 | +6.1% |
| Current portion of amounts payable after more than one year | 42 | €6,835 | €6,504 | -€331 | -4.8% |
| Trade debts | 44 | €176 | €448 | +€272 | +154.3% |
| Suppliers | 440/4 | €176 | €448 | +€272 | +154.3% |
| Taxes, remuneration and social security | 45 | €3,000 | €4,497 | +€1,497 | +49.9% |
| Taxes | 450/3 | - | €1,497 | +€1,497 | |
| Remuneration and social security | 454/9 | €3,000 | €3,000 | = | 0.0% |
| Other amounts payable | 47/48 | €899 | €124 | -€775 | -86.3% |
| Accrued charges and deferred income | 492/3 | €10,320 | €7,267 | -€3,053 | -29.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,310 | €11,480 | -€830 | -6.7% |
| Other operating charges | 640/8 | €5,787 | €6,015 | +€228 | +3.9% |
| Gross operating margin | 9900 | €34,436 | €35,457 | +€1,021 | +3.0% |
| Operating profit (loss) | 9901 | €16,339 | €17,962 | +€1,623 | +9.9% |
| Financial charges | 65/66B | €3,599 | €3,055 | -€544 | -15.1% |
| Recurring financial charges | 65 | €3,599 | €3,055 | -€544 | -15.1% |
| Profit (loss) for the period before taxes | 9903 | €12,740 | €14,906 | +€2,166 | +17.0% |
| Income taxes | 67/77 | €2,262 | €4,997 | +€2,735 | +120.9% |
| Profit (loss) for the period | 9904 | €10,478 | €9,909 | -€569 | -5.4% |
| Profit (loss) for the period to be appropriated | 9905 | €10,478 | €9,909 | -€569 | -5.4% |
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 9 October 2026 via checked.be.