Medo Management: 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 Management
Largest movements
- Receivables within one year +€223,484
up €223,484 (+717%), from €31,176 to €254,660
of which Other amounts receivable: +€238,004
- Tangible fixed assets +€208,451
up €208,451 (+1,145%), from €18,199 to €226,650
of which Land and buildings: +€210,344
- Reserves +€264,477
up €264,477 (+253%), from €104,470 to €368,947
- Debts after one year +€130,230
up €130,230 (+170%), from €76,733 to €206,962
- Other debts +€20,178
up €20,178 (+169%), from €11,956 to €32,134
- Short-term financial debts +€18,375
new in 2025: €18,375
- Financial income +€265,629
up €265,629 (+26,901%), from €987 to €266,616
- Taxes +€15,485
up €15,485 (+86.0%), from €18,008 to €33,493
- Gross operating margin -€15,242
down €15,242 (-25.2%), from €60,453 to €45,212
- Financial charges +€3,636
up €3,636 (+198%), from €1,833 to €5,469
- Depreciation +€2,664
up €2,664 (+51.2%), from €5,198 to €7,862
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 | €240,852 | €674,370 | +€433,518 | +180% |
| Formation expenses | 20 | €189 | €10 | -€179 | -94.8% |
| Fixed assets | 21/28 | €177,177 | €385,628 | +€208,451 | +118% |
| Tangible fixed assets | 22/27 | €18,199 | €226,650 | +€208,451 | +1,145% |
| Land and buildings | 22 | €14,132 | €224,476 | +€210,344 | +1,488% |
| Furniture and vehicles | 24 | €4,066 | €2,174 | -€1,892 | -46.5% |
| Financial fixed assets | 28 | €158,978 | €158,978 | = | 0.0% |
| Current assets | 29/58 | €63,486 | €288,732 | +€225,246 | +355% |
| Amounts receivable within one year | 40/41 | €31,176 | €254,660 | +€223,484 | +717% |
| Trade receivables | 40 | €14,520 | €0 | -€14,520 | -100% |
| Other amounts receivable | 41 | €16,656 | €254,660 | +€238,004 | +1,429% |
| Cash at bank and in hand | 54/58 | €30,225 | €33,965 | +€3,740 | +12.4% |
| Deferred charges and accrued income | 490/1 | €2,085 | €107 | -€1,978 | -94.9% |
| Total equity and liabilities | 10/49 | €240,852 | €674,370 | +€433,518 | +180% |
| Equity | 10/15 | €107,470 | €371,947 | +€264,477 | +246% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €104,470 | €368,947 | +€264,477 | +253% |
| Distributable reserves | 133 | €104,470 | €368,947 | +€264,477 | +253% |
| Amounts payable | 17/49 | €133,382 | €302,423 | +€169,041 | +127% |
| Amounts payable after more than one year | 17 | €76,733 | €206,962 | +€130,230 | +170% |
| Financial debts | 170/4 | €76,733 | €206,962 | +€130,230 | +170% |
| Amounts payable within one year | 42/48 | €56,649 | €95,461 | +€38,812 | +68.5% |
| Current portion of amounts payable after more than one year | 42 | €21,280 | €21,563 | +€283 | +1.3% |
| Financial debts | 43 | - | €18,375 | +€18,375 | |
| Credit institutions | 430/8 | - | €18,375 | +€18,375 | |
| Trade debts | 44 | €4,588 | €1,535 | -€3,053 | -66.5% |
| Suppliers | 440/4 | €4,588 | €1,535 | -€3,053 | -66.5% |
| Taxes, remuneration and social security | 45 | €18,825 | €21,854 | +€3,029 | +16.1% |
| Taxes | 450/3 | €18,825 | €21,854 | +€3,029 | +16.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €11,956 | €32,134 | +€20,178 | +169% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,198 | €7,862 | +€2,664 | +51.2% |
| Other operating charges | 640/8 | €672 | €527 | -€146 | -21.7% |
| Gross operating margin | 9900 | €60,453 | €45,212 | -€15,242 | -25.2% |
| Operating profit (loss) | 9901 | €54,583 | €36,823 | -€17,760 | -32.5% |
| Financial income | 75/76B | €987 | €266,616 | +€265,629 | +26,901% |
| Recurring financial income | 75 | €987 | €266,616 | +€265,629 | +26,901% |
| Financial charges | 65/66B | €1,833 | €5,469 | +€3,636 | +198% |
| Recurring financial charges | 65 | €1,833 | €5,469 | +€3,636 | +198% |
| Profit (loss) for the period before taxes | 9903 | €53,737 | €297,970 | +€244,233 | +454% |
| Income taxes | 67/77 | €18,008 | €33,493 | +€15,485 | +86.0% |
| Profit (loss) for the period | 9904 | €35,729 | €264,477 | +€228,748 | +640% |
| Profit (loss) for the period to be appropriated | 9905 | €35,729 | €264,477 | +€228,748 | +640% |
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 26 October 2026 via checked.be.