MEDOFI: what changed
What changed
MEDOFI
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€83,988
2024 · €129,464-€45,476
Equity
€889,688
2024 · €805,700+€83,988
Cash
€156,145
2024 · €93,871+€62,275
Balance sheet total
€1.4m
2024 · €1.3m+€81,572
Largest movements
Assets
- Receivables within one year +€199,666
up €199,666 (+179%), from €111,536 to €311,202
of which Other amounts receivable: +€157,587
- Receivables after one year -€160,000
down €160,000 (-76.2%), from €210,000 to €50,000
- Cash +€62,275
up €62,275 (+66.3%), from €93,871 to €156,145
mainly Receivables after one year (+€160,000) and Net result for the year (+€83,988)
Equity and liabilities
- Reserves +€83,988
up €83,988 (+20.1%), from €418,406 to €502,394
Income statement
- Gross operating margin -€37,971
down €37,971 (-17.9%), from €212,199 to €174,228
- Financial income -€33,973
down €33,973 (-100.0%), from €33,973 to €0
- Taxes -€24,397
down €24,397 (-37.4%), from €65,156 to €40,759
- Other operating charges -€5,295
down €5,295 (-69.6%), from €7,606 to €2,312
- Depreciation +€5,129
up €5,129 (+59.1%), from €8,679 to €13,807
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€129,464
Gross operating margin
-€37,971
Depreciation
-€5,129
Other operating charges
+€5,295
Financial income
-€33,973
Financial charges
+€1,904
Taxes
+€24,397
Result 2025
€83,988
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€63,561
Investment
-€1,286
Financing
€0
Cash 2024
€93,871
From operations (derived)
+€63,561
Net result for the year
+€83,988
Depreciation
+€13,807
Receivables after one year
+€160,000
Receivables within one year
-€199,666
Deferred charges and accrued income
+€7,848
Trade debts
+€5,201
Tax, wage and social debts
-€12,946
Other debts
+€7,280
Accrued charges and deferred income
-€1,951
Investment (derived)
-€1,286
Investment in fixed assets (net)
-€1,286
Cash 2025
€156,145
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,271,476 | €1,353,049 | +€81,572 | +6.4% |
| Fixed assets | 21/28 | €810,761 | €798,240 | -€12,521 | -1.5% |
| Tangible fixed assets | 22/27 | €68,761 | €56,240 | -€12,521 | -18.2% |
| Furniture and vehicles | 24 | €50,580 | €40,742 | -€9,839 | -19.5% |
| Other tangible fixed assets | 26 | €18,180 | €15,498 | -€2,682 | -14.8% |
| Financial fixed assets | 28 | €742,000 | €742,000 | = | 0.0% |
| Current assets | 29/58 | €460,716 | €554,809 | +€94,093 | +20.4% |
| Amounts receivable after more than one year | 29 | €210,000 | €50,000 | -€160,000 | -76.2% |
| Other amounts receivable | 291 | €210,000 | €50,000 | -€160,000 | -76.2% |
| Amounts receivable within one year | 40/41 | €111,536 | €311,202 | +€199,666 | +179% |
| Trade receivables | 40 | €59,123 | €101,202 | +€42,079 | +71.2% |
| Other amounts receivable | 41 | €52,413 | €210,000 | +€157,587 | +301% |
| Cash at bank and in hand | 54/58 | €93,871 | €156,145 | +€62,275 | +66.3% |
| Deferred charges and accrued income | 490/1 | €45,309 | €37,461 | -€7,848 | -17.3% |
| Total equity and liabilities | 10/49 | €1,271,476 | €1,353,049 | +€81,572 | +6.4% |
| Equity | 10/15 | €805,700 | €889,688 | +€83,988 | +10.4% |
| Contributions | 10/11 | €375,000 | €375,000 | = | 0.0% |
| Reserves | 13 | €418,406 | €502,394 | +€83,988 | +20.1% |
| Distributable reserves | 133 | €418,406 | €502,394 | +€83,988 | +20.1% |
| Profit (loss) carried forward | 14 | €12,294 | €12,294 | = | 0.0% |
| Amounts payable | 17/49 | €465,777 | €463,360 | -€2,416 | -0.5% |
| Amounts payable after more than one year | 17 | €375,000 | €375,000 | = | 0.0% |
| Other amounts payable | 178/9 | €375,000 | €375,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €75,504 | €75,039 | -€465 | -0.6% |
| Trade debts | 44 | €591 | €5,792 | +€5,201 | +880% |
| Suppliers | 440/4 | €591 | €5,792 | +€5,201 | +880% |
| Taxes, remuneration and social security | 45 | €74,913 | €61,968 | -€12,946 | -17.3% |
| Taxes | 450/3 | €74,913 | €61,968 | -€12,946 | -17.3% |
| Other amounts payable | 47/48 | - | €7,280 | +€7,280 | |
| Accrued charges and deferred income | 492/3 | €15,272 | €13,321 | -€1,951 | -12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,679 | €13,807 | +€5,129 | +59.1% |
| Other operating charges | 640/8 | €7,606 | €2,312 | -€5,295 | -69.6% |
| Gross operating margin | 9900 | €212,199 | €174,228 | -€37,971 | -17.9% |
| Operating profit (loss) | 9901 | €195,914 | €158,110 | -€37,804 | -19.3% |
| Financial income | 75/76B | €33,973 | €0 | -€33,973 | -100.0% |
| Recurring financial income | 75 | €33,973 | €0 | -€33,973 | -100.0% |
| Financial charges | 65/66B | €35,267 | €33,363 | -€1,904 | -5.4% |
| Recurring financial charges | 65 | €35,267 | €33,363 | -€1,904 | -5.4% |
| Profit (loss) for the period before taxes | 9903 | €194,621 | €124,747 | -€69,874 | -35.9% |
| Income taxes | 67/77 | €65,156 | €40,759 | -€24,397 | -37.4% |
| Profit (loss) for the period | 9904 | €129,464 | €83,988 | -€45,476 | -35.1% |
| Profit (loss) for the period to be appropriated | 9905 | €129,464 | €83,988 | -€45,476 | -35.1% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.