MEDOPI: 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.
MEDOPI
Largest movements
- Receivables within one year -€152,052
down €152,052 (-75.2%), from €202,306 to €50,255
of which Other amounts receivable: -€140,521
- Cash +€123,124
up €123,124 (+252%), from €48,860 to €171,984
mainly Net result for the year (+€199,353) and Receivables within one year (+€152,052)
- Intangible fixed assets -€27,900
down €27,900 (-41.4%), from €67,425 to €39,525
- Deferred charges and accrued income -€14,484
down €14,484 (-10.4%), from €138,857 to €124,373
- Other debts -€191,867
down €191,867 (-82.0%), from €233,867 to €42,000
- Reserves +€157,353
up €157,353 (+84.9%), from €185,406 to €342,758
- Debts after one year -€36,186
down €36,186 (-21.4%), from €169,214 to €133,028
- Gross operating margin -€40,010
down €40,010 (-10.6%), from €377,082 to €337,072
- Depreciation -€22,055
down €22,055 (-31.5%), from €69,958 to €47,903
- Other operating charges +€5,466
up €5,466 (+292%), from €1,874 to €7,340
- Financial income -€5,207
down €5,207 (-47.9%), from €10,873 to €5,667
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 | €676,370 | €606,882 | -€69,488 | -10.3% |
| Fixed assets | 21/28 | €286,346 | €260,270 | -€26,076 | -9.1% |
| Intangible fixed assets | 21 | €67,425 | €39,525 | -€27,900 | -41.4% |
| Tangible fixed assets | 22/27 | €218,741 | €220,565 | +€1,824 | +0.8% |
| Land and buildings | 22 | €188,168 | €181,798 | -€6,370 | -3.4% |
| Furniture and vehicles | 24 | €20,573 | €28,767 | +€8,194 | +39.8% |
| Assets under construction and advance payments | 27 | €10,000 | €10,000 | = | 0.0% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €390,024 | €346,612 | -€43,412 | -11.1% |
| Amounts receivable within one year | 40/41 | €202,306 | €50,255 | -€152,052 | -75.2% |
| Trade receivables | 40 | €11,531 | - | -€11,531 | |
| Other amounts receivable | 41 | €190,776 | €50,255 | -€140,521 | -73.7% |
| Cash at bank and in hand | 54/58 | €48,860 | €171,984 | +€123,124 | +252% |
| Deferred charges and accrued income | 490/1 | €138,857 | €124,373 | -€14,484 | -10.4% |
| Total equity and liabilities | 10/49 | €676,370 | €606,882 | -€69,488 | -10.3% |
| Equity | 10/15 | €204,006 | €361,358 | +€157,353 | +77.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €185,406 | €342,758 | +€157,353 | +84.9% |
| Distributable reserves | 133 | €185,406 | €342,758 | +€157,353 | +84.9% |
| Amounts payable | 17/49 | €472,364 | €245,523 | -€226,841 | -48.0% |
| Amounts payable after more than one year | 17 | €169,214 | €133,028 | -€36,186 | -21.4% |
| Financial debts | 170/4 | €169,214 | €133,028 | -€36,186 | -21.4% |
| Amounts payable within one year | 42/48 | €303,150 | €112,496 | -€190,655 | -62.9% |
| Current portion of amounts payable after more than one year | 42 | €64,896 | €69,358 | +€4,462 | +6.9% |
| Trade debts | 44 | €387 | €1,138 | +€751 | +194% |
| Suppliers | 440/4 | €387 | €1,138 | +€751 | +194% |
| Taxes, remuneration and social security | 45 | €4,000 | - | -€4,000 | |
| Taxes | 450/3 | €4,000 | - | -€4,000 | |
| Other amounts payable | 47/48 | €233,867 | €42,000 | -€191,867 | -82.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,958 | €47,903 | -€22,055 | -31.5% |
| Other operating charges | 640/8 | €1,874 | €7,340 | +€5,466 | +292% |
| Non-recurring operating charges | 66A | - | €771 | +€771 | |
| Gross operating margin | 9900 | €377,082 | €337,072 | -€40,010 | -10.6% |
| Operating profit (loss) | 9901 | €305,250 | €281,059 | -€24,191 | -7.9% |
| Financial income | 75/76B | €10,873 | €5,667 | -€5,207 | -47.9% |
| Recurring financial income | 75 | €10,873 | €5,667 | -€5,207 | -47.9% |
| Financial charges | 65/66B | €7,004 | €9,356 | +€2,352 | +33.6% |
| Recurring financial charges | 65 | €7,004 | €9,356 | +€2,352 | +33.6% |
| Profit (loss) for the period before taxes | 9903 | €309,120 | €277,369 | -€31,750 | -10.3% |
| Income taxes | 67/77 | €75,252 | €78,017 | +€2,764 | +3.7% |
| Profit (loss) for the period | 9904 | €233,867 | €199,353 | -€34,515 | -14.8% |
| Profit (loss) for the period to be appropriated | 9905 | €233,867 | €199,353 | -€34,515 | -14.8% |
Source: filed annual accounts (NBB), financial years ended 31 January 2024 and 31 January 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.