MEDOQ: 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.
MEDOQ
Largest movements
- Tangible fixed assets +€47,579
up €47,579 (+35.2%), from €135,044 to €182,623
of which Land and buildings: +€47,569
- Deferred charges and accrued income -€5,364
down €5,364 (-21.3%), from €25,201 to €19,838
- Receivables within one year +€4,675
up €4,675 (+322431.7%), from €1 to €4,677
of which Trade receivables: +€3,986
- Cash +€3,143
up €3,143 (+5.3%), from €58,891 to €62,034
mainly Debts after one year (+€35,738) and Net result for the year (+€32,102)
- Debts after one year +€35,738
up €35,738 (+31.1%), from €114,763 to €150,500
- Reserves +€32,102
up €32,102 (+75.2%), from €42,714 to €74,816
- Other debts -€20,647
down €20,647 (-100.0%), from €20,647 to €0
- Current portion of long-term debt +€5,428
up €5,428 (+38.4%), from €14,149 to €19,576
- Gross operating margin +€14,012
up €14,012 (+26.8%), from €52,307 to €66,319
- Depreciation +€2,905
up €2,905 (+27.3%), from €10,630 to €13,536
- Financial charges +€2,410
up €2,410 (+83.7%), from €2,877 to €5,287
- Taxes +€2,049
up €2,049 (+18.8%), from €10,923 to €12,972
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 | €219,137 | €270,171 | +€51,034 | +23.3% |
| Fixed assets | 21/28 | €135,044 | €183,623 | +€48,579 | +36.0% |
| Tangible fixed assets | 22/27 | €135,044 | €182,623 | +€47,579 | +35.2% |
| Land and buildings | 22 | €129,444 | €177,012 | +€47,569 | +36.7% |
| Plant, machinery and equipment | 23 | €5,600 | €4,477 | -€1,123 | -20.1% |
| Furniture and vehicles | 24 | - | €1,134 | +€1,134 | |
| Financial fixed assets | 28 | - | €1,000 | +€1,000 | |
| Current assets | 29/58 | €84,093 | €86,548 | +€2,454 | +2.9% |
| Amounts receivable within one year | 40/41 | €1 | €4,677 | +€4,675 | +322431.7% |
| Trade receivables | 40 | €1 | €3,988 | +€3,986 | +274907.6% |
| Other amounts receivable | 41 | €0 | €689 | +€689 | |
| Cash at bank and in hand | 54/58 | €58,891 | €62,034 | +€3,143 | +5.3% |
| Deferred charges and accrued income | 490/1 | €25,201 | €19,838 | -€5,364 | -21.3% |
| Total equity and liabilities | 10/49 | €219,137 | €270,171 | +€51,034 | +23.3% |
| Equity | 10/15 | €61,314 | €93,416 | +€32,102 | +52.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €42,714 | €74,816 | +€32,102 | +75.2% |
| Distributable reserves | 133 | €42,714 | €74,816 | +€32,102 | +75.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €157,824 | €176,756 | +€18,932 | +12.0% |
| Amounts payable after more than one year | 17 | €114,763 | €150,500 | +€35,738 | +31.1% |
| Financial debts | 170/4 | €114,763 | €150,500 | +€35,738 | +31.1% |
| Amounts payable within one year | 42/48 | €43,052 | €26,223 | -€16,830 | -39.1% |
| Current portion of amounts payable after more than one year | 42 | €14,149 | €19,576 | +€5,428 | +38.4% |
| Financial debts | 43 | €2,547 | €2,529 | -€17 | -0.7% |
| Credit institutions | 430/8 | €2,547 | €2,529 | -€17 | -0.7% |
| Trade debts | 44 | €2,394 | €1,272 | -€1,122 | -46.9% |
| Suppliers | 440/4 | €2,394 | €1,272 | -€1,122 | -46.9% |
| Taxes, remuneration and social security | 45 | €3,316 | €2,845 | -€471 | -14.2% |
| Taxes | 450/3 | €3,316 | €2,845 | -€471 | -14.2% |
| Other amounts payable | 47/48 | €20,647 | €0 | -€20,647 | -100.0% |
| Accrued charges and deferred income | 492/3 | €9 | €33 | +€24 | +260.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,630 | €13,536 | +€2,905 | +27.3% |
| Other operating charges | 640/8 | €2,576 | €2,845 | +€269 | +10.5% |
| Gross operating margin | 9900 | €52,307 | €66,319 | +€14,012 | +26.8% |
| Operating profit (loss) | 9901 | €39,100 | €49,938 | +€10,837 | +27.7% |
| Financial income | 75/76B | €377 | €423 | +€46 | +12.3% |
| Recurring financial income | 75 | €377 | €423 | +€46 | +12.3% |
| Financial charges | 65/66B | €2,877 | €5,287 | +€2,410 | +83.7% |
| Recurring financial charges | 65 | €2,877 | €5,287 | +€2,410 | +83.7% |
| Profit (loss) for the period before taxes | 9903 | €36,600 | €45,074 | +€8,474 | +23.2% |
| Income taxes | 67/77 | €10,923 | €12,972 | +€2,049 | +18.8% |
| Profit (loss) for the period | 9904 | €25,677 | €32,102 | +€6,425 | +25.0% |
| Profit (loss) for the period to be appropriated | 9905 | €25,677 | €32,102 | +€6,425 | +25.0% |
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 12 October 2026 via checked.be.