Medorel: what changed
Two fiscal 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.
Medorel
Largest movements
- Cash +€35,717
up €35,717 (+46.8%), from €76,244 to €111,961
mainly Other debts (+€71,716) and Net result for the year (+€28,259)
- Deferred charges and accrued income -€1,248
down €1,248 (-18.0%), from €6,947 to €5,699
- Other debts +€71,716
up €71,716 (+474.8%), from €15,105 to €86,822
- Profit (loss) carried forward -€39,705
down €39,705 (-100.0%), from €39,705 to €0
- Taxes -€2,135
down €2,135 (-21.8%), from €9,806 to €7,671
- Gross operating margin +€1,509
up €1,509 (+4.1%), from €36,390 to €37,899
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 | €89,288 | €121,938 | +€32,651 | +36.6% |
| Fixed assets | 21/28 | €2,578 | €1,949 | -€628 | -24.4% |
| Intangible fixed assets | 21 | €0 | €0 | -€0 | -50.0% |
| Tangible fixed assets | 22/27 | €2,577 | €1,949 | -€628 | -24.4% |
| Plant, machinery and equipment | 23 | €2,577 | €1,949 | -€628 | -24.4% |
| Current assets | 29/58 | €86,710 | €119,989 | +€33,279 | +38.4% |
| Amounts receivable within one year | 40/41 | €3,519 | €2,329 | -€1,190 | -33.8% |
| Trade receivables | 40 | €1,035 | €0 | -€1,035 | -100.0% |
| Other amounts receivable | 41 | €2,484 | €2,329 | -€155 | -6.2% |
| Cash at bank and in hand | 54/58 | €76,244 | €111,961 | +€35,717 | +46.8% |
| Deferred charges and accrued income | 490/1 | €6,947 | €5,699 | -€1,248 | -18.0% |
| Total equity and liabilities | 10/49 | €89,288 | €121,938 | +€32,651 | +36.6% |
| Equity | 10/15 | €68,730 | €29,025 | -€39,705 | -57.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €24,025 | €24,025 | = | 0.0% |
| Distributable reserves | 133 | €24,025 | €24,025 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,705 | €0 | -€39,705 | -100.0% |
| Amounts payable | 17/49 | €20,558 | €92,913 | +€72,355 | +352.0% |
| Amounts payable within one year | 42/48 | €19,641 | €91,652 | +€72,010 | +366.6% |
| Trade debts | 44 | €936 | €1,230 | +€294 | +31.4% |
| Suppliers | 440/4 | €936 | €1,230 | +€294 | +31.4% |
| Taxes, remuneration and social security | 45 | €3,600 | €3,600 | = | 0.0% |
| Taxes | 450/3 | €3,600 | €3,600 | = | 0.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €15,105 | €86,822 | +€71,716 | +474.8% |
| Accrued charges and deferred income | 492/3 | €916 | €1,261 | +€345 | +37.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €628 | €628 | = | 0.0% |
| Other operating charges | 640/8 | €103 | €101 | -€2 | -1.8% |
| Gross operating margin | 9900 | €36,390 | €37,899 | +€1,509 | +4.1% |
| Operating profit (loss) | 9901 | €35,659 | €37,170 | +€1,511 | +4.2% |
| Financial charges | 65/66B | €994 | €1,239 | +€245 | +24.7% |
| Recurring financial charges | 65 | €994 | €1,239 | +€245 | +24.7% |
| Profit (loss) for the period before taxes | 9903 | €34,664 | €35,930 | +€1,266 | +3.7% |
| Income taxes | 67/77 | €9,806 | €7,671 | -€2,135 | -21.8% |
| Profit (loss) for the period | 9904 | €24,858 | €28,259 | +€3,401 | +13.7% |
| Profit (loss) for the period to be appropriated | 9905 | €24,858 | €28,259 | +€3,401 | +13.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.