MedRelief: 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.
MedRelief
Largest movements
- Stocks and contracts -€93,969
down €93,969 (-74.5%), from €126,188 to €32,219
- Formation expenses +€58,688
up €58,688 (+147%), from €40,000 to €98,688
- Deferred charges and accrued income -€49,612
down €49,612 (-100%), from €49,612 to €0
- Tangible fixed assets +€43,782
up €43,782 (+110%), from €39,775 to €83,558
of which Plant, machinery and equipment: +€48,248
- Receivables within one year -€35,417
down €35,417 (-72.4%), from €48,895 to €13,478
of which Trade receivables: -€35,364
- Debts after one year -€153,754
down €153,754 (-86.9%), from €176,832 to €23,078
- Profit (loss) carried forward +€43,825
up €43,825 (+406%), from €10,801 to €54,626
- Tax, wage and social debts +€27,192
up €27,192 (+187%), from €14,532 to €41,724
of which Taxes: +€18,797
- Other debts +€8,817
up €8,817 (+120%), from €7,326 to €16,143
- Current portion of long-term debt -€7,844
down €7,844 (-30.7%), from €25,579 to €17,735
- Gross operating margin +€22,170
up €22,170 (+25.9%), from €85,561 to €107,731
- Financial charges +€11,845
up €11,845 (+146%), from €8,102 to €19,947
- Taxes +€2,184
new in 2024: €2,184
- Staff costs -€1,802
down €1,802 (-5.2%), from €34,349 to €32,547
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €310,646 | €234,267 | -€76,379 | -24.6% |
| Formation expenses | 20 | €40,000 | €98,688 | +€58,688 | +147% |
| Fixed assets | 21/28 | €45,946 | €89,728 | +€43,782 | +95.3% |
| Tangible fixed assets | 22/27 | €39,775 | €83,558 | +€43,782 | +110% |
| Land and buildings | 22 | €11,225 | €8,660 | -€2,564 | -22.8% |
| Plant, machinery and equipment | 23 | €2,940 | €51,187 | +€48,248 | +1,641% |
| Furniture and vehicles | 24 | €16,904 | €15,763 | -€1,141 | -6.7% |
| Other tangible fixed assets | 26 | €8,707 | €7,946 | -€760 | -8.7% |
| Financial fixed assets | 28 | €6,171 | €6,171 | = | 0.0% |
| Current assets | 29/58 | €224,701 | €45,851 | -€178,849 | -79.6% |
| Stocks and contracts in progress | 3 | €126,188 | €32,219 | -€93,969 | -74.5% |
| Stocks | 30/36 | €126,188 | €32,219 | -€93,969 | -74.5% |
| Amounts receivable within one year | 40/41 | €48,895 | €13,478 | -€35,417 | -72.4% |
| Trade receivables | 40 | €48,202 | €12,838 | -€35,364 | -73.4% |
| Other amounts receivable | 41 | €693 | €640 | -€53 | -7.6% |
| Cash at bank and in hand | 54/58 | €6 | €154 | +€149 | +2,601% |
| Deferred charges and accrued income | 490/1 | €49,612 | €0 | -€49,612 | -100% |
| Total equity and liabilities | 10/49 | €310,646 | €234,267 | -€76,379 | -24.6% |
| Equity | 10/15 | €29,401 | €73,226 | +€43,825 | +149% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,801 | €54,626 | +€43,825 | +406% |
| Amounts payable | 17/49 | €281,245 | €161,041 | -€120,204 | -42.7% |
| Amounts payable after more than one year | 17 | €176,832 | €23,078 | -€153,754 | -86.9% |
| Financial debts | 170/4 | €176,832 | €23,078 | -€153,754 | -86.9% |
| Amounts payable within one year | 42/48 | €104,413 | €137,963 | +€33,550 | +32.1% |
| Current portion of amounts payable after more than one year | 42 | €25,579 | €17,735 | -€7,844 | -30.7% |
| Financial debts | 43 | €16,098 | €19,475 | +€3,377 | +21.0% |
| Credit institutions | 430/8 | €16,098 | €19,475 | +€3,377 | +21.0% |
| Trade debts | 44 | €40,878 | €42,886 | +€2,008 | +4.9% |
| Suppliers | 440/4 | €40,878 | €42,886 | +€2,008 | +4.9% |
| Taxes, remuneration and social security | 45 | €14,532 | €41,724 | +€27,192 | +187% |
| Taxes | 450/3 | €8,440 | €27,237 | +€18,797 | +223% |
| Remuneration and social security | 454/9 | €6,092 | €14,487 | +€8,394 | +138% |
| Other amounts payable | 47/48 | €7,326 | €16,143 | +€8,817 | +120% |
| Remuneration, social security and pensions | 62 | €34,349 | €32,547 | -€1,802 | -5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,276 | €7,577 | +€301 | +4.1% |
| Other operating charges | 640/8 | €2,771 | €1,738 | -€1,033 | -37.3% |
| Gross operating margin | 9900 | €85,561 | €107,731 | +€22,170 | +25.9% |
| Operating profit (loss) | 9901 | €41,165 | €65,868 | +€24,703 | +60.0% |
| Financial income | 75/76B | €322 | €87 | -€235 | -72.9% |
| Recurring financial income | 75 | €322 | €87 | -€235 | -72.9% |
| Financial charges | 65/66B | €8,102 | €19,947 | +€11,845 | +146% |
| Recurring financial charges | 65 | €8,102 | €19,947 | +€11,845 | +146% |
| Profit (loss) for the period before taxes | 9903 | €33,385 | €46,009 | +€12,624 | +37.8% |
| Income taxes | 67/77 | - | €2,184 | +€2,184 | |
| Profit (loss) for the period | 9904 | €33,385 | €43,825 | +€10,440 | +31.3% |
| Profit (loss) for the period to be appropriated | 9905 | €33,385 | €43,825 | +€10,440 | +31.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.