MEDROEL: 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.
MEDROEL
Largest movements
- Current investments +€250,000
up €250,000 (+37.9%), from €660,076 to €910,076
- Cash -€67,975
down €67,975 (-48.2%), from €141,116 to €73,141
mainly Current investments (-€250,000) and Debts after one year (-€101,538)
- Tangible fixed assets -€41,357
down €41,357 (-2.9%), from €1.4m to €1.4m
of which Land and buildings: -€37,927
- Reserves +€211,836
up €211,836 (+16.3%), from €1.3m to €1.5m
- Debts after one year -€101,538
down €101,538 (-13.2%), from €770,000 to €668,461
- Tax, wage and social debts +€32,439
up €32,439 (+126%), from €25,714 to €58,153
- Gross operating margin +€31,674
up €31,674 (+7.4%), from €427,916 to €459,590
- Taxes +€17,856
up €17,856 (+15.7%), from €113,778 to €131,634
- Financial income +€7,801
up €7,801 (+143%), from €5,457 to €13,258
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 | €2,232,074 | €2,369,708 | +€137,634 | +6.2% |
| Fixed assets | 21/28 | €1,427,558 | €1,386,202 | -€41,357 | -2.9% |
| Tangible fixed assets | 22/27 | €1,427,558 | €1,386,202 | -€41,357 | -2.9% |
| Land and buildings | 22 | €1,415,174 | €1,377,247 | -€37,927 | -2.7% |
| Plant, machinery and equipment | 23 | €4,706 | €2,343 | -€2,363 | -50.2% |
| Other tangible fixed assets | 26 | €7,678 | €6,612 | -€1,066 | -13.9% |
| Current assets | 29/58 | €804,516 | €983,506 | +€178,990 | +22.2% |
| Amounts receivable within one year | 40/41 | €3,035 | - | -€3,035 | |
| Other amounts receivable | 41 | €3,035 | - | -€3,035 | |
| Current investments | 50/53 | €660,076 | €910,076 | +€250,000 | +37.9% |
| Cash at bank and in hand | 54/58 | €141,116 | €73,141 | -€67,975 | -48.2% |
| Deferred charges and accrued income | 490/1 | €289 | €289 | = | 0.0% |
| Total equity and liabilities | 10/49 | €2,232,074 | €2,369,708 | +€137,634 | +6.2% |
| Equity | 10/15 | €1,309,323 | €1,521,159 | +€211,836 | +16.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,296,923 | €1,508,759 | +€211,836 | +16.3% |
| Distributable reserves | 133 | €1,296,923 | €1,508,759 | +€211,836 | +16.3% |
| Amounts payable | 17/49 | €922,751 | €848,549 | -€74,202 | -8.0% |
| Amounts payable after more than one year | 17 | €770,000 | €668,461 | -€101,538 | -13.2% |
| Financial debts | 170/4 | €770,000 | €668,461 | -€101,538 | -13.2% |
| Amounts payable within one year | 42/48 | €149,068 | €176,339 | +€27,271 | +18.3% |
| Current portion of amounts payable after more than one year | 42 | €101,538 | €101,538 | = | 0.0% |
| Trade debts | 44 | €273 | €43 | -€230 | -84.3% |
| Suppliers | 440/4 | €273 | €43 | -€230 | -84.3% |
| Taxes, remuneration and social security | 45 | €25,714 | €58,153 | +€32,439 | +126% |
| Taxes | 450/3 | €25,714 | €58,153 | +€32,439 | +126% |
| Other amounts payable | 47/48 | €21,543 | €16,605 | -€4,937 | -22.9% |
| Accrued charges and deferred income | 492/3 | €3,683 | €3,749 | +€65 | +1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,437 | €41,357 | -€81 | -0.2% |
| Other operating charges | 640/8 | €9,299 | €9,671 | +€372 | +4.0% |
| Gross operating margin | 9900 | €427,916 | €459,590 | +€31,674 | +7.4% |
| Operating profit (loss) | 9901 | €377,179 | €408,562 | +€31,383 | +8.3% |
| Financial income | 75/76B | €5,457 | €13,258 | +€7,801 | +143% |
| Recurring financial income | 75 | €5,457 | €13,258 | +€7,801 | +143% |
| Financial charges | 65/66B | €16,355 | €14,704 | -€1,651 | -10.1% |
| Recurring financial charges | 65 | €16,355 | €14,704 | -€1,651 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | €366,282 | €407,117 | +€40,835 | +11.1% |
| Income taxes | 67/77 | €113,778 | €131,634 | +€17,856 | +15.7% |
| Profit (loss) for the period | 9904 | €252,504 | €275,482 | +€22,979 | +9.1% |
| Profit (loss) for the period to be appropriated | 9905 | €252,504 | €275,482 | +€22,979 | +9.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.