Meduco: 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.
Meduco
Largest movements
- Tangible fixed assets -€39,735
down €39,735 (-81.8%), from €48,561 to €8,827
of which Furniture and vehicles: -€36,653
- Receivables within one year -€22,502
no longer reported in 2025 (was €22,502)
of which Trade receivables: -€21,996
- Other debts -€105,277
down €105,277 (-32.8%), from €321,150 to €215,874
- Profit (loss) carried forward +€40,478
up €40,478 (+19.5%), from -€207,148 to -€166,670
- Tax, wage and social debts +€2,882
up €2,882 (+787%), from €366 to €3,249
- Financial income +€46,429
new in 2025: €46,429
- Depreciation -€17,036
down €17,036 (-84.7%), from €20,117 to €3,081
- Gross operating margin +€3,374
up €3,374 (+54.6%), from -€6,177 to -€2,803
- Other operating charges -€170
no longer reported in 2025 (was €170)
- Financial charges -€144
down €144 (-68.5%), from €211 to €66
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 | €140,957 | €77,657 | -€63,299 | -44.9% |
| Fixed assets | 21/28 | €48,861 | €9,127 | -€39,735 | -81.3% |
| Tangible fixed assets | 22/27 | €48,561 | €8,827 | -€39,735 | -81.8% |
| Plant, machinery and equipment | 23 | €11,355 | €8,455 | -€2,900 | -25.5% |
| Furniture and vehicles | 24 | €36,653 | - | -€36,653 | |
| Other tangible fixed assets | 26 | €553 | €372 | -€181 | -32.8% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €92,095 | €68,530 | -€23,565 | -25.6% |
| Stocks and contracts in progress | 3 | €68,523 | €68,523 | = | 0.0% |
| Stocks | 30/36 | €68,523 | €68,523 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €22,502 | - | -€22,502 | |
| Trade receivables | 40 | €21,996 | - | -€21,996 | |
| Other amounts receivable | 41 | €506 | - | -€506 | |
| Cash at bank and in hand | 54/58 | - | €7 | +€7 | |
| Deferred charges and accrued income | 490/1 | €1,070 | - | -€1,070 | |
| Total equity and liabilities | 10/49 | €140,957 | €77,657 | -€63,299 | -44.9% |
| Equity | 10/15 | -€182,148 | -€141,670 | +€40,478 | +22.2% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€207,148 | -€166,670 | +€40,478 | +19.5% |
| Amounts payable | 17/49 | €323,104 | €219,327 | -€103,777 | -32.1% |
| Amounts payable within one year | 42/48 | €323,104 | €219,327 | -€103,777 | -32.1% |
| Financial debts | 43 | €1,150 | - | -€1,150 | |
| Credit institutions | 430/8 | €1,150 | - | -€1,150 | |
| Trade debts | 44 | €437 | €205 | -€232 | -53.1% |
| Suppliers | 440/4 | €437 | €205 | -€232 | -53.1% |
| Taxes, remuneration and social security | 45 | €366 | €3,249 | +€2,882 | +787% |
| Taxes | 450/3 | €366 | €3,249 | +€2,882 | +787% |
| Other amounts payable | 47/48 | €321,150 | €215,874 | -€105,277 | -32.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,117 | €3,081 | -€17,036 | -84.7% |
| Other operating charges | 640/8 | €170 | - | -€170 | |
| Gross operating margin | 9900 | -€6,177 | -€2,803 | +€3,374 | +54.6% |
| Operating profit (loss) | 9901 | -€26,464 | -€5,884 | +€20,579 | +77.8% |
| Financial income | 75/76B | - | €46,429 | +€46,429 | |
| Recurring financial income | 75 | - | €46,429 | +€46,429 | |
| Financial charges | 65/66B | €211 | €66 | -€144 | -68.5% |
| Recurring financial charges | 65 | €211 | €66 | -€144 | -68.5% |
| Profit (loss) for the period before taxes | 9903 | -€26,675 | €40,478 | +€67,152 | |
| Income taxes | 67/77 | €144 | - | -€144 | |
| Profit (loss) for the period | 9904 | -€26,818 | €40,478 | +€67,296 | |
| Profit (loss) for the period to be appropriated | 9905 | -€26,818 | €40,478 | +€67,296 |
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 16 October 2026 via checked.be.