MEDURO: 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.
MEDURO
Largest movements
- Deferred charges and accrued income +€30,937
up €30,937 (+700.7%), from €4,415 to €35,353
- Receivables within one year -€21,500
down €21,500 (-92.1%), from €23,355 to €1,855
of which Other amounts receivable: -€23,355
- Tangible fixed assets -€17,420
down €17,420 (-40.8%), from €42,686 to €25,266
of which Furniture and vehicles: -€16,361
- Cash +€4,260
up €4,260 (+15.8%), from €27,010 to €31,270
mainly Net result for the year (+€48,245) and Other debts (+€35,870)
- Profit (loss) carried forward -€51,755
down €51,755 (-73.7%), from €70,178 to €18,422
- Other debts +€35,870
new in 2025: €35,870
- Tax, wage and social debts +€26,900
new in 2025: €26,900
- Debts after one year -€10,488
no longer reported in 2025 (was €10,488)
- Current portion of long-term debt -€3,403
down €3,403 (-24.5%), from €13,891 to €10,488
- Gross operating margin +€55,005
up €55,005 (+73.7%), from €74,626 to €129,630
- Taxes +€11,749
up €11,749 (+191.0%), from €6,151 to €17,900
- Financial charges +€5,713
up €5,713 (+14.9%), from €38,227 to €43,939
- Depreciation +€2,271
up €2,271 (+12.8%), from €17,712 to €19,984
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 | €97,467 | €93,744 | -€3,723 | -3.8% |
| Fixed assets | 21/28 | €42,686 | €25,266 | -€17,420 | -40.8% |
| Tangible fixed assets | 22/27 | €42,686 | €25,266 | -€17,420 | -40.8% |
| Plant, machinery and equipment | 23 | €6,447 | €5,389 | -€1,059 | -16.4% |
| Furniture and vehicles | 24 | €36,239 | €19,878 | -€16,361 | -45.1% |
| Current assets | 29/58 | €54,780 | €68,477 | +€13,697 | +25.0% |
| Amounts receivable within one year | 40/41 | €23,355 | €1,855 | -€21,500 | -92.1% |
| Trade receivables | 40 | - | €1,855 | +€1,855 | |
| Other amounts receivable | 41 | €23,355 | - | -€23,355 | |
| Cash at bank and in hand | 54/58 | €27,010 | €31,270 | +€4,260 | +15.8% |
| Deferred charges and accrued income | 490/1 | €4,415 | €35,353 | +€30,937 | +700.7% |
| Total equity and liabilities | 10/49 | €97,467 | €93,744 | -€3,723 | -3.8% |
| Equity | 10/15 | €72,178 | €20,422 | -€51,755 | -71.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €70,178 | €18,422 | -€51,755 | -73.7% |
| Amounts payable | 17/49 | €25,289 | €73,321 | +€48,033 | +189.9% |
| Amounts payable after more than one year | 17 | €10,488 | - | -€10,488 | |
| Financial debts | 170/4 | €10,488 | - | -€10,488 | |
| Amounts payable within one year | 42/48 | €14,800 | €73,321 | +€58,521 | +395.4% |
| Current portion of amounts payable after more than one year | 42 | €13,891 | €10,488 | -€3,403 | -24.5% |
| Trade debts | 44 | €910 | €63 | -€847 | -93.1% |
| Suppliers | 440/4 | €910 | €63 | -€847 | -93.1% |
| Taxes, remuneration and social security | 45 | - | €26,900 | +€26,900 | |
| Taxes | 450/3 | - | €26,900 | +€26,900 | |
| Other amounts payable | 47/48 | - | €35,870 | +€35,870 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,712 | €19,984 | +€2,271 | +12.8% |
| Other operating charges | 640/8 | €1,463 | €577 | -€886 | -60.6% |
| Gross operating margin | 9900 | €74,626 | €129,630 | +€55,005 | +73.7% |
| Operating profit (loss) | 9901 | €55,450 | €109,070 | +€53,620 | +96.7% |
| Financial income | 75/76B | €731 | €1,014 | +€283 | +38.8% |
| Recurring financial income | 75 | €731 | €1,014 | +€283 | +38.8% |
| Financial charges | 65/66B | €38,227 | €43,939 | +€5,713 | +14.9% |
| Recurring financial charges | 65 | €38,227 | €43,939 | +€5,713 | +14.9% |
| Profit (loss) for the period before taxes | 9903 | €17,954 | €66,145 | +€48,190 | +268.4% |
| Income taxes | 67/77 | €6,151 | €17,900 | +€11,749 | +191.0% |
| Profit (loss) for the period | 9904 | €11,803 | €48,245 | +€36,441 | +308.7% |
| Profit (loss) for the period to be appropriated | 9905 | €11,803 | €48,245 | +€36,441 | +308.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.