MEDUSA CONSTRUCTION: 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.
MEDUSA CONSTRUCTION
Largest movements
- Deferred charges and accrued income +€1,223
new in 2025: €1,223
- Cash -€408
down €408 (-98.5%), from €414 to €6
mainly Net result for the year (-€5,710) and Tax, wage and social debts (-€2,063)
- Receivables within one year -€375
down €375 (-69.6%), from €539 to €164
- Debts after one year +€6,768
up €6,768 (+317%), from €2,134 to €8,902
- Profit (loss) carried forward -€5,710
down €5,710 (-37.6%), from -€15,172 to -€20,883
- Tax, wage and social debts -€2,063
no longer reported in 2025 (was €2,063)
- Trade debts +€1,446
new in 2025: €1,446
- Gross operating margin +€5,476
up €5,476 (+53.5%), from -€10,227 to -€4,751
- Other operating charges -€4,357
down €4,357 (-96.2%), from €4,529 to €172
- Financial charges +€378
up €378 (+92.5%), from €409 to €787
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 | €953 | €1,393 | +€440 | +46.2% |
| Current assets | 29/58 | €953 | €1,393 | +€440 | +46.2% |
| Amounts receivable within one year | 40/41 | €539 | €164 | -€375 | -69.6% |
| Other amounts receivable | 41 | €539 | €164 | -€375 | -69.6% |
| Cash at bank and in hand | 54/58 | €414 | €6 | -€408 | -98.5% |
| Deferred charges and accrued income | 490/1 | - | €1,223 | +€1,223 | |
| Total equity and liabilities | 10/49 | €953 | €1,393 | +€440 | +46.2% |
| Equity | 10/15 | -€3,245 | -€8,955 | -€5,710 | -176% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €9,427 | €9,427 | = | 0.0% |
| Distributable reserves | 133 | €9,427 | €9,427 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,172 | -€20,883 | -€5,710 | -37.6% |
| Amounts payable | 17/49 | €4,198 | €10,348 | +€6,150 | +147% |
| Amounts payable after more than one year | 17 | €2,134 | €8,902 | +€6,768 | +317% |
| Other amounts payable | 178/9 | €2,134 | €8,902 | +€6,768 | +317% |
| Amounts payable within one year | 42/48 | €2,063 | €1,446 | -€617 | -29.9% |
| Trade debts | 44 | - | €1,446 | +€1,446 | |
| Suppliers | 440/4 | - | €1,446 | +€1,446 | |
| Taxes, remuneration and social security | 45 | €2,063 | - | -€2,063 | |
| Taxes | 450/3 | €2,063 | - | -€2,063 | |
| Non-recurring operating income | 76A | €445 | - | -€445 | |
| Other operating charges | 640/8 | €4,529 | €172 | -€4,357 | -96.2% |
| Gross operating margin | 9900 | -€10,227 | -€4,751 | +€5,476 | +53.5% |
| Operating profit (loss) | 9901 | -€14,756 | -€4,923 | +€9,833 | +66.6% |
| Financial charges | 65/66B | €409 | €787 | +€378 | +92.5% |
| Recurring financial charges | 65 | €409 | €787 | +€378 | +92.5% |
| Profit (loss) for the period before taxes | 9903 | -€15,165 | -€5,710 | +€9,455 | +62.3% |
| Income taxes | 67/77 | €8 | - | -€8 | |
| Profit (loss) for the period | 9904 | -€15,172 | -€5,710 | +€9,462 | +62.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,172 | -€5,710 | +€9,462 | +62.4% |
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 26 October 2026 via checked.be.