MEDUSO: 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.
MEDUSO
Largest movements
- Tangible fixed assets -€24,848
down €24,848 (-10.1%), from €246,556 to €221,708
- Cash -€8,545
down €8,545 (-36.7%), from €23,311 to €14,766
mainly Debts after one year (-€39,723) and Other debts (-€5,144)
- Debts after one year -€39,723
down €39,723 (-16.4%), from €242,625 to €202,902
- Profit (loss) carried forward +€11,869
up €11,869 (+11.2%), from -€106,089 to -€94,220
- Other debts -€5,144
down €5,144 (-52.1%), from €9,878 to €4,734
- Gross operating margin +€1,743
up €1,743 (+3.7%), from €46,720 to €48,463
- Financial charges -€868
down €868 (-9.1%), from €9,571 to €8,703
- Other operating charges -€651
down €651 (-17.6%), from €3,695 to €3,044
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 | €271,483 | €238,784 | -€32,699 | -12.0% |
| Fixed assets | 21/28 | €246,556 | €221,708 | -€24,848 | -10.1% |
| Tangible fixed assets | 22/27 | €246,556 | €221,708 | -€24,848 | -10.1% |
| Land and buildings | 22 | €246,556 | €221,708 | -€24,848 | -10.1% |
| Current assets | 29/58 | €24,927 | €17,076 | -€7,851 | -31.5% |
| Amounts receivable within one year | 40/41 | €1,139 | €1,817 | +€678 | +59.5% |
| Trade receivables | 40 | €1,139 | €1,590 | +€451 | +39.6% |
| Other amounts receivable | 41 | - | €227 | +€227 | |
| Cash at bank and in hand | 54/58 | €23,311 | €14,766 | -€8,545 | -36.7% |
| Deferred charges and accrued income | 490/1 | €477 | €493 | +€16 | +3.3% |
| Total equity and liabilities | 10/49 | €271,483 | €238,784 | -€32,699 | -12.0% |
| Equity | 10/15 | -€6,089 | €5,780 | +€11,869 | |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€106,089 | -€94,220 | +€11,869 | +11.2% |
| Amounts payable | 17/49 | €277,572 | €233,004 | -€44,567 | -16.1% |
| Amounts payable after more than one year | 17 | €242,625 | €202,902 | -€39,723 | -16.4% |
| Financial debts | 170/4 | €242,625 | €202,902 | -€39,723 | -16.4% |
| Amounts payable within one year | 42/48 | €33,937 | €29,068 | -€4,869 | -14.3% |
| Current portion of amounts payable after more than one year | 42 | €21,315 | €21,723 | +€408 | +1.9% |
| Trade debts | 44 | €466 | €572 | +€106 | +22.7% |
| Suppliers | 440/4 | €466 | €572 | +€106 | +22.7% |
| Taxes, remuneration and social security | 45 | €2,278 | €2,040 | -€238 | -10.4% |
| Taxes | 450/3 | €2,278 | €2,040 | -€238 | -10.4% |
| Other amounts payable | 47/48 | €9,878 | €4,734 | -€5,144 | -52.1% |
| Accrued charges and deferred income | 492/3 | €1,010 | €1,034 | +€24 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,215 | €24,848 | -€368 | -1.5% |
| Other operating charges | 640/8 | €3,695 | €3,044 | -€651 | -17.6% |
| Gross operating margin | 9900 | €46,720 | €48,463 | +€1,743 | +3.7% |
| Operating profit (loss) | 9901 | €17,810 | €20,571 | +€2,761 | +15.5% |
| Financial charges | 65/66B | €9,571 | €8,703 | -€868 | -9.1% |
| Recurring financial charges | 65 | €9,571 | €8,703 | -€868 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | €8,239 | €11,869 | +€3,630 | +44.1% |
| Profit (loss) for the period | 9904 | €8,239 | €11,869 | +€3,630 | +44.1% |
| Profit (loss) for the period to be appropriated | 9905 | €8,239 | €11,869 | +€3,630 | +44.1% |
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 10 October 2026 via checked.be.