MEDUSOO: 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.
MEDUSOO
Largest movements
- Receivables within one year +€230,154
up €230,154 (+151%), from €152,771 to €382,925
of which Other amounts receivable: +€234,564
- Financial fixed assets +€120,000
up €120,000 (+8.9%), from €1.3m to €1.5m
- Trade debts +€330,412
up €330,412 (+3,313%), from €9,973 to €340,385
- Reserves +€141,777
up €141,777 (+16.5%), from €861,787 to €1.0m
- Debts after one year -€62,717
down €62,717 (-11.4%), from €549,030 to €486,313
- Other debts -€61,782
down €61,782 (-87.2%), from €70,838 to €9,055
- Gross operating margin +€176,531
up €176,531 (+111%), from €159,142 to €335,673
- Financial income -€109,956
down €109,956 (-100%), from €109,956 to €0
- Taxes +€40,892
up €40,892 (+118%), from €34,721 to €75,614
- Financial charges +€12,556
up €12,556 (+426%), from €2,945 to €15,501
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 | €1,584,102 | €1,926,579 | +€342,478 | +21.6% |
| Fixed assets | 21/28 | €1,375,715 | €1,479,957 | +€104,242 | +7.6% |
| Tangible fixed assets | 22/27 | €30,739 | €14,981 | -€15,758 | -51.3% |
| Furniture and vehicles | 24 | €30,739 | €14,981 | -€15,758 | -51.3% |
| Financial fixed assets | 28 | €1,344,977 | €1,464,977 | +€120,000 | +8.9% |
| Current assets | 29/58 | €208,386 | €446,622 | +€238,235 | +114% |
| Amounts receivable within one year | 40/41 | €152,771 | €382,925 | +€230,154 | +151% |
| Trade receivables | 40 | €25,410 | €21,000 | -€4,410 | -17.4% |
| Other amounts receivable | 41 | €127,361 | €361,925 | +€234,564 | +184% |
| Cash at bank and in hand | 54/58 | €52,110 | €60,094 | +€7,984 | +15.3% |
| Deferred charges and accrued income | 490/1 | €3,505 | €3,602 | +€97 | +2.8% |
| Total equity and liabilities | 10/49 | €1,584,102 | €1,926,579 | +€342,478 | +21.6% |
| Equity | 10/15 | €880,387 | €1,022,164 | +€141,777 | +16.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €861,787 | €1,003,564 | +€141,777 | +16.5% |
| Distributable reserves | 133 | €861,787 | €1,003,564 | +€141,777 | +16.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €703,714 | €904,415 | +€200,701 | +28.5% |
| Amounts payable after more than one year | 17 | €549,030 | €486,313 | -€62,717 | -11.4% |
| Financial debts | 170/4 | €549,030 | €486,313 | -€62,717 | -11.4% |
| Amounts payable within one year | 42/48 | €154,524 | €418,103 | +€263,578 | +171% |
| Current portion of amounts payable after more than one year | 42 | €62,948 | €62,717 | -€231 | -0.4% |
| Trade debts | 44 | €9,973 | €340,385 | +€330,412 | +3,313% |
| Suppliers | 440/4 | €9,973 | €340,385 | +€330,412 | +3,313% |
| Taxes, remuneration and social security | 45 | €10,765 | €5,945 | -€4,820 | -44.8% |
| Taxes | 450/3 | €10,765 | €5,945 | -€4,820 | -44.8% |
| Other amounts payable | 47/48 | €70,838 | €9,055 | -€61,782 | -87.2% |
| Accrued charges and deferred income | 492/3 | €160 | €0 | -€160 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,758 | €15,758 | = | 0.0% |
| Other operating charges | 640/8 | €1,969 | €2,024 | +€55 | +2.8% |
| Gross operating margin | 9900 | €159,142 | €335,673 | +€176,531 | +111% |
| Operating profit (loss) | 9901 | €141,415 | €317,891 | +€176,476 | +125% |
| Financial income | 75/76B | €109,956 | €0 | -€109,956 | -100% |
| Recurring financial income | 75 | €109,956 | €0 | -€109,956 | -100% |
| Financial charges | 65/66B | €2,945 | €15,501 | +€12,556 | +426% |
| Recurring financial charges | 65 | €2,945 | €15,501 | +€12,556 | +426% |
| Profit (loss) for the period before taxes | 9903 | €248,426 | €302,390 | +€53,964 | +21.7% |
| Income taxes | 67/77 | €34,721 | €75,614 | +€40,892 | +118% |
| Profit (loss) for the period | 9904 | €213,705 | €226,777 | +€13,072 | +6.1% |
| Profit (loss) for the period to be appropriated | 9905 | €213,705 | €226,777 | +€13,072 | +6.1% |
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 21 October 2026 via checked.be.