PLACING MED: 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.
PLACING MED
Largest movements
- Receivables within one year -€37,969
down €37,969 (-36.7%), from €103,575 to €65,606
of which Other amounts receivable: -€29,839
- Deferred charges and accrued income -€7,500
no longer reported in 2025 (was €7,500)
- Trade debts -€39,771
down €39,771 (-76.4%), from €52,030 to €12,259
of which Suppliers: -€22,566
- Profit (loss) carried forward -€34,825
down €34,825, from €32,108 to -€2,717
- Other debts +€33,275
new in 2025: €33,275
- Tax, wage and social debts -€4,382
down €4,382 (-19.9%), from €21,966 to €17,583
- Gross operating margin -€128,176
down €128,176, from €96,133 to -€32,043
- Taxes -€16,155
down €16,155 (-97.9%), from €16,500 to €345
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 | €114,178 | €68,478 | -€45,700 | -40.0% |
| Fixed assets | 21/28 | €2,503 | €2,690 | +€187 | +7.5% |
| Tangible fixed assets | 22/27 | €2,503 | €2,690 | +€187 | +7.5% |
| Furniture and vehicles | 24 | €2,503 | €2,690 | +€187 | +7.5% |
| Current assets | 29/58 | €111,675 | €65,788 | -€45,886 | -41.1% |
| Amounts receivable within one year | 40/41 | €103,575 | €65,606 | -€37,969 | -36.7% |
| Trade receivables | 40 | €8,480 | €350 | -€8,130 | -95.9% |
| Other amounts receivable | 41 | €95,095 | €65,256 | -€29,839 | -31.4% |
| Cash at bank and in hand | 54/58 | €599 | €183 | -€417 | -69.5% |
| Deferred charges and accrued income | 490/1 | €7,500 | - | -€7,500 | |
| Total equity and liabilities | 10/49 | €114,178 | €68,478 | -€45,700 | -40.0% |
| Equity | 10/15 | €40,168 | €5,343 | -€34,825 | -86.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | - | -€6,200 | |
| Issued capital | 100 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €32,108 | -€2,717 | -€34,825 | |
| Amounts payable | 17/49 | €74,010 | €63,136 | -€10,874 | -14.7% |
| Amounts payable within one year | 42/48 | €74,010 | €63,136 | -€10,874 | -14.7% |
| Financial debts | 43 | €15 | €18 | +€3 | +22.2% |
| Credit institutions | 430/8 | €15 | €18 | +€3 | +22.2% |
| Trade debts | 44 | €52,030 | €12,259 | -€39,771 | -76.4% |
| Suppliers | 440/4 | €34,825 | €12,259 | -€22,566 | -64.8% |
| Bills of exchange payable | 441 | €17,205 | - | -€17,205 | |
| Taxes, remuneration and social security | 45 | €21,966 | €17,583 | -€4,382 | -19.9% |
| Taxes | 450/3 | €21,966 | €17,583 | -€4,382 | -19.9% |
| Other amounts payable | 47/48 | - | €33,275 | +€33,275 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,096 | €1,655 | +€559 | +51.0% |
| Other operating charges | 640/8 | €40 | €731 | +€691 | +1,726% |
| Gross operating margin | 9900 | €96,133 | -€32,043 | -€128,176 | |
| Operating profit (loss) | 9901 | €94,997 | -€34,429 | -€129,426 | |
| Financial charges | 65/66B | €639 | €52 | -€587 | -91.9% |
| Recurring financial charges | 65 | €639 | €52 | -€587 | -91.9% |
| Profit (loss) for the period before taxes | 9903 | €94,358 | -€34,481 | -€128,839 | |
| Income taxes | 67/77 | €16,500 | €345 | -€16,155 | -97.9% |
| Profit (loss) for the period | 9904 | €77,858 | -€34,825 | -€112,683 | |
| Profit (loss) for the period to be appropriated | 9905 | €77,858 | -€34,825 | -€112,683 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.