Vanbreda Mediùs: 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.
Vanbreda Mediùs
Largest movements
- Receivables within one year +€4.8m
up €4.8m (+142%), from €3.4m to €8.2m
of which Trade receivables: +€4.8m
- Cash -€560,286
down €560,286 (-9.3%), from €6.0m to €5.5m
mainly Receivables within one year (-€4.8m) and Contributions, distributions and other (-€3.7m)
- Intangible fixed assets -€150,000
down €150,000 (-26.7%), from €562,500 to €412,500
- Trade debts +€3.8m
up €3.8m (+81.7%), from €4.7m to €8.5m
- Reserves -€515,010
down €515,010 (-54.3%), from €948,779 to €433,769
of which Tax-exempt reserves: -€884,100
- Other debts +€449,000
up €449,000 (+13.8%), from €3.3m to €3.7m
- Accrued charges and deferred income +€329,904
up €329,904 (+133%), from €247,644 to €577,548
- Staff costs +€182,970
up €182,970 (+5.3%), from €3.5m to €3.6m
- Gross operating margin +€151,925
up €151,925 (+1.9%), from €7.9m to €8.0m
- Financial income -€99,545
down €99,545 (-61.2%), from €162,570 to €63,025
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 | €10,019,002 | €14,099,284 | +€4.1m | +40.7% |
| Fixed assets | 21/28 | €592,011 | €437,946 | -€154,065 | -26.0% |
| Intangible fixed assets | 21 | €562,500 | €412,500 | -€150,000 | -26.7% |
| Tangible fixed assets | 22/27 | €20,031 | €15,941 | -€4,090 | -20.4% |
| Plant, machinery and equipment | 23 | €20,031 | €15,941 | -€4,090 | -20.4% |
| Financial fixed assets | 28 | €9,480 | €9,505 | +€25 | +0.3% |
| Current assets | 29/58 | €9,426,991 | €13,661,338 | +€4.2m | +44.9% |
| Amounts receivable within one year | 40/41 | €3,371,338 | €8,167,594 | +€4.8m | +142% |
| Trade receivables | 40 | €3,312,514 | €8,068,368 | +€4.8m | +144% |
| Other amounts receivable | 41 | €58,824 | €99,227 | +€40,403 | +68.7% |
| Cash at bank and in hand | 54/58 | €6,023,393 | €5,463,108 | -€560,286 | -9.3% |
| Deferred charges and accrued income | 490/1 | €32,260 | €30,636 | -€1,624 | -5.0% |
| Total equity and liabilities | 10/49 | €10,019,002 | €14,099,284 | +€4.1m | +40.7% |
| Equity | 10/15 | €1,160,520 | €645,510 | -€515,010 | -44.4% |
| Contributions | 10/11 | €211,741 | €211,741 | = | 0.0% |
| Capital | 10 | €210,710 | €210,710 | = | 0.0% |
| Issued capital | 100 | €210,710 | €210,710 | = | 0.0% |
| Contributions outside capital | 11 | €1,031 | €1,031 | = | 0.0% |
| Share premium | 1100/10 | €1,031 | €1,031 | = | 0.0% |
| Reserves | 13 | €948,779 | €433,769 | -€515,010 | -54.3% |
| Non-distributable reserves | 130/1 | €21,071 | €21,071 | = | 0.0% |
| Legal reserve | 130 | €21,071 | €21,071 | = | 0.0% |
| Tax-exempt reserves | 132 | €884,100 | - | -€884,100 | |
| Distributable reserves | 133 | €43,608 | €412,698 | +€369,090 | +846% |
| Amounts payable | 17/49 | €8,858,482 | €13,453,774 | +€4.6m | +51.9% |
| Amounts payable within one year | 42/48 | €8,610,838 | €12,876,226 | +€4.3m | +49.5% |
| Trade debts | 44 | €4,652,682 | €8,454,686 | +€3.8m | +81.7% |
| Suppliers | 440/4 | €4,652,682 | €8,454,686 | +€3.8m | +81.7% |
| Taxes, remuneration and social security | 45 | €708,156 | €722,540 | +€14,384 | +2.0% |
| Taxes | 450/3 | €34,402 | €1,825 | -€32,577 | -94.7% |
| Remuneration and social security | 454/9 | €673,754 | €720,715 | +€46,960 | +7.0% |
| Other amounts payable | 47/48 | €3,250,000 | €3,699,000 | +€449,000 | +13.8% |
| Accrued charges and deferred income | 492/3 | €247,644 | €577,548 | +€329,904 | +133% |
| Non-recurring operating income | 76A | €55,265 | - | -€55,265 | |
| Remuneration, social security and pensions | 62 | €3,459,875 | €3,642,845 | +€182,970 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €175,684 | €155,721 | -€19,964 | -11.4% |
| Other operating charges | 640/8 | €2,931 | €6,897 | +€3,966 | +135% |
| Gross operating margin | 9900 | €7,869,692 | €8,021,617 | +€151,925 | +1.9% |
| Operating profit (loss) | 9901 | €4,231,201 | €4,216,154 | -€15,047 | -0.4% |
| Financial income | 75/76B | €162,570 | €63,025 | -€99,545 | -61.2% |
| Recurring financial income | 75 | €162,570 | €63,025 | -€99,545 | -61.2% |
| Financial charges | 65/66B | €5,600 | €2,749 | -€2,851 | -50.9% |
| Recurring financial charges | 65 | €5,600 | €2,749 | -€2,851 | -50.9% |
| Profit (loss) for the period before taxes | 9903 | €4,388,172 | €4,276,430 | -€111,741 | -2.5% |
| Income taxes | 67/77 | €1,122,929 | €1,092,440 | -€30,488 | -2.7% |
| Profit (loss) for the period | 9904 | €3,265,243 | €3,183,990 | -€81,253 | -2.5% |
| Transfer from tax-exempt reserves | 789 | - | €884,100 | +€884,100 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,265,243 | €4,068,090 | +€802,847 | +24.6% |
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 30 October 2026 via checked.be.