MEDAS: 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.
MEDAS
Largest movements
- Cash +€16,649
up €16,649 (+20.7%), from €80,511 to €97,160
mainly Net result for the year (+€21,213) and Trade debts (+€9,441)
- Stocks and contracts +€13,000
up €13,000 (+7,946%), from €164 to €13,164
- Tangible fixed assets -€1,561
down €1,561 (-30.4%), from €5,139 to €3,578
of which Furniture and vehicles: -€1,000
- Profit (loss) carried forward +€21,213
up €21,213 (+47.9%), from €44,254 to €65,466
- Trade debts +€9,441
up €9,441 (+69.9%), from €13,515 to €22,956
- Other debts -€1,500
down €1,500 (-9.7%), from €15,500 to €14,000
- Gross operating margin +€16,074
up €16,074 (+125%), from €12,889 to €28,963
- Taxes -€4,909
down €4,909 (-44.8%), from €10,949 to €6,040
- Other operating charges -€1,460
no longer reported in 2025 (was €1,460)
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 | €92,562 | €121,716 | +€29,154 | +31.5% |
| Fixed assets | 21/28 | €5,444 | €3,883 | -€1,561 | -28.7% |
| Tangible fixed assets | 22/27 | €5,139 | €3,578 | -€1,561 | -30.4% |
| Furniture and vehicles | 24 | €4,000 | €3,000 | -€1,000 | -25.0% |
| Other tangible fixed assets | 26 | €1,139 | €578 | -€561 | -49.3% |
| Financial fixed assets | 28 | €305 | €305 | = | 0.0% |
| Current assets | 29/58 | €87,119 | €117,833 | +€30,715 | +35.3% |
| Stocks and contracts in progress | 3 | €164 | €13,164 | +€13,000 | +7,946% |
| Stocks | 30/36 | €164 | €13,164 | +€13,000 | +7,946% |
| Amounts receivable within one year | 40/41 | €6,444 | €7,510 | +€1,065 | +16.5% |
| Other amounts receivable | 41 | €6,444 | €7,510 | +€1,065 | +16.5% |
| Cash at bank and in hand | 54/58 | €80,511 | €97,160 | +€16,649 | +20.7% |
| Total equity and liabilities | 10/49 | €92,562 | €121,716 | +€29,154 | +31.5% |
| Equity | 10/15 | €63,547 | €84,760 | +€21,213 | +33.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €694 | €694 | = | 0.0% |
| Distributable reserves | 133 | €694 | €694 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,254 | €65,466 | +€21,213 | +47.9% |
| Amounts payable | 17/49 | €29,015 | €36,956 | +€7,941 | +27.4% |
| Amounts payable within one year | 42/48 | €29,015 | €36,956 | +€7,941 | +27.4% |
| Trade debts | 44 | €13,515 | €22,956 | +€9,441 | +69.9% |
| Suppliers | 440/4 | €13,515 | €22,956 | +€9,441 | +69.9% |
| Other amounts payable | 47/48 | €15,500 | €14,000 | -€1,500 | -9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,561 | €1,561 | = | 0.0% |
| Other operating charges | 640/8 | €1,460 | - | -€1,460 | |
| Gross operating margin | 9900 | €12,889 | €28,963 | +€16,074 | +125% |
| Operating profit (loss) | 9901 | €9,868 | €27,402 | +€17,534 | +178% |
| Financial charges | 65/66B | €137 | €150 | +€13 | +9.2% |
| Recurring financial charges | 65 | €137 | €150 | +€13 | +9.2% |
| Profit (loss) for the period before taxes | 9903 | €9,731 | €27,252 | +€17,522 | +180% |
| Income taxes | 67/77 | €10,949 | €6,040 | -€4,909 | -44.8% |
| Profit (loss) for the period | 9904 | -€1,218 | €21,213 | +€22,431 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,218 | €21,213 | +€22,431 |
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 24 October 2026 via checked.be.