A.C. 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.
A.C. MED.
Largest movements
- Current investments +€100,000
up €100,000 (+100%), from €100,000 to €200,000
- Cash -€90,768
down €90,768 (-64.2%), from €141,462 to €50,693
mainly Current investments (-€100,000) and Other debts (-€9,867)
- Tangible fixed assets -€8,536
down €8,536 (-41.8%), from €20,413 to €11,878
of which Leasing and similar rights: -€6,187
- Receivables within one year +€5,607
new in 2025: €5,607
- Deferred charges and accrued income -€4,997
down €4,997 (-9.5%), from €52,754 to €47,756
- Reserves +€13,635
up €13,635 (+6.2%), from €219,156 to €232,791
of which Distributable reserves: +€13,635
- Other debts -€9,867
no longer reported in 2025 (was €9,867)
- Debts after one year -€4,479
no longer reported in 2025 (was €4,479)
- Gross operating margin -€12,874
down €12,874 (-29.8%), from €43,251 to €30,377
- Taxes -€3,630
down €3,630 (-34.7%), from €10,450 to €6,820
- Financial income +€1,918
new in 2025: €1,918
- Depreciation +€724
up €724 (+9.3%), from €7,812 to €8,536
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 | €315,729 | €317,035 | +€1,307 | +0.4% |
| Fixed assets | 21/28 | €21,513 | €12,978 | -€8,536 | -39.7% |
| Tangible fixed assets | 22/27 | €20,413 | €11,878 | -€8,536 | -41.8% |
| Furniture and vehicles | 24 | €5,480 | €3,132 | -€2,349 | -42.9% |
| Leasing and similar rights | 25 | €14,933 | €8,746 | -€6,187 | -41.4% |
| Financial fixed assets | 28 | €1,100 | €1,100 | = | 0.0% |
| Current assets | 29/58 | €294,215 | €304,057 | +€9,842 | +3.3% |
| Amounts receivable within one year | 40/41 | - | €5,607 | +€5,607 | |
| Other amounts receivable | 41 | - | €5,607 | +€5,607 | |
| Current investments | 50/53 | €100,000 | €200,000 | +€100,000 | +100% |
| Cash at bank and in hand | 54/58 | €141,462 | €50,693 | -€90,768 | -64.2% |
| Deferred charges and accrued income | 490/1 | €52,754 | €47,756 | -€4,997 | -9.5% |
| Total equity and liabilities | 10/49 | €315,729 | €317,035 | +€1,307 | +0.4% |
| Equity | 10/15 | €288,061 | €301,695 | +€13,635 | +4.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €219,156 | €232,791 | +€13,635 | +6.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €217,296 | €230,931 | +€13,635 | +6.3% |
| Profit (loss) carried forward | 14 | €56,504 | €56,504 | = | 0.0% |
| Amounts payable | 17/49 | €27,668 | €15,340 | -€12,328 | -44.6% |
| Amounts payable after more than one year | 17 | €4,479 | - | -€4,479 | |
| Financial debts | 170/4 | €4,479 | - | -€4,479 | |
| Amounts payable within one year | 42/48 | €23,189 | €15,340 | -€7,849 | -33.8% |
| Current portion of amounts payable after more than one year | 42 | €8,385 | €7,486 | -€899 | -10.7% |
| Trade debts | 44 | €987 | €2,540 | +€1,553 | +157% |
| Suppliers | 440/4 | €987 | €2,540 | +€1,553 | +157% |
| Taxes, remuneration and social security | 45 | €3,950 | €5,314 | +€1,363 | +34.5% |
| Taxes | 450/3 | €3,950 | €5,314 | +€1,363 | +34.5% |
| Other amounts payable | 47/48 | €9,867 | - | -€9,867 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,812 | €8,536 | +€724 | +9.3% |
| Other operating charges | 640/8 | €2,375 | €2,399 | +€24 | +1.0% |
| Gross operating margin | 9900 | €43,251 | €30,377 | -€12,874 | -29.8% |
| Operating profit (loss) | 9901 | €33,064 | €19,442 | -€13,621 | -41.2% |
| Financial income | 75/76B | - | €1,918 | +€1,918 | |
| Recurring financial income | 75 | - | €1,918 | +€1,918 | |
| Financial charges | 65/66B | €970 | €905 | -€65 | -6.7% |
| Recurring financial charges | 65 | €970 | €905 | -€65 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | €32,094 | €20,455 | -€11,639 | -36.3% |
| Income taxes | 67/77 | €10,450 | €6,820 | -€3,630 | -34.7% |
| Profit (loss) for the period | 9904 | €21,643 | €13,635 | -€8,009 | -37.0% |
| Profit (loss) for the period to be appropriated | 9905 | €21,643 | €13,635 | -€8,009 | -37.0% |
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 14 October 2026 via checked.be.