AAGEM MEDICS: what changed
AAGEM MEDICS
Largest movements
- Cash -€17,882
down €17,882 (-59.1%), from €30,238 to €12,356
mainly Current portion of long-term debt (-€32,234) and Other debts (-€21,546)
- Tangible fixed assets -€13,852
down €13,852 (-5.2%), from €264,350 to €250,498
of which Land and buildings: -€12,801
- Current portion of long-term debt -€32,234
no longer reported in 2025 (was €32,234)
- Reserves +€25,638
up €25,638 (+13.8%), from €185,216 to €210,854
- Other debts -€21,546
down €21,546 (-47.3%), from €45,543 to €23,997
- Gross operating margin -€9,038
down €9,038 (-14.9%), from €60,860 to €51,822
- Taxes -€1,926
down €1,926 (-18.4%), from €10,472 to €8,546
- Financial charges -€1,598
down €1,598 (-60.3%), from €2,651 to €1,053
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €295,230 | €266,668 | -€28,562 | -9.7% |
| Fixed assets | 21/28 | €264,350 | €250,498 | -€13,852 | -5.2% |
| Tangible fixed assets | 22/27 | €264,350 | €250,498 | -€13,852 | -5.2% |
| Land and buildings | 22 | €258,396 | €245,595 | -€12,801 | -5.0% |
| Plant, machinery and equipment | 23 | €5,954 | €4,903 | -€1,051 | -17.7% |
| Current assets | 29/58 | €30,880 | €16,170 | -€14,710 | -47.6% |
| Amounts receivable within one year | 40/41 | - | €2,820 | +€2,820 | |
| Other amounts receivable | 41 | - | €2,820 | +€2,820 | |
| Cash at bank and in hand | 54/58 | €30,238 | €12,356 | -€17,882 | -59.1% |
| Deferred charges and accrued income | 490/1 | €642 | €994 | +€352 | +54.8% |
| Total equity and liabilities | 10/49 | €295,230 | €266,668 | -€28,562 | -9.7% |
| Equity | 10/15 | €215,216 | €240,854 | +€25,638 | +11.9% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €185,216 | €210,854 | +€25,638 | +13.8% |
| Distributable reserves | 133 | €185,216 | €210,854 | +€25,638 | +13.8% |
| Amounts payable | 17/49 | €80,014 | €25,814 | -€54,200 | -67.7% |
| Amounts payable within one year | 42/48 | €78,249 | €23,997 | -€54,252 | -69.3% |
| Current portion of amounts payable after more than one year | 42 | €32,234 | - | -€32,234 | |
| Taxes, remuneration and social security | 45 | €472 | - | -€472 | |
| Taxes | 450/3 | €472 | - | -€472 | |
| Other amounts payable | 47/48 | €45,543 | €23,997 | -€21,546 | -47.3% |
| Accrued charges and deferred income | 492/3 | €1,765 | €1,817 | +€52 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,852 | €13,852 | = | 0.0% |
| Other operating charges | 640/8 | €2,532 | €2,733 | +€201 | +7.9% |
| Gross operating margin | 9900 | €60,860 | €51,822 | -€9,038 | -14.9% |
| Operating profit (loss) | 9901 | €44,476 | €35,237 | -€9,239 | -20.8% |
| Financial charges | 65/66B | €2,651 | €1,053 | -€1,598 | -60.3% |
| Recurring financial charges | 65 | €2,651 | €1,053 | -€1,598 | -60.3% |
| Profit (loss) for the period before taxes | 9903 | €41,825 | €34,184 | -€7,641 | -18.3% |
| Income taxes | 67/77 | €10,472 | €8,546 | -€1,926 | -18.4% |
| Profit (loss) for the period | 9904 | €31,353 | €25,638 | -€5,715 | -18.2% |
| Profit (loss) for the period to be appropriated | 9905 | €31,353 | €25,638 | -€5,715 | -18.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.