AD MEDIC: what changed
Two fiscal 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.
AD MEDIC
Largest movements
- Cash -€16,168
down €16,168 (-55.2%), from €29,295 to €13,127
mainly Contributions, distributions and other (-€24,856) and Debts after one year (-€15,024)
- Intangible fixed assets -€10,000
down €10,000 (-19.9%), from €50,137 to €40,137
- Receivables within one year -€2,916
down €2,916 (-41.3%), from €7,066 to €4,151
- Deferred charges and accrued income +€1,183
up €1,183 (+39.9%), from €2,965 to €4,149
- Debts after one year -€15,024
down €15,024 (-59.8%), from €25,140 to €10,116
- Other debts -€13,072
down €13,072 (-65.0%), from €20,099 to €7,027
- Profit (loss) carried forward +€2,704
up €2,704 (+10.9%), from €24,856 to €27,560
- Tax, wage and social debts -€2,454
down €2,454 (-58.4%), from €4,204 to €1,750
- Other operating charges -€1,004
down €1,004 (-52.2%), from €1,925 to €921
- Financial charges -€754
down €754 (-25.8%), from €2,922 to €2,168
- Gross operating margin -€745
down €745 (-1.5%), from €50,873 to €50,128
- Depreciation +€629
up €629 (+5.7%), from €11,050 to €11,679
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.
Cash bridge derived
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 | €94,323 | €66,478 | -€27,845 | -29.5% |
| Fixed assets | 21/28 | €54,996 | €45,051 | -€9,945 | -18.1% |
| Intangible fixed assets | 21 | €50,137 | €40,137 | -€10,000 | -19.9% |
| Tangible fixed assets | 22/27 | €4,859 | €4,914 | +€55 | +1.1% |
| Plant, machinery and equipment | 23 | €2,302 | €1,825 | -€477 | -20.7% |
| Furniture and vehicles | 24 | €2,557 | €3,090 | +€532 | +20.8% |
| Current assets | 29/58 | €39,327 | €21,427 | -€17,900 | -45.5% |
| Amounts receivable within one year | 40/41 | €7,066 | €4,151 | -€2,916 | -41.3% |
| Other amounts receivable | 41 | €7,066 | €4,151 | -€2,916 | -41.3% |
| Cash at bank and in hand | 54/58 | €29,295 | €13,127 | -€16,168 | -55.2% |
| Deferred charges and accrued income | 490/1 | €2,965 | €4,149 | +€1,183 | +39.9% |
| Total equity and liabilities | 10/49 | €94,323 | €66,478 | -€27,845 | -29.5% |
| Equity | 10/15 | €29,856 | €32,560 | +€2,704 | +9.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,856 | €27,560 | +€2,704 | +10.9% |
| Amounts payable | 17/49 | €64,467 | €33,917 | -€30,550 | -47.4% |
| Amounts payable after more than one year | 17 | €25,140 | €10,116 | -€15,024 | -59.8% |
| Financial debts | 170/4 | €25,140 | €10,116 | -€15,024 | -59.8% |
| Amounts payable within one year | 42/48 | €39,327 | €23,801 | -€15,526 | -39.5% |
| Current portion of amounts payable after more than one year | 42 | €14,845 | €15,024 | +€179 | +1.2% |
| Trade debts | 44 | €179 | - | -€179 | |
| Suppliers | 440/4 | €179 | - | -€179 | |
| Taxes, remuneration and social security | 45 | €4,204 | €1,750 | -€2,454 | -58.4% |
| Taxes | 450/3 | €4,204 | €1,750 | -€2,454 | -58.4% |
| Other amounts payable | 47/48 | €20,099 | €7,027 | -€13,072 | -65.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,050 | €11,679 | +€629 | +5.7% |
| Other operating charges | 640/8 | €1,925 | €921 | -€1,004 | -52.2% |
| Gross operating margin | 9900 | €50,873 | €50,128 | -€745 | -1.5% |
| Operating profit (loss) | 9901 | €37,898 | €37,528 | -€370 | -1.0% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €2,922 | €2,168 | -€754 | -25.8% |
| Recurring financial charges | 65 | €2,922 | €2,168 | -€754 | -25.8% |
| Profit (loss) for the period before taxes | 9903 | €34,976 | €35,361 | +€385 | +1.1% |
| Income taxes | 67/77 | €7,913 | €7,801 | -€112 | -1.4% |
| Profit (loss) for the period | 9904 | €27,063 | €27,560 | +€497 | +1.8% |
| Profit (loss) for the period to be appropriated | 9905 | €27,063 | €27,560 | +€497 | +1.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.