AG MED: what changed
AG MED
Largest movements
- Cash +€520,347
up €520,347 (+75.2%), from €691,859 to €1.2m
mainly Current investments (+€425,000) and Net result for the year (+€192,032)
- Current investments -€425,000
down €425,000 (-78.6%), from €540,442 to €115,442
- Reserves +€192,032
up €192,032 (+29.5%), from €650,509 to €842,541
of which Distributable reserves: +€192,032
- Other debts -€89,431
down €89,431 (-15.9%), from €562,750 to €473,319
- Tax, wage and social debts -€14,702
down €14,702 (-41.6%), from €35,305 to €20,603
- Gross operating margin +€30,618
up €30,618 (+11.0%), from €278,101 to €308,719
- Taxes +€25,506
up €25,506 (+43.2%), from €59,102 to €84,608
- Financial charges +€12,333
up €12,333 (+46.0%), from €26,829 to €39,161
- Financial income +€8,015
up €8,015 (+62.2%), from €12,877 to €20,891
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 | €1,301,159 | €1,394,703 | +€93,544 | +7.2% |
| Fixed assets | 21/28 | €61,750 | €52,163 | -€9,588 | -15.5% |
| Tangible fixed assets | 22/27 | €61,750 | €52,163 | -€9,588 | -15.5% |
| Land and buildings | 22 | €12,284 | €10,447 | -€1,837 | -15.0% |
| Plant, machinery and equipment | 23 | €967 | €717 | -€250 | -25.9% |
| Furniture and vehicles | 24 | €48,500 | €40,999 | -€7,501 | -15.5% |
| Current assets | 29/58 | €1,239,408 | €1,342,541 | +€103,132 | +8.3% |
| Amounts receivable within one year | 40/41 | - | €9,629 | +€9,629 | |
| Other amounts receivable | 41 | - | €9,629 | +€9,629 | |
| Current investments | 50/53 | €540,442 | €115,442 | -€425,000 | -78.6% |
| Cash at bank and in hand | 54/58 | €691,859 | €1,212,207 | +€520,347 | +75.2% |
| Deferred charges and accrued income | 490/1 | €7,107 | €5,264 | -€1,844 | -25.9% |
| Total equity and liabilities | 10/49 | €1,301,159 | €1,394,703 | +€93,544 | +7.2% |
| Equity | 10/15 | €669,109 | €861,141 | +€192,032 | +28.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €650,509 | €842,541 | +€192,032 | +29.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €63,150 | €63,150 | = | 0.0% |
| Distributable reserves | 133 | €585,499 | €777,531 | +€192,032 | +32.8% |
| Amounts payable | 17/49 | €632,050 | €533,562 | -€98,487 | -15.6% |
| Amounts payable within one year | 42/48 | €605,366 | €494,549 | -€110,817 | -18.3% |
| Trade debts | 44 | €7,311 | €627 | -€6,684 | -91.4% |
| Suppliers | 440/4 | €7,311 | €627 | -€6,684 | -91.4% |
| Taxes, remuneration and social security | 45 | €35,305 | €20,603 | -€14,702 | -41.6% |
| Taxes | 450/3 | €35,305 | €20,603 | -€14,702 | -41.6% |
| Other amounts payable | 47/48 | €562,750 | €473,319 | -€89,431 | -15.9% |
| Accrued charges and deferred income | 492/3 | €26,684 | €39,013 | +€12,330 | +46.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,467 | €13,588 | +€1,121 | +9.0% |
| Other operating charges | 640/8 | €196 | €222 | +€25 | +12.9% |
| Gross operating margin | 9900 | €278,101 | €308,719 | +€30,618 | +11.0% |
| Operating profit (loss) | 9901 | €265,438 | €294,910 | +€29,472 | +11.1% |
| Financial income | 75/76B | €12,877 | €20,891 | +€8,015 | +62.2% |
| Recurring financial income | 75 | €12,877 | €20,891 | +€8,015 | +62.2% |
| Financial charges | 65/66B | €26,829 | €39,161 | +€12,333 | +46.0% |
| Recurring financial charges | 65 | €26,829 | €39,161 | +€12,333 | +46.0% |
| Profit (loss) for the period before taxes | 9903 | €251,486 | €276,640 | +€25,154 | +10.0% |
| Income taxes | 67/77 | €59,102 | €84,608 | +€25,506 | +43.2% |
| Profit (loss) for the period | 9904 | €192,384 | €192,032 | -€352 | -0.2% |
| Profit (loss) for the period to be appropriated | 9905 | €192,384 | €192,032 | -€352 | -0.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.