AVH MEDFLEX: 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.
AVH MEDFLEX
Largest movements
- Cash +€149,518
up €149,518 (+128.4%), from €116,407 to €265,925
mainly Net result for the year (+€200,955) and Tax, wage and social debts (+€46,691)
- Receivables within one year +€98,843
up €98,843 (+70.5%), from €140,293 to €239,136
of which Other amounts receivable: +€105,738
- Tangible fixed assets -€10,122
down €10,122 (-4.7%), from €213,237 to €203,115
of which Land and buildings: -€8,778
- Reserves +€154,119
up €154,119 (+178.3%), from €86,453 to €240,572
- Profit (loss) carried forward +€46,836
up €46,836 (+30.4%), from €154,119 to €200,955
- Tax, wage and social debts +€46,691
up €46,691 (+274.6%), from €17,000 to €63,691
- Debts after one year -€11,393
down €11,393 (-5.8%), from €195,407 to €184,015
- Gross operating margin +€41,066
up €41,066 (+17.6%), from €233,460 to €274,526
- Depreciation -€19,482
down €19,482 (-65.8%), from €29,604 to €10,122
- Taxes +€16,490
up €16,490 (+35.8%), from €46,028 to €62,518
- Financial income +€4,535
up €4,535 (+121.3%), from €3,738 to €8,273
- Financial charges +€3,061
up €3,061 (+77.2%), from €3,966 to €7,027
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 | €469,937 | €708,176 | +€238,239 | +50.7% |
| Fixed assets | 21/28 | €213,237 | €203,115 | -€10,122 | -4.7% |
| Tangible fixed assets | 22/27 | €213,237 | €203,115 | -€10,122 | -4.7% |
| Land and buildings | 22 | €210,033 | €201,255 | -€8,778 | -4.2% |
| Plant, machinery and equipment | 23 | €1,689 | €1,256 | -€433 | -25.6% |
| Furniture and vehicles | 24 | €1,515 | €604 | -€911 | -60.1% |
| Current assets | 29/58 | €256,700 | €505,061 | +€248,361 | +96.8% |
| Amounts receivable within one year | 40/41 | €140,293 | €239,136 | +€98,843 | +70.5% |
| Trade receivables | 40 | €36,575 | €29,679 | -€6,895 | -18.9% |
| Other amounts receivable | 41 | €103,718 | €209,457 | +€105,738 | +101.9% |
| Cash at bank and in hand | 54/58 | €116,407 | €265,925 | +€149,518 | +128.4% |
| Total equity and liabilities | 10/49 | €469,937 | €708,176 | +€238,239 | +50.7% |
| Equity | 10/15 | €244,572 | €445,527 | +€200,955 | +82.2% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €86,453 | €240,572 | +€154,119 | +178.3% |
| Distributable reserves | 133 | €86,453 | €240,572 | +€154,119 | +178.3% |
| Profit (loss) carried forward | 14 | €154,119 | €200,955 | +€46,836 | +30.4% |
| Amounts payable | 17/49 | €225,365 | €262,648 | +€37,284 | +16.5% |
| Amounts payable after more than one year | 17 | €195,407 | €184,015 | -€11,393 | -5.8% |
| Financial debts | 170/4 | €195,407 | €184,015 | -€11,393 | -5.8% |
| Amounts payable within one year | 42/48 | €29,957 | €78,634 | +€48,676 | +162.5% |
| Current portion of amounts payable after more than one year | 42 | €11,007 | €11,393 | +€386 | +3.5% |
| Trade debts | 44 | €1,950 | €3,550 | +€1,600 | +82.1% |
| Suppliers | 440/4 | €1,950 | €3,550 | +€1,600 | +82.1% |
| Taxes, remuneration and social security | 45 | €17,000 | €63,691 | +€46,691 | +274.6% |
| Taxes | 450/3 | €17,000 | €63,691 | +€46,691 | +274.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,604 | €10,122 | -€19,482 | -65.8% |
| Other operating charges | 640/8 | €3,481 | €2,177 | -€1,304 | -37.5% |
| Gross operating margin | 9900 | €233,460 | €274,526 | +€41,066 | +17.6% |
| Operating profit (loss) | 9901 | €200,375 | €262,227 | +€61,852 | +30.9% |
| Financial income | 75/76B | €3,738 | €8,273 | +€4,535 | +121.3% |
| Recurring financial income | 75 | €3,738 | €8,273 | +€4,535 | +121.3% |
| Financial charges | 65/66B | €3,966 | €7,027 | +€3,061 | +77.2% |
| Recurring financial charges | 65 | €3,966 | €7,027 | +€3,061 | +77.2% |
| Profit (loss) for the period before taxes | 9903 | €200,147 | €263,473 | +€63,326 | +31.6% |
| Income taxes | 67/77 | €46,028 | €62,518 | +€16,490 | +35.8% |
| Profit (loss) for the period | 9904 | €154,119 | €200,955 | +€46,836 | +30.4% |
| Profit (loss) for the period to be appropriated | 9905 | €154,119 | €200,955 | +€46,836 | +30.4% |
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 6 October 2026 via checked.be.