BALTIMED: 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.
BALTIMED
Largest movements
- Cash -€27,132
down €27,132 (-17.7%), from €153,446 to €126,314
mainly Net result for the year (-€26,004) and Receivables within one year (-€6,260)
- Receivables within one year +€6,260
up €6,260 (+7.2%), from €87,150 to €93,410
- Tangible fixed assets -€5,328
down €5,328 (-57.3%), from €9,300 to €3,972
of which Furniture and vehicles: -€3,238
- Profit (loss) carried forward -€26,004
down €26,004 (-23.1%), from €112,433 to €86,429
- Gross operating margin -€61,701
down €61,701, from €36,987 to -€24,714
- Taxes -€10,498
down €10,498 (-98.5%), from €10,663 to €165
- Depreciation -€2,935
down €2,935 (-56.6%), from €5,182 to €2,247
- Financial charges +€2,471
up €2,471 (+2787.2%), from €89 to €2,559
of which Non-recurring financial charges: +€2,487
- Financial income +€970
up €970 (+26.2%), from €3,710 to €4,680
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 | €251,306 | €223,697 | -€27,610 | -11.0% |
| Fixed assets | 21/28 | €9,930 | €3,972 | -€5,958 | -60.0% |
| Tangible fixed assets | 22/27 | €9,300 | €3,972 | -€5,328 | -57.3% |
| Plant, machinery and equipment | 23 | €1,893 | €732 | -€1,161 | -61.3% |
| Furniture and vehicles | 24 | €6,478 | €3,240 | -€3,238 | -50.0% |
| Other tangible fixed assets | 26 | €929 | - | -€929 | |
| Financial fixed assets | 28 | €630 | - | -€630 | |
| Current assets | 29/58 | €241,376 | €219,724 | -€21,652 | -9.0% |
| Amounts receivable within one year | 40/41 | €87,150 | €93,410 | +€6,260 | +7.2% |
| Other amounts receivable | 41 | €87,150 | €93,410 | +€6,260 | +7.2% |
| Cash at bank and in hand | 54/58 | €153,446 | €126,314 | -€27,132 | -17.7% |
| Deferred charges and accrued income | 490/1 | €780 | - | -€780 | |
| Total equity and liabilities | 10/49 | €251,306 | €223,697 | -€27,610 | -11.0% |
| Equity | 10/15 | €238,761 | €212,756 | -€26,004 | -10.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €120,127 | €120,127 | = | 0.0% |
| 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 | €1,658 | €1,658 | = | 0.0% |
| Distributable reserves | 133 | €116,609 | €116,609 | = | 0.0% |
| Profit (loss) carried forward | 14 | €112,433 | €86,429 | -€26,004 | -23.1% |
| Amounts payable | 17/49 | €12,546 | €10,940 | -€1,605 | -12.8% |
| Amounts payable within one year | 42/48 | €12,546 | €10,940 | -€1,605 | -12.8% |
| Trade debts | 44 | €685 | €479 | -€205 | -30.0% |
| Suppliers | 440/4 | €685 | €479 | -€205 | -30.0% |
| Taxes, remuneration and social security | 45 | €11,861 | €10,461 | -€1,400 | -11.8% |
| Taxes | 450/3 | €11,861 | €10,461 | -€1,400 | -11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,182 | €2,247 | -€2,935 | -56.6% |
| Other operating charges | 640/8 | €1,926 | €999 | -€927 | -48.1% |
| Gross operating margin | 9900 | €36,987 | -€24,714 | -€61,701 | |
| Operating profit (loss) | 9901 | €29,879 | -€27,960 | -€57,839 | |
| Financial income | 75/76B | €3,710 | €4,680 | +€970 | +26.2% |
| Recurring financial income | 75 | €3,710 | €4,680 | +€970 | +26.2% |
| Financial charges | 65/66B | €89 | €2,559 | +€2,471 | +2787.2% |
| Recurring financial charges | 65 | €89 | €72 | -€17 | -18.8% |
| Non-recurring financial charges | 66B | - | €2,487 | +€2,487 | |
| Profit (loss) for the period before taxes | 9903 | €33,500 | -€25,839 | -€59,339 | |
| Income taxes | 67/77 | €10,663 | €165 | -€10,498 | -98.5% |
| Profit (loss) for the period | 9904 | €22,837 | -€26,004 | -€48,841 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,837 | -€26,004 | -€48,841 |
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 2 October 2026 via checked.be.