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BB MED: 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.

What changed

BB MED

BE 0801.954.428
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€126,983
2024 · €145,444-€18,461
Equity
€348,743
2024 · €222,593+€126,150
Cash
€156,327
2024 · €199,475-€43,147
Balance sheet total
€479,922
2024 · €347,113+€132,809

Largest movements

2024 to 2025
Assets
  • Tangible fixed assets +€87,283

    up €87,283 (+108.4%), from €80,505 to €167,789

    of which Other tangible fixed assets: +€105,603

  • Receivables after one year +€60,000

    new in 2025: €60,000

  • Cash -€43,147

    down €43,147 (-21.6%), from €199,475 to €156,327

    mainly Investment in fixed assets (net) (-€117,578) and Receivables after one year (-€60,000)

  • Current investments +€29,510

    up €29,510 (+49.1%), from €60,150 to €89,660

Equity and liabilities
  • Reserves +€126,150

    up €126,150 (+57.4%), from €219,593 to €345,743

  • Tax, wage and social debts +€20,501

    up €20,501 (+20.7%), from €98,948 to €119,449

  • Other debts -€10,359

    down €10,359 (-48.0%), from €21,563 to €11,204

Income statement
  • Gross operating margin -€26,955

    down €26,955 (-11.5%), from €233,584 to €206,629

  • Taxes -€12,662

    down €12,662 (-20.0%), from €63,179 to €50,517

  • Depreciation +€9,560

    up €9,560 (+46.1%), from €20,735 to €30,295

  • Financial income +€3,394

    up €3,394 (+488.1%), from €695 to €4,089

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 €145,444
Gross operating margin -€26,955
Depreciation -€9,560
Other operating charges +€79
Financial income +€3,394
Financial charges +€1,920
Taxes +€12,662
Result 2025 €126,983

Cash bridge derived

cash 2024 to 2025

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.

From operations +€104,774
Investment -€147,088
Financing -€833
Cash 2024 €199,475
Net result for the year +€126,983
Depreciation +€30,295
Receivables after one year -€60,000
Receivables within one year +€2,728
Deferred charges and accrued income -€1,892
Trade debts -€241
Tax, wage and social debts +€20,501
Other debts -€10,359
Accrued charges and deferred income -€3,241
Investment in fixed assets (net) -€117,578
Current investments -€29,510
Contributions, distributions and other -€833
Cash 2025 €156,327
Every line side by side 41 lines
Line Code 2024 2025 Change %
Total assets 20/58 €347,113 €479,922 +€132,809 +38.3%
Fixed assets 21/28 €80,505 €167,789 +€87,283 +108.4%
Tangible fixed assets 22/27 €80,505 €167,789 +€87,283 +108.4%
Furniture and vehicles 24 €76,408 €58,089 -€18,320 -24.0%
Other tangible fixed assets 26 €4,097 €109,700 +€105,603 +2577.5%
Current assets 29/58 €266,607 €312,133 +€45,526 +17.1%
Amounts receivable after more than one year 29 - €60,000 +€60,000
Other amounts receivable 291 - €60,000 +€60,000
Amounts receivable within one year 40/41 €2,728 €0 -€2,728 -100.0%
Trade receivables 40 €2,728 €0 -€2,728 -100.0%
Current investments 50/53 €60,150 €89,660 +€29,510 +49.1%
Cash at bank and in hand 54/58 €199,475 €156,327 -€43,147 -21.6%
Deferred charges and accrued income 490/1 €4,254 €6,146 +€1,892 +44.5%
Total equity and liabilities 10/49 €347,113 €479,922 +€132,809 +38.3%
Equity 10/15 €222,593 €348,743 +€126,150 +56.7%
Contributions 10/11 €3,000 €3,000 = 0.0%
Reserves 13 €219,593 €345,743 +€126,150 +57.4%
Distributable reserves 133 €219,593 €345,743 +€126,150 +57.4%
Profit (loss) carried forward 14 €0 €0 =
Amounts payable 17/49 €124,520 €131,180 +€6,660 +5.3%
Amounts payable after more than one year 17 €0 - =
Other amounts payable 178/9 €0 - =
Amounts payable within one year 42/48 €121,279 €131,180 +€9,901 +8.2%
Trade debts 44 €768 €527 -€241 -31.4%
Suppliers 440/4 €768 €527 -€241 -31.4%
Taxes, remuneration and social security 45 €98,948 €119,449 +€20,501 +20.7%
Taxes 450/3 €98,948 €119,449 +€20,501 +20.7%
Other amounts payable 47/48 €21,563 €11,204 -€10,359 -48.0%
Accrued charges and deferred income 492/3 €3,241 €0 -€3,241 -100.0%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €20,735 €30,295 +€9,560 +46.1%
Other operating charges 640/8 €1,494 €1,416 -€79 -5.3%
Gross operating margin 9900 €233,584 €206,629 -€26,955 -11.5%
Operating profit (loss) 9901 €211,354 €174,918 -€36,437 -17.2%
Financial income 75/76B €695 €4,089 +€3,394 +488.1%
Recurring financial income 75 €695 €4,089 +€3,394 +488.1%
Financial charges 65/66B €3,427 €1,507 -€1,920 -56.0%
Recurring financial charges 65 €3,427 €1,507 -€1,920 -56.0%
Profit (loss) for the period before taxes 9903 €208,623 €177,500 -€31,123 -14.9%
Income taxes 67/77 €63,179 €50,517 -€12,662 -20.0%
Profit (loss) for the period 9904 €145,444 €126,983 -€18,461 -12.7%
Profit (loss) for the period to be appropriated 9905 €145,444 €126,983 -€18,461 -12.7%

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 29 September 2026 via checked.be.