BELGIMED: 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.
BELGIMED
Largest movements
- Cash -€58,224
down €58,224 (-66.5%), from €87,544 to €29,320
mainly Current investments (-€36,627) and Investment in fixed assets (net) (-€25,132)
- Current investments +€36,627
up €36,627 (+22.2%), from €165,000 to €201,627
- Financial fixed assets +€25,132
up €25,132 (+19.8%), from €126,932 to €152,064
- Receivables within one year -€6,916
down €6,916 (-99.1%), from €6,976 to €61
of which Trade receivables: -€5,939
- Other debts -€12,705
down €12,705 (-7.7%), from €165,435 to €152,730
- Profit (loss) carried forward +€8,733
up €8,733 (+9.3%), from -€93,969 to -€85,237
- Other operating charges -€100,131
down €100,131 (-99.5%), from €100,651 to €520
- Financial charges -€2,143
down €2,143 (-96.9%), from €2,213 to €70
- Financial income +€1,752
up €1,752 (+306.1%), from €572 to €2,325
- Gross operating margin +€882
up €882 (+13.0%), from €6,812 to €7,695
- Taxes +€697
new in 2025: €697
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 | €386,453 | €383,464 | -€2,989 | -0.8% |
| Fixed assets | 21/28 | €126,932 | €152,064 | +€25,132 | +19.8% |
| Financial fixed assets | 28 | €126,932 | €152,064 | +€25,132 | +19.8% |
| Current assets | 29/58 | €259,521 | €231,400 | -€28,121 | -10.8% |
| Amounts receivable within one year | 40/41 | €6,976 | €61 | -€6,916 | -99.1% |
| Trade receivables | 40 | €6,000 | €61 | -€5,939 | -99.0% |
| Other amounts receivable | 41 | €976 | €0 | -€976 | -100.0% |
| Current investments | 50/53 | €165,000 | €201,627 | +€36,627 | +22.2% |
| Cash at bank and in hand | 54/58 | €87,544 | €29,320 | -€58,224 | -66.5% |
| Deferred charges and accrued income | 490/1 | - | €393 | +€393 | |
| Total equity and liabilities | 10/49 | €386,453 | €383,464 | -€2,989 | -0.8% |
| Equity | 10/15 | €220,251 | €228,983 | +€8,733 | +4.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €295,628 | €295,628 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €293,768 | €293,768 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€93,969 | -€85,237 | +€8,733 | +9.3% |
| Amounts payable | 17/49 | €166,203 | €154,481 | -€11,722 | -7.1% |
| Amounts payable within one year | 42/48 | €166,203 | €154,481 | -€11,722 | -7.1% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €767 | €0 | -€767 | -100.0% |
| Suppliers | 440/4 | €767 | €0 | -€767 | -100.0% |
| Taxes, remuneration and social security | 45 | €0 | €1,751 | +€1,751 | |
| Taxes | 450/3 | €0 | €1,751 | +€1,751 | |
| Other amounts payable | 47/48 | €165,435 | €152,730 | -€12,705 | -7.7% |
| Other operating charges | 640/8 | €100,651 | €520 | -€100,131 | -99.5% |
| Gross operating margin | 9900 | €6,812 | €7,695 | +€882 | +13.0% |
| Operating profit (loss) | 9901 | -€93,839 | €7,175 | +€101,014 | |
| Financial income | 75/76B | €572 | €2,325 | +€1,752 | +306.1% |
| Recurring financial income | 75 | €572 | €2,325 | +€1,752 | +306.1% |
| Financial charges | 65/66B | €2,213 | €70 | -€2,143 | -96.9% |
| Recurring financial charges | 65 | €2,213 | €70 | -€2,143 | -96.9% |
| Profit (loss) for the period before taxes | 9903 | -€95,479 | €9,430 | +€104,909 | |
| Income taxes | 67/77 | - | €697 | +€697 | |
| Profit (loss) for the period | 9904 | -€95,479 | €8,733 | +€104,212 | |
| Profit (loss) for the period to be appropriated | 9905 | -€95,479 | €8,733 | +€104,212 |
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 7 October 2026 via checked.be.