Beluga Medic: what changed
Two financial 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.
Beluga Medic
Largest movements
- Cash -€246,824
down €246,824 (-76.1%), from €324,189 to €77,365
mainly Contributions, distributions and other (-€359,558) and Investment in fixed assets (net) (-€15,671)
- Deferred charges and accrued income +€8,998
up €8,998 (+785%), from €1,146 to €10,144
- Intangible fixed assets +€6,208
new in 2025: €6,208
- Reserves -€279,436
no longer reported in 2025 (was €279,436)
- Other debts +€50,100
up €50,100 (+105%), from €47,923 to €98,023
- Gross operating margin +€19,998
up €19,998 (+20.1%), from €99,471 to €119,469
- Other operating charges +€5,285
up €5,285 (+172%), from €3,065 to €8,350
- Depreciation +€3,962
up €3,962 (+129%), from €3,080 to €7,042
- Taxes +€2,583
up €2,583 (+12.1%), from €21,358 to €23,941
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.
Derived cash bridge
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 | €350,532 | €118,762 | -€231,770 | -66.1% |
| Fixed assets | 21/28 | €15,980 | €24,610 | +€8,630 | +54.0% |
| Intangible fixed assets | 21 | - | €6,208 | +€6,208 | |
| Tangible fixed assets | 22/27 | €15,980 | €18,401 | +€2,421 | +15.2% |
| Plant, machinery and equipment | 23 | €6,208 | €2,311 | -€3,897 | -62.8% |
| Furniture and vehicles | 24 | €9,772 | €16,090 | +€6,318 | +64.7% |
| Current assets | 29/58 | €334,552 | €94,152 | -€240,400 | -71.9% |
| Amounts receivable within one year | 40/41 | €9,217 | €6,643 | -€2,574 | -27.9% |
| Trade receivables | 40 | €8,121 | €6,504 | -€1,617 | -19.9% |
| Other amounts receivable | 41 | €1,097 | €139 | -€957 | -87.3% |
| Cash at bank and in hand | 54/58 | €324,189 | €77,365 | -€246,824 | -76.1% |
| Deferred charges and accrued income | 490/1 | €1,146 | €10,144 | +€8,998 | +785% |
| Total equity and liabilities | 10/49 | €350,532 | €118,762 | -€231,770 | -66.1% |
| Equity | 10/15 | €289,436 | €10,000 | -€279,436 | -96.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €279,436 | - | -€279,436 | |
| Distributable reserves | 133 | €279,436 | - | -€279,436 | |
| Amounts payable | 17/49 | €61,095 | €108,762 | +€47,666 | +78.0% |
| Amounts payable within one year | 42/48 | €61,095 | €108,762 | +€47,666 | +78.0% |
| Trade debts | 44 | €2,915 | €611 | -€2,304 | -79.0% |
| Suppliers | 440/4 | €2,915 | €611 | -€2,304 | -79.0% |
| Taxes, remuneration and social security | 45 | €10,257 | €10,127 | -€129 | -1.3% |
| Taxes | 450/3 | €9,824 | €7,541 | -€2,283 | -23.2% |
| Remuneration and social security | 454/9 | €433 | €2,586 | +€2,153 | +497% |
| Other amounts payable | 47/48 | €47,923 | €98,023 | +€50,100 | +105% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,080 | €7,042 | +€3,962 | +129% |
| Other operating charges | 640/8 | €3,065 | €8,350 | +€5,285 | +172% |
| Gross operating margin | 9900 | €99,471 | €119,469 | +€19,998 | +20.1% |
| Operating profit (loss) | 9901 | €93,327 | €104,077 | +€10,751 | +11.5% |
| Financial income | 75/76B | €43 | €18 | -€25 | -58.6% |
| Recurring financial income | 75 | €43 | €18 | -€25 | -58.6% |
| Financial charges | 65/66B | €49 | €33 | -€16 | -33.1% |
| Recurring financial charges | 65 | €49 | €33 | -€16 | -33.1% |
| Profit (loss) for the period before taxes | 9903 | €93,320 | €104,062 | +€10,742 | +11.5% |
| Income taxes | 67/77 | €21,358 | €23,941 | +€2,583 | +12.1% |
| Profit (loss) for the period | 9904 | €71,962 | €80,121 | +€8,159 | +11.3% |
| Profit (loss) for the period to be appropriated | 9905 | €71,962 | €80,121 | +€8,159 | +11.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.