BL MEDICAL: what changed
BL MEDICAL
Largest movements
- Receivables within one year +€37,305
up €37,305 (+37.1%), from €100,592 to €137,897
of which Trade receivables: +€37,145
- Tangible fixed assets -€31,843
down €31,843 (-27.8%), from €114,442 to €82,599
- Cash +€8,758
up €8,758 (+16.0%), from €54,794 to €63,552
mainly Net result for the year (+€176,944) and Other debts (+€81,752)
- Other debts +€81,752
up €81,752 (+135%), from €60,529 to €142,280
- Profit (loss) carried forward -€38,056
down €38,056 (-45.7%), from €83,329 to €45,273
- Debts after one year -€29,311
down €29,311 (-36.2%), from €80,865 to €51,554
- Tax, wage and social debts -€3,877
down €3,877 (-31.0%), from €12,513 to €8,636
- Gross operating margin +€33,862
up €33,862 (+14.3%), from €236,196 to €270,059
- Taxes +€11,174
up €11,174 (+24.8%), from €45,049 to €56,222
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €270,416 | €284,642 | +€14,226 | +5.3% |
| Fixed assets | 21/28 | €114,442 | €82,599 | -€31,843 | -27.8% |
| Tangible fixed assets | 22/27 | €114,442 | €82,599 | -€31,843 | -27.8% |
| Furniture and vehicles | 24 | €114,442 | €82,599 | -€31,843 | -27.8% |
| Current assets | 29/58 | €155,974 | €202,043 | +€46,069 | +29.5% |
| Amounts receivable within one year | 40/41 | €100,592 | €137,897 | +€37,305 | +37.1% |
| Trade receivables | 40 | €98,898 | €136,043 | +€37,145 | +37.6% |
| Other amounts receivable | 41 | €1,694 | €1,854 | +€160 | +9.4% |
| Cash at bank and in hand | 54/58 | €54,794 | €63,552 | +€8,758 | +16.0% |
| Deferred charges and accrued income | 490/1 | €588 | €594 | +€5 | +0.9% |
| Total equity and liabilities | 10/49 | €270,416 | €284,642 | +€14,226 | +5.3% |
| Equity | 10/15 | €85,329 | €47,273 | -€38,056 | -44.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €83,329 | €45,273 | -€38,056 | -45.7% |
| Amounts payable | 17/49 | €185,087 | €237,369 | +€52,282 | +28.2% |
| Amounts payable after more than one year | 17 | €80,865 | €51,554 | -€29,311 | -36.2% |
| Financial debts | 170/4 | €80,865 | €51,554 | -€29,311 | -36.2% |
| Amounts payable within one year | 42/48 | €104,222 | €185,815 | +€81,593 | +78.3% |
| Current portion of amounts payable after more than one year | 42 | €28,154 | €29,311 | +€1,157 | +4.1% |
| Trade debts | 44 | €3,027 | €5,588 | +€2,561 | +84.6% |
| Suppliers | 440/4 | €3,027 | €5,588 | +€2,561 | +84.6% |
| Taxes, remuneration and social security | 45 | €12,513 | €8,636 | -€3,877 | -31.0% |
| Taxes | 450/3 | €12,513 | €8,636 | -€3,877 | -31.0% |
| Other amounts payable | 47/48 | €60,529 | €142,280 | +€81,752 | +135% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,710 | €31,843 | -€867 | -2.6% |
| Other operating charges | 640/8 | €1,148 | €1,017 | -€131 | -11.4% |
| Gross operating margin | 9900 | €236,196 | €270,059 | +€33,862 | +14.3% |
| Operating profit (loss) | 9901 | €202,339 | €237,199 | +€34,860 | +17.2% |
| Financial charges | 65/66B | €5,129 | €4,032 | -€1,097 | -21.4% |
| Recurring financial charges | 65 | €5,129 | €4,032 | -€1,097 | -21.4% |
| Profit (loss) for the period before taxes | 9903 | €197,210 | €233,166 | +€35,957 | +18.2% |
| Income taxes | 67/77 | €45,049 | €56,222 | +€11,174 | +24.8% |
| Profit (loss) for the period | 9904 | €152,161 | €176,944 | +€24,783 | +16.3% |
| Profit (loss) for the period to be appropriated | 9905 | €152,161 | €176,944 | +€24,783 | +16.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.