CEDEK MEDICAL: 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.
CEDEK MEDICAL
Largest movements
- Cash -€196,447
down €196,447 (-40.6%), from €483,639 to €287,192
mainly Trade debts (-€232,998) and Receivables within one year (-€174,676)
- Receivables within one year +€174,676
up €174,676 (+36.4%), from €480,424 to €655,100
of which Other amounts receivable: +€160,995
- Tangible fixed assets +€66,851
up €66,851 (+117%), from €57,259 to €124,110
of which Furniture and vehicles: +€73,457
- Stocks and contracts +€12,140
up €12,140 (+10.0%), from €120,903 to €133,043
- Profit (loss) carried forward +€276,198
up €276,198 (+82.3%), from €335,634 to €611,831
- Trade debts -€232,998
down €232,998 (-57.7%), from €403,547 to €170,549
- Tax, wage and social debts +€54,890
up €54,890 (+207%), from €26,555 to €81,446
of which Taxes: +€41,439
- Current portion of long-term debt -€41,250
down €41,250 (-100%), from €41,250 to €0
- Gross operating margin -€54,563
down €54,563 (-7.8%), from €698,875 to €644,313
- Depreciation +€14,754
up €14,754 (+98.0%), from €15,048 to €29,802
- Taxes -€12,986
down €12,986 (-11.3%), from €115,254 to €102,268
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 | €1,148,405 | €1,204,602 | +€56,197 | +4.9% |
| Fixed assets | 21/28 | €62,750 | €128,001 | +€65,251 | +104% |
| Intangible fixed assets | 21 | €4,660 | €3,060 | -€1,600 | -34.3% |
| Tangible fixed assets | 22/27 | €57,259 | €124,110 | +€66,851 | +117% |
| Plant, machinery and equipment | 23 | €3,129 | €967 | -€2,162 | -69.1% |
| Furniture and vehicles | 24 | €37,343 | €110,800 | +€73,457 | +197% |
| Other tangible fixed assets | 26 | €16,788 | €12,344 | -€4,444 | -26.5% |
| Financial fixed assets | 28 | €831 | €831 | = | 0.0% |
| Current assets | 29/58 | €1,085,655 | €1,076,601 | -€9,054 | -0.8% |
| Stocks and contracts in progress | 3 | €120,903 | €133,043 | +€12,140 | +10.0% |
| Stocks | 30/36 | €120,903 | €133,043 | +€12,140 | +10.0% |
| Amounts receivable within one year | 40/41 | €480,424 | €655,100 | +€174,676 | +36.4% |
| Trade receivables | 40 | €450,019 | €463,700 | +€13,681 | +3.0% |
| Other amounts receivable | 41 | €30,405 | €191,401 | +€160,995 | +529% |
| Cash at bank and in hand | 54/58 | €483,639 | €287,192 | -€196,447 | -40.6% |
| Deferred charges and accrued income | 490/1 | €689 | €1,265 | +€576 | +83.7% |
| Total equity and liabilities | 10/49 | €1,148,405 | €1,204,602 | +€56,197 | +4.9% |
| Equity | 10/15 | €665,030 | €941,228 | +€276,198 | +41.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €310,805 | €310,805 | = | 0.0% |
| Distributable reserves | 133 | €310,805 | €310,805 | = | 0.0% |
| Profit (loss) carried forward | 14 | €335,634 | €611,831 | +€276,198 | +82.3% |
| Amounts payable | 17/49 | €483,374 | €263,374 | -€220,001 | -45.5% |
| Amounts payable within one year | 42/48 | €483,374 | €263,374 | -€220,001 | -45.5% |
| Current portion of amounts payable after more than one year | 42 | €41,250 | €0 | -€41,250 | -100% |
| Trade debts | 44 | €403,547 | €170,549 | -€232,998 | -57.7% |
| Suppliers | 440/4 | €403,547 | €170,549 | -€232,998 | -57.7% |
| Taxes, remuneration and social security | 45 | €26,555 | €81,446 | +€54,890 | +207% |
| Taxes | 450/3 | €274 | €41,713 | +€41,439 | +15,105% |
| Remuneration and social security | 454/9 | €26,281 | €39,732 | +€13,451 | +51.2% |
| Other amounts payable | 47/48 | €12,022 | €11,379 | -€643 | -5.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €236,810 | €243,418 | +€6,609 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,048 | €29,802 | +€14,754 | +98.0% |
| Other operating charges | 640/8 | €1,182 | €4,250 | +€3,069 | +260% |
| Gross operating margin | 9900 | €698,875 | €644,313 | -€54,563 | -7.8% |
| Operating profit (loss) | 9901 | €445,835 | €366,842 | -€78,993 | -17.7% |
| Financial income | 75/76B | €9,236 | €14,422 | +€5,187 | +56.2% |
| Recurring financial income | 75 | €9,236 | €14,422 | +€5,187 | +56.2% |
| Financial charges | 65/66B | €4,184 | €2,799 | -€1,385 | -33.1% |
| Recurring financial charges | 65 | €4,184 | €2,799 | -€1,385 | -33.1% |
| Profit (loss) for the period before taxes | 9903 | €450,888 | €378,466 | -€72,422 | -16.1% |
| Income taxes | 67/77 | €115,254 | €102,268 | -€12,986 | -11.3% |
| Profit (loss) for the period | 9904 | €335,634 | €276,198 | -€59,436 | -17.7% |
| Profit (loss) for the period to be appropriated | 9905 | €335,634 | €276,198 | -€59,436 | -17.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.