D. 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.
D. MEDICAL
Largest movements
- Cash -€23,702
down €23,702 (-40.1%), from €59,178 to €35,475
mainly Other debts (-€32,080) and Tax, wage and social debts (-€10,044)
- Receivables after one year -€5,386
down €5,386 (-2.1%), from €254,312 to €248,926
- Other debts -€32,080
down €32,080 (-100%), from €32,080 to €0
- Reserves +€15,852
up €15,852 (+5.6%), from €284,934 to €300,786
of which Distributable reserves: +€15,852
- Tax, wage and social debts -€10,044
down €10,044 (-100%), from €10,044 to €0
- Gross operating margin -€10,013
down €10,013 (-29.1%), from €34,376 to €24,363
- Taxes -€3,588
down €3,588 (-27.4%), from €13,083 to €9,495
- Financial income -€2,275
down €2,275 (-23.9%), from €9,513 to €7,239
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 | €346,574 | €320,466 | -€26,109 | -7.5% |
| Fixed assets | 21/28 | €16,159 | €16,952 | +€793 | +4.9% |
| Tangible fixed assets | 22/27 | €16,159 | €16,952 | +€793 | +4.9% |
| Land and buildings | 22 | €14,238 | €12,531 | -€1,708 | -12.0% |
| Plant, machinery and equipment | 23 | - | €2,742 | +€2,742 | |
| Furniture and vehicles | 24 | €241 | €0 | -€241 | -100% |
| Other tangible fixed assets | 26 | €1,680 | €1,680 | = | 0.0% |
| Current assets | 29/58 | €330,415 | €303,513 | -€26,902 | -8.1% |
| Amounts receivable after more than one year | 29 | €254,312 | €248,926 | -€5,386 | -2.1% |
| Other amounts receivable | 291 | €254,312 | €248,926 | -€5,386 | -2.1% |
| Amounts receivable within one year | 40/41 | €6,847 | €9,720 | +€2,873 | +42.0% |
| Trade receivables | 40 | €139 | €0 | -€139 | -100% |
| Other amounts receivable | 41 | €6,708 | €9,720 | +€3,012 | +44.9% |
| Current investments | 50/53 | €6,976 | €6,976 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €59,178 | €35,475 | -€23,702 | -40.1% |
| Deferred charges and accrued income | 490/1 | €3,103 | €2,416 | -€686 | -22.1% |
| Total equity and liabilities | 10/49 | €346,574 | €320,466 | -€26,109 | -7.5% |
| Equity | 10/15 | €296,830 | €312,682 | +€15,852 | +5.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €284,934 | €300,786 | +€15,852 | +5.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €283,074 | €298,926 | +€15,852 | +5.6% |
| Profit (loss) carried forward | 14 | €5,696 | €5,696 | = | 0.0% |
| Amounts payable | 17/49 | €49,744 | €7,784 | -€41,960 | -84.4% |
| Amounts payable within one year | 42/48 | €49,744 | €7,784 | -€41,960 | -84.4% |
| Financial debts | 43 | €4,823 | €5,161 | +€338 | +7.0% |
| Credit institutions | 430/8 | €4,823 | €5,161 | +€338 | +7.0% |
| Trade debts | 44 | €2,797 | €2,623 | -€174 | -6.2% |
| Suppliers | 440/4 | €2,797 | €2,623 | -€174 | -6.2% |
| Taxes, remuneration and social security | 45 | €10,044 | €0 | -€10,044 | -100% |
| Taxes | 450/3 | €10,044 | €0 | -€10,044 | -100% |
| Other amounts payable | 47/48 | €32,080 | €0 | -€32,080 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,613 | €2,556 | -€57 | -2.2% |
| Other operating charges | 640/8 | €2,799 | €3,016 | +€217 | +7.8% |
| Gross operating margin | 9900 | €34,376 | €24,363 | -€10,013 | -29.1% |
| Operating profit (loss) | 9901 | €28,964 | €18,791 | -€10,173 | -35.1% |
| Financial income | 75/76B | €9,513 | €7,239 | -€2,275 | -23.9% |
| Recurring financial income | 75 | €9,513 | €7,239 | -€2,275 | -23.9% |
| Financial charges | 65/66B | €515 | €683 | +€168 | +32.7% |
| Recurring financial charges | 65 | €515 | €683 | +€168 | +32.7% |
| Profit (loss) for the period before taxes | 9903 | €37,962 | €25,346 | -€12,616 | -33.2% |
| Income taxes | 67/77 | €13,083 | €9,495 | -€3,588 | -27.4% |
| Profit (loss) for the period | 9904 | €24,879 | €15,852 | -€9,028 | -36.3% |
| Profit (loss) for the period to be appropriated | 9905 | €24,879 | €15,852 | -€9,028 | -36.3% |
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 28 October 2026 via checked.be.