DS - 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.
DS - Medical
Largest movements
- Current investments +€751,739
new in 2025: €751,739
- Cash -€723,122
down €723,122 (-87.8%), from €823,570 to €100,447
mainly Current investments (-€751,739) and Debts after one year (-€407,734)
- Intangible fixed assets -€78,571
down €78,571 (-30.8%), from €255,357 to €176,786
- Tangible fixed assets -€56,747
down €56,747 (-38.9%), from €145,741 to €88,994
of which Plant, machinery and equipment: -€72,246
- Receivables after one year -€14,065
down €14,065 (-34.2%), from €41,166 to €27,101
- Debts after one year -€407,734
down €407,734 (-77.0%), from €529,734 to €122,000
of which Other amounts payable: -€333,000
- Other debts +€274,015
up €274,015 (+751%), from €36,488 to €310,503
- Current portion of long-term debt -€36,942
down €36,942 (-33.1%), from €111,676 to €74,734
- Tax, wage and social debts +€22,643
up €22,643 (+219%), from €10,322 to €32,964
of which Taxes: +€13,515
- Gross operating margin +€76,855
up €76,855 (+11.2%), from €684,189 to €761,044
- Staff costs +€46,238
up €46,238 (+238%), from €19,457 to €65,695
- Financial charges +€16,414
up €16,414 (+14.2%), from €115,543 to €131,957
- Provisions -€13,465
down €13,465 (-77.9%), from €17,276 to €3,811
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 | €1,360,353 | €1,223,240 | -€137,114 | -10.1% |
| Fixed assets | 21/28 | €401,098 | €265,780 | -€135,318 | -33.7% |
| Intangible fixed assets | 21 | €255,357 | €176,786 | -€78,571 | -30.8% |
| Tangible fixed assets | 22/27 | €145,741 | €88,994 | -€56,747 | -38.9% |
| Plant, machinery and equipment | 23 | €92,493 | €20,246 | -€72,246 | -78.1% |
| Furniture and vehicles | 24 | €43,885 | €38,004 | -€5,881 | -13.4% |
| Other tangible fixed assets | 26 | €9,363 | €30,744 | +€21,380 | +228% |
| Current assets | 29/58 | €959,255 | €957,460 | -€1,796 | -0.2% |
| Amounts receivable after more than one year | 29 | €41,166 | €27,101 | -€14,065 | -34.2% |
| Other amounts receivable | 291 | €41,166 | €27,101 | -€14,065 | -34.2% |
| Amounts receivable within one year | 40/41 | €27,831 | €21,316 | -€6,516 | -23.4% |
| Trade receivables | 40 | €6,978 | €7,251 | +€273 | +3.9% |
| Other amounts receivable | 41 | €20,853 | €14,065 | -€6,789 | -32.6% |
| Current investments | 50/53 | - | €751,739 | +€751,739 | |
| Cash at bank and in hand | 54/58 | €823,570 | €100,447 | -€723,122 | -87.8% |
| Deferred charges and accrued income | 490/1 | €66,688 | €56,856 | -€9,832 | -14.7% |
| Total equity and liabilities | 10/49 | €1,360,353 | €1,223,240 | -€137,114 | -10.1% |
| Equity | 10/15 | €531,433 | €531,433 | = | 0.0% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €516,433 | €516,433 | = | 0.0% |
| Distributable reserves | 133 | €516,433 | €516,433 | = | 0.0% |
| Provisions and deferred taxes | 16 | €120,477 | €124,288 | +€3,811 | +3.2% |
| Provisions for liabilities and charges | 160/5 | €120,477 | €124,288 | +€3,811 | +3.2% |
| Other liabilities and charges | 164/5 | €120,477 | €124,288 | +€3,811 | +3.2% |
| Amounts payable | 17/49 | €708,443 | €567,519 | -€140,925 | -19.9% |
| Amounts payable after more than one year | 17 | €529,734 | €122,000 | -€407,734 | -77.0% |
| Financial debts | 170/4 | €74,734 | - | -€74,734 | |
| Other amounts payable | 178/9 | €455,000 | €122,000 | -€333,000 | -73.2% |
| Amounts payable within one year | 42/48 | €176,200 | €442,193 | +€265,993 | +151% |
| Current portion of amounts payable after more than one year | 42 | €111,676 | €74,734 | -€36,942 | -33.1% |
| Trade debts | 44 | €17,715 | €23,991 | +€6,277 | +35.4% |
| Suppliers | 440/4 | €17,715 | €23,991 | +€6,277 | +35.4% |
| Taxes, remuneration and social security | 45 | €10,322 | €32,964 | +€22,643 | +219% |
| Taxes | 450/3 | €6,125 | €19,640 | +€13,515 | +221% |
| Remuneration and social security | 454/9 | €4,197 | €13,324 | +€9,127 | +217% |
| Other amounts payable | 47/48 | €36,488 | €310,503 | +€274,015 | +751% |
| Accrued charges and deferred income | 492/3 | €2,509 | €3,326 | +€817 | +32.6% |
| Remuneration, social security and pensions | 62 | €19,457 | €65,695 | +€46,238 | +238% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €165,492 | €168,601 | +€3,109 | +1.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €17,276 | €3,811 | -€13,465 | -77.9% |
| Other operating charges | 640/8 | €97 | €100 | +€4 | +3.7% |
| Gross operating margin | 9900 | €684,189 | €761,044 | +€76,855 | +11.2% |
| Operating profit (loss) | 9901 | €481,866 | €522,836 | +€40,970 | +8.5% |
| Financial income | 75/76B | €13,619 | €14,337 | +€717 | +5.3% |
| Recurring financial income | 75 | €13,619 | €14,337 | +€717 | +5.3% |
| Financial charges | 65/66B | €115,543 | €131,957 | +€16,414 | +14.2% |
| Recurring financial charges | 65 | €115,543 | €131,957 | +€16,414 | +14.2% |
| Profit (loss) for the period before taxes | 9903 | €379,943 | €405,216 | +€25,273 | +6.7% |
| Income taxes | 67/77 | €94,947 | €97,149 | +€2,202 | +2.3% |
| Profit (loss) for the period | 9904 | €284,995 | €308,066 | +€23,071 | +8.1% |
| Profit (loss) for the period to be appropriated | 9905 | €284,995 | €308,066 | +€23,071 | +8.1% |
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 30 October 2026 via checked.be.