EURO - 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.
What changed
EURO - MEDIC
NACE 46.460, Wholesale of pharmaceutical and medical goods
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€2.2m
2024 · €2.2m+€25,150
Equity
€3.2m
2024 · €3.1m+€103,843
Cash
€1.1m
2024 · €1.8m-€658,111
Balance sheet total
€14.1m
2024 · €7.7m+€6.4m
Largest movements
Assets
- Receivables after one year +€6.7m
new in 2025: €6.7m
- Tangible fixed assets +€817,789
up €817,789 (+3,453%), from €23,684 to €841,473
of which Land and buildings: +€749,328
- Cash -€658,111
down €658,111 (-36.7%), from €1.8m to €1.1m
mainly Receivables after one year (-€6.7m) and Contributions, distributions and other (-€2.1m)
- Receivables within one year -€522,712
down €522,712 (-14.2%), from €3.7m to €3.2m
of which Trade receivables: -€395,899
Equity and liabilities
- Debts after one year +€6.0m
up €6.0m (+1,167%), from €513,759 to €6.5m
- Other debts -€650,851
down €650,851 (-38.8%), from €1.7m to €1.0m
- Trade debts +€389,211
up €389,211 (+26.9%), from €1.4m to €1.8m
- Current portion of long-term debt +€363,044
up €363,044 (+48.7%), from €744,724 to €1.1m
Income statement
- Goods and materials +€1.1m
up €1.1m (+5.5%), from €20.7m to €21.9m
of which Purchases: +€1.3m
- Turnover +€705,257
up €705,257 (+2.9%), from €24.4m to €25.1m
- Financial income +€635,579
up €635,579 (+1,617%), from €39,300 to €674,880
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.
Result 2024
€2.2m
Turnover
+€705,257
Other operating income
+€20,632
Goods and materials
-€1.1m
Services and other goods
+€6,760
Staff costs
-€5,943
Depreciation
-€81,126
Write-downs
-€40,240
Other operating charges
-€7,490
Financial income
+€635,579
Financial charges
-€97,291
Taxes
+€36,216
Result 2025
€2.2m
raises the resultlowers the result
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.
From operations
-€3.9m
Investment
-€1.0m
Financing
+€4.2m
Cash 2024
€1.8m
From operations (derived)
-€3.9m
Net result for the year
+€2.2m
Depreciation
+€89,840
Receivables after one year
-€6.7m
Stocks and contracts
+€40,825
Receivables within one year
+€522,712
Deferred charges and accrued income
-€6,869
Trade debts
+€389,211
Tax, wage and social debts
+€75,646
Other debts
-€650,851
Accrued charges and deferred income
+€120,000
Investment (derived)
-€1.0m
Investment in fixed assets (net)
-€907,629
Current investments
-€92,821
Financing
+€4.2m
Debts after one year
+€6.0m
Current portion of long-term debt
+€363,044
Contributions, distributions and other
-€2.1m
Cash 2025
€1.1m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,671,611 | €14,067,443 | +€6.4m | +83.4% |
| Fixed assets | 21/28 | €23,746 | €841,535 | +€817,789 | +3,444% |
| Tangible fixed assets | 22/27 | €23,684 | €841,473 | +€817,789 | +3,453% |
| Land and buildings | 22 | - | €749,328 | +€749,328 | |
| Plant, machinery and equipment | 23 | €1,809 | €42,507 | +€40,698 | +2,250% |
| Furniture and vehicles | 24 | €21,875 | €49,638 | +€27,763 | +127% |
| Financial fixed assets | 28 | €62 | €62 | = | 0.0% |
| Other financial fixed assets | 284/8 | €62 | €62 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €62 | €62 | = | 0.0% |
| Current assets | 29/58 | €7,647,865 | €13,225,908 | +€5.6m | +72.9% |
| Amounts receivable after more than one year | 29 | - | €6,700,000 | +€6.7m | |
| Other amounts receivable | 291 | - | €6,700,000 | +€6.7m | |
| Stocks and contracts in progress | 3 | €53,162 | €12,336 | -€40,825 | -76.8% |
| Stocks | 30/36 | €53,162 | €12,336 | -€40,825 | -76.8% |
| Goods purchased for resale | 34 | €53,162 | €12,336 | -€40,825 | -76.8% |
| Amounts receivable within one year | 40/41 | €3,685,630 | €3,162,919 | -€522,712 | -14.2% |
| Trade receivables | 40 | €3,368,706 | €2,972,807 | -€395,899 | -11.8% |
| Other amounts receivable | 41 | €316,924 | €190,112 | -€126,812 | -40.0% |
| Current investments | 50/53 | €2,113,702 | €2,206,523 | +€92,821 | +4.4% |
| Other investments | 51/53 | €2,113,702 | €2,206,523 | +€92,821 | +4.4% |
| Cash at bank and in hand | 54/58 | €1,794,195 | €1,136,084 | -€658,111 | -36.7% |
| Deferred charges and accrued income | 490/1 | €1,175 | €8,045 | +€6,869 | +584% |
| Total equity and liabilities | 10/49 | €7,671,611 | €14,067,443 | +€6.4m | +83.4% |
| Equity | 10/15 | €3,073,284 | €3,177,127 | +€103,843 | +3.4% |
| Contributions | 10/11 | €105,000 | €113,770 | +€8,770 | +8.4% |
| Capital | 10 | €105,000 | €113,770 | +€8,770 | +8.4% |
| Issued capital | 100 | €105,000 | €113,770 | +€8,770 | +8.4% |
| Reserves | 13 | €2,968,284 | €3,063,357 | +€95,073 | +3.2% |
| Non-distributable reserves | 130/1 | €10,500 | €11,377 | +€877 | +8.4% |
| Legal reserve | 130 | €10,500 | €11,377 | +€877 | +8.4% |
| Distributable reserves | 133 | €2,957,784 | €3,051,980 | +€94,196 | +3.2% |
| Amounts payable | 17/49 | €4,598,327 | €10,890,315 | +€6.3m | +137% |
| Amounts payable after more than one year | 17 | €513,759 | €6,508,697 | +€6.0m | +1,167% |
| Financial debts | 170/4 | €513,759 | €6,508,697 | +€6.0m | +1,167% |
| Credit institutions | 173 | €513,759 | €508,697 | -€5,062 | -1.0% |
| Other loans | 174 | - | €6,000,000 | +€6.0m | |
| Amounts payable within one year | 42/48 | €4,084,568 | €4,261,618 | +€177,050 | +4.3% |
| Current portion of amounts payable after more than one year | 42 | €744,724 | €1,107,768 | +€363,044 | +48.7% |
| Trade debts | 44 | €1,446,619 | €1,835,830 | +€389,211 | +26.9% |
| Suppliers | 440/4 | €1,446,619 | €1,835,830 | +€389,211 | +26.9% |
| Taxes, remuneration and social security | 45 | €217,215 | €292,861 | +€75,646 | +34.8% |
| Taxes | 450/3 | €181,367 | €263,096 | +€81,729 | +45.1% |
| Remuneration and social security | 454/9 | €35,847 | €29,764 | -€6,083 | -17.0% |
| Other amounts payable | 47/48 | €1,676,011 | €1,025,160 | -€650,851 | -38.8% |
| Accrued charges and deferred income | 492/3 | - | €120,000 | +€120,000 | |
| Operating income | 70/76A | €24,443,722 | €25,169,611 | +€725,889 | +3.0% |
| Turnover | 70 | €24,439,351 | €25,144,609 | +€705,257 | +2.9% |
| Other operating income | 74 | €4,371 | €25,003 | +€20,632 | +472% |
| Operating charges | 60/66A | €21,446,779 | €22,722,023 | +€1.3m | +5.9% |
| Goods for resale, raw materials and consumables | 60 | €20,717,759 | €21,864,963 | +€1.1m | +5.5% |
| Purchases | 600/8 | €20,518,829 | €21,824,138 | +€1.3m | +6.4% |
| Change in stocks: decrease (increase) | 609 | €198,930 | €40,825 | -€158,105 | -79.5% |
| Services and other goods | 61 | €389,832 | €383,071 | -€6,760 | -1.7% |
| Remuneration, social security and pensions | 62 | €329,262 | €335,206 | +€5,943 | +1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,714 | €89,840 | +€81,126 | +931% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €40,240 | +€40,240 | |
| Other operating charges | 640/8 | €1,212 | €8,703 | +€7,490 | +618% |
| Operating profit (loss) | 9901 | €2,996,943 | €2,447,588 | -€549,355 | -18.3% |
| Financial income | 75/76B | €39,300 | €674,880 | +€635,579 | +1,617% |
| Recurring financial income | 75 | €39,300 | €674,880 | +€635,579 | +1,617% |
| Income from current assets | 751 | €37,838 | €674,096 | +€636,258 | +1,682% |
| Other financial income | 752/9 | €1,462 | €784 | -€678 | -46.4% |
| Financial charges | 65/66B | €116,504 | €213,795 | +€97,291 | +83.5% |
| Recurring financial charges | 65 | €116,504 | €213,795 | +€97,291 | +83.5% |
| Debt charges | 650 | €103,324 | €191,182 | +€87,858 | +85.0% |
| Other financial charges | 652/9 | €13,181 | €22,614 | +€9,433 | +71.6% |
| Profit (loss) for the period before taxes | 9903 | €2,919,739 | €2,908,672 | -€11,067 | -0.4% |
| Income taxes | 67/77 | €727,249 | €691,033 | -€36,216 | -5.0% |
| Taxes | 670/3 | €727,249 | €691,033 | -€36,216 | -5.0% |
| Profit (loss) for the period | 9904 | €2,192,490 | €2,217,639 | +€25,150 | +1.1% |
| Profit (loss) for the period to be appropriated | 9905 | €2,192,490 | €2,217,639 | +€25,150 | +1.1% |
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 27 October 2026 via checked.be.