FARHAT MEDEXPERT: 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.
FARHAT MEDEXPERT
Largest movements
- Cash -€49,203
down €49,203 (-22.8%), from €215,544 to €166,341
mainly Debts after one year (-€64,937) and Tax, wage and social debts (-€40,399)
- Tangible fixed assets -€15,606
down €15,606 (-2.9%), from €532,649 to €517,043
of which Furniture and vehicles: -€10,625
- Receivables within one year +€10,388
up €10,388 (+6.4%), from €163,366 to €173,754
- Debts after one year -€64,937
down €64,937 (-13.1%), from €494,460 to €429,524
- Profit (loss) carried forward +€55,936
up €55,936 (+44.2%), from €126,684 to €182,620
- Tax, wage and social debts -€40,399
down €40,399 (-60.9%), from €66,310 to €25,911
- Taxes +€52,186
up €52,186 (+10,437%), from €500 to €52,686
- Gross operating margin -€46,231
down €46,231 (-22.8%), from €202,778 to €156,548
- Depreciation -€36,819
down €36,819 (-68.6%), from €53,659 to €16,840
- Other operating charges +€11,019
up €11,019 (+414%), from €2,659 to €13,678
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 | €915,358 | €857,138 | -€58,220 | -6.4% |
| Fixed assets | 21/28 | €532,649 | €517,043 | -€15,606 | -2.9% |
| Tangible fixed assets | 22/27 | €532,649 | €517,043 | -€15,606 | -2.9% |
| Land and buildings | 22 | €470,662 | €470,662 | = | 0.0% |
| Plant, machinery and equipment | 23 | €17,435 | €12,453 | -€4,981 | -28.6% |
| Furniture and vehicles | 24 | €44,552 | €33,927 | -€10,625 | -23.8% |
| Current assets | 29/58 | €382,708 | €340,095 | -€42,614 | -11.1% |
| Amounts receivable within one year | 40/41 | €163,366 | €173,754 | +€10,388 | +6.4% |
| Other amounts receivable | 41 | €163,366 | €173,754 | +€10,388 | +6.4% |
| Cash at bank and in hand | 54/58 | €215,544 | €166,341 | -€49,203 | -22.8% |
| Deferred charges and accrued income | 490/1 | €3,799 | - | -€3,799 | |
| Total equity and liabilities | 10/49 | €915,358 | €857,138 | -€58,220 | -6.4% |
| Equity | 10/15 | €280,348 | €336,284 | +€55,936 | +20.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €151,164 | €151,164 | = | 0.0% |
| Distributable reserves | 133 | €151,164 | €151,164 | = | 0.0% |
| Profit (loss) carried forward | 14 | €126,684 | €182,620 | +€55,936 | +44.2% |
| Amounts payable | 17/49 | €635,010 | €520,854 | -€114,155 | -18.0% |
| Amounts payable after more than one year | 17 | €494,460 | €429,524 | -€64,937 | -13.1% |
| Financial debts | 170/4 | €494,460 | €429,524 | -€64,937 | -13.1% |
| Amounts payable within one year | 42/48 | €140,549 | €91,331 | -€49,219 | -35.0% |
| Current portion of amounts payable after more than one year | 42 | €70,954 | €64,937 | -€6,017 | -8.5% |
| Trade debts | 44 | €3,285 | €483 | -€2,803 | -85.3% |
| Suppliers | 440/4 | €3,285 | €483 | -€2,803 | -85.3% |
| Taxes, remuneration and social security | 45 | €66,310 | €25,911 | -€40,399 | -60.9% |
| Taxes | 450/3 | €66,310 | €25,911 | -€40,399 | -60.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,659 | €16,840 | -€36,819 | -68.6% |
| Other operating charges | 640/8 | €2,659 | €13,678 | +€11,019 | +414% |
| Gross operating margin | 9900 | €202,778 | €156,548 | -€46,231 | -22.8% |
| Operating profit (loss) | 9901 | €146,461 | €126,030 | -€20,431 | -13.9% |
| Financial charges | 65/66B | €19,277 | €17,408 | -€1,869 | -9.7% |
| Recurring financial charges | 65 | €19,277 | €17,408 | -€1,869 | -9.7% |
| Profit (loss) for the period before taxes | 9903 | €127,184 | €108,622 | -€18,562 | -14.6% |
| Income taxes | 67/77 | €500 | €52,686 | +€52,186 | +10,437% |
| Profit (loss) for the period | 9904 | €126,684 | €55,936 | -€70,749 | -55.8% |
| Profit (loss) for the period to be appropriated | 9905 | €126,684 | €55,936 | -€70,749 | -55.8% |
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 18 October 2026 via checked.be.