FORTIN MEDGEN: 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.
FORTIN MEDGEN
Largest movements
- Cash +€27,312
up €27,312 (+154%), from €17,790 to €45,102
mainly Net result for the year (+€35,693) and Depreciation (+€3,553)
- Tangible fixed assets +€11,282
up €11,282 (+57.1%), from €19,763 to €31,044
of which Other tangible fixed assets: +€11,856
- Deferred charges and accrued income -€1,600
down €1,600 (-25.2%), from €6,353 to €4,753
- Profit (loss) carried forward +€34,860
up €34,860 (+61.5%), from €56,638 to €91,497
- Tax, wage and social debts +€2,787
up €2,787 (+88.5%), from €3,149 to €5,937
of which Remuneration and social security: +€2,829
- Trade debts -€2,705
down €2,705 (-66.1%), from €4,091 to €1,386
- Staff costs +€22,428
up €22,428 (+200%), from €11,203 to €33,631
- Taxes -€4,698
down €4,698 (-31.5%), from €14,920 to €10,222
- Gross operating margin -€1,568
down €1,568 (-1.9%), from €84,689 to €83,121
- Depreciation +€1,236
up €1,236 (+53.3%), from €2,317 to €3,553
- Financial income -€854
down €854 (-45.2%), from €1,888 to €1,034
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 | €65,900 | €101,473 | +€35,572 | +54.0% |
| Formation expenses | 20 | €760 | €0 | -€760 | -100% |
| Fixed assets | 21/28 | €19,763 | €31,044 | +€11,282 | +57.1% |
| Tangible fixed assets | 22/27 | €19,763 | €31,044 | +€11,282 | +57.1% |
| Plant, machinery and equipment | 23 | €341 | €199 | -€142 | -41.7% |
| Furniture and vehicles | 24 | €11,202 | €10,770 | -€432 | -3.9% |
| Other tangible fixed assets | 26 | €8,220 | €20,076 | +€11,856 | +144% |
| Current assets | 29/58 | €45,377 | €70,428 | +€25,051 | +55.2% |
| Amounts receivable within one year | 40/41 | €21,234 | €20,573 | -€661 | -3.1% |
| Trade receivables | 40 | - | €73 | +€73 | |
| Other amounts receivable | 41 | €21,234 | €20,500 | -€734 | -3.5% |
| Cash at bank and in hand | 54/58 | €17,790 | €45,102 | +€27,312 | +154% |
| Deferred charges and accrued income | 490/1 | €6,353 | €4,753 | -€1,600 | -25.2% |
| Total equity and liabilities | 10/49 | €65,900 | €101,473 | +€35,572 | +54.0% |
| Equity | 10/15 | €57,638 | €92,497 | +€34,860 | +60.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €56,638 | €91,497 | +€34,860 | +61.5% |
| Amounts payable | 17/49 | €8,263 | €8,976 | +€713 | +8.6% |
| Amounts payable within one year | 42/48 | €8,074 | €8,156 | +€82 | +1.0% |
| Trade debts | 44 | €4,091 | €1,386 | -€2,705 | -66.1% |
| Suppliers | 440/4 | €4,091 | €1,386 | -€2,705 | -66.1% |
| Taxes, remuneration and social security | 45 | €3,149 | €5,937 | +€2,787 | +88.5% |
| Taxes | 450/3 | €41 | €0 | -€41 | -100% |
| Remuneration and social security | 454/9 | €3,108 | €5,937 | +€2,829 | +91.0% |
| Other amounts payable | 47/48 | €833 | €833 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €189 | €820 | +€631 | +334% |
| Remuneration, social security and pensions | 62 | €11,203 | €33,631 | +€22,428 | +200% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,317 | €3,553 | +€1,236 | +53.3% |
| Other operating charges | 640/8 | €565 | €748 | +€182 | +32.2% |
| Gross operating margin | 9900 | €84,689 | €83,121 | -€1,568 | -1.9% |
| Operating profit (loss) | 9901 | €70,603 | €45,189 | -€25,415 | -36.0% |
| Financial income | 75/76B | €1,888 | €1,034 | -€854 | -45.2% |
| Recurring financial income | 75 | €1,888 | €1,034 | -€854 | -45.2% |
| Financial charges | 65/66B | €101 | €309 | +€208 | +206% |
| Recurring financial charges | 65 | €101 | €309 | +€208 | +206% |
| Profit (loss) for the period before taxes | 9903 | €72,390 | €45,915 | -€26,476 | -36.6% |
| Income taxes | 67/77 | €14,920 | €10,222 | -€4,698 | -31.5% |
| Profit (loss) for the period | 9904 | €57,471 | €35,693 | -€21,778 | -37.9% |
| Profit (loss) for the period to be appropriated | 9905 | €57,471 | €35,693 | -€21,778 | -37.9% |
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 1 November 2026 via checked.be.