FSN MEDICAL: what changed
FSN MEDICAL
Largest movements
- Tangible fixed assets +€43,470
up €43,470 (+9,534%), from €456 to €43,926
- Deferred charges and accrued income +€13,219
up €13,219 (+4,832%), from €274 to €13,493
- Cash -€3,107
down €3,107 (-4.2%), from €73,344 to €70,237
mainly Contributions, distributions and other (-€114,500) and Investment in fixed assets (net) (-€47,635)
- Receivables within one year -€3,041
down €3,041 (-89.4%), from €3,401 to €360
of which Trade receivables: -€1,890
- Other debts +€116,669
up €116,669 (+3,486%), from €3,347 to €120,016
- Profit (loss) carried forward -€69,758
down €69,758 (-99.6%), from €70,005 to €247
- Accrued charges and deferred income +€2,000
up €2,000, from €0 to €2,000
- Tax, wage and social debts +€1,718
up €1,718 (+164%), from €1,048 to €2,766
- Gross operating margin +€10,359
up €10,359 (+18.8%), from €55,200 to €65,558
- Depreciation +€3,738
up €3,738 (+876%), from €427 to €4,165
- Other operating charges +€2,248
up €2,248 (+461%), from €488 to €2,736
- Taxes +€1,893
up €1,893 (+16.0%), from €11,825 to €13,718
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €77,475 | €128,017 | +€50,541 | +65.2% |
| Fixed assets | 21/28 | €456 | €43,926 | +€43,470 | +9,534% |
| Tangible fixed assets | 22/27 | €456 | €43,926 | +€43,470 | +9,534% |
| Furniture and vehicles | 24 | €456 | €43,926 | +€43,470 | +9,534% |
| Current assets | 29/58 | €77,019 | €84,090 | +€7,071 | +9.2% |
| Amounts receivable within one year | 40/41 | €3,401 | €360 | -€3,041 | -89.4% |
| Trade receivables | 40 | €2,250 | €360 | -€1,890 | -84.0% |
| Other amounts receivable | 41 | €1,151 | €0 | -€1,151 | -100% |
| Cash at bank and in hand | 54/58 | €73,344 | €70,237 | -€3,107 | -4.2% |
| Deferred charges and accrued income | 490/1 | €274 | €13,493 | +€13,219 | +4,832% |
| Total equity and liabilities | 10/49 | €77,475 | €128,017 | +€50,541 | +65.2% |
| Equity | 10/15 | €71,505 | €1,747 | -€69,758 | -97.6% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €70,005 | €247 | -€69,758 | -99.6% |
| Amounts payable | 17/49 | €5,971 | €126,270 | +€120,299 | +2,015% |
| Amounts payable within one year | 42/48 | €5,971 | €124,270 | +€118,299 | +1,981% |
| Trade debts | 44 | €1,576 | €1,489 | -€87 | -5.5% |
| Suppliers | 440/4 | €1,576 | €1,489 | -€87 | -5.5% |
| Taxes, remuneration and social security | 45 | €1,048 | €2,766 | +€1,718 | +164% |
| Taxes | 450/3 | €1,048 | €2,766 | +€1,718 | +164% |
| Other amounts payable | 47/48 | €3,347 | €120,016 | +€116,669 | +3,486% |
| Accrued charges and deferred income | 492/3 | €0 | €2,000 | +€2,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €427 | €4,165 | +€3,738 | +876% |
| Other operating charges | 640/8 | €488 | €2,736 | +€2,248 | +461% |
| Gross operating margin | 9900 | €55,200 | €65,558 | +€10,359 | +18.8% |
| Operating profit (loss) | 9901 | €54,285 | €58,658 | +€4,373 | +8.1% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €190 | €198 | +€8 | +4.0% |
| Recurring financial charges | 65 | €190 | €198 | +€8 | +4.0% |
| Profit (loss) for the period before taxes | 9903 | €54,095 | €58,460 | +€4,365 | +8.1% |
| Income taxes | 67/77 | €11,825 | €13,718 | +€1,893 | +16.0% |
| Profit (loss) for the period | 9904 | €42,270 | €44,742 | +€2,472 | +5.8% |
| Profit (loss) for the period to be appropriated | 9905 | €42,270 | €44,742 | +€2,472 | +5.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.