GC Med: 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.
GC Med
Largest movements
- Current investments +€77,000
up €77,000 (+53.1%), from €145,138 to €222,138
- Receivables within one year -€25,321
down €25,321 (-42.4%), from €59,692 to €34,370
of which Other amounts receivable: -€24,721
- Cash -€11,946
down €11,946 (-11.1%), from €108,095 to €96,149
mainly Current investments (-€77,000) and Contributions, distributions and other (-€35,000)
- Deferred charges and accrued income -€8,298
down €8,298 (-61.5%), from €13,497 to €5,199
- Tangible fixed assets -€7,258
down €7,258 (-23.4%), from €31,055 to €23,797
of which Furniture and vehicles: -€6,237
- Reserves +€39,939
up €39,939 (+13.5%), from €296,017 to €335,956
of which Distributable reserves: +€42,239
- Tax, wage and social debts -€7,016
no longer reported in 2024 (was €7,016)
of which Taxes: -€4,016
- Debts after one year -€6,457
down €6,457 (-71.2%), from €9,074 to €2,616
- Short-term financial debts +€4,118
up €4,118 (+33.0%), from €12,468 to €16,586
- Accrued charges and deferred income -€4,060
down €4,060 (-98.5%), from €4,122 to €61
- Gross operating margin -€9,685
down €9,685 (-9.2%), from €105,460 to €95,775
- Financial income +€3,786
up €3,786 (+112%), from €3,376 to €7,163
- Financial charges -€2,800
down €2,800 (-76.1%), from €3,678 to €878
- Depreciation +€1,066
up €1,066 (+17.2%), from €6,192 to €7,258
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €357,476 | €381,653 | +€24,177 | +6.8% |
| Fixed assets | 21/28 | €31,055 | €23,797 | -€7,258 | -23.4% |
| Tangible fixed assets | 22/27 | €31,055 | €23,797 | -€7,258 | -23.4% |
| Land and buildings | 22 | €10,093 | €9,073 | -€1,020 | -10.1% |
| Furniture and vehicles | 24 | €20,962 | €14,724 | -€6,237 | -29.8% |
| Current assets | 29/58 | €326,421 | €357,856 | +€31,434 | +9.6% |
| Amounts receivable within one year | 40/41 | €59,692 | €34,370 | -€25,321 | -42.4% |
| Trade receivables | 40 | €600 | - | -€600 | |
| Other amounts receivable | 41 | €59,092 | €34,370 | -€24,721 | -41.8% |
| Current investments | 50/53 | €145,138 | €222,138 | +€77,000 | +53.1% |
| Cash at bank and in hand | 54/58 | €108,095 | €96,149 | -€11,946 | -11.1% |
| Deferred charges and accrued income | 490/1 | €13,497 | €5,199 | -€8,298 | -61.5% |
| Total equity and liabilities | 10/49 | €357,476 | €381,653 | +€24,177 | +6.8% |
| Equity | 10/15 | €314,617 | €354,556 | +€39,939 | +12.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €296,017 | €335,956 | +€39,939 | +13.5% |
| Non-distributable reserves | 130/1 | €2,300 | - | -€2,300 | |
| Reserves not available under the articles | 1311 | €2,300 | - | -€2,300 | |
| Distributable reserves | 133 | €293,717 | €335,956 | +€42,239 | +14.4% |
| Amounts payable | 17/49 | €42,859 | €27,097 | -€15,763 | -36.8% |
| Amounts payable after more than one year | 17 | €9,074 | €2,616 | -€6,457 | -71.2% |
| Financial debts | 170/4 | €9,074 | €2,616 | -€6,457 | -71.2% |
| Amounts payable within one year | 42/48 | €29,664 | €24,419 | -€5,245 | -17.7% |
| Current portion of amounts payable after more than one year | 42 | €7,213 | €6,457 | -€756 | -10.5% |
| Financial debts | 43 | €12,468 | €16,586 | +€4,118 | +33.0% |
| Credit institutions | 430/8 | €12,468 | €16,586 | +€4,118 | +33.0% |
| Trade debts | 44 | €2,967 | - | -€2,967 | |
| Suppliers | 440/4 | €2,967 | - | -€2,967 | |
| Taxes, remuneration and social security | 45 | €7,016 | - | -€7,016 | |
| Taxes | 450/3 | €4,016 | - | -€4,016 | |
| Remuneration and social security | 454/9 | €3,000 | - | -€3,000 | |
| Other amounts payable | 47/48 | - | €1,376 | +€1,376 | |
| Accrued charges and deferred income | 492/3 | €4,122 | €61 | -€4,060 | -98.5% |
| Non-recurring operating income | 76A | €11,500 | - | -€11,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,192 | €7,258 | +€1,066 | +17.2% |
| Other operating charges | 640/8 | €1,362 | €843 | -€519 | -38.1% |
| Gross operating margin | 9900 | €105,460 | €95,775 | -€9,685 | -9.2% |
| Operating profit (loss) | 9901 | €97,906 | €87,674 | -€10,232 | -10.5% |
| Financial income | 75/76B | €3,376 | €7,163 | +€3,786 | +112% |
| Recurring financial income | 75 | €3,376 | €7,163 | +€3,786 | +112% |
| Financial charges | 65/66B | €3,678 | €878 | -€2,800 | -76.1% |
| Recurring financial charges | 65 | €3,678 | €878 | -€2,800 | -76.1% |
| Profit (loss) for the period before taxes | 9903 | €97,604 | €93,958 | -€3,646 | -3.7% |
| Income taxes | 67/77 | €19,649 | €19,019 | -€630 | -3.2% |
| Profit (loss) for the period | 9904 | €77,955 | €74,939 | -€3,016 | -3.9% |
| Profit (loss) for the period to be appropriated | 9905 | €77,955 | €74,939 | -€3,016 | -3.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.