HC MEDICAL: 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.
HC MEDICAL
Largest movements
- Cash +€44,813
up €44,813 (+188%), from €23,837 to €68,649
mainly Net result for the year (+€52,720) and Receivables within one year (+€28,090)
- Receivables within one year -€28,090
down €28,090 (-92.1%), from €30,492 to €2,401
of which Other amounts receivable: -€28,040
- Tangible fixed assets -€5,330
down €5,330 (-57.7%), from €9,232 to €3,902
of which Furniture and vehicles: -€4,929
- Tax, wage and social debts +€8,115
up €8,115 (+170%), from €4,768 to €12,883
of which Taxes: +€8,097
- Other debts +€3,527
new in 2025: €3,527
- Gross operating margin +€24,569
up €24,569 (+53.4%), from €46,021 to €70,590
- Depreciation -€6,200
down €6,200 (-53.8%), from €11,530 to €5,330
- Taxes +€3,510
up €3,510 (+31.8%), from €11,038 to €14,548
- Financial income +€941
up €941 (+84.8%), from €1,110 to €2,051
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 | €65,808 | €77,408 | +€11,600 | +17.6% |
| Fixed assets | 21/28 | €9,457 | €4,127 | -€5,330 | -56.4% |
| Tangible fixed assets | 22/27 | €9,232 | €3,902 | -€5,330 | -57.7% |
| Plant, machinery and equipment | 23 | €1,509 | €1,108 | -€401 | -26.6% |
| Furniture and vehicles | 24 | €7,723 | €2,795 | -€4,929 | -63.8% |
| Financial fixed assets | 28 | €225 | €225 | = | 0.0% |
| Current assets | 29/58 | €56,351 | €73,281 | +€16,930 | +30.0% |
| Amounts receivable within one year | 40/41 | €30,492 | €2,401 | -€28,090 | -92.1% |
| Trade receivables | 40 | €50 | - | -€50 | |
| Other amounts receivable | 41 | €30,442 | €2,401 | -€28,040 | -92.1% |
| Cash at bank and in hand | 54/58 | €23,837 | €68,649 | +€44,813 | +188% |
| Deferred charges and accrued income | 490/1 | €2,023 | €2,230 | +€208 | +10.3% |
| Total equity and liabilities | 10/49 | €65,808 | €77,408 | +€11,600 | +17.6% |
| Equity | 10/15 | €60,647 | €60,647 | = | 0.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €57,647 | €57,647 | = | 0.0% |
| Distributable reserves | 133 | €57,647 | €57,647 | = | 0.0% |
| Amounts payable | 17/49 | €5,162 | €16,761 | +€11,600 | +225% |
| Amounts payable within one year | 42/48 | €5,162 | €16,761 | +€11,600 | +225% |
| Trade debts | 44 | €394 | €351 | -€42 | -10.8% |
| Suppliers | 440/4 | €394 | €351 | -€42 | -10.8% |
| Taxes, remuneration and social security | 45 | €4,768 | €12,883 | +€8,115 | +170% |
| Taxes | 450/3 | €2,447 | €10,544 | +€8,097 | +331% |
| Remuneration and social security | 454/9 | €2,321 | €2,339 | +€18 | +0.8% |
| Other amounts payable | 47/48 | - | €3,527 | +€3,527 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,530 | €5,330 | -€6,200 | -53.8% |
| Gross operating margin | 9900 | €46,021 | €70,590 | +€24,569 | +53.4% |
| Operating profit (loss) | 9901 | €34,492 | €65,260 | +€30,769 | +89.2% |
| Financial income | 75/76B | €1,110 | €2,051 | +€941 | +84.8% |
| Recurring financial income | 75 | €1,110 | €2,051 | +€941 | +84.8% |
| Financial charges | 65/66B | €95 | €44 | -€52 | -54.2% |
| Recurring financial charges | 65 | €95 | €44 | -€52 | -54.2% |
| Profit (loss) for the period before taxes | 9903 | €35,506 | €67,268 | +€31,762 | +89.5% |
| Income taxes | 67/77 | €11,038 | €14,548 | +€3,510 | +31.8% |
| Profit (loss) for the period | 9904 | €24,468 | €52,720 | +€28,252 | +115% |
| Profit (loss) for the period to be appropriated | 9905 | €24,468 | €52,720 | +€28,252 | +115% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.