HEART MEDICARE: what changed
HEART MEDICARE
Largest movements
- Cash +€71,736
up €71,736 (+140%), from €51,061 to €122,797
mainly Net result for the year (+€121,395) and Depreciation (+€25,706)
- Tangible fixed assets +€48,751
up €48,751 (+166%), from €29,393 to €78,144
of which Furniture and vehicles: +€47,337
- Receivables within one year +€30,491
up €30,491 (+16.4%), from €185,735 to €216,226
of which Other amounts receivable: +€24,453
- Deferred charges and accrued income +€11,399
up €11,399 (+61.5%), from €18,550 to €29,949
- Reserves +€121,395
up €121,395 (+105%), from €115,550 to €236,945
of which Distributable reserves: +€121,395
- Debts after one year +€22,500
new in 2025: €22,500
- Current portion of long-term debt +€16,500
new in 2025: €16,500
- Trade debts +€8,799
up €8,799 (+84.6%), from €10,402 to €19,201
- Tax, wage and social debts -€6,818
down €6,818 (-40.2%), from €16,978 to €10,160
of which Taxes: -€8,655
- Gross operating margin +€27,292
up €27,292 (+12.2%), from €223,426 to €250,718
- Depreciation +€13,835
up €13,835 (+117%), from €11,871 to €25,706
- Staff costs -€9,899
down €9,899 (-15.0%), from €65,782 to €55,883
- Taxes +€7,335
up €7,335 (+16.2%), from €45,159 to €52,494
- Other operating charges +€4,561
up €4,561 (+509%), from €896 to €5,457
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 | €286,238 | €448,615 | +€162,377 | +56.7% |
| Fixed assets | 21/28 | €30,893 | €79,644 | +€48,751 | +158% |
| Tangible fixed assets | 22/27 | €29,393 | €78,144 | +€48,751 | +166% |
| Plant, machinery and equipment | 23 | €2,535 | €3,949 | +€1,415 | +55.8% |
| Furniture and vehicles | 24 | €26,858 | €74,195 | +€47,337 | +176% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €255,345 | €368,971 | +€113,626 | +44.5% |
| Amounts receivable within one year | 40/41 | €185,735 | €216,226 | +€30,491 | +16.4% |
| Trade receivables | 40 | €1,145 | €7,183 | +€6,038 | +527% |
| Other amounts receivable | 41 | €184,590 | €209,043 | +€24,453 | +13.2% |
| Cash at bank and in hand | 54/58 | €51,061 | €122,797 | +€71,736 | +140% |
| Deferred charges and accrued income | 490/1 | €18,550 | €29,949 | +€11,399 | +61.5% |
| Total equity and liabilities | 10/49 | €286,238 | €448,615 | +€162,377 | +56.7% |
| Equity | 10/15 | €258,859 | €380,254 | +€121,395 | +46.9% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €115,550 | €236,945 | +€121,395 | +105% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,250 | €6,250 | = | 0.0% |
| Distributable reserves | 133 | €109,300 | €230,695 | +€121,395 | +111% |
| Profit (loss) carried forward | 14 | €130,809 | €130,809 | = | 0.0% |
| Amounts payable | 17/49 | €27,380 | €68,361 | +€40,982 | +150% |
| Amounts payable after more than one year | 17 | - | €22,500 | +€22,500 | |
| Financial debts | 170/4 | - | €22,500 | +€22,500 | |
| Amounts payable within one year | 42/48 | €27,380 | €45,861 | +€18,482 | +67.5% |
| Current portion of amounts payable after more than one year | 42 | - | €16,500 | +€16,500 | |
| Trade debts | 44 | €10,402 | €19,201 | +€8,799 | +84.6% |
| Suppliers | 440/4 | €10,402 | €19,201 | +€8,799 | +84.6% |
| Taxes, remuneration and social security | 45 | €16,978 | €10,160 | -€6,818 | -40.2% |
| Taxes | 450/3 | €16,978 | €8,322 | -€8,655 | -51.0% |
| Remuneration and social security | 454/9 | - | €1,838 | +€1,838 | |
| Remuneration, social security and pensions | 62 | €65,782 | €55,883 | -€9,899 | -15.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,871 | €25,706 | +€13,835 | +117% |
| Other operating charges | 640/8 | €896 | €5,457 | +€4,561 | +509% |
| Gross operating margin | 9900 | €223,426 | €250,718 | +€27,292 | +12.2% |
| Operating profit (loss) | 9901 | €144,877 | €163,672 | +€18,795 | +13.0% |
| Financial income | 75/76B | €9,770 | €11,124 | +€1,355 | +13.9% |
| Recurring financial income | 75 | €9,770 | €11,124 | +€1,355 | +13.9% |
| Financial charges | 65/66B | €180 | €907 | +€727 | +404% |
| Recurring financial charges | 65 | €180 | €907 | +€727 | +404% |
| Profit (loss) for the period before taxes | 9903 | €154,467 | €173,889 | +€19,422 | +12.6% |
| Income taxes | 67/77 | €45,159 | €52,494 | +€7,335 | +16.2% |
| Profit (loss) for the period | 9904 | €109,308 | €121,395 | +€12,087 | +11.1% |
| Profit (loss) for the period to be appropriated | 9905 | €109,308 | €121,395 | +€12,087 | +11.1% |
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 4 November 2026 via checked.be.