HMedical: 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.
HMedical
Largest movements
- Cash +€52,728
up €52,728 (+1,146%), from €4,601 to €57,330
mainly Net result for the year (+€41,473) and Tax, wage and social debts (+€7,269)
- Deferred charges and accrued income -€2,422
down €2,422 (-29.5%), from €8,219 to €5,797
- Profit (loss) carried forward +€41,473
up €41,473 (+920%), from €4,510 to €45,982
- Tax, wage and social debts +€7,269
up €7,269 (+207%), from €3,508 to €10,777
- Other debts +€1,355
up €1,355 (+40.2%), from €3,372 to €4,727
- Gross operating margin +€47,381
up €47,381 (+753%), from €6,290 to €53,671
- Taxes +€9,585
up €9,585 (+799%), from €1,200 to €10,785
- Financial charges +€893
up €893 (+855%), from €104 to €997
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 | €14,544 | €64,486 | +€49,942 | +343% |
| Fixed assets | 21/28 | €1,724 | €1,359 | -€365 | -21.1% |
| Tangible fixed assets | 22/27 | €1,724 | €1,359 | -€365 | -21.1% |
| Plant, machinery and equipment | 23 | €1,724 | €1,359 | -€365 | -21.1% |
| Current assets | 29/58 | €12,820 | €63,127 | +€50,306 | +392% |
| Cash at bank and in hand | 54/58 | €4,601 | €57,330 | +€52,728 | +1,146% |
| Deferred charges and accrued income | 490/1 | €8,219 | €5,797 | -€2,422 | -29.5% |
| Total equity and liabilities | 10/49 | €14,544 | €64,486 | +€49,942 | +343% |
| Equity | 10/15 | €7,510 | €48,982 | +€41,473 | +552% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,510 | €45,982 | +€41,473 | +920% |
| Amounts payable | 17/49 | €7,035 | €15,504 | +€8,469 | +120% |
| Amounts payable within one year | 42/48 | €7,035 | €15,504 | +€8,469 | +120% |
| Trade debts | 44 | €155 | - | -€155 | |
| Suppliers | 440/4 | €155 | - | -€155 | |
| Taxes, remuneration and social security | 45 | €3,508 | €10,777 | +€7,269 | +207% |
| Taxes | 450/3 | €3,508 | €10,777 | +€7,269 | +207% |
| Other amounts payable | 47/48 | €3,372 | €4,727 | +€1,355 | +40.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €99 | €365 | +€266 | +269% |
| Other operating charges | 640/8 | €377 | €66 | -€312 | -82.6% |
| Gross operating margin | 9900 | €6,290 | €53,671 | +€47,381 | +753% |
| Operating profit (loss) | 9901 | €5,814 | €53,241 | +€47,427 | +816% |
| Financial income | 75/76B | - | €13 | +€13 | |
| Recurring financial income | 75 | - | €13 | +€13 | |
| Financial charges | 65/66B | €104 | €997 | +€893 | +855% |
| Recurring financial charges | 65 | €104 | €997 | +€893 | +855% |
| Profit (loss) for the period before taxes | 9903 | €5,710 | €52,257 | +€46,548 | +815% |
| Income taxes | 67/77 | €1,200 | €10,785 | +€9,585 | +799% |
| Profit (loss) for the period | 9904 | €4,510 | €41,473 | +€36,963 | +820% |
| Profit (loss) for the period to be appropriated | 9905 | €4,510 | €41,473 | +€36,963 | +820% |
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 21 October 2026 via checked.be.