INTUITIVE SURGICAL: what changed
Two fiscal 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.
What changed
INTUITIVE SURGICAL
NACE 46.460, Wholesale of pharmaceutical and medical goods
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€458,453
2024 · €488,538-€30,085
Equity
€23.7m
2024 · €23.2m+€458,453
Cash
€10.3m
2024 · €9.7m+€591,391
Balance sheet total
€28.1m
2024 · €26.7m+€1.4m
Largest movements
Assets
- Receivables within one year +€1.8m
up €1.8m (+38.2%), from €4.7m to €6.4m
of which Trade receivables: +€1.9m
- Tangible fixed assets -€1.0m
down €1.0m (-8.1%), from €12.4m to €11.4m
- Cash +€591,391
up €591,391 (+6.1%), from €9.7m to €10.3m
mainly Depreciation (+€4.0m) and Tax, wage and social debts (+€709,853)
Equity and liabilities
- Tax, wage and social debts +€709,853
up €709,853 (+26.9%), from €2.6m to €3.3m
of which Remuneration and social security: +€686,925
- Profit (loss) carried forward +€458,453
up €458,453 (+15.5%), from €2.9m to €3.4m
Income statement
- Turnover +€1.6m
up €1.6m (+11.0%), from €15.0m to €16.6m
- Staff costs +€1.2m
up €1.2m (+14.6%), from €8.5m to €9.7m
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.
Result 2024
€488,538
Turnover
+€1.6m
Services and other goods
+€3,379
Staff costs
-€1.2m
Depreciation
-€124,658
Other operating charges
-€7,662
Other operating items
-€271,220
Financial income
+€46,357
Financial charges
-€64,071
Taxes
-€19,952
Result 2025
€458,453
Cash bridge derived
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.
From operations
+€3.6m
Investment
-€3.0m
Financing
€0
Cash 2024
€9.7m
From operations (derived)
+€3.6m
Net result for the year
+€458,453
Depreciation
+€4.0m
Receivables within one year
-€1.8m
Deferred charges and accrued income
-€32,890
Trade debts
+€74,790
Tax, wage and social debts
+€709,853
Other debts
+€48,343
Accrued charges and deferred income
+€105,469
Investment (derived)
-€3.0m
Investment in fixed assets (net)
-€3.0m
Cash 2025
€10.3m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €26,735,825 | €28,132,733 | +€1.4m | +5.2% |
| Fixed assets | 21/28 | €12,396,706 | €11,390,119 | -€1.0m | -8.1% |
| Tangible fixed assets | 22/27 | €12,396,421 | €11,389,835 | -€1.0m | -8.1% |
| Other tangible fixed assets | 26 | €12,396,421 | €11,389,835 | -€1.0m | -8.1% |
| Financial fixed assets | 28 | €285 | €285 | = | 0.0% |
| Other financial fixed assets | 284/8 | €285 | €285 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €285 | €285 | = | 0.0% |
| Current assets | 29/58 | €14,339,119 | €16,742,613 | +€2.4m | +16.8% |
| Amounts receivable within one year | 40/41 | €4,660,338 | €6,439,551 | +€1.8m | +38.2% |
| Trade receivables | 40 | €4,581,739 | €6,435,176 | +€1.9m | +40.5% |
| Other amounts receivable | 41 | €78,599 | €4,375 | -€74,224 | -94.4% |
| Cash at bank and in hand | 54/58 | €9,677,701 | €10,269,092 | +€591,391 | +6.1% |
| Deferred charges and accrued income | 490/1 | €1,080 | €33,970 | +€32,890 | +3045.3% |
| Total equity and liabilities | 10/49 | €26,735,825 | €28,132,733 | +€1.4m | +5.2% |
| Equity | 10/15 | €23,224,376 | €23,682,829 | +€458,453 | +2.0% |
| Contributions | 10/11 | €20,250,000 | €20,250,000 | = | 0.0% |
| Reserves | 13 | €25,000 | €25,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €25,000 | €25,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,949,376 | €3,407,829 | +€458,453 | +15.5% |
| Amounts payable | 17/49 | €3,511,449 | €4,449,903 | +€938,455 | +26.7% |
| Amounts payable within one year | 42/48 | €2,669,589 | €3,502,575 | +€832,986 | +31.2% |
| Trade debts | 44 | €27,516 | €102,306 | +€74,790 | +271.8% |
| Suppliers | 440/4 | €27,516 | €102,306 | +€74,790 | +271.8% |
| Taxes, remuneration and social security | 45 | €2,634,320 | €3,344,173 | +€709,853 | +26.9% |
| Taxes | 450/3 | €275,996 | €298,924 | +€22,929 | +8.3% |
| Remuneration and social security | 454/9 | €2,358,325 | €3,045,249 | +€686,925 | +29.1% |
| Other amounts payable | 47/48 | €7,754 | €56,096 | +€48,343 | +623.5% |
| Accrued charges and deferred income | 492/3 | €841,859 | €947,328 | +€105,469 | +12.5% |
| Operating income | 70/76A | €14,986,116 | €16,628,692 | +€1.6m | +11.0% |
| Turnover | 70 | €14,986,116 | €16,628,692 | +€1.6m | +11.0% |
| Operating charges | 60/66A | €14,482,239 | €16,117,234 | +€1.6m | +11.3% |
| Services and other goods | 61 | €1,411,226 | €1,407,848 | -€3,379 | -0.2% |
| Remuneration, social security and pensions | 62 | €8,452,769 | €9,687,604 | +€1.2m | +14.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,886,572 | €4,011,230 | +€124,658 | +3.2% |
| Other operating charges | 640/8 | €8,424 | €16,086 | +€7,662 | +91.0% |
| Non-recurring operating charges | 66A | €723,248 | €994,468 | +€271,220 | +37.5% |
| Operating profit (loss) | 9901 | €503,876 | €511,457 | +€7,581 | +1.5% |
| Financial income | 75/76B | €246,524 | €292,881 | +€46,357 | +18.8% |
| Recurring financial income | 75 | €246,524 | €292,881 | +€46,357 | +18.8% |
| Income from financial fixed assets | 750 | €0 | - | = | |
| Income from current assets | 751 | €245,929 | €292,642 | +€46,713 | +19.0% |
| Other financial income | 752/9 | €596 | €239 | -€357 | -59.9% |
| Financial charges | 65/66B | €25,858 | €89,929 | +€64,071 | +247.8% |
| Recurring financial charges | 65 | €8,450 | €88,295 | +€79,845 | +944.9% |
| Other financial charges | 652/9 | €8,450 | €88,295 | +€79,845 | +944.9% |
| Non-recurring financial charges | 66B | €17,408 | €1,634 | -€15,774 | -90.6% |
| Profit (loss) for the period before taxes | 9903 | €724,543 | €714,409 | -€10,133 | -1.4% |
| Income taxes | 67/77 | €236,005 | €255,957 | +€19,952 | +8.5% |
| Taxes | 670/3 | €269,265 | €267,785 | -€1,480 | -0.5% |
| Tax adjustments and reversals of tax provisions | 77 | €33,261 | €11,829 | -€21,432 | -64.4% |
| Profit (loss) for the period | 9904 | €488,538 | €458,453 | -€30,085 | -6.2% |
| Profit (loss) for the period to be appropriated | 9905 | €488,538 | €458,453 | -€30,085 | -6.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.