KH MEDICS: 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.
KH MEDICS
Largest movements
- Current investments -€45,072
no longer reported in 2025 (was €45,072)
- Tangible fixed assets -€16,584
down €16,584 (-21.8%), from €76,048 to €59,464
of which Furniture and vehicles: -€15,612
- Cash -€13,202
down €13,202 (-17.1%), from €77,407 to €64,204
mainly Contributions, distributions and other (-€375,035) and Deferred charges and accrued income (-€6,748)
- Receivables within one year -€9,489
down €9,489 (-97.7%), from €9,717 to €228
- Deferred charges and accrued income +€6,748
up €6,748 (+5.6%), from €119,613 to €126,362
- Reserves -€156,994
down €156,994 (-98.8%), from €158,854 to €1,860
- Other debts +€71,600
up €71,600 (+57.4%), from €124,809 to €196,409
- Tax, wage and social debts +€8,028
up €8,028 (+32.5%), from €24,678 to €32,706
- Gross operating margin +€87,855
up €87,855 (+39.5%), from €222,677 to €310,532
- Taxes +€34,583
up €34,583 (+85.7%), from €40,340 to €74,923
- Financial charges -€30,339
down €30,339 (-99.4%), from €30,537 to €198
- Financial income -€7,431
down €7,431 (-99.1%), from €7,500 to €69
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 | €327,857 | €250,259 | -€77,599 | -23.7% |
| Fixed assets | 21/28 | €76,048 | €59,464 | -€16,584 | -21.8% |
| Tangible fixed assets | 22/27 | €76,048 | €59,464 | -€16,584 | -21.8% |
| Plant, machinery and equipment | 23 | €3,729 | €2,758 | -€971 | -26.0% |
| Furniture and vehicles | 24 | €61,819 | €46,207 | -€15,612 | -25.3% |
| Other tangible fixed assets | 26 | €10,500 | €10,500 | = | 0.0% |
| Current assets | 29/58 | €251,809 | €190,794 | -€61,015 | -24.2% |
| Amounts receivable within one year | 40/41 | €9,717 | €228 | -€9,489 | -97.7% |
| Other amounts receivable | 41 | €9,717 | €228 | -€9,489 | -97.7% |
| Current investments | 50/53 | €45,072 | - | -€45,072 | |
| Cash at bank and in hand | 54/58 | €77,407 | €64,204 | -€13,202 | -17.1% |
| Deferred charges and accrued income | 490/1 | €119,613 | €126,362 | +€6,748 | +5.6% |
| Total equity and liabilities | 10/49 | €327,857 | €250,259 | -€77,599 | -23.7% |
| Equity | 10/15 | €177,454 | €20,460 | -€156,994 | -88.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €158,854 | €1,860 | -€156,994 | -98.8% |
| Distributable reserves | 133 | €158,854 | €1,860 | -€156,994 | -98.8% |
| Amounts payable | 17/49 | €150,404 | €229,799 | +€79,395 | +52.8% |
| Amounts payable within one year | 42/48 | €150,404 | €229,642 | +€79,238 | +52.7% |
| Trade debts | 44 | €917 | €527 | -€390 | -42.5% |
| Suppliers | 440/4 | €917 | €527 | -€390 | -42.5% |
| Taxes, remuneration and social security | 45 | €24,678 | €32,706 | +€8,028 | +32.5% |
| Taxes | 450/3 | €24,678 | €32,706 | +€8,028 | +32.5% |
| Other amounts payable | 47/48 | €124,809 | €196,409 | +€71,600 | +57.4% |
| Accrued charges and deferred income | 492/3 | - | €157 | +€157 | |
| Remuneration, social security and pensions | 62 | €1,908 | - | -€1,908 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,501 | €16,584 | +€1,083 | +7.0% |
| Other operating charges | 640/8 | €1,921 | €854 | -€1,067 | -55.5% |
| Gross operating margin | 9900 | €222,677 | €310,532 | +€87,855 | +39.5% |
| Operating profit (loss) | 9901 | €203,347 | €293,094 | +€89,747 | +44.1% |
| Financial income | 75/76B | €7,500 | €69 | -€7,431 | -99.1% |
| Recurring financial income | 75 | €7,500 | €69 | -€7,431 | -99.1% |
| Financial charges | 65/66B | €30,537 | €198 | -€30,339 | -99.4% |
| Recurring financial charges | 65 | €30,537 | €198 | -€30,339 | -99.4% |
| Profit (loss) for the period before taxes | 9903 | €180,309 | €292,964 | +€112,654 | +62.5% |
| Income taxes | 67/77 | €40,340 | €74,923 | +€34,583 | +85.7% |
| Profit (loss) for the period | 9904 | €139,969 | €218,041 | +€78,072 | +55.8% |
| Profit (loss) for the period to be appropriated | 9905 | €139,969 | €218,041 | +€78,072 | +55.8% |
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 15 October 2026 via checked.be.