Léthé Medic: 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.
Léthé Medic
Largest movements
- Current investments +€195,347
new in 2025: €195,347
- Cash +€129,891
up €129,891 (+24.9%), from €520,784 to €650,675
mainly Net result for the year (+€289,470) and Receivables within one year (+€49,493)
- Receivables within one year -€49,493
down €49,493 (-30.4%), from €163,052 to €113,559
of which Trade receivables: -€41,898
- Tangible fixed assets -€16,844
down €16,844 (-3.3%), from €512,546 to €495,702
of which Land and buildings: -€14,394
- Reserves +€289,470
up €289,470 (+36.7%), from €787,880 to €1.1m
of which Distributable reserves: +€158,960
- Debts after one year -€37,143
down €37,143 (-11.5%), from €323,469 to €286,326
- Accrued charges and deferred income +€31,014
up €31,014 (+6,446%), from €481 to €31,495
- Tax, wage and social debts -€30,366
down €30,366 (-96.2%), from €31,581 to €1,215
of which Taxes: -€21,846
- Gross operating margin +€58,455
up €58,455 (+16.0%), from €366,035 to €424,490
- Taxes +€9,048
up €9,048 (+10.8%), from €84,152 to €93,200
- Staff costs -€7,881
down €7,881 (-39.0%), from €20,233 to €12,352
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 | €1,207,933 | €1,465,743 | +€257,811 | +21.3% |
| Fixed assets | 21/28 | €512,546 | €495,702 | -€16,844 | -3.3% |
| Tangible fixed assets | 22/27 | €512,546 | €495,702 | -€16,844 | -3.3% |
| Land and buildings | 22 | €506,326 | €491,932 | -€14,394 | -2.8% |
| Furniture and vehicles | 24 | €997 | €517 | -€480 | -48.2% |
| Other tangible fixed assets | 26 | €5,222 | €3,253 | -€1,969 | -37.7% |
| Current assets | 29/58 | €695,387 | €970,041 | +€274,654 | +39.5% |
| Amounts receivable within one year | 40/41 | €163,052 | €113,559 | -€49,493 | -30.4% |
| Trade receivables | 40 | €155,457 | €113,559 | -€41,898 | -27.0% |
| Other amounts receivable | 41 | €7,596 | €0 | -€7,596 | -100% |
| Current investments | 50/53 | - | €195,347 | +€195,347 | |
| Cash at bank and in hand | 54/58 | €520,784 | €650,675 | +€129,891 | +24.9% |
| Deferred charges and accrued income | 490/1 | €11,551 | €10,460 | -€1,091 | -9.4% |
| Total equity and liabilities | 10/49 | €1,207,933 | €1,465,743 | +€257,811 | +21.3% |
| Equity | 10/15 | €807,103 | €1,096,573 | +€289,470 | +35.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €787,880 | €1,077,350 | +€289,470 | +36.7% |
| Tax-exempt reserves | 132 | €117,880 | €248,390 | +€130,510 | +111% |
| Distributable reserves | 133 | €670,000 | €828,960 | +€158,960 | +23.7% |
| Profit (loss) carried forward | 14 | €623 | €623 | = | 0.0% |
| Amounts payable | 17/49 | €400,830 | €369,171 | -€31,659 | -7.9% |
| Amounts payable after more than one year | 17 | €323,469 | €286,326 | -€37,143 | -11.5% |
| Financial debts | 170/4 | €323,469 | €286,326 | -€37,143 | -11.5% |
| Amounts payable within one year | 42/48 | €76,880 | €51,350 | -€25,530 | -33.2% |
| Current portion of amounts payable after more than one year | 42 | €35,337 | €37,143 | +€1,807 | +5.1% |
| Financial debts | 43 | €2,088 | €179 | -€1,909 | -91.4% |
| Credit institutions | 430/8 | €2,088 | €179 | -€1,909 | -91.4% |
| Trade debts | 44 | €7,874 | €5,578 | -€2,296 | -29.2% |
| Suppliers | 440/4 | €7,874 | €5,578 | -€2,296 | -29.2% |
| Taxes, remuneration and social security | 45 | €31,581 | €1,215 | -€30,366 | -96.2% |
| Taxes | 450/3 | €23,062 | €1,215 | -€21,846 | -94.7% |
| Remuneration and social security | 454/9 | €8,520 | €0 | -€8,520 | -100% |
| Other amounts payable | 47/48 | €0 | €7,235 | +€7,235 | |
| Accrued charges and deferred income | 492/3 | €481 | €31,495 | +€31,014 | +6,446% |
| Non-recurring operating income | 76A | €1,822 | €33,473 | +€31,650 | +1,737% |
| Remuneration, social security and pensions | 62 | €20,233 | €12,352 | -€7,881 | -39.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,123 | €16,844 | -€279 | -1.6% |
| Other operating charges | 640/8 | €8,499 | €6,975 | -€1,524 | -17.9% |
| Gross operating margin | 9900 | €366,035 | €424,490 | +€58,455 | +16.0% |
| Operating profit (loss) | 9901 | €320,182 | €388,320 | +€68,139 | +21.3% |
| Financial income | 75/76B | €3,247 | €455 | -€2,792 | -86.0% |
| Recurring financial income | 75 | €3,247 | €455 | -€2,792 | -86.0% |
| Financial charges | 65/66B | €6,175 | €6,106 | -€69 | -1.1% |
| Recurring financial charges | 65 | €6,175 | €6,106 | -€69 | -1.1% |
| Profit (loss) for the period before taxes | 9903 | €317,254 | €382,670 | +€65,416 | +20.6% |
| Income taxes | 67/77 | €84,152 | €93,200 | +€9,048 | +10.8% |
| Profit (loss) for the period | 9904 | €233,102 | €289,470 | +€56,368 | +24.2% |
| Transfer to tax-exempt reserves | 689 | €117,880 | €130,510 | +€12,630 | +10.7% |
| Profit (loss) for the period to be appropriated | 9905 | €115,222 | €158,960 | +€43,738 | +38.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.