MD 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.
MD MEDIC
Largest movements
- Cash -€237,233
down €237,233 (-96.6%), from €245,492 to €8,258
mainly Stocks and contracts (-€184,472) and Tax, wage and social debts (-€51,698)
- Stocks and contracts +€184,472
up €184,472 (+519.4%), from €35,516 to €219,988
- Tangible fixed assets +€9,924
up €9,924 (+46.4%), from €21,392 to €31,316
of which Furniture and vehicles: +€16,751
- Receivables within one year -€6,377
down €6,377 (-5.9%), from €108,631 to €102,254
of which Trade receivables: -€24,599
- Tax, wage and social debts -€51,698
down €51,698 (-62.0%), from €83,380 to €31,682
of which Taxes: -€51,705
- Trade debts -€29,734
down €29,734 (-71.9%), from €41,368 to €11,635
- Debts after one year +€14,698
new in 2025: €14,698
- Short-term financial debts +€14,161
new in 2025: €14,161
- Gross operating margin -€95,990
down €95,990 (-79.4%), from €120,925 to €24,935
- Taxes -€32,611
down €32,611 (-98.1%), from €33,229 to €618
- Depreciation +€10,956
up €10,956 (+771.4%), from €1,420 to €12,376
- Other operating charges +€6,085
up €6,085 (+1152.9%), from €528 to €6,613
- Staff costs +€4,332
new in 2025: €4,332
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €417,620 | €369,386 | -€48,233 | -11.5% |
| Fixed assets | 21/28 | €26,500 | €36,124 | +€9,624 | +36.3% |
| Intangible fixed assets | 21 | €1,358 | €1,058 | -€300 | -22.1% |
| Tangible fixed assets | 22/27 | €21,392 | €31,316 | +€9,924 | +46.4% |
| Plant, machinery and equipment | 23 | €20,051 | €13,224 | -€6,827 | -34.0% |
| Furniture and vehicles | 24 | €1,341 | €18,092 | +€16,751 | +1249.2% |
| Financial fixed assets | 28 | €3,750 | €3,750 | = | 0.0% |
| Current assets | 29/58 | €391,119 | €333,262 | -€57,857 | -14.8% |
| Stocks and contracts in progress | 3 | €35,516 | €219,988 | +€184,472 | +519.4% |
| Stocks | 30/36 | €35,516 | €219,988 | +€184,472 | +519.4% |
| Amounts receivable within one year | 40/41 | €108,631 | €102,254 | -€6,377 | -5.9% |
| Trade receivables | 40 | €102,473 | €77,874 | -€24,599 | -24.0% |
| Other amounts receivable | 41 | €6,158 | €24,380 | +€18,222 | +295.9% |
| Cash at bank and in hand | 54/58 | €245,492 | €8,258 | -€237,233 | -96.6% |
| Deferred charges and accrued income | 490/1 | €1,481 | €2,762 | +€1,281 | +86.5% |
| Total equity and liabilities | 10/49 | €417,620 | €369,386 | -€48,233 | -11.5% |
| Equity | 10/15 | €292,871 | €293,168 | +€296 | +0.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €280,339 | €280,339 | = | 0.0% |
| Non-distributable reserves | 130/1 | €91,339 | - | -€91,339 | |
| Reserves not available under the articles | 1311 | €91,339 | - | -€91,339 | |
| Distributable reserves | 133 | €189,000 | €280,339 | +€91,339 | +48.3% |
| Profit (loss) carried forward | 14 | €6,333 | €6,629 | +€296 | +4.7% |
| Amounts payable | 17/49 | €124,748 | €76,218 | -€48,530 | -38.9% |
| Amounts payable after more than one year | 17 | - | €14,698 | +€14,698 | |
| Financial debts | 170/4 | - | €14,698 | +€14,698 | |
| Amounts payable within one year | 42/48 | €124,748 | €61,520 | -€63,228 | -50.7% |
| Current portion of amounts payable after more than one year | 42 | - | €4,043 | +€4,043 | |
| Financial debts | 43 | - | €14,161 | +€14,161 | |
| Credit institutions | 430/8 | - | €14,161 | +€14,161 | |
| Trade debts | 44 | €41,368 | €11,635 | -€29,734 | -71.9% |
| Suppliers | 440/4 | €41,368 | €11,635 | -€29,734 | -71.9% |
| Taxes, remuneration and social security | 45 | €83,380 | €31,682 | -€51,698 | -62.0% |
| Taxes | 450/3 | €83,380 | €31,675 | -€51,705 | -62.0% |
| Remuneration and social security | 454/9 | - | €7 | +€7 | |
| Remuneration, social security and pensions | 62 | - | €4,332 | +€4,332 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,420 | €12,376 | +€10,956 | +771.4% |
| Other operating charges | 640/8 | €528 | €6,613 | +€6,085 | +1152.9% |
| Gross operating margin | 9900 | €120,925 | €24,935 | -€95,990 | -79.4% |
| Operating profit (loss) | 9901 | €118,977 | €1,614 | -€117,363 | -98.6% |
| Financial income | 75/76B | €3 | €819 | +€816 | +25170.1% |
| Recurring financial income | 75 | €3 | €819 | +€816 | +25170.1% |
| Financial charges | 65/66B | €3,062 | €1,518 | -€1,544 | -50.4% |
| Recurring financial charges | 65 | €3,062 | €1,518 | -€1,544 | -50.4% |
| Profit (loss) for the period before taxes | 9903 | €115,918 | €914 | -€115,004 | -99.2% |
| Income taxes | 67/77 | €33,229 | €618 | -€32,611 | -98.1% |
| Profit (loss) for the period | 9904 | €82,689 | €296 | -€82,393 | -99.6% |
| Profit (loss) for the period to be appropriated | 9905 | €82,689 | €296 | -€82,393 | -99.6% |
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 10 October 2026 via checked.be.