Med-Co: 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.
Med-Co
Largest movements
- Tangible fixed assets +€35,729
up €35,729 (+180%), from €19,858 to €55,587
of which Leasing and similar rights: +€44,759
- Receivables within one year +€6,157
up €6,157 (+678%), from €908 to €7,065
- Cash +€3,390
up €3,390 (+18.6%), from €18,201 to €21,590
mainly Debts after one year (+€35,630) and Current portion of long-term debt (+€8,910)
- Debts after one year +€35,630
new in 2025: €35,630
- Current portion of long-term debt +€8,910
new in 2025: €8,910
- Tax, wage and social debts +€2,272
up €2,272 (+163%), from €1,391 to €3,663
- Reserves -€1,673
down €1,673 (-25.3%), from €6,605 to €4,932
- Depreciation -€667
down €667 (-7.0%), from €9,532 to €8,865
- Gross operating margin +€644
up €644 (+6.9%), from €9,360 to €10,004
- Taxes -€617
down €617 (-87.8%), from €702 to €85
- Financial charges +€422
up €422 (+861%), from €49 to €471
- Other operating charges +€204
up €204 (+96.3%), from €212 to €416
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 | €38,967 | €84,243 | +€45,275 | +116% |
| Fixed assets | 21/28 | €19,858 | €55,587 | +€35,729 | +180% |
| Tangible fixed assets | 22/27 | €19,858 | €55,587 | +€35,729 | +180% |
| Plant, machinery and equipment | 23 | €535 | €2,728 | +€2,193 | +410% |
| Furniture and vehicles | 24 | €18,400 | €7,408 | -€10,992 | -59.7% |
| Leasing and similar rights | 25 | - | €44,759 | +€44,759 | |
| Other tangible fixed assets | 26 | €923 | €692 | -€231 | -25.0% |
| Current assets | 29/58 | €19,109 | €28,655 | +€9,546 | +50.0% |
| Amounts receivable within one year | 40/41 | €908 | €7,065 | +€6,157 | +678% |
| Trade receivables | 40 | €908 | €7,065 | +€6,157 | +678% |
| Cash at bank and in hand | 54/58 | €18,201 | €21,590 | +€3,390 | +18.6% |
| Total equity and liabilities | 10/49 | €38,967 | €84,243 | +€45,275 | +116% |
| Equity | 10/15 | €8,605 | €6,932 | -€1,673 | -19.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €6,605 | €4,932 | -€1,673 | -25.3% |
| Distributable reserves | 133 | €6,605 | €4,932 | -€1,673 | -25.3% |
| Amounts payable | 17/49 | €30,362 | €77,311 | +€46,949 | +155% |
| Amounts payable after more than one year | 17 | - | €35,630 | +€35,630 | |
| Financial debts | 170/4 | - | €35,630 | +€35,630 | |
| Amounts payable within one year | 42/48 | €30,362 | €41,680 | +€11,319 | +37.3% |
| Current portion of amounts payable after more than one year | 42 | - | €8,910 | +€8,910 | |
| Trade debts | 44 | €0 | €40 | +€40 | |
| Suppliers | 440/4 | €0 | €40 | +€40 | |
| Taxes, remuneration and social security | 45 | €1,391 | €3,663 | +€2,272 | +163% |
| Taxes | 450/3 | €1,391 | €3,663 | +€2,272 | +163% |
| Other amounts payable | 47/48 | €28,971 | €29,067 | +€97 | +0.3% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,532 | €8,865 | -€667 | -7.0% |
| Other operating charges | 640/8 | €212 | €416 | +€204 | +96.3% |
| Non-recurring operating charges | 66A | - | €1,840 | +€1,840 | |
| Gross operating margin | 9900 | €9,360 | €10,004 | +€644 | +6.9% |
| Operating profit (loss) | 9901 | -€384 | -€1,117 | -€733 | -191% |
| Financial charges | 65/66B | €49 | €471 | +€422 | +861% |
| Recurring financial charges | 65 | €49 | €471 | +€422 | +861% |
| Profit (loss) for the period before taxes | 9903 | -€433 | -€1,588 | -€1,155 | -267% |
| Income taxes | 67/77 | €702 | €85 | -€617 | -87.8% |
| Profit (loss) for the period | 9904 | -€1,135 | -€1,673 | -€538 | -47.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,135 | -€1,673 | -€538 | -47.4% |
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.