MED.OPHTA: 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.
What changed
MED.OPHTA
NACE 68.110, Buying and selling of own real estate
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€396,563
2024 · €352,525+€44,038
Equity
€959,997
2024 · €665,765+€294,232
Cash
€540,208
2024 · €388,090+€152,118
Balance sheet total
€1.7m
2024 · €1.6m+€68,723
Largest movements
Assets
- Cash +€152,118
up €152,118 (+39.2%), from €388,090 to €540,208
mainly Net result for the year (+€396,563) and Provisions (+€132,627)
- Tangible fixed assets -€93,547
down €93,547 (-8.2%), from €1.1m to €1.0m
Equity and liabilities
- Debts after one year -€336,720
down €336,720 (-68.0%), from €495,055 to €158,335
of which Other amounts payable: -€236,719
- Reserves +€295,548
up €295,548 (+47.4%), from €623,137 to €918,685
of which Tax-exempt reserves: +€397,880
- Provisions +€132,627
up €132,627 (+77.8%), from €170,579 to €303,205
Income statement
- Gross operating margin +€51,420
up €51,420 (+9.2%), from €559,534 to €610,953
- Depreciation -€6,887
down €6,887 (-16.6%), from €41,444 to €34,557
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
€352,525
Gross operating margin
+€51,420
Depreciation
+€6,887
Other operating charges
+€231
Financial income
-€776
Financial charges
+€451
Taxes
+€1,853
Deferred taxes and other
-€16,026
Result 2025
€396,563
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€532,180
Investment
+€58,990
Financing
-€439,052
Cash 2024
€388,090
From operations (derived)
+€532,180
Net result for the year
+€396,563
Depreciation
+€34,557
Receivables after one year
-€7,156
Receivables within one year
-€3,170
Deferred charges and accrued income
+€174
Provisions
+€132,627
Trade debts
-€12,477
Tax, wage and social debts
+€3,906
Other debts
-€12,844
Investment (derived)
+€58,990
Investment in fixed assets (net)
+€58,990
Financing
-€439,052
Debts after one year
-€336,720
Contributions, distributions and other
-€102,332
Cash 2025
€540,208
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,610,883 | €1,679,607 | +€68,723 | +4.3% |
| Fixed assets | 21/28 | €1,137,706 | €1,044,159 | -€93,547 | -8.2% |
| Tangible fixed assets | 22/27 | €1,137,706 | €1,044,159 | -€93,547 | -8.2% |
| Land and buildings | 22 | €1,137,706 | €1,044,159 | -€93,547 | -8.2% |
| Current assets | 29/58 | €473,177 | €635,447 | +€162,270 | +34.3% |
| Amounts receivable after more than one year | 29 | €0 | €7,156 | +€7,156 | |
| Other amounts receivable | 291 | €0 | €7,156 | +€7,156 | |
| Amounts receivable within one year | 40/41 | €84,744 | €87,914 | +€3,170 | +3.7% |
| Trade receivables | 40 | €81,000 | €81,000 | = | 0.0% |
| Other amounts receivable | 41 | €3,744 | €6,914 | +€3,170 | +84.7% |
| Cash at bank and in hand | 54/58 | €388,090 | €540,208 | +€152,118 | +39.2% |
| Deferred charges and accrued income | 490/1 | €343 | €169 | -€174 | -50.8% |
| Total equity and liabilities | 10/49 | €1,610,883 | €1,679,607 | +€68,723 | +4.3% |
| Equity | 10/15 | €665,765 | €959,997 | +€294,232 | +44.2% |
| Contributions | 10/11 | €6,717 | €6,717 | = | 0.0% |
| Reserves | 13 | €623,137 | €918,685 | +€295,548 | +47.4% |
| Non-distributable reserves | 130/1 | €672 | €672 | = | 0.0% |
| Reserves not available under the articles | 1311 | €672 | €672 | = | 0.0% |
| Tax-exempt reserves | 132 | €511,736 | €909,616 | +€397,880 | +77.8% |
| Distributable reserves | 133 | €110,729 | €8,397 | -€102,332 | -92.4% |
| Profit (loss) carried forward | 14 | €35,911 | €34,595 | -€1,316 | -3.7% |
| Provisions and deferred taxes | 16 | €170,579 | €303,205 | +€132,627 | +77.8% |
| Deferred taxes | 168 | €170,579 | €303,205 | +€132,627 | +77.8% |
| Amounts payable | 17/49 | €774,540 | €416,405 | -€358,135 | -46.2% |
| Amounts payable after more than one year | 17 | €495,055 | €158,335 | -€336,720 | -68.0% |
| Financial debts | 170/4 | €258,336 | €158,335 | -€100,001 | -38.7% |
| Other amounts payable | 178/9 | €236,719 | €0 | -€236,719 | -100% |
| Amounts payable within one year | 42/48 | €279,485 | €258,070 | -€21,415 | -7.7% |
| Current portion of amounts payable after more than one year | 42 | €100,001 | €100,001 | = | 0.0% |
| Trade debts | 44 | €13,516 | €1,039 | -€12,477 | -92.3% |
| Suppliers | 440/4 | €13,516 | €1,039 | -€12,477 | -92.3% |
| Taxes, remuneration and social security | 45 | €6,444 | €10,350 | +€3,906 | +60.6% |
| Taxes | 450/3 | €6,444 | €10,350 | +€3,906 | +60.6% |
| Other amounts payable | 47/48 | €159,524 | €146,680 | -€12,844 | -8.1% |
| Turnover | 70 | €0 | €0 | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,444 | €34,557 | -€6,887 | -16.6% |
| Other operating charges | 640/8 | €39,100 | €38,868 | -€231 | -0.6% |
| Gross operating margin | 9900 | €559,534 | €610,953 | +€51,420 | +9.2% |
| Operating profit (loss) | 9901 | €478,991 | €537,528 | +€58,538 | +12.2% |
| Financial income | 75/76B | €935 | €159 | -€776 | -83.0% |
| Recurring financial income | 75 | €935 | €159 | -€776 | -83.0% |
| Financial charges | 65/66B | €4,699 | €4,248 | -€451 | -9.6% |
| Recurring financial charges | 65 | €4,699 | €4,248 | -€451 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | €475,226 | €533,439 | +€58,212 | +12.2% |
| Transfer from deferred taxes | 780 | €2,073 | €2,073 | = | 0.0% |
| Transfer to deferred taxes | 680 | €118,674 | €134,700 | +€16,026 | +13.5% |
| Income taxes | 67/77 | €6,101 | €4,249 | -€1,853 | -30.4% |
| Profit (loss) for the period | 9904 | €352,525 | €396,563 | +€44,038 | +12.5% |
| Transfer from tax-exempt reserves | 789 | €6,220 | €6,220 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €356,021 | €404,100 | +€48,079 | +13.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,724 | -€1,316 | -€4,041 |
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 23 October 2026 via checked.be.