MEDACCOR: 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.
MEDACCOR
Largest movements
- Tangible fixed assets +€431,883
up €431,883 (+31.1%), from €1.4m to €1.8m
of which Plant, machinery and equipment: +€249,358
- Current investments -€63,069
down €63,069 (-24.8%), from €253,857 to €190,787
- Receivables within one year +€27,779
up €27,779 (+80.6%), from €34,475 to €62,254
of which Other amounts receivable: +€32,454
- Debts after one year +€242,934
up €242,934 (+19.5%), from €1.2m to €1.5m
- Current portion of long-term debt +€82,753
new in 2025: €82,753
- Profit (loss) carried forward +€54,895
up €54,895 (+13.2%), from €415,957 to €470,853
- Depreciation +€73,623
up €73,623 (+2451.3%), from €3,003 to €76,627
- Financial charges +€25,741
up €25,741 (+88.3%), from €29,135 to €54,876
- Taxes -€19,744
down €19,744 (-75.8%), from €26,032 to €6,288
- Staff costs +€3,664
new in 2025: €3,664
- Gross operating margin -€2,569
down €2,569 (-1.3%), from €195,996 to €193,427
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 | €1,707,554 | €2,091,497 | +€383,943 | +22.5% |
| Fixed assets | 21/28 | €1,388,556 | €1,820,659 | +€432,103 | +31.1% |
| Tangible fixed assets | 22/27 | €1,388,556 | €1,820,439 | +€431,883 | +31.1% |
| Land and buildings | 22 | €1,376,796 | €1,522,635 | +€145,839 | +10.6% |
| Plant, machinery and equipment | 23 | €4,680 | €254,037 | +€249,358 | +5328.6% |
| Furniture and vehicles | 24 | €7,080 | €43,766 | +€36,686 | +518.2% |
| Financial fixed assets | 28 | - | €220 | +€220 | |
| Current assets | 29/58 | €318,998 | €270,838 | -€48,160 | -15.1% |
| Amounts receivable within one year | 40/41 | €34,475 | €62,254 | +€27,779 | +80.6% |
| Trade receivables | 40 | €34,475 | €29,800 | -€4,675 | -13.6% |
| Other amounts receivable | 41 | - | €32,454 | +€32,454 | |
| Current investments | 50/53 | €253,857 | €190,787 | -€63,069 | -24.8% |
| Cash at bank and in hand | 54/58 | €29,310 | €17,270 | -€12,040 | -41.1% |
| Deferred charges and accrued income | 490/1 | €1,356 | €527 | -€830 | -61.2% |
| Total equity and liabilities | 10/49 | €1,707,554 | €2,091,497 | +€383,943 | +22.5% |
| Equity | 10/15 | €436,417 | €491,313 | +€54,895 | +12.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €415,957 | €470,853 | +€54,895 | +13.2% |
| Amounts payable | 17/49 | €1,271,137 | €1,600,184 | +€329,047 | +25.9% |
| Amounts payable after more than one year | 17 | €1,247,388 | €1,490,322 | +€242,934 | +19.5% |
| Financial debts | 170/4 | €1,247,388 | €1,490,322 | +€242,934 | +19.5% |
| Amounts payable within one year | 42/48 | €23,749 | €109,862 | +€86,113 | +362.6% |
| Current portion of amounts payable after more than one year | 42 | - | €82,753 | +€82,753 | |
| Trade debts | 44 | €2,727 | €5,231 | +€2,504 | +91.8% |
| Suppliers | 440/4 | €2,727 | €5,231 | +€2,504 | +91.8% |
| Taxes, remuneration and social security | 45 | €3,606 | €4,599 | +€993 | +27.5% |
| Taxes | 450/3 | €3,606 | €4,275 | +€669 | +18.6% |
| Remuneration and social security | 454/9 | - | €324 | +€324 | |
| Other amounts payable | 47/48 | €17,417 | €17,279 | -€137 | -0.8% |
| Remuneration, social security and pensions | 62 | - | €3,664 | +€3,664 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,003 | €76,627 | +€73,623 | +2451.3% |
| Other operating charges | 640/8 | €632 | €550 | -€82 | -13.0% |
| Gross operating margin | 9900 | €195,996 | €193,427 | -€2,569 | -1.3% |
| Operating profit (loss) | 9901 | €192,360 | €112,587 | -€79,773 | -41.5% |
| Financial income | 75/76B | €922 | €3,473 | +€2,551 | +276.7% |
| Recurring financial income | 75 | €922 | €3,473 | +€2,551 | +276.7% |
| Financial charges | 65/66B | €29,135 | €54,876 | +€25,741 | +88.3% |
| Recurring financial charges | 65 | €29,135 | €54,876 | +€25,741 | +88.3% |
| Profit (loss) for the period before taxes | 9903 | €164,147 | €61,183 | -€102,963 | -62.7% |
| Income taxes | 67/77 | €26,032 | €6,288 | -€19,744 | -75.8% |
| Profit (loss) for the period | 9904 | €138,114 | €54,895 | -€83,219 | -60.3% |
| Profit (loss) for the period to be appropriated | 9905 | €138,114 | €54,895 | -€83,219 | -60.3% |
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 11 October 2026 via checked.be.