medACX: 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.
medACX
Largest movements
- Cash +€122,570
up €122,570 (+40.2%), from €304,618 to €427,188
mainly Net result for the year (+€393,814) and Other debts (+€149,656)
- Receivables within one year +€28,614
up €28,614 (+880%), from €3,252 to €31,866
of which Other amounts receivable: +€23,554
- Other debts +€149,656
up €149,656 (+74.8%), from €200,000 to €349,656
- Tax, wage and social debts +€45,613
up €45,613 (+85.8%), from €53,162 to €98,775
- Debts after one year -€45,544
down €45,544 (-10.5%), from €434,776 to €389,232
- Reserves +€44,158
up €44,158 (+6.2%), from €717,391 to €761,549
- Current portion of long-term debt -€38,728
down €38,728 (-46.0%), from €84,272 to €45,544
- Taxes +€26,177
up €26,177 (+17.0%), from €153,757 to €179,934
- Gross operating margin +€11,448
up €11,448 (+1.8%), from €626,327 to €637,775
- Depreciation -€8,992
down €8,992 (-40.3%), from €22,332 to €13,340
- Financial charges -€8,013
down €8,013 (-35.5%), from €22,587 to €14,574
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 | €1,550,280 | €1,710,482 | +€160,202 | +10.3% |
| Fixed assets | 21/28 | €992,373 | €999,950 | +€7,577 | +0.8% |
| Tangible fixed assets | 22/27 | €992,373 | €999,950 | +€7,577 | +0.8% |
| Land and buildings | 22 | €959,234 | €959,234 | = | 0.0% |
| Plant, machinery and equipment | 23 | €25,759 | €36,319 | +€10,560 | +41.0% |
| Furniture and vehicles | 24 | €7,380 | €4,397 | -€2,983 | -40.4% |
| Current assets | 29/58 | €557,908 | €710,532 | +€152,624 | +27.4% |
| Amounts receivable within one year | 40/41 | €3,252 | €31,866 | +€28,614 | +880% |
| Trade receivables | 40 | €1,368 | €6,428 | +€5,060 | +370% |
| Other amounts receivable | 41 | €1,884 | €25,438 | +€23,554 | +1,250% |
| Current investments | 50/53 | €204,221 | €196,053 | -€8,168 | -4.0% |
| Cash at bank and in hand | 54/58 | €304,618 | €427,188 | +€122,570 | +40.2% |
| Deferred charges and accrued income | 490/1 | €45,816 | €55,425 | +€9,609 | +21.0% |
| Total equity and liabilities | 10/49 | €1,550,280 | €1,710,482 | +€160,202 | +10.3% |
| Equity | 10/15 | €773,191 | €817,349 | +€44,158 | +5.7% |
| Contributions | 10/11 | €55,800 | €55,800 | = | 0.0% |
| Reserves | 13 | €717,391 | €761,549 | +€44,158 | +6.2% |
| Distributable reserves | 133 | €717,391 | €761,549 | +€44,158 | +6.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €777,089 | €893,134 | +€116,044 | +14.9% |
| Amounts payable after more than one year | 17 | €434,776 | €389,232 | -€45,544 | -10.5% |
| Financial debts | 170/4 | €434,776 | €389,232 | -€45,544 | -10.5% |
| Amounts payable within one year | 42/48 | €341,814 | €503,723 | +€161,909 | +47.4% |
| Current portion of amounts payable after more than one year | 42 | €84,272 | €45,544 | -€38,728 | -46.0% |
| Trade debts | 44 | €4,380 | €9,748 | +€5,368 | +123% |
| Suppliers | 440/4 | €4,380 | €9,748 | +€5,368 | +123% |
| Taxes, remuneration and social security | 45 | €53,162 | €98,775 | +€45,613 | +85.8% |
| Taxes | 450/3 | €53,162 | €98,775 | +€45,613 | +85.8% |
| Other amounts payable | 47/48 | €200,000 | €349,656 | +€149,656 | +74.8% |
| Accrued charges and deferred income | 492/3 | €499 | €179 | -€321 | -64.2% |
| Remuneration, social security and pensions | 62 | €15,849 | €13,950 | -€1,899 | -12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,332 | €13,340 | -€8,992 | -40.3% |
| Other operating charges | 640/8 | €22,425 | €27,535 | +€5,110 | +22.8% |
| Gross operating margin | 9900 | €626,327 | €637,775 | +€11,448 | +1.8% |
| Operating profit (loss) | 9901 | €565,722 | €582,951 | +€17,229 | +3.0% |
| Financial income | 75/76B | €3,094 | €5,371 | +€2,277 | +73.6% |
| Recurring financial income | 75 | €3,094 | €5,371 | +€2,277 | +73.6% |
| Financial charges | 65/66B | €22,587 | €14,574 | -€8,013 | -35.5% |
| Recurring financial charges | 65 | €22,587 | €14,574 | -€8,013 | -35.5% |
| Profit (loss) for the period before taxes | 9903 | €546,229 | €573,747 | +€27,519 | +5.0% |
| Income taxes | 67/77 | €153,757 | €179,934 | +€26,177 | +17.0% |
| Profit (loss) for the period | 9904 | €392,472 | €393,814 | +€1,342 | +0.3% |
| Profit (loss) for the period to be appropriated | 9905 | €392,472 | €393,814 | +€1,342 | +0.3% |
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 18 October 2026 via checked.be.