MEDCALC SOFTWARE: what changed
Two fiscal 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.
MEDCALC SOFTWARE
Largest movements
- Current investments +€439,738
up €439,738 (+31.8%), from €1.4m to €1.8m
- Cash -€232,730
down €232,730 (-55.5%), from €419,137 to €186,407
mainly Current investments (-€439,738) and Receivables within one year (-€8,199)
- Reserves +€210,935
up €210,935 (+11.7%), from €1.8m to €2.0m
- Gross operating margin -€31,995
down €31,995 (-11.2%), from €286,095 to €254,101
- Taxes -€12,896
down €12,896 (-12.6%), from €102,691 to €89,794
- Financial charges -€4,366
down €4,366 (-417.2%), from -€1,046 to -€5,413
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 | €1,839,371 | €2,052,634 | +€213,263 | +11.6% |
| Fixed assets | 21/28 | €18,600 | €20,757 | +€2,157 | +11.6% |
| Tangible fixed assets | 22/27 | €3,850 | €6,007 | +€2,157 | +56.0% |
| Plant, machinery and equipment | 23 | €0 | €1,311 | +€1,311 | |
| Furniture and vehicles | 24 | - | €846 | +€846 | |
| Other tangible fixed assets | 26 | €3,850 | €3,850 | = | 0.0% |
| Financial fixed assets | 28 | €14,750 | €14,750 | = | 0.0% |
| Current assets | 29/58 | €1,820,771 | €2,031,877 | +€211,107 | +11.6% |
| Amounts receivable within one year | 40/41 | €13,647 | €21,847 | +€8,199 | +60.1% |
| Trade receivables | 40 | €3,648 | €3,697 | +€49 | +1.3% |
| Other amounts receivable | 41 | €9,999 | €18,149 | +€8,151 | +81.5% |
| Current investments | 50/53 | €1,383,667 | €1,823,405 | +€439,738 | +31.8% |
| Cash at bank and in hand | 54/58 | €419,137 | €186,407 | -€232,730 | -55.5% |
| Deferred charges and accrued income | 490/1 | €4,320 | €219 | -€4,101 | -94.9% |
| Total equity and liabilities | 10/49 | €1,839,371 | €2,052,634 | +€213,263 | +11.6% |
| Equity | 10/15 | €1,822,583 | €2,033,518 | +€210,935 | +11.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,809,919 | €2,020,854 | +€210,935 | +11.7% |
| Distributable reserves | 133 | €1,809,919 | €2,020,854 | +€210,935 | +11.7% |
| Profit (loss) carried forward | 14 | €264 | €264 | = | 0.0% |
| Amounts payable | 17/49 | €16,788 | €19,116 | +€2,328 | +13.9% |
| Amounts payable within one year | 42/48 | €15,837 | €19,116 | +€3,279 | +20.7% |
| Trade debts | 44 | €140 | €0 | -€140 | -100.0% |
| Suppliers | 440/4 | €140 | €0 | -€140 | -100.0% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €15,697 | €19,116 | +€3,419 | +21.8% |
| Accrued charges and deferred income | 492/3 | €951 | €0 | -€951 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22 | €354 | +€333 | +1527.8% |
| Other operating charges | 640/8 | €411 | €423 | +€12 | +2.8% |
| Gross operating margin | 9900 | €286,095 | €254,101 | -€31,995 | -11.2% |
| Operating profit (loss) | 9901 | €285,662 | €253,323 | -€32,339 | -11.3% |
| Financial income | 75/76B | €40,164 | €41,994 | +€1,830 | +4.6% |
| Recurring financial income | 75 | €40,164 | €41,994 | +€1,830 | +4.6% |
| Financial charges | 65/66B | -€1,046 | -€5,413 | -€4,366 | -417.2% |
| Recurring financial charges | 65 | -€1,046 | -€5,413 | -€4,366 | -417.2% |
| Profit (loss) for the period before taxes | 9903 | €326,872 | €300,729 | -€26,143 | -8.0% |
| Income taxes | 67/77 | €102,691 | €89,794 | -€12,896 | -12.6% |
| Profit (loss) for the period | 9904 | €224,182 | €210,935 | -€13,247 | -5.9% |
| Profit (loss) for the period to be appropriated | 9905 | €224,182 | €210,935 | -€13,247 | -5.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.