MEDCOLAB: 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
MEDCOLAB
NACE 46.170, Agents in the wholesale of food, beverages and tobacco
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€66,042
2024 · €21,360+€44,682
Equity
€1.5m
2024 · €1.5m+€66,042
Cash
€92,730
2024 · €87,737+€4,993
Balance sheet total
€3.3m
2024 · €3.2m+€10,583
Largest movements
Assets
- Receivables within one year +€94,374
up €94,374 (+40.6%), from €232,376 to €326,751
of which Trade receivables: +€131,220
- Tangible fixed assets -€88,785
down €88,785 (-3.0%), from €2.9m to €2.8m
of which Land and buildings: -€83,806
Equity and liabilities
- Reserves +€66,042
up €66,042 (+4.8%), from €1.4m to €1.4m
- Other debts -€43,243
down €43,243 (-22.5%), from €191,817 to €148,574
Income statement
- Gross operating margin +€37,637
up €37,637 (+8.8%), from €429,852 to €467,488
- Depreciation -€25,827
down €25,827 (-16.6%), from €156,000 to €130,173
- Taxes +€20,832
up €20,832 (+195.0%), from €10,682 to €31,513
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
€21,360
Gross operating margin
+€37,637
Staff costs
-€2,920
Depreciation
+€25,827
Other operating charges
+€875
Financial income
-€10
Financial charges
+€4,105
Taxes
-€20,832
Result 2025
€66,042
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.
From operations
+€31,997
Investment
-€41,388
Financing
+€14,384
Cash 2024
€87,737
From operations (derived)
+€31,997
Net result for the year
+€66,042
Depreciation
+€130,173
Receivables within one year
-€94,374
Trade debts
-€3,563
Tax, wage and social debts
-€25,140
Other debts
-€43,243
Accrued charges and deferred income
+€2,103
Investment (derived)
-€41,388
Investment in fixed assets (net)
-€41,388
Financing
+€14,384
Debts after one year
+€14,089
Current portion of long-term debt
+€300
Short-term financial debts
-€5
Cash 2025
€92,730
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,245,578 | €3,256,161 | +€10,583 | +0.3% |
| Fixed assets | 21/28 | €2,925,465 | €2,836,680 | -€88,785 | -3.0% |
| Tangible fixed assets | 22/27 | €2,925,465 | €2,836,680 | -€88,785 | -3.0% |
| Land and buildings | 22 | €2,881,342 | €2,797,536 | -€83,806 | -2.9% |
| Plant, machinery and equipment | 23 | €10,460 | €15,859 | +€5,399 | +51.6% |
| Furniture and vehicles | 24 | €33,662 | €23,285 | -€10,377 | -30.8% |
| Current assets | 29/58 | €320,114 | €419,481 | +€99,367 | +31.0% |
| Amounts receivable within one year | 40/41 | €232,376 | €326,751 | +€94,374 | +40.6% |
| Trade receivables | 40 | €142,725 | €273,946 | +€131,220 | +91.9% |
| Other amounts receivable | 41 | €89,651 | €52,805 | -€36,846 | -41.1% |
| Cash at bank and in hand | 54/58 | €87,737 | €92,730 | +€4,993 | +5.7% |
| Total equity and liabilities | 10/49 | €3,245,578 | €3,256,161 | +€10,583 | +0.3% |
| Equity | 10/15 | €1,469,911 | €1,535,953 | +€66,042 | +4.5% |
| Contributions | 10/11 | €107,092 | €107,092 | = | 0.0% |
| Reserves | 13 | €1,362,819 | €1,428,861 | +€66,042 | +4.8% |
| Distributable reserves | 133 | €1,362,819 | €1,428,861 | +€66,042 | +4.8% |
| Amounts payable | 17/49 | €1,775,668 | €1,720,208 | -€55,460 | -3.1% |
| Amounts payable after more than one year | 17 | €1,498,327 | €1,512,416 | +€14,089 | +0.9% |
| Financial debts | 170/4 | €1,491,313 | €1,505,402 | +€14,089 | +0.9% |
| Other amounts payable | 178/9 | €7,014 | €7,014 | = | 0.0% |
| Amounts payable within one year | 42/48 | €275,680 | €204,029 | -€71,651 | -26.0% |
| Current portion of amounts payable after more than one year | 42 | €20,611 | €20,911 | +€300 | +1.5% |
| Financial debts | 43 | €2,131 | €2,126 | -€5 | -0.2% |
| Credit institutions | 430/8 | €2,131 | €2,126 | -€5 | -0.2% |
| Trade debts | 44 | €5,016 | €1,453 | -€3,563 | -71.0% |
| Suppliers | 440/4 | €5,016 | €1,453 | -€3,563 | -71.0% |
| Taxes, remuneration and social security | 45 | €56,105 | €30,965 | -€25,140 | -44.8% |
| Taxes | 450/3 | €29,932 | €3,842 | -€26,090 | -87.2% |
| Remuneration and social security | 454/9 | €26,173 | €27,123 | +€949 | +3.6% |
| Other amounts payable | 47/48 | €191,817 | €148,574 | -€43,243 | -22.5% |
| Accrued charges and deferred income | 492/3 | €1,661 | €3,763 | +€2,103 | +126.6% |
| Non-recurring operating income | 76A | €207 | - | -€207 | |
| Remuneration, social security and pensions | 62 | €219,352 | €222,272 | +€2,920 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €156,000 | €130,173 | -€25,827 | -16.6% |
| Other operating charges | 640/8 | €14,114 | €13,239 | -€875 | -6.2% |
| Gross operating margin | 9900 | €429,852 | €467,488 | +€37,637 | +8.8% |
| Operating profit (loss) | 9901 | €40,386 | €101,804 | +€61,419 | +152.1% |
| Financial income | 75/76B | €10 | - | -€10 | |
| Recurring financial income | 75 | €10 | - | -€10 | |
| Financial charges | 65/66B | €8,354 | €4,249 | -€4,105 | -49.1% |
| Recurring financial charges | 65 | €8,354 | €4,249 | -€4,105 | -49.1% |
| Profit (loss) for the period before taxes | 9903 | €32,042 | €97,556 | +€65,514 | +204.5% |
| Income taxes | 67/77 | €10,682 | €31,513 | +€20,832 | +195.0% |
| Profit (loss) for the period | 9904 | €21,360 | €66,042 | +€44,682 | +209.2% |
| Profit (loss) for the period to be appropriated | 9905 | €21,360 | €66,042 | +€44,682 | +209.2% |
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 9 October 2026 via checked.be.